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Judd Legum @JuddLegum
, 9 tweets, 3 min read Read on Twitter
1. Omarosa secretly recorded her conversations with Trump which reminds me that THERE IS SOMETHING FUNDAMENTALLY BROKEN WITH OUR ECONOMY AND NO ONE IS DOING ANYTHING ABOUT IT

popular.info/p/our-dysfunct…
2. Unemployment is very low (3.9%)

GPD is growth pretty healthy (4.1%)

But official government data released late last week show, over the last year, real wages have gone DOWN

What gives?

popular.info/p/our-dysfunct…
3. Trump promised that his huge corporate tax cut would spike workers' wages

He and his advisers said the average family would see their wages increase $4,000 to $9,000 per year

That hasn't happened

Trump's policies are mostly making things worse

popular.info/p/our-dysfunct…
4. But it's important to acknowledge that this problem did not start with Trump

Wages have been stagnant for American workers for the last 40 YEARS

Something is seriously screwed up

popular.info/p/our-dysfunct…
5. One big problem is increased health care costs in the context of an employer based system.

Corporations are reluctant to give wage increases, fearful of future health care costs

Workers are afraid to leave their jobs, fearful of losing insurance

popular.info/p/our-dysfunct…
6. Another big problem is the decline in worker power.

Unions have been decimated. This has cost non-union workers a lot of money.

(You don't have to be in a union to benefit from collective bargaining. Unions raise wages across the entire sector.)

popular.info/p/our-dysfunct…
7. Also, companies aren't making investments necessary to increase worker productivity, which is a major driver of wage growth.

The economy has become less competitive. There are fewer new firms and less competition.

This means less reason to invest.

popular.info/p/our-dysfunct…
8. Given the severity of this problem, it's criminal we don't talk about it more.

The stock market ticker is at the bottom of cable news every day.

How often does cable news talk about wages?

popular.info/p/our-dysfunct…
9. For more on this problem (and potential solutions) sign up for my newsletter, Popular Information at popular.info
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More from @JuddLegum see all

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TRUMP: "At the request of Democrats it will be a steel barrier rather than a concrete wall."

What Democrat has requested a border wall made of steel?
TRUMP: "The border wall would very quickly pay for itself."

Absolutely no evidence of this. Trump cites the cost of illegal drugs, most of which come through official ports of entry.
TRUMP: "The wall will also be paid for indirectly by the great new trade deal we have made with Mexico."

This is not true. And the deal hasn't even been approved by Congress.
Read 4 tweets
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A total and humiliating capitation to a president with no interest in the truth.

The news media is supposed to inform the public.

They are now being used to disseminate government propaganda.
REMEMBER: When Obama wanted to address the nation on immigration, the networks refused to air it because they believe it would be "overtly political."

What a joke.

goo.gl/a8SSgT
The idea that a Democratic rebuttal or fact-checking will make this better is insulting.

If I break my arm and a doctor gives me a cast, I'm thankful.

If a doctor breaks my arm and hands me a band-aid, it's not a favor.
Read 3 tweets
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Any network that airs this live is knowingly participating in a disinformation campaign
Some conflicting info, but @JenniferJJacobs of Bloomberg says the networks will air this live

This show just how deeply the mainstream media misunderstands Trump and his tactics

@JenniferJJacobs This is what happened when Obama gave a primetime address on immigration in 2014
Read 4 tweets

Related threads

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Who funds the IEA, the TPA, the ASI &co?
You know, the RW 'free trade' thick tanks advocating tax havens, "freedom" (no regulations like workers' rights or environmental protection), no welfare (no tax & no free healthcare).
Basically, "Only the wealthier survive" philosophy?
1/n
*Could it be* that it has something to do with defending their funders' interests?
Today, I'm going to tell you the Thick Tanks' Hydra tale.
Featuring Atlas, huge piles of money, tradition, "free speech", useful idiots and a very clear agenda that Brexit/Trump are a part of.
2/n
Take a seat: It's a long story, with a lot of players, including politicians, pretty ladies squatting your TV, the climate change denial's network, the global fascist movement, Silicon Valley/multiname data-stealing/misusing company & private companies' involved in elections.
3/n
Read 249 tweets
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Trump and Mussolini: 11 Key Lessons from Historical Fascism

Italian fascism provides a better model for our moment than Nazi Germany—and the comparison is not encouraging.

By: @Anis_Shivani for @AlterNet
Thread ✔
1/
Fascism is a religion. The 20th century will be known in history as the century of fascism.
〰️ Benito Mussolini

2/
I’d like to draw some comparisons and contrasts between our present situation and that of #fascist Italy between 1922 and 1945. I choose fascist #Italy rather than #Nazi #Germany because it has always seemed to me a better comparison.
3/
Read 169 tweets
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At bookstore to get the latest in my favorite series and guess what I impulse-bought? I'll share excerpts when I get home and pour a glass of wine.
By the way it was 40% off already 😂
P. 220-Trump calls Jeff Sessions "Benjamin Buttons" behind his back. 🤣
Read 20 tweets
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Omarosa secretly recorded her phone call with Lara Trump immediately following her firing in which Lara Trump offers her $15K per month hush money which would be financed via "small donors for the most part."
'Small donors' ==> that's YOU, MAGA fools.
#Maddow
Since Trump's NDAs can't be enforced on government employees, he has to have some way to keep former employees quiet once they leave: Campaign donor-financed hush money.
#Maddow
Read 5 tweets
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Trump: Day 556
-Giuliani Sz "Collusion is Not a Crime"
-Threatens (Again) 2 Shutdown Gov't
-Forms 'Religious Liberty Task Force'
-Considers $100B Tax Cut 4 Wealthy
-Russia Liquidated All U.S. Holdings
-WikiLeaks Wanted GOP 2 Win 2016
-N.Korea Constructing New Missiles
Add...
Day 661 since Donald Trump admitted to sexual assault — yet he’s still in the Oval Office
Add...
The personnel chief of the FEMA — who resigned just weeks ago — is under investigation after being accused of creating an atmosphere of widespread sexual harassment in which women were hired as possible sexual partners for male employees.
washingtonpost.com/politics/fema-…
Read 57 tweets
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Trump Hotels' website still lists Trump SoHo New York among its properties in the Our Hotels menu. Select its name though to access its page and there's a message about it being renamed

bit.ly/2EPCSy1
National politics correspondent for Newsweek, Nina Burleigh, with a fun find on a TV above the bar at the Trump Hotel DC bit.ly/2E37QRR
Two errors in the 2nd graf of Breitbart's Trump Hotel DC article:
-holdings aren't out of @realDonaldTrump's hands: trust isn't blind & he can profit from it
-Trump Org told Congress it was estimating foreign receipts—not auto donating in full
bit.ly/2CpL7z2
Read 1562 tweets

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