The biggest effect of the Trump tax cuts is obvious: People who own businesses and other sources of concentrated wealth will have a lot more money, and the federal budget will have less. But the advocates of the tax cuts insisted it wasn’t about letting the makers keep their hard-earned money rather than handing it over to the takers. It was about incentivizing business to repatriate funds and ramp up its investments, thereby increasing growth and wages.
Early this year, Axios obtained a schedule of President Trump’s activities, revealing hour after hour of “Executive Time” — which means, mostly, binge-watching cable television news and tweeting. Politico has obtained another weekly Trump schedule, and if anything, it appears to contain even less actual work.
The media has treated the notion that Russia has personally compromised the president of the United States as something close to a kook theory. A minority of analysts, mostly but not exclusively on the right, have promoted aggressively exculpatory interpretations of the known facts, in which every suspicious piece of evidence turns out to have a surprisingly innocent explanation. What is missing from our imagination is the unlikely but possible outcome on the other end: that this is all much worse than we suspect.
Last night, the Daily Mail reported a development in the Michael Cohen saga of seismic scale. In a December 2016 meeting in Trump Tower, the British tabloid reports, Cohen asked Ahmed Al-Rumaihi, who runs a $100 billion Qatari investment fund, to send him “millions” which, the story claims, would go “through him to Trump family members.”
Donald Trump has now spent enough time listening to Republican economic advisers that he can give an interview to The Economist in which he attempts to regurgitate the ideas that have been fed him. At various points in the interview, Trump tries and fails to think of the word “reciprocity.” (“We need reciprocality in terms of our trade deals,” he asserts.) Asked to flesh out his vision for a fair NAFTA in more detail, he can only come up with synonyms for “big”:
The liberal case against Hillary Clinton rests in large part upon her associations — people she surrounds herself with and whose judgment she relies upon. She has caught an enormous amount of flak, some of it fair, for her ties to figures in the finance industry or advisers with morally questionable worldviews. By the same token, what should we make of Bernie Sanders’s decision to appoint Cornel West as one of his advisers to the Democratic Party’s platform committee?