Showing posts with label 2019. Show all posts
Showing posts with label 2019. Show all posts

Thursday, April 21, 2022

December 16, 2019: Trump Wins a Big Award for the Fifth Year in a Row

 

12/16/19: The votes are in and Donald J. Trump, without help from any foreign country, has won for a fifth year in succession. Politifact, a non-profit fact-checking site, recognizes him for telling the “Lie of the Year.”

This year, his winning whopper, oft-repeated, was saying that the whistleblower got his July 25 phone call “almost completely wrong.”

 

This was not Trump’s first win. In 2018 he shared the award with other liars on the right, after claiming that Parkland High School students who were calling for stricter gun control were “crisis actors.” 

The year before that he swept to victory by insisting that Russian meddling in the 2016 election was a “made up story,” a “witch hunt” and “a hoax.” 

That followed his epic win in 2016, when he repeatedly labeled any news story he didn’t like “fake news.” 

That win was part of what would become an impressive streak, since he also won in 2015, for his body of work (Politifact rated 76% of all of Candidate Trump’s claims partly false, false, or “pants-on-fire” false).

 

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IN A COURT FILING this week, lawyers for Purdue Pharma admitted that the Sackler family, which owns the company, had transferred at least $1.36 billion in profits to overseas accounts or affiliated companies. 

The parent company has filed for bankruptcy, to shield itself from 2,600 lawsuits. But the family will always have their memories. 

And at least $1.36 billion.

 

BLOGGER’S NOTE (4/21/22): Technically, Trump didn’t win in 2020, for “Lie of the Year,” but contributed mightily. The winning whopper was the “infodemic” surrounding the outbreak and spread of COVID-19. All the, “don’t worry, it’s only the flu,” “use hydroxychloroquine and you’ll be fine,” “don’t get the shots, your body will become magnetized,” lumped together, in what the site fact checkers called “junk science.” 

Still, Politifact wasn’t letting the president off the hook. “It was a symphony of counter narrative,” they noted, “and Trump was the conductor, if not the composer.” Trump and others contributed to the deaths of (soon to be) more than a million Americans. 

In 2021, the “Lie of the Year” went not to Trump, although “the election was stolen” lie seeded the field from which the winning lie bloomed. 

This time, the “Lie of the Year” was a collection of falsehoods related to the attack on Capitol Hill on January 6. For example, “it was really a false flag,” operation, or “FBI agents tricked the mob into going on a rampage,” or the people who attacked were really no worse than a group of ordinary tourists.

Monday, April 18, 2022

January 29, 2020: GDP Growth in 2019 Was 2.3 Percent - Federal Deficit Grows 50 Percent

 

1/29/20: The final numbers are in and the White House decides to brag: Gross Domestic Production (GDP) for 2019 increased by 2.3 percent. This was down from 2.9 percent growth in 2018; but still somehow reason to boast. Deficit spending, of course, has been a boost, with $1 trillion more spent during Fiscal Year 2019 than the federal government took in. 

Meanwhile, Secretary of Alchemy Steven Mnuchin promises that he and Trump have been right all along. Yes, Mnuchin promised Trump’s tax cuts would pay for themselves. No, they haven’t. Yes, the deficit has risen by 50%. Don’t worry. The tax cuts will pay for themselves! Soon. Like in…two more years. If we wait two more years and reelect Trump the magic will begin. 

If deficits continue to pile up, as the Congressional Budget Office predicts, the U.S. will eventually end up in a debt crisis, like Greece.



 

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THE U.S. POPULATION continues to gray. Barring a pandemic, as the trend continues, the strain on Medicare and Medicaid will begin to buckle the system. With the focus on the Iowa caucuses and the coming presidential election, The New York Times notes that Iowa is one of 27 states where the population over age 60 is growing and the population under 60 is shrinking. 

The number of Americans 65 years old and older is expected to nearly double, from 52 million in 2018 to 95 million by 2060. (This blogger expects to be dead by then. So, he doesn’t care; but his grandchildren will.) 

At that point, nearly 1 in 4 Americans, 23%, will be seniors. That means, if we keep piling up debt now, the next generations will be left with nothing more than giant piles of IOU’s signed, most recently, by Donald J. Trump and his Tea Party-Oh-Never-Mind Republican pals.