The Last of the Baby Boomers Are Turning 65, And…
Between now and 2030, nearly 30 million Americans born between 1959 and 1964 will turn 65, the tail end of the Baby Boom generation. As the largest cohort on record to reach retirement age, they are often called the “peak boomers.” In a new study supported by the Alliance for Lifetime Income, my co-author Luke Stuttgen and I found that… Continue reading
Donald Trump Is Trying to Pull Off a Scam, Not…
President Trump’s post-election machinations are not a bungled coup attempt; it’s a scam to sustain and enrich himself. A coup would require broad collaboration from the courts and, failing that, from the military. The evidence suggests that Trump may not even be serious about election fraud. If he were, he would have recruited serious election law experts in the states…Continue reading
Continuing Job Losses in Swing States May Seal Trump’s Fate
As Donald Trump sees it, “We are leading the World in Economic Recovery.” Yet, less than two weeks before election day, the economy is weaker than he will ever acknowledge. The number of employed Americans in September was still 7 percent below the levels in February: Eight months into the pandemic, 10.7 million fewer people have jobs than before COVID-19.…Continue reading
Unraveling Trump’s taxes: He Makes Money By Losing Other People’s…
Millions of Americans believe that Donald Trump is a business failure who cheats on his taxes. But to borrow one of his favorite insults, the president may not be “the stone-cold loser,” many imagine. In some ways, he’s a success even considering his businesses generate vast losses and he personally liable for the hundreds of millions of dollars in bank…Continue reading
Donald Trump versus the Suckers Who Pay Their Fair Share…
We need a reality check. The news earlier this week that Donald Trump, who earned $434 million in 2018, paid little or no federal income taxes for years was staggering. Sand those revelations are even more shocking when we compare what Trump paid in federal income taxes to other Americans. Even when he paid a small income tax in 2016…Continue reading
Trump’s Failures and Lies about Manufacturing Jobs
To hear President Trump describe it, “the manufacturing sector is booming,” and “we’ve witnessed one manufacturing miracle after another.” These paeons to his own success with manufacturing are the economic equivalent to his claims that he has masterfully handled the pandemic. In fact, under his presidency, foreign outsourcing by U.S. manufacturers rose frighteningly f while the number of U.S. manufacturing…Continue reading
Donald Trump’s Political Problems with White Voters Threaten His Reelection
Donald Trump’s heated racial appeals betray his growing political problem with white voters. Trump is running far behind Joe Biden in national polls because, according to data from the Pew Research Center, his 20 percentage-point advantage with white voters in 2016 (57% to 37%) dwindled to nine points by mid-August of this year (54% to 45%). Trump’s deficit with Hispanic…Continue reading
Is Trump Playing a Long Game to Stay Out of…
Donald Trump has a serious dilemma. If Joe Biden loses in November, he can go home and settle in as a party elder statesman, as defeated nominees have often done. But if Trump loses, he faces years of intensive investigations by Congress and, assuming he pardons himself, years of investigations by state prosecutors, likely criminal indictments, and possible conviction and…Continue reading
Donald Trump’s Big Lies about What He Has Done for…
Donald Trump and his operatives haven’t figured out how to go after Kamala Harris. Now that Joe Biden has named her to be his running mate, they are discovering she’s hard to tear down. It would come as no surprise, then, if Trump starts to double down on his famous boast: “I’ve done more for Black Americans, in fact, than…Continue reading