“Donald Trump Is Dead Wrong”: America Is A Fabulously Rich And Great Nation
America isn’t broke. Nor is it on the verge of a government debt crisis (whatever “crisis” even means for a nation whose debt is printed in a currency that is both its own and the world’s reserve). America is not in decay, and the last thing the U.S. should do is rashly withdraw from a dangerous world because of those mistaken beliefs.
This should be especially clear after the Belgium terror attacks.
Yet retreat is just what Donald Trump seems to be proposing. In an interview with The Washington Post editorial board Monday, Trump questioned the U.S. role in NATO and presence in Asia due to the financial burden they require:
I mean, we pay billions — hundreds of billions of dollars to supporting other countries that are in theory wealthier than we are. … When you look at the kind of money that our country is losing, we can’t afford to do this. Certainly we can’t afford to do it anymore…. I think we were a very powerful, very wealthy country. And we’re a poor country now. [Trump]
Looks like we finally found something Trump is in favor of off-shoring: America’s security.
Now, it’s certainly legitimate to evaluate the mission and cost of America’s overseas military commitments and posture. But that’s a different thing than scrapping our military alliances — or threatening to do so as some ham-handed budget negotiating tactic. Leading the free world, reassuring allies, and deterring aggression have little overlap with the skills needed to drive a hard bargain with a potential tenant in Trump Tower.
And yet, Republicans might give Trump’s defense policy ideas more of a hearing than they deserve because of their persistent debt fears. After all, it’s mainstream GOP economic thought that U.S. finances are precarious. How could they not be given the $19 trillion federal debt — $22 trillion if you include state and local government? These are figures Trump always mentions, as do many Republican politicians. They provide handy justification for arguing we can’t afford to invest in science, repair and upgrade our infrastructure, or bolster wages for low-income workers.
But here’s the thing: The U.S. is far from a poor nation. American households entered 2016 with a net worth of nearly $87 trillion, according to the Federal Reserve. To put that ginormous number in some context, China’s private wealth has been estimated at $23 trillion. Even if you factor in America’s debt-laden public sector and China’s large state-owned companies, the U.S. still has a $45 trillion wealth edge.
There are other ways of looking at national wealth that also show America’s riches. The value of U.S. intellectual capital has been estimated at around $9 trillion, with the value of the intangible assets — such as patents, copyrights, and general business methods — at nearly $15 trillion. And given Trump’s appreciation of brands — he generously values his own at $3 billion — you would think the businessman would appreciate America’s, which has been valued at close to $20 trillion.
Maybe all this wealth is one reason global financial markets don’t seem so worried about the U.S. debt. Well, that and the U.S. tax burden being one of the lowest in the developed world. The dollar is strong, and interest rates are low, as are inflation expectations. None of this is to say the U.S. should be a spendthrift in either defense or social spending. Without entitlement reform, Medicare and Social Security will require massive tax increases to keep their promises. Yet Trump would leave them untouched, vowing implausibly to fix their fiscal problems through higher economic growth alone.
The U.S. isn’t bankrupt. Our pockets aren’t empty. We aren’t a pauper nation.
But, of course, you can’t promise to make America great again without arguing that it currently isn’t.
By: James Pethokoukis, The Week, March 23, 2016
“Glorious Pageantry Of The GOP Process”: Ted Cruz And Donald Trump Are Fighting Over Their Wives. This Was Inevitable
Throughout the political world, people are expressing shock, dismay, and disgust at the argument that has broken out between Donald Trump and Ted Cruz over their wives. But this shouldn’t be surprising to anyone. In fact, it was all but inevitable.
To catch you up briefly: First an anti-Trump super PAC put out an online ad directed at Mormon women in Utah with a picture of Trump’s wife Melania posing nude, on the absurd grounds that it constituted a reason to vote against Trump. Then Trump accused Cruz of orchestrating the super PAC ad, and threatened to “spill the beans” on Cruz’s wife Heidi. Then Trump retweeted a picture of Melania looking like the professional model she was next to a particularly unflattering photo of Heidi, with the caption, “The images are worth a thousand words.” Then Cruz said, “Donald, you’re a sniveling coward. Leave Heidi the hell alone.”
Truly an inspiring moment in the glorious pageantry of the democratic process. But this is what you get when you make Donald Trump the frontrunner of your party. If you know anything about Trump, you should have known that it was going to come to this.
As he does so often, Trump takes what is ordinarily implied in politics and makes it literal. Republicans have long insinuated that their candidates are more manly than their Democratic opponents, whether it was saying that John Kerry “looks French” or mocking Al Gore for wearing “earth tones.” Trump, on the other hand, just comes out and suggests that he has a big penis and his wife is hotter than the other guy’s.
You don’t have to be a trained psychologist to discern that Trump views women largely as objects whose purpose is to demarcate, through their physical appearance, the relative positions men occupy in an eternal contest for domination and status. Just look at his marital history. He married his first wife Ivana, a Czech model who was a mere three years younger than him, when she was 28. Fourteen years later, when Ivana was 42, he divorced her and married Marla Maples, with whom he’d been having an affair. Maples was 29 at the time, and 17 years younger than Trump; a few years later he divorced her as well. Then he married his current wife Melania, a former Slovenian model who is 24 years his junior. Melania is now 45, and if I were her I’d be looking over my shoulder.
Trump has a long history of misogynistic comments directed at women who cross him (Franklin Foer documents many of them here), and one common strain running through them is the presumption that women’s worth is a function of their appearance. When he wants to be nice to a woman, he tells her she’s beautiful. And when he tangles with another man, he’ll sometimes seek to establish his superiority by asserting that he’s had sex with more women than his opponent; in other words, he has more trophies, so he’s the dominant male.
There was simply no way that Trump was going to get into a one-on-one contest with another candidate and not eventually try to puff out his chest and claim this kind of sexual primacy. Up until now he’s done it to other opponents in slightly more subtle ways (calling Jeb Bush “low energy,” referring to Marco Rubio as “little Marco”), but as the stakes get higher and we near the end of the primaries, his more base instincts and impulses are obviously coming out.
As I argued last week, if Trump and Hillary Clinton are the nominees, this election will likely produce the largest gender gap in American political history. Trump’s unfavorable ratings among women have already hit 75 percent in some polls. And it’s important to understand that controversies like the one with Cruz, where Trump says or does something that women (and plenty of men) immediately understand as sexist, are going to happen again and again, particularly with Clinton as the Democratic nominee. That’s because Trump can’t help himself, and doesn’t even seem to realize what he’s doing. For instance, consider this incident:
“I’d hit you the same way,” Trump told NBC’s Chuck Todd in February when pressed on the issue. “I mean, you are the perfect one to ask that question — you have been, you know, under fire from me for a long time, and you are far from a woman.”
“I think there are some women — there’s one sitting right over there in the beautiful red dress. You see that woman over there? I have great respect for that woman over there,” he said, as Todd clarified to viewers that Trump was talking about veteran reporter Andrea Mitchell.
The lack of self-awareness on display here is truly spectacular. Trump thinks that he should be exonerated from the charge of sexism because he attacks men too. And then as proof, he points to Andrea Mitchell, one of the most recognizable journalists in America, and refers to her as “one sitting right over there in the beautiful red dress.” I’m sure he thought he was complimenting her by noting her appearance approvingly. He just doesn’t get it.
As soon as he has the nomination in hand, Trump will start pivoting to the general election in many ways, by changing his emphasis and moderating some of his positions. I’m sure he’ll say, as he has before, that he’ll be great for women because nobody values women more than he does. He may even point to a couple of policy positions, like his opposition to defunding Planned Parenthood, as proof. But every time one of these controversies happens, it digs him deeper and deeper into a hole with women voters, one that’s going to be almost impossible for him to climb out of. And there will be a lot more of them.
By: Paul Waldman, Senior Writer, The American Prospect; Contributor, The Plum Line Blog, The Washington Post, March 25, 2016
“Old Songs With New Refrains”: ‘Religious Freedom’ Laws Are About Freedom To Discriminate
Across the land, heroic male legislators are rising up to protect the lives and virtue of women and girls from sexual predators.
They are not, as one might hope, enacting laws that would prevent men convicted of domestic violence from owning firearms, even though that would surely save precious female lives.
Nor are they working with colleges and universities to ensure fair investigations of campus sexual assault, even though this would greatly help many a female coed.
And, alas, they aren’t doing anything to help or prod police agencies to process the backlogs of rape kits, even though this would surely put many more violent sex offenders behind bars.
No, the state legislators — instigated mostly by Republican members — are obsessed with women and girls’ use of the bathroom. They’re freaked out that someone who was born male but who now identifies as female could wind up in the neighboring stall.
North Carolina is the latest state to mount this little charade of chivalry. In a special session Wednesday, with mere minutes for members to read and digest the bill’s language, the legislature decreed that municipalities could not pass antidiscrimination laws protecting people on the basis of sexual orientation or gender identity. In other words: People in the state must use the bathroom designated by the gender on their birth certificate.
The move is part of a broad backlash against the American public’s growing acceptance that sexual orientation and gender identity are privacy issues that deserve respect and civil rights protection. It flared up in response to the U.S. Supreme Court’s 2015 ruling clearing legal obstacles to gay marriage.
When it comes to bathrooms, legislators express concern about sexual predators using more open bathroom access to attack vulnerable women and girls. Yet there is no trend of such attacks. A more honest conversation with transgender people would make that point. But honest dialogue isn’t how this is playing out — although it did play a decisive role in convincing South Dakota Gov. Dennis Daugaard to veto his state legislature’s bathroom bill.
What proponents can’t get over is that national attitudes have shifted rapidly in regard to lesbians, gays, bisexual and transgender people. People have by and large given LGBT people a fair hearing and have decided they deserve fair treatment. Much of what remains of the opposition is draped with the cloak of religion. Hence the plethora of so-called religious freedom laws and amendments, whose real aims are such things as keeping homosexuals from becoming foster parents or barring transgender people from using the restroom they choose — in other words, keeping them from being accepted in society. Georgia, Kansas, Missouri, Arkansas are a few of the states where such bills have been passed, executive orders have been issued, or where such measures are under consideration.
Corporate and sporting entities see the danger. The NFL has warned Georgia that it could lose the opportunity to host the Super Bowl. The NCAA has made its intolerance for legalized discrimination known to Missouri and Indiana. And companies as diverse as Wal-Mart, Monsanto, Disney and MasterCard have also asserted their distaste for doing future business where these proposals may pass into law.
The companies get it. They know that “open to the public” means all of the public. No one is saying that anyone’s church must marry gay people.
Here is what proponents of the bills do not tell you: Sexual orientation and gender identity are not universally protected in America. In many cities and states, you can be fired, denied a house or an apartment simply because the boss or seller or landlord believes that you are gay.
The lack of legal protection for the LGBT people is what these disingenuous legislators are using as a basis for further deceiving constituents. They want the right to discriminate, enshrined and in many cases codified as a religious right, even when they are operating in a public square.
That’s what is most offensive — invoking God as a pretext.
Those who stood for slavery and against civil rights tried that ploy. Proponents of the anti-LGBT measures don’t like the comparison, but the shoe fits.
Ratcheting up fears in response to social change and then claiming that it’s your religious right to discriminate is an old trick. Alongside housing covenants, bank red-lining, scare tactics about crime, including sexual assault by black men, these arguments were shamefully hypocritical. These are old songs, with new refrains.
By: Mary Sanchez, Opinion-Page Columnist for The Kansas City Star; The National Memo, March 25, 2016
“Crazy About Money”: Cruz’s Obsession With Gold Would Do Even More Economic Damage Than Trump
In this year of Trump, the land is loud with the wails of political commentators, rending their garments and crying out, “How can this be happening?” But a few brave souls are willing to whisper the awful truth: Many voters support Donald Trump because they actually agree with his ideas.
This is not, however, a column about Mr. Trump. It is, instead, about Ted Cruz, who has emerged as the favored candidate of the G.O.P. elite now that less disagreeable alternatives have imploded.
In a way, that’s quite a remarkable development. For Mr. Cruz has staked out positions on crucial issues that are, not to put too fine a point on it, crazy. How can elite Republicans back him?
The answer is the same for Mr. Cruz and the elites as it is for Mr. Trump and the base: Leading Republicans support Mr. Cruz, not despite his policy positions, but because of them. They may not like his style, but they agree with his substance.
This is true, for example, when it comes to Mr. Cruz’s belligerent stance on foreign policy. Establishment Republicans may wince at the candidate’s fondness for talking about “carpet bombing” or his choice of a noted anti-Muslim bigot and conspiracy theorist as an adviser.
But both Jeb Bush and Marco Rubio chose foreign policy teams dominated by the very people who pushed America into the Iraq debacle, and learned nothing from the experience. I know I wasn’t the only observer who looked at those rosters and thought, “They will, in fact, be greeted as liberators.”
And then there’s a subject dear to my heart: monetary policy. You might be surprised to learn that few of the subjects I write on inspire as much passion — or as much hate mail. And it’s a subject on which Mr. Cruz has staked out a distinctive position, by calling for a return to the gold standard.
This is, in case you’re wondering, very much a fringe position among economists. When members of a large bipartisan panel on economic policy, run by the University of Chicago business school, were asked whether a gold standard would be an improvement on current arrangements, not one said yes.
In fact, many economists believe that a destructive focus on gold played a major role in the spread of the Great Depression. And Mr. Cruz’s obsession with gold is one reason to believe that he would do even more economic damage in the White House than Mr. Trump would.
So how can elite Republicans — people who have denounced Mr. Trump in part because they claim that he advocates terrible economic policies — be supporting a candidate with such fringe views? The answer is that many of them are also out there on the fringe.
This wasn’t always true. As recently as 2004, Bush administration economists lauded the very kind of policy activism a return to the gold standard is supposed to prevent, declaring that “aggressive monetary policy can help make a recession shorter and milder.” But today’s leading Republicans, living in their own closed intellectual universe, are a very different breed.
Take, as a not at all arbitrary example, Paul Ryan, the speaker of the House and arguably the de facto leader of the Republican establishment.
As I have pointed out on a number of occasions, Mr. Ryan is fundamentally a con man on his signature issue, fiscal policy. Incidentally, for what it’s worth, Mr. Cruz has been relatively honest by his party’s standards on this issue, openly declaring his intention to raise taxes that hit the poor and the middle class even as he slashes them on the rich.
But Mr. Ryan seems to be a true believer on monetary policy — the kind of true believer whose faith cannot be shaken by contrary evidence. It’s now five years since he accused Ben Bernanke of pursuing inflationary policies that would “debase” the dollar; if the rising dollar and slumping inflation that followed has ever given him pause, he has shown no sign of it.
But what, exactly, is the nature of his monetary faith? The same as the nature of Mr. Cruz’s beliefs: Both men are devotees of Ayn Rand, even if Mr. Ryan now tries to downplay his well-documented Rand fandom.
At one point Mr. Ryan got quite specific about his intellectual roots, declaring that he always goes back to “Francisco d’Anconia’s speech on money” — one of the interminable monologues in Rand’s “Atlas Shrugged” — “when I think about monetary policy.” And that speech is a paean to the gold standard and a denunciation of money-printing as immoral.
The moral here is that we shouldn’t be surprised by the Republican establishment’s willingness to rally behind Mr. Cruz. Yes, Mr. Cruz portrays himself as an outsider, and has managed to make remarkably many personal enemies. But while his policy ideas are extreme, they reflect the same extremism that pervades the party’s elite.
There are no moderates, or for that matter, sensible people, anywhere in this story.
By: Paul Krugman, Op-Ed Contributor, The New York Times, March 25, 2016
“The Lies Mitch McConnell Tells”: He Knows He’s Lying, You Know He’s Lying, And He Knows You Know He’s Lying
A few words about the pious insincerity of Mitch McConnell.
As you are no doubt aware, McConnell, the Senate majority leader, announced on the very day that Supreme Court Justice Antonin Scalia died that he would refuse to hold hearings on any replacement nominated by President Obama. McConnell’s “reasoning,” if you want to grace it with that word, was that since the president has less than a year left in his term, the appointment should be made by whomever the American people choose as his successor.
Last week, after Obama fulfilled his constitutional duty by nominating respected federal judge Merrick Garland to the post, McConnell renewed his refusal. “The Biden rule,” he said, “reminds us that the decision the Senate announced weeks ago remains about a principle and not a person. It seems clear that President Obama made this nomination not with the intent of seeing the nominee confirmed, but in order to politicize it for purposes of the election.”
The American people, added McConnell, should have a say in this. “So let’s give them a voice. Let’s let the American people decide.”
There are four lies here, each more threadbare and cynical than the last:
1. The Biden rule? There is no such thing. There is only an opinion Vice President Biden expressed 24 years ago as chairman of the Senate Judiciary Committee, that if a vacancy opened on the top court during convention season — which is still several months off — the president should “consider” not nominating a replacement until after the election. It bears repeating: Biden never said the president should not nominate or the Senate should not vote; he only suggested waiting until “after the election” to do so.
2. It’s the president who’s politicizing this? In psychology, that’s known as “projecting.” Around the way, it’s known as the pot calling the kettle black.
3. “A principle and not a person?” No, it’s about a person — the same person, the president — toward whom McConnell and his party have expressed such unremitting disrespect the last seven years.
4. The voice of the people? The people have already spoken — twice — in elections that were not close. For that matter, they are still speaking. A recent Washington Post/ABC News poll says 63 percent of us want the Senate to hold hearings and vote.
McConnell should just claim he’s too busy arranging his sock drawer. That would be more credible than the excuses he’s given.
The quality of a lie is a direct reflection of the respect the liar has for the person being lied to. That will seem counterintuitive, but consider: You put effort into a lie, work to make it plausible, credible, believable, when you have regard for the recipient, when his good opinion matters or his discovery of the truth would be disastrous.
That being the case, what does it suggest when you put as little effort into a lie as McConnell has?
Indeed, while he has been roundly condemned for disrespecting the president, let’s spare some outrage for the way he is also disrespecting us. Not just in failing to do his job, but also in offering such a transparently dishonest rationale for it.
He knows he’s lying, you know he’s lying and he knows you know he’s lying. But you get the sense he doesn’t care. Why should he? Those who need to believe there’s a noble principle behind this obstructionism will be willingly gulled. As to the rest of us, so what?
That’s not statesmanship. It is not even politics. It’s just contempt — and not only for the president. If we cannot count on McConnell and his party to do the country’s business and behave in a manner befitting serious people in positions of responsibility, perhaps it’s not too much to ask that they at least spare us that.
Tell better lies next time.
By: Leonard Pitts, Jr., Columnist for The Miami Herald; The National Memo, March 23, 2016
Share This Blog
Unknown Feed- An error has occurred; the feed is probably down. Try again later.
mykeystrokes.com 