Politics

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The core belief of the Establishment is the central state should run everything.

For weeks, pundits had been wondering why Donald Trump is holding back from launching direct attacks on Hillary Clinton: after all, only some unpredictable event, or a "brokered convention" (which would "lead to riots" according to Trump) can prevent Trump from being the republican candidate at this point, and the longer Trump delays, the higher the momentum against him on the national arena.

That all changed earlier today when Trump finally launched his first "attack ad" against Hillary in a tweet asking "Is this what we want for a president":

The dress worn by Home Secretary Theresa May during the 2016 budget in Parliament on Wednesday has caused a debate. Observers of George Osborne’s 2016 budget were distracted by the appearance of the Home Secretary sitting next to the Chancellor in a cleavage-boosting red outfit. The Mirror reports: As George Osborne ploughed through the budget, delivering a string of figures about the economy’s growth, it is hardly suprising some minds started to wander. And when Mrs May was wearing a striking red dress right next to him it was hardly surprising she caught the eye.

British chancellor George Osborne is going to raise almost £4.4 billion from his cuts to disabled peoples benefit to fund a tax cut for the rich. The cruel blow to around 640,000 people who receive Personal Independence Payments (PIP) will be even worse than charities and the Labour party had predicted. Jeremy Corbyn criticised this years Budget saying it showed the Chancellor had failed to balance the books of Britain’s finances. The Mirror reports: When the move was announced last week, Iain Duncan Smith claimed it was a minor tweak worth £1.2billion to how benefits are calculated.

Submitted by Martin Armstrong via ArmstrongEconomics.com,