Archive for the ‘Economics’ Category

Speaking at the South Carolina plant in February, Trump promised a crowd of assembly workers, managers and executives that “jobs is one of the primary reasons I’m standing here today as your President, and I will never, ever disappoint you.” Nevertheless, Boeing are laying off workers at the plant are part of a company-wide plan to cut jobs that was announced in December. Robert Reich’s Inequality Media video explains why Trumponomics is pure fantasy.

Source: Perspectives: CNN Money — Boeing factory where Trump delivered jobs speech to lay off 200 workers (VIDEO)


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Trickle-down economics doesn’t work. Build-up economics does (VIDEO)

Source: Perspectives: Robert Reich — The Great State Tax Experiment VIDEO)


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Amazon’s purchase of Whole Foods is being described as the deal of the century.

Source: Perspectives: The Atlantic — Why Amazon Bought Whole Foods


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This means Amazon is now going to compete head on with Walmart, as well as Target, Costco, and Kroger (all of whose stock prices tumbled on the news). Within 10 years, they’ll all be gone. Amazon is on the verge of owning American retailing.

Source: Perspectives: Washington Post — Amazon to buy Whole Foods Market in deal valued at $13.7 billion


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“Trump’s infrastructure plan is the exact opposite of what we should be doing as a nation. Instead of creating more tax giveaways to corporate America and Wall Street, we should be eliminating tax loopholes that allow profitable corporations to stash their cash in offshore tax havens around the world. And we should be using this revenue to directly invest $1 trillion to modernize our nation’s infrastructure – a plan that would put 15 million Americans back to work in good-paying jobs,” U.S. Senator Bernie Sanders.

Source: Perspectives: Vox — Bernie Sanders releases a blistering report on Donald Trump’s infrastructure package


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Robert Reich, writing for The Guardian on Trump’s infrastructure scheme, says “America’s infrastructure is in dire need of investment. But nothing Trump is proposing will do anything to help.”

Source: Perspectives: Scam alert: Trump’s $1tn ‘infrastructure plan’ is a giveaway to the rich


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“Remember 2008? Lots of regulations were put into place to make sure that doesn’t happen again. But the banking lobby doesn’t like Dodd-Frank, and remarkably, neither does the GOP.” — News And Guts

Source: Perspectives: Vanity Fair — While Everyone Was Obsessing Over Comey, Republicans Passed A Bill To Kill Dodd-Frank


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