Tuscon, Arizona after Trump

Donald Trump is a well-known property developer and licensor of his brand name. Property developers know the greatest value of real esate and greatest demand for real estated is waterfront properties.

Thanks to Donald Trump dumping the Paris Accord more and more of America will soon become much more valuable as waterfront properties.

The Republicans who urged Trump to pull out of Paris deal are big oil darlings

James Inhofe: climate change’s biggest enemy in the Senate, and the co-author of the letter. Photograph: Chip Somodevilla/Getty Images

A withdrawal by Donald Trump from the Paris climate accord would go down as a hallmark of his presidency. It would be unilateral, reckless and splashy – trademark Trump. The president has said he will announce his decision at 3pm ET (8pm BST) on Thursday.

But while Trump has often stood on a range of issues as a maverick outlier from mainstream Republican politics, on climate change he is at the centre of the party’s orthodoxy. Trump’s disbelief in climate change and imminent decision on whether to support the Paris agreement reflects an area of unusual agreement between the president and elected Republicans, whose track record of climate change denialism is plain and long.

Unmissable behind the elected Republicans stand other interests: the oil, gas and coal industries, which together are some of the most influential donors to Republican candidates.

The big-money supporters got a return on their investment last week, when 22 Republican senators whose campaigns have collected more than $10m in oil, gas and coal money since 2012 sent a letter from the president urging him to withdraw from the Paris deal.

Donations from oil, gas and coal interests to the signatories of the letter are Open Secrets that seemed ready for a new review. A Guardian survey of Federal Elections Commission data organized by the Center for Responsive Politics found that the industries gave a total of $10,694,284 to the 22 senators over the past three election cycles.

Visible donations to Republicans from those industries exceeded donations to Democrats in the 2016 election cycle by a ratio of 15-to-1, according to the Center for Responsive Politics. And that does not include so-called dark money passed from oil interests such as Koch industries to general slush funds to re-elect Republicans such as the Senate leadership fund.

At least $90m in untraceable money has been funneled to Republican candidates from oil, gas and coal interests in the past three election cycles, according to Federal Election Commission disclosures analyzed by the Center for Responsive Politics.

Here is a breakdown for the past three election cycles (2012, 2014 and 2016).

James Inhofe, Oklahoma

Oil & gas: $465,950

Coal: $63,600

Total: $529,550

John Barrasso, Wyoming

Oil & gas: $458,466

Coal: $127,356

Total: $585,822

Mitch McConnell, Kentucky

Oil & gas: $1,180,384

Coal: $361,700

Total: $1,542,084

John Cornyn, Texas

Oil & gas: $1,101,456

Coal: $33,050

Total: $1,134,506

Roy Blunt, Missouri

Oil & gas: $353,864

Coal: $96,000

Total: $449,864

Roger Wicker, Mississippi

Oil & gas: $198,816

Coal: $25,376

Total: $224,192

Michael Enzi, Wyoming

Oil & gas: $211,083

Coal: $63,300

Total: $274,383

Mike Crapo, Idaho

Oil & gas: $110,250

Coal: $26,756

Total: $137,006

Jim Risch, Idaho

Oil & gas: $123,850

Coal: $25,680

Total: $149,530

Thad Cochran, Mississippi

Oil & gas: $276,905

Coal: $15,000

Total: $291,905

Mike Rounds, South Dakota

Oil & gas: $201,900

Coal: none

Total: $201,900

Rand Paul, Kentucky

Oil & gas: $170,215

Coal: $82,571

Total: $252,786

John Boozman, Arkansas

Oil & gas: $147,930

Coal: $2,000

Total: $149,930

Richard Shelby, Alabama

Oil & gas: $60,150

Coal: $2,500

Total: $62,650

Luther Strange, Alabama

(Appointed in 2017, running in 2017 special election)

Total: NA

Orrin Hatch, Utah

Oil & gas: $446,250

Coal: $25,000

Total: $471,250

Mike Lee, Utah

Oil & gas: $231,520

Coal: $21,895

Total: $253,415

Ted Cruz, Texas

Oil & gas: $2,465,910

Coal: $103,900

Total: $2,569,810

David Perdue, Georgia

Oil & gas: $184,250

Coal: $0

Total: $184,250

Thom Tillis, North Carolina

Oil & gas: $263,400

Coal: $0

Total: $263,400

Tim Scott, South Carolina

Oil & gas: $490,076

Coal: $58,200

Total: $548,276

Pat Roberts, Kansas

Oil & gas: $388,950

Coal: $28,825

Total: $417,775

Sum total for all 22 Republican signatories: $10,694,284

Perhaps the only reason Donald Trump promoted ‘Drain The Swamp’ was to make it easier for oil & gas companies to drill.

Read the complete story on The Guardian web site.

 

 

 

 

 

 

 

 

 

 

 

Trump had been said to be on the fence about the deal. Members of his inner circle, including his daughter, were reported to favor staying in.

“We strongly encourage you to make a clean break from the Paris Agreement,” read the letter, drafted by Wyoming’s John Barrasso, chairman of the Senate committee on environment and public works, and Oklahoma’s Jim Inhofe, a longtime climate change denier and senior member of that committee.

The letter argued that the Paris deal threatened Trump’s efforts to rescind the clean power plan, an Obama-era set of regulations and guidelines that include emissions caps and other rules deemed onerous by the fossil fuel industries.

It was not as if Trump wanted for advisers urging him to withdraw from the Paris deal even before the letter was sent. Environmental Protection Agency administrator Scott Pruitt and chief strategist Stephen Bannon urged withdrawal, while energy secretary Rick Perry favored renegotiation.

Activists investigating Ivanka Trump’s China shoe factory detained or missing

Workers at the Huajian shoe factory, where about 100,000 pairs of Ivanka Trump-branded shoes have been made over the years among other brands. Photograph: Greg Baker/AFP/Getty Images

A labour activist working undercover investigating abuses at a Chinese factory that makes Ivanka Trump shoes has been detained by police and two others are missing, raising concerns the company’s ties to the US president’s family may have led to harsher treatment.

Hua Haifeng was being held by police on suspicion of illegal surveillance, his wife Deng Guilian said. Hua had worked for labour rights organisations for more than a decade and was investigating a factory in southern Guangdong province for New York-based rights group China Labor Watch.

Hua, 36, attempted to travel to Hong Kong last week but was stopped at the border. He was later questioned by police in Shenzhen, a city on the border with Hong Kong, and was released. He then traveled to Jiangxi province and disappeared, before his wife was notified by police.

“I was scared when the police called me, I was shaking with a mix of fear and anger,” Deng told the Guardian, adding she was worried she would be unable to support their two young children as well as three elderly relatives without his income.

The case highlights the political sensitivity of a brand associated with the family of Donald Trump, who repeatedly bashed China for taking American jobs on the campaign trail but has since cosied up to president Xi Jinping.

Trump himself has been granted dozens of trademarks in China since becoming president, and relatives of Jared Kushner, an advisor to the president, were recently caught trying to entice wealthy investors into luxury developments, with the prospect of receiving US green cards in return.

Two other men, Li Zhao and Su Heng, had investigated a factory in Jiangxi province that assembles Ivanka Trump shoes and were still missing on Wednesday, said Li Qiang, executive director of China Labor Watch. He believes they have been detained by police or are being held at the factory.

“I think they were detained because this factory makes products for Ivanka Trump, so now this situation has become political and very complicated,” said Li. “I appeal to President Trump, Ivanka Trump herself, and to her brand to advocate and press for the release our activists.”

The undercover activists were to allege a host of labour violations at the plant, Li said, including paying below China’s legal minimum wage, managers verbally abusing workers and “violations of women’s rights”.

Li said he contacted the Ivanka Trump brand on April 27 to inform them of the labour violations, and urged them to ensure their suppliers were complying with Chinese law, but no changes were made.

The Ivanka Trump brand declined to comment when contacted by the Guardian. A woman who answered the phone at the Ganzhou, Jiangxi public security bureau said only, “I’m busy now,” before hanging up.

Calls to Huajian Group, the owner of the factory, went unanswered and staff at the factory where the three activists had gone undercover said they were not aware of the case.

Huajian also manufactures products for Coach, Karl Lagerfeld and Kendall + Kylie at the factory where the activists went undercover.

Read the complete article on The Guardian newspaper website.

Updated Trumpcare Bill Will See 41 Million Americans Be Health Care Losers

Sick people would probably have to pay more under the health bill passed by the House, the Congressional Budget Office reports. Credit Ozier Muhammad/The New York Times

The Senate now has a clearer sense of the 41 million Americans who would lose under the health bill the House sent them by Donald Trump and the Republicans. It also got a startlingly direct message from government analysts about how destabilizing one of the House ideas could be.

The Congressional Budget Office published its assessment of the House health bill on Wednesday, and warned that a last-minute amendment made to win conservative votes would result in deeply dysfunctional markets for about a sixth of the population. In those places, insurance would fail to cover important medical services, and people with pre-existing illnesses could be shut out of coverage, the budget office said.

It found that about half the country would face thinner coverage for people who buy their own insurance, as it would be unlikely to include mental health and addiction treatment services, maternity care or rehabilitation services. Medical deductibles would also increase.

As in the original version of the bill, winners would include people who are young, healthy and earn higher incomes. They would be better off, assuming they didn’t develop serious health problems. The bill makes big cuts to taxes on payroll and investment income for those earning more than $200,000, and provides more subsidies to buy insurance for people earning between about $50,000 and $150,000. On average, premiums for health plans people buy for themselves would decline over the 10-year period, as coverage becomes less generous.

The report was sharply critical of the idea that sicker patients could be protected in a system that allowed insurers to charge them higher premiums. In the minority of states it predicted would pursue broad waivers of Obamacare’s insurance regulations, the office said that sick customers would face far higher prices and many would be priced out of the market altogether.

The bill would save the federal government $119 billion in a decade.

The largest savings would come from cutting Medicaid and reducing tax credits for middle-income insurance buyers.

Projected cumulative change in deficit, in billions

Because Republicans are using a special legislative process to avoid a filibuster in the Senate, the bill had to comply with special rules. They include saving the federal budget at least $2 billion over 10 years.

An initial version of the bill would have saved the federal government $337 billion over a decade, and a subsequent version would have saved half that amount. House Republicans pulled an earlier bill from the floor because they did not have enough votes to pass it.

In the final bill, however, lawmakers added more spending in various areas to get enough votes to pass, including $8 billion over five years to help cover insurance costs for people with pre-existing conditions.

One of the bill’s most expensive items is a provision that would eliminate about $600 billion in taxes imposed under the Affordable Care Act, including taxes on investment income, prescription drugs and indoor tanning.

23 million more Americans will be uninsured in 10 years.

The budget office projected that in 2018, the number of uninsured would increase to 41 million and would continue to grow. In 10 years, it would become closer to what it was before the Affordable Care Act, President Barack Obama’s signature health law, took effect.

Number of uninsured

People with Medicaid coverage would take the largest loss. In a decade, 14 million fewer people would be enrolled in the program.

The C.B.O. estimates that the increase in the number of uninsured would be disproportionately larger among older people with low incomes.

Cost of insurance could rise more than nine-fold for some older people with low incomes.

The House bill included last-minute amendments that let states seek changes to certain insurance regulations.

The C.B.O. estimates that premiums could go down about 10 to 30 percent for people in states that make moderate changes to these regulations. This is largely achieved by offering skimpier plans and pricing out the old and sick from the insurance market.

Senate leaders, aware of the criticism already leveled at the House bill, say they are writing their own bill. This analysis is likely to offer guidance in where they will and won’t want to go.

Read the complete articles in the New York Times here and here.

Why Trumponomics won’t make America great again

The impulsiveness and shallowness of America’s president threaten the economy as well as the rule of law. Graphic: The Economist

Accordng to this article in The Economist: DONALD TRUMP rules over Washington as if he were a king and the White House his court. His displays of dominance, his need to be the centre of attention and his impetuousness have a whiff of Henry VIII about them. Fortified by his belief that his extraordinary route to power is proof of the collective mediocrity of Congress, the bureaucracy and the media, he attacks any person and any idea standing in his way.

Just how much trouble that can cause was on sensational display this week, with his sacking of James Comey—only the second director of the FBI to have been kicked out. Mr Comey has made mistakes and Mr Trump was within his rights. But the president has succeeded only in drawing attention to questions about his links to Russia and his contempt for the norms designed to hold would-be kings in check.

Just as dangerous, and no less important to ordinary Americans, however, is Mr Trump’s plan for the economy. It treats orthodoxy, accuracy and consistency as if they were simply to be negotiated away in a series of earth-shattering deals. Although Trumponomics could stoke a mini-boom, it, too, poses dangers to America and the world.

Trumponomics 101

In an interview with this newspaper, the president gave his most extensive description yet of what he wants for the economy (see article). His target is to ensure that more Americans have well-paid jobs by raising the growth rate. His advisers talk of 3% GDP growth—a full percentage point higher than what most economists believe is today’s sustainable pace.

In Mr Trump’s mind the most important path to better jobs and faster growth is through fairer trade deals. Though he claims he is a free-trader, provided the rules are fair, his outlook is squarely that of an economic nationalist. Trade is fair when trade flows are balanced. Firms should be rewarded for investing at home and punished for investing abroad.

The second and third strands of Trumponomics, tax cuts and deregulation, will encourage that domestic investment. Lower taxes and fewer rules will fire up entrepreneurs, leading to faster growth and better jobs. This is standard supply-side economics, but to see Trumponomics as a rehash of Republican orthodoxy is a mistake—and not only because its economic nationalism is a departure for a party that has championed free trade.

The real difference is that Trumponomics (unlike, say, Reaganomics) is not an economic doctrine at all. It is best seen as a set of proposals put together by businessmen courtiers for their king. Mr Trump has listened to scores of executives, but there are barely any economists in the White House. His approach to the economy is born of a mindset where deals have winners and losers and where canny negotiators confound abstract principles. Call it boardroom capitalism.

That Trumponomics is a business wishlist helps explain why critics on the left have laid into its poor distributional consequences, fiscal indiscipline and potential cronyism. And it makes clear why businessmen and investors have been enthusiastic, seeing it as a shot in the arm for those who take risks and seek profits. Stockmarkets are close to record highs and indices of business confidence have soared.

In the short term that confidence could prove self-fulfilling. America can bully Canada and Mexico into renegotiating NAFTA. For all their sermons about fiscal prudence, Republicans in Congress are unlikely to deny Mr Trump a tax cut. Stimulus and rule-slashing may lead to faster growth. And with inflation still quiescent, the Federal Reserve might not choke that growth with sharply higher interest rates.

Unleashing pent-up energy would be welcome, but Mr Trump’s agenda comes with two dangers. The economic assumptions implicit in it are internally inconsistent. And they are based on a picture of America’s economy that is decades out of date.

Contrary to the Trump team’s assertions, there is little evidence that either the global trading system or individual trade deals have been systematically biased against America (see article). Instead, America’s trade deficit—Mr Trump’s main gauge of the unfairness of trade deals—is better understood as the gap between how much Americans save and how much they invest (see article). The fine print of trade deals is all but irrelevant. Textbooks predict that Mr Trump’s plans to boost domestic investment will probably lead to larger trade deficits, as it did in the Reagan boom of the 1980s. If so, Mr Trump will either need to abandon his measure of fair trade or, more damagingly, try to curb deficits by using protectionist tariffs that will hurt growth and sow mistrust around the world.

A deeper problem is that Trumponomics draws on a blinkered view of America’s economy. Mr Trump and his advisers are obsessed with the effect of trade on manufacturing jobs, even though manufacturing employs only 8.5% of America’s workers and accounts for only 12% of GDP. Service industries barely seem to register. This blinds Trumponomics to today’s biggest economic worry: the turbulence being created by new technologies. Yet technology, not trade, is ravaging American retailing, an industry that employs more people than manufacturing (see article). And economic nationalism will speed automation: firms unable to outsource jobs to Mexico will stay competitive by investing in machines at home. Productivity and profits may rise, but this may not help the less-skilled factory workers who Mr Trump claims are his priority.

The bite behind the bark

Trumponomics is a poor recipe for long-term prosperity. America will end up more indebted and more unequal. It will neglect the real issues, such as how to retrain hardworking people whose skills are becoming redundant. Worse, when the contradictions become apparent, Mr Trump’s economic nationalism may become fiercer, leading to backlashes in other countries—further stoking anger in America. Even if it produces a short-lived burst of growth, Trumponomics offers no lasting remedy for America’s economic ills. It may yet pave the way for something worse.

A complete transcript of The Economist’s interview with Mr Trump is available here.

Palace whispers in the court of King Donald

Image from The Economist magazine article.

IT IS too soon to know whether Donald Trump’s sudden, regal dismissal of the FBI director—“Off with his head!”—will trigger a constitutional crisis. Much depends on who is appointed to succeed James Comey, and on the fate of FBI probes into Russian meddling in the election of 2016.

It is not too soon to make a more general observation. Less than four months into the reign of King Donald, his impetuous ways are making it more likely that his presidency will be a failure, with few large achievements to its name. That is not journalistic snark but a statement of fact, based on warnings from prominent Republicans and Democrats, notably in the Senate.

The 100 members of the Senate have a touchy relationship with every president. They are grandees, with a keen sense of superiority over the toiling hacks who serve in the House of Representatives and the here-today-gone-tomorrow political appointees who run the executive branch. Senators are treated as princes when they travel overseas, briefed by grizzled American generals and treated to tea by local potentates. In their dreams, election campaigns might still involve addressing crowds from the flag-draped caboose of a private train. Small wonder, then, that senators often resent the still-grander life of a president. Yet their dismay over Mr Trump sounds different.

As the Trump era began, Democratic senators recalled how this populist president had scorned both parties on the campaign trail, and wondered whether he might seek new, bipartisan coalitions to help hard-pressed working Americans. Democrats would muse, off the record, about the terms they would demand for supporting policies like a vast infrastructure programme. Perhaps, for example, they might seek union wage rates for workers building Mr Trump’s new airports and bridges. Republican senators worried, privately, about the same thing from the other side. They fretted that their new president would strike bargains with the new Democratic leader in the Senate, the canny, deal-cutting Charles Schumer of New York. To comfort themselves, Republicans imagined Mr Trump as a sort of salesman-CEO, selling comprehensive tax reform and deregulation to the masses while delegating day-to-day government to conventional conservatives such as his vice-president, Mike Pence.

Not any more. Increasingly the mood among Senate Republicans is a mixture of incredulity and gloom, as each political success (the confirmation of Neil Gorsuch as a Supreme Court justice, deftly handled cruise-missile strikes on Syria) is followed by a momentum-killing outburst from the president.

Some cast Mr Trump’s woes as a crisis of messaging and of White House staff discipline. At a recent lunch for Senate Republicans , Senator Mitch McConnell of Kentucky, the owl-like majority leader, scolded Mr Pence over a Trump tweet that suggested a government shutdown might be a nifty idea. You don’t believe that, we don’t believe that, and that sort of tweet only makes our lives harder, Mr McConnell reportedly told the vice-president. Prominent Republicans and Democrats have offered Mr Trump the same advice: find a chief of staff in the ferocious mould of James Baker, chief enforcer in the White Houses of Ronald Reagan and George H.W. Bush. Some senators have still more specific counsel to offer. They urge Mr Trump to create a domestic policy team that apes the professionalism of his national security team. They praise his second national security adviser, Lieutenant-General H.R. McMaster, for turning around a group left in chaos by his ill-starred predecessor, Mike Flynn, and hail the way that his defence secretary, James Mattis, works with the secretary of state, Rex Tillerson. Not only do the chieftains of the Pentagon and State Department meet on their own at least once a week for breakfast to share their thinking, when recommending policies they try to present the president with a single option.

At the root of each fresh crisis lies Mr Trump’s character. If he were a king in velvet and ermine that would matter less. But he is an American president. Party loyalty may save him from a revolution. But, startlingly early on, his own colleagues are starting to wonder what King Donald is for.

Read the complete article on The Economist magazine web site.

Trump admits ‘this Russia thing’ part of reasoning for firing James Comey

Donald Trump has said he was thinking of “this Russia thing” when he decided James Comey’s fate – contradicting the White House rationale that he fired the FBI director for mishandling the Clinton email investigation.

Comey had been leading an investigation into possible collusion between Trump advisers and Russian officials when he was dismissed by the president. Defending that decision in an interview on NBC News on Thursday, Trump said: “And, in fact, when I decided to just do it, I said to myself, I said: ‘You know, this Russia thing with Trump and Russia is a made up story, it’s an excuse by the Democrats for having lost an election that they should’ve won.’”

Trump also said there were three occasions on which Comey assured him he was not under investigation. The president said he called the director of the FBI to ask for an update on a possible criminal investigation into his ties with Russia.

In the NBC interview Trump also flatly contradicted his own vice-president and spokesman by saying he decided to fire James Comey before receiving a recommendation from the deputy attorney general.

Trump recalled three conversations with Comey about the FBI investigation into Russian interference in last year’s presidential election. First, he said, there was a dinner which was also about Comey’s future, raising the prospect that Trump could threaten his job.

“He wanted to stay on at the FBI,” Trump said, “and I said I’ll, you know, consider and see what happens … But we had a very nice dinner, and at that time he told me, ‘You are not under investigation.’’’

Matthew Miller, a former spokesman for the Department of Justice, told MSNBC: “It’s completely inappropriate for [Trump] to ask that question … It would also be a violation of DoJ rules for James Comey to answer it.”

Asked at Thursday’s White House press briefing if it was inappropriate for Trump to have asked Comey if he was under investigation, deputy press secretary Sarah Huckabee Sanders said: “No, I don’t believe it is.”

She added: “I don’t see it as a conflict of interest and neither do many of the legal scholars who’ve been commenting on it over the last hour.” Sanders did not identify which “legal scholars” that she was referring to.

When the president fired Comey on Tuesday, the White House released a memo from deputy attorney general Rod Rosenstein that criticised Comey for mishandling last year’s investigation into Hillary Clinton’s emails. Press secretary Sean Spicer claimed it was this memo that prompted Trump to remove Comey, a position backed by vice-president Mike Pence on Wednesday.

Pence said in an interview with CNN that Trump had “made a decision to accept the recommendation of the deputy attorney general and the attorney general to remove Director Comey.”

But in the NBC interview, Trump said of Comey: “He’s a showboat, he’s a grandstander, the FBI has been in turmoil. You know that, I know that. Everybody knows that. You take a look at the FBI a year ago, it was in virtual turmoil, less than a year ago. It hasn’t recovered from that.”

He explained: “I was going to fire Comey. My decision. I was going to fire Comey. There’s no good time to do it, by the way. I was going to fire regardless of recommendation.”

The revelation came amid a flurry of reports suggesting that Trump had grown increasingly irate with Comey in recent weeks because of his high profile, his failure to stop leaks, his pursuit of the Russia investigation and his lack of support for the president’s claim that he was wiretapped by Barack Obama.

In the end, he fired Comey late on Tuesday afternoon, a move that seemed to take many White House staff by surprise. The official reason given was the FBI director’s mishandling of the investigation into Clinton’s emails.

The acting head of the FBI, meanwhile, said on Thursday that Comey enjoyed broad support among its staff – directly contradicting the White House assertion that he had lost the confidence of the FBI rank and file.

Read the complete article on the above story in The Guardian web site.

Read this The Guardian article for background on “What do we know about alleged links between Trump and Russia?

Read this New York Times articleFor Trump Supporters, the Real Outrage Is the Left’s Uproar Over Comey.