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#USeconomy

35 posts26 participants0 posts today
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petersuber

Fascinating argument by @TimothyNoah that #Trump is working against the economic interests of billionaires and blue-collar workers alike.
newrepublic.com/article/192574

"I didn’t see this coming. Trump’s first presidency pampered oligarchs with tax cuts and deregulation. Trump’s second presidency will have more of that, sure, but it will also bring a mismanagement of the economy so grievous that it’s indistinguishable from sabotage…Looking back 40 years, [@adam_bonica] calculates that billionaire wealth grew 57.1% during Democratic administrations and 16.5% under Republicans. That wasn’t because Democratic presidents gave billionaires special breaks; it was because Democrats were superior stewards of the economy."

The New Republic · Why Don’t Plutocrats Care That Trump Is Tanking the Economy?Beware the false consciousness of the one percent.
#Economics#USEconomy#USPol
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