Economy

With McCain And Cochran’s Support, The GOP Budget Is Closer To Reality (Video)

With McCain And Cochran’s Support, The GOP Budget Is Closer To Reality (Video)

Tuesday was one of those “roller coaster” days in Washington. Here are some highlights: Senators Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) reached a limited deal to stabilize health care markets and preserve the cost-sharing reduction subsidies President Donald Trump canceled last week via executive order. A federal judge in Hawaii blocked the latest incarnation of Trump’s travel […]

Thanks To Senate Democrats, Obamacare Is Saved Again–Until The Next Fight (Video)

Thanks To Senate Democrats, Obamacare Is Saved Again–Until The Next Fight (Video)

Sometimes, even in these precarious times of stress and uncertainty, there is cause to breathe an occasional sigh of relief. Some bad news from late last week was that President Donald Trump issued an executive order ending subsidies that currently allow low-income Americans to purchase healthcare from the Affordable Care Act (Obamacare) marketplace exchange. Blaming […]

Trump Uses Executive Order To Undermine Healthcare (Video)

Trump Uses Executive Order To Undermine Healthcare (Video)

Republicans failed yet again to “repeal and replace” the Patient Protection and Affordable Care Act (ACA), aka Obamacare, with the “Graham-Cassidy-Johnson-Heller” health care bill last month. In response, Senate Minority Leader Charles Schumer (D-NY) told President Donald Trump repeal and replace is “off the table.” Now it seems the president is hell bent on using […]

Cutting Taxes For The Wealthy Does NOT Help The Economy–Here’s Why (Video)

Cutting Taxes For The Wealthy Does NOT Help The Economy–Here’s Why (Video)

Tax cuts. The very mention of them sends shivers down conservative and progressive spines. Progressives take issue with their tax dollars helping to perpetuate a military industrial complex and subsidies to fossil fuel corporations, while conservatives and Tea Partiers rail against social safety nets like food stamps, Medicare, and Medicaid. The proposed budget Republicans unveiled last […]

Schumer To Trump: Repeal And Replace Is ‘Off The Table’ (Video)

Schumer To Trump: Repeal And Replace Is ‘Off The Table’ (Video)

It has been almost one year since Donald Trump was elected the 45th president of the United States, and nine months since he took office. In that amount of time, Trump has accomplished none of the major campaign promises he vowed to his base on the campaign trail. For progressives and his other opponents, this […]

Federal Court Judge Stops The Interior Department’s Assault On Obama’s Methane Rule (Video)

Federal Court Judge Stops The Interior Department’s Assault On Obama’s Methane Rule (Video)

It’s been said we are a nation of laws. In the Trump era, resistance does not only come from protesters marching with signs and slogans. It also comes from the courts. On Wednesday, San Francisco federal judge Elizabeth Laporte ordered the Interior Department to reinstate a regulation former President Barack Obama instituted to restrict harmful methane […]

For The First Time In 7 Years, The U.S. Economy LOST Jobs – Thanks A Lot, Donnie!

For The First Time In 7 Years, The U.S. Economy LOST Jobs – Thanks A Lot, Donnie!

When he was campaigning for the presidency, Donald Trump repeatedly said he was going to bring millions of jobs back from overseas and create millions more new ones. He promised that Americans would win so much that they would get tired of winning. But the winning ended Friday when the Labor Department announced that for […]

Studies Show Climate Change Is LITERALLY Draining The Economy (Video)

Studies Show Climate Change Is LITERALLY Draining The Economy (Video)

If there’s anything consistent about the right, it’s that it believes economics are at the crux of every political, professional, personal, social, and environmental decision. The “free market,” they say, “will solve all that ails us.” Of course money is important, and we would be remiss if we did not consider the economic costs of […]

Trump’s ‘Tax Reform’ Would Break Several Campaign Promises – Surprise!

Trump’s ‘Tax Reform’ Would Break Several Campaign Promises – Surprise!

Wednesday was officially “tax reform” day for President Trump and Congressional Republicans. Having failed to repeal the Affordable Care Act, the GOP is moving on to a measure which may not have any better chance of passing. During the 2016 campaign, Trump made lots of promises regarding taxes and what he’d do if elected. But […]

It’s True, Mr. President–Your Predecessor Left You A Growing Economy (Video)

It’s True, Mr. President–Your Predecessor Left You A Growing Economy (Video)

It might not appear so with all the controversy swirling around President Donald Trump’s nascent administration, and who knows how long it’s going to last under Trump, but according to Tuesday’s Census Bureau report, in 2015, the American middle-class and poor experienced the best year of economic improvement in decades. Two years ago, median household income was $56,500 compared […]

Trump Says Recent Hurricanes Are Proof Tax Cuts Are Needed (TWEETS)

Trump Says Recent Hurricanes Are Proof Tax Cuts Are Needed (TWEETS)

As residents of both Texas and Florida attempt to rebuild their lives after the damage inflicted by Hurricanes Harvey and Irma, President Trump thought it would be the perfect time to start urging Congress to act on tax cuts for the richest Americans. And he even tried to use the hurricanes to make his point: […]

The Reason Trump Accepted The Dem Debt Ceiling Deal Will Leave You Shaking Your Head

The Reason Trump Accepted The Dem Debt Ceiling Deal Will Leave You Shaking Your Head

Earlier this week, shortly after President Trump agreed to a three-month extension of the debt ceiling–a deal he cut with Congressional Democrats, completely leaving Republicans out of the process–right-wing propaganda site Breitbart featured this headline: “Conservatives Furious After Trump Cuts Debt Ceiling Deal With Nancy Pelosi, Chuck Schumer” Why, Republicans began asking, did Trump decide to […]

Study Finds Climate Change Costs Will Hit Trumplandia The Most

Study Finds Climate Change Costs Will Hit Trumplandia The Most

As you sit here reading this, Hurricane Harvey is inundating Texas. This is pretty ironic–and poignant–considering a new study published in Science magazine titled “Estimating Economic Damage from Climate Change in the United States” finds the Southeastern states, the ones that voted overwhelming for President Donald Trump, are the most vulnerable to the expensive impacts of anthropogenic climate change. The study discusses […]

Trump Ends Manufacturing Advisory Board With Embarrassing Announcement (TWEETS)

Trump Ends Manufacturing Advisory Board With Embarrassing Announcement (TWEETS)

Amid a number of CEOs exiting the groups since this past weekend, President Donald Trump announced on Twitter Wednesday afternoon that he was ending his beleaguered manufacturing councils. Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all! — Donald J. Trump […]

Evangelicals Blame Poor People For Poverty (VIDEO)

Evangelicals Blame Poor People For Poverty (VIDEO)

New research from the Journal of Religion and Health shows that Evangelicals are more likely to vote Republican and to be more irrational. They have been conditioned by their religion to be more irrational. They also tend to be against the LGBT community, African-Americans, Muslims, and against women controlling their own bodies. The religion has become […]

Desperate For A Win, Trump Now Begging Dems To Help Pass Tax Cuts

Desperate For A Win, Trump Now Begging Dems To Help Pass Tax Cuts

Even though Republicans control both the House and Senate, they’ve been unable to pass a single piece of significant piece of legislation during President Trump’s first 200 days in office. The White House and Congressional Republicans are now so desperate for a victory that they’re reaching out to some moderate Democrats as they prepare to […]

We Can’t Afford To Feed Our Poor–But We Hand Big Oil $5 Trillion A Year (VIDEO)

We Can’t Afford To Feed Our Poor–But We Hand Big Oil $5 Trillion A Year (VIDEO)

Despite the solar industry outpacing fossil fuel companies, growing 12 times faster than the overall economy, we may never shake our national addiction to fossil fuels so long as we continue to subsidize big oil to the tune of five trillion dollars a year, 6.5% of global GDP. According to a study in the journal World Development, subsidies […]

Republicans Attempted To Defund The CBO – Because They Didn’t Like The Numbers (VIDEO)

Republicans Attempted To Defund The CBO – Because They Didn’t Like The Numbers (VIDEO)

The Congressional Budget Office survived two major assaults on its existence earlier this week. The House of Representatives considered two amendments to a spending bill Wednesday that would have crippled the CBO’s funding and staff. Both were introduced by members of the ultraconservative House Freedom Caucus. One measure introduced by Rep. Scott Perry (R-Pa.) would […]

NY Attorney General Vows To Sue If Republicans Repeal The ACA (VIDEO)

NY Attorney General Vows To Sue If Republicans Repeal The ACA (VIDEO)

Republicans have failed to repeal the Affordable Care Act, aka “Obamacare”–again. After being unable to obtain the requisite votes in the Senate to revoke health insurance from over 20 million people in what was nothing more than a tax break for the wealthy disguised as health care reform, the GOP has returned to its corner to lick […]

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