Funny how Paul Krugman and Rush Limbaugh have something in common. Krugman wrong 98.7% of the time. Rush right 98.7% of the time. Seeing Krugman's prediction makes me feel a whole lot better about the equity markets taking a big hit today. The market will correct. It always does.
I am so happy daddy's back home, and he has brought us lots of presents!! Mommy has been a stupid, irrational and mean drunk.... making her even more miserable (than usual) to be around. It was a huge fight! I think I even heard daddy yell at her to not let the screen door hit her Keynesian ass on her way out.
Actually Israel has tariffs on US goods at 34% which is why we hit them with a 17% tariff. Trump is slapping tariffs on at ONLY half the rate of the countries impacted with a few exceptions. Not-so-great Brittan is at 10% either way as are Columbia, Turncoat err Turkey, Chile and Argentina.
The big bad mean Trump is actually treating them far better than they deserve.
China zaps us with 67% we should just cut the cord and not import from them period.
Krugman is the poster child for Alfred Nobel's descendants' petition to eliminate the Nobel Prizes for Peace and for Economics. Their contention is that neither is based on science. Case in point: everything Krugman has written is wrong.
It was certainly the case that by the time Japan started selling lots of small cars here, their cars were definitely superior to ours in build quality. Around 1970 there were lots of imported small cars such as Toyota Corollas, Datsun 510s, and Honda Civics buzzing around and they were MUCH better-made than the Pintos, Chevettes, Vegas, Gremlins, etc.
Yes, I found this out in the early 1980s when someone let me borrow her Toyota. As soon as I got behind the wheel it came to me: the people who designed this car really thought about it! The first thing that struck me: the controls for the radio were easily accessible to the driver, which I'd never seen in an American car, but there was a great deal more, and it all added up.
It's true enough that American car makers have greatly improved their products since then. But in the 1950s and 1960s they had gone to sleep, placing all their sales expectations on purely cosmetic design features, like the notorious Ford Edsel.
And what enabled that neglect and laziness was a lack of foreign competition, plain and simple.
It is worse than just laziness. The guy who put Japan in the car market was an American named Deming. He came up with a method for improving manufacturing consistency now called Total Quality Management. He tried to sell it to American car companies. Not a single one would adopt it. So he went to Japan and they ate it up. Then they ate our lunch.
It was also a reflection of the (Post War) enormously increased power of unions, which rejected out of hand any reforms that would have limited lifetime high paying employment. They still do - witness the LA Port inefficiencies compared to rest of world which employ robots and sophisticated electronics and far fewer humans.
Substituting labor intensive jobs for skilled (electronics or just not labor-based) jobs hasn’t been even up anywhere. There’s a reason LA is run differently to other ports.
I did not know that part. So I suppose that besides neglect and laziness, conceit was at work.
Historically, also, Japanese competence has been underestimated, and their capacity to catch up with, and even exceed, western technology. That's how to the western world's amazement, during the Russo-Japanese war of 1905 they destroyed two Russian fleets ... There can be little doubt that in Russia that disaster caused the unrest that culminated in the Revolution of 1917, and the rest is deplorable history which, however, cannot be blamed on the Japanese.
US car makers Management are still 1970s-stupid at times. Witness US auto makers STILL do this 2 years ago with the shortage of cheap $1 computer chips…. The Corporate pinheads used that excuse to limit car production and jack up profits per vehicle….
while genius Elon Musk (Afrikaner, so must be an Apartheid Nazi) guy got his software engineers to reprogram His cars named ‘Teslas’ (an Austria-Hungarian Empire [early WEF true multinational] draft dodger) to run on the much more costly $10 chip, and sell more cars than ever…
Correct. The bad times went right through the 80's. Remember the K cars? Was one of my first cars. It was the biggest piece of crap I ever owned. After that I bought Nissan's for the next 15 years. Then when US caught up I went back to GM.
Unfortunately most cars today have gone back to crap. There are so many recalls and some companies don’t even have a fix. Ask the Ram diesel owners whose trucks are at the dealership waiting for a fix while making their $900 lease/car payment in the meantime. With a pending class action lawsuit.
I remember when I was a kid, the "Big Three" - Ford, Chrysler, and General Motors - would put out commercials of the "new" versions of the various models in in the Fall with, as you said, "purely cosmetic design features" to try to get people to turn in their three- or four-year-old models for the "new" ones.
in my younger years (twenties and early thirties) had a honda civic, a chevy vega and a datsun 210. all three were purchased new. the civic and datsun were far superior...not even close. the civic was even better than the datsun but the vega was junk.
Loved my Datsun 260-Z, straight 6, could still see concrete when looking into the engine compartment. Girlfriend’s [Romney-daddy AMC] Pacer was garbage, never changed the #6 spark plug, would have to pull the engine to get access to it was so tight on the firewall. I think it w/b fun to restore one and take it to swanky valet restaurants now to watch all the Bentley owner’s cast envious glances at that beauty…
speaking of valet parking. when i was a young pup i was chasing this sweet little thing as we did. mid 70's. i was running at that time with the new car sales manager of the datsun dealership. on a saturday night we got two brand new 280z off the lot, picked up our two hotty dates and drove 70 miles to charlies crab in detroit. valet parking. went in to the bar and had the bartender call out on the pa for the dinning room: "reservations for dr.miller and dr. welch." remember these gals were smoking hot 10's. it was a gas for sure and racing down I-75 in those 280z was the best part. his was red and mine was green. swooosch!!!! that was 50 years ago lol.
Indeed, Shoveltusker! My family had to pry my hands from the steering wheel of my 2003 Corolla. I drove ‘Old Faithful’ for 22 years with regular service and gas and nary a mechanical failure. When the kids decided to go for an EV, they put me into their small Subaru SUV (‘Mom, you need to be up higher’ and ‘Old Faithful is wearing out.’) They keep a Toyota truck for work so all is well. I miss OF from time to time. She still had a lot of zip but not to look a gift horse in the mouth, I keep mine shut. She only had 78k miles (sob) the typical ‘Little old Lady from Carmel’ car. Sold in less than an hour at the local shopping center…
My first car was a 1962 Buick Skylark that my brother sold to me after he bought a Pontiac Firebird 400. While in the Navy in the late '70's, I bought a used 1976 Volkswagen Scirocco. That was when the Clean Air Acts of 1970 and 1977 hurt the sale of "muscle cars" - the Oldsmobile 442 and Starfire, Plymouth GTO, Dodge Charger R/T and GTX, Boss 429 Mustang, Chrysler 300F, and Chevrolet Impala SS among others. Along with the Clean Air Acts, the import of smaller, reliable vehicles, mostly from Japan and Germany, and the rise of the price of gasoline, started by the Arab Oil Embargo in 1973 and the Iranian Revolution in 1979, finished the sale and production of US "muscle cars".
i was listening to him once a few years ago (forgot the subject of course) and he predicted that the next day the dow would drop 100 points and it was because of something that that guy with three islamic names had said that morning...and he was right. indeed the dow did drop 100 points and obama took the heat. so one time, at one point for one reason...krugman was right about something.
How can someone be so wrong so many times and still maintain an audience and gainful employment. It seems those speaking to economics and investments get a pass.
q..."How can someone be so wrong so many times and still maintain an audience and gainful employment?"
well....joy behar, whoopie, joy reid, rachel maddow, david muer, alan colmes, jessica tarlov, aoc, maxine waters, sheila jackson lee......i could go on all day.
China uses all the loopholes they pay for through Mexico and Canada and that cannot be overstated - they infiltrate every sector of every strategic country including us and we need to know this.
All was the best we have ever seen in December 2019 and they unleashed the virus...
Having Krugman denounce your economic plan makes it almost a sure bet to be a winner.
If someone was completely bored, and had absolutely nothing better to do, they could compile a book of all of his economic articles, speeches, and forecasts together and name it:
“The most exciting game on the midway! Imagine the thrill of getting your weight guessed by a professional! You can blow up your cheeks, you can stick out your chest, but you're not going to fool the guesser. For one dollar, I'll guess your weight, your height, or your sex.”
Today's quiz must have been the easiest ever, because Paul Krugman has set a world record among economists in being wrong.
Two days after Trump's first election as president in Nov 2016, he predicted that this "irresponsible, ignorant man who takes his advice from all the wrong people" (meaning not HIM) would cause a "global recession, with no end in sight". Instead, the first Trump economy reached an annual growth rate of 3.6%, not seen since 1969.
During Biden's term, on Twitter on Jan 21, 2023, Krugman poked fun at people who "think inflation is still running wild"; while claiming a big "deceleration" of price-increases had already reduced it to "only 1.5%. But he admitted that this "deceleration" was: "excluding food, energy, shelter and used cars"
In other words, Bidenomics worked perfectly and Americans were doing just great as long as they stopped eating, used no gas or electricity, lived outdoors, and didn't drive. Homelessness turned out to be the most desirable lifestyle. Who knew?
All that and much more didn't stop him from warning in the NYT of Dec 18, 2023: "Beware Economists Who Won't Admit They Were Wrong".
Krugman is such a johnny-one-note hysteric. He identifies as what Tom Wolfe would call the "Village Explainer": the wise, brilliant, insightful, award-winning economist who gathers us grateful students at his feet to translate the complexities of macroeconomics in words that we ordinary folk can understand.
But if you follow his "takes" on economic policy for a decade or three, you notice that invariably he supports Democrats and is contemptuously dismissive of Republicans. He's nothing more than a well-credentialed partisan hack.
And this is why he is so often proved wrong. Partisanship makes even Nobel laureates stupid.
I didn’t realize just how much the rest of the world tariffs our products. You never see an American made car in Europe. I always thought it was because many of their roads are so much smaller and narrower than most of ours.
Watching ABC news last night one would think the end of the world is starting today. The market may be down a bit today and for the next few days but cutting off our dollars to others will have an effect on them and soon.
I’m just glad I don’t live in Albania. They couldn’t pull this off.
None of those independent polities will admit that we have subsidized their economies since WWII through foreign “aid” and our tolerance for their protected industries. And it’s NEVER enough. They resent and criticize Americans’ real generosity in the face of emergencies and yet demand more unconditional love in the form of more grift. Witness the fury over ending USAID payola. It’s never enough - just like any welfare system the beneficiaries always want more. And they don’t want to tell the payor where the money goes.
They have a Lot of Chinese companies on US stock market, allowing US capital to fund the Red Chinese. They don’t have to follow US SEC rules, so you know their Financial numbers are made up. Big International audit firms are in on the Grift. CPAs sold out to Big Public company Money - CPA Guild said not a Peep when the crooked ObamaCare plan was hatched….crickets…. on such a stupid political Grift.
Trump should send some of the Auditors to prison for not calling out such unproductive financial waste and fraud. For instance, remember Trump45 loved him some ‘REX’ Tillerson, who as Chairman of [multinational] Exxon and former BSA President, with the US Ernst & Young Chairman destroyed the US Boy Scouts….
Good to hear your vision is on the rise. Then again, you have (almost) always seen which way the winds blow if these essays of yours are any indication.
BTW I chose "Prove Krugman wrong" in today's poll. It's a low bar, I know, but I like to start the day with a sure thing.
In Stanton v Baltic Mining, decided in 1916, the Supreme Court said of the 16th Amendment:
""...by the previous ruling, it was settled that the provisions of the 16th Amendment conferred no new power of taxation but simply prohibited the previous complete and plenary power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged.."
Put simply, the 16th Amendment did not alter the Constitution in any way. Few people know and even fewer understand the implications. The way the income tax is applied is unconstitutional, but bringing that to the attention of a court is not a winning strategy.
Funny how Paul Krugman and Rush Limbaugh have something in common. Krugman wrong 98.7% of the time. Rush right 98.7% of the time. Seeing Krugman's prediction makes me feel a whole lot better about the equity markets taking a big hit today. The market will correct. It always does.
How hard can it be to be a Congressman or Senator? If you simply vote opposite the Dems, you’d be right 98.7% of the time.
And yet some of them still can't manage to do that.
PDJT just gave them a dressing down. I love when that happens.
04/03/25: What's the difference between Paul Krugman and the Miami Marlins?
A Miami Marlin last night was standing on 3rd base.
The score was tied in extra innings, one out.
A Marlin batter hit the ball on the ground to a Mets infielder.
The Marlin on third broke for home.
Out by ten feet.
That Marlin will probably not make that mistake twice.
Krugman's been trying to score from third base 400 hundred times since 2016.
And, each time, has failed.
Not even the NY Times could take it anymore.
I question your premise. How the hell would a dolt like Krugman get on 3rd base to begin with.
04/06/25 Because former Texas Governor Ann Richards gave him a Silver Spoon Certificate of Residency on 3rd Base when he was born.
I agree AD.
“Japan, South Korea and Israel are three more ingrates.” Israel was the first country to totally eliminate its tariffs against America, now 0%.
I am so happy daddy's back home, and he has brought us lots of presents!! Mommy has been a stupid, irrational and mean drunk.... making her even more miserable (than usual) to be around. It was a huge fight! I think I even heard daddy yell at her to not let the screen door hit her Keynesian ass on her way out.
The tariffs on bombs and missiles was about to bankrupt them.
Actually Israel has tariffs on US goods at 34% which is why we hit them with a 17% tariff. Trump is slapping tariffs on at ONLY half the rate of the countries impacted with a few exceptions. Not-so-great Brittan is at 10% either way as are Columbia, Turncoat err Turkey, Chile and Argentina.
The big bad mean Trump is actually treating them far better than they deserve.
China zaps us with 67% we should just cut the cord and not import from them period.
Krugman is the poster child for Alfred Nobel's descendants' petition to eliminate the Nobel Prizes for Peace and for Economics. Their contention is that neither is based on science. Case in point: everything Krugman has written is wrong.
Yet he is still and always was revered by the Left. But guess this makes sense since the more incompetent a Leftist becomes the more admired they are.
Truth.
I’m a simple guy. If Donald says they’re important and good for us; I’m all for them.
But I hasten to correct something you wrote, Don. Japanese products went thru a crap phase, but quickly outgrew that.
I was a machinist (and son of a hillbilly machinist) for 35 years (the last 30 as owner). When I first started I stayed away from
Mitutoyo tools in favor of Starrett and Brown & Sharpe, but soon learned that the Jap ones were as good as and eventually the best bang for my buck.
It was certainly the case that by the time Japan started selling lots of small cars here, their cars were definitely superior to ours in build quality. Around 1970 there were lots of imported small cars such as Toyota Corollas, Datsun 510s, and Honda Civics buzzing around and they were MUCH better-made than the Pintos, Chevettes, Vegas, Gremlins, etc.
Yes, I found this out in the early 1980s when someone let me borrow her Toyota. As soon as I got behind the wheel it came to me: the people who designed this car really thought about it! The first thing that struck me: the controls for the radio were easily accessible to the driver, which I'd never seen in an American car, but there was a great deal more, and it all added up.
It's true enough that American car makers have greatly improved their products since then. But in the 1950s and 1960s they had gone to sleep, placing all their sales expectations on purely cosmetic design features, like the notorious Ford Edsel.
And what enabled that neglect and laziness was a lack of foreign competition, plain and simple.
It is worse than just laziness. The guy who put Japan in the car market was an American named Deming. He came up with a method for improving manufacturing consistency now called Total Quality Management. He tried to sell it to American car companies. Not a single one would adopt it. So he went to Japan and they ate it up. Then they ate our lunch.
It was also a reflection of the (Post War) enormously increased power of unions, which rejected out of hand any reforms that would have limited lifetime high paying employment. They still do - witness the LA Port inefficiencies compared to rest of world which employ robots and sophisticated electronics and far fewer humans.
Those robotics rarely reduce the work force. You need people to operate them, maintain them and many more to move the product as production increases.
It's not unusual to see better pay as well because efficiency means profit.
Substituting labor intensive jobs for skilled (electronics or just not labor-based) jobs hasn’t been even up anywhere. There’s a reason LA is run differently to other ports.
I did not know that part. So I suppose that besides neglect and laziness, conceit was at work.
Historically, also, Japanese competence has been underestimated, and their capacity to catch up with, and even exceed, western technology. That's how to the western world's amazement, during the Russo-Japanese war of 1905 they destroyed two Russian fleets ... There can be little doubt that in Russia that disaster caused the unrest that culminated in the Revolution of 1917, and the rest is deplorable history which, however, cannot be blamed on the Japanese.
Ah, yes - the Japanese: inventors of the Mitsubushi "Zero" fighter and the type 93 "Long Lance" torpedo...
True. It wasn't laziness, but rather the U.S. auto unions would have never allowed the innovation wrought by Deming's labor and time saving methods.
US car makers Management are still 1970s-stupid at times. Witness US auto makers STILL do this 2 years ago with the shortage of cheap $1 computer chips…. The Corporate pinheads used that excuse to limit car production and jack up profits per vehicle….
while genius Elon Musk (Afrikaner, so must be an Apartheid Nazi) guy got his software engineers to reprogram His cars named ‘Teslas’ (an Austria-Hungarian Empire [early WEF true multinational] draft dodger) to run on the much more costly $10 chip, and sell more cars than ever…
Correct. The bad times went right through the 80's. Remember the K cars? Was one of my first cars. It was the biggest piece of crap I ever owned. After that I bought Nissan's for the next 15 years. Then when US caught up I went back to GM.
Unfortunately most cars today have gone back to crap. There are so many recalls and some companies don’t even have a fix. Ask the Ram diesel owners whose trucks are at the dealership waiting for a fix while making their $900 lease/car payment in the meantime. With a pending class action lawsuit.
I remember when I was a kid, the "Big Three" - Ford, Chrysler, and General Motors - would put out commercials of the "new" versions of the various models in in the Fall with, as you said, "purely cosmetic design features" to try to get people to turn in their three- or four-year-old models for the "new" ones.
in my younger years (twenties and early thirties) had a honda civic, a chevy vega and a datsun 210. all three were purchased new. the civic and datsun were far superior...not even close. the civic was even better than the datsun but the vega was junk.
Loved my Datsun 260-Z, straight 6, could still see concrete when looking into the engine compartment. Girlfriend’s [Romney-daddy AMC] Pacer was garbage, never changed the #6 spark plug, would have to pull the engine to get access to it was so tight on the firewall. I think it w/b fun to restore one and take it to swanky valet restaurants now to watch all the Bentley owner’s cast envious glances at that beauty…
speaking of valet parking. when i was a young pup i was chasing this sweet little thing as we did. mid 70's. i was running at that time with the new car sales manager of the datsun dealership. on a saturday night we got two brand new 280z off the lot, picked up our two hotty dates and drove 70 miles to charlies crab in detroit. valet parking. went in to the bar and had the bartender call out on the pa for the dinning room: "reservations for dr.miller and dr. welch." remember these gals were smoking hot 10's. it was a gas for sure and racing down I-75 in those 280z was the best part. his was red and mine was green. swooosch!!!! that was 50 years ago lol.
Indeed, Shoveltusker! My family had to pry my hands from the steering wheel of my 2003 Corolla. I drove ‘Old Faithful’ for 22 years with regular service and gas and nary a mechanical failure. When the kids decided to go for an EV, they put me into their small Subaru SUV (‘Mom, you need to be up higher’ and ‘Old Faithful is wearing out.’) They keep a Toyota truck for work so all is well. I miss OF from time to time. She still had a lot of zip but not to look a gift horse in the mouth, I keep mine shut. She only had 78k miles (sob) the typical ‘Little old Lady from Carmel’ car. Sold in less than an hour at the local shopping center…
My first car was a 1962 Buick Skylark that my brother sold to me after he bought a Pontiac Firebird 400. While in the Navy in the late '70's, I bought a used 1976 Volkswagen Scirocco. That was when the Clean Air Acts of 1970 and 1977 hurt the sale of "muscle cars" - the Oldsmobile 442 and Starfire, Plymouth GTO, Dodge Charger R/T and GTX, Boss 429 Mustang, Chrysler 300F, and Chevrolet Impala SS among others. Along with the Clean Air Acts, the import of smaller, reliable vehicles, mostly from Japan and Germany, and the rise of the price of gasoline, started by the Arab Oil Embargo in 1973 and the Iranian Revolution in 1979, finished the sale and production of US "muscle cars".
Agree , if they would move some of it back to Japan the quality would improve .
That should reassure everyone. Krugman has never been right about anything!
Had it not been for Fauci's fake flu, the economy wouldn't have "recovered" and we'd be in the longest economic boon in recent history.
i was listening to him once a few years ago (forgot the subject of course) and he predicted that the next day the dow would drop 100 points and it was because of something that that guy with three islamic names had said that morning...and he was right. indeed the dow did drop 100 points and obama took the heat. so one time, at one point for one reason...krugman was right about something.
It's also reported that he once said he was going to have eggs for breakfast and later actually ordered eggs, so twice in his life.
How can someone be so wrong so many times and still maintain an audience and gainful employment. It seems those speaking to economics and investments get a pass.
q..."How can someone be so wrong so many times and still maintain an audience and gainful employment?"
well....joy behar, whoopie, joy reid, rachel maddow, david muer, alan colmes, jessica tarlov, aoc, maxine waters, sheila jackson lee......i could go on all day.
...because his employers have been on the dole from USAID...? Could explain how a lot of these phony prognosticators keep failing up.
Because his followers are Democrats (and before he retired last year, New York Times readers), who have never understood basic economics.
Ever watch a weather forecast?
Ummm, MSN's Rachel Maddow?
Isn’t Krugman the genius who, back in 2016, said that if Trump were elected the stock market would crash and never recover? Yeah, let’s listen to him.
he sure did and he also said that when that happened china would invade taiwan. well, they may do that at some point but it didn't happen in 2016.
Great piece and perfectly placed SNARK, Don.
China uses all the loopholes they pay for through Mexico and Canada and that cannot be overstated - they infiltrate every sector of every strategic country including us and we need to know this.
All was the best we have ever seen in December 2019 and they unleashed the virus...
Having Krugman denounce your economic plan makes it almost a sure bet to be a winner.
If someone was completely bored, and had absolutely nothing better to do, they could compile a book of all of his economic articles, speeches, and forecasts together and name it:
“Paul Krugman’s Perfect Economic Score: 100% Wrong”
Lol Krugman. He'd make a great prognosticator at a third rate circus side show.
“The most exciting game on the midway! Imagine the thrill of getting your weight guessed by a professional! You can blow up your cheeks, you can stick out your chest, but you're not going to fool the guesser. For one dollar, I'll guess your weight, your height, or your sex.”
Or weatherman - can you think of any other profession that gets to keep their job while seldom being correct?
But he'd excell as the guy cleaning up the elephant poop
Today's quiz must have been the easiest ever, because Paul Krugman has set a world record among economists in being wrong.
Two days after Trump's first election as president in Nov 2016, he predicted that this "irresponsible, ignorant man who takes his advice from all the wrong people" (meaning not HIM) would cause a "global recession, with no end in sight". Instead, the first Trump economy reached an annual growth rate of 3.6%, not seen since 1969.
During Biden's term, on Twitter on Jan 21, 2023, Krugman poked fun at people who "think inflation is still running wild"; while claiming a big "deceleration" of price-increases had already reduced it to "only 1.5%. But he admitted that this "deceleration" was: "excluding food, energy, shelter and used cars"
In other words, Bidenomics worked perfectly and Americans were doing just great as long as they stopped eating, used no gas or electricity, lived outdoors, and didn't drive. Homelessness turned out to be the most desirable lifestyle. Who knew?
All that and much more didn't stop him from warning in the NYT of Dec 18, 2023: "Beware Economists Who Won't Admit They Were Wrong".
Krugman is such a johnny-one-note hysteric. He identifies as what Tom Wolfe would call the "Village Explainer": the wise, brilliant, insightful, award-winning economist who gathers us grateful students at his feet to translate the complexities of macroeconomics in words that we ordinary folk can understand.
But if you follow his "takes" on economic policy for a decade or three, you notice that invariably he supports Democrats and is contemptuously dismissive of Republicans. He's nothing more than a well-credentialed partisan hack.
And this is why he is so often proved wrong. Partisanship makes even Nobel laureates stupid.
Also, he is a shrill, sneering crapweasel.
04/03/25: Our best guess so far is that he's Rachel Maddow in male drag.
I didn’t realize just how much the rest of the world tariffs our products. You never see an American made car in Europe. I always thought it was because many of their roads are so much smaller and narrower than most of ours.
Watching ABC news last night one would think the end of the world is starting today. The market may be down a bit today and for the next few days but cutting off our dollars to others will have an effect on them and soon.
I’m just glad I don’t live in Albania. They couldn’t pull this off.
None of those independent polities will admit that we have subsidized their economies since WWII through foreign “aid” and our tolerance for their protected industries. And it’s NEVER enough. They resent and criticize Americans’ real generosity in the face of emergencies and yet demand more unconditional love in the form of more grift. Witness the fury over ending USAID payola. It’s never enough - just like any welfare system the beneficiaries always want more. And they don’t want to tell the payor where the money goes.
The first step in fixing our debt crisis should be ending all welfare including foreign aid.
A number of years ago we were borrowing money from China and giving them foreign aid at the same time.
We still do: how do you think the COVID virus was developed? China didn’t use their own money. And many more examples. They are not dopes.
How many of us borrow money on our HELOC to make charitable donations? I]we give to our church first but would never borrow to do so.
I know we are still giving them money, but I don't know about borrowing e. As I recall, their economy had a down turn.
We shouldn't give them a dime nor allow importation from them. Cut them off completely.
All the glowbull warming garbage has been used to make them the manufacturing center.
Biggest scam in decades.
They have a Lot of Chinese companies on US stock market, allowing US capital to fund the Red Chinese. They don’t have to follow US SEC rules, so you know their Financial numbers are made up. Big International audit firms are in on the Grift. CPAs sold out to Big Public company Money - CPA Guild said not a Peep when the crooked ObamaCare plan was hatched….crickets…. on such a stupid political Grift.
Trump should send some of the Auditors to prison for not calling out such unproductive financial waste and fraud. For instance, remember Trump45 loved him some ‘REX’ Tillerson, who as Chairman of [multinational] Exxon and former BSA President, with the US Ernst & Young Chairman destroyed the US Boy Scouts….
besides wanting to "know your enemy" give me a good reason you watch abc news?
if you have time.
if you were to guess.
Good to hear your vision is on the rise. Then again, you have (almost) always seen which way the winds blow if these essays of yours are any indication.
BTW I chose "Prove Krugman wrong" in today's poll. It's a low bar, I know, but I like to start the day with a sure thing.
The only thing that will end your Bentley dream is buying one.
Little-known fun fact:
In Stanton v Baltic Mining, decided in 1916, the Supreme Court said of the 16th Amendment:
""...by the previous ruling, it was settled that the provisions of the 16th Amendment conferred no new power of taxation but simply prohibited the previous complete and plenary power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged.."
Put simply, the 16th Amendment did not alter the Constitution in any way. Few people know and even fewer understand the implications. The way the income tax is applied is unconstitutional, but bringing that to the attention of a court is not a winning strategy.
Why is it "not a winning strategy"? Are the courts complicit?
💯
are you joking?
Well, are they complicit or not? Your coment is unclear to me.