Tag: Donald Trump

The Nunes Memo And The Regressive Progressive Rhetoric It Spawned

Greg Palast 

By Greg Palast with Dennis J. Bernstein

When the FBI applied to the rubber-stamp FISA court for a warrant to surveil Trump associate Carter Page they were more than a little economical with the truth. Basing their warrant request, in part, on information contained in the now-infamous Fusion GPS dossier, they omitted to mention that …more

Wilbur Ross: Heart of Coal

Greg Palast 

I’ve met Trump’s billionaire Commerce Secretary Wilbur Ross, the one who forgot to sell his tanker partnership with the Russians before being sworn into office — a venture with Putin’s son-in-law, no less — as revealed by ...more

Warrant Issued for DeAndre Harris’ Arrest in Charlottesville

Greg Palast 

By Zach D Roberts

DeAndre Harris beaten in Charlottesville, VA Copyright: Zach D Roberts

Last night (Monday, October 9), we have learned that the DeAndre Harris story has taken a twist that would, in a different era, be surprising. With several of DeAndre’s attackers still on the run — and police showing no interest in going after them — DeAndre just had an arrest warrant issued in his name. According to a media release issued by the Charlottesville Police Department, the warrant was for “Unlawful Wounding” (Va Code 18.2-51).

That’s right, the young man who you can see here being beaten to an inch of his life by half a dozen white supremacists will be …more

Trump’s Tax Cut Flunks the Napkin Test:
A “D” Student’s Misreading of Economic Law

Greg Palast 

By Greg Palast for Truthout

A napkin can be a dangerous thing in the hands of fools. Especially when the D students sit in the Oval Office.

President Donald Trump’s mind-blowing $2 trillion tax cut, according to his Treasury Secretary Steve Mnuchin, “Will pay for itself with growth.”

The storied economist John Maynard Keynes once said, “Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”

The scribbler, in this case, is my old professor and mentor, Art Laffer. Famously, he did his scribblings on napkins, a corollary of his addiction to greasy cheeseburgers.

In 1974, over burgers at the University of Chicago student grill, he scribbled a curve on a napkin, illustrating a curiosity: the higher the tax rate, the lower the total tax collection. Or, turned around: a cut in taxes can pay for itself.

But, alas, Art told me, this economic magic trick only works …more