Battle For The Consumer Protection Agency

Fact; Not Fake Trump News! After the financial collapse in 2008, President Obama and the Democrats passed legislation creating the CFPB, as one of the remedies protecting America from the evil doers ever again destroying the economy. The Consumer Financial Protection Bureau has returned more than $12 billion back to consumers who were cheated or deceived by banks, lenders and other tricksters. Some of the biggest recipients of these consumer protections are our Veterans and their families, who often struggle during deployments and are frequent victims of financial shenanigans; and of course the poorest of the poor, many who inexplicably voted for Trump. Does the recent Wells Fargo scandal ring a bell? The GOP’s rich and powerful political donors have given the Republi-cons their marching orders; destroy the CFPB! Tell your representatives to stand up for America’s consumers and the CFPB.    John Hanno

UPI: Acting consumer bureau chief sues Trump admin in power struggle

By Ed Adamczyk     November 27, 2017

Federal Consumer Protection Bureau acting director Leandra English filed a lawsuit Sunday to keep her position, after President Donald Trump named budget director Mick Mulvaney, pictured, to the post. File Photo by Olivier Douliery/UPI/Pool

Nov. 27 (UPI) — The acting head of the U.S. Consumer Financial Protection Bureau has filed a federal lawsuit that says President Donald Trump overstepped his authority by trying to replace her with budget director Mike Mulvaney.

The resignation Friday of CFPB chief Richard Cordray came after he appointed Leandra English, his former chief of staff, as acting director.

Trump, however, announced that Mulvaney, his Office of Management and Budget director, will take over the leadership post instead.

English argues in her lawsuit, filed late Sunday, that the court should deny the Trump administration’s claim that the Federal Vacancies Reform Act permits him to appoint a new director.

“The president’s purported or intended appointment of defendant Mulvaney as acting director of the CFPB is unlawful,” the legal challenge states. “The president’s use of the Federal Vacancies Reform Act to appoint an acting director of the CFPB would be an obvious contravention of Congress’s statutory scheme.”

The CFPB was established in 2011 to protect consumers in dealings with banks regarding debt collection, credit card and loan companies. Republicans have said the agency has too much power and unnecessarily burdens banks and credit card companies. Mulvaney, while a member of Congress, co-sponsored a bill to eliminate the agency.

A permanent director of the agency must be nominated by the president and confirmed by the Senate.

Sen. Lindsay Graham, R-S.C., told CNN Sunday that Trump is on “good ground” to appoint Mulvaney and called the CFPB “the most out of control, unaccountable federal agency in Washington.”

Mary McLeod, CFPB general counsel, said in a memo this weekend that Trump has the power to appoint Mulvaney.

“Statutory language, legislative history, precedent from the Office of Legal Counsel at the Department of Justice, and case law all point to the conclusion that the President may use the Vacancies Reform Act to designate an acting official, even when there is a succession statute under which another official may serve as acting,” she wrote.

“It’s a watchdog agency. Wall Street hates it like the devil hates holy water, and they’re trying to put an end to it with Mr. Mulvaney stepping into Cordray’s spot,” Sen. Dick Durbin, D-Ill., countered.

The Hill:  Succession battle at consumer agency intensifies

Reuters       November 27, 2017

The two officials both claiming to be the rightful acting director of the Consumer Financial Protection Bureau are battling for control of the agency on Monday morning.

Office of Management and Budget Director Mike Mulvaney, who President Trump says is now in charge of the consumer bureau, showed up for work with donuts and ordered CFPB employees to ignore all directives from Deputy Director Leandra English and report them to the agency’s legal department, according to Reuters.

Mulvaney was seen entering the CFPB’s headquarters in downtown Washington carrying a Dunkin Donuts bag.

English, whom former CFPB Director Richard Cordray named as his successor, sent the director’s weekly email to CFPB employees this morning, addressing herself as the “acting director.”

She also briefed lawmakers at the Capitol Monday on her transitions plan, a source familiar with the plans told The Hill.

The White House told CNBC that Mulvaney was given access to the director’s office with full support from the bureau’s staff, despite the lawsuit filed against him and Trump by English.

English sued Trump and Mulvaney in federal court on Sunday night to block Mulvaney from taking acting directorship of the CFPB. She cited the CFPB’s line of succession as enacted in the Dodd-Frank Act, which calls on the deputy director to serve as acting chief when between permanent directors.

English claimed that Trump violated Congress’s will by claiming he had the power under the Federal Vacancies Act to supersede Dodd-Frank. However, the CFPB’s chief counsel issued memo to employees supporting the White House’s nomination of Mulvaney.

The Justice Department released memo on Saturday arguing that it is within Trump’s authority to appoint Mulvaney as the interim director of the CFPB.

Prominent Democrats, who have fiercely defended the CFPB under Cordray, called Trump’s appointment of Mulvaney an illegal attempt to destroy the agency from within.

While serving as a congressman before joining Trump’s administration, Mulvaney sponsored bills to eliminate the CFPB and backed other legislation to put it under closer legislative oversight.

Mulvaney has in the past called the bureau “a sick, sad joke” that shouldn’t exist.

Roy Moore Is Deplorable, and Donald Trump Condoning His Sins Is Unforgivable

Daily Beast – Opinion

‘Enemy Action’

Roy Moore Is Deplorable, and Donald Trump Condoning His Sins Is Unforgivable

The judge’s behavior is unforgivable, no matter what your ideological leanings and party identification may be.

Rick Wilson      November 26, 2017

A society where nothing is forgivable is as untenable as one where every transgression is hand-waved away. The things we forgive in the name of compassion should be many. The things we forgive in the name of comity should be large. That said, the things we forgive in service to partisan tribalism should be tightly constrained.

The things we should forgive for a child-molesting, law-breaking, edge-case whackjob who will stain the Senate and the Republican party with his creepy sexual predilections, his contempt for the rule of law, his thinly veiled racial animus, and his role in the firmament of Bannonite political arsonists? Pretty much nothing.

The judge’s behavior is unforgivable, no matter what your ideological leanings and party identification may be. That hasn’t stopped President Trump and Steve Bannon from continuing to back Roy Moore. The only people in Washington with even vaguely clean hands are in the hated Establishment, which dropped Moore like a radioactive potato after his grotesque behavior with teenage girls made the news.

This week, just to prove that their response to hitting rock bottom is to bellow, “Keep digging!” the Trump Administration sent a clear signal it’s perfectly happy with Moore’s history of serial child sexual assault as long as he’s a solid vote on their tax bill. It started on the weekend politics shows with Mick Mulvaney of the White House Budget office and Mark Short, the White House legislative liaison, rolling out the Team Trump line of, “We’ll leave it to the people of Alabama to decide.”

This is an administration and a president with a declarative opinion on everything from NFL policies to NCAA basketball players to Kim Jong Un’s waistline. You might have noticed that President Best Mind has many opinions he shares briskly and loudly on Twitter, generally in the mornings when he’s perched his ample backside on the golden toilet in the executive residence of the White House. Suddenly, nay, miraculously, Trump and his minions have no opinion on what should be done about Roy Moore. It’s an election miracle!

It took Kellyanne Conway—a woman whose soulless, serial lying has become the entirety of her personality—to grab the controls of the Trump plane and send it crashing to the ground faster than Roy Moore’s pants as he lurks under the bleachers at a high school cheerleading practice. On an appearance on Fox and Friends, which in the White House has an audience of one, Conway argued for Dirty Roy saying, “I’m telling you, we want the votes in the Senate to get this tax bill through.”

Even the Fox News hosts had a moment of stunned silence, perhaps shocked that a senior counselor to the president of the United States was defending Alabama’s Uncle Creepy, perhaps hypnotized by the last tiny shred of Conway’s integrity begin vaporized live on television in service to Steve Bannon’s hand-picked candidate.

For far too many on the conservative side of the fence, the defenses of Moore have taken on one of two strained, agonizingly contradictory themes. The first path is “Moore is bad, but Doug Jones will vote with the Democrats.” This is tribal whataboutism at its peak. Doug Jones isn’t going to be the deciding vote on squat in the U.S. Senate; he’s there for two years at most if the good people of Alabama can nominate a Republican candidate who isn’t a kid-fondling reptile.

The second, blisteringly stupid argument is that this is some kind of grand conspiracy theory and the real villain in the story of Moore’s victims is… wait for it… the news media. The argument, as tiresome as it is predictable, in what remains of the ruins of the conservative movement comes down to this: “Well, Roy Moore may be a guy who likes to have teen girls touch his junk in his backwoods love shack, but hey The Washington Post is worse, amirite?”

Then there’s the Bannon-fueled conspiracy theory faction, which has been out in force for a couple weeks, like grotesque locusts. The usual cast of characters has been in evidence, digging for dirt, not on Moore, but on his victims. The Virgin Matt Boyle, a stout little gargoyle usually perched on Steve Bannon’s scrofulous shoulder, was deployed to Alabama briefly, but ended up confirming The Washington Post’s reporting. Infowars and the Gateway Pundit’s Jim Hoft—rightly called the Stupidest Man On The Internet—have been full throttle in trying to turn Moore’s mess into a Deep State conspiracy.

Sadly, the Never Trump movement’s time machine is in the shop, so as disappointing as this may be, Bill Kristol, Jeb Bush, and I didn’t travel back in time to the 1970s and use our RINO powers to make Roy Moore a pedo-curious sleazebag.

The vast majority of Americans believe Moore’s victims came forward to expose the true nature of his behavior. The Bannon right may not, but it’s worth reviewing the old Ian Fleming rule: “Once is happenstance. Twice is coincidence. Three times is enemy action.”

Let’s play political shenanigans, and grant that one case could be a set up. Maybe. Two? Almost impossible. Now that we’ve heard from ten women who have made credible on-the-record claims backed up by contemporaneous eyewitnesses, the chances of this being a conspiracy are absolutely zero.

For the emergent kook-right who see an army of Soros-NWO-ZOG Lizard People Illuminati Deep State disinfo agents working to bring down Donald Trump while imposing Sharia law in every burg in this great nation of ours, let me give you some real talk: Skip your Alex Jones vitamins and remove the tinfoil hat, please.

Hermetic, secure conspiracies to knock out political opponents are the stuff of novels. Conspiracy is hard. It doesn’t work like House of Cards. Fabricating evidence that holds up to the light is even harder. Coaching and training witnesses to deliver cogent, consistent lies is harder still. Everything leaks eventually. People are flawed. Mistakes get made. I’m not going to try to convince the pro-Moore residents of Alabama, the readers of Chumpbart, or the eager Bannonite hordes that this is the case, but it is.

As for the Moore supporters in Alabama, by God, you may get your wish. You may elect a man who puts his personal religious views before the Constitution, who has lied and blustered his way to into the arms of Steve Bannon and Donald Trump, but you won’t be proud of him in the end. What’s done in the dark will be brought to the light, and you’ll carry the guilt of supporting a man whom history will record as a child molester as a U.S. senator.

For Moore’s defenders, enablers, and the crew of whataboutists, just remember: Some stains don’t wash out. Some actions can’t be forgiven.

Offshore Wind Farms

350.org

These offshore wind turbines are powering 3,000 homes in Europe and helping create a diverse and robust marine ecosystem.

Offshore Wind Farms

These offshore wind turbines are powering 3,000 homes in Europe and helping create a diverse and robust marine ecosystem.

Posted by 350.org on Sunday, November 26, 2017

India driven by the sun! 

EcoWatch

India driven by the sun!  Read why we must act now:                  ecowatch.com/india-air-pollution

India driven by the sun!Read why we must act now: ecowatch.com/india-air-pollution

Posted by EcoWatch on Sunday, November 26, 2017

Healthy Air Campaign

EcoWatch

November 23, 2017      Happy Thanksgiving. Hoping our children will benefit from climate action instead of suffering from climate destruction.

via Healthy Air Campaign

Happy Thanksgiving. Hoping our children will benefit from climate action instead of suffering from climate destruction. via Healthy Air Campaign

Posted by EcoWatch on Thursday, November 23, 2017

GOP insider Bruce Bartlett: “The Republican Party needs to die”

Salon

GOP insider Bruce Bartlett: “The Republican Party needs to die”

Onetime Reagan White House aide Bruce Bartlett on the media’s massive failure and his own party’s living death

Bruce Bartlett (Credit: Getty/Drew Angerer)

Chauncey Devega          November 23, 2017

American democracy is in crisis, a fact that should be obvious to everyone but that too many people keep ignoring. The president of the United States, Donald Trump, does not believe in or respect basic norms of democratic governance. His words and behavior reveal a deep affinity for fascism.

Over the last few decades there has been an increase in authoritarian values among American voters, and this is especially true for Republicans and other conservatives.

The Citizens United decision defined corporate money as free speech. This undermines American democracy by allowing the most powerful business interests and the richest individuals to overrule and veto the desires of the American people.

The United States is an oligarchy.

Recent research shows that the country’s elected officials are most responsive to the rich, business interest groups and others with the resources to buy access.

The Republican Party uses gerrymandering and voter suppression to remain in power. It has ceased to believe in any form of compromise or negotiation with Democrats or liberals. This has made consensus politics and a healthy, responsive, functioning government all but impossible.

Public faith in basic social institutions is declining and the American public, broadly speaking, lacks civic literacy. This is a recipe for the American authoritarianism and demagoguery embodied by Trump and the Republican Party.

Journalists, the so-called Fourth Estate, were supposed to sound the alarm about these developments. Instead, the corporate news media has all too often defaulted to a naïve belief that America’s democratic institutions are healthy and strong, thus able to resist any challenge or corruption. Instead of being truth-tellers who balance power by informing the public so the latter can make good decisions, the corporate media empowered Donald Trump and the Republican Party through a slavish devotion to “fairness” and “balance” and a “both sides do it” narrative.

How has the truth been assaulted by Donald Trump and the Republican Party? What role did Trump’s incessant lies and his talking points about “fake news” play in his election? How does the myth of the “liberal media” empower the American right? Is there any space for a liberal or centrist alternative to Fox News and the broader right-wing disinformation-propaganda machine? Can the Republican Party in its present form be saved? Does the Trump campaign’s alleged collusion with Russia during the 2016 presidential election reflect a larger cultural and political problem?

In an effort to answer these questions I recently spoke with Bruce Bartlett. He was a former White House adviser under President Ronald Reagan and also served under President George H.W. Bush. Bartlett is a regular contributor to the New York Times and has appeared on CNN, MSNBC and other major news networks. He is the author of the new book “The Truth Matters: A Citizen’s Guide to Separating Facts From Lies and Stopping Fake News in Its Tracks.”

A longer version of this conversation can be heard on my podcast, which is available on Salon’s Featured Audio page.

How do you think Donald Trump was able to get elected?

I admit that I was dismayed by the election results. As I thought about how it happened, it just seemed to me that a big part of the story is the media. The media is broken and has adopted certain conventions that I think have normalized Trump’s craziness as well as the craziness of the Republican Party.

Why do you think the mainstream news media was so reluctant to directly confront and expose Trump’s lies? 

When the mainstream media began to downsize to cope with the loss of revenue from advertising and subscribers, the first thing they did was lay off their most senior reporters. They were able to save a lot of money that way. The problem is that a lot of journalistic training takes place informally in the newsroom, where young reporters learn from the old veterans who have been around for a long time. One of the things that you learn in that way that can’t be taught in the university is how to tell when somebody is lying.

There is also “he said, she said” journalism, where in order to gain access to a source that can now go around the traditional news media through Twitter and other methods you have to give them whatever they want.

Your source has to be convinced that you’re going to be good to them and get their message out the way they want it to be gotten out, so reporters are now almost forced to be stenographers. Now, obviously the reporters can’t just do that, but neither can they inject themselves into the story and say, “OK, here’s what my source inside the campaign is saying but my reporting and examination of the facts says this is all bullshit, that it’s a lie.” They can’t do that because then they burn their source, the source will never talk to them again if they tell the truth.

Instead, they go to the Clinton campaign and say, “What do you think about this statement that was just given to me by somebody in the Trump campaign?” They will say whatever it is they say and the reporter will take that down. “Trump said this, Clinton said that,” and that’s all you get. You don’t get the follow-up, you don’t get the reporting, the analysis, the fact-checking that would tell you which one is right and which one is wrong.

Conservatives have also created a cudgel with the myth of the “liberal news media.” It intimidates the press into being subservient to their agenda in the interest of “fairness” and “balance.”

Yes, but I also think that organizations like the New York Times bend over much too far backwards. I don’t know why they bother. Conservatives don’t read the New York Times; they’re not going to lose any subscribers by telling the truth.

If you were to pick a moment when the media landscape changed in a way that helped to birth Donald Trump’s presidency, what would it be?

I think there are several inflection points. I would go back to 1969 as the beginning, because that was the year that Spiro Agnew gave his famous speech attacking the media. It set the tone for everything conservatives have thought about the media ever since, which is that it is “elitist,” opposed to their values, and hopelessly liberal. It was nonsense then and it’s certainly nonsense now.

As a consequence, conservatives I think have long drifted away from the mainstream media and sought out alternative media. Even before talk radio, it was very common that conservatives would get much of their news from newsletters and small magazines like Human Events. The fact that conservatives had an alternative media network actually put them in a good position once the mainstream media began to decline.

I think liberals, by contrast, have always been very happy with the mainstream media. I think Democrats really depended on the New York Times to come up with good ideas for policies and hearings and so on. Then came the ending of the Fairness Doctrine, which immediately gave rise to Rush Limbaugh and others of his ilk. I think the next inflection point was of course the Republican takeover of Congress [in 1994] and then the creation of Fox News very shortly thereafter.

Why do you think there has not been a successful counter to right-wing talk radio, and right-wing media more generally, from liberals and centrists?

Well I think the simple answer is that liberals and centrists are perfectly content with the mainstream media. They’re very happy with the New York Times and the Washington Post exactly as they are; they’re happy with ABC, CBS, NBC and NPR. People forget that NPR is essentially liberal talk radio, and that’s one reason why a more explicitly liberal type of talk radio couldn’t compete. NPR, like Limbaugh, is very, very good at what it does. I think that’s a big part of the problem.

And of course liberals never had a chip on their shoulder — they never felt that the media was biased against them and they never felt that their ideas were ridiculed the way Republicans and conservatives have always believed. The soil is simply not conducive to something that would be more explicitly liberal.            

Back in the 1960s, the political scientist and historian Richard Hofstadter famously wrote about the power that anti-intellectualism and the “paranoid style,” i.e., conspiracy theories, held over American conservatives. Decades later, fringe narratives are now the mainstream in American conservative thought and media. This is extremely dangerous for democracy. How can we find solutions to problems when we can’t agree on the nature of empirical reality?

I think you’ve touched on one of the most disturbing aspects of the Fox News phenomenon, which is that it normalizes and mainstreams a lot of nutty crackpot conspiracy crap that would otherwise stay in the fever swamps of the far right.

I have an idea, and tell me if you think it is viable. The so-called experts and other talking heads who appear on the TV news should have their qualifications, professional relationships (i.e., who is paying them) and political affiliations listed under their names. This would help the public to understand the agenda at work. Do you think that would actually help our public discourse?

Well, I don’t know if it would help, but I do think it is genuinely desirable. There is no reason why that information could not at a minimum be posted online. You reminded me of another moment that changed my thinking about how this all operates. Many years ago when cable news became ubiquitous, I was working for a conservative think tank and I was often invited to be a talking head on various networks.

In the very early years I would usually be on with somebody like myself — for example, a senior fellow at a liberal think tank. The problem from the point of view of producers was there were no fireworks because we respected each other. We understood what the data was, we understood what the literature was, our differences were not that great and we often agreed with each other. Producers hated this.

I noticed after a few years that I was no longer being put on against a peer but instead people that I had no idea who they were. For example they were a “Democratic consultant” or a “liberal activist” — very vague terms. I’d never heard of these people and in fact when I would go online to look them up I couldn’t find anything. It was as if they literally didn’t exist. Another problem was that these people I was up against clearly had gotten media training. All the networks have the same attitude about talking heads, which is that they want somebody who’ll give the rote repetition of the Republican line of the day and someone else who’ll give the rote repetition of the Democratic line of the day. There will be absolutely zero agreement and preferably they’ll yell at each other and scream and we’ll have fireworks, which are good for ratings.

With your many years of experience in Washington, with the news media, and now your new book on “fake news,” how much does the Russia scandal remind you of Watergate? Or do you think what Robert Mueller uncovers about Donald Trump and his associates will be even worse? 

I hope not. But I am prepared for it. Trump is clearly the most incompetent president we’ve ever had in our lives. Richard Nixon may well have been the smartest. Nixon was cursed by paranoia, and I think Trump is as well. The question then becomes: Is this incompetence a good thing or a bad thing? Is it more dangerous to have a paranoid incompetent than it was to have a highly intelligent paranoid person as president? I don’t think we can tell. When I hear Trump talk, I sometimes have this feeling that he literally had no idea what was going on in his own campaign. He can deny these allegations and be perfectly truthful in his own mind because nobody told him.

He’s a useful idiot.

That’s one way of describing him. It may be that he is the person who will be the most shocked when the truth finally comes out. He may say, “Oh my God, I had no idea my son-in-law was doing such stupid things.”

To watch the national and global calamity that is Trump’s presidency in real time is unbelievable. If someone had told me 10 years ago that the country would be in such a crisis I would have said they were crazy. Do you feel the same way, or did you see it coming given how extreme the Republican Party has become over the last few decades?

Well, it’s vastly worse than I could possibly have imagined. I had this naïve idea that Trump had been a successful businessman because he had competent staff. I just assumed that Trump’s company had an army of lawyers and vice presidents with MBAs from Harvard Business School who went around like the guy behind the elephant in the parade with a broom and a shovel cleaning up his messes and fixing the contracts and getting the deals done properly that their boss was too incompetent to do himself. I just assumed that once he got into the White House we’d find these people would just come in and run things. I was shocked that that wasn’t the case. There was nobody.

If someone were to ask you why Trump’s voters backed him, how would you answer?

That’s the $64,000 question. Certainly a big part of it was voter fatigue. As far as the Democrats are concerned it has been true since at least the post-World War II era that each party gets eight years — and only eight years. There is only one exception to that rule and it was George H.W. Bush. It was probably in the cards that whoever got the Republican nomination was in a much better position to win than was generally assumed. Of course, Hillary Clinton turned out to be a historically poor candidate not just in a general way but also technically. From what I’ve read about her campaign, Hillary didn’t do statewide polling in the last couple of weeks before the election and really had no idea what was going on in critical battleground states.

The Comey letter [to Congress in late October] was horribly timed of course. I think there’s been this idea in American politics for a very long time that outsiders have some kind of special gift as compared to professional politicians. Moreover, Republicans just love the idea of bringing in a businessman to run the government. What they don’t realize is what you end up with is somebody who has absolutely no training for the job. The most successful presidents in recent memory were men with massive amounts of skill, namely [Lyndon B.] Johnson and Nixon. They had been in government their whole lives.

How did today’s Republican Party, in your estimation, become the way it is? Can it be saved?

The Republican Party needs to die. It’s already a zombie. It’s brain dead. 

Chauncey DeVega is a politics staff writer for Salon. His essays can also be found at Chaunceydevega.com. He also hosts a weekly podcast, The Chauncey DeVega Show.

 

New dynamic score shows the Senate tax bill raises debt by more than advertised

Vox

New dynamic score shows the Senate tax bill raises debt by more than advertised

The math just doesn’t work

By Matthew Yglesias, Vox          November 24, 2017

Drew Angerer/Getty Images

Kent Smetters was in the trenches in the Newt Gingrich-era Congressional Budget Office and he’s a veteran of George W. Bush’s Treasury Department. His well-regarded new analysis just concluded the Republican tax plan won’t raise nearly as much revenue as its proponents say, or provide a meaningful boost to economic growth.

The problem, according to a pair of new analyses by the Penn-Wharton Budget Project, is that the Senate Republicans’ tax bill would increase federal debt by more than advertised, and increased debt accumulation would counteract much — or potentially all — of the positive growth impact of tax cuts. The result will likely be lower incomes for the bottom half of the income distribution even before considering the negative impact of inevitable spending cuts to offset the surprisingly low federal tax intake.

This is technical, in-the-weeds stuff, but that’s where tax policy happens. And you can bet that business lobbyists and the donor class aren’t afraid of delving into it.

To comply with the terms of the Byrd Rule that allows Senate Republicans to bypass a Democratic filibuster, the tax plan must meet two conditions. On the one hand, it needs to comply with the budget resolution’s mandate to raise the deficit by no more than $1.5 trillion over 10 years. According to Penn-Wharton, it does that. But on the other hand, it needs to not increase the long-term deficit in the years following.

And here’s where Penn-Wharton says that there’s a problem: “We estimate that the Senate TCJA continues to reduce revenue in years beyond the 10-year budget window.”

Critically, this conclusion does not change when they attempt a “dynamic” score that considers the potential growth-boosting effects of tax cuts. Instead, they find that “the Senate Tax Cuts and Jobs Act reduces federal tax revenue in both the short- and long-run relative to current policy. In the near term, there is a small boost to GDP, but that increase diminishes over time.”

Senate Republicans would like you to look past ugly distributive numbers and thing about broad growth effects. But the bottom line here is not even Republicans can make that math work out when they need to plug it into a rigorous model.

Penn-Wharton thinks gimmicks will reduce revenue

The tax bill has a three-part structure:

  • There’s a permanent tax cut for business owners.
  • That’s offset by a permanent tax increase for individuals.
  • In the short-term, the tax increase for individuals is offset by a temporary middle-class tax cut.

The goal, then, is to deliver a big business tax cut without increasing the long-term deficit. Penn-Wharton’s model suggests that this won’t work as well as the bill’s authors believe it will work, since individuals — especially rich ones who pay a lot of taxes and have good accountants — will engage in deliberate income shifting to take advantage of the temporary tax cuts, as well as “reclassification of income to exploit differences in marginal tax rates, potentially permanent or due to sunsets.”

In short, the Senate GOP leadership wrote a bill that’s designed to game the system with phase-ins and phase-outs, and Penn-Wharton thinks taxpayers will respond in kind — gaming the gamed system, reducing federal revenue, and increasing the long-term deficit.

Penn-Wharton Budget Model

The result is a plan that raises long-term deficits by significantly more than the bill is supposed to, even before you consider the impact of higher debt service costs.

Dynamic scoring doesn’t save the plan

For years, Republicans have hinted that they would ultimately enact a tax plan by engaging in dynamic scoring — i.e., a form of economic analysis that tries to argue tax cuts will boost economic growth and therefore tax collection and therefore be more affordable than they appear in a static context.

Yet curiously, the Trump Treasury Department has not yet produced a dynamic analysis of the president’s pet legislative project. The most likely reason for this is that the last time we had a Republican administration and its Treasury Department tried to do a rigorous dynamic analysis they found that they couldn’t make it work. The growth-boosting impact of lower marginal tax rates was largely offset by the growth-slowing impact of more government borrowing. To generate a scenario in which tax cutting boosted growth, the George W. Bush Treasury had to invoke the idea of a tax plan that was offset by large, unspecified spending cuts.

There’s no reason to believe an honest Treasury analysis of the Trump tax plan would show anything different.

And, indeed, that’s what the Penn-Wharton dynamic analysis shows: Growth is faster in the short-term because of Keynesian effects but it slows down in the longer-term because of more debt accumulation. Under optimistic assumptions, the economic pie gets slightly bigger but under pessimistic assumptions the economic pie gets slightly smaller.

Penn-Wharton Budget Model

These small-or-maybe-nonexistent growth impacts aren’t nearly enough to let the tax cuts pay for themselves. And the economic gains involved are very unequally distributed across the population.

The rich get richer

Penn Wharton finds that in the long-term, labor income will rise by somewhere between 1.2 percent and 0.2 percent as a result of the Senate’s tax plans.Penn-Wharton Budget Model

But recall that in the long-term, the tax plan actually raises taxes on most middle-class Americans.

This chart from the Center on Budget and Policy Priorities, based on Joint Committee on Taxation data, shows that households earning less than $50,000 will lose more from tax increases than they would gain from these dynamic boosts to labor income.

Center on Budget and Policy Priorities

In other words, the overall economic pie gets very slightly bigger. But the maldistribution is so bad that households in the bottom half of the income distribution end up with less money anyway — more than 100 percent of the aggregate gains go to the affluent.

Then, of course, you get to the matter of the increased debt. If that ends up being paid for by cuts to Medicaid, Medicare, and Social Security (and honestly where else are Republicans going to get the money) then poor and middle-class households will end up even worse off.

Here’s what would happen if the supervolcano under America erupted, experts say

Yahoo News UK Science

Here’s what would happen if the supervolcano under America erupted, experts say

Rob Waugh, Yahoo News UK          November 24, 2017

The Yellowstone supervolcano under America could erupt with terrifying power – expel up to 250 cubic miles of volcanic rock and ash at once.

The eruption could blanket large areas of America in ash – and possibly plunge Earth into a ‘volcanic winter’.

NASA has said that supervolcano eruptions are a bigger threat to life than any asteroid – but what would actually happen?

Yellowstone Volcano Observatory’s Scientist-In-Charge, Dr Michael Poland, told IFLScience that the eruption would shoot a column of burning ash and lava up to 16 miles into the air.

Rumors are circulating that the super volcano in Yellowstone National Park will erupt sooner than expected. Scientists say the eruption would blanket most of the U.S. in ash, sending the earth into a volcanic ice age.

Poland said ‘If people were present in the vicinity of the eruption, say, within a few tens to perhaps a few hundred kilometers – they would be in peril.

But the real damage woould come from ‘volcanic fallout’, which would clog roads, short out electrical grids and make millions of homes uninhabitable, Poland says.

Nearby cities such as Salt Lake City would be buried in three feet of ash, and other cities such as Los Angeles would see an inch of ash rain from the sky.

Flights would be grounded across America and the knock-on effects would be felt across the world as a ‘volcanic winter’ began to bite, with years and possibly decades of cooling.

Yellowstone’s last super-eruption happened 631,000 years ago, and Poland says it’s highly unlikely to erupt now.

He says, ’Right now, much of Yellowstone’s magma body is partially solidified, and you need a lot of magma to feed a large eruption.’

Thanksgiving 2017

                Thanksgiving 2017

John Hanno  November 23, 2017  

For last years Thanksgiving Day post, I recounted my pure joy and feelings of hopefulness after Barack Obama was elected in 2008. After 8 years of the Bush administration’s blunders in Iraq, the avoidable financial collapse and a major Republi-cession, most of America was ready for a political reset.

The new president was left with a monumental mess; but with help from Speaker Pelosi, Harry Reid and a Democratic controlled Congress, his administration reluctantly bailed out the banks, saved the auto industry, reversed the monthly loss of 800,000 jobs, cut the unemployment rate by half, tripled the stock market and spent a significant amount of good will and political capital, giving 30 million American healthcare, many for the very first time. And all that in the face of unprecedented opposition from the Republi-cons.

That all changed last November, when America’s rust belt states decided they had nothing to lose by voting for an egotistical flim-flam candidate like Trump.

I wrote then that I was afraid Trump would show us “who he really was”: ‘Like probably 80% of Americans who did not vote for Mr. Trump, I’m worried for America’s children and grandchildren, the poor, our middle class, labor, the environment, our Democracy and half of the rest of the world. And I worry that Trump will try to undo  60 to 75% of what President Obama accomplished. President Obama set the bar high with his performance in repairing the economy after the Republicans drove it into a ditch, by repairing our reputation around the world and by his integrity and concern for all human beings. If the Trump Administration can do half as well, I will be surprised. I sincerely hope I’m proved wrong.’

Unfortunately I was all too right! Trump proves daily why a 3 million majority of voters chose Hillary and not him. Every worry I had about how Trump would govern has come to fruition, including how he would attempt to undo every one of President Obama’s and the Democrat’s accomplishments. He has a sick and maniacal obsession with erasing every speck of President Obama’s legacy. Many of us realized early on, that the cabinet he would assemble, would not drain the swamp but would construct a diabolical cabal of self dealing, self absorbed, self interested billionaires and multi-millionaires, who couldn’t care less about 99% of American’s health care, employment, education, financial protections, environment; and who are so thoroughly incapable and unwilling to “Make America Great Again.” And the cowardly and unpatriotic Republi-cons in congress are willing to go along with any of Trump’s hair brained ideas, as long as they can pay back their rich campaign contributors with lucrative tax breaks favoring the rich and powerful.

But I’m thankful the “Resistance” is as strong today (if not stronger) as it was when Trump was installed by hook or crook or collusion with a foreign evil doer last November.

In spite of the dread and chaos that has enveloped our Republi-con Federal governance, I’m thankful for special prosecutor Robert Mueller and his team of truth finders. Hopefully, they can prove to the world that America’s Democracy is not for sale and can’t be undermined by a ruthless despot like Vladimir Putin and his conspirators in the Ult-Right Grand Old Party.

I’m thankful there are patriotic professional athletes like Colin Kaepernick, who might be willing to forsake a lucrative career in order to stand up for what they believe in. And the NFL should be ashamed for not whole-heartedly  standing by these thoughtful and principled young people.

I’m thankful my fellow Veterans will stand strong against Trump and the Republi-cons in congress attempts to privatize the V.A. health system.

I’m thankful the climate deniers pushing the Keystone XL, including Trump and his fossil fuel pandering EPA chief Scott Pruitt, will be tied up for at least 2 more years, because by then it will be obvious, this toxic tar sand pipeline is already obsolete.

I’m thankful women everywhere are now stepping forward and demanding they are more than just sexual objects to be exploited or abused.

I’m thankful some of the critters now populating the new GOP are finally standing by these women.

One of them is not serial abuser Donald J. Trump, who has enthusiastically endorsed sexual predator Judge Roy Moore. He and ultra-partisan Alabama governor Kay Ivey would rather vote for a man barred from shopping malls and high school sporting events because he prayed on under-aged girls, instead of a decent democrat like Doug Jones for U.S. Senator. They believe a reliable Republican Senate vote is more important than moral integrity; and this from the family values pretenders.

The New York Post, left, and New York Daily News are arranged for a photo, Wednesday, Nov. 22, 2017. The papers will often tackle the same topics on their front page, but only when the stars align do their colorful headline writers get the same idea. Both were reporting Wednesday on President Donald Trump's backing of Republican Alabama Senate candidate Roy Moore, who is accused of molesting a 14-year-old girl decades ago. Moore denies the charge. (AP Photo/Mark Lennihan)

Alabama voters will ultimately prove how far we’ve come in healing America’s political, gender and racial divides, when it decides whether they want to be represented in the U.S. Senate by a pedophile who was booted off the Alabama Supreme Court twice or by a Democrat with a high moral reputation and long and honorable history of advocating for under-represented Americans, like the murdered little girls killed when Ku Klux Klan members planted sticks of dynamite beneath the steps of their church.

Image may contain: 1 person, smiling, suit and text

Repeated from last years post: I’m thankful for all the organic and sustainable farmers like myself, who feed their neighbors without spoiling the earth. And I’m thankful for the organizations like MOSES who promote and teach the next generation of protectors.

Also repeated from last year: ‘And in spite of how hard Mr. Trump, his exploitive cabinet, the fossil fuel pandering Republican controlled Congress and the evil doers in the fossil fuel industry work, to overturn progress made by the Obama Administration, to reverse climate change and global warming, they can’t stop the march to a cleaner more sustainable world. Alternative energy is cheaper than coal, oil and gas, it’s sustainable and 10’s of millions of people around the world are already enjoying it’s benefits. The world is using less coal, more wind, solar and alt energy, emitting less carbon dioxide and growing and farming more sustainably. More than 100 large corporations have pledged to become 100% renewable. Corporations, utilities, countries, states, cities and communities have promoted and invested in renewable energy. Even oil companies and insurance companies have woken up to the new sustainable world order. We are plodding forward. Trump, his fellow billionaires and the big banks who are heavily invested in fossil fuel assets will attempt to extract every ounce before America says, enough is enough. But they’re on the wrong side of preserving humanity.’

I’m thankful I’m able to post almost daily, stories about the progress entrepreneurs, cities, states, nations and businesses are making battling climate change and global warming.  Countries on every continent, Including ultra-polluters China and India are taking serious the existential climate threats to humankind. In spite of the powerful and entrenched deniers, human progress will not be abated.

And above all, I’m thankful (if we’re to believe the polls) America is waking up to the fact they elected a despot who would do anything, tell any lie, jeopardize any environment and demonize any opposition, in order to elevate himself and his families wealth and power, and his insatiable ego.

The Alabama election in December may portend what we have to look forward to in the 2018 mid-term elections. Most of America is standing firm against the assault on our democracy, by a GOP fully embedded with their incredibly rich and powerful patrons. And our journalists and free press are working overtime, uncovering the diabolical conspiracies that have replaced America’s once proud and principled leadership in the world. If they prevail, next Thanksgiving just might bring much more to be thankful for.

Meet the wind farm that’s using digital tools to connect 60+ turbines, helping it to run efficiently.

Axios with GE.    Sponsored

Meet the wind farm that’s using digital tools to connect 60+ turbines, helping it to run efficiently. #DRONEWEEK

Meet the wind farm that’s using digital tools to connect 60+ turbines, helping it to run efficiently. #DRONEWEEK

Posted by Axios on Monday, October 9, 2017