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========== Universal Basic Income and Flat Tax A vastly simplified flat tax offers many advantages over the current labyrinthine structure. https://www.one-flat-tax.net/ Above a certain fixed amount that is not taxed, all income from whatever source is taxed at the same rate. The ideal goal would be a flat tax on discretionary income, but simplicity and transparency are important aspects of tax policy, so the zero-bracket amount is fixed. Andrew Yang and others advocate a Universal Basic Income https://www.yang2020.com/what-is-freedom-dividend-faq/ for all Americans to address the worst economic uncertainty and replace many unrelated ad-hoc assistance programs, like the covid food lines. The goal is to make sure that all Americans can afford non-discretionary expenses of survival. How can these ideas be combined? == Universal Basic Income Suppose every adult United States citizen received a basic income amount every month, untaxed - in lieu of social security, unemployment, welfare, EITC, and a host of other uncoordinated Federal, state, and local benefits. Simple to administer - no means test. It should be high enough for survival non-discretionary expenses, low enough that going to work still pays off for discretionary expenses. Though as we've seen during the pandemic, many people who thought they hated working eventually are desperate to get back to work. How much should UBI be? To replace social security, it should be at least the maximum social security benefit. That's 3895/month in 2021 - 46740/year. A less generous amount would be the proposed $15/hour minimum wage - 30000/year, 2500/month. Even less generous is Andrew Yang's proposed 1000/month. If the UBI were less than what Social Security would have provided, then Social Security would have to continue, covering the difference. == Flat Tax The flat tax proposal mentioned above has a zero-bracket amount of untaxed income and an additional partial exemption for W-2 wage income. All income above those amounts is taxed at a uniform rate - starting at 30% for Federal and 10% for state and local and subject to adjustment by Congress - all replacing the current Federal, state, and local income, payroll, sales, and property taxes. If Universal Basic Income were in place, however, there's no need for a zero-bracket amount and perhaps the W-2 exemption as well. All income other than the UBI would be taxed at the same rate. That rate would have to be higher for Federal - perhaps 40% - to pay for the UBI. But a 50% tax rate sounds outrageous for working people! It will seem so for one-percenters who are used to working on paying little or no tax. But somebody who received the UBI and also earned an equal amount by working would be paying an effective tax rate of 25% on the whole amount, not much different from what they are now - counting payroll, sales, and property taxes, which are more important than income taxes for low-end workers. == Opposition Every clause in every tax and benefit law is there because it has a powerful constituency that put it there and wants to keep it there. That constituency will punish any legislator that wants to simplify tax law. It will reward primary candidates that like the status quo. That's why every tax "simplification" from Congress makes the internal revenue code longer rather than shorter. That's not a mistake - that's part of the plan - cockroaches love a maze of dark cracks and crevices. "Money is the mother's milk of politics" and it take big bucks to run for Congress - big donors are needed. Not really donors so much as investors - those who donate enough to be remembered are expecting return on investment, often in tax law. The candidates need that complicated tax law as a vehicle for rewarding donors. So nothing is going to change until campaign finance is uncorrupted. A good start would be ending unlimited dark money https://americanpromise.net/ Thus the stock market rallied in anticipation of divided government being unable to pass any significant legislation, especially tax or regulatory. In general, a do-nothing Congress maintains the status quo and that's great for you if the status quo is great for you. https://www.political-scrapbook.net/2020-congress.html More at https://www.political-scrapbook.net/2020-ubi.html == topic economics 1 ===== impact 69 impactrate 0 negative 0 posted 2020-11-18 priority 1 ratio 22 react 1 reactrate 0 shares 1 sharesrate 0 title Universal Basic Income and Flat Tax topic economics wordrate 0 words 688 ID 1294800334197816 URL https://www.facebook.com/politicalscrapbooknet/posts/1294800334197816 engaged 1 impress 26 likeclickusers 1 likeuimpress 21 likeuusers 21 oimpress 26 oreach 22 posted "11/18/2020 01:25:27 PM" reach 22 sharesimpress 1 sharesusers 1 type Link ========== Zoom booms! Its gain is their loss though - https://www.mercurynews.com/2020/09/28/coronavirus-economy-bay-area-california-hotel-huge-decline-real-estate/ https://www.chicagotribune.com/business/ct-biz-united-airlines-pilots-avoid-furloughs-20200928-ndoyuquguzccxhgzhknpuflovi-story.html https://apnews.com/article/virus-outbreak-california-florida-layoffs-archive-29f917db4ef7e577dfb3d9c033a5fc69 Business travel and office space markets have probably shrunk permanently. Too bad for Trump Towers around the world! Good news for other industries besides zoom - https://apnews.com/article/archive-751e3db7d82e27025b2fd80075342e4a https://apnews.com/article/virus-outbreak-archive-consumer-confidence-6dafc5ac3cb8aef90151eab5551b7ba7 The bad news for Trump and then Biden - people who lost their high-paying jobs and then had to settle for low-paying jobs will not credit the government for all the low-paying jobs it created out of the virus. They'll be aiming to blame and punish. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-09-30 reactrate 0 sharesrate 0 title Zoom booms! Its gain is their loss though - topic economics wordrate 0 words 84 ID 1253234828354367 URL https://www.facebook.com/politicalscrapbooknet/posts/1253234828354367 impress 17 likeuimpress 7 likeuusers 7 oimpress 17 oreach 8 posted "09/30/2020 11:55:06 AM" reach 8 type Link ========== What income inequality? https://www.bloomberg.com/news/articles/2020-09-04/elon-musk-s-option-haul-swells-to-8-5-billion-with-third-payout At least his median worker gets 58,500 - that's almost enough to survive. Lots of people have to get by on far less - https://www.nytimes.com/2020/09/03/us/food-pantries-hunger-us.html and some even less than that - https://apnews.com/195893e537c8f9b0680c7655486c1fcb who don't get any benefit from Trump's $300/week emergency fund, which will run out in a few weeks anyway, probably before California can even gear up to offer it - https://www.mercurynews.com/2020/09/04/edd-fraud-audit-300-extra-unemployment-payments-job-economy-trump/ At least there's money for what's really important! https://apnews.com/a1b2dba95464143358708398df1950ac == topic economics 1 ===== impact 0 impactrate 0 negative 0 posted 2020-09-06 priority 1 reactrate 0 sharesrate 0 title What income inequality? topic economics wordrate 0 words 76 ID 1232910210386829 URL https://www.facebook.com/politicalscrapbooknet/posts/1232910210386829 impress 30 likeuimpress 5 likeuusers 4 oimpress 30 oreach 15 posted "09/06/2020 03:48:47 PM" reach 15 type Link ========== Maybe inflation won't be an issue any time soon! https://www.bloomberg.com/news/articles/2020-08-24/fed-study-finds-virus-is-a-powerful-downward-drag-on-inflation It would be nice to know we don't have to worry about stagflation. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-08-25 reactrate 0 sharesrate 0 title Maybe inflation won't be an issue any time soon! topic economics wordrate 0 words 25 ID 1222968168047700 URL https://www.facebook.com/politicalscrapbooknet/posts/1222968168047700 impress 13 likeuimpress 7 likeuusers 7 oimpress 13 oreach 8 posted "08/25/2020 06:48:12 PM" reach 8 type Link ========== Craft beer a victory of conservative economics? To the extent that "conservative" means economic liberty, maybe... https://www.washingtonpost.com/opinions/2020/08/14/raise-glass-american-craft-brewing-values-it-embodies/ To the extent that "conservative" means unlimited dark money and minority rule and concentration of economic power in a few major donors... not a chance. Trump says he's "conservative". Need I say more, squire? https://www.liberty-and-justice.net/ == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-08-14 reactrate 0 sharesrate 0 title Craft beer a victory of conservative economics? topic economics wordrate 1 words 53 ID 1213963992281451 URL https://www.facebook.com/politicalscrapbooknet/posts/1213963992281451 impress 13 likeuimpress 10 likeuusers 9 oimpress 13 oreach 10 posted "08/14/2020 03:16:50 PM" reach 10 type Link ========== California defined-benefit pension debt The virus has only aggravated the pension crisis by increasing local government emergency expenses and decreasing local government revenues. https://calmatters.org/commentary/dan-walters/2020/08/california-court-pension-debt-unfunded/ Is the answer really more leverage? That doesn't work out so well when the market is heading down. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-08-11 reactrate 0 sharesrate 0 title California defined-benefit pension debt topic economics wordrate 0 words 44 ID 1211444682533382 URL https://www.facebook.com/politicalscrapbooknet/posts/1211444682533382 impress 13 likeuimpress 9 likeuusers 9 oimpress 13 oreach 10 posted "08/11/2020 11:22:03 AM" reach 10 type Link ========== Why gold is looking good again Zero return is better than bonds that pay less than inflation - and there are reasons to expect inflationary mindset might be not too far in the future. https://www.nytimes.com/2020/08/08/opinion/gold-investment-coronavirus.html == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-08-08 reactrate 0 sharesrate 0 title Why gold is looking good again topic economics wordrate 0 words 37 ID 1209067049437812 URL https://www.facebook.com/politicalscrapbooknet/posts/1209067049437812 impress 11 likeuimpress 7 likeuusers 7 oimpress 11 oreach 8 posted "08/08/2020 10:04:00 AM" reach 8 type Link ========== Expanding income inequality vs an expanding middle class Peace and prosperity? Trump doesn't know where postwar prosperity came from, any more than he knows where postwar peace came from. He just assumes that they are a given, without any need for effort on his part or on the part of the government. But active government intervention is required from time to time to prevent stasis and fossilization of a permanent caste system. He could ask Theodore Roosevelt about that. https://www.nytimes.com/2020/08/06/opinion/middle-class-prosperity.html == The Black Death had a lot to do with making Western Europe the world center of innovation, wealth, and conquest, by increasing the value of labor and fostering development of technology and the middle class. But none of that coming golden age was visible at the height of the pestilence and for many years afterward. In contrast, in Eastern Europe, the ruling classes managed to suppress most of the change. https://www.science20.com/science_20/how_bubonic_plague_made_europe_great-29378 https://en.wikipedia.org/wiki/Consequences_of_the_Black_Death == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-08-06 reactrate 0 sharesrate 0 title Expanding income inequality vs an expanding middle class topic economics wordrate 1 words 153 ID 1207607212917129 URL https://www.facebook.com/politicalscrapbooknet/posts/1207607212917129 impress 8 likeuimpress 5 likeuusers 5 oimpress 8 oreach 6 posted "08/06/2020 12:46:01 PM" reach 6 type Link ========== What's the problem with concentration of power? Traditional Republicans don't have a problem seeing the problem of government or labor grown too powerful. But they tend to overlook the same problem when it's concentration of power in large corporations. https://www.mercurynews.com/2020/08/03/smith-focusing-on-facebook-and-googles-monopoly-misses-the-point/ Monopoly power is the best known abusive pattern, but whether there is a legal monopoly or not is not as important as whether a free market does not exist because there aren't enough competitors to keep it free. == topic economics ===== impact 24 impactrate 0 likeimpress 2 negative 0 posted 2020-08-04 ratio 7 react 3 reactrate 0 shares 1 sharesrate 0 title What's the problem with concentration of power? topic economics wordrate 0 words 80 ID 1206052756405908 URL https://www.facebook.com/politicalscrapbooknet/posts/1206052756405908 engaged 2 impress 27 likeclickusers 2 likeimpress 2 likeuimpress 23 likeusers 2 likeuusers 21 oimpress 27 oreach 22 posted "08/04/2020 12:28:41 PM" reach 22 sharesimpress 1 sharesusers 1 type Link ========== Just-in-time = just-too-late Driving cost out is fine until an emergency arises when people are desperate enough to pay any price. Mathematical programming provides algorithms to minimize cost, but if the cost function doesn't reflect emergencies, neither will the result. https://www.mercurynews.com/2020/07/22/opinion-when-it-comes-to-covid-19-efficiency-isnt-effective/ Of course, managers can always hope to take credit for cost savings now and let somebody else take blame for failure to prepare for emergencies later. == topic economics ===== hide 1 impact 62 impactrate 0 likeimpress 1 negative 1 posted 2020-07-22 ratio 1 react 9 reactrate 0 shares 2 sharesrate 0 sumclicks 5 title Just-in-time = just-too-late topic economics wordrate 0 words 69 ID 1196554550689062 URL https://www.facebook.com/politicalscrapbooknet/posts/1196554550689062 audclicks 5 audreach 3 engaged 4 hideclicks 1 hideclicksusers 1 impress 20 likeclickusers 3 likeimpress 1 likeuimpress 15 likeusers 1 likeuusers 14 matchedotherclicks 5 negclicks 1 negusers 1 oimpress 20 oreach 15 posted "07/22/2020 08:54:17 PM" postotherclicks 3 reach 15 sharesimpress 2 sharesusers 2 type Link ========== Over-leverage does not just affect businesses Individuals that were living month to month will precipitate a tidal wave of personal bankruptcies if Congress doesn't act. https://www.nytimes.com/2020/07/17/business/personal-bankruptcies-coronavirus.html "It's only when the tide goes out that you learn who's been swimming naked" Of course, just as in the third world, rising wealth and income inequality means that more and more people are swimming naked. Imagine a $15/hour minimum wage - that's about $30,000/year - can you imagine a justification for one person earning more than 100 times that amount ($3 million) just because he can get it? == Over-leverage and other aspects of an economic expansion at its end are the cause of the contraction and potential depression. The virus was the trigger but not the cause. The economic contraction is going to continue for years - ironically giving the Republicans a badly needed, even if bogus, issue to use against Bidenin 2022 and 2024, particularly if they refuse to help, as they did with Obama. Trump would have been luckier to have been defeated by Clinton in 2016 and then elected in 2020 at the bottom of the virus and economic collapse. You can't beat a virus, or the business cycle. You have to hope that they happen to somebody else, especially if you are incompetent. https://www.political-scrapbook.net/theory.html#cycle Trump was cruisin' for a bruisin' and didn't even know it. Anyone presiding over a ten-year-old economic expansion is living on borrowed time. And the loan has been called. "The race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all" == As for what to do, nothing's getting through the Senate before January unless it has virus liability relief for Republican donors https://abcnews.go.com/Politics/senate-gop-relief-bill-include-liability-protections-schools/story?id=71848623 The Democrats will probably have to swallow that to get what they want. Of course Trump might decide to veto the final bill anyway, depending on what he heard on Fox that morning. And no matter what, starting January, the surviving Republicans will start blaming the economic contraction on the Democrats. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-07-19 reactrate 0 sharesrate 0 title Over-leverage does not just affect businesses topic economics wordrate 1 words 360 ID 1193946554283195 URL https://www.facebook.com/politicalscrapbooknet/posts/1193946554283195 impress 13 likeuimpress 10 likeuusers 10 oimpress 13 oreach 11 posted "07/19/2020 08:57:15 AM" reach 11 type Link ========== The economy is not going to snap back before the election, no matter how many executive orders get signed. https://www.washingtonpost.com/opinions/2020/07/14/our-economy-is-crisis-only-one-candidates-realizes-it/ Billionaire tax cuts aren't going to help small business. https://www.nytimes.com/2020/07/13/business/small-businesses-coronavirus.html Vast numbers of people have lost health insurance at a very inopportune time - https://www.familiesusa.org/resources/the-covid-19-pandemic-and-resulting-economic-crash-have-caused-the-greatest-health-insurance-losses-in-american-history/ and of course the Trump administration is still urging the Supreme Court to give Obamacre the death penalty. Big banks expect worse, not better - https://www.washingtonpost.com/business/2020/07/14/big-banks-prepare-protracted-recession-report-drastic-drop-profits/ == We have no idea how many structural changes will occur before the virus is controlled. Even so, the lackluster economy will probably be the Republicans' biggest attack issue in 2022. They'll blame it on Biden even though everybody knows 1) it was inevitable https://www.political-scrapbook.net/theory.html#cycle and 2) Trump made it even worse than it had to be by reckless deregulation before the virus and 3) incompetent administration after the virus - "Too little Too late" could be Mary Trump's next book. Three strikes against Republicans which they will attempt to call against Democrats. https://www.nytimes.com/2020/07/13/opinion/us-coronavirus-trump.html == English pubs reopen just as California bars close again. But English pubs will be taking names and addresses for contact tracing. Try that in America! https://apnews.com/dc4775efdbeaa189ebd919012ad35565 https://apnews.com/67a750c86a62e8ea3223b91260c6df19 == topic economics ===== impact 207 impactrate 0 likeimpress 7 negative 0 posted 2020-07-13 ratio 3 react 11 reactrate 0 shares 1 sharesrate 0 sumclicks 3 title The economy is not going to snap back before the election, topic economics wordrate 0 words 188 ID 1189828698028314 URL https://www.facebook.com/politicalscrapbooknet/posts/1189828698028314 audclicks 3 audreach 3 engaged 9 impress 45 likeclickusers 9 likeimpress 7 likeuimpress 41 likeusers 6 likeuusers 36 matchedlinkclicks 1 matchedotherclicks 2 oimpress 45 oreach 38 posted "07/13/2020 10:35:08 PM" postlinkclicks 1 postotherclicks 2 reach 38 sharesimpress 1 sharesusers 1 type Link ========== The end of the small business path to upward mobility https://www.washingtonpost.com/outlook/2020/07/09/after-covid-19-giant-corporations-chains-may-be-only-ones-left/ Republican deregulation doesn't help matters - the 1%-ers fund the Republican Party - though usually discreetly through dark money. Theodore Roosevelt recognized that concentration of economic power was as bad as concentration of political power - that's why he's on Mt Rushmore - but his insights had no effect on his Republican successors. https://www.political-scrapbook.net/theory.html#liberty%20and%20equality == One bright spot - until recently https://www.foodandwine.com/beer/california-breweries-most-america But independent brewers are failing now due to virus restrictions on bars and taprooms - https://www.sfgate.com/food/article/First-brewery-in-Jack-London-Square-closes-15389189.php The survivors will be those who can figure out new ways to market and distribute - who can find a way to serve outdoors all year long - and who can master food service as well to become brewpubs. That's a lot of skills to master in a short time, when many consumers are rightly anxious about eating out. Even some of the younger consumers are starting to catch on as state and local health authorities roll back some prematurely opened businesses - https://www.washingtonpost.com/national/young-people-are-driving-a-spike-in-coronavirus-infections-officials-say/2020/06/27/3654638c-b7b4-11ea-a510-55bf26485c93_story.html == topic economics 1 ===== comments 1 impact 447 impactrate 0 likeimpress 15 negative 0 posted 2020-07-12 priority 1 ratio 2 react 26 reactrate 0 shares 2 sharesrate 0 sumclicks 8 title The end of the small business path to upward mobility topic economics wordrate 0 words 172 ID 1188592584818592 URL https://www.facebook.com/politicalscrapbooknet/posts/1188592584818592 audclicks 8 audreach 7 commentsimpress 1 commentsusers 1 engaged 18 impress 66 likeclickusers 12 likeimpress 15 likeuimpress 61 likeusers 14 likeuusers 51 matchedlinkclicks 4 matchedotherclicks 4 oimpress 66 oreach 53 posted "07/12/2020 08:16:58 AM" postlinkclicks 3 postotherclicks 4 reach 53 sharesimpress 2 sharesusers 2 type Link ========== What does the future look like in two years? https://www.nytimes.com/2020/07/10/opinion/sunday/coronavirus-economy-two-years.html The biggest changes are in education. Thus, no more affirmative action - because no more money to pay for it. The changes in economic power are pretty drastic too - depending on who wins the election. Second tier shopping malls, like second-tier universities, will have to find another vocation. == topic economics ===== impact 6 impactrate 0 negative 0 posted 2020-07-10 ratio 8 react 1 reactrate 0 sharesrate 0 sumclicks 1 title What does the future look like in two years? topic economics wordrate 0 words 61 ID 1187517581592759 URL https://www.facebook.com/politicalscrapbooknet/posts/1187517581592759 audclicks 1 audreach 1 engaged 1 impress 12 likeclickusers 1 likeuimpress 7 likeuusers 7 matchedotherclicks 1 oimpress 12 oreach 8 posted "07/10/2020 10:10:10 PM" postotherclicks 1 reach 8 type Link ========== the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all Trump was cruisin' for a bruisin' and didn't even know it. Anyone presiding over a ten-year-old bull market is living on borrowed time. And the loan has been called. https://www.bloomberg.com/news/articles/2020-07-01/hertz-creditors-in-11-billion-standoff-over-494-000-used-cars Sounds complicated, doesn't it? Full employment for accountants and attorneys! “It’s only when the tide goes out that you learn who’s been swimming naked.” The virus was the trigger but not the cause. The economic contraction is going to continue for years - ironically giving the Republicans a badly needed, even if bogus, issue to use against Biden, particularly if they refuse to help, as they did with Obama. The cause of Hertz' demise was over-leverage, which is a common phenomenon at the end of bull markets as financiers' and investors' memories of the bear market hazards of leverage fade. An aggravating condition for other industries, not applicable to Hertz though, is the ongoing transition from brick-and-mortar stores in malls to online shopping. Trump would have been luckier to have been defeated by Clinton in 2016 and then elected in 2020 at the bottom of the virus and economic collapse. You can't beat a virus, or the business cycle. You have to hope that they happen to somebody else, especially if you are incompetent. https://www.political-scrapbook.net/theory.html#cycle == topic economics 1 ===== impact 372 impactrate 0 likeimpress 3 negative 0 posted 2020-07-10 priority 1 ratio 2 react 15 reactrate 0 shares 1 sharesrate 0 sumclicks 11 title the race is not to the swift, nor the battle to the strong, topic economics wordrate 0 words 248 ID 1187368934940957 URL https://www.facebook.com/politicalscrapbooknet/posts/1187368934940957 audclicks 11 audreach 7 engaged 7 impress 47 likeclickusers 6 likeimpress 3 likeuimpress 31 likeusers 3 likeuusers 29 matchedotherclicks 11 oimpress 47 oreach 41 posted "07/10/2020 04:32:13 PM" postotherclicks 7 reach 41 sharesimpress 1 sharesusers 1 type Link ========== Calpers hopes for 7% growth every year. https://calmatters.org/commentary/2020/06/california-pension-risky-borrow-scheme-investment/ == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-07-09 reactrate 0 sharesrate 0 title Calpers hopes for 7% growth every year. topic economics wordrate 0 words 10 ID 1186788184999032 URL https://www.facebook.com/politicalscrapbooknet/posts/1186788184999032 impress 19 likeuimpress 14 likeuusers 12 oimpress 19 oreach 13 posted "07/09/2020 10:29:15 PM" reach 13 type Link ========== “Protesters Criticized For Looting Businesses Without Forming Private Equity Firm First” Private equity and deregulation and carried interest - no wonder the people at the top do better and the people at the bottom do worse. An over-leveraged economy will crash eventually for one reason or another - right now, the reason is a virus - and those firms are not coming back no matter what Trump says. But the biggest losers are the former employees of the former firms, not the former owners. https://www.nytimes.com/2020/07/02/opinion/private-equity-inequality.html == topic economics 1 ===== impact 62 impactrate 0 likeimpress 2 negative 0 posted 2020-07-02 priority 1 ratio 5 react 7 reactrate 0 shares 1 sharesrate 0 sumclicks 4 title “Protesters Criticized For Looting Businesses Without topic economics wordrate 0 words 88 ID 1181077288903455 URL https://www.facebook.com/politicalscrapbooknet/posts/1181077288903455 audclicks 4 audreach 3 engaged 4 impress 44 likeclickusers 4 likeimpress 2 likeuimpress 39 likeusers 2 likeuusers 34 matchedlinkclicks 1 matchedotherclicks 3 oimpress 44 oreach 35 posted "07/02/2020 06:47:15 AM" postlinkclicks 1 postotherclicks 2 reach 35 sharesimpress 1 sharesusers 1 type Link ========== Too many Democrats at Google? Concentrations of economic power don't bother Republicans unless the concentrations vote and donate Democratic! https://www.nytimes.com/2020/06/25/technology/barr-google-investigation.html == topic economics 1 ===== impact 2 impactrate 0 negative 0 posted 2020-07-01 priority 1 ratio 6 react 1 reactrate 0 sharesrate 0 sumclicks 1 title Too many Democrats at Google? topic economics wordrate 0 words 23 ID 1180382852306232 URL https://www.facebook.com/politicalscrapbooknet/posts/1180382852306232 audclicks 1 audreach 1 engaged 1 impress 12 likeclickusers 1 likeuimpress 6 likeuusers 5 matchedlinkclicks 1 oimpress 12 oreach 6 posted "07/01/2020 09:32:33 AM" postlinkclicks 1 reach 6 type Link ========== In the footsteps of Theranos and Enron https://www.nytimes.com/2020/06/26/business/wirecard-collapse-markus-braun.html == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-07-01 reactrate 0 sharesrate 0 title In the footsteps of Theranos and Enron topic economics wordrate 0 words 10 ID 1180381355639715 URL https://www.facebook.com/politicalscrapbooknet/posts/1180381355639715 impress 10 likeuimpress 3 likeuusers 3 oimpress 10 oreach 4 posted "07/01/2020 09:30:20 AM" reach 4 type Link ========== It was going to happen sooner or later - the virus made it sooner. Leveraged buyouts, private equity, hedge funds - the bubble was going to burst. Too bad about the timing, Mr. Trump. https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html Cutting off trade with China, if it were actually possible, would make some winners but a lot of losers - https://www.reuters.com/article/us-usa-trade-china-trump/trump-renews-threat-to-cut-ties-with-china-idUSKBN23P3JS One set of winners seems to be would-be homeowners with secure jobs and enough savings for a down payment - https://www.bloomberg.com/news/articles/2020-06-18/u-s-mortgage-rates-drop-to-a-record-low-3-13-for-30-year-loans Correspondingly, one set of losers is people and organizations dependent on interest income. How much do you remember about deflation? https://www.investopedia.com/articles/personal-finance/030915/why-deflation-bad-economy.asp == topic economics ===== comments 1 impact 39 impactrate 0 likeimpress 1 negative 0 posted 2020-06-20 ratio 7 react 4 reactrate 0 sharesrate 0 sumclicks 2 title It was going to happen sooner or later - the virus made topic economics wordrate 0 words 97 ID 1171479759863208 URL https://www.facebook.com/politicalscrapbooknet/posts/1171479759863208 audclicks 2 audreach 2 commentsimpress 1 commentsusers 1 engaged 3 impress 37 likeclickusers 3 likeimpress 1 likeuimpress 30 likeusers 1 likeuusers 29 matchedlinkclicks 1 matchedotherclicks 1 oimpress 37 oreach 30 posted "06/20/2020 06:19:11 AM" postlinkclicks 1 postotherclicks 1 reach 30 type Link ========== Organized tent cities - A temporary solution for the involuntary homeless. https://www.mercurynews.com/2020/05/26/amid-coronavirus-are-sanctioned-tent-cities-the-answer-to-homelessness/ They have facilities and rules enforced by the residents. But that won't address the problem of the voluntary homeless, many with chemical or mental challenges, who refuse to accept any restrictions on their behavior by anybody, and so will remain along creeks and underpasses. == topic economics ===== impact 12 impactrate 0 negative 0 posted 2020-05-30 ratio 5 react 2 reactrate 0 shares 1 sharesrate 0 sumclicks 1 title Organized tent cities - topic economics wordrate 0 words 58 ID 1155413031469881 URL https://www.facebook.com/politicalscrapbooknet/posts/1155413031469881 audclicks 1 audreach 1 engaged 1 impress 15 likeclickusers 1 likeuimpress 9 likeuusers 9 matchedotherclicks 1 oimpress 15 oreach 10 posted "05/30/2020 09:28:56 AM" postotherclicks 1 reach 10 sharesimpress 1 sharesusers 1 type Link ========== Lost economic output is gone forever "No amount of government aid is going to persuade many people to buy work clothes they don’t need, eat at a recently shuttered restaurant, enjoy an exercise class wearing a mask or take a long trip. That spending hasn’t been replaced by alternatives; it’s just gone." https://www.washingtonpost.com/opinions/were-all-poorer-now-nothing-the-government-does-can-fix-that/2020/05/19/f1fa50b0-99e6-11ea-89fd-28fb313d1886_story.html And the people near the bottom that barely survived economically - this time - might in the future put more of their income into savings for the next unexpected catastrophe. In the long run it might be better for more of our national debt to be held by Americans rather than foreigners, but in the short run it means the return to mindless consumption might be less of an economic boost than the Republicans hope, and in any event too late to help with their election prospects. Mass psychology is hard to direct, as every president during a recession has rediscovered. http://www.political-scrapbook.net/theory.html#cycle == topic economics 1 ===== impact 267 impactrate 0 likeimpress 5 negative 0 posted 2020-05-20 priority 1 ratio 3 react 17 reactrate 0 shares 2 sharesrate 0 sumclicks 10 title Lost economic output is gone forever topic economics wordrate 0 words 157 ID 1147967502214434 URL https://www.facebook.com/politicalscrapbooknet/posts/1147967502214434 audclicks 10 audreach 4 engaged 8 impress 54 likeclickusers 7 likeimpress 5 likeuimpress 39 likeusers 5 likeuusers 39 matchedotherclicks 10 oimpress 54 oreach 51 posted "05/20/2020 07:39:30 AM" postotherclicks 4 reach 51 sharesimpress 2 sharesusers 2 type Link ========== Why politicians have so little success changing the business cycle https://isr.umich.edu/news-events/news-releases/richard-curtin-pandemics-impact-on-economic-behavior/ It's all about mass psychology, especially the emotional part. It's always permanently changed by mass trauma, and finds a new normal rather than returning to the old normal. http://www.political-scrapbook.net/theory.html#cycle == topic economics ===== impact 25 impactrate 0 negative 0 posted 2020-05-18 ratio 2 react 6 reactrate 0 shares 1 sharesrate 0 sumclicks 5 title Why politicians have so little success changing the topic economics wordrate 0 words 41 ID 1146292652381919 URL https://www.facebook.com/politicalscrapbooknet/posts/1146292652381919 audclicks 5 audreach 1 engaged 1 impress 20 likeclickusers 1 likeuimpress 13 likeuusers 11 matchedlinkclicks 2 matchedotherclicks 3 oimpress 20 oreach 16 posted "05/18/2020 06:28:06 AM" postlinkclicks 1 postotherclicks 1 reach 16 sharesimpress 1 sharesusers 1 ========== Increasing wealth increases homelessness https://www.nytimes.com/2020/05/15/opinion/homeless-crisis-affordable-housing-cities.html == topic economics ===== impact 3 impactrate 0 likeimpress 2 negative 0 posted 2020-05-17 ratio 5 react 4 reactrate 0 sharesrate 0 sumclicks 2 title Increasing wealth increases homelessness topic economics wordrate 0 words 7 ID 1145870385757479 URL https://www.facebook.com/politicalscrapbooknet/posts/1145870385757479 audclicks 2 audreach 2 engaged 2 impress 24 likeclickusers 2 likeimpress 2 likeuimpress 19 likeusers 2 likeuusers 19 matchedotherclicks 2 oimpress 24 oreach 21 posted "05/17/2020 05:03:50 PM" postotherclicks 2 reach 21 type Link ========== Private equity - here to help you monetize your assets before you waste them on employees. All that commercial real estate must have some higher use! https://www.nytimes.com/2020/05/14/business/coronavirus-retail-bankruptcies-private-equity.html == topic economics ===== impact 3 impactrate 0 negative 0 posted 2020-05-15 ratio 8 react 1 reactrate 0 sharesrate 0 sumclicks 1 title Private equity - here to help you monetize your assets topic economics wordrate 0 words 29 ID 1143979419279909 URL https://www.facebook.com/politicalscrapbooknet/posts/1143979419279909 audclicks 1 audreach 1 engaged 1 impress 13 likeclickusers 1 likeuimpress 8 likeuusers 7 matchedotherclicks 1 oimpress 13 oreach 8 posted "05/15/2020 07:52:29 AM" postotherclicks 1 reach 8 type Link ========== Final solution to the small business problem. It's much easier to get campaigns funded by a few large corporations than by a host of small businesses. https://www.washingtonpost.com/business/2020/05/12/small-business-used-define-americas-economy-pandemic-could-end-that-forever/ == topic economics 1 ===== impact 15 impactrate 0 likeimpress 1 negative 0 posted 2020-05-12 priority 1 ratio 4 react 5 reactrate 0 sharesrate 0 sumclicks 4 title Final solution to the small business problem. topic economics wordrate 0 words 30 ID 1142168732794311 URL https://www.facebook.com/politicalscrapbooknet/posts/1142168732794311 audclicks 4 audreach 2 engaged 3 impress 27 likeclickusers 3 likeimpress 1 likeuimpress 21 likeusers 1 likeuusers 21 matchedlinkclicks 2 matchedotherclicks 2 oimpress 27 oreach 22 posted "05/12/2020 10:10:14 PM" postlinkclicks 2 postotherclicks 1 reach 22 type Link ========== Never waste a good pandemic! Add union busting and journalism suppression to the list of uses of a pandemic - along with environmental deregulation and billionaire tax cuts. https://www.inquirer.com/opinion/world-press-freedom-reporters-without-borders-china-trump-20200505.html https://www.nytimes.com/2020/05/08/fashion/coronavirus-garment-workers-asia-unions.html == topic economics ===== impact 16 impactrate 0 likeimpress 2 negative 0 posted 2020-05-10 ratio 5 react 5 reactrate 0 sharesrate 0 sumclicks 3 title Never waste a good pandemic! topic economics wordrate 0 words 31 ID 1140379476306570 URL https://www.facebook.com/politicalscrapbooknet/posts/1140379476306570 audclicks 3 audreach 2 engaged 2 impress 34 likeclickusers 2 likeimpress 2 likeuimpress 28 likeusers 2 likeuusers 27 matchedlinkclicks 1 matchedotherclicks 2 oimpress 34 oreach 28 posted "05/10/2020 12:03:33 PM" postlinkclicks 1 postotherclicks 1 reach 28 type Link ========== What economic recovery looks like. "Happens once, shame on you; happens twice, shame on me." What happens when China's factories restore inventory to pre-virus levels but consumers don't buy anything? Will there be a second wave of recession at that point, even if the virus disappears? https://www.nytimes.com/2020/04/28/business/china-coronavirus-economy.html Chinese millenial consumers have re-discovered the wisdom of their ancestors - living paycheck to paycheck is very high risk. Better save some for emergencies in an uncertain future! What is certain is that there will be surprise global perils in the future. Why would American millenials be any different? If no consumers are buying, manufacturers and vendors are not going to bribe instagram influencers - and that whole cohort might have to find a more productive living. It's hard to change the mass psychology of the business cycle - http://www.political-scrapbook.net/theory.html#cycle == topic economics 1 ===== impact 28 impactrate 0 negative 0 posted 2020-05-05 priority 1 ratio 6 react 2 reactrate 0 sharesrate 0 sumclicks 2 title What economic recovery looks like. topic economics wordrate 1 words 139 ID 1136308186713699 URL https://www.facebook.com/politicalscrapbooknet/posts/1136308186713699 audclicks 2 audreach 1 engaged 1 impress 20 likeclickusers 1 likeuimpress 14 likeuusers 12 matchedlinkclicks 1 matchedotherclicks 1 oimpress 20 oreach 13 posted "05/05/2020 09:28:42 AM" postlinkclicks 1 postotherclicks 1 reach 13 type Link ========== The stock market is not the economy! https://www.nytimes.com/2020/04/30/opinion/economy-stock-market-coronavirus.html == topic economics ===== impact 2 impactrate 0 likeimpress 2 negative 0 posted 2020-05-02 ratio 14 react 2 reactrate 0 sharesrate 0 title The stock market is not the economy! topic economics wordrate 0 words 10 ID 1134329623578222 URL https://www.facebook.com/politicalscrapbooknet/posts/1134329623578222 engaged 2 impress 34 likeclickusers 2 likeimpress 2 likeuimpress 27 likeusers 2 likeuusers 27 oimpress 34 oreach 29 posted "05/02/2020 05:47:59 PM" reach 29 type Link ========== Leverage works against you going down. Just as the virus is worst for people who are already sick, it's going to kill businesses that were already leveraged and in trouble. Most department stores are unlikely to survive, at least in their traditional form, and the malls that depend on them and the developers of those malls are also in big trouble, not to mention the people who worked there. There were troubles before the virus - the internet was already destroying the traditional business model - and the virus is probably the last nail in the coffin. https://www.nytimes.com/2020/04/21/business/coronavirus-department-stores-neiman-marcus.html == topic economics ===== impact 10 impactrate 0 likeimpress 1 negative 0 posted 2020-04-21 ratio 19 react 1 reactrate 0 sharesrate 0 title Leverage works against you going down. topic economics wordrate 0 words 100 ID 1126122554398929 URL https://www.facebook.com/politicalscrapbooknet/posts/1126122554398929 engaged 1 impress 25 likeclickusers 1 likeimpress 1 likeuimpress 17 likeusers 1 likeuusers 17 oimpress 25 oreach 19 posted "04/21/2020 05:36:36 PM" reach 19 type Link ========== Why are people at the bottom exposed to more of the risk for less of the reward? https://www.nytimes.com/2020/04/13/opinion/covid-workers-healthcare-fairness.html https://www.washingtonpost.com/business/2020/04/12/grocery-worker-fear-death-coronavirus/ == topic economics ===== impact 14 impactrate 0 likeimpress 2 negative 0 posted 2020-04-13 ratio 4 react 7 reactrate 0 shares 2 sharesrate 0 sumclicks 3 title Why are people at the bottom exposed to more of the risk topic economics wordrate 0 words 20 ID 1119417388402779 URL https://www.facebook.com/politicalscrapbooknet/posts/1119417388402779 audclicks 3 audreach 2 engaged 3 impress 36 likeclickusers 3 likeimpress 2 likeuimpress 31 likeusers 2 likeuusers 28 matchedlinkclicks 1 matchedotherclicks 2 oimpress 36 oreach 30 posted "04/13/2020 05:54:59 AM" postlinkclicks 1 postotherclicks 1 reach 30 sharesimpress 2 sharesusers 2 type Link ========== Goal in sight at last! https://www.nytimes.com/2020/04/14/opinion/usps-coronavirus.html (Urban) conservatives have always wanted to privatize the post office. After all, anonymous Wall Street bureaucrats subject to stockholders will make better decisions for you than anonymous DC bureaucrats subject to Congress. The postal service actually has to pay for future employee benefits, unlike a private corporation that can agree to anything now and let the future take care of itself - by passing unfunded defined benefit liabilities to the taxpayers. Trump is on board with privatization in order to punish 1) Bezos, 2) postal employees who are mostly union Democrats. https://www.latimes.com/business/story/2020-04-09/trump-postal-service-lies And it's a good way to kill vote-by-mail - and Trump thinks disabling voting by mail would enhance his re-election prospects. https://www.washingtonpost.com/business/2020/04/11/post-office-bailout-trump/ But Trump should check with rural Republican senators and congressmen. Their constituents have a different point of view. Without USPS competition, Fedex and UPS will charge what it actually costs to serve rural customers. Abolishing rural post offices right before an election might not be Trump's best move. == topic economics 1 ===== comments 3 impact 1183 impactrate 0 likeimpress 22 negative 0 posted 2020-04-11 priority 1 ratio 1 react 70 reactrate 0 shares 7 sharesrate 0 sumclicks 38 title Goal in sight at last! topic economics wordrate 0 words 169 ID 1118230048521513 URL https://www.facebook.com/politicalscrapbooknet/posts/1118230048521513 audclicks 38 audreach 21 commentsimpress 3 commentsusers 3 engaged 39 impress 110 likeclickusers 31 likeimpress 22 likeuimpress 90 likeusers 21 likeuusers 82 matchedlinkclicks 6 matchedotherclicks 32 oimpress 110 oreach 92 posted "04/11/2020 05:53:23 PM" postlinkclicks 6 postotherclicks 17 reach 92 sharesimpress 7 sharesusers 5 type Link ========== Small businesses invest in their communities. Big businesses invest in their politicians. https://www.nytimes.com/2020/04/10/opinion/coronavirus-small-businesses.html == topic economics ===== impact 11 impactrate 0 negative 0 posted 2020-04-11 ratio 1 react 7 reactrate 0 shares 3 sharesrate 0 sumclicks 4 title Small businesses invest in their communities. topic economics wordrate 0 words 15 ID 1118128395198345 URL https://www.facebook.com/politicalscrapbooknet/posts/1118128395198345 audclicks 4 audreach 2 engaged 2 impress 13 likeclickusers 2 likeuimpress 8 likeuusers 8 matchedotherclicks 4 oimpress 13 oreach 9 posted "04/11/2020 02:28:16 PM" postotherclicks 2 reach 9 sharesimpress 3 sharesusers 2 type Link ========== Sure there are some problems with the initial rollout - https://www.washingtonpost.com/business/2020/04/05/americans-hit-by-economic-shocks-confusion-stumbles-undermine-trumps-stimulus-effort/ and help may come too late for many individuals and small businesses. But don't be negative - just look what's already being planned for the next step! Just because Treasury was understaffed before this started - https://www.bloombergquint.com/politics/mnuchin-s-empty-jobs-stretch-treasury-team-thin-in-global-crisis doesn't mean the great ideas don't keep coming! "a payroll-tax cut, a capital-gains tax cut, creating 50-year Treasury bonds to lock in low interest rates, and a waiver that would clear businesses of liability from employees who contract the coronavirus on the job" A cut on the capital gains tax! 50-year bonds! Employers off the occupational safety hook! Help is never too late for big Republican donors! Why doesn't the mainstream media ever give Trump credit for all the good that he does - for good donors? == topic economics 1 ===== comments 2 impact 370 impactrate 0 likeimpress 8 negative 0 posted 2020-04-06 priority 1 ratio 1 react 27 reactrate 0 shares 2 sharesrate 0 sumclicks 15 title Sure there are some problems with the initial rollout - topic economics wordrate 0 words 137 ID 1114060422271809 URL https://www.facebook.com/politicalscrapbooknet/posts/1114060422271809 audclicks 15 audreach 11 commentsimpress 2 commentsusers 2 engaged 13 impress 67 likeclickusers 10 likeimpress 8 likeuimpress 38 likeusers 8 likeuusers 32 matchedlinkclicks 2 matchedotherclicks 13 oimpress 67 oreach 52 posted "04/06/2020 06:59:00 AM" postlinkclicks 2 postotherclicks 9 reach 52 sharesimpress 2 sharesusers 2 type Link ========== Is Trump for higher oil prices or lower? Looks like either way, he loses. A worldwide depression is bad news for North Dakota and the Permian Basin - bad enough to make them stay home on election day? Low gas prices don't help if nobody is allowed to go anywhere and nobody can afford to buy even cheap gas. https://www.nytimes.com/2020/04/02/us/politics/trump-russia-saudi-arabia-oil.html But now Trump is talking about a tariff on imported oil to support the domestic US oil industry. Remember that a tariff is a tax collected from American consumers. American oil companies who import oil don't like that idea. https://www.bloomberg.com/news/articles/2020-04-04/trump-says-he-d-use-tariffs-if-needed-to-protect-oil-industry It undoubtedly occurred to Saudi Arabia and Russia that an oil price war right now might protect their market share from each other, but would certainly eliminate a major part of the US domestic oil industry, which would benefit oil exporters when the economy recovers. == topic economics 1 ===== impact 59 impactrate 0 likeimpress 1 negative 0 posted 2020-04-03 priority 1 ratio 4 react 4 reactrate 0 sharesrate 0 sumclicks 3 title Is Trump for higher oil prices or lower? topic economics wordrate 0 words 147 ID 1111864059158112 URL https://www.facebook.com/politicalscrapbooknet/posts/1111864059158112 audclicks 3 audreach 3 engaged 3 impress 24 likeclickusers 3 likeimpress 1 likeuimpress 15 likeusers 1 likeuusers 15 matchedotherclicks 3 oimpress 24 oreach 18 posted "04/03/2020 06:38:46 AM" postotherclicks 3 reach 18 type Link ========== Wouldn't a real billionaire be able to make his payments when due? https://www.nytimes.com/2020/04/02/business/economy/coronavirus-trump-company-finances.html Oh wait, it's all about using other people's money. == topic economics ===== impact 24 impactrate 0 likeimpress 3 negative 0 posted 2020-04-02 ratio 2 react 10 reactrate 0 shares 1 sharesrate 0 sumclicks 6 title Wouldn't a real billionaire be able to make his payments topic economics wordrate 0 words 24 ID 1111578449186673 URL https://www.facebook.com/politicalscrapbooknet/posts/1111578449186673 audclicks 6 audreach 4 engaged 5 impress 36 likeclickusers 4 likeimpress 3 likeuimpress 28 likeusers 3 likeuusers 24 matchedotherclicks 6 oimpress 36 oreach 27 posted "04/02/2020 08:40:20 PM" postotherclicks 4 reach 27 sharesimpress 1 sharesusers 1 type Link ========== Nothing else is working - must be time for Infrastructure Week! As long as nothing is spent on Green New Deal projects! Not sure who does child care for the workers, or how social distancing works. It just sounds like another way to sneak in a future benefit for his donors while nobody's looking. All his previous proposals failed in the Senate anyway. Nobody wants to raise the gas tax prior to an election, even if gas prices are plummeting. But the Republican senators all seem to be immunized and ready to embrace deficit spending now, so maybe they can just print money. Dirksen used to say "a billion here, and billion there, and pretty soon you're talking about real money." Now the ante is a trillion here, a trillion there. https://www.bloomberg.com/news/articles/2020-03-31/trump-calls-for-2-trillion-infrastructure-bill-to-create-jobs == topic economics 1 ===== impact 27 impactrate 0 likeimpress 1 negative 0 posted 2020-04-02 priority 1 ratio 9 react 2 reactrate 0 sharesrate 0 sumclicks 1 title Nothing else is working - must be time for Infrastructure topic economics wordrate 0 words 135 ID 1111144069230111 URL https://www.facebook.com/politicalscrapbooknet/posts/1111144069230111 audclicks 1 audreach 1 engaged 1 impress 25 likeclickusers 1 likeimpress 1 likeuimpress 18 likeusers 1 likeuusers 16 matchedotherclicks 1 oimpress 25 oreach 18 posted "04/02/2020 07:35:10 AM" postotherclicks 1 reach 18 type Link ========== Local government will be paying for the virus for generations. https://www.mercurynews.com/2020/03/28/borenstein-calpers-unprepared-for-the-coronavirus-recession/ Unlike the Feds, state and local governments can't print money. http://www.political-scrapbook.net/controversial.html#defined%20benefit == topic economics ===== impact 21 impactrate 0 likeimpress 3 negative 0 posted 2020-03-30 ratio 3 react 9 reactrate 0 shares 1 sharesrate 0 sumclicks 5 title Local government will be paying for the virus for topic economics wordrate 0 words 23 ID 1108911909453327 URL https://www.facebook.com/politicalscrapbooknet/posts/1108911909453327 audclicks 5 audreach 5 engaged 6 impress 43 likeclickusers 6 likeimpress 3 likeuimpress 37 likeusers 2 likeuusers 31 matchedlinkclicks 2 matchedotherclicks 3 oimpress 43 oreach 32 posted "03/30/2020 07:14:10 AM" postlinkclicks 2 postotherclicks 3 reach 32 sharesimpress 1 sharesusers 1 type Link ========== If you think pandemics are bad for business, you're just in the wrong business. https://www.nytimes.com/2020/03/28/us/politics/coronavirus-money-lobbyists.html Trump just signed a $2 trillion full-employment-for-lobbyists bill. == topic economics 1 ===== comments 2 impact 57 impactrate 0 likeimpress 10 negative 0 posted 2020-03-29 priority 1 ratio 2 react 22 reactrate 0 shares 3 sharesrate 0 sumclicks 7 title If you think pandemics are bad for business, you're just topic economics wordrate 0 words 26 ID 1108466609497857 URL https://www.facebook.com/politicalscrapbooknet/posts/1108466609497857 audclicks 7 audreach 6 commentsimpress 2 commentsusers 2 engaged 17 impress 62 likeclickusers 14 likeimpress 10 likeuimpress 53 likeusers 10 likeuusers 49 matchedlinkclicks 1 matchedotherclicks 6 oimpress 62 oreach 51 posted "03/29/2020 04:17:39 PM" postlinkclicks 1 postotherclicks 5 reach 51 sharesimpress 3 sharesusers 3 type Link ========== Surprise! Trump signs the law and says he will ignore the parts he doesn't like. https://www.washingtonpost.com/business/2020/03/27/trump-coronavirus-inspector-general/ Here's how Schumer got the parts Trump doesn't like into the law - https://www.nytimes.com/2020/03/26/us/coronavirus-senate-stimulus-package.html == But how can Trump use the law to reward his campaign donors if an inspector general is sticking his nose everywhere? "The administration agreed to create the new inspector general's office in response to Democratic lawmakers who balked at giving the Treasury Department wide latitude to disburse more than $400 billion in emergency loans to corporations, cities and states. Trump has signaled he wants certain industries, such as hotels and cruise ships, to have access to the taxpayer-backed funding. The Treasury Department has not said so far how it will decide who receives money and what the terms will be. Trump said Friday night that his aides would be consulting with top Wall Street executives to make some of the decisions." But of course. Bailouts are for big corporate donors, not little people! The little people should be grateful to get cash to cover... one week's rent. Boeing gets a lot more than a week's worth! == topic economics 1 ===== comments 7 impact 1455 impactrate 0 likeimpress 29 negative 0 posted 2020-03-28 priority 1 ratio 1 react 77 reactrate 0 shares 7 sharesrate 0 sumclicks 34 title Surprise! Trump signs the law and says he will ignore topic economics wordrate 0 words 189 ID 1107507952927056 URL https://www.facebook.com/politicalscrapbooknet/posts/1107507952927056 audclicks 34 audreach 18 commentsimpress 7 commentsusers 3 engaged 42 impress 108 likeclickusers 30 likeimpress 29 likeuimpress 100 likeusers 29 likeuusers 91 matchedlinkclicks 3 matchedotherclicks 31 oimpress 108 oreach 94 posted "03/28/2020 10:42:30 AM" postlinkclicks 3 postotherclicks 17 reach 94 sharesimpress 7 sharesusers 7 type Link ========== Why stock buybacks are so popular with major political donors. https://www.washingtonpost.com/outlook/stock-buybacks-gouged-workers-the-measure-stopping-them-comes-too-late/2020/03/27/d6170752-6fcb-11ea-b148-e4ce3fbd85b5_story.html Buybacks were illegal before the Reagan administration. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-03-27 reactrate 0 sharesrate 0 title Why stock buybacks are so popular with major political topic economics wordrate 0 words 20 ID 1107082616302923 URL https://www.facebook.com/politicalscrapbooknet/posts/1107082616302923 impress 18 likeuimpress 12 likeuusers 11 oimpress 18 oreach 12 posted "03/27/2020 10:03:15 PM" reach 12 type Link ========== Republicans work diligently to free hard-working Americans from an entangling social safety net. EXCEPT right before an election. https://www.washingtonpost.com/business/2020/03/25/trillion-dollar-stimulus-checks/ After the election crisis passes, they'll get back with the program. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-03-26 reactrate 0 sharesrate 0 title Republicans work diligently to free hard-working Americans topic economics wordrate 0 words 32 ID 1105757403102111 URL https://www.facebook.com/politicalscrapbooknet/posts/1105757403102111 impress 21 likeuimpress 12 likeuusers 10 oimpress 21 oreach 12 posted "03/26/2020 07:43:40 AM" reach 12 type Link ========== National security or administration security? https://www.washingtonpost.com/business/2020/03/25/boeing-bailout-coronavirus/ But in an unexpected positive development, government leaders might get no benefit! https://www.washingtonpost.com/politics/stimulus-bill-prevents-trump-and-his-family-from-benefiting-from-loan-programs/2020/03/25/414a9400-6e8f-11ea-a3ec-70d7479d83f0_story.html == topic economics ===== comments 1 impact 28 impactrate 0 likeimpress 2 negative 0 posted 2020-03-26 ratio 2 react 14 reactrate 0 sharesrate 0 sumclicks 11 title National security or administration security? topic economics wordrate 0 words 20 ID 1105747533103098 URL https://www.facebook.com/politicalscrapbooknet/posts/1105747533103098 audclicks 11 audreach 4 commentsimpress 1 commentsusers 1 engaged 5 impress 48 likeclickusers 5 likeimpress 2 likeuimpress 40 likeusers 2 likeuusers 34 matchedotherclicks 11 oimpress 48 oreach 36 posted "03/26/2020 07:29:44 AM" postotherclicks 4 reach 36 type Link ========== Lesson from the New Deal - let recovery bubble up instead of trickle down. https://www.latimes.com/business/story/2020-03-23/new-deal-lessons-coronavirus-hiltzik-column == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-03-25 reactrate 0 sharesrate 0 title Lesson from the New Deal - let recovery bubble up instead topic economics wordrate 0 words 17 ID 1105153219829196 URL https://www.facebook.com/politicalscrapbooknet/posts/1105153219829196 impress 23 likeuimpress 14 likeuusers 11 oimpress 23 oreach 13 posted "03/25/2020 12:48:47 PM" reach 13 type Link ========== Relief for whom? https://www.nytimes.com/2020/03/23/opinion/republicans-coronavirus.html == topic economics ===== impact 4 impactrate 0 negative 0 posted 2020-03-24 ratio 3 react 7 reactrate 0 shares 1 sharesrate 0 sumclicks 6 title Relief for whom? topic economics wordrate 0 words 6 ID 1104274423250409 URL https://www.facebook.com/politicalscrapbooknet/posts/1104274423250409 audclicks 6 audreach 4 engaged 4 impress 34 likeclickusers 4 likeuimpress 24 likeuusers 21 matchedlinkclicks 3 matchedotherclicks 3 oimpress 34 oreach 23 posted "03/24/2020 10:05:35 AM" postlinkclicks 3 postotherclicks 1 reach 23 sharesimpress 1 sharesusers 1 type Link ========== Insider trading? Government officials shouldn't hold individual stocks - it looks bad when they sell. https://www.nytimes.com/2020/03/19/us/politics/richard-burr-stocks-sold-coronavirus.html == topic economics 1 ===== comments 1 impact 21 impactrate 0 likeimpress 7 negative 0 posted 2020-03-19 priority 1 ratio 4 react 11 reactrate 0 shares 1 sharesrate 0 sumclicks 2 title Insider trading? topic economics wordrate 0 words 19 ID 1100689943608857 URL https://www.facebook.com/politicalscrapbooknet/posts/1100689943608857 audclicks 2 audreach 2 commentsimpress 1 commentsusers 1 engaged 8 impress 57 likeclickusers 7 likeimpress 7 likeuimpress 45 likeusers 6 likeuusers 44 matchedlinkclicks 1 matchedotherclicks 1 oimpress 57 oreach 49 posted "03/19/2020 10:00:48 PM" postlinkclicks 1 postotherclicks 1 reach 49 sharesimpress 1 sharesusers 1 type Link ========== Why economists and politicians are so worried. https://www.nytimes.com/2020/03/17/business/economy/coronavirus-layoffs.html One person's spending is another person's income. No spending, no income. Then that other person's not spending, and somebody else is getting no income. That's how economies contract into recession or worse. https://www.nytimes.com/2020/03/17/upshot/coronavirus-economy-crisis-demand-shock.html == topic economics ===== impact 13 impactrate 0 negative 0 posted 2020-03-17 ratio 2 react 3 reactrate 0 shares 1 sharesrate 0 sumclicks 2 title Why economists and politicians are so worried. topic economics wordrate 0 words 42 ID 1098595620484956 URL https://www.facebook.com/politicalscrapbooknet/posts/1098595620484956 audclicks 2 audreach 1 engaged 1 impress 15 likeclickusers 1 likeuimpress 6 likeuusers 6 matchedotherclicks 2 oimpress 15 oreach 7 posted "03/17/2020 07:21:40 AM" postotherclicks 1 reach 7 sharesimpress 1 sharesusers 1 type Link ========== How bailouts work https://www.washingtonpost.com/business/2020/03/17/bailout-recession-economy-pearlstein/ There's no way to help the deserving without also helping the undeserving. But government should at least try - https://www.nytimes.com/2020/03/17/upshot/coronavirus-economy-crisis-demand-shock.html == topic economics 1 ===== impact 0 impactrate 0 negative 0 posted 2020-03-17 priority 1 reactrate 0 sharesrate 0 title How bailouts work topic economics wordrate 0 words 26 ID 1098562290488289 URL https://www.facebook.com/politicalscrapbooknet/posts/1098562290488289 impress 19 likeuimpress 12 likeuusers 12 oimpress 19 oreach 13 posted "03/17/2020 06:27:01 AM" reach 13 type Link ========== Haunted by zombie corporate debt https://www.nytimes.com/2020/03/16/opinion/coronavirus-economy-debt.html Will the zombies consume all the credit of the living? We knew the corporate debt bubble would pop sooner or later. And sooner or later is now. https://www.nytimes.com/2018/08/09/opinion/corporate-debt-bubble-next-recession.html So what's the government's response? Encourage more of the same corporate behavior? Surprise! https://www.nytimes.com/2020/03/16/opinion/airlines-bailout.html https://www.washingtonpost.com/news/business/wp/2020/03/16/u-s-airlines-seek-more-than-50-billion-from-the-government-to-deal-with-coronavirus-fallout/ == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-03-16 reactrate 0 sharesrate 0 title Haunted by zombie corporate debt topic economics wordrate 0 words 48 ID 1097973947213790 URL https://www.facebook.com/politicalscrapbooknet/posts/1097973947213790 impress 19 likeuimpress 12 likeuusers 12 oimpress 19 oreach 13 posted "03/16/2020 10:20:52 AM" reach 13 type Status ========== True Trumpists! They don't mind if his policies drive them into bankruptcy. https://www.washingtonpost.com/national/in-tobacco-country-trumps-tariffs-hit-hard-for-growers-and-communities/2020/03/14/8d29dfd6-5ff1-11ea-9055-5fa12981bbbf_story.html == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-03-15 reactrate 0 sharesrate 0 title True Trumpists! topic economics wordrate 0 words 15 ID 1097529993924852 URL https://www.facebook.com/politicalscrapbooknet/posts/1097529993924852 impress 25 likeuimpress 17 likeuusers 17 oimpress 25 oreach 19 posted "03/15/2020 08:04:14 PM" reach 19 type Link ========== When just-in-time is just-too-late to prevent panic buying. https://www.nytimes.com/2020/03/15/business/coronavirus-food-shortages.html There is a whole science - operations research - devoted to minimizing cost. Cost savings are relatively easy to quantify, so fits well with the paradigm of management by objectives. But excess capacity is just a cost, with a seldom-tangible and always-unpredictable benefit, so one way to meet your objectives of cost reduction is to eliminate excess capacity. That's the whole point of just-in-time manufacturing and logistics. After all, paying for rare events that are unlikely to arise on your watch is all pain for no gain, so why jeopardize your career advancement? This is an instance where market forces fail and the coercive power of government is necessary. == topic economics ===== impact 72 impactrate 0 likeimpress 2 negative 0 posted 2020-03-15 ratio 3 react 6 reactrate 0 shares 1 sharesrate 0 sumclicks 3 title When just-in-time is just-too-late to prevent panic buying. topic economics wordrate 0 words 120 ID 1097419923935859 URL https://www.facebook.com/politicalscrapbooknet/posts/1097419923935859 audclicks 3 audreach 3 engaged 4 impress 25 likeclickusers 3 likeimpress 2 likeuimpress 18 likeusers 2 likeuusers 18 matchedotherclicks 3 oimpress 25 oreach 20 posted "03/15/2020 04:07:17 PM" postotherclicks 3 reach 20 sharesimpress 1 sharesusers 1 type Link ========== A different kind of foreign economic interference. https://www.washingtonpost.com/opinions/2020/03/12/us-biggest-financial-threat-china-might-not-be-coronavirus/ As passive index funds get larger, it's harder to find securities to buy. == topic economics ===== comments 1 impact 58 impactrate 0 likeimpress 5 negative 0 posted 2020-03-12 ratio 2 react 25 reactrate 0 shares 4 sharesrate 0 sumclicks 15 title A different kind of foreign economic interference. topic economics wordrate 0 words 23 ID 1095213657489819 URL https://www.facebook.com/politicalscrapbooknet/posts/1095213657489819 audclicks 15 audreach 12 commentsimpress 1 commentsusers 1 engaged 16 impress 57 likeclickusers 14 likeimpress 5 likeuimpress 51 likeusers 5 likeuusers 52 matchedlinkclicks 7 matchedotherclicks 8 oimpress 57 oreach 54 posted "03/12/2020 04:00:57 PM" postlinkclicks 7 postotherclicks 6 reach 54 sharesimpress 4 sharesusers 4 type Link ========== Corporate debt https://apnews.com/7cd0108d79c6b4f1ee2e6ec5fc3a2275 When Treasury bonds lose liquidity, that's a CRISIS! https://www.nytimes.com/2020/03/12/business/economy/wall-street-funding-troubles-fed.html Something is happening here, and you don't know what it is, do you, Mr. Jones? https://www.nytimes.com/2020/03/12/upshot/markets-weird-coronavirus.html == We knew the corporate debt bubble would pop sooner or later. And sooner or later is now. https://www.nytimes.com/2018/08/09/opinion/corporate-debt-bubble-next-recession.html This affects, for starters, everybody who works at an over-leveraged corporation. Or works for a supplier for such a corporation. The layoffs are already starting. https://www.washingtonpost.com/business/2020/03/11/layoffs-coronavirus/ == topic economics 1 ===== impact 7 impactrate 0 negative 0 posted 2020-03-12 priority 1 ratio 13 react 1 reactrate 0 sharesrate 0 sumclicks 1 title Corporate debt topic economics wordrate 0 words 72 ID 1095134757497709 URL https://www.facebook.com/politicalscrapbooknet/posts/1095134757497709 audclicks 1 audreach 1 engaged 1 impress 16 likeclickusers 1 likeuimpress 12 likeuusers 12 matchedlinkclicks 1 oimpress 16 oreach 13 posted "03/12/2020 01:12:37 PM" postlinkclicks 1 reach 13 type Link ========== Coronavirus will not CAUSE the next recession. But coronavirus might TRIGGER the next recession. https://www.washingtonpost.com/opinions/the-coronavirus-gores-trumps-bull-market/2020/03/01/4e7a49b2-5a72-11ea-9b35-def5a027d470_story.html Like snow avalanches, major market turns have deep underlying causes and superficial triggering events that aren't much related. http://www.political-scrapbook.net/theory.html#cycle == topic economics ===== impact 7 impactrate 0 likeimpress 1 negative 0 posted 2020-03-02 ratio 10 react 2 reactrate 0 shares 1 sharesrate 0 title Coronavirus will not CAUSE the next recession. topic economics wordrate 0 words 35 ID 1087615324916319 URL https://www.facebook.com/politicalscrapbooknet/posts/1087615324916319 engaged 2 impress 22 likeclickusers 2 likeimpress 1 likeuimpress 19 likeusers 1 likeuusers 19 oimpress 22 oreach 20 posted "03/02/2020 08:00:41 AM" reach 20 sharesimpress 1 sharesusers 1 type Link ========== The yield curve inverts again https://markets.businessinsider.com/news/stocks/recession-indicator-yield-curve-inversion-lowest-point-since-october-coronavirus-2020-2-1028933077 But is it still a reliable indicator of negative psychology? https://www.marketwatch.com/story/the-yield-curve-may-be-losing-its-predictive-power-because-its-too-closely-watched-says-former-fed-official-2020-02-25 == topic economics ===== impact 4 impactrate 0 negative 0 posted 2020-02-27 ratio 5 react 2 reactrate 0 sharesrate 0 sumclicks 2 title The yield curve inverts again topic economics wordrate 0 words 18 ID 1084849581859560 URL https://www.facebook.com/politicalscrapbooknet/posts/1084849581859560 audclicks 2 audreach 2 engaged 2 impress 14 likeclickusers 2 likeuimpress 9 likeuusers 9 matchedlinkclicks 2 oimpress 14 oreach 10 posted "02/27/2020 01:19:12 PM" postlinkclicks 2 reach 10 type Link ========== Trump's plan to boost the economy Trump's plan was the same as Obama's - deficit spending. But the Obama recovery was slow because the Republicans opposed it at every step of the way. They forgot all their objections as soon as Trump was president. But their deficit spending was ill-directed toward the wealthy, who pay for Republican campaigns, and so economic growth continues at about the same rate as under Obama. https://www.nytimes.com/2020/02/24/opinion/trump-2020-debt.html Until coronavirus hit. If there is a real recession then there will be a real need for deficit spending. But if there is a real recession the Republicans will lose control of the White House and will have to go back to opposing everything proposed by the president. There is a real cost to making future generations pay for present consumption. Yet that form of deficit spending seems to appeal to Republicans much more than making future generations pay for capital improvements that will benefit them - such as infrastructure and education. == topic economics ===== impact 50 impactrate 0 likeimpress 3 negative 0 posted 2020-02-27 ratio 8 react 3 reactrate 0 sharesrate 0 title Trump's plan to boost the economy topic economics wordrate 1 words 166 ID 1084772468533938 URL https://www.facebook.com/politicalscrapbooknet/posts/1084772468533938 engaged 3 impress 29 likeclickusers 3 likeimpress 3 likeuimpress 24 likeusers 3 likeuusers 24 oimpress 29 oreach 25 posted "02/27/2020 10:41:41 AM" reach 25 type Link ========== You can't take credit for the Obama recovery - without taking blame for the Xi recession! https://www.nytimes.com/2020/02/26/upshot/coronavirus-trump-stock-market.html It's best not to tie your administration too closely to the stock market. http://www.political-scrapbook.net/theory.html#cycle == topic economics ===== impact 3 impactrate 0 likeimpress 1 negative 0 posted 2020-02-26 ratio 17 react 1 reactrate 0 sharesrate 0 title You can't take credit for the Obama recovery - topic economics wordrate 0 words 32 ID 1084289778582207 URL https://www.facebook.com/politicalscrapbooknet/posts/1084289778582207 engaged 1 impress 19 likeclickusers 1 likeimpress 1 likeuimpress 16 likeusers 1 likeuusers 16 oimpress 19 oreach 17 posted "02/26/2020 07:36:32 PM" reach 17 type Link ========== All bubbles pop eventually https://www.nytimes.com/2020/02/24/technology/tech-start-up-boom-deflate.html Bad luck for Trump that this particular deflation coincided with the coronavirus collapse. But negative psychology can be as contagious as positive psychology, and like other viruses they just have to run their courses, through Republican and Democratic administrations alike. http://www.political-scrapbook.net/theory.html#cycle == topic economics ===== impact 5 impactrate 0 negative 0 posted 2020-02-25 ratio 9 react 1 reactrate 0 sharesrate 0 sumclicks 1 title All bubbles pop eventually topic economics wordrate 0 words 47 ID 1083344195343432 URL https://www.facebook.com/politicalscrapbooknet/posts/1083344195343432 audclicks 1 audreach 1 engaged 1 impress 12 likeclickusers 1 likeuimpress 8 likeuusers 8 matchedotherclicks 1 oimpress 12 oreach 9 posted "02/25/2020 11:39:59 AM" postotherclicks 1 reach 9 type Link ========== Fantasy economics! There's nobody left willing and able to do the work required to increase growth. https://www.washingtonpost.com/business/2020/02/20/white-house-economists-predict-growth-wont-hit-trumps-3-percent-target-unless-big-changes-occur/ Unless immigration is drastically increased. Mulvaney says we need more immigrant labor - https://www.washingtonpost.com/politics/mulvaney-says-us-is-desperate-for-more-legal-immigrants/2020/02/20/946292b2-5401-11ea-87b2-101dc5477dd7_story.html But there's another approach - use robots to harvest food and care for nursing home patients, and serve and clean up in the hospitality business! https://apnews.com/f3a13e26b8eba124f8fb4afc40969641 == Oddly enough, Mulvaney remembers when Republicans were concerned about deficits - when Obama was president. https://www.washingtonpost.com/politics/in-speech-mulvaney-admits-republicans-are-hypocritical-on-deficits/2020/02/19/28546c84-5385-11ea-9e47-59804be1dcfb_story.html https://www.nytimes.com/2020/02/20/us/politics/mulvaney-trump.html The Republicans will recall their traditional wisdom as soon as they lose the White House - https://www.washingtonpost.com/opinions/2020/02/20/dont-let-republicans-sabotage-economy-under-next-democratic-president/ == topic economics 1 ===== impact 63 impactrate 0 likeimpress 4 negative 0 posted 2020-02-20 priority 1 ratio 6 react 7 reactrate 0 sharesrate 0 sumclicks 3 title Fantasy economics! topic economics wordrate 0 words 90 ID 1079413275736524 URL https://www.facebook.com/politicalscrapbooknet/posts/1079413275736524 audclicks 3 audreach 1 engaged 5 impress 49 likeclickusers 5 likeimpress 4 likeuimpress 43 likeusers 4 likeuusers 43 matchedotherclicks 3 oimpress 49 oreach 46 posted "02/20/2020 08:48:29 AM" postotherclicks 1 reach 46 type Link ========== Bootstrapping https://www.nytimes.com/2020/02/19/opinion/economic-mobility.html == topic economics ===== comments 1 impact 17 impactrate 0 likeimpress 16 negative 0 posted 2020-02-19 ratio 1 react 43 reactrate 0 shares 6 sharesrate 0 sumclicks 20 title Bootstrapping topic economics wordrate 0 words 4 ID 1079043482440170 URL https://www.facebook.com/politicalscrapbooknet/posts/1079043482440170 audclicks 20 audreach 12 commentsimpress 1 commentsusers 1 engaged 22 impress 59 likeclickusers 13 likeimpress 16 likeuimpress 53 likeusers 16 likeuusers 54 matchedlinkclicks 4 matchedotherclicks 16 oimpress 59 oreach 56 posted "02/19/2020 09:08:26 PM" postlinkclicks 4 postotherclicks 10 reach 56 sharesimpress 6 sharesusers 6 type Link ========== How retailers reduce overhead. https://www.washingtonpost.com/business/economy/walmart-employees-say-theyre-preparing-for-job-cuts-as-retailer-rolls-out-its-great-workplaces-program/2020/02/14/d8f4ea1c-4f63-11ea-9b5c-eac5b16dafaa_story.html == topic economics ===== hide 1 impact 21 impactrate 0 likeimpress 15 negative 1 posted 2020-02-18 ratio 3 react 30 reactrate 0 shares 2 sharesrate 0 sumclicks 12 title How retailers reduce overhead. topic economics wordrate 0 words 7 ID 1078077382536780 URL https://www.facebook.com/politicalscrapbooknet/posts/1078077382536780 audclicks 12 audreach 9 engaged 22 hideclicks 1 hideclicksusers 1 impress 92 likeclickusers 19 likeimpress 15 likeuimpress 86 likeusers 15 likeuusers 87 matchedlinkclicks 5 matchedotherclicks 7 negclicks 1 negusers 1 oimpress 92 oreach 90 posted "02/18/2020 02:12:30 PM" postlinkclicks 5 postotherclicks 5 reach 90 sharesimpress 2 sharesusers 2 type Link ========== Two points of view on deficit spending. https://www.nytimes.com/2020/02/18/opinion/trump-budget.html https://www.nytimes.com/2020/02/17/opinion/bloomberg-buttigieg-economy.html Investing for the future makes sense. Taxing future generations for current consumption does not. http://www.political-scrapbook.net/theory.html#bipartisanship == topic economics ===== comments 1 impact 86 impactrate 0 likeimpress 14 negative 0 posted 2020-02-18 ratio 1 react 36 reactrate 0 shares 5 sharesrate 0 sumclicks 16 title Two points of view on deficit spending. topic economics wordrate 0 words 24 ID 1077877355890116 URL https://www.facebook.com/politicalscrapbooknet/posts/1077877355890116 audclicks 16 audreach 9 commentsimpress 1 commentsusers 1 engaged 19 impress 75 likeclickusers 17 likeimpress 14 likeuimpress 69 likeusers 14 likeuusers 68 matchedotherclicks 16 oimpress 75 oreach 71 posted "02/18/2020 08:01:19 AM" postotherclicks 9 reach 71 sharesimpress 5 sharesusers 5 type Link ========== Don't distract me with arithmetic! https://www.reuters.com/article/us-usa-trump-budget-mnuchin/despite-1-trillion-deficits-trump-tax-cuts-will-still-pay-for-themselves-mnuchin-idUSKBN20634K If there's still a deficit, it must be because of the Democrats. == topic economics 1 ===== comments 13 impact 256 impactrate 0 likeimpress 51 negative 0 posted 2020-02-14 priority 1 ratio 1 react 122 reactrate 0 shares 11 sharesrate 0 sumclicks 47 title Don't distract me with arithmetic! topic economics wordrate 0 words 21 ID 1075096666168185 URL https://www.facebook.com/politicalscrapbooknet/posts/1075096666168185 audclicks 47 audreach 20 commentsimpress 13 commentsusers 12 engaged 66 impress 192 likeclickusers 38 likeimpress 51 likeuimpress 126 likeusers 51 likeuusers 126 matchedlinkclicks 5 matchedotherclicks 42 oimpress 192 oreach 190 posted "02/14/2020 05:09:57 PM" postlinkclicks 5 postotherclicks 16 reach 190 sharesimpress 11 sharesusers 11 type Link ========== The death of retail. It's because of Amazon, right? Wrong - it's because of income inequality. https://www.nytimes.com/2020/02/13/business/not-internet-really-killing-malls.html == topic economics ===== impact 2 impactrate 0 likeimpress 1 negative 0 posted 2020-02-14 ratio 12 react 1 reactrate 0 sharesrate 0 title The death of retail. topic economics wordrate 0 words 19 ID 1075056242838894 URL https://www.facebook.com/politicalscrapbooknet/posts/1075056242838894 engaged 1 impress 16 likeclickusers 1 likeimpress 1 likeuimpress 11 likeusers 1 likeuusers 11 oimpress 16 oreach 12 posted "02/14/2020 04:11:04 PM" reach 12 type Link ========== Silicon Valley Syndrome. https://www.mercurynews.com/2020/02/06/venture-capital-helped-fuel-silicon-valley-is-it-also-destroying-it/ The people at the bottom who keep life comfortable for the people at the top need to organize to get a fair slice of the pie. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-02-13 reactrate 0 sharesrate 0 title Silicon Valley Syndrome. topic economics wordrate 0 words 32 ID 1074030682941450 URL https://www.facebook.com/politicalscrapbooknet/posts/1074030682941450 impress 22 likeuimpress 18 likeuusers 17 oimpress 22 oreach 18 posted "02/13/2020 01:01:04 PM" reach 18 type Link ========== Another way democracy dies https://www.washingtonpost.com/business/2020/02/11/income-inequality-un-destabilizing/ == topic economics 1 ===== comments 1 impact 21 impactrate 0 likeimpress 12 negative 0 posted 2020-02-11 priority 1 ratio 2 react 26 reactrate 0 shares 3 sharesrate 0 sumclicks 10 title Another way democracy dies topic economics wordrate 0 words 8 ID 1072786033065915 URL https://www.facebook.com/politicalscrapbooknet/posts/1072786033065915 audclicks 10 audreach 9 commentsimpress 1 commentsusers 1 engaged 17 impress 60 likeclickusers 15 likeimpress 12 likeuimpress 55 likeusers 11 likeuusers 56 matchedotherclicks 10 oimpress 60 oreach 58 posted "02/11/2020 09:32:45 PM" postotherclicks 9 reach 58 sharesimpress 3 sharesusers 3 type Link ========== Headwinds against the economy from the east. https://www.nytimes.com/2020/02/10/business/china-coronavirus-economy.html The Fed is worried https://www.nytimes.com/2020/02/11/business/economy/jerome-powell-federal-reserve-coronavirus.html and also worried about the deficit. The Europeans are already in recession - https://www.nytimes.com/2020/02/11/business/coronavirus-europe-economy-daimler.html All these might affect the psychology of the American election. https://www.nytimes.com/2020/02/10/business/coronavirus-japan-cruise-ship.html Fortunately, Trump has years of experience telling other people how to manage epidemics. https://www.nytimes.com/2020/02/10/us/politics/trump-coronavirus-epidemic.html But in economics, if you want to take credit for the Obama expansion, you have to take blame for the Trump recession happening right before elections. == topic economics ===== impact 8 impactrate 0 likeimpress 1 negative 0 posted 2020-02-10 ratio 15 react 1 reactrate 0 sharesrate 0 title Headwinds against the economy from the east. topic economics wordrate 0 words 76 ID 1072014899809695 URL https://www.facebook.com/politicalscrapbooknet/posts/1072014899809695 engaged 1 impress 18 likeclickusers 1 likeimpress 1 likeuimpress 14 likeusers 1 likeuusers 14 oimpress 18 oreach 15 posted "02/10/2020 07:40:26 PM" reach 15 type Link ========== Trump surrenders to simple arithmetic. Cutting taxes increases the deficit after all. You can't reduce the deficit without dealing with entitlements. You can't increase economic growth rates with an aging population and reduced immigration. So just like every other politician, Trump will just print money and let some more courageous politician of the future deliver the bad news - all your income will go to paying for the consumption of previous generations. https://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2020/02/10/the-finance-202-trump-s-budget-previews-his-2020-economic-pitch-more-spending-on-tax-cuts-and-the-wall/5e408ff3602ff14f8aac1753/ Trump is not going to cut Medicare - just remove half a trillion dollars in wasteful Medicare spending. https://www.nytimes.com/2020/02/09/us/politics/trump-border-wall-budget.html https://www.washingtonpost.com/opinions/2020/02/10/trumps-budget-reveals-tremendous-fraud/ When push comes to shove - Trump is just another Republican favoring his wealthy investors. https://www.nytimes.com/2020/02/10/opinion/trump-budget-2020.html == topic economics ===== hide 1 impact 162 impactrate 0 likeimpress 7 negative 1 posted 2020-02-10 ratio 3 react 15 reactrate 0 sharesrate 0 sumclicks 7 title Trump surrenders to simple arithmetic. topic economics wordrate 0 words 108 ID 1071663853178133 URL https://www.facebook.com/politicalscrapbooknet/posts/1071663853178133 audclicks 7 audreach 6 engaged 10 hideclicks 1 hideclicksusers 1 impress 49 likeclickusers 10 likeimpress 7 likeuimpress 44 likeusers 7 likeuusers 44 matchedotherclicks 7 negclicks 1 negusers 1 oimpress 49 oreach 47 posted "02/10/2020 07:51:33 AM" postotherclicks 6 reach 47 type Link ========== What happens when deficits exceed a trillion dollars a year? We're all going to find out! https://www.nytimes.com/2020/01/28/business/trillion-budget-deficit-cbo.html == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-01-30 reactrate 0 sharesrate 0 title What happens when deficits exceed a trillion dollars topic economics wordrate 0 words 19 ID 1063559267321925 URL https://www.facebook.com/politicalscrapbooknet/posts/1063559267321925 impress 23 likeuimpress 18 likeuusers 18 oimpress 23 oreach 19 posted "01/30/2020 07:43:59 AM" reach 19 type Link ========== Two cheers for slow growth! https://www.washingtonpost.com/opinions/lets-celebrate-slow-economic-growth/2020/01/27/13eea206-412d-11ea-b5fc-eefa848cde99_story.html 6% growth rates just aren't possible in an advanced economy. Especially if you reduce immigration. http://www.liberty-and-justice.net/ == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-01-28 reactrate 0 sharesrate 0 title Two cheers for slow growth! topic economics wordrate 0 words 23 ID 1062106327467219 URL https://www.facebook.com/politicalscrapbooknet/posts/1062106327467219 impress 10 likeuimpress 7 likeuusers 7 oimpress 10 oreach 8 posted "01/28/2020 07:11:20 AM" reach 8 type Link ========== European solutions to housing crisis https://www.mercurynews.com/2020/01/26/opinion-california-needs-more-social-housing-to-solve-crisis/ Another approach is for workers to organize and demand a living wage. But in the long term it's hard to overcome the laws of supply and demand. Scarce resources just get allocated by some other means than price. The fastest way to lower Silicon Valley housing prices would be a really big earthquake. Or a North Korean missile strike. == topic economics ===== impact 0 impactrate 0 negative 0 posted 2020-01-27 reactrate 0 sharesrate 0 title European solutions to housing crisis topic economics wordrate 0 words 67 ID 1061463574198161 URL https://www.facebook.com/politicalscrapbooknet/posts/1061463574198161 impress 14 likeuimpress 10 likeuusers 10 oimpress 14 oreach 11 posted "01/27/2020 09:31:58 AM" reach 11 type Link ========== Raising the minimum wage would be the best single thing to do to improve the lives of Trump voters. But Trump donors make sure the Trumpist politicians in red states will never do any such thing. https://www.washingtonpost.com/opinions/2020/01/09/want-help-red-america-increase-minimum-wage/ And the Trump voters go along with it because they're willing to be distracted with guns, right-to-life, immigration, etc - all the things that big Trump donors don't really care about. And not everybody gets minimum wage! https://www.nytimes.com/2020/01/09/us/minimum-wage-tips-au-pair.html == topic economics 1 ===== impact 15 impactrate 0 negative 0 posted 2020-01-10 priority 1 ratio 7 react 2 reactrate 0 shares 1 sharesrate 0 sumclicks 1 title Raising the minimum wage would be the best single thing topic economics wordrate 0 words 77 ID 1047081418969710 URL https://www.facebook.com/politicalscrapbooknet/posts/1047081418969710 audclicks 1 audreach 1 engaged 1 impress 20 likeclickusers 1 likeuimpress 13 likeuusers 12 matchedotherclicks 1 oimpress 20 oreach 15 posted "01/10/2020 07:49:11 AM" postotherclicks 1 reach 15 sharesimpress 1 sharesusers 1 type Status ========== Permanent damage of recessions. https://www.washingtonpost.com/opinions/dont-root-for-a-recession-to-knock-out-trump/2020/01/06/eb1e2a40-30c9-11ea-9313-6cba89b1b9fb_story.html But nobody has found a way to defeat the business cycle. == topic economics ===== hide 1 impact 2 impactrate 0 negative 1 posted 2020-01-06 ratio 11 react 1 reactrate 0 sharesrate 0 title Permanent damage of recessions. topic economics wordrate 0 words 18 ID 1043737409304111 URL https://www.facebook.com/politicalscrapbooknet/posts/1043737409304111 hideclicks 1 hideclicksusers 1 impress 14 likeuimpress 9 likeuusers 9 negclicks 1 negusers 1 oimpress 14 oreach 11 posted "01/06/2020 05:33:25 PM" reach 11 type Link ========== More victims of automation and trade wars. Trump doesn't talk about railroad workers. Is deregulation a factor? https://www.washingtonpost.com/business/economy/railroads-are-slashing-workers-cheered-on-by-wall-street-to-stay-profitable-amid-trumps-trade-war/2020/01/02/dc757ed4-1603-11ea-a659-7d69641c6ff7_story.html == topic economics ===== impact 28 impactrate 0 likeimpress 6 negative 0 posted 2020-01-03 ratio 2 react 14 reactrate 0 shares 3 sharesrate 0 sumclicks 5 title More victims of automation and trade wars. topic economics wordrate 0 words 20 ID 1041019532909232 URL https://www.facebook.com/politicalscrapbooknet/posts/1041019532909232 audclicks 5 audreach 4 engaged 8 impress 42 likeclickusers 8 likeimpress 6 likeuimpress 35 likeusers 6 likeuusers 34 matchedlinkclicks 1 matchedotherclicks 4 oimpress 42 oreach 37 posted "01/03/2020 09:24:15 PM" postlinkclicks 1 postotherclicks 3 reach 37 sharesimpress 3 sharesusers 3 type Link