A typical Republican phony

These two photos are “Steven Brodie Tucker” — don’t you just love it when someone uses his middle name?  He must be someone important.  Or very wise.

The first photo (the black and white one) is the one Tucker uses when he writes one of his wise, learned articles for The Bull(shitting) Elephant.  The lower photo (the one in color) is the photo he was using in 2014 when he was wandering around speaking to Tea Party groups.

 

Steven Brodie Tucker

Tucker presents himself as an “intellectual” and a “deep thinker.”  I guess that’s why he uses his full name.  In fact, he’s a very mundane, run-of-the-mill rightwing Republican whose writing and speeches mistake quantity for quality.  He can go on and on and on . . . . and usually does.

From time to time he comments on how he likes to sip fine bourbon and puff on a seegar.  I guess that’s what makes him an “intellectual.”  That, and the straggly beard.

I hope you shit-for-brains Trump supporters are happy

When Speaker Paul Ryan pushed the Jobs and Tax Cut Act of 2017, which lowered corporate tax rates from 35 to 21 percent, he promised American workers “more jobs, fairer taxes, and bigger paychecks.”

But Harley-Davidson, whose U.S. headquarters is just a few miles from Ryan’s congressional district, wants to take the money and run. Harley-Davidson announced the following in quick succession in February: the closure of its Kansas City factory, a dividend increase, and a $696 million stock repurchase plan.

Eight hundred jobs will be lost with the closing of the Kansas City factory, and though the company claims 400 additional jobs will be created in York, Pennsylvania, union leaders believe some jobs will be lost to a new plant the company is opening in Thailand.

Harley has not guaranteed the additional 400 York jobs and, obviously, workers from Kansas City would have to sell their homes and move to take advantage of any new openings in Pennsylvania. The company says that the new Thai factory will assemble motorcycles from parts manufactured in the United States, but the firm has not said how long that will be the case.

Decisions Will Benefit Large Shareholders

A few months after his election Donald Trump said, “Thank you Harley-Davidson for building things in America.”

But Harley’s $700 million stock buyback doesn’t build anything; it concentrates ownership and dividends in the hands of large investors and boosts the value of CEO stock options, making the problem of extreme inequality of wealth in America worse.

Trump’s whole tariff and trade “policy” is a disaster that will only get worse

As the United States gears up for a full-on trade war with key allies, economist Paul Krugman has a stark warning for President Donald Trump: It’s not going to go well.

In a column posted Thursday evening, Krugman argues that Trump’s trade war — which he once said should be “easy to win” — will be bad for many Americans, including many that see the president as their defenders.

“So, the trade war is on,” Krugman begins. “And what a stupid trade war it is.”

“[T]it-for-tat trade retaliation will hurt a lot of American workers (and especially farmers), quite a few of whom voted for Trump and will now find themselves feeling betrayed,” he notes.

He also argues that Trump’s view of international trade is overly simplistic. Slapping tariffs on a few industries isn’t an isolated action, and it will have ripple effects across the economy. This is because, as Krugman explains, “it’s a matter of complex value chains, which the Trump trade war will disrupt. This will produce a lot of American losers, even if they aren’t directly employed producing exported goods.”

Even more worrying for Trump is that prices across the board could rise if the trade war “spirals” further. The Republicans sold their giant tax giveaway to corporations based on minor, temporary cuts for individual payers, but even these measly gains could evaporate if prices rise. That could be disastrous for the GOP heading into the midterms.

And in international political terms, Krugman argues, Trump may be underestimating the downsides fo his actions. Many people in other countries really hate Trump, which means they will likely push their leaders to stand up to him. Don’t expect Canadian Prime Minister Justin Trudeau to back down easily.

One thing Krugman doesn’t mention, though it is implied by this last point, is that the non-economic consequences of the trade war could also be disastrous. Trump currently needs allies desperately for many of his foreign policy efforts: putting pressure on North Korea, constraining Iran, and countering China. By engaging in a trade war with our allies, Trump weakens the relationships that are crucial to pursuing these objectives.