Donald Trump and Republicans in Congress keep crowing about the economy, when in reality Trumponomics has been a disaster. Here are its 7 biggest failures:
1. Trump promised to bring down America’s trade deficit “as fast as possible.” Instead, the trade deficit has hit an all-time high. The United States is now purchasing more goods and services from the rest of the world than we sell abroad than at any time in history.
2. As a presidential candidate in 2016, he said he could completely eliminate the federal debt in 8 years. Instead, the federal debt has exploded thanksto Trump and the GOP’s $1.9 trillion tax cuts for the wealthy and corporations. They’re already using the growing debt to threaten cuts to Social Security, Medicare, and Medicaid.
3. He promised to boost the wages of American workers, including a $4,000 pay raise for the average American family. Instead, wages for most Americans have been flat, adjusted for inflation. Meanwhile, over the same period, corporate profits have soared and the rich have become far richer, but the gains haven’t trickled down.
4. His administration said that corporations would invest their savings from tax cuts. Instead, corporations spent more money buying back shares of their own stock in 2018 than they invested in new equipment or facilities. These stock buybacks provide no real benefit for the economy, but boost executive bonuses and payouts for wealthy investors.
6. He promised to keep jobs in America and crack down on companies that ship jobs overseas. Instead, his tax law has created financial incentives for corporations to expand their operations abroad. Trump’s trade wars have also encouraged companies like Harley Davidson to move production overseas.
7. He promised to “drain the swamp” of Washington lobbyists. Instead, he’s put them in charge of health, safety, and environmental protections–which has endangered most Americans while increasing corporate profits even further.
The real recipe for economic growth is to invest in Americans–in their health, education, job training, and infrastructure.
But Trumponomics has exploded the deficit, hurt ordinary Americans, and lined the pockets of the wealthy and corporations.
Don’t let Trump and Republicans claim otherwise.
Trump’s fans think he’s a macho he-man — he’s really a moral weakling who preys on women and kids
Donald Trump's fans are obsessed with the idea that their hero is the pinnacle of manliness, here to restore the supposed greatness of American masculinity after its alleged assault at the hands of feminism and "political correctness." His fans paint semi-erotic art portraying Trump as handsome and virile, either with a couple of dozen pounds shaved off his waistline or as an over-muscular he-man. They are so sure that Trump radiates a vibrant masculinity that Trump fanboy and convicted criminal Dinesh D'Souza recently posted a picture of Trump sitting next to Canadian Prime Minister Justin Trudeau with the caption, "Masculinity in the twenty first century: which one is YOU?" The implicit assumption was that the orange-tinted primate, hunched over in a poorly-fitted suit was obviously more of a studly macho man than the suave young Canadian.
Why I’m waging info warfare against the GOP while most Democrats still prefer to ‘go high’ and lose
The ground shifted under Democrats during the 2016 election, but many refuse to acknowledge just how, or in what direction. Some are still content to lose close elections gracefully, even when the stakes for American democracy are the highest they have ever been. Others are so bent on proving that their electoral strategy is sound that they refuse to acknowledge Mark Zuckerberg has broken the traditional models of voter persuasion.
Nevertheless, a small group of Democratic operatives is no longer afraid to get their hands dirty. I am one of them.
I never intended to become a political operative. I wasn’t even thinking about the possibility when I set out to affect the 2017 special election for the US Senate in Alabama. I wanted to push back against the social media shenanigans that had helped elect Donald Trump and gather some data on their relative effectiveness because we were debating the impact of these tactics in a total vacuum of hard evidence either way. So when a documentarian recently asked me what it felt like to be a “political operative,” I was momentarily stunned by the realization that I had accidentally carved out a new career in white hat ratf*kery.
Trump’s sneak attack on social security — and how the president thinks he can quietly get away with it
Donald Trump’s recent budget proposal included billions of dollars in Social Security cuts. The proposed cuts were a huge betrayal of his campaign promise to protect our Social Security system. Fortunately for Social Security’s current and future beneficiaries, he has little chance of getting these cuts past the House of Representatives, which is controlled by Democrats.