Essential Economics for Politicians

Koch-backed group offers to help Pelosi limit Trump tariff powers

Americans For Prosperity, a free-market advocacy group funded in part by the Koch network, has offered to help House Speaker Nancy Pelosi, D-Calif., pass legislation that would limit President Trump's ability to unilaterally impose new tariffs.

"[W]e hope to work with your office to advance legislation to require congressional approval of any proposed tariffs," said AFP chief government affairs officer Brent Gardner and Freedom Partners Chamber of Commerce executive vice president Nathan Nascimento told Pelosi in a letter sent Friday and made public Wednesday.

The group called on Pelosi to support the Bicameral Congressional Trade Authority Act, legislation jointly introduced in late January by Reps. Mike Gallagher, R-Wis., and Ron Kind, D-Wis. The bill, which has 12 Republican and seven Democratic co-sponsors, would require that any tariff imposed under Section 232 of the Trade Expansion Act would first have to be approved by Congress. Trump has used the law, which allows tariffs on the grounds of protecting national security, to enact levies on steel and aluminum imports, and is contemplating using it for tariffs on auto and auto parts imports as well.

https://www.washingtonexaminer.com/...fers-to-help-pelosi-limit-trump-tariff-powers
 
Booter said:
Koch-backed group offers to help Pelosi limit Trump tariff powers

Americans For Prosperity, a free-market advocacy group funded in part by the Koch network, has offered to help House Speaker Nancy Pelosi, D-Calif., pass legislation that would limit President Trump's ability to unilaterally impose new tariffs.

"[W]e hope to work with your office to advance legislation to require congressional approval of any proposed tariffs," said AFP chief government affairs officer Brent Gardner and Freedom Partners Chamber of Commerce executive vice president Nathan Nascimento told Pelosi in a letter sent Friday and made public Wednesday.

The group called on Pelosi to support the Bicameral Congressional Trade Authority Act, legislation jointly introduced in late January by Reps. Mike Gallagher, R-Wis., and Ron Kind, D-Wis. The bill, which has 12 Republican and seven Democratic co-sponsors, would require that any tariff imposed under Section 232 of the Trade Expansion Act would first have to be approved by Congress. Trump has used the law, which allows tariffs on the grounds of protecting national security, to enact levies on steel and aluminum imports, and is contemplating using it for tariffs on auto and auto parts imports as well.

https://www.washingtonexaminer.com/...fers-to-help-pelosi-limit-trump-tariff-powers
Click to expand...



Quite obvious that he is putting a HUGE crimp in the Globalists ability to
offshore manufacturing that rightfully should be done here in the United
States to the benefit of America/Unions and Workers !!!

The fact that the Koch Brothers/Rhinos would stoop to scrape the shit off of
the toilet and then solicit it for help is quite telling.....
 
“Socialism” vs. “capitalism” is a false dichotomy
We need go-go capitalism to afford a generous welfare state, and people won’t support go-go capitalism without a safety net. “Socialists” and Republicans forget different parts of this lesson.

The GOP’s market rigging and rejection of the social safety net drives voters toward “socialism”
No less a classical liberal than F.A. Hayek supported a robust safety net capable of “providing for those common hazards of life against which few can make adequate provision.” It’s true, as Williamson says, that “There isn’t any obvious and non-arbitrary place to draw the line on those common hazards of life.” But he’s wrong that “the fundamental difference between Right and Left is where to draw that line (or those lines) and how to go about helping those we decide to help.”

A Republican Party that remains doggedly devoted to Grover Norquist’s goal of shrinking government until it’s small enough to drown in a bathtub isn’t pro-lifeboat. It’s pro-drowning. Moreover, cannibalizing Obamacare, setting public assistance ever further out of reach, and exploding the deficit with massive tax cuts doesn’t make the ruling political right a friend of free markets. Trump’s tariff-hiking, winner-picking economic nationalism, which looks to communist China as a model, is an immiserating morass of rank corruption. But that’s what the GOP currently stands for, whether conservative thinkers like it or not.

The right’s Pavlovian reaction to Ocasio-Cortez’s budget-busting democratic socialism has trapped it in a comforting haze of commie-fighting nostalgia. It leaves Republicans blind to the electoral threat posed by Warren’s Nordic-style social democracy, because they can’t see the difference; they can only see reds. Warren’s coalescing vision of the market-friendly welfare state doesn’t exactly amount to the second coming of Milton Friedman, but it’s far more intellectually sound and politically attractive than anything Republicans currently have on offer.

If the governing GOP is unable to hear what Hayekian conservatives like Williamson are saying and just keep on smashing the lifeboats, and fail to offer a compelling alternative to Warren’s vision for unrigging the economy, not only will they be totally overwhelmed on their left flank on social insurance, they might also find themselves outflanked on the issue of fair, open, competitive markets. They’ll get routed by the left on capitalism, still screeching about Venezuelan bread lines.

https://www.vox.com/the-big-idea/20...in-williamson-column-republican-ocasio-cortez
 
Booter said:
“Socialism” vs. “capitalism” is a false dichotomy
We need go-go capitalism to afford a generous welfare state, and people won’t support go-go capitalism without a safety net. “Socialists” and Republicans forget different parts of this lesson.

The GOP’s market rigging and rejection of the social safety net drives voters toward “socialism”
No less a classical liberal than F.A. Hayek supported a robust safety net capable of “providing for those common hazards of life against which few can make adequate provision.” It’s true, as Williamson says, that “There isn’t any obvious and non-arbitrary place to draw the line on those common hazards of life.” But he’s wrong that “the fundamental difference between Right and Left is where to draw that line (or those lines) and how to go about helping those we decide to help.”

A Republican Party that remains doggedly devoted to Grover Norquist’s goal of shrinking government until it’s small enough to drown in a bathtub isn’t pro-lifeboat. It’s pro-drowning. Moreover, cannibalizing Obamacare, setting public assistance ever further out of reach, and exploding the deficit with massive tax cuts doesn’t make the ruling political right a friend of free markets. Trump’s tariff-hiking, winner-picking economic nationalism, which looks to communist China as a model, is an immiserating morass of rank corruption. But that’s what the GOP currently stands for, whether conservative thinkers like it or not.

The right’s Pavlovian reaction to Ocasio-Cortez’s budget-busting democratic socialism has trapped it in a comforting haze of commie-fighting nostalgia. It leaves Republicans blind to the electoral threat posed by Warren’s Nordic-style social democracy, because they can’t see the difference; they can only see reds. Warren’s coalescing vision of the market-friendly welfare state doesn’t exactly amount to the second coming of Milton Friedman, but it’s far more intellectually sound and politically attractive than anything Republicans currently have on offer.

If the governing GOP is unable to hear what Hayekian conservatives like Williamson are saying and just keep on smashing the lifeboats, and fail to offer a compelling alternative to Warren’s vision for unrigging the economy, not only will they be totally overwhelmed on their left flank on social insurance, they might also find themselves outflanked on the issue of fair, open, competitive markets. They’ll get routed by the left on capitalism, still screeching about Venezuelan bread lines.

https://www.vox.com/the-big-idea/20...in-williamson-column-republican-ocasio-cortez
Click to expand...


No Brains ...No Headaches.....you're vying for the empty cranium award...

Don't look now but you and the Rodent are neck and neck.....
 
Booter said:
You consider the following to be cherry picking?

What contributed to the $779 billion deficit in 2018?
• Bush Tax Cuts: $488 billion
• Trump Tax Cuts: $164 billion
• Direct costs of wars in Iraq and Afghanistan: $127 billion
• Base defense increases: $156 billion

Those are real numbers and they are big numbers and they are they are they result of Republican Policies.
Click to expand...
Booter said:
“Socialism” vs. “capitalism” is a false dichotomy
We need go-go capitalism to afford a generous welfare state, and people won’t support go-go capitalism without a safety net. “Socialists” and Republicans forget different parts of this lesson.

The GOP’s market rigging and rejection of the social safety net drives voters toward “socialism”
No less a classical liberal than F.A. Hayek supported a robust safety net capable of “providing for those common hazards of life against which few can make adequate provision.” It’s true, as Williamson says, that “There isn’t any obvious and non-arbitrary place to draw the line on those common hazards of life.” But he’s wrong that “the fundamental difference between Right and Left is where to draw that line (or those lines) and how to go about helping those we decide to help.”

A Republican Party that remains doggedly devoted to Grover Norquist’s goal of shrinking government until it’s small enough to drown in a bathtub isn’t pro-lifeboat. It’s pro-drowning. Moreover, cannibalizing Obamacare, setting public assistance ever further out of reach, and exploding the deficit with massive tax cuts doesn’t make the ruling political right a friend of free markets. Trump’s tariff-hiking, winner-picking economic nationalism, which looks to communist China as a model, is an immiserating morass of rank corruption. But that’s what the GOP currently stands for, whether conservative thinkers like it or not.

The right’s Pavlovian reaction to Ocasio-Cortez’s budget-busting democratic socialism has trapped it in a comforting haze of commie-fighting nostalgia. It leaves Republicans blind to the electoral threat posed by Warren’s Nordic-style social democracy, because they can’t see the difference; they can only see reds. Warren’s coalescing vision of the market-friendly welfare state doesn’t exactly amount to the second coming of Milton Friedman, but it’s far more intellectually sound and politically attractive than anything Republicans currently have on offer.

If the governing GOP is unable to hear what Hayekian conservatives like Williamson are saying and just keep on smashing the lifeboats, and fail to offer a compelling alternative to Warren’s vision for unrigging the economy, not only will they be totally overwhelmed on their left flank on social insurance, they might also find themselves outflanked on the issue of fair, open, competitive markets. They’ll get routed by the left on capitalism, still screeching about Venezuelan bread lines.

https://www.vox.com/the-big-idea/20...in-williamson-column-republican-ocasio-cortez
Click to expand...
Oh look! The prediction train just pulled in to town.
 
Booter said:
“Socialism” vs. “capitalism” is a false dichotomy
We need go-go capitalism to afford a generous welfare state, and people won’t support go-go capitalism without a safety net. “Socialists” and Republicans forget different parts of this lesson.

The GOP’s market rigging and rejection of the social safety net drives voters toward “socialism”
No less a classical liberal than F.A. Hayek supported a robust safety net capable of “providing for those common hazards of life against which few can make adequate provision.” It’s true, as Williamson says, that “There isn’t any obvious and non-arbitrary place to draw the line on those common hazards of life.” But he’s wrong that “the fundamental difference between Right and Left is where to draw that line (or those lines) and how to go about helping those we decide to help.”

A Republican Party that remains doggedly devoted to Grover Norquist’s goal of shrinking government until it’s small enough to drown in a bathtub isn’t pro-lifeboat. It’s pro-drowning. Moreover, cannibalizing Obamacare, setting public assistance ever further out of reach, and exploding the deficit with massive tax cuts doesn’t make the ruling political right a friend of free markets. Trump’s tariff-hiking, winner-picking economic nationalism, which looks to communist China as a model, is an immiserating morass of rank corruption. But that’s what the GOP currently stands for, whether conservative thinkers like it or not.

The right’s Pavlovian reaction to Ocasio-Cortez’s budget-busting democratic socialism has trapped it in a comforting haze of commie-fighting nostalgia. It leaves Republicans blind to the electoral threat posed by Warren’s Nordic-style social democracy, because they can’t see the difference; they can only see reds. Warren’s coalescing vision of the market-friendly welfare state doesn’t exactly amount to the second coming of Milton Friedman, but it’s far more intellectually sound and politically attractive than anything Republicans currently have on offer.

If the governing GOP is unable to hear what Hayekian conservatives like Williamson are saying and just keep on smashing the lifeboats, and fail to offer a compelling alternative to Warren’s vision for unrigging the economy, not only will they be totally overwhelmed on their left flank on social insurance, they might also find themselves outflanked on the issue of fair, open, competitive markets. They’ll get routed by the left on capitalism, still screeching about Venezuelan bread lines.

https://www.vox.com/the-big-idea/20...in-williamson-column-republican-ocasio-cortez
Click to expand...
Agree!! The market rigging of 6 straight years of QE. And the Fed just told us at their last meeting that the debt has now been monetized.
 
Booter said:
You consider the following to be cherry picking?

What contributed to the $779 billion deficit in 2018?
• Bush Tax Cuts: $488 billion
• Trump Tax Cuts: $164 billion
• Direct costs of wars in Iraq and Afghanistan: $127 billion
• Base defense increases: $156 billion

Those are real numbers and they are big numbers and they are they are they result of Republican Policies.
Click to expand...
Know the difference between debt and deficit? If you did then you might be interested to know that the first trillion dollar deficit happened under Bush and the next four under Obama. Want a source? Read the Feds balance sheets between 09 and 16.
 
Bruddah IZ said:
Know the difference between debt and deficit? If you did then you might be interested to know that the first trillion dollar deficit happened under Bush and the next four under Obama. Want a source? Read the Feds balance sheets between 09 and 16.
Click to expand...
usgs_line.php


https://www.usgovernmentspending.com/fed_us_deficit_chart_10_G.html
 
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