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Wednesday, January 11, 2017

Stocks fluctuated, the dollar weakened slightly and buying picked up in Treasurys as President-elect Donald Trump slammed the drug industry in comments to the press and vowed health care costs would be cheaper in America.

But Trump did not discuss infrastructure spending or tax cuts that the markets had been hoping to get more details on from his first press briefing since the election. He did say, however -- not for the first time -- that companies that move out of the United States and then sell goods back into America would be taxed at the border.

"Pharma has a lot of lobbyists, a lot of lobbyists and a lot of power, and there's very little bidding on drugs we're the largest buyer of drugs in the world yet we don't bid properly," he said. "We're going to start bidding we're going to save billions of dollars over a period of time and we're going to do that with a lot of other industries."


Wednesday, January 04, 2017

My mom didn't support our family on two jobs people typically associate with teenagers because she was lazy, or because she hadn't figured out how to find her bootstraps and pull herself up by them. My dad actually made decent money as a well-driller when my brother and I were born, but he lost his job after a back injury he suffered lifting a pipe.

In a town hit hard by the early Reagan-era farm recession, there were few options for my mom, who until that point had done one job: she raised my brother and me.

So, as a 30-year-old woman with two kids and a husband who couldn't work, she got a job on the morning shift at McDonald's, serving Egg McMuffins to the same people she had gone to high school with.

She wasn't the picture often painted of the minimum wage earner. She wasn't a teenager. And she didn't lack ambition. In fact, she was doing something our society says it admires: going to work, and doing whatever she could to support a family that needed her. read more


Even before the new Congress was sworn in on Tuesday, House Republicans made it clear that they had no real intention of draining the Washington swamp. They voted in secret on Monday to gut the one quasi-independent office that investigates House ethics. President-elect Donald Trump, who ran on a promise to drain the swamp, didn't demand that they stop -- he merely asked them to wait awhile. And that they did.

Representative Bob Goodlatte of Virginia emerged as an architect of the G.O.P. miasmic agenda with his attack on the Office of Congressional Ethics. A rules change would have prevented the office, known as the O.C.E., from investigating potentially criminal allegations, allowed lawmakers on the House Ethics Committee to shut down any O.C.E. investigation and, for good measure, gagged the office's staff members in their dealings with the news media. When the public learned about this plan, outraged constituents deluged House members with phone calls.


Tuesday, December 27, 2016

Donald J. Trump won the white working-class vote over Hillary Clinton by a larger margin than any major-party nominee since World War II. Instead of this considerable achievement inspiring introspection, figures from the heights of journalism, entertainment, literature and the Clinton campaign continue to suggest that Mr. Trump won the presidency by appealing to the bigotry of his supporters. As Bill Clinton recently said, the one thing Mr. Trump knows "is how to get angry white men to vote for him."

This stereotyping of Trump voters is not only illiberal, it falsely presumes Mr. Trump won because of his worst comments about women and minorities rather than despite them.

In fact, had those people who agreed that Mr. Trump lacked "a sense of decency" voted for Mrs. Clinton, she would have been elected the next president. read more


Wednesday, December 21, 2016

Incoming Senate Democratic Leader Chuck Schumer says he likes the sound of President-elect Trump's proposal of a major infrastructure plan as long as it meets certain Democratic criteria.

"We think it should be large. He's mentioned a trillion dollars, I told him that sounded good to me," Schumer told ABC News' Jon Karl and Rick Klein during their podcast "Powerhouse Politics."

But Democrats will insist that the package not be, for example, all tax breaks to investors.

"We're not going to oppose something simply because it has the name Trump on it, but we will certainly not sacrifice our principles just to get something done," he said.

Schumer also said Democrats can find common ground with the incoming president on trade, saying he doesn't agree with all of Trump's proposed solutions but does agree with his "diagnosis."

"I'm more close to that than I am to Barack Obama or George Bush's [positions] and so are a lot of Democrats," Schumer said.


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