Max, thanks for what must have been an extremely time-consuming analysis. If we ever get our country back, there will be SO MUCH work to do in order to wipe out all this unscrupulous behavior. The greed and need for extreme power by so many in this country is extremely disheartening. And it is killing us. Though it referred to only one person, the title to a Mary Trump book says it all: "Too Much & Never Enough".
Long before our present administration, the IRS complained that huge corporations and their executives were hardly ever targeted for audits because—wait for it—they didn’t have enough experts to investigate their massive often extremely convoluted returns which often involved many other connected companies and corporations.
These organizations are what organized crime means and looks like in the 21st century. They are a law unto themselves.
I totally agree. Trump the felon was always going to commit fraud. I wish MAGA had been more discerning but too late now. At the end of this administration the only ones to walk away with a not guilty verdict will be the already extremely rich. How utterly unfair.
I'm sure this will eventually lead to the biggest blowup of the investment markets EVER - just a matter of time. We little guys will hopefully survive, but it might be very nice to watch the 'big guys' all collapse ! It was very satisfying to watch Madoff's collapse, altho he took down many innocents with him. As many new regulations as are introduced to try to control what goes on, there are far more 'clever' folks figuring out ways around them ! Evil reigns supreme ! Most of us little guys know there is a price for bad intent - we get the 'reward' applied to us immediately, it's so frustrating watching these crooks seeming to get NO payback ! Karma where are you ???
That’s why Biden and the Democrats increased the IRS budget. Republicans claimed that armed IRS agents would come to people’s homes to seize assets. In fact, the money went to 2 kinds of employees. The first was service agents, the people who answer the phone to help people file.
The second was highly skilled accountants and lawyers who went after the extremely wealthy, since it’s known that they underpay. This team recouped all the costs of the new funding, and many billions more.
He might be above the law according to the SCOTUS, but not a single other player in this scheme has that immunity, and they will all be the fall guys and in the jails instead of him. Their foresight is nonexistent and they will pay the price heavily while they watch TT walk away free. Still can’t fix stupid.
I look forward to the day when all felonpotus's schemes backfire, he loses all his money wealth, he is treated like the pariah he is, he is penniless and begging for attention and everyone ignores him. No one reports his rants. His criminality and pedophilia is known by everyone. He finally ends his days in a prison camp far, far away from the US. Gone, and known in history as the worst ever fpotus, most fraudulent, amoral, hideous stain among other tyrannical horrors of the world.
When you electe a dangerously senile, decrepit old man who is being handled, run, and babysat by professional grifters, liars, cheaters and criminals, what else can you expect? THIS is what you voted for, a reverse Robin Hood mob, steal from the poor and give to the rich, legally or illegally.
This scam could not have been put together by Trump. He's to stupid to think this deeply. So maybe it's his boys doing the work with the help of others who are more interested in making hay while the sun shines. While Trump is president he has the power of the purse. He pays people to do whatever he wants, with your money! So he gets the heads up from some techie and launches crypto currency. Then gets others to buy into it. Then starts a trade war in order to make stocks rise and fall on his whim, but only after telling his richest pals what he's up to so they can buy and sell accordingly. I'm no math genius but if Trump weren't in office this scam wouldn't work. Remember he killed the departments that were supposed to watch this illegal kind of action. He'll die a rich man and his offspring will live off the proceedings. How unfair to the American tax payer who are having their wages slashed by higher prices for EVERYTHING! The power of the president was not given for him to enrich himself but to make the country better for it's people. This should have been foreseen because they already knew he'd do and say anything to get more money. That's always been his goal.
I agree David. Yet I'm not confident that the government will be able to do anything. He has the entire Republican Party behind him and if he sinks so do they. Same for his admin people. They will definitely keep helping him. Teflon Don has escaped accountability for his actions all his life. Now he has even more money for lawyers (even pro bono!) to keep delaying until even his grandkids are old and grey! Also don't forget that the Supreme Court gave him that "get out of jail free" card. Any acts he commits while in office he can no longer be charged for. I don't know why this could not have been foreseen knowing his character, or lack thereof? America has been conned. All you can do is try to fix the damage and make sure it never happens again. I'm sure there will be lots of effort made to hold him to account but it'll go no where. Just like his impeachments.
A Democrat majority House and Senate will have an enormous task of repairing the damage and ensuring that the Constitution has protections against a future Trump
Holding Trump, his family, his synchophants, MAGA Republicans will be essential to reuniting and healing the US
The people will need to see justice done if they are to respect the law
"The people will need to see justice done..."? Is correct. The people have seen the laws broken I don't see them having any respect for the law at this point. Do you? The law was protecting them, the politicians from his insurrectionists and yet he was able to pardon them! The public aren't going to be the only ones who lose "respect for the law." The police will too. The hate mongering Trump has started is going to resonate for a very long time. His family have already bought their very own Island! They can build another Mar a Largo and start again. That's the REAL power of the rich. The can run away and leave everybody else to pick up the pieces. I'm still glad that you have hope though. I myself have lived too long to be anything other that a realist.
Note that the immunity is ONLY for "for actions within his conclusive and preclu-
sive constitutional authority. And he is entitled to at least presump-
tive immunity from prosecution for all his official acts. There is no
immunity for unofficial acts. Pp. 5–43".
There is a very strong case to be made for many of his less than savoury actions that they were not done in an official, but in a personal, capacity. Hence actionable.
Maybe? So how will they be able to separate acts in and out of office in his “official capacity” when the job is 24/7? He’ll say that his sons did the dealing not him, even though we know he would never hand over the reins to them! As his other Lawyer Cohen said, “trump signs all the cheques personally.” Trump trust no-one not family not accountants. His tractional nature makes him want to be responsible for anything where money is to be made. I hope you’re right though. Btw all his acts are unsavoury. Even shaking your hand in a greeting would make me count my fingers afterwards lol.
JANET I want you to read a piece I restacked by Dissent in Bloom “So this is how a free press dies” and take it seriously to save your democracy Project 2025 is not fiction it is rolling along right on track. Thx
Pay special attention to this set of paragraphs to understand why corporations do buybacks of their stocks. It is one of the biggest scams and note that the Clinton Administration put this scam in place. This is why we needs to get rid of Establishment Democrats. Establishment Democrats have sold out the American Citizens by implementing these sort of scams for Corporations to manipulate the US Economy. I'm often left wondering if Meidas Touch's Ben Meiselas is influenced by the whole Establishment Democrats scheme since he worked on the Hillary Clinton Campaign and seems to pal around with establishment Democrats like Neera Tanden, Hillary, and Rahm Emanuel who have sold out the American public to corporations:
"In 1993, the Clinton administration pushed through Section 162(m) of the IRS tax code. Like so many “New Democrat” initiatives, on the surface it sounded like a progressive policy aimed at reining in excessive executive pay. The law capped the corporate tax deductibility of executive compensation at $1 million per executive for publicly traded companies.
Problem solved, right? Wrong. The law included a massive loophole: "performance-based" pay—such as stock options and certain bonuses—was exempted from the cap.
The results were exactly the opposite of what was ostensibly intended. Rather than limiting executive compensation, Section 162(m) caused it to explode. Companies simply capped base salaries at $1 million and shifted compensation to stock options and performance bonuses tied to—you guessed it—stock price.
An SEC study found that executives' sale of personally owned stocks increased from an average of $100,000 per day to $500,000 per day immediately following their companies' buyback announcements. In other words, corporate executives are using company money to pump up stock prices, then personally cashing out at those inflated prices."
Great info! My favorite Clinton diss is NAFTA and SEATA? moving all the manufacturing jobs offshore to China Thailand Singapore Korea Mexico Indonesia Vietnam Taiwan and probably some I’ve never even heard of… Thanks a million billion!!!
Before you continue the Democratic party bashing, reflect on the fact that consumers jumped for joy to export those jobs in exchange for cheap consumer goods. The American consumer has some responsibility in the inevitable fallout.
I disagree, there were very few if any American Consumers jumping for joy to get cheap consumer goods. Americans didn't even know at that point that there would be any cheap products, that understanding came later with Walmart (China crap) and soon Amazon. Amazon still made billions selling cheap stuff, so cheap that even their markup was still high creating billions of dollars for the corporation. More American citizens were concerned about their jobs being shipped to offshore companies. The only people jumping for joy were corporations who knew they could get cheap labor when they expanded internationally as well as skirt any rules concerning environmental damage since third world countries had no rules as well as no rules concerning safety and health of employees. I think you are misrepresenting the history.
Mack, it states right in the article that the buybacks were legislated by Reagan:
"One of the ways companies are able to influence share price to make it look better than it is through stock buybacks—because it reduces the number of shares outstanding. It’s rampant these days, which is why the chart looks like that, and it’s really underhanded as well. So much so that it used to be illegal. Hold onto your hat when I tell you who made it legal.
Ronald Reagan."
I would agree that no administration since has attempted to roll back these provisions, and that the next Democratic admin has to step up and stop some pervasive anti-democracy trends...voter suppression, gerrymandering, ethics violations by SCOTUS and members of Congress, etc. along with corporate finance finagling.
I hope you’re aware of Biden came into the White House with legislation addressing all that election trickery plus getting dark money out of campaigns and that House Democrats passed it. Then Senate Republicans, who had 50 of the 100 seats, dragged it into McConnell’s office and filibustered it to death. This was 2021 to 2022.
This happened to dozens of bills in that period, from transformative legislation to small but vital aid to people in distress. As an example of the first, take Biden’s immigration reform legislation: comprehensive, humane and practical, addressing the needs of migrants who’d been in the country for years, while fixing the actual problems that caused the enormous backlog of asylum applications.
As an example of the second, do you remember when a major baby formula maker had a severe contamination so supplies were scarce? SNAP restricts recipients to a couple of cheap brands, and they were just unavailable in many places. House Democrats passed a bill lifting those restrictions for the duration of the crisis. Republicans killed it. Democrats tried again, and Republicans killed it again before it could hit Biden’s desk.
Media, and citizens, were so occupied with the trump circus that the everyday hard work of government went unnoticed. You pay for representation in Congress. Pay attention to what your employees are doing.
Reagan may have legislated "stock buybacks" but it was the Clinton Administration that implemented the law which capped the corporate tax deductibility of executive compensation at $1 million per executive for publicly traded companies.
HOWEVER: The law included a Massive Loophole - performance-based" pay—such as stock options and certain bonuses—was exempted from the cap.
And this was done with the knowledge/agreement of the Clinton Administration. And it was done after Reagan did the stock buyback legislation. If you believe that the Clinton Administration didn't know that this massive loophole was put in the legislation then you are prone to being scammed.
And as far as a Democratic Administration stepping up to some pervasive anti-democracy trends, there is no evidence that the Democratic Party is interested in doing that. They are more interested in tearing down the Democratic candidate Zorhan Mamdani for NYC Mayor. They always say "vote blue no matter who" well until there is a candidate that doesn't fit the Establishment Democrat mold of status quo and pandering to their AIPAC owners. Those owned by AIPAC are the Establishment Democrats like Hillary, Neera Tanden, Rahl Emmanuel, John Fetterman, and Ricky Torres to name just a few.
And my diss for Clinton’s instantiation of NAFTA still stands regardless of Reagan’s acts. I made no mention of the Democratic Party , Janet W, of which I am and have been a member since 1972. I have personally interviewed Clinton, whom I like; I just didn’t appreciate him sending manufacturing jobs offshore nor his trist with Monica, neither of which Reagan engendered.
As I recall, the manufacturing jobs were already bleeding offshore as companies realized they could hire cheaper and more "compliant" labour, and ship product back to USA markets at reduced prices. Part of the NAFTA drive was a realization that USA markets needed protection, and to have the upper hand in trade relationships. I am not sure NAFTA, in the end, was a big win for anyone.
NAFTA caused a mass exodus of manufacturing jobs. Fact. You might be correct about the motivation of US markets being protected, but the end result was that a myriad of manufacturing plants from automobiles to guitar makers to manufactures of plastic kitchen utensils and an assortment of other ancillary and related industries moved offshore while incorporations saved a large amount of money in the making of their product at the expense of the American worker and via exploitation of a number of other countries from Mexico to Thailand to to China to Korea to Japan because they could send their designs to these people and then have them shipped back at a much smaller percentage of cost than what it cost them to actually manufacture here. As soon as NAFTA was signed, I remarked as a union shop steward, “well, there go our jobs“ which you will find to have been true. another contemporary bitch about China is that they stole our technology…gee, I wonder how!😱
Can you imagine if a Democratic president had this type of enrichment scheme?
Republicans would’ve impeached them immediately and convicted every person involved in this scam. That that’s the problem with that swamp bitch Bondi she’s part of the grift as is every member of Republican Congress.
They’ve known who he was the whole time that’s why they’re allowed inside a trading.
Max, thanks for what must have been an extremely time-consuming analysis. If we ever get our country back, there will be SO MUCH work to do in order to wipe out all this unscrupulous behavior. The greed and need for extreme power by so many in this country is extremely disheartening. And it is killing us. Though it referred to only one person, the title to a Mary Trump book says it all: "Too Much & Never Enough".
Long before our present administration, the IRS complained that huge corporations and their executives were hardly ever targeted for audits because—wait for it—they didn’t have enough experts to investigate their massive often extremely convoluted returns which often involved many other connected companies and corporations.
These organizations are what organized crime means and looks like in the 21st century. They are a law unto themselves.
I totally agree. Trump the felon was always going to commit fraud. I wish MAGA had been more discerning but too late now. At the end of this administration the only ones to walk away with a not guilty verdict will be the already extremely rich. How utterly unfair.
I'm sure this will eventually lead to the biggest blowup of the investment markets EVER - just a matter of time. We little guys will hopefully survive, but it might be very nice to watch the 'big guys' all collapse ! It was very satisfying to watch Madoff's collapse, altho he took down many innocents with him. As many new regulations as are introduced to try to control what goes on, there are far more 'clever' folks figuring out ways around them ! Evil reigns supreme ! Most of us little guys know there is a price for bad intent - we get the 'reward' applied to us immediately, it's so frustrating watching these crooks seeming to get NO payback ! Karma where are you ???
That’s why Biden and the Democrats increased the IRS budget. Republicans claimed that armed IRS agents would come to people’s homes to seize assets. In fact, the money went to 2 kinds of employees. The first was service agents, the people who answer the phone to help people file.
The second was highly skilled accountants and lawyers who went after the extremely wealthy, since it’s known that they underpay. This team recouped all the costs of the new funding, and many billions more.
He might be above the law according to the SCOTUS, but not a single other player in this scheme has that immunity, and they will all be the fall guys and in the jails instead of him. Their foresight is nonexistent and they will pay the price heavily while they watch TT walk away free. Still can’t fix stupid.
Maybe they'll find a woman to jail. Isn't that how it works?
Crypto. When laundering money the old fashion way through strip clubs, offshore banks and shady real estate deals takes too long.
Great report. A lot of time went into to this document. Thank you.
I look forward to the day when all felonpotus's schemes backfire, he loses all his money wealth, he is treated like the pariah he is, he is penniless and begging for attention and everyone ignores him. No one reports his rants. His criminality and pedophilia is known by everyone. He finally ends his days in a prison camp far, far away from the US. Gone, and known in history as the worst ever fpotus, most fraudulent, amoral, hideous stain among other tyrannical horrors of the world.
You can "look forward to the day...." but I think we all know by now it ain't going to happen. America has been conned!
NYTimes says Trump is underwater, hence the crypto scheme
Well why not??! Who's going to stop him? No words... !
The Courts should confiscate his money for all the debts he owes!
A corrupt POTUS? Surely not (feign surprise). Except, in this instance, POT stands for "piece of trash".
When you electe a dangerously senile, decrepit old man who is being handled, run, and babysat by professional grifters, liars, cheaters and criminals, what else can you expect? THIS is what you voted for, a reverse Robin Hood mob, steal from the poor and give to the rich, legally or illegally.
This scam could not have been put together by Trump. He's to stupid to think this deeply. So maybe it's his boys doing the work with the help of others who are more interested in making hay while the sun shines. While Trump is president he has the power of the purse. He pays people to do whatever he wants, with your money! So he gets the heads up from some techie and launches crypto currency. Then gets others to buy into it. Then starts a trade war in order to make stocks rise and fall on his whim, but only after telling his richest pals what he's up to so they can buy and sell accordingly. I'm no math genius but if Trump weren't in office this scam wouldn't work. Remember he killed the departments that were supposed to watch this illegal kind of action. He'll die a rich man and his offspring will live off the proceedings. How unfair to the American tax payer who are having their wages slashed by higher prices for EVERYTHING! The power of the president was not given for him to enrich himself but to make the country better for it's people. This should have been foreseen because they already knew he'd do and say anything to get more money. That's always been his goal.
Once Trump is out of power ( if he goes) the government should freeze his assets and deal with the proceeds of criminal activity
I agree David. Yet I'm not confident that the government will be able to do anything. He has the entire Republican Party behind him and if he sinks so do they. Same for his admin people. They will definitely keep helping him. Teflon Don has escaped accountability for his actions all his life. Now he has even more money for lawyers (even pro bono!) to keep delaying until even his grandkids are old and grey! Also don't forget that the Supreme Court gave him that "get out of jail free" card. Any acts he commits while in office he can no longer be charged for. I don't know why this could not have been foreseen knowing his character, or lack thereof? America has been conned. All you can do is try to fix the damage and make sure it never happens again. I'm sure there will be lots of effort made to hold him to account but it'll go no where. Just like his impeachments.
A Democrat majority House and Senate will have an enormous task of repairing the damage and ensuring that the Constitution has protections against a future Trump
Holding Trump, his family, his synchophants, MAGA Republicans will be essential to reuniting and healing the US
The people will need to see justice done if they are to respect the law
"The people will need to see justice done..."? Is correct. The people have seen the laws broken I don't see them having any respect for the law at this point. Do you? The law was protecting them, the politicians from his insurrectionists and yet he was able to pardon them! The public aren't going to be the only ones who lose "respect for the law." The police will too. The hate mongering Trump has started is going to resonate for a very long time. His family have already bought their very own Island! They can build another Mar a Largo and start again. That's the REAL power of the rich. The can run away and leave everybody else to pick up the pieces. I'm still glad that you have hope though. I myself have lived too long to be anything other that a realist.
Too early to be hopeful
Definitely! ('-')
Note that the immunity is ONLY for "for actions within his conclusive and preclu-
sive constitutional authority. And he is entitled to at least presump-
tive immunity from prosecution for all his official acts. There is no
immunity for unofficial acts. Pp. 5–43".
There is a very strong case to be made for many of his less than savoury actions that they were not done in an official, but in a personal, capacity. Hence actionable.
Maybe? So how will they be able to separate acts in and out of office in his “official capacity” when the job is 24/7? He’ll say that his sons did the dealing not him, even though we know he would never hand over the reins to them! As his other Lawyer Cohen said, “trump signs all the cheques personally.” Trump trust no-one not family not accountants. His tractional nature makes him want to be responsible for anything where money is to be made. I hope you’re right though. Btw all his acts are unsavoury. Even shaking your hand in a greeting would make me count my fingers afterwards lol.
Agreed on all points. The lawyers will have their hands full!
JANET I want you to read a piece I restacked by Dissent in Bloom “So this is how a free press dies” and take it seriously to save your democracy Project 2025 is not fiction it is rolling along right on track. Thx
Some day he will be the fall guy for others’ deeds, unfortunately.
Pay special attention to this set of paragraphs to understand why corporations do buybacks of their stocks. It is one of the biggest scams and note that the Clinton Administration put this scam in place. This is why we needs to get rid of Establishment Democrats. Establishment Democrats have sold out the American Citizens by implementing these sort of scams for Corporations to manipulate the US Economy. I'm often left wondering if Meidas Touch's Ben Meiselas is influenced by the whole Establishment Democrats scheme since he worked on the Hillary Clinton Campaign and seems to pal around with establishment Democrats like Neera Tanden, Hillary, and Rahm Emanuel who have sold out the American public to corporations:
"In 1993, the Clinton administration pushed through Section 162(m) of the IRS tax code. Like so many “New Democrat” initiatives, on the surface it sounded like a progressive policy aimed at reining in excessive executive pay. The law capped the corporate tax deductibility of executive compensation at $1 million per executive for publicly traded companies.
Problem solved, right? Wrong. The law included a massive loophole: "performance-based" pay—such as stock options and certain bonuses—was exempted from the cap.
The results were exactly the opposite of what was ostensibly intended. Rather than limiting executive compensation, Section 162(m) caused it to explode. Companies simply capped base salaries at $1 million and shifted compensation to stock options and performance bonuses tied to—you guessed it—stock price.
An SEC study found that executives' sale of personally owned stocks increased from an average of $100,000 per day to $500,000 per day immediately following their companies' buyback announcements. In other words, corporate executives are using company money to pump up stock prices, then personally cashing out at those inflated prices."
Great info! My favorite Clinton diss is NAFTA and SEATA? moving all the manufacturing jobs offshore to China Thailand Singapore Korea Mexico Indonesia Vietnam Taiwan and probably some I’ve never even heard of… Thanks a million billion!!!
Before you continue the Democratic party bashing, reflect on the fact that consumers jumped for joy to export those jobs in exchange for cheap consumer goods. The American consumer has some responsibility in the inevitable fallout.
I disagree, there were very few if any American Consumers jumping for joy to get cheap consumer goods. Americans didn't even know at that point that there would be any cheap products, that understanding came later with Walmart (China crap) and soon Amazon. Amazon still made billions selling cheap stuff, so cheap that even their markup was still high creating billions of dollars for the corporation. More American citizens were concerned about their jobs being shipped to offshore companies. The only people jumping for joy were corporations who knew they could get cheap labor when they expanded internationally as well as skirt any rules concerning environmental damage since third world countries had no rules as well as no rules concerning safety and health of employees. I think you are misrepresenting the history.
Mack, it states right in the article that the buybacks were legislated by Reagan:
"One of the ways companies are able to influence share price to make it look better than it is through stock buybacks—because it reduces the number of shares outstanding. It’s rampant these days, which is why the chart looks like that, and it’s really underhanded as well. So much so that it used to be illegal. Hold onto your hat when I tell you who made it legal.
Ronald Reagan."
I would agree that no administration since has attempted to roll back these provisions, and that the next Democratic admin has to step up and stop some pervasive anti-democracy trends...voter suppression, gerrymandering, ethics violations by SCOTUS and members of Congress, etc. along with corporate finance finagling.
I hope you’re aware of Biden came into the White House with legislation addressing all that election trickery plus getting dark money out of campaigns and that House Democrats passed it. Then Senate Republicans, who had 50 of the 100 seats, dragged it into McConnell’s office and filibustered it to death. This was 2021 to 2022.
This happened to dozens of bills in that period, from transformative legislation to small but vital aid to people in distress. As an example of the first, take Biden’s immigration reform legislation: comprehensive, humane and practical, addressing the needs of migrants who’d been in the country for years, while fixing the actual problems that caused the enormous backlog of asylum applications.
As an example of the second, do you remember when a major baby formula maker had a severe contamination so supplies were scarce? SNAP restricts recipients to a couple of cheap brands, and they were just unavailable in many places. House Democrats passed a bill lifting those restrictions for the duration of the crisis. Republicans killed it. Democrats tried again, and Republicans killed it again before it could hit Biden’s desk.
Media, and citizens, were so occupied with the trump circus that the everyday hard work of government went unnoticed. You pay for representation in Congress. Pay attention to what your employees are doing.
Reagan may have legislated "stock buybacks" but it was the Clinton Administration that implemented the law which capped the corporate tax deductibility of executive compensation at $1 million per executive for publicly traded companies.
HOWEVER: The law included a Massive Loophole - performance-based" pay—such as stock options and certain bonuses—was exempted from the cap.
And this was done with the knowledge/agreement of the Clinton Administration. And it was done after Reagan did the stock buyback legislation. If you believe that the Clinton Administration didn't know that this massive loophole was put in the legislation then you are prone to being scammed.
And as far as a Democratic Administration stepping up to some pervasive anti-democracy trends, there is no evidence that the Democratic Party is interested in doing that. They are more interested in tearing down the Democratic candidate Zorhan Mamdani for NYC Mayor. They always say "vote blue no matter who" well until there is a candidate that doesn't fit the Establishment Democrat mold of status quo and pandering to their AIPAC owners. Those owned by AIPAC are the Establishment Democrats like Hillary, Neera Tanden, Rahl Emmanuel, John Fetterman, and Ricky Torres to name just a few.
Which goes to Kirsten's comment on the legislation the Biden admin was prevented from passing to address campaign finance law...or the lack thereof.
And my diss for Clinton’s instantiation of NAFTA still stands regardless of Reagan’s acts. I made no mention of the Democratic Party , Janet W, of which I am and have been a member since 1972. I have personally interviewed Clinton, whom I like; I just didn’t appreciate him sending manufacturing jobs offshore nor his trist with Monica, neither of which Reagan engendered.
As I recall, the manufacturing jobs were already bleeding offshore as companies realized they could hire cheaper and more "compliant" labour, and ship product back to USA markets at reduced prices. Part of the NAFTA drive was a realization that USA markets needed protection, and to have the upper hand in trade relationships. I am not sure NAFTA, in the end, was a big win for anyone.
NAFTA caused a mass exodus of manufacturing jobs. Fact. You might be correct about the motivation of US markets being protected, but the end result was that a myriad of manufacturing plants from automobiles to guitar makers to manufactures of plastic kitchen utensils and an assortment of other ancillary and related industries moved offshore while incorporations saved a large amount of money in the making of their product at the expense of the American worker and via exploitation of a number of other countries from Mexico to Thailand to to China to Korea to Japan because they could send their designs to these people and then have them shipped back at a much smaller percentage of cost than what it cost them to actually manufacture here. As soon as NAFTA was signed, I remarked as a union shop steward, “well, there go our jobs“ which you will find to have been true. another contemporary bitch about China is that they stole our technology…gee, I wonder how!😱
As I read that, the theme music of "The Sting" swarmed into my brain!
I can't believe this is going on while they are stuffing brown people into cages and children are going hungry. I am disgusted.
Can you imagine if a Democratic president had this type of enrichment scheme?
Republicans would’ve impeached them immediately and convicted every person involved in this scam. That that’s the problem with that swamp bitch Bondi she’s part of the grift as is every member of Republican Congress.
They’ve known who he was the whole time that’s why they’re allowed inside a trading.
Sicking. I think it's pathetic that the cheater gets so much airtime...