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‘We got side-tracked by really bad economic policy’: Moody’s analyst reveals how Trump’s economy is a flop

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As Americans head into another holiday season it appears the economic situation isn’t better for the vast majority.

An MSNBC report from Chris Hayes took a deeper dive into economic numbers, showing the difficulties people are facing. The Peterson Foundation revealed in a late October poll that only 35 percent of Americans believe they are better off than before. A full 33 percent say they’re the same and 31 percent said they are worse off. That is an astounding two-thirds of Americans who aren’t benefitting in President Donald Trump’s economy.

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Hayes noted that given the economic successes, most Americans should be doing exceptionally well. Former Department of Labor chief economist Betsey Stevenson warned of rising economic inequality ushing in tremendous successes for the top percent of wage earners, but it isn’t trickling down to middle-class families. She noted that in 2018 there was evidence of a slow-down in wage growth compared to what was seen between 2013 and 2017.

“That wage growth — median wages in some parts of the country didn’t move at all last year,” Stevenson explained. While wages aren’t growing, the list of uninsured Americans is growing along with higher costs.

“So, the last couple of years, the number of people without insurance has been increasing, childcare costs are rising,” she continued. “We see a strong economy where people aren’t having children. It’s very unusual to see the birth rate decline and that’s what we’re seeing.

Moody’s Analytics Chief Economist Mark Zandi leans more conservative in his economic opinions, but while Stevenson was talking about the state of the economy, he was nodding his head. He explained that 40 percent of American households don’t have enough cash to cover an emergency. An emergency, under the Federal Reserve’s definition, is something that costs over $400.

“So I think that makes the point very strongly that despite the headline good economic news, it really has not filtered down yet to many, many working-class Americans,” Zandi said.

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Stevenson explained that there is a greater demand for workers but it isn’t translating to a demand for better wages or working conditions.

“That link that gives workers more bargaining power seems to be broken,” she continued.

“We were nearly there — we just got side-tracked by really bad economic policy,” Zandi said of Trump’s economics.

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‘They just fired on us’: Horrifying videos of cops ‘using journalists for target practice’ in Minneapolis

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Journalists covering the protests in Minneapolis reported on being targeted by police on Saturday.

Multiple reports -- including live coverage on CNN -- showed police firing rubber bullets at journalists.

It’s open season on the media for the cops in Minneapolis. Evil. https://t.co/ZR3Nnf9ofH

— Nick Stellini (@StelliniTweets) May 31, 2020

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About 75% of Trump’s proposed coronavirus capital gains tax cut would go to the top 1% of earners

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Roughly three-quarters of the benefits from the capital gains tax cut floated by President Donald Trump as part of the administration's coronavirus relief plan would go to the top 1% of earners, according to the Tax Policy Center.

Trump has repeatedly floated a cut to capital gains taxes, which are taxes paid by investors on profits made when an asset, like stock or real estate, is sold. The capital gains tax rate is already 35% lower than the top income tax rate, and only about 6% of households in the bottom 80% of earners claim any capital gains, meaning the overwhelming majority of benefits would flow to the wealthy.

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By undoing Obama’s nursing home regulations, Trump opened the door for the deaths we’re seeing

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Years before the nation's nursing homes experienced a heavy COVID-19 death toll, the Trump administration rolled back the federal rules and regulations put in place by the Obama administration aimed at improving infection control in these kinds of facilities.

In an October 2016 edition of the Federal Register, the Center for Medicare and Medicaid Services published rules and regulations requiring long term care facilities "to develop an Infection Prevention and Control Program that includes an Antibiotic Stewardship Program and designate at least one Infection Preventionist"

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