Sunday, June 26, 2022

September 6-8, 2017: Regulating Big Business - Not Really a Bad Idea

 

9/6/17: Trump heads to North Dakota to talk about his tax plan. It’s the best tax plan in the history of tax plans. Okay, true: The plan is expected to add $1.5 trillion to the federal deficit over ten years. Why worry! The economy will boom! The cuts will pay for themselves!!! (See: 9/26/17.) 

Meanwhile, a Republican-controlled U.S. Senate passes a $700 billion National Defense Authorization Act. Republican Senator Bob Corker notes that this is $83 billion more than Congress agreed to when it put in place spending caps while President Obama was still in office. 

Deficit-schmeficit. The GOP no longer cares about red ink! 

It’s 2001 again, when GOP “fiscal hawks” stopped swooping and diving and decided to fight a war, then a second, and still cut taxes. When George W. Bush took office, the U.S. had run a surplus of $128 billion the previous fiscal year – and for four years in succession under Bill Clinton.

 

Despite those GOP tax cuts, which were absolutely going to cause the U.S. economy to boom, what was the situation when W. left the White House? By fiscal year 2009, including policies implemented before Obama took over, the deficit had ballooned to $1.4 trillion. Counting debt service, it was $1.6 trillion. 

Who “inherited a mess?” 

Obama. (See: 9/26/17.)

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9/7/17: We all know how much the GOP loves Big Business and how much the GOP hates regulating same. For example, we would live in utopia if Republicans could kill the Consumer Protection Agency. Then Equifax and other credit-rating companies could do their jobs with skill and speed and… 

Equifax reports  a massive breach when hackers crack their system and steal the personal data of 143 million Americans.

 

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NO SWEAT! The Department of Justice is on the case! I mean, the case involving the baker who doesn’t want to bake a wedding cake for gays. I hope nobody stole the baker’s identity, or the identities of the two gentlemen who wanted the cake.

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9/8/17: You know what this country needs! Less government regulation! We don’t need to regulate drug companies. Drug companies only want to help us with our sad sex lives. Here, have some Viagra! 

If you watch a lot of Fox News you know government is always the problem, especially when courts are processing a rash of sexual harassment cases against Fox owners, anchors, and hosts. 

On this day we get fresh evidence. You can always trust the Big Business folks! We learn that Equifax was hacked five months ago but didn’t take the necessary steps to protect itself and its (your) data. By keeping the hack quiet, company executives were able to use their time wisely and sell any Equifax stock they owned, before prices tanked, to suckers. 

 

Russian trolls aimed to undercut American democracy. 

Also on this day: Facebook admits Russian trolls bought ads and created countless fake personal accounts and issue pages, all in an effort to swing voters during the 2016 campaign. Their two main goals: First, undercut faith in American democracy. Second, insure defeat for Hillary Clinton. 

Take Melvin Reddick of Harrisburg, Pennsylvania. Pictured on Facebook, you could see him, baseball cap turned backwards, holding a cute little girl. You could read posts from Melvin like this one on June 8, 2016: “These guys show hidden truth about Hillary Clinton, George Soros and other leaders of the US. Visit #DCLeaks website. It’s really interesting.” 

Not only was Reddick not a real person, the DCLeaks website was created by the Russians.



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