Thoughts on Events the Week of March 12

Posted in Uncategorized by EloiSVM42 on March 21, 2018

Trump Tweets Tillerson: I have this comedic vision Rex Tillerson going home every night and beating his wife for talking him into taking the job of Secretary of State under President Donald Trump. Last night, I hope he went home and gave her a big hug, now that it’s over.

His wife was right, of course. When a president asks you to serve at the highest level, it is almost a patriotic duty to do so, even if you already hold an extremely important, and lucrative, position. That’s what qualifies you as Cabinet level talent. But Tillerson knew about Trump. We all did. Tillerson should have known better than to get within a mile of this president. Was he fooled by living in the far right wing echo chamber that is Texas?

The mystery is less why Tillerson joined than why he stayed so long. He had been the CEO of one of the largest companies in the world. He had more influence on national and international affairs as CEO of Exxon Mobile than at Trump’s State Department. Let’s face it, Tillerson was unsuited for this job, but a man of his stature I would expect not put up with Trump for one minute.

It’s ironic that Trump, who hosted a “reality” TV show in which he bluntly told underlings, “You’re fired,” doesn’t in real life have the cajones to dismiss people to their face, if at all.

Tillerson learned about his firing third person, from a Trump tweet to his base. James Comey learned about his on TV. Trump does his firing indirectly, preferably with his target out of town; ideally out of the country. This is who Trump truly is – a bully on TV, but in fact a cringing coward.

House Intelligence Committee Fin: This committee ended its investigation into whether Russia interfered in our national election just like it began: as farce. It is just as well. Nobody believed anything serious or credible would come out of this committee anyway. The news was taken with a yawn.

Stephen Hawking: Passed away.  He lived a remarkable life, both physically and mentally. At the age of 76, close to normal life expectancy, but diagnosed with ALS at 21, he lived 52 years longer than predicted by his doctors. It is a gift to us all that he lived long enough to give us his brilliant thinking, and his inspiration.

Mentally, he was a mega-thinker, about black holes, the beginning of the universe, and the “theory of everything.” He was also a brilliant writer, though with great physical difficulty. A Brief History of Time is among my favorite books.

Conor Lamb: (D-PA) won the special election for Pennsylvania’s 18th House of Representatives District. This is remarkable, because the 18th is a blood red Republican district, gerrymandered to make it impossible (until now) for a Republican to lose it. President Trump won this district by 20 points in 2016.

The analyzing and spinning has been intense as to why this happened and if it is significant harbinger of future success or an unimportant one off; whether Lamb was a Trump-like candidate at the right place at the right time, or whether his opponent was an incompetent boob who ran a disastrous campaign.

Given the result and the place, the unmistakable fact is that a Democrat won an election that no Democrat was ever supposed to win, in Trump-owned territory. Republicans are in serious mid-term electoral doo doo.

BTW, regarding Lamb in the 18th, look quickly or you’ll miss it. The 18th is so gerrymandered that it will be demolished before the next election,  and Lamb will have to run again in November, though in a more honest, and therefore probably more favorable, new district.

Russian Sanctions: President Trump finally, under serious political pressure, slapped some sanctions on Russia. These were sissy sanctions, symbolic, but not genuinely punitive. Trump isn’t going to punish Putin. One might wonder why he even bothered. I suspect it had to do with pressure from McConnell and Ryan after the Pennsylvania 18th election results.

Status of the States: Kansas gets the cup this week, because Mike Pompeo, a product of Kansas, will likely become Secretary of State. Pompeo is an enigma. He is a very intelligent, well-educated man, yet he espouses primitive, atavistic views. In this regard, he is like Kansas Governor Sam Brownback. Perhaps they both figured out that if you are willing to say really far right wingnut things in public, you can get elected in Kansas.



Andrew McCabe

Posted in Uncategorized by EloiSVM42 on March 18, 2018

Assuming, as I do, that the majority (but not all) of President Trump’s criminal activity occurred before he became president, what he did Friday night was the lowest, slimiest thing that his administration has done to date, and that is really saying something.  

At 10 pm, Attorney General Jefferson Beauregard Sessions fired former FBI Deputy Director Andrew McCabe two days before his declared retirement date, and his birthday, damaging his reputation and denying him his pension.

The firing was a late night, under the cover of darkness injustice, but it had been plotted for weeks for maximum intimidation of the FBI and our justice system, maximum humiliation of McCabe personally and maximum smearing of his reputation as a witness in possible criminal or political proceedings against Trump himself.

Disgusted as I am by this event, it has not lowered my opinion of Attorney General Sessions. This is because my opinion of Sessions can’t get any lower. He is an ignorant, homophobic, xenophobic, misogynistic bigot, and the least qualified member of President Trump’s administration, which is remarkable since Trump’s cabinet includes Ben Carson, Rick Perry and Betsy De Voss. Besides, Sessions was just doing the bidding of President Trump. Sessions is a serf.

Trump has been maligning, slandering, libeling, insulting and trying to intimidate McCabe for months. This is Trump’s style. He sits in the highest office and rains personal insult down publicly on people below him who cannot defend them themselves, which exposes Trump for what he is, and disgraces the office he holds.

Trump despises our system of justice and is doing his best to destroy it. Trump longs to be an authoritarian leader like Putin of Russia, Erdogan of Turkey and Duterte of the Philippines, and the Justice Department is the main obstacle that stands in his way. It’s certainly not the Republican legislature.

Trump also knows that one day he will have to stand before Justice, and he wants to damage it as much as he can before that happens, no matter that he threatens justice for all of us in the process.

Trump cannot be allowed to get away with this. It must be made clear that this event was nothing but a plotted political character assassination.

I don’t need to know what McCabe is accused of doing to know that it was incidental to firing, nothing but vengeful and mendacious, and certainly not sufficient to justify his treatment, let alone the loss of his pension. If the Legislature has a pinch of honor or a single vertebrae of spine, they will see that McCabe gets his pension, if not justice.

I despise the Trump Administration, individually and severally.





Posted in Uncategorized by EloiSVM42 on March 14, 2018

Perhaps the most important decisions a CEO makes involve hiring personnel. Staffing decisions should never be rushed and always carefully considered. A leader, however competent, it still just one person. But if he (or she) selects competent deputies and support, his effectiveness is expanded exponentially. On the other hand, a poor decision can be destructive, set things back, and take a lot of lost time to correct.

I’ve known creative directors – men of prodigious creative talent – the product of whose creative group was outmatched by directors with less talent personally, but who surrounded themselves with and developed a team whose total output far surpassed that of the brilliant individual’s.

It is provable based on turnover statistics alone that President Trump is a disastrously poor personnel decision maker. His decisions are impulsive, rushed and almost universally regrettable. His White House is constantly being set back by bad personnel decisions, firings and start overs.

Even when Trump finds some good people, as the blind hog occasionally finds an acorn, he doesn’t develop them. In fact, they are diminished by their association with him. Think Rex Tillerson. But that’s another, though related flaw.

Trump is so bad at personnel decisions that an astounding number of his choices are outright criminals, or in serious legal jeopardy. Recently, one was escorted out of the White House by the Secret Service without his suit jacket.

There is a clear lesson and cautionary tale for CEOs and Personnel Departments.

Thoughts on Events the Week of March 5

Posted in Uncategorized by EloiSVM42 on March 13, 2018

Talks with North Korea: South Korea is trying to arrange a playdate between President Trump and North Korea leader Kim. Generally, I’m with Stephen Hopkins on this, who said, “Nothing is so scary it can’t be talked about.” But this is really serious stuff, and people smarter and with a lot more experience in these matters than I, say this is not the way to go about it.

Besides, with deference to Mr. Hopkins, it’s not just what is being talked about, but also who is doing the talking. Trump is the last person I would send on such a mission. Dennis Rodman is too tough an act for Trump to follow. I can see Trump preparing for this meeting:

Trump: “Where is North Korea, again?”

Aid: “It’s the northern of the two countries on the Korean Peninsula, Mr. President.”

Trump: “What’s a peninsula?”

Aid: “It’s not important, Mr. President. We’ll be meeting at a neutral site, anyway.”

Trump: “Do they have geisha girls there?”

Aid: “No, Mr. President. That’s Japan.”

Trump: “Can we meet in Japan?”

Apparently, the way these things go is, deputies and experts meet first, and if things progress, it works up ultimately to a meeting between the top dogs. No negotiations with North Korea have ever gotten that far, because the way things go with them is, they make promises, get promises in exchange, then renege.

Leading off with a meeting with Trump is far too great a prize to give away to Kim on a first date (though the idea evokes pleasant memories of a first date I had once who asked, “Would you like desert before dinner?” But I digress.)

No, Trump’s meeting with Kim as a first step would be as stupid as, say, moving the U.S. Embassy from Tel Aviv to Jerusalem with nothing in return from Israel. Oh, wait. Trump has done exactly that.

We can’t let Trump near North Korea! He’s dumb enough to believe that he can talk North Korea into giving up its nuclear arsenal. Please, don’t tell him where the Korean Peninsula is.

Seriously, this meeting is South Korean President Moon’s wish as much as it is Kim’s. Let South Korea do the spade work, say a mountain or two of it, and then get back to us with something more substantive than that Kim said the word “denuclearization.” That’s middle school gossip, not negotiation.

Trump’s Stormy Forecast: I think we may be underestimating this Stormy Daniels. She seems to have a good head on her shoulders for business (in addition to other impressive body parts), which informs her outing the Donald.

Stormy has Trump in a compromising position, so to speak, that Vladimir Putin must envy. She is, to quote a close friend about Melanie Griffith’s character in Something Wild, “Every man’s dream; every man’s nightmare.”

I hope to watch one of her movies. In fact, I already have. You may have, too. She appeared in “Knocked Up,” a stoner movie with Seth Rogan, which I  loved, and, according to the website “Ranker,” whatever that is, she appeared in “The 40 year old Virgin,” the only Steve Carrel movie I did not (though I did not see her name(s) in the credits).

Of course, Stormy’s forté is Porn, and she is a genuine pornographic super star. She has won every award and recognition possible in that industry. She acts and directs.

Stormy stands to make a whole lot of money off the Trump zipper saga. You can be damn sure her movie rentals and sales are skyrocketing. (I wonder how many evangelicals are watching them.) I expect she has an offer of much, much more than $130,000 for her story. What would some people pay for a photo of Trump’s fat, naked butt humping a porn queen?

I hope the dozen or more women who claimed to have experienced not consensual sex, but sexual abuse or assault, by Trump, without result, are enjoying this. Payback is a bitch, Donald.

Basketball: College basketball holds no interest for me, and less so the NBA. Oddly, however, I consider the NCAA Tournament the best event in sports, and I watch as many games as I can.

I’d like to be able to say I’m interested in how Oklahoma’s basketball team fares, but I’m not. Football is my drug of choice. (I do enjoy watching OU’s women’s softball team, though.)

I do know one thing about OU this year. It’s been in all the papers. After getting off to a good start – they were 14-2 and ranked #4 – they collapsed. OU ended the season 18-13, 8-10 in conference play. They were 1-11 for February!

I was, therefore, stunned to see them seeded #10 in the Midwest Region. OU has a good coach. I don’t know what happened this year, but apparently it wasn’t pretty. I don’t expect to see them in the tournament for more than one game.

Status of the States: A very good friend thinks I should have given the cup to Arizona last week. Actually, I did, but he says it should have been for a different reason, and he has a point.

So, I’ll give it to Arizona again this week for his reason, which is: The Republican controlled legislature is trying to screw with our bi-partisan, independent legislative districting commission.

Our anti-gerrymandering law was enacted in 2000 by popular vote. It established a commission comprising two Democrats, two Republicans and an Independent as chairman to draw the district boundaries, using professional help.

As soon as the work of the commission was announced, Republican Governor Jan Brewer saw that it was fair, and so she immediately tried to sabotage it. The commission has been a target of Republicans ever since.

Gerrymandering is corrosive to democracy, and its siren call is irresistible to politicians of every stripe. It is a chronic worst state condition.

This cancer will never be cured until there is an independent governmental agency of demographic and geographic experts charged with establish boundaries for every state.

The President and the Porn Star Get it On

Posted in Politics and Justice by EloiSVM42 on March 10, 2018

An intellectual and ethical dilemma confronts me. I take the position that consensual sex by a politician is his or her affair and none of my business, unless it interferes with his or her job. Intellectual honesty and consistency require me to include President Trump, which I have and do.

Nevertheless, I would enjoy nothing more than to see Trump’s affair with Stormy Daniels bring him to ruin. I have tried to think of a way to carve out an exception in my position for Trump, but I cannot think of one. Consensual sex is consensual sex, and there’s no getting around it. Now, if Trump is caught breaking the law by paying her off with campaign funds or something like that, I am all in for it.

That said, I can only hope that Trump gets his comeuppance from one of the 17 women who have reported being sexually assaulted by him, or another, fresher one. But even that may not do it. Apparently, Trump’s uneducated, male, white base doesn’t see a difference between consensual sex and sexual assault. Judging from the 2016 election results, neither do 53% of white women.  I lay this all on the ladies. They had their chance to elect a qualified woman and blew it.


A Moment of Sympathy for the Trump Children

Posted in Politics and Justice by EloiSVM42 on March 8, 2018

The Trump children have endured unwelcome scrutiny since their old man became president. Cockroaches live in the dark beneath the refrigerator to avoid being seen for the vermin they are. In a reverse manner, these children soar above us in opulent, pampered privacy to avoid being seen for the gypsies, tramps and thieves they are.

Dad has made this difficult if not impossible. We know who they are now, even if they didn’t want us to, because it comes at a high price for them. So with this, I extend sympathy to each.

Donald, Jr. In chronological order, we begin with Junior. He seeks approval from a father whose own father, Fred, never paid any attention to him until Trump’s older brother died, after which Donald was nothing but a comparative disappointment.

Junior learned about business and ethics at his father’s knee. Unfortunately, his father is a poor business man and corrupt. You have to have some sympathy for a young man who grows up in those circumstances.

Finally, Junior exercises his Second Amendment rights by shooting large animals. This is OK with his father’s base, but the rest of us hate him for it.

Ivanka: Clearly her dad’s favorite and the apple of his eye. They seem to have a close relationship, although Ivanka can never be sure if daddy is going to hug her or grab her by the pussy. Trump has said publicly that if Ivanka weren’t his daughter, he would date her. He surely meant this as a compliment, but it comes across as perverse and potentially incestuous.

Ivanka married a man not unlike her father, which many women are said to do. Her husband is rich, but dangerously deep in debt, and he may go to jail (as I said, not unlike her father). Conjugal visits won’t suit Ivanka’s pristine lifestyle.

Eric: deserves the most sympathy. Eric doesn’t seem to have much juice in the family business and is given no meaningful responsibilities. He’s like Fredo in the Godfather.

Also, he is not as handsome as his two older siblings, and people make fun of him about this. Seth Meyers is particularly harsh with such jokes about Eric. I am not fond of ad hominems. They criticize personal things, such as Eric’s appearance rather than his positions…if he has any, which he can’t do anything about. This is unkind and unfair.

Tiffany: For whom, I think, not as much sympathy is warranted. Tiffany seems to have figured how to succeed in the Trump world, namely, keep away from them. She’s like Princess Anne in the British Royal family, though she has had a couple of Hollywood-style public run-ins.

Tiffany has a brain, beauty, a degree from the University of Pennsylvania and is studying law at George Washington University, all of which gives her a better chance than the others to avoid jail. Still, she’s stuck with being a Trump.

Barron: Trump’s only child by his third wife, Melania. Barron is too young to appreciate everything that is going on around him at this historic time for his family, and he seems slightly confused about it all. Perhaps he is on the very mild end of the autism spectrum, or just very shy. Anyone anywhere on the autism spectrum deserves some sympathy. But Barron has a protective mother to look after him, who has sharp, well-manicured claws and fierce, though beautiful, eyes. Barron is safe with her.

Thoughts on Events the Week of February 26

Posted in Uncategorized by EloiSVM42 on March 5, 2018

The Trans Pacific Partnership: Significantly underreported, Treasury Secretary Steven Mnuchin (dumb bastard doesn’t even know how to spell Stephen correctly) indicated that the United States might be interested in joining the TTP after all, if we can get a better deal.

The Japanese gave a very polite response to this news, which translates in Japanese diplomacy roughly to “Go fuck yourself.” With the U.S. sitting outside, the TPP partners have already reached agreement. It is a fait accompli.

It will be interesting to see if they will even let us in (I’m guessing yes), and if they will make some insignificant change that will allow Trump to claim that better deal (I’m guessing no).

It will be interesting also to see how Trump will explain this to his base, especially if the TPP won’t change any elements of the deal and Trump and Mnuchin have to shuffle into the TTP hats in hand and eyes cast down. Trump’s pulling out of this deal was almost as stupid as Hillary’s turning against it during the campaign. Don’t any of these politicians have a shred of principle?

Trump Trade Trouble: Immediately after scaring Republicans by seeming to side with Democrats over sensible gun control measures and then doing a back flip through his asshole to backtrack after hearing from the NRA, President Trump announced a 25% tariff on imported steel and a 10% one on imported aluminum.

This announcement startled almost everyone in both parties. A few knee jerk liberal Democratic legislators from upper Midwestern steel producing states think this is a good idea, or at least one many voters think it is. They’re wrong. (Remember, a knee jerk liberal is a liberal who never read an economics text.)

Trump says he will execute this order next week (giving him time to recover from his last backflip and limber up for his next one, I suppose). The order will be based on an old law from the 60s, last used by President Ronald Reagan in 1981, which permits tariffs to protect national security. Trump’s impulse won’t help national security; it will make it worse.

The reason this law isn’t used any more is that these tariffs have been proven not to work, and are self-defeating. They endanger more jobs than they protect domestically, and they invite retaliation that increase our consumer prices, can escalate to trade wars and cause serious economic instabilities. In addition, tariffs aren’t used because, despite what Trump says and his voters think, global trade is a good thing, and no sane person wants to mess with it.

Like other low skilled jobs, those in our steel industry aren’t coming back. They are lost to technology, not overseas competitors, like China, who has been smart about building its steel capacity.

Trump says his tariffs are aimed at China, but it’s going to hurt everybody else more (he’s like the Dick Cheney of trade, shooting his friends), including our allies, and our own consumers and our businesses who use steel and that other stuff, which is so difficult to spell and pronounce that American English and British English differ on it. (As George Bernard Shaw said, “America and England are separated by a common language.”)

My guess is that Trump will walk back this announcement, but he will put a small tariff on escargot imports from China so he can declare promise kept to his base.

Trump v. Sessions: Trump said Sessions was “disgraceful” for doing his job correctly by handing an internal investigation over to the Justice Department’s Inspector General, as he should have. Sessions pushed back this time. But the irony is that Sessions is disgraceful. He’s a bigot, a xenophobe, a homophobe, and stupid. He’s only done two things right in his entire career, and doing the right thing pisses Trump off no end, even if it’s only occasionally.

Sudden Thought: The reputation of everyone who joins the Trump administration is sullied. When you lie down with dogs, you get up with fleas, as the saying goes. But in Trump’s administration, many already had fleas when they got there.

Football: Dallas Cowboys coach Jason Garrett criticized his quarterback’s play extremely harshly, in public. Jason Garrett said everything about Dak Prescott’s game is all wrong.

Criticizing one’s quarterback in public is something a good coach never would do, proving again, as if more proof were needed, that Garrett is not a good coach. The Cowboys will never win it all until Garrett is gone.

Status of the States: Arizona, my own personal state, gets the cup this week, because the state legislature is taking some of the meager resources given to Arizona State University and creating schools within schools to teach revisionary classes, such as Aristotle from a “market based” perspective.

This is happening because the legislature feels that ASU, and higher education generally, is too liberal, and not good for society. To be fair, most Republicans in Arizona think so too. Arizona’s legislature is as fond of education as Huck Finn’s Pap.


More About Guns

Posted in Politics and Justice by EloiSVM42 on March 2, 2018

I got started on guns after swearing not to, and now  I just can’t stop myself. It’s just too funny.

Arming School Teachers: As if on cue, immediately after President Trump recommended arming  school teachers to protect students from armed intruders, a school teacher in George barricaded himself in a classroom and cranked off a round or two in no particular direction. It was delicious refutation of Trump’s ridiculous idea.

Speaking of Gun Control: Trump held another televised bi-partisan meeting with legislators, this time on gun control, and seemed to agree with just about everything Democrats were proposing as meaningful gun control legislation, in particular vastly expanded background checks. Senator Feinstein (D-CA) was smiling ear to ear, but you could almost see pee puddles forming beneath the chairs of the Republican Senators present. Senator Cornyn (R-TX), who was sitting next to the president and so in almost every TV shot, was literally squirming in his seat. He couldn’t even look up for fear the shock on his face would be seen.

I’ll kiss your ass in Macy’s window and give you an hour to draw a crowd if Trump doesn’t reverse himself after he hears from the NRA, Republican lawmakers and his base.


The great Republican exodus of 2018 is taking shape

Posted in Politics and Justice by EloiSVM42 on March 1, 2018

 I borrowed this headline from Vox.Com, with thanks, from its report that 21 Republican Congressmen have already announced that they will not run again in 2018 (FiveThirtyEight says 24 have already announced). This is the most Congressional retirements in a decade. More retirees (read quitters) have announced since the article was posted. 

Many of those calling it a day are committee chairmen, which is also very unusual. These guys hold onto their perks with a vice grip. Some are leaving due to committee chairmanship term limits, which will end their authority. Some think they, and perhaps the whole Party, may get its ass kicked this fall. Some are just sick of it.

Among the most notable quitters is Trey Gowdy (R-SC), who I will miss least of all. Gowdy says he is leaving because of “the increasingly toxic nature of politics,” which is rich, because he is among the most rabidly vicious and underhanded partisan members of the House.

Gowdy led the scandalously partisan and interminable Benghazi hearings, which wasted millions of dollars and a tremendous amount of time. The only result of Gowdy’s incessant hearings was to ruin the credibility of his committee, there having been a half dozen investigations on the same subject previously, none of which found anything wrong. Gowdy’s goal was solely to smear Hillary Clinton.

There is another possible explanation why Gowdy is leaving. He was among the very first to see the top secret underlying support for the FISA warrant controversy currently in the news (and Devin Nunes’ memo), and he knows what’s about to hit the fan.

Gowdy said whatever talents he has would be better used in a courtroom than in Congress. I think he may be right. He seems to know what he is doing as a lawyer, though I would prefer to see him as a defendant.

That said, the Exodus from Congress is nothing like that going on at the White House. It’s like the place was on fire and people are jumping out of the windows.  


Trump’s Tax Cut is a Disaster, and It Will Get Worse

Posted in Politics and Justice by EloiSVM42 on February 28, 2018

Okay, I assume you have read my blog – “Econ 1” – or Samuelson’s introductory economics text used at Harvard, so here’s my follow-up on why the Republican tax cut bill is the worst thing that Trump – and Paul Ryan and Mitch McConnell – could possibly do to us during Trump’s administration, however long it lasts, which is really saying something.

Let’s begin by reviewing three data points:

1)    When President Obama took office from President George W. Bush (still the worst president in our history, in my view) in 2008;

2)    When President Trump took office in 2017; and

3)    The end of Trump’s first full year in office, and roughly where the tax cuts began to kick in.

Jan. ‘08      Dec. ‘16     Dec. ‘17

Unemployment Rate                                              11.1%          4.7%          4.1%

GDP Growth                                                            -0.3%          1.5%          2.3%

Personal Income Growth (Dec.)                            0.4%          0.3%          0.4%

Dow Jones Industrial Average                            12,800      19,964       25,075

Source: U.S. Chamber of Commerce

These data support the narrative agreed to by most economists and historians over the last decade. President Bush left us in extreme economic doo doo at the end of his term, and still spiraling downward when Obama took office.

Against total obstruction by Mitch McConnell, the most unprincipled person to run the U.S. Senate since the Civil War, Obama pulled us out of what became the “Great Recession,” our worse economic catastrophe since the Great Depression, and got the economy growing again. He reduced unemployment by more than half; turned GDP from contraction to positive growth, and the stock market began to rebound.

To accomplish this, Obama bailed out the banks, which he had to do or there would have been a complete economic collapse globally, though in my view he executed it poorly. I blame Bush’s Secretary of the Treasury Henry Paulson and Obama’s Secretary of the Treasury Tim Geithner for that; both Wall Street insiders themselves – Paulson was CEO of Goldman Sachs; Geithner heads a private equity firm – were way too easy on the banks.

Among his other recovery efforts, Obama proposed an infrastructure plan to stimulate the economy and put people back to work, but the Republican-controlled Congress rejected him.

So, in circumstances exactly the opposite of Bush to Obama, Obama turned over to President Trump a healthy and growing economy.

Trump’s crowning achievement in his first year in office was a $1.5 Trillion dollar tax cut. This was a monumental heist of the Treasury for the rich, and the ultimate example of opening the barn door after the horse had already bolted into economically greener pastures. But it is even worse than that, and it is going to get worse still. Here’s why:

This tax cut not only added a $1.5 Trillion to our debt, an outrageously irresponsible thing to do, but it emptied the Treasury, as well. There’s no money left. Anything else Trump  wants to  do, such as for an infrastructure plan, we will have to borrow for, and it will just add more to the debt. In other words, Trump gave all our money to his rich friends, and now he wants to borrow more, which debt you and I can pay for.

To be sure, the tax cut has stimulated the stock market, at least for now. Big corporations have more money, much if not most of which is going to buying back stock. It helps stockholders, but does little for the economy. (Remember, there’s a big difference between the economy and the stock market, especially in the short-term.)

Trump says the tax cut will stimulate the economy, but the economy was already growing, and there are limits to how much faster our economy can or should grow at this point. We are already at full employment, and we are beginning to see personal income (read wages) increasing, finally.

Wage increases are a good thing, and long, long overdue. (Economists still don’t understand why it didn’t begin sooner. I told you it is a dismal science.) So Trump’s tax cut could blow an already warm economic engine. The Fed is now sufficiently concerned about overheating and inflation that it has signaled three more interest rate hikes in 2018.

All or most of us are seeing a little more in our pay envelope, but the vast majority of the cut went to the very, very richest. Warren Buffet announced last week that he gained $29 Billion (with a “B”) from the tax cut. How much did you get?

Trump’s infrastructure proposal would have been a good thing in 2009, when so many people were out of work. It could have helped a lot of people. But today, at full employment, the economic impact won’t be as helpful. It would be nice; we need to rebuild and maintain, but at this point, we don’t have the money to do it. It will only increase the debt, thanks to the tax cut.

Keynes said to deficit spend in hard times to stimulate the economy, but he also said to return the budget to balance during good times. We should have raised taxes on the rich, not lowered them. President Clinton did just that.  He raised taxes, mostly on high income earners, and the economy improved. He spent the so called “war dividend,” on debt reduction, and the economy improved even more.

Turns out too much debt is a drag on the economy. Who knew? Certainly not Republicans. Clinton, with some luck and savvy, left office with a budget surplus, our first since 1969 (under another Democratic president), which George W. Bush maintained…for exactly one year then started the Great Recession.

This tax cut is a disaster. We needed that money badly. With a nod to Jesus Christ Superstar, “Think of the things you can do with that money.”  Trump gave it away to the very rich. And don’t even get me started on the additional billions we are pissing away on our bloated military. That’s a carol for another Christmas. I hate this, and you all should, too.