Tag Archives: street

Quote of the Day #2: Tax Plans

Mother Jones

The Wall Street Journal provides an example of the criticism leveled at Donald Trump’s press operation:

Some Trump advisers have also questioned the judgment of communications officials, citing as an example the rollout of a tax-plan outline in April that featured Goldman Sachs alumnae Steven Mnuchin, the Treasury secretary, and Gary Cohn, the National Economic Council director.

“The left is automatically going to say the tax plan is tailored to the rich and to Wall Street. And we just gave them an image of the rich and of Wall Street,” one Trump former campaign official said.

First off, who else is going to roll out a tax plan? The Secretary of Defense?

Second, the left isn’t automatically going to say the tax plan is tailored to the rich and to Wall Street. We’re going to say that if it actually is tailored to the rich and to Wall Street. But the confusion here is easy to understand since Republican plans are always tailored to the rich and to Wall Street. That makes it hard to parse responses from the left, I suppose.

See the original article here:

Quote of the Day #2: Tax Plans

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The pope’s gift to Trump is the subtlest shade we’ve seen all week.

If cities are the future of sustainability, they can’t only be green — they have to be livable, too. Enter Ritchie Torres, New York City’s youngest elected official, hell-bent on making the city more affordable for its most vulnerable inhabitants. Torres, who is Afro-Latino and the first openly LGBT politician from the Bronx, cut his political teeth as a tenant organizer. He ran for city council in 2013 at the behest of a mentor who saw potential in the self-described introvert — and won.

The young councilman’s driving issue is affordable housing, because, he says, “there can be no city without housing.” Torres grew up in Throggs Neck public housing directly across the street from Donald Trump’s golf course — as Torres puts it, with Trump’s shadow hanging “both literally and metaphorically over public housing.”

Torres is taking on the health, safety, and sustainability of public housing in New York from all angles: eliminating mold infestation, requiring more carbon-conservative building materials, and creating the first LGBT youth shelter in the Bronx.

For those young people who may feel inspired to seek political office themselves, Torres provides these words of encouragement: “The lesson from 2016 is that millennials are more powerful than we realize — it was the only ray of hope in an otherwise dark election year.”


Meet all the fixers on this year’s Grist 50.

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The pope’s gift to Trump is the subtlest shade we’ve seen all week.

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Trump wants to slash money for food and farming.

If cities are the future of sustainability, they can’t only be green — they have to be livable, too. Enter Ritchie Torres, New York City’s youngest elected official, hell-bent on making the city more affordable for its most vulnerable inhabitants. Torres, who is Afro-Latino and the first openly LGBT politician from the Bronx, cut his political teeth as a tenant organizer. He ran for city council in 2013 at the behest of a mentor who saw potential in the self-described introvert — and won.

The young councilman’s driving issue is affordable housing, because, he says, “there can be no city without housing.” Torres grew up in Throggs Neck public housing directly across the street from Donald Trump’s golf course — as Torres puts it, with Trump’s shadow hanging “both literally and metaphorically over public housing.”

Torres is taking on the health, safety, and sustainability of public housing in New York from all angles: eliminating mold infestation, requiring more carbon-conservative building materials, and creating the first LGBT youth shelter in the Bronx.

For those young people who may feel inspired to seek political office themselves, Torres provides these words of encouragement: “The lesson from 2016 is that millennials are more powerful than we realize — it was the only ray of hope in an otherwise dark election year.”


Meet all the fixers on this year’s Grist 50.

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Trump wants to slash money for food and farming.

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Donald Trump Remains Puzzled About West Wing Chaos

Mother Jones

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It’s time for the latest Donald Trump pivot. The Wall Street Journal reports that the crisis in Syria “has sharpened Mr. Trump’s desire to cut some of the drama out of his West Wing.” He’s finally going to get presidential!

President Donald Trump is considering a major shake-up of his senior White House team, a senior administration official said Friday….In recent days, he has talked to confidants about the performance of chief of staff Reince Priebus and has asked for the names of possible replacements….Another top aide who could be removed or reassigned in a shake-up is Steve Bannon, chief strategist, who has been sparring with Jared Kushner, the president’s son-in-law and one of his closest advisers.

In fairness, Trump can’t fire himself, but is he really so clueless that he doesn’t realize the infighting springs directly from his own chaotic personality, not from the folks around him? If he provided clear direction on both policy and communications—and stopped tweeting random crap all the time—things would calm down fast.

But he’ll never figure that out.

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Donald Trump Remains Puzzled About West Wing Chaos

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Inflation Finally Starting to Hit Healthy Levels

Mother Jones

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It’s finally happened. The PCE measure of price inflation has breached the 2 percent barrier:

Over at the Wall Street Journal, Eric Morath comments: “That is a healthy signal for the economy, showing excess capacity and high unemployment that long held inflation near historically low levels have finally abated. Firmer inflation could give Fed policy makers leeway to consider additional interest-rate increases this year.”

That’s a refreshing change from the usual reaction of “ZOMG! Inflation is nearing 2 percent!” Nonetheless, like a broken record, I’ll point out that (a) core inflation is still under 2 percent and barely increasing at all, and (b) 2 percent is not a “target.” Not in the sense of something you should never exceed, anyway. It’s a target for average inflation, and the average since the end of the Great Recession has been 1.5 percent. More recently, the average over the past two years has been 0.8 percent. It’s going to be a while before we make up for so many years of too-low inflation.

Of course, it’s also true that the Fed’s target probably should be 3-4 percent, but that’s a post for another day.

Link:  

Inflation Finally Starting to Hit Healthy Levels

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