Former Republican vice presidential nominee and supporter of Donald Trump Sarah Palin criticized the president-elect’s deal to subsidise Indiana-based air conditioning company Carrier to keep jobs in that state, warning that such a move could lead to “crony capitalism.”
Source: Sarah Palin Doesn’t Endorse Trump’s Carrier $7M Incentive Deal; Warns of ‘Crony Capitalism’
[T]he total inflation-adjusted output of the U.S. manufacturing sector is now higher than it has ever been. That’s true even as the sector’s employment is growing only slowly, and remains near the lowest it’s been. These diverging lines—which reflect improved productivity—highlight a huge problem with Trump’s promises to help workers by reshoring millions of manufacturing jobs. America is already producing a lot. And in any event, the return of more manufacturing won’t bring back many jobs, because the labor is increasingly being done by robots.
https://www.technologyreview.com/s/602869/manufacturing-jobs-arent-coming-back/ via DuckDuckGo for Android
“You know, in 1976, when Trump was just starting his career, he said he was worth about $200 million. . . . Most of that was from his father. . . . if he had just put that $200 million into an index fund and reinvested the dividends, he’d be worth twelve billion today, . . . And he got about $850 million in tax subsidies, just in New York alone. . . . He’s not a businessman, [h]e’s a con man.“
Source: ‘He’s not a businessman, he’s a con man’: Robert Reich stuns Trump fan into silence
Making America great again — by running up huge IOUs.
You could read the report from the Committee for a Responsible Federal Budget or their executive summary or the synopsis at Huffington Post, but you’re a Biteme reader and want it reduced to “25 words or less,” so here goes:
Hillary Clinton’s policies are fiscally risky, but no riskier than where we’re currently heading. Trump’s policies will drive us zooming over the cliff. Yee haw!
Source: Donald Trump Would Push Debt To Highest Level In U.S. History, Report Says
“I would love to see some hedge fund manager on Wall Street who might be sniffing a little cocaine here and there to stay awake realize that he can’t get his $150,000 worth of deductions unless he submits to a drug test.”
When it comes to drug abuse, “There are no boundaries with regard to class or race,” she said. “If these poor people who are entitled to SNAP for survival are required to be drug tested, then certainly those people who claim $150,000 or more in tax deductions should be subjected to the same in order to receive this benefit from the government.”
Source: Congresswoman Who Used To Receive Welfare Wants To Drug Test Rich People Who Get Tax Breaks
But they promise not to use the power for evil.
… [Keith Chen, Uber’s head of economic research] revealed that Uber knows when the battery on your phone is low — it keeps tabs on your battery so the app knows when to switch into low-power mode — and that it knows you’re willing to pay more for a ride when your battery is running out. . . . “[W]e absolutely don’t use that to kind of, like, push you a higher surge price, but it’s an interesting kind of psychological fact of human behavior,” said Chen.
Source: Uber Knows When Your iPhone Battery Is Dying And You’re Getting Desperate
Yesterday, state and federal officials announced a $5.1 billion settlement with Goldman Sachs, resolving accusations that the bank behaved irresponsibly in the lead-up to the 2008 financial crisis. But, the New York Times reports, the deal’s fine print reveals that number may ultimately be much lower.
“They appear to have grossly inflated the settlement amount for P.R. purposes to mislead the public, while in the fine print, enabling Goldman Sachs to pay 50 to 75 percent less,” Better Markets founder Dennis Kelleher told the Times.
Cecil Adams (the world’s smartest man) was asked why juror pay is so low. Unfortunately, he never gets around to answering the question. So the Bitemaster will step up and tell you: it’s because they can.
After all, why should the gummint waste money on a poor schlub like you when they have more important things to fund, like cheese museums, bridges to nowhere, or pay increases for themselves?
If it were up to the Bitemaster, juror pay would be set somewhere around the minimum wage. It might not help you, but at least your nanny wouldn’t lose her home because she had to serve.
A highly-placed source at NYCHA — the New York City Housing Authority — tells us that the Authority plans to privatize the management of some of their public housing buildings.
My first thought was: cool! Now De Blasio can say that the inevitable NYCHA screw-ups aren’t his fault, they’re the fault of the management company!
But what’s in it for the management company? Our source hints that they’ll jack up the rents. And who will pay those rents? The city taxpayer, of course.
Ronald Reagan would be proud.
Citizens of the world’s most prosperous nation, they face challenges — of course — but no true calamities.
It’s nice to see conservatives laying into White people the same as they do to Blacks.
But to claim that there are no outside forces crushing these folks is an outright lie. Modern ports and efficient container shipping means we import cheap goods and export expensive jobs. Reagan’s “tax reforms” mostly benefited the already-wealthy. A 30-year war against unions has pushed the blue-collar middle class back down the economic ladder.
If the White underclass were to ask my opinion, I’d tell them that the Democrats screw them because the Democrats are incompetent. But the Republicans screw them because the Republicans like screwing them.
