JaxPolitix

POST 1197

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Car Sales And Trumponomics

Dr. Brian Beaulieu of ITR Economics is an economics and investments guru with a pretty good prognostication track record. He sees the chaos that is happening in our economy and sees the numbers. Here’s his recent report.

We did not have the June data for auto retail sales when I did my Fed Watch on Friday. Have it now. The May-to-June drop in domestically produced light duty vehicle retail sales was the worst spanning 60 years of data (including tough recessions) at -26.2%. For foreign produced light duty vehicles, the June drop was -39.6%, the most severe May-to-June decline in a history spanning 50 years.

The data is showing that:

1. Creating uncertainty is bad economic policy.

2. Playing whack-a-mole with tariffs is bad economic policy.

3. It may be possible to have a president come into office with economic policies that truly can disrupt the business cycle, at least temporarily.

You may not research what Beaulieu commonly does, but likely you know in your gut what he expertly shows us.

The Unlimited National Restoration About People’s Equity Act (UNRAPE) of 2025

Trump’s Big Barfy Betrayal Bill (BBBB) is a blatant transfer of trillions of dollars from poor and working class Americans to the very wealthiest in our very divided and economically grossly out of balance society. It is the biggest, but certainly not the first move to impoverish We The People entirely for the benefit of the very wealthy. It will leave most Americans feeling like they’ve been financially raped – yet again – because they have been. Indeed, $50 trillion (with a “T”) has gone from We the Regular People to the uber-rich over the last 40 years.

This is what oppressive governments do. The result is an impoverished populace with all power and most of the money in the hands of the insanely rich. It’s time to reverse that trend with this proposed bill.

TITLE I – WEALTH CLAWBACK

An annual 10% wealth tax is imposed on all persons having over $1 billion of net wealth. Let’s claw back, some of what they took from us.

TITLE II – FAIR SHARE

Federal personal income tax rates are hereby restored to those in effect when Ronald Reagan became President. The top tax rate then was 70% of income over $762,933 (in today’s dollars).

TITLE III – FEDERAL MINIMUM TAX

A minimum federal income tax rate of 20% is imposed on incomes over $1 million, regardless of the source of the income, whether filing individually or jointly, to ensure that very rich people who regularly use arcane tax exemption schemes not available to poor and middle class Americans pay their fair share.

TITLE IV – CORPORATE INCOME TAX RATES – BECAUSE THEY DIDN’T BUILD INFRASTRUCTURE ALONE

Corporate federal income tax rates are hereby restored to those in effect prior to the first of George W. Bush’s tax cuts. The maximum corporate tax rate of 35% will apply to corporations with taxable income over $10 million. Corporations with taxable income over $15 million will be subject to an additional tax of 3% of the excess over $15 million, or $179,000 (in today’s dollars), whichever is smaller. That was the first time in American history when taxes were cut during war time.

For reference, Donald Trump’s 2018 Tax Cut and Jobs Act created no additional jobs and added $1 to 2 trillion to the federal debt, so the restoration of the corporate tax rates to the higher former rates should have no effect on employment numbers but will be a big help with our massive debt.

Let’s put this UNRAPE bill into the hands of Sen. Elizabeth Warren (D-MA) to expand and improve it. Email her and tell her to be ready with her proposal on the afternoon of January 20, 2029 or 2027, whenever Democrats retake the Senate.

Say Good-Bye To Your Mind

Congress has cut funding for PBS and NPR and Trump has the go-ahead to kill the Department of Education. Robert Reich explains the why of that:

There are five facets to the authoritarian attack on our minds that I cover in the video:

1. Rewrite history
2. Gut education
3. Dismantle science
4. Suppress the media
5. Attack the arts

Trump is unleashing all of them. And added up, they render us less informed, less inspired, and easier to control. They empower Trump to divide us with hatred and fear. And they prevent us from discovering that we have more in common with one another than with the authoritarians who try to rule us.

This attack on our minds ultimately reduces our capacity for self-government, because ignorance is the handmaiden of tyranny.

From Thomas Jefferson:

An enlightened citizenry is indispensable for the proper functioning of a republic. Self-government is not possible unless the citizens are educated sufficiently to enable them to exercise oversight.

Given Jefferson’s clarity, it’s easy to understand why Trump would want to keep us and our children ignorant.

Worthwhile Quotations Corner

From Steve Schmidt:

The other day, Van Jones suggested that any person who believes Trump’s babble is “weapons-grade stupid.” That is an accurate statement if there ever was one, and everyone knows that stupid cannot be fixed.

Speaking of Stupid

Our Congress is composed of the geniuses we send to Washington to represent us, our interests and desires and the needs of our nation. The Republican side of it has consistently and spinelessly caved to Donald Trump’s every pathological desire.

Congress voted to de-fund PBS and NPR. Republicans stupidly called it the “Defund Government-Sponsored Propaganda Act.”  Now that Trump has killed Big Bird, betcha Trump thinks that oughta distract and shut up those clamoring for the Epstein list. Won’t happen.

Who cares, Republicans seem to be saying, whether kids, especially rural kids and those with compromised early education opportunities get the obvious benefits of public broadcast programming? Or whether people in rural areas receive weather warnings before the tornado strikes? Who cares if Americans have a non-commercial, apolitical source for news, they whine?

Republicans have been saying for a long time that PBS and NPR are voices of woke lefties, a part of the “fake news.” They claim they broadcast propaganda. I challenge anyone to provide even a single example of PBS or NPR programming that even vaguely resembles those inflammatory, ignorant and stupid claims. C’mon, MAGAmites, help me out here.

All but two Republicans voted to shoot Big Bird and every Republican voted to cut Medicaid, SNAP, USAID, Voice of America, FEMA, vaccine research and the rest. Remember that when it’s time to choose in the upcoming November elections. Tell your friends. Tell your crazy Uncle Bob. Tell your Uber driver.

“The Republicans don’t care about you.”

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It’s already established that you can’t fix stupid. And it looks like you can’t fix hypocrisy or cowardice, either.

From the John Lewis Good Trouble Demonstration

Highland Park, IL, July 17, 2025

Tens of thousands of people turned out for the Good Trouble protests at over 1,500 marches across the country, both to honor John Lewis and to staunchly, powerfully protest this felonious fascist president. Here are pics of  some signs people carried.

 

 

 

 

 

 

 

 

 

 

Be at the next demonstration, because we’re all counting on us.

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The Deconstructing Trump* Corner

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• A bad cause will ever be supported
• by bad means and bad men.
• Thomas Paine, 1777
• Egotism is the anesthetic that dulls the pain of stupidity.
• Frank Leahy, 1955
• _________________________________________

* Deconstructing Trump by Mardy Grothe explores The Trump phenomenon through the lens of quotation history.

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Mid-Term Election

Countdown Timer

Goes fast, doesn’t it?

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JA

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Copyright 2025 by Jack Altschuler
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