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The US Economy Is Failing

Paul Craig Roberts

Do the Wall Street Journal’s editorial page editors read their own newspaper?

Content originally published at iBankCoin.com

While proclaiming that "the biggest winners will be everyday American workers," President Trump's top economic adviser, Gary Cohn told ABC News' George Stephanopoulos that he can't guarantee that taxes won't go up for some middle-class families under the administration's sweeping tax overhaul.

"The biggest winners will be the everyday American workers as jobs start pouring into our country, as companies start competing for American labor and as wages start going up at levels that you haven't seen in many years," Trump said.

Just days after The Economist primed the world with its narrative that sending 1.2 bilion unskilled Africans to Europe would increase global GDP, The EU's executive has unveiled plans to resettle at least 50,000 refugees, focusing on people from northern Africa, to bypass smugglers.

As we noted previously, The Economist's argument is plain idiotic.  

 

Submitted by Lance Roberts of Real Investment Advice

Almost a full year after the election of Donald Trump to the White House, one of the key promises made to voters was the largest “tax cut” since Ronald Reagan was in office. As President Trump stated in Indiana yesterday: