Treasury Secretary Steven Mnuchin has issued a warning: If Congress doesn’t pass President Trump’s tax overhaul bill, the stock market is going to tank. “There is no question that the rally in the stock market has baked into it reasonably high expectations of us getting tax cuts and tax reform done,” Mnuchin told Politico, noting that the Dow Jones Industrial Index is up nearly twenty-five percent since Trump was elected.
“To the extent we get the tax deal done, the stock market will go up higher. But there’s no question in my mind that if we don’t get it done you’re going to see a reversal of a significant amount of these gains.”
I saw this. Mnuchin – in shoulder pads below – has already conceded the Trump tax cuts go mostly to the rich.
The current administration are extortionists. Give the rich a tax break or the stock market will tank.
Billions of imaginary money will be lost, that’s true. But should we care?
Trump, as Republicans chorused against Obama, acts like a dictator, El Duce King Donald, again signs more executive orders.
Aimed at destroying Obamacare. Says he hopes that forces both political parties to the negotiating table.
Might not be extortion. Kidnapping maybe. I am going to hurt these eight million people, El Donnie says, if you don’t do something to harm twenty to thirty million others.
Meanwhile, there’s a military build-up and soldiers getting shot at in sixteen different countries.
A couple we never heard of.
Which is where I get confused.
You are okay with defunding healthcare for poor children and old ladies, grizzled vets, the mentally ill, many of them heavily armed, so billionaires can have more money.
You’re good with that. Really?
This is what 99% of us should all be taking a knee for.