Market Fundamentalism as a Religion by Chet Gaines. Image from Wonkette of people praying to the Golden Bull on Wall Street for economic improvement. Modern economic theory is presented as a science. Elaborate mathematics and diagrams are employed to derive principles that are assumed to be universal among economic actors, even though the specialized math used is a “dated version” (Keen 6) and such diagrams “often contain outright fallacies” (Keen 14). Did Obama's Last 3 Years See More Jobs Created Than Trump's First 3? Yes In February 2020, we received multiple inquiries from readers about the veracity of social media posts and news articles which claimed that the U.S. economy had added 1.5 million more jobs during former President Barack Obama’s final three years in office, than it did during President Donald Trump’s first three years. On Feb. 17, Rep. Carolyn Maloney, D-New York, tweeted that Obama had “created 1.5 million more jobs in his last 3 years than Donald Trump has in his first 3 years.” Earlier, the left-leaning Democratic Coalition group posted a link to a Yahoo! News article with the headline “Trump’s First 3 Years Created 1.5 Million Fewer Jobs Than Obama’s Last 3,” adding “FACT: New figures from Trump’s own Department of Labor show that 6.6 million new jobs were created in the first 36 months of Trump’s tenure, compared with 8.1 million in the final 36 months of Obama’s ― a decline of 19% under Trump.” How to Measure Jobs Growth
Koch donors worried Trump may lose, seek to preserve GOP Senate majority Charles Koch, head of Koch Industries. Bo Rader | Wichita Eagle | Tribune News Service | Getty Images Libertarian and conservative donors who attended the annual Koch network summit over the weekend discussed the need to defend the GOP majority in the Senate as a backstop in case a Democrat defeats President Donald Trump in November. People at the meeting in Palm Springs, California, didn’t just fret about progressive candidates Sens. Bernie Sanders and Elizabeth Warren winning — they were also concerned about the moderate former Vice President Joe Biden, according to attendees who declined to be named since the conversations were deemed private. These people said that all three candidates have proposed policies that would fly in the face of the free-market philosophy shared by much of the network, which is partially funded by billionaire Charles Koch.
Would You Rather Be Born Smart or Rich? I know, I know, you'd rather be born smart and rich (and charming, and with a lustrous head of hair, and a voice like Michael Bolton's). But if you had to choose? Chances are, your answer depends on whether you think the U.S. economy is a meritocracy—that intelligence and ambition are more important to lifelong success than the circumstances of your birth. A recent Brookings paper gives reasons for optimism.
Medicaid work requirements:true aim vs. touted aim click 2x The 2018 midterm elections have dealt a significant setback to President Trump’s agenda in the legislative arena. However, there are still many ways for the Trump administration to keep swinging away at the Affordable Care Act. One particularly effective unilateral instrument is the regulatory process – that is, the implementation of statutory law by executive agencies.
Marx Was Right: Five Surprising Ways Karl Marx Predicted 2014 There's a lot of talk of Karl Marx in the air these days – from Rush Limbaugh accusing Pope Francis of promoting "pure Marxism" to a Washington Times writer claiming that New York City Mayor Bill de Blasio is an "unrepentant Marxist." But few people actually understand Marx's trenchant critique of capitalism. Most people are vaguely aware of the radical economist's prediction that capitalism would inevitably be replaced by communism, but they often misunderstand why he believed this to be true. And while Marx was wrong about some things, his writings (many of which pre-date the American Civil War) accurately predicted several aspects of contemporary capitalism, from the Great Recession to the iPhone 5S in your pocket. Here are five facts of life in 2014 that Marx's analysis of capitalism correctly predicted more than a century ago: 1.
Trump’s Faulty Malaria-Coronavirus Connection Falsely citing “studies,” President Donald Trump has suggested that there are few novel coronavirus cases in “malaria countries” because of the use of the antimalarial drug hydroxychloroquine. But no such studies exist, and the drug is not widely used for malaria in much of the world. Trump has aggressively promoted hydroxychloroquine for weeks, despite limited evidence at this point that it is safe or effective to treat COVID-19, the disease caused by the novel coronavirus. And he has latched on to indications it could be working — even if the basic facts undermine his argument. “It is extremely unlikely that relatively low rates of the [coronavirus] infection in sub-Saharan Africa are related to the use of chloroquine or hydroxychloroquine,” Michigan State University malaria researcher Terrie Taylor told us, also referring to a similar malaria drug Trump has pushed as a COVID-19 treatment. “Neither has been the first-line treatment for malaria illness for many years.”
Manafort held secret talks with Assange in Ecuadorian embassy, sources say Donald Trump’s former campaign manager Paul Manafort held secret talks with Julian Assange inside the Ecuadorian embassy in London, and visited around the time he joined Trump’s campaign, the Guardian has been told. Sources have said Manafort went to see Assange in 2013, 2015 and in spring 2016 – during the period when he was made a key figure in Trump’s push for the White House. In a statement, Manafort denied meeting Assange. He said: “I have never met Julian Assange or anyone connected to him. I have never been contacted by anyone connected to WikiLeaks, either directly or indirectly.
How Trump's three years of job gains compares with Obama's "We're producing jobs like you have never seen before in this country," he said during a recent speech in Michigan. But you don't have to go back far to find three years of better job growth. Just to back to the previous three years under Barack Obama. During Trump's first 36 months in office, the US economy has gained 6.6 million jobs. But during a comparable 36-month period at the end of Obama's tenure, employers added 8.1 million jobs, or 23% more than what has been added since Trump took office. Virginia Study Finds Increased School Bullying In Areas That Voted For Trump After the 2016 presidential election, teachers across the country reported they were seeing increased name-calling and bullying in their classrooms. Now, research shows that those stories — at least in one state — are confirmed by student surveys. Francis Huang of the University of Missouri and Dewey Cornell of the University of Virginia used data from a school climate survey taken by over 150,000 students across Virginia. They looked at student responses to questions about bullying and teasing from 2015 and 2017. Their findings were published Wednesday in Educational Researcher, a peer-reviewed journal of the American Educational Research Association. In the 2017 responses, Huang and Cornell found higher rates of bullying and certain types of teasing in areas where voters favored Donald Trump over Hillary Clinton in the 2016 election.
On the Phenomenon of Bullshit Jobs Ever had the feeling that your job might be made up? That the world would keep on turning if you weren’t doing that thing you do 9-5? David Graeber explored the phenomenon of bullshit jobs for our recent summer issue – everyone who’s employed should read carefully… On the Phenomenon of Bullshit Jobs by David Graeber.
How to Caricature a Cartoon Presidency For political cartoonists, Donald Trump is not just a challenge but a rival. Trump’s political success owes much to the fact that he’s a walking, breathing caricature. His entire career is a triumph of the image-maker’s art: Through manipulation of press coverage, ghostwritten books, movie cameos, and carefully edited reality-TV shows, Trump crafted an image of himself as the quintessential American wheeler-dealer, the billionaire with the popular touch. As with any iconic figure, he is as much a stylization as a person.