Republicans attempted to exclude themselves from future medical insurance restrictions, exempting members of Congress and their staff from the planned reintroduction of denials due to preexisting conditions.
Only after word got out did Congressman Tom MacArthur (R-NJ), the author of the amendment, announce that it was all a mistake. In other words, he got caught before anything passed.
Barack Obama proved himself to be the hypocrite that we always knew he was by accepting a $400,000 speaking engagement with a Wall Street firm, Cantor Fitzgerald. Obama's speech is especially egregious given the Obama administration's complete lack of prosecutions for the 2008 crash. He's got a long way to go to match the pile of loot garnered by the Clintons, $25+ million, but he's off to a great start.
Obama created the Home Affordable Modification Program which was touted as a way for homeowners in trouble to modify their mortgages and avoid foreclosure. But Timmy Geithner made sure that the program was 100% voluntary, with less than 80 out of almost 7000 banks participating. Not to mention that homeowners do not have veto power over banks that buy their mortgage.
Obama's first set of thirty pieces of silver constitute his Marc Rich moment.
The Trump administration proposed the biggest tax cut ever, including fewer income tax brackets.
"So this is going to be the biggest tax cut and the largest tax reform in the history of our country and we are committed to seeing this through," declared Treasury Secretary Steven Mnuchin.
We tried this twice since 1980 and both times the debt skyrocketed -- 40% of the debt is due to Bush II's tax cuts which were continued by Obama -- while the number of jobs created was substantially less than from administrations which raised taxes. The job creation of Bush the Younger -- he of tax cut renown -- was the worst since WWII. And Reagan's job creation paled in comparison to Clinton.
Contrary to libertarian and Republican fairy tales, tax cuts do not pay for themselves, as they only return between 10 and 48 cents on the dollar.
The national debt is a few lobbyist campaign contributions short of $20 trillion, while GDP is a few CEO golden parachutes over $18.5 trillion. A debt / GDP ratio exceeding one was only previously seen in our history at the end of WWII. Which enemy are we fighting now? Will we see television ads depicting sad Republicans who do not possess the largesse to buy a new Bentley?
Both Republicans and Democrats are eagerly shoving us toward economic doom. The former often complains about the latter's profligate ways, but the last Republican president to have a budget surplus was Eisenhower (Trump's administration deleted historical OMB data from the White House website, but it's available at the archive).
China should be stripped of PNTR, with it being a parting gift from the Clinton administration, and we should depart the WTO.
90% of jobs being created are in services, with most of them in low-paying retail and restaurant industries, hardly the path to strengthening our middle class.
Instead of giving tax cuts to wealthy people and multinational corporations without conditions -- remember how well that tactic worked with Wall Street firms after 2008? -- corporate taxes should be made inversely proportional to the percentage of Americans a company employs, because companies rarely do the right thing without coercion.