It’s for show, folks. “Ever since President Donald Trump signed a massive corporate tax cut into law last month, some of the biggest American companies have been touting pay increases as evidence of profits translating into meaningful gains for workers. But there’s a problem with this spin: Nearly all of the companies involved, from Walmart to Wells Fargo, were wildly profitable before the legislation passed, and the benefits they’re now promoting constitute just a tiny fraction [of] those profits.”
President Trump says the stock market shows what a success he has been. “The Dow Jones Industrial Average fell 363 points Tuesday, its second straight day of triple-digit declines and worst day since August, amid a slide in health-care shares and worries over rising bond yields.” It’s a dangerous game he is playing; stocks go up, and they go down.
The GOP shows no spine in defending democratic norms. “Seldom has a congressional committee launched such a frontal assault on the FBI and Department of Justice. It’s been more common for oversight panels to be criticized for excessive coziness with the executive-branch agencies they regulate.” Imagine if Democrats did this under President Barack Obama.
It shows you don’t need immigrants to be anti-immigrant. “If you start in rural New England and drive down into Appalachia or across into the Upper Midwest you will be driving through county after county with few immigrants. These rural places are often 95 percent white. These places lack the diversity restrictionists say is straining the social fabric. … Restrictionists are stuck in a mono-cultural system that undermines their own values: industry, faithfulness and self-discipline. Of course they react with defensive animosity to the immigrants who out-hustle and out-build them. You’d react negatively, too, if confronted with people who are better versions of what you wish you were yourself.” Ouch.
Rarely has the anti-immigration crowd showed its hand so openly. It’s legal immigration they oppose. And even Republicans don’t like it one bit: “ ’The idea of cutting legal immigration in half and skewing the green cards to one area of the economy, I think, is bad for the economy,’ [Sen. Lindsey O.] Graham said, referring to the administration’s broad pitch to shift to a merit-based immigration system. ‘Not a whole lot of support for that. I want more legal immigration, not less.’ On the administration’s proposal to restrict legal immigration, Sen. Mike Rounds (R-S.D.) said: ‘We can agree to disagree to begin with, but we still get to write it.’ ”
It shows that there is nothing the GOP won’t do to prostrate itself before Trump. “The [Nunes] memo itself is far less important than the fact that GOP Congressmen are now at war with our own law enforcement and intelligence community, something in a lifetime of being a Republican I never expected to see. This will end badly.”
Goes to show, Europe is “winning,” not the United States. “Economic growth in the 19 countries that use the euro currency was 2.5% in 2017, according to official data published Tuesday. Growth in the 28-member European Union also reached 2.5% last year. It’s the best period of growth for both groupings since 2007, putting Europe just ahead of the 2.3% expansion posted by the U.S. in 2017.”