Economy

Amazon Tax Breaks

Jeff Bezos, the richest man in the world, just got $2 billion in tax breaks to move his company to New York and Washington, DC. The L.A. Times says Amazon played American cities for suckers.

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R3publicans:  Today’s Biggest Loser

Well done, Quisling. Couldn’t run your own caucus with the Speaker’s gavel and a 23 seat lead. Couldn’t kill Obamacare even after 8 attempts, couldn’t fund the border wall, couldn’t help bloating the budget, growing the deficit, and couldn’t stop ****** over the Republican base or backstabbing the President at every opportunity, then bolted for the door when the chickens were going to come home to roost. (Joined betimes by a basket of fellow GOPe RINOs who could smell the change in the political wind.)

read more at http://raconteurreport.blogspot.com/2018/11/todays-biggest-loser.html

summary via R3publicans

Raising Rates

As the economy grows the fed has been raising interest rates. President Trump isn’t pleased and he let Chairman Powell know it. He said “it looks like he’s happy raising rates.” As of Wednesday stocks were negative territory for the year.

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Facebook Face Plant

The stock market unfriended Facebook yesterday. Investors vaporized $119 billion of Facebook’s value – 20% of the company’s market cap. It was the biggest 24 hour stock sale  in history.
Facebook Face Plant
Founder Mark Zuckerber…

Click on the headline link to continue reading via OKGrassroots

Koch Brothers Abandon Trump

The Koch brothers have jumped ship. They’ve given millions to Republicans in the past but they say they’re more interested ideas than party. Daniel Henninger in the WSJ reports, “In an interview, Charles Koch said trade wars and prosperity were incompatible and that his organization’s financial support wouldn’t depend on party affiliation.” Donald Trump called Koch…

Click on the headline link to continue reading via OKGrassroots

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Draining the Swamp

Trump’s draining the swamp by cutting  taxes and regulations. And now the economy is booming.

But he’s slapping tariffs on friends and foes alike. Friends can get exemptions. But to do that they have to hire lobbyists to work the bureaucratic maze.

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