Trump’s Tax Cuts May Be More Damaging Than Reagan’s – by Steven Rattner – NYT

“Deficits have left a lasting mark in the form of vast piles of national debt — $14 trillion currently, up from $712 billion when Mr. Reagan took office, an almost 20-fold increase. Big deficits can sometimes be advisable, as they were in aiding recovery from the 2009 recession. But incurred pointlessly, as Mr. Trump is proposing, large fiscal gaps simply mean more debt that will be left to our children and grandchildren to pay off.”

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Pushing Obamacare Over the Cliff – by Steven Rattner – NYT

After Republicans pulled their legislation to repeal and replace the Affordable Care Act last Friday, President Trump told The Washington Post, “The best thing politically is to let Obamacare explode.”Or he could light a match. Republicans may have conceded defeat in their legislative effort to get rid of Obamacare, but their guerrilla war to achieve its demise remains underway.The stealth battle began on Inauguration Day, when Mr. Trump signed an executive order giving his agencies wide latitude to weaken the law.

Trumpcare: Fiction and Fact – by Steven Rattner – NYT

“Watching administration officials play cat and mouse with Sunday talk show hosts is a hoary Washington tradition. But yesterday, Trump spokesmen offered a remarkably large number of flat out untruths as they attempted to defend the Republican health care plan.
Untruth #1:“I firmly believe that nobody will be worse off financially in the process we are going through.” – Tom Price, Secretary of Health and Human Services, on Meet the Press.

Fact #1:Millions of Americans will be worse off. For those currently purchasing insurance on the exchanges using Federal subsidies, that support will be replaced by tax credits that, for many, will be substantially smaller, as this chart shows:”

An Extremist Holding the Purse Strings – by Steven Rattner – The New York Times

“President Trump will hardly be short of far-right cabinet members, including an education secretary who has called public schools a “dead end,” a labor secretary who has been cited for employment law violations and an Environmental Protection Agency administrator who has sued his own department.

But within the Trump team, the views of Representative Mick Mulvaney, Republican of South Carolina, his little-known choice to lead the important Office of Management and Budget, rank as among the most reactionary.”

Trump’s Chaos Theory: A Single Tweet Causes Jobs To Return – by Steven Rattner- The New York Times

“Donald J. Trump spent much of his campaign peddling hope to beleaguered working-class Americans that, on his watch, those old-fashioned, good-paying manufacturing jobs would come back to America.

On Thursday, the president-elect was in Indiana to celebrate the news that the Carrier Corporation will move only 1,300 jobs to Mexico, not 2,100 as planned. That’s not bringing jobs back to the United States; they are just leaving more slowly.

Source: Trump’s Chaos Theory: A Single Tweet Causes Jobs To Return – The New York Times

Here is a good comment:
Jennifer Stewart NY 8 hours ago

“I see news anchors punting the “art of the deal” as underpinning this latest stunt. But as Tony Schwartz, the author of that book tweeted, “I wrote the Art of the Deal. Trump read it.” And he has exposed Trump for a complete fraud.

Conspicuously absent from all the news are the terms of this deal for the workers. How long are they protected, what will their wages be, and what about the guys who have lost their jobs? How can a president-elect decide who will keep their jobs and who won’t?

I’m outraged, as I always am, at every con this despicable man pulls. And frustrated beyond description at how he can feed poison to his followers and tell them it’s nectar and they’ll believe him. This isn’t a deal for the workers, it’s one for Carrier. Essentially all Trump has done here is tell all corporations that they can blackmail him.”

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