Slouching Towards Oblivion

Saturday, July 27, 2019

Spotted Friendly Foot - Shot Same.

Right now, the only thing the Repubs think they have going for them (they're flacking the shit out of it anyway) is an economy that they portray as being the best ever and the reason you should all run out and vote for rich white people to get richer and even more purebred-white-bread.

So what does 45* do?

BBC News:

US President Donald Trump has accused French President Emmanuel Macron of "foolishness" over a digital services tax, and hinted that he would tax French wine in retaliation.

Mr Trump voiced his anger in a Tweet on Friday, in response to French plans to tax multinational firms like Google.

French authorities argue that the firms pay little or no corporate tax in countries where they are not based.

The Trump administration has said the tax unfairly targets US tech giants.

"France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the US," Mr Trump wrote on Twitter. 

"We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!"

Asked about the issue in the Oval Office later, Mr Trump, who is teetotal, said: "I've always liked American wines better than French wines. Even though I don't drink wine. I just like the way they look."

45*'s tariffs so far have cost us in the 100s of billions of dollars in trade, plus the nearly $30 billion he's throwing at American farmers to buy their continued support, plus the fact that the slowdown in international trade has created an additional drag on GDP growth, which was already slowing, and is set to come in at a rather anemic 2.1% for 2019 - on top of the fears that we tip into full blown recession by this time 2020.

All of which makes 45*'s "promise" of 3 or even 4% growth pretty much another great example of a guy trying to convince me the 1985 Yugo is a great car at a great price.


Because Trump always makes things worse for Trump (thanks, Bob Cesca).

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