From Pine View Farm

Political Economy category archive

A Helping Hand 0

Frame One:  Paul Ryan wearing overcoat labeled

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Seasonal 0

Man says to woman as they sit on couch in front of huge Christmas tree with piles of gifts:

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The Christmas Grift 0

Title:  The Gift of the MAGA.  Image:  Three men on camels labeled

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Tit for Tat 0

Jay Bookman offers a theory as to why the Republican Party went all in for the tax deform bill. A snippet:

My conclusion is that they fear their own donors more than they fear the American voter. And that’s a helluva thing. Republican leadership believes that if they reward their donor class with this tax bill, that donor class will return the favor with billions of dollars in campaign cash that can be used to distract, delude and dazzle. To put it bluntly, they are betting their careers and power on the belief that the United States of America is no longer a democratic republic but effectively a plutocracy.

In related news, Robert Reich runs the numbers.

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“By Force and Fraud” 0

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“Stand and Deliver” 0

Josh Marshall tries to make sense of the Republican Party’s rush to rape the middle and lower classes with its tax bill. A snippet (emphasis added):

You can see this writ large and small through the passage of this bill. Tax reform in any real sense has as a primary goal – perhaps the primary goal – reducing the ways in which different kinds of income or income that is structured in different ways get taxed at different rates. This bill does the exact opposite. What this means is that the effect of the bill will be an initial period of confusion (when people try to figure out their tax liabilities) followed by a bonanza for those who are the most aggressive and canny about exploiting these complexities for tax avoidance. After the confusion/bonanza cycle plays out you eventually settle down to an economy filled with inefficiencies and distortions which an effective tax regime should attempt to limit and in which the super wealthy benefit more at the expense of everyone else. ‘Reform’ is an inevitably plastic concept. But in any sense of what ‘tax reform’ has ever meant, this is the precise opposite.

The Republican tax deform bill is to the poor and middle class what Harvey Weinstein was to women.

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Qui Bono? 0

Thom looks at the effects of the Republican tax deform bill.

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Members Only 0

Frame One:  Couple looking at newspaper with headline,

Via Job’s Anger.

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Suffer the Children 0

In related news, Will Bunch comments on Republican profiles in courage:

To anyone who insists there’s no such thing as an honest Republican, I present you with Rep. Tom Cole of Oklahoma. Cole went on CNBC the other day to confess that he doesn’t know much about the economics of the massive tax overhaul he’s about to vote for – and that what little he does understand, he doesn’t much like. But he said he understands the most important thing is to not cross his tribe.

More courageousness at the link.

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Republican Tax Deform in Con-Game-Text 0

Man reading from book of fairy tales to daughter:  And the big corporations kept their tax cuts and used them to create jobs.


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How Stuff Works, Legislation Republican Style 0

Child to Proposed Bill:  Hey, Mr. Tax Bill, how do you become a law anyway?  Mr. Tax Bill:  Oh, it's quite simple, really.  First,, some rich people think they should be even richer, so they call Congressman and he says,

I submit that, based on their behavior in attempting to get their bills through Congress, a strong argument can be made that Republicans no longer are a “party.” They are a conspiracy.

Via Job’s Anger.

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The Galt and the Lamers 0

Paul Krugman tries to make sense of the Republican rush to enrich those who already have more money than they can use. A snippet (emphasis added):

Today’s Republicans are apparatchiks who have spent their whole lives inside an intellectual bubble in which cutting taxes on corporations and the rich is always objective No. 1. Their party used to know that it won elections despite its economic program, not because of it — that the whole game was to win by playing on social issues, national security and above all on racial antagonism, then use the win to push fundamentally unpopular economic policies. But over the years the party has seemed increasingly out of touch with that reality, imagining that if only it preaches the gospel of supply-side economics loudly enough voters will be won over.

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Cashing in the CHIP 0

Title:  Funding for CHIP.  Image One:  Child on life support in hospital bed labeled,

Via Juanita Jean.

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Souls for Sale 0

What the Booman said.

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A (Republican) Christmas Carol 0

Scrooge looks on as Bob Cratchit grieves at Tiny Tim's grave and says,

Via Job’s Anger.

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Sucklers at the Public Teat 0

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Putting the “Trick” in Trickle-Down 0

Three persons with their arms out.  One says,

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Republican Economic Theory: A Parable 0

Teacher:  Okay, children!  Pass aroung these styrofoam balls you can use to make your solar system models.  Student, querolously:  Syrofoam balls?   This seems suspiciously extravagant, Ms. Foster.  Donald Trump bursts through door saying,

Via Job’s Anger.

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The Mythbegotten 0

At The Bangor Daily News, Gordon L. Well reviews some of the myths and mythrepresentations surrounding the Republican tax deform bill. Here’s a bit of his article:

Myth 3.

The tax bill was given careful consideration.In fact, the bill was passed in the House and Senate in a hurry, though there was no need to rush. But the GOP wants at least one big legislative win in 2017 to show it was worth turning the entire federal government over to them.

If merely having a bill was more important than what it contained, they will have succeeded. That approach opened the way to all the special interest deals in the middle of the night.

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Newspeak, GOP Style 0

Plutocrats raiding the U. S. Treasury.  One says to man wearing MAGA hat,

Via Job’s Anger.

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