How Kamala Harris cut migration from Guatemala and other Central American states

07/31/2024

Katie Tobin deputy assistant to the president shows how Kamal Harris cut migration from Guatemala with her action to stabilize Guatemala after the destabilizing of the region by Reagan and Bush through wars started in the region. The achievements to get Guatemalans and Central Americans to stay home compares favorably with the wars and weapons sent to the region under Reagan-Bush that led to gangs taking over San Salvador and young people leaving. Consider $300 million in humanitarian assistance during COVID years, $5 billion in foreign investment lined up to create 250,000 jobs, pulling US AID and IDFC agencies for loans, and arranging for anti-corruption candidate to take over government in Guatemala following elections. It is an exceptional record achieved in a few months trying to undo decades of destabilizing Central America by Republicans Reagan and Bush. Reagan-Bush also destabilized the US with wars in the Persian Gulf, Iraq and Afghanistan, because infrastructure in US was neglected, and manufacturing jobs were shipped overseas under failures of Reagan-Friedman economic theories destroying communities across the US over three decades.

Linked Articles

Opinion | Kamala Harris Made Progress on the Border Crisis

WSJ 07/29/2024

Katie Tobin

NYTimes.com 07/31/2024

Zolan Kanno Youngs, Jazmine Ulloa

Reagan, Greenspan and America's lost years 1980-2009

11/17/2023

It was in this period that many of the problems that we face today were created through policies of low interest rates, deregulation and financial market speculation leading to the financial crisis of 2008. At the beginning of the Reagan administration in 1980 China was still a country of bicycles and largely rural, by 2009 it had transformed itself into the largest manufacturing nation in the world and continued to 2023. In the US financial deregulation and lack of health care for all allowed financial interests to become the dominant force in the economy in a speculative way , and defunded manufacturing, infrastructure and public services. The work of FDR, Truman Eisenhower and Kennedy unraveled, Clinton, Obama and Trump continued that decline.

Linked Articles

Puerto Rico Was Supposed to Be John Paulson’s Paradise. Then Came the Lawsuits.

WSJ 11/16/2023

Caitlin Mc Cabe

WSJ Jan 15 2008 01/15/2008

Gregory Zuckerman

Years of hyper growth followed by slight or shrinking growth in China

07/31/2022

For years China pushed hyper growth without correctly understanding the sources of that hyper growth and its consequences in the long run. Communities in the US and the EU simply could not cope with the hyper shift of factories from local regions to China that created the hyper growth in China. Local governments in China and self interested investment banks in the US and Eu pushed for this growth and the central government failed to act with restraining action. The result is alienated public in the US and EU, intense trade and competitive frictions and permanent damage to friendly US China, US EU relations. The domestic side of this hyper growth was the overdependence on the property sector which was asked to carry a bigger burden for development leading to the crisis today with local governments strained for financing by $900 billion as reported in WSJ today July 31. 2022. This did not need to happen. China entered this experiment with capitalism without restraining action with very little knowledge of the market economy and how it operates correctly only with restraining and corrective action in the interests of the whole people of the country. Too much has gone wrong for peoples on either side, the unintended effects and consequences in the simple unbridled pursuit of self-interest alone.

Linked Articles

China’s Economy Tested by Strained City Finances

WSJ 07/31/2022

Wall Street Journal Staff

WSJ 07/31/2022

Meet the real Hillary Clinton

10/28/2016

Linked Articles

How Hillary Became ‘Hillary’

The New York Times 10/11/2016

Robert Draper

The New York Times 10/28/2016

Amy Chozick

Chancellor Merkel and listening to German public opinion reflected in state elections of 2016

09/20/2016

Here we argue that contrary to general media coverage in the NYT, WSJ, Economist, and German media, a year from now Merkel may be seen more positively. This is because Merkel has always listened to public opinion carefully, and has told the German public frankly what happened- that she and the German government were caught unprepared in the refugee crisis that came up in summer 2015.

Linked Articles

German politics is turning into a six-party system

The Economist 09/19/2016

DW.COM 09/19/2016

Udo Bauer / Ksb

Donald Trump and Hillary Clinton following the party conventions by August 2016

08/02/2016

Linked Articles

The Donald J. Trump Referendum

WSJ 08/01/2016

WSJ 08/01/2016

Gerald F. Seib

The Bernie Sanders campaign and its effect of increasing negative perceptions of Hillary Clinton

04/20/2016

Linked Articles

Presidential Front-Runners Get Breathing Room After New York Vote

Wall Street Journal 04/20/2016

Gerald F. Seib, Gerald, F., Seib

Washington Post 04/20/2016

Dan Balz, Dan, Balz

The 1912 U.S. presidential election with Woodrow Wilson, Teddy Roosevelt, Taft, and the 2016 election with Hillary Clinton and Cruz or Trump

04/18/2016

Linked Articles

Both Parties’ Presidential Front-Runners Increasingly Unpopular

Wall Street Journal 04/18/2016

Janet Hook, Janet, Hook

Washington Post 04/18/2016

E. J. Dionne, E., J., Dionne

Donald Trump's proposal for 45% tariff on China's exports to the U.S.- how a policy of bringing jobs home could lead to the loss of 1 million U.S. jobs

03/08/2016

By damaging the international trading system including with allies such a Canada, Britain, France and Germany, the result of a downward spiral through higher tariffs in other countries, could end up costing the U.S. 1 million jobs. Under such a system the U.S. would lose many of the advantages of its booming tech sector, its tech driven global advantages in many industries, without signifcant gains in low cost imports such as clothing which would simply migrate to other countries such as India. The problem of worker wage stagnation in the U.S., and loss of jobs in certain sectors, is very real, but this is the wrong way to tackle the problem. China is already moving towards a consumer driven economy. Economists show that trade with Mexico would be seriously hurt both ways, creating more pressure of migrants at the border under such proposals as a 45% tariff and its indirect effect on Mexico, when the actual fact is that net migration from Mexico is the lowest it has ben in decades. Politics can do strange things as when two senators Smoot and Hawley from agricultural states Utah and Oregon, at the head of important committees in the U.S. Congress pushed and passed legislation for a 60% tariff in 1930 for the industrial sector they had no idea about. When Smoot and Hawley lost reelection in 1932 they left behind a lot of damage, especially for the farmers and workers they thought they were fighting for.

Linked Articles

How Trump’s Hard Line on Trade Could Backfire

Wall Street Journal 03/25/2016

Bob Davis, Bob, Davis

Wall Street Journal 03/08/2016

Holman W. Jenkins Jr., Holman, W., Jenkins, Jr.

2016 U.S. presidential candidate Jeb Bush's Tax Plan that spells out details, and takes a shot at 4% growth for restoring lost social and economic mobility in the U.S.

09/09/2015

The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.

Linked Articles

The Bush Growth Plan

Wall Street Journal 09/10/2015

Editorial

New York Times 09/09/2015

Alan Rappeport, Alan, Rappeport, Matt Flegenheimer, Matt, Flegenheimer

The real story behind the higher growth in the Reagan-Clinton years, the lower growth during the Bush-Obama years and Jeb Bush's 4% target

06/18/2015

Linked Articles

Voodoo, Jeb! Style

New York Times 06/19/2015

Paul Krugman, Paul, Krugman

Wall Street Journal 06/18/2015

William A. Galston, William, A., Galston

Hard realities- what a Greek exit from the eurozone in 2015 could do for Greece and for the European Union

04/29/2015

The Economist says Greece could end up becoming a failed state at the doorstep of the European Union. With the major parties losing support extreme parties on the right and left would increase support. The economy of Greece would suffer serious damage. As prices have declined by 16% with no surge in exports, a devaluation of the drachma would not be of much help. Argentina went through a period of severe hardship following the default on the currency. Greece, says the Economist, may be engaging in a strategy to extract concessions from the EU by waiting till the last minute. Yet this strategy has its drawbacks because of the damage to Greece's economy in the process, with the slight growth under the Samaras administration turning into a recession with the 6 months of the Syriza government in 2015.

Linked Articles

What Greece Faces if It Defaults

New York Times 04/29/2015

Uki GoÑi, Uki, GoÑi

Economist 06/20/2015

Economist.Com