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MSNBC’s Joe Scarborough compares impeaching Trump to Lincoln abolishing slavery

Liberty Unyielding - Mon, 06/03/2019 - 2:30pm
History aside, how did the others on this MSNBC panel sit there with a straight face while listening to this spew? Do these far-left journalists actually believe that by agreeing to file articles of impeachment against President Trump, Nancy Pelosi would be uniting and saving the country?

Democratic Convention boos critic of socialism

Liberty Unyielding - Mon, 06/03/2019 - 1:48pm
The strain of socialism backed by American Democrats is much more expensive and further to the left than the watered-down version of socialism practiced by France's Socialist Party or by Social Democratic Parties in places like Sweden and Germany.

Trump’s Self-Sabotaging Trade Taxes

Center for Freedom and Prosperity (CF&P) - Mon, 06/03/2019 - 12:15pm

What’s worse, a politician who knowingly supports bad policy or a politician who actually thinks that bad policy is good policy?

I was very critical of the Bush Administration (I’m referring to George W. Bush, but the same analysis applies to George H.W. Bush) because there were many bad policies (education centralizationwasteful spendingTARP, etc) and the people in the White House knew they were bad policies.

For what it’s worth, I think it’s reprehensible when politicians knowingly hurt the country simply because they think there’s some temporary political benefit.

I’m also critical of many of Trump’s policies. But at least in the case of protectionism, he genuinely believes in what he’s doing.

But that doesn’t change the fact that protectionism is bad policy. Higher taxes on trade hurt prosperity, just like higher taxes on work, saving, investment, and other forms of economic activity are harmful.

And, according to the National Taxpayers Union, Trump’s various tax hikes on trade cumulatively represent a giant tax increase.

The Trump administration has imposed 25 percent taxes on $234.8 billion in imports from China under Section 301 of the Trade Act of 1974. This represents a nominal tax hike of as much as $58.7 billion — the third-largest in inflation-adjusted dollar terms since World War II ended. But things could soon get much worse. President Trump plans to impose a 5 percent tariff on imports from Mexico starting on June 10, possibly increasing to 25 percent by October 1. He is also considering adding a 25 percent tariff to an additional $300 billion in imports from China. Tariffs on washing machines, solar goods, steel, and aluminum add billions of dollars more to the burden on U.S. taxpayers. If the Trump administration follows through on all its tariff threats, the combined result will be far and away the largest tax increase in the post-war era in real dollar terms. …tax increases of this scale threaten to undermine the economic expansion that has driven unemployment down to levels not seen since 1969.

Here’s a chart from the NTU report. They have two ways of measuring Trump’s trade taxes. In either case, the transfer of money from taxpayers to politicians is bigger than any previous tax hikes.

The National Bureau of Economic Research also has some estimates of how Trump’s protectionism has undermined the U.S. economy.

Two new NBER working papers analyze how this “trade war” has affected U.S. households and firms. The recent tariffs, which represent the most comprehensive protectionist U.S. trade policy since the 1930 Smoot-Hawley Act and 1971 tariff actions, ranged from 10 to 50 percent on about $300 billion of U.S. imports — about 13 percent of the total. Other countries responded with similar tariffs on about $100 billion worth of U.S. exports. In The Impact of the 2018 Trade War on U.S. Prices and Welfare (NBER Working Paper No. 25672), Mary Amiti, Stephen J. Redding, and David Weinstein find that the costs of the new tariff structure were largely passed through as increases in U.S. prices, affecting domestic consumers and producers who buy imported goods rather than foreign exporters. The researchers estimate that the tariffs reduced real incomes by about $1.4 billion per month. …Pablo D. Fajgelbaum, Pinelopi K. Goldberg, Patrick J. Kennedy, and Amit K. Khandelwal adopt a different methodological approach to address the welfare effect of recent tariffs. They also find complete pass-through of U.S. tariffs to import prices. In The Return to Protectionism (NBER Working Paper No. 25638), they estimate that the new tariff regime reduced U.S. imports by 32 percent, and that retaliatory tariffs from other countries resulted in an 11 percent decline of U.S. exports. … They estimate that higher prices facing U.S. consumers and firms who purchased imported goods generated a welfare loss of $68.8 billion, which was substantially offset by the income gains to U.S. producers who were able to charge higher prices ($61 billion). The researchers estimate the resulting real income decline at about $7.8 billion per year.

Here’s one of the charts from NBER.

That is not a pretty picture.

Especially since Trump is using the damage he’s causing as an excuse to adopt additional bad policies.

Here’s some of what George Will recently wrote for the Washington Post.

The cascading effects of U.S. protectionism on U.S. producers and consumers constitute an ongoing tutorial about…“iatrogenic government.” In medicine, an iatrogenic ailment is one inadvertently caused by a physician or medicine. Iatrogenic government — except the damage it is doing is not inadvertent — was on display last week.The Trump administration unveiled a plan to disburse $16 billion to farmers as balm for wounds — predictable and predicted — from the retaliation of other nations, especially China, against U.S. exports in response to the administration’s tariffs. …The evident sincerity of his frequently reiterated belief that exporters to the United States pay the tariffs that U.S. importers and consumers pay is more alarming than mere meretriciousness would be. …So, taxpayers who are paying more for imported goods covered by the administration’s tariffs (which are taxes Americans pay) are also paying to compensate some other Americans for injuries inflicted on them in response to the tariffs that are injuring the taxpayers. …Protectionism is yet another example of government being the disease for which it pretends to be the cure.

A tragic example of Mitchell’s Law in action.

The trade issue is also another example of hypocrisy in action.

Back in 2016, I applauded the IMF for criticizing Trump’s protectionist trade taxes, but simultaneously asked why the bureaucrats weren’t also criticizing Hillary Clinton’s proposed tax increases on work, saving, and investment.

Now I spend a lot of time wondering why Republicans, who claim to be on the side of taxpayers, somehow forget about their anti-tax principles when Trump is unilaterally imposing higher taxes on American consumers and producers.

What’s ironic about this mess is that Trump very well may be sabotaging his own reelection campaign. As he imposes more and more taxes on trade (and as foreign governments then impose retaliation), the cumulative economic damagemay be enough to completely offset the benefits of his tax reform plan.

If he winds up losing in 2020, I wonder if “Tariff Man” will have second thoughts about the wisdom of protectionism?

Since he’s a true believer in trade barriers, he may think it was worth it. I doubt other Republicans in Washington will have the same perspective.

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Image credit: AKrebs60 | Pixabay License.

Trump campaign considering making a profile on conservative version of Twitter

Liberty Unyielding - Mon, 06/03/2019 - 12:05pm
Trump media manager Brad Parscale and Utah Sen. Mike Lee, a Republican, both began posting on the site in May. Pundits Gavin McInnes, Laura Loomer and Milo Yiannopoulos joined after they were booted from Twitter, a Silicon Valley company some conservatives believe is biased in favor of liberal views.

VIDEO: The rich do get richer, but do the poor really get poorer?

Liberty Unyielding - Mon, 06/03/2019 - 11:05am
Last week, New York magazine’s Jonathan Chait became the latest Trump hater to claim, according to the title of his article, that a study had found that the Trump tax cuts failed to do anything but give rich people more money. The “study” in question was actually an analysis by the Congressional Research Service (CRS), […]

Ocasio-Cortez: ‘I could win a Nobel Prize in physics and they’d still call me dumb’

Liberty Unyielding - Mon, 06/03/2019 - 10:32am
For once I have to agree with ubiquitous freshman Rep. Alexandria Ocasio-Cortez. Not about her winning a Nobel Prize in physics (even though the once-august Norwegian Nobel Committee has been known to single out some pretty dubious honorees) but about the strong likelihood that she will be condemned at least for the balance of her political career to wear a scarlet D.

Yemen turns plague of locusts into dinner

Liberty Unyielding - Mon, 06/03/2019 - 9:20am
The Arabian country of Yemen is in a civil war. Hunger is widespread there. People have turned to eating bugs. “Amid food shortages in the war-torn country, swarms of insects have become an unlikely source of sustenance in Yemen,” reports Middle East Eye. It features a photo of street vendors “selling locusts in the old […]

A Fresh Look At School Security

Tea Party Tribune - Mon, 06/03/2019 - 6:13am

Got a great idea to end school shootings. In most, if not all schools there is an entrance that consists of an outer door and a door to the right to enter the office and one or two in front of the outer entrance doors for someone to proceed directly into the main hallway. Ok, now work with me on this. 

We know the days are long gone when someone can just walk into a school. They must check into the office. Only problem is that when Ted Bundy comes through the door he just kills the office staff first. So. First a little construction work needs to occur. 

The pane glass that encases the foyer needs to be bullet proof. And I don’t mean just thick, but that kind of glass banks have where you pull a gun and the teller shows you her middle finger. The entire area needs to be hermetically sealed so when the doors are closed not one atom escapes. 

Electronic locks installed on all doors. The kind that sound like you’re going into a secure area on the Nimitz. These locks are hard wired to a red button under the receptionist’s desk. The receptionist’s desk is positioned so that she can see the entrant clearly, either by line of sight but also by a video monitor. X-Ray would be handy like the airports have so all metal objects may be quickly ascertained. There is also a blue button under the desk, But I’ll get to that in a minute. 

The receptionist needs to be fully vetted. What you want is a man-hating bull dyke who was raped by a biker gang when she was fourteen years old and has the conscience of a rather mature cucumber. Pay her well, and pay her bonuses. 

There is a lead coming from the blue button to the school alarm system. This button activates an alarm that when heard the children are drilled to report to the front lobby. It should be three short beeps followed by three long beeps like the standard maritime SOS so there is no confusion about what is happening and what to do. 

The system works like this. Someone arrives and presses the button at the front door alerting Broomhilda, the receptionist, that someone is requesting entry. She checks the video and sees the person. The camera is positioned so that she gets a full body view. She presses red button once to unlock the front door so as to allow entry, but only to the foyer. She again presses the red button twice to relock the doors complete with the Nimitz clanging. It’ll be nice if it’s three loud clanging sounds like those old prison movies. All other doors are now locked and sealed as the receptionist studies the results of the airport style detector that is installed at the front entrance. If no objects are seen, and the receptionist is comfortable with the overall appearance, and demeanor of the visitor the office door is opened by a standard white button. If there are no obvious weapons but the appearance of the visitor raises suspicion ie backpacks etc all doors will remain locked and police are called. If there is an obvious weapon shown by the body scan, well, that’s what the blue button is for.

Blue is the color symbolizing oxygen. With a fully armed suspect now contained within the bulletproof confines of a glass cage, the receptionist presses the blue button once. This does four things. First, it sets off the alarm that signals the children to do an orderly exit from their classrooms, proceed to the lobby area, and seat themselves on the floor. Next, it activates a pump that proceeds to remove all air from the hermetically sealed foyer. Then, it activates a recording over the school’s PA system of Willie Nelson’s “Just A Little Old Fashion Karma.” And finally, it automatically alerts the police and coroner. As soon as the active shooter is not so “active” the children are led back to their classrooms, the blue button is pressed twice and the air is pumped back into the foyer, the chidren are safe, and the school secure. The police retrieve the suspect, and the school janitors handle the mess. 


The Butcher Shop

The post A Fresh Look At School Security appeared first on Tea Party Tribune.

Report: Trump’s DOJ readies antitrust investigation into Google’s business practice

Liberty Unyielding - Sun, 06/02/2019 - 1:43pm
'The evidence paints a complex portrait of a company working toward an overall goal of maintaining its market share by providing the best user experience, while simultaneously engaging in tactics that resulted in harm to many vertical competitors, and likely helped to entrench Google’s monopoly power over search and search advertising.'

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