Closing Thought–13Oct20

Do You Make $400,000 a year?

If so then according to the chairman of the RNC you are the same as 82% of the American people.

Ronna Romney McDaniel, the chairperson of the Republican National Committee, on Sunday faced backlash after suggesting that “82% of Americans” make more than $400,000 per year.

In a tweet on Sunday, McDaniel pointed to a video clip from a conservative media group, which asserted that “middle income earners” will see a tax increase under a Joe Biden presidency. However, Biden has said that he will not raise taxes on individuals making less than $400,0000 per year.

https://www.rawstory.com/2020/10/twitter-buries-gop-scumbag-liar-ronna-mcdaniel-for-claiming-82-of-americans-make-over-400000-year/

Is this broad that out of touch?  Maybe she is just a long toad like her fearless leaders.

Are you in that false 82%?

I’m not.

This is just one example of why I have a hard time voting GOP at any time….they are just so damn out of touch with the society that they cannot possible do anything for the whole country.

I Read, I Write, You Know

“lego ergo scribo”

 

Biden/Harris Financial Policies

Time to look at Biden and what are his financial policies and will they do any good for the American people…..

While Democratic presidential nominee Joe Biden is unlikely to prioritize a financial industry crackdown if he wins on Nov. 3, he is expected to take a much tougher line than Trump and his former boss President Barack Obama.

Banks and investors were preparing for a Biden victory over the weekend after Trump tested positive for COVID-19 on Friday, in a blow for his campaign.

Here are some of the key areas his administration and agency picks would likely focus on.

THE COMMUNITY REINVESTMENT ACT
HOUSING FINANCE
CONSUMER PROTECTIONS, CREDIT REPORTING
CLIMATE CHANGE RISKS
BANKRUPTCY REFORM
POSTAL BANKING
 
All pretty good ideas….but knowing what our politics is like I d not think they will be nearly as all powerful as they pretend….after special interests get through they will be toothless tigers….as usual.
 
The tax policies of the Biden/Harris team is also good ideas…..

Joe Biden and Kamala Harris have an opportunity to cut poverty in America in half. A new study finds that the Democratic ticket has put forward or endorsed a set of proposals that, taken together, could add up to the biggest anti-poverty plan in decades.

Three specific measures — Biden’s plan to make Section 8 housing vouchers universal; congressional Democrats’ plan for a $3,000-a-year child allowance ($3,600 for kids under 6), and Harris’s LIFT Act proposing new tax credits for low-income households — would have lowered the poverty rate from 12.7 percent to 6.5 percent if they had been adopted in 2018, according to researchers at the Center on Poverty and Social Policy at Columbia. That’s 20.2 million fewer people living in poverty.

The reduction in child poverty would be larger still, from 13.7 percent to 3.6 percent. Only about a quarter as many children would remain in poverty after the policy package’s adoption.

https://www.vox.com/future-perfect/21456242/joe-biden-poverty-checks-kamala-harris

Once again good plan…but it will probably not hold up to the brutal American political process….more promises that will go unfulfilled thanx to lobbyists and cash spread around.

Learn Stuff!

VOTE!

I Read, I Write, You Know

“lego ergo scribo”

 

That Trump Drug Discount Card

The closer we get to the election the more blatant the tricks by the GOP and Trump are becoming to try and secure votes.

Our dear president has lied constantly to the seniors that are fighting high cost of drugs…..he went so far as to tell diabetics that he has made insulin cheap as water……https://lobotero.com/2020/10/02/cheap-like-water/

Apparently he has NEVER even bothered to look at the cost of insulin for diabetics……another cheap lie at election time.

Then his brilliant idea of a drug discount card for $200 for seniors……and that I have also written about……https://lobotero.com/2020/09/30/closing-thought-30sep20/

Another lie another cheap trick begging for votes.

But if you are a fiscal conserv you might ask just where will the money come from from this “discount card”?

Well in a typical Repub plan he plans to raid Medicare for the funds for his cheap trick…..

I then read an article about this intended plan….

Less than a month away from the November election, Trump administration officials are reportedly rushing to implement the president’s recent proposal to send $200 prescription drug discount cards to nearly 40 million Medicare recipients—an $8 billion plan that would be financed by dipping into the Medicare trust fund.

Politico reported Thursday that the administration is “seeking to finalize the plan as soon as Friday and send letters to 39 million Medicare beneficiaries next week, informing seniors of Trump’s new effort to lower their drug costs, although many seniors would not receive the actual cards until after the election.” While the design of the cards has yet to be finalized, officials are reportedly discussing ways to put Trump’s name on them.

The plan would cost $7.9 billion, according to Politico, with $19 million going toward letters touting the initiative, which advocacy groups and Democratic lawmakers are denouncing as an obvious and potentially unlawful campaign ploy that would provide little relief for the millions impacted by obscenely high drug prices.

https://www.commondreams.org/news/2020/10/09/shameless-stunt-trump-reportedly-attempting-raid-medicare-trust-fund-pay-drug

Like I stated earlier…a pathetic cheap trick in the search for votes.

But will Seniors see this worthless program for what it is?  A cheap trick and an attempt to help bankrupt Medicare.

Be Smart!

Learn Stuff!

VOTE!

I read, I write, You Know

“lego ergo scribo”

It’s North Korea Again

We have not had much news abut North Korea in the last few months…all the air in reporting has been sucked out by the pandemic and the election…..so it falls on the Old Professor to bring you the news the MSM does not feel you should know.

The nuclear powers have been warned!

North Korean leader Kim Jong Un warned Saturday that his country would “fully mobilize” its nuclear force if threatened as he took center stage at a military parade in which the country unveiled what appeared to be a new intercontinental ballistic missile and other additions to its growing weapons arsenal, the AP reports. Kim, however, avoided direct criticism of Washington during the event, which celebrated the 75th anniversary of the country’s ruling party and took place less than four weeks before the US presidential election. Instead, he focused on a domestic message urging his people to remain firm in the face of “tremendous challenges” posed by the coronavirus pandemic and crippling US-led sanctions over his nuclear program.

Kim described the North’s continuing efforts to develop its nuclear deterrent as necessary for its defense and said it wasn’t targeting any specific country with its military force. But “if any force harms the safety of our nation, we will fully mobilize the strongest offensive might in a pre-emptive manner to punish them,” he said. Kim’s speech was punctuated by thousands of goose-stepping troops, tanks, armored vehicles, rocket launchers, and a broad range of ballistic missiles rolled out in Pyongyang’s Kim Il Sung Square. The weapons included what was possibly the North’s biggest-yet ICBM, which was mounted on an 11-axle launch vehicle that was also seen for the first time. The North also displayed a variety of solid-fuel weapon systems that highlighted how the North has expanded its military capabilities.

That huge rocket could be something new…..

We don’t have a name or specifications, just photos from the parade. A lot of the crowd that usually frets about North Korea’s weapons noted this to be the biggest one we saw, and seem to be drawing the conclusion that must mean it’s the most powerful and most dangerous.

Which is just a guess. Size doesn’t dictate power or level of advancement for an ICBM, and if anything this missile is just a huge version of existing designs. Presumably it will go farther because it’s got room for all that fuel, but the ICBM is still just delivering a warhead if it is used.

Since North Korea never tested such a missile, or even bragged about having it, it’s also possible that the point of this big, noticeable design was to be big and noticeable at a parade, and one for an important anniversary.

(antiwar.com)

North Korea and China have developed a more intense cooperation….

In a congratulatory message to Kim Jong Un for the founding anniversary of North Korea’s ruling party, Chinese President Xi Jinping said he intends to deepen relations with Pyongyang, North Korean state media reported on Saturday.

“We have an intent to successfully defend, consolidate and develop the China-Korea relations together with Korean comrades and propel the long-lasting and stable development of the socialist cause of the two countries,” North Korean state news agency KCNA quoted Xi as saying.

https://uk.reuters.com/article/uk-northkorea-missiles-china/chinas-xi-says-intends-to-deepen-relations-with-north-korea-kcna-idUKKBN26U2K2

Yet another front for the US and China to stand-off on.

I Read, I Write, You Know

“lego ergo scribo”