Ann Arbor (Informed Comment) – Bob Woodward’s new book of interviews with Trump and figures in his administration records how Trump told the reporter in mid-March that he plays down the coronavirus to avoid a panic. According to CNN, which obtained Woodward’s tapes, Trump said: “I wanted to always play it down. I still like […]
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Inequality
On Labor Day, Trump’s mismanagement of Pandemic has left 27 mn Unemployed and Turning to Food Banks
Ann Arbor (Informed Comment) – It is a sad Labor Day, in the shadow of the Trump Pandemic. Over a fourth of workers are afraid of losing their jobs because of the pandemic, up from 15% last year this time, according to Gallup. That is, the anxiety over joblessness has almost doubled. Many are much […]
Trump’s Metaphor of ‘Missing a Putt’ for Police Killings says everything about our spoiled Plutocrats
(Inequality.org) – Trying to keep up with the stunningly inappropriate — and worse — remarks of Donald Trump can sometimes seem a full-time job. Just this past week, for instance, we’ve seen the president seem to encourage voters in North Carolina to vote twice, once by mail and once by person, a felony under state […]
Fears Pandemic could Spur Dramatic Spike in Homelessness
By Jessica Myers (Luce Foundation: Southwest Stories Fellowship): ( Cronkite News) – PHOENIX – For more than three decades, André House just west of downtown has provided food, showers, temporary housing and other services to Arizonans experiencing homelessness or poverty. In the wake of the COVID-19 pandemic, the number of families seeking such services has […]
How Trump brought us 11.1% Unemployment, lost Manufacturing Jobs, worsened Trade Deficits and Kowtowed to China
Ann Arbor (Informed Comment) – Trump supporters often acknowledge that Trump’s personal style puts them off, but that they like his economic program. They agree that the trade deficit with China is too high and that the US should not let its manufacturing sector dwindle. The problem is that Trump’s rhetoric on those issues, like […]
The Triumph of Monopoly Capitalism is Hurting American Workers’ Life Expectancy
Southwest Harbor, Maine (Special to Informed Comment) – As summer comes to an end the economic news is strangely bipolar. Business Insider reported that From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion.. The journal might also have added that 40 million workers had filed for […]
When Did Democracy become a Partisan Issue? The Dilemmas of Late Neoliberalism
Southwest Harbor Maine (Special to Informed Comment) – Many US citizens take comfort in the conviction that progress toward democracy has been steady even if bitterly contested on occasion. Early in the post Revolutionary War period the right to vote was extended to all white men, even those who held no property. Women achieved the […]
Super-Rich making out like Bandits in Pandemic is an Argument for Basic Wealth Tax
By Lee Price and Bob Lord | – ( Inequality.org) – Changes in tax policy since 1980 have been driving U.S. inequality to levels not seen since the original Gilded Age. Reversing that trajectory — and restoring a more egalitarian society — will require a complete overhaul of the changes in tax policy we’ve seen […]
OK, Boomers: Will the America we die in be unprecedentedly Hot, Racist, Unequal, Sickly and Authoritarian?
( Tomdispatch.com ) – Let me be blunt. This wasn’t the world I imagined for my denouement. Not faintly. Of course, I can’t claim I ever really imagined such a place. Who, in their youth, considers their death and the world that might accompany it, the one you might leave behind for younger generations? I’m […]