Obviously the Trump tax cuts have had an effect. They have bequeathed a gigantic windfall benefit to business owners (as well as the heirs to large fortunes, who will have to pay even lower taxes on the largest inheritances). The Trump tax cuts are of a piece with the endemic corruption that has tied the party’s political class to its buffoonish president. He has made his partners richer, at least temporarily. But by the public-facing standards set out for it, as opposed to the private venal reasons, the Trump tax cuts have failed as miserably as everything else.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
A car loan is typically the first payment people make because a vehicle is critical to getting to work, and someone can live in a car if all else fails. When car loan delinquencies rise, it is usually a sign of significant duress among low-income and working-class Americans.
But... but... Donny promised he “fixed” the economy!
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
Donny: “Only I can fix it!”
Reality: He’s “fixed” it for his family and rich friends. His idiot followers get the shaft. But I suppose you’re one of Donny’s true believers.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell