Tag Archives: Trumponomics


Trump’s Fortune Fell $600 Million in 2016


The Forbes list of 400 richest Americans shows that the billionaire-in-chief’s fortune fell by $600 million to $3.1 billion. As a result he dropped to #248 on the list, after coming in at #156 last year, CNN Money reports.


Ross: We Won’t Reach 3 Percent Growth Until ALL of Trump’s Initiatives Are Inacted


Commerce Secretary Wilbur Ross told Reuters the U.S. economy won’t achieve the Trump administration’s 3 percent growth goal this year and not until all of its tax, regulatory, trade and energy policies are fully in place. Said Ross: “The Congress has been slow-walking everything. We don’t even have half the people in place.”


Economy Stagnated in Q1


The Commerce Department said the U.S. economy barely grew in the first quarter of 2017, expanding at an annual rate of only 0.7 percent. Associated Press: “The slowdown primarily reflected slower consumer spending, which grew by just 0.3 percent. That was the poorest showing in more than seven years.”

Poetic Justice

RIP Tax Reform

Trump’s tax reform package ain’t based on pay to play,
As it assumes the deficits will magically melt away.
Lawmakers are leery
Of trickle-down theory,
And most say Trump’s tax proposals are DOA.


Tourism to U.S. Dropping Quickly

4.3 million

Washington Post: “Demand for flights to the United States has fallen in nearly every country since January, ­according to Hopper, a travel-booking app that analyzes more than 10 billion daily airfare price quotes to derive its data. Searches for U.S. flights from China and Iraq have dropped 40 percent since Trump’s inauguration, while demand in Ireland and New Zealand is down about 35 percent. (One exception: Russia, where searches for flights to the United States have surged 60 percent since January.) … The result could be an estimated 4.3 million fewer people coming to the United States this year, resulting in $7.4 billion in lost revenue… Next year, the fallout is expected to be even larger, with 6.3 million fewer tourists and $10.8 billion in losses. Miami is expected to be hit hardest, followed by San Francisco and New York.”

Poetic Justice

The Tax Plan Cometh

The hit on the rich will be nominal,
The effects on the lower brackets, abominable.
With a guy from Goldman Sachs
Rejiggering the income tax,
It’s no wonder Trump says it’ll be “phenomenal.”


Trump’s Campaign Paid Trump’s Companies $12.8 Million


“Donald Trump’s campaign paid his companies $12.8 million from the time he launched his improbable presidential bid in the lobby of his company’s flagship Trump Tower property through the end of last year,” Politico reports.

Poetic Justice

No Conflict or Interest

Donald considers journalists to be pests,
And he doesn’t believe in moral litmus tests.
But like most politicians,
He changes his positions,
Except for one — he will never, ever, ever divest.


Republicans: ‘Free Trade Bad’


Of Republicans and Republican-leaning registered voters say free trade has been a bad thing for the U.S., while only 24% say it has been good for the country, according to Pew Research. “These views, which have shifted starkly since May 2015, when 51% of Republican voters said free trade was a good thing for the U.S. and 39% said it was bad, came as President-elect Trump criticized free trade throughout the 2016 election cycle. Democrats, on the other hand, remain largely positive about free trade.”


Trump: Running for President Is a Profit Center

$12 million

Total amount the Trump campaign spent over the course of the campaign on family-owned companies and reimbursing his children for travel, the Wall Street Journal reports.