Mulvaney, The Head Of The Consumer Finance Protection Bureau, Is The Wolf Guarding The Henhouse

Ken AshfordClass Warfare, Corporate Greed, Economy & Jobs & Deficit, Occupy Wall Street, Trump & AdministrationLeave a Comment

The man is very Trumpian in his dealings: Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, told banking industry executives on Tuesday that they should press lawmakers hard to pursue their agenda, and revealed that, as a congressman, he would meet only with lobbyists if they had contributed to his campaign. “We had a hierarchy in my office … Read More

Trump’s Tariff Follies

Ken AshfordClass Warfare, Economy & Jobs & Deficit, Political Scandals, Trump & AdministrationLeave a Comment

Trump said yesterday he plans to impose tariffs of 25 percent on steel imports and 10 percent on aluminum. However, he didn’t elaborate on the details, saying the formal announcement will come next week. In a tweet on Friday morning, the president said “trade wars are good and easy to win.” When a country (USA) is losing many billions of … Read More

The Wild West Of The West Wing

Ken AshfordBreaking News, Corporate Greed, Crime, L'Affaire Russe, Occupy Wall Street, Republicans, Trump & AdministrationLeave a Comment

It is the first day of March 2018. I wrote a lot of posts yesterday, and I didn’t even it HALF of the things going on. The breaking news that would be major scandals in any other White House. It was insane. Here’s what happened JUST YESTERDAY: Hope Hicks — without question, the aide (family aside) with whom Trump is closest … Read More

Stocks Waaaay Down Again

Ken AshfordEconomy & Jobs & Deficit, Occupy Wall StreetLeave a Comment

After losing a record 1,175 points on Monday, the Dow tumbled 1,033 points more yesterday. It landed in a correction, a 10% decline from previous highs. The market turmoil follows a prolonged period of booming stock prices with virtually no sharp declines. Such a rapid rise is unusual, and market analysts long warned that a pullback was overdue. Today was another … Read More

The Dumbest Shutdown Ever

Ken AshfordCongress, Economy & Jobs & Deficit, Gubmint Shutdown, Occupy Wall Street, Social SecurityLeave a Comment

Most people slept through it, but yes, the United States government shutdown for several hours last night. Yesterday, in something of a throwback, the two parties struck a deal and came out with a bi-partisan spending bill. Great news, right? But Republican and libertarian Rand Paul had to make a point: Republicans no longer care about deficit spending.  Rand wanted … Read More

Trump Wants Stock Market To Take A Loyalty Pledge

Ken AshfordEconomy & Jobs & Deficit, Trump & AdministrationLeave a Comment

What the… In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy! — Donald J. Trump (@realDonaldTrump) February 7, 2018 Actually, it is not a “mistake”; most economists agree that it … Read More

CFPB Is All But Committing Malpractice

Ken AshfordClass Warfare, Corporate Greed, Occupy Wall Street, Trump & AdministrationLeave a Comment

Equifax (EFX.N) said in September that hackers stole personal data it had collected on some 143 million Americans. Richard Cordray, then the CFPB director, authorized an investigation that month, said former officials familiar with the probe. But Cordray resigned in November and was replaced by Mulvaney, President Donald Trump’s budget chief, who was once quite vocal about eliminating the agency. … Read More

Volatile Dow

Ken AshfordEconomy & Jobs & Deficit, Occupy Wall Street, Trump & AdministrationLeave a Comment

After plunging a few hundred points on Friday, the Dow dropped a record-breaking 1175 points yesterday. That the most points, but fortunately, the 4.6% drop was not the highest percentage-wise.  All in all, 1 trillion dollars in net worth was lost. It probably was a correction, but it raised fresh anxieties among Americans who have seen their retirement savings and household … Read More

Speaking Of Sex Scandals…

Ken AshfordCorporate Greed, Godstuff, Republicans, Sex Scandals, Sex/Morality/Family ValuesLeave a Comment

While we wait for the doors to blow wide open on the Trump-Daniels sex scandal (IF they blow open, that is), let’s chew on this: Casino mogul and Republican National Committee (RNC) finance chair Steve Wynn is facing accusations of sexual misconduct, including that he forced a woman to have sex with him in 2005, The Wall Street Journal reported Friday. Wynn, … Read More

The Horrible Tax Bill Is GOP Gift To Themselves [UPDATE: Senate Votes Yes]

Ken AshfordClass Warfare, Congress, Corporate Greed, Economy & Jobs & Deficit, Occupy Wall Street, RepublicansLeave a Comment

Literally: Sen. John Cornyn, R-Texas, inserted language into the final tax bill that would enrich three different constituencies: fossil fuel firms, Republicans’ major campaign donors and a handful of Cornyn’s GOP congressional colleagues including Texas Sen. Ted Cruz and two other Texas lawmakers in the House. Cornyn originally added the language in an amendment to the Senate bill at the … Read More

Disney Buys Most Of Fox

Ken AshfordCorporate Greed, Popular Culture, Right Wing and Inept MediaLeave a Comment

Big entertainment news: The Walt Disney Co. has struck a deal valued at $52.4 billion to acquire much of the Hollywood holdings of 21st Century Fox, the global television and entertainment conglomerate controlled by Rupert Murdoch and his family. The deal occurs against a backdrop of swift changes to the industry’s finances and uncertainty about succession plans at both companies. The … Read More