Politics & Government

Senate Passed the Tax Cut – Major Victory for Trump, GOP

Early Saturday morning the Senate passed its version of the tax overhaul plan with a vote of 51-49. This hands a major victory to Trump and the GOP, considered the first major legislation in this administration. President Trump has made this the centerpiece of his economic plan, claiming that business taxes have made America uncompetitive on the global stage. While ...

Read More »

Democrats deserve ‘Pinocchios’ for ‘bullcrap’ claims about the tax bill

Things got heated during a hearing of the Senate Finance Committee when the very liberal Senator from Ohio, Sherrod Brown, advanced the specious political talking point that the Republicans were working for the rich in developing the tax reform bill.  The sartorial and usually calm committee Chairman Orrin Hatch, had enough of what he referred to as “bullcrap.”  In looking ...

Read More »

House Passes Tax Overhaul Package

The House of Representative approved a $1.4 trillion tax cut package on Thursday, putting President Trump and the Republican Party one step closer to their promised tax code overhaul. If it passes the Senate, it will be the biggest change to the US tax code since 1986. The bill would reduce the number of tax brackets from seven to four ...

Read More »

Taxpayers Spent $5.6T on wars in Middle East/Asia

US wars in Iraq, Afghanistan, Pakistan, and Syria have cost American taxpayers an estimated $5.6 trillion since 2001, according to a study conducted by the Watson Institute of International and Public Affairs at Brown University. This shocking figure, which more than triples the Pentagon’s estimates, suggests that every US taxpayer is responsible for about $24,000 in war costs. “War costs ...

Read More »

Trump Plays Nice With Chinese President

President Trump’s 12-day Asian tour landed him in Beijing this week, where he discussed trade and North Korea with Chinese President Xi Jinping. Trump has long sought to minimize the trade imbalance between the US and China. During his presidential campaign, Trump accused Beijing of “raping” the US and threatened to label China a “currency manipulator.” That vitriol has since ...

Read More »

Trumps Picks Jerome Powell to Take Over as Fed Chairman

On Thursday, President Donald Trump announced that he has selected Republican Jerome Powell as the Federal Reserve Chairman. Powell, if confirmed, will officially take on the powerful position once the current Chair Janet Yellen’s term ends in February of next year. Powell has had leadership roles in both the George W. Bush and Barack Obama administration and was appointed to ...

Read More »

Is Mark Zuckerberg Eyeing the White House?

There is increasing speculation that Facebook CEO Mark Zuckerberg, 33, is thinking about running for president. He hasn’t made any announcements, but the signs are certainly there. Zuckerberg recently hired Joel Benenson to work as a consultant for the Chan Zuckerberg Initiative (CZI), the philanthropic project he founded with his wife in 2015. Benenson’s past jobs include: • Democratic pollster • ...

Read More »

The Politics of Inflation

“Bankers Uneasy on Inflation” was the Wall St. Journal’s above the fold headline on Monday October 16, 2017 in its story summarizing recently concluded meetings of the International Monetary Fund and the World Bank in Washington D.C.  Wages and consumer prices in the US remain stubbornly stagnant after close to a decade now of aggressively low interest rates ostensibly intended ...

Read More »

Chinese Propaganda Movies Losing their Impact

Two propaganda films that were released in China this month did not foster the reactions that the Chinese Government had hoped for. Instead of inspiring Chinese pride and nationalism, one of the films, “The Founding of an Army” was mocked especially by the younger generation it was targeting. The film featured popular teen idols as revolutionary leaders. Hung Huang, a ...

Read More »

Top Candidates For Federal Reserve Chair Position And Their Views

President Trump is weighing his options for appointing a new Federal Reserve Chairman and this could be one of the most important appointments that he makes in his first year or his first term possibly. The Fed Chair is seen as the main policy maker when it comes to monetary issues. The way the Fed sways the economic environment is ...

Read More »