The DSA is winning primaries and Hakeem Jeffries is clapping for them. A small group of moderate Democrats is trying to push back, but let’s be honest about the odds.
Senator Bernie Moreno, a Republican, is co-sponsoring legislation with Elizabeth Warren to eliminate the Social Security payroll tax cap. For self-employed Americans and high earners, that is not a reform. That is a 52 percent tax rate dressed up as compassion.
They told us it was coming, and right on schedule the trial balloons are in the air. Stimulus checks are being floated again, wrapped in economic pain that is real, driven by political motives that have nothing to do with helping you.
Credit card stress at Great Recession levels, consumer sentiment in the gutter, prices up coast to coast, and the official line from Washington is that everything is basically fine. I don’t care which party is doing the gaslighting. A lie is a lie.
Your brain is running against you every time you make a financial decision, and the brokerage industry built an entire business model around exploiting exactly that. I’ve been watching this con for decades.
Six point two million people fraudulently enrolled in Obamacare still have their coverage intact, while I am paying forty thousand dollars a year and fighting to get a basic scan approved. This is not a broken system. This is a rigged one.
Wall Street loves a good war trade, and right now plenty of people are positioning for $150 oil like it’s a foregone conclusion. I’ve seen this movie before, and it doesn’t end the way they think.
The financial press handed out confetti over May’s jobs report like it was New Year’s Eve. But when you strip away the government hires and the hotel staff additions, the picture gets a lot less festive.
Friday’s tech selloff didn’t hurt Wall Street. It helped them. And if you were on the wrong side of that trade, I need you to hear something uncomfortable.
Both parties got together, shook hands, and handed the American financial system over to a handful of mega-banks. They called it modernization. I call it the setup for the greatest taxpayer heist in history.