From Pine View Farm

Political Economy category archive

How Stuff Works, Trickle-On Economics Dept. 0

Frame One:  Woman to boss:  Now that you have your tax cut, how about my pay raise?  Frame Two:  Boss dissolves in laughter.

Via Job’s Anger.

Unilaterally Assured Destruction 0

Josh Marshall muses on Donald Trump’s views of a “deal.” A snippet; follow the link for the full article:

Trump doesn’t know he’s won until you lose. Indeed, that’s what winning is: making you lose.

Donald Trump as submarine captain looking through periscope.  He sees a ship labeled

Image via Job’s Anger.

The Pusher Men 0

A Picture Is Worth 0

Rat:  Instead of giving a tax cut to your big corporations and hoping it trickles down, why not give that exact same tax cut to the middle class instead and hope it floats up to all your big corporations?  We'll call it

Click for the original image.

Nothing Doing with the Do Nothings 0

Jay Bookman considers Donald Trump’s unconstitutional (yes, “unconstitutional”!) actions on tariffs and the feckless and irresponsible reactions of the Republican Congress. A snippet:

So if this (the power to impose tariffs–ed.) is a “disaster,” “a big mistake,” a possible prelude to another “Great Depression,” how do these Republicans intend to respond to protect the country? What are they going to do to carry out their duty to act as a check and balance on a chief executive whom they clearly believe is steering the country in a dangerous direction?

The answer is: Not a damn thing.

Clearly, they have the authority to intervene. The Constitution gives Congress, not the president, “Power To lay and collect Taxes, Duties, Imposts and Excises.” If Trump has the authority to unilaterally impose these tariffs without congressional oversight, it is only because previous Congresses delegated that power to previous presidents, trusting that they would be responsible and sane in how they used that authority. If you do not believe that the current president is using it in that fashion, then that delegation of power should be withdrawn.

Follow the link for the complete article.

Uncle Sam, with a confused look in his face, holds a paper labeled

Image via Job’s Anger.

The Cycle 0

Wall Street Tools 0

Mitch McConnell looking a cage containing fearsome monster labeled

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A Lethal Combination 0

Robert Reich considers what led to the Trumpling and concludes that there were two main ingredients in a toxic stew. Neither alone is a sufficient explanation, but which together boiled reacted like baking soda and vinegar. A snippet:

One explanation focuses on economic hardship. The working class fell for Trump’s economic populism.

A competing explanation — which got a boost this month from a study published by the National Academy of Sciences — dismisses economic hardship and blames it on whites’ fear of losing status to blacks and immigrants. They were attracted to Trump’s form of identity politics: bigotry.

(snip)

Yet the truth isn’t found in one explanation or the other. It’s in the interplay between the two.

Follow the link for the rest.

The Return of Smoot-Hawley 0

It’s deja vu all over again.

The Art of the Con 0

Frame One:  Donald Trump and a pig in a business suit labeled

Via Job’s Anger.

Doing the Arithmetic 0

Two men look at crowd of demonstrating teachers.  One says,

Via Job’s Anger.

Ryan’s Derp 0

Paul Ryan say,

Via Juanita Jean.

The Pusher Men, Goldman’s Sacks Dept. 0

Thom explains that, for Big Pharma profits, a cure is worse than the disease.

The Galt and the Lamers 0

Title:  Ryan Shrugged.  Image:  Young child holding huge boulder of

Via Job’s Anger.

No Raise for the Weary 0

And this surprises you how?

Extinct 0

Man and woman visiting the

Via Job’s Anger.

“The Art of the Flail” 0

Paul Krugman.

Down on the Farm 0

Title:  What Is This Famous Farm Couple Thinking?  Image:  Representation of the

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Nose. Spite. Face. 0

Paul Krugman discusses the economic divide that powers Trumpery and Republicanism. He points out how voting for Donald Trump and his enablers and sycophants is likely to have precisely the opposite effect that his supporters desire. A snippet:

And when it comes to national politics, let’s face it: Trumpland is in effect voting for its own impoverishment. New Deal programs and public investment played a significant role in the great postwar convergence*; conservative efforts to downsize government will hurt people all across America, but it will disproportionately hurt the very regions that put the GOP in power.

This, of course, is why the Republican Party focuses so much on cultural issues and the politics of hate. They know their economic goals cannot pass muster.

Follow the link for the complete article.

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*That is, between poorer and richer states after the Depression and up till Reaganomics.

WYSIWYG 0