San Juan Mountains

San Juan Mountains
San Juan Mountains: Grenadier Range

Thursday, May 26, 2016

Warren vs. Trump: This Time Its Personal

Elizabeth Warren is on a crusade against Donald Trump.  Although nobody can know for certain why she has decided to dedicate herself to insulting the Republican nominee for the next King of the Socialist Democracy of Amerika, I suspect she is either angling for the VP nomination this year or paving the way for her run for Queen in 2020.  Either way, the things she is saying about Trump today are ridiculous, absurd and filled with abundant evidence of her total economic ignorance as well as her own elitist arrogance.  Trump, for his part, is responding the way Trump always does, with off the cuff remarks about her personality and little in the way of a substantive argument in his defense.  (All quotations below can be found in this article.)
Warren is a Democratic senator from Massachusetts.  She has been attacking Trump for his "unwillingness to release his tax returns, noting that while every presidential candidate since 1976 has done so, 'he doesn't think that the rules that apply to everyone else should apply to him.' Warren then skewered Trump for defending his desire to avoid paying taxes: 'Two weeks ago, he said that he was more than happy to dodge taxes because he doesn't want to throw his money, quote, "down the drain."  'Let's be clear,' Warren said. 'Nurses and teachers and dockworkers, they pay their fair share to keep Trump's businesses going. Programmers and engineers and small business owners, they pay their fair share to support our military, who show courage and sacrifice every day.  Donald Trump thinks that supporting them is throwing money down the drain? Then I say we throw Donald Trump down the drain.'"
"Trump, for his part, has fired back at Warren on Twitter, calling her 'goofy' and questioning her Senate record. Speaking at a rally in Albuquerque, New Mexico, Tuesday night, Trump also called Warren 'Pocahontas,' a reference to how her past description of her native American heritage became a divisive campaign issue during his bid to become senator in 2012."
"Warren portrayed the billionaire real estate mogul as uncaring and dishonest -- picking up on Trump's comments he made about the 2008 financial crisis. 'What kind of a man roots for people to get thrown out of their houses? What kind of a man roots for people to get thrown out of their jobs? To root for people to lose their pensions?' Warren asked. 'I'll tell you exactly what kind of a man does that, it is a man who cares about no one but himself. A small, insecure, money-grubber who doesn't care who gets hurt, so long as he makes a profit off it.'"
Let's consider Warren's accusations about Trump for a bit today.
Warren is upset that Trump will not "release his tax returns" to the media.  She claims that there is a rule requiring him to do so and that his refusal to release them is a flagrant violation of those rules.  Her assertion is a lie.  There is no rule requiring candidates to release their tax returns.   In fact, according to this NY Times report, "Senator Ron Wyden, Democrat of Oregon, introduced legislation on Wednesday (May 25th,ed) that would require major presidential candidates to publicly disclose their three most recent personal income tax returns, a challenge to the presumptive Republican nominee, Donald J. Trump, who has resisted releasing his filings.  Mr. Wyden, the ranking Democrat on the Senate Finance Committee, is trying to goad Republicans, including the committee chairman, Senator Orrin G. Hatch of Utah, and the majority leader, Senator Mitch McConnell of Kentucky, into defending Mr. Trump..."  Now why would a democratic senator introduce a bill to create a law to require Trump to release his tax returns to the media when such a law already exists?  Despite Warren's protestations about Trump's moral character, she is already sinking deeply into the mire of lying and purposeful deception with her untrue statements about the alleged requirement for candidates to release their tax returns to the media.
Warren then "skewered Trump" by asserting that "his desire to avoid paying taxes" is immoral and disqualifies him from being King of the SDA.  Only a career politician could make that argument with a straight face.  Everyone in the universe wants to pay less in taxes.  I suspect that a careful examination of Warren's tax returns over the past several years would clearly show that she has taken all available deductions, adjustments and exemptions in order to reduce her own taxable income to the smallest possible amount.  If she has not done that, choosing instead to not utilize legal means to reduce her taxable income and thus end up paying more in taxes than the law requires, she still can't claim that Trump is immoral for following the law and reducing his taxable income to the lowest possible number.  So, if Warren has paid the least amount of total taxes possible she is a hypocrite when she criticizes Trump.  If she has voluntarily paid more than the law requires she is no saint for doing so and she is certainly no better than Trump or any other citizen who attempts to pay the minimum amount required by law.  On the contrary, she is simply being incredibly stupid.  Anyone who pays more to the federal government in taxes than the law requires clearly is a worshiper of the federal government.  Government, for those idolatrous people, has become a god. 
Warren's argument about where tax revenues collected by the IRS end up going is bizarre.  She claims that moral people like "nurses, teachers and dockworkers pay their fair share to keep Trump's businesses going."  What?  I had to read that sentence several times and I still have no idea what she is trying to say.  Does she really believe that federal tax revenues are sent to Donald Trump to "keep his businesses going?"  Is she really so dumb she does not realize where Trump's profits come from?  Is she actually incapable of comprehending even the simplest truth about the free market?  It would appear so.  It is never a good idea to install a career politician into office who believes that corporate profits are derived from federal tax revenues. 
Warren next appeals to the warfare state and love for the Amerikan empire to rally emotional support for her lies.  As all career politicians seem to do these days, Warren loves the military.  Clearly she believes that it is a good thing for the SDA military to have installations all around the world.  Clearly she believes that it is a good thing when SDA military forces murder millions of citizens in sovereign nations around the world.  For our purposes here, she believes that spending taxpayer dollars on the murder of innocents and the expansion of the empire is a good thing and she criticizes Trump for not agreeing with her.  I am no fan of Trump's distorted take on waging economic warfare with all the other economically powerful nations of the world but when it comes to his desire to rein in the military and reduce the size of the empire I am in full support of him.
Warren's comment about the Great Recession and Trump's related comment in regard to his desire to be able to purchase real estate at lower prices during times of economic distress is one of the best examples of hypocrisy and lying I have read recently.  Warren asks the rhetorical question, "What kind of man roots for people to get thrown out of their houses?"  Obviously she is referring to the wave of foreclosures that characterized the housing market during the Great Recession.  What she does not mention is her material participation in the collapse of the housing market.
According to Wikipedia, "During the late 1970s, 1980s, and 1990s, Warren taught law at several universities throughout the country while researching issues related to bankruptcy and middle-class personal finance.  She became involved with public work in bankruptcy regulation and consumer protection in the mid-1990s."  Furthermore, "On November 14, 2008, Warren was appointed by U.S. Senate Majority Leader Harry Reid to chair the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act."  As one of the chief protagonists in the federal government's response to the Great Recession (that it created) she should know better than to criticize Donald Trump for his views on what took place.  Warren knows, or should know, that federal housing policies encouraging lending to unqualified consumers, coupled with the disastrous and federally mandated "mark to market" corporate accounting principle, were responsible for the onset of the Great Recession.  She should also know that her actions as overseer of the federal government's reaction to the collapse of the housing market only made matters worse for the citizens of this country.  (Go here, here and here for blog posts in support of what I am writing.)  Does she man-up and accept responsibility for the sins she has committed against the very poor people she speaks so fondly of?  Of course not, that is not the way of a career politician.
What is most needed at a time of financial collapse?  Have you ever pondered that question?  More precisely, what is most needed during a time of collapse in real estate prices?  Is it funny-money created by the Fed, as the career politicians believe?  No, that only creates inflation and prolongs the recession.  Is it more laws created by politicians to "make sure it never happens again" and that punish free market entrepreneurs for their alleged role in the collapse?  No, that is just blame shifting and it only ends up in capital destruction.  When the real estate market is collapsing the best way to stop the collapse is for buyers to step in and start buying.  Guess what?  That is precisely what Donald Trump said he would do and it is exactly what Donald Trump did when the Great Recession hit.  Thanks to his, and many others like him, efforts at buying properties while they were collapsing in value a floor was established in the real estate market and the collapse was halted.  Who knows how much worse things would have become for the poor and dispossessed of this country if rich buyers like Donald had not stepped up and stopped the hemorrhaging?
Does Warren praise Trump for his heroic actions during a time of crisis that helped the real estate market of this country recover?  Of course not.  Does she thank him for helping more people to stay in their homes?  Of course not.  All she can see is that he made a profit from his activities and, for that, she condemns him.  Men like Donald Trump bailed Warren and her deadly economic policies out and she now turns around and crucifies him for what he did.  Only in Amerika, where envy reigns supreme in every man's heart,  could this sort of brainless economic propaganda play well with the masses.  Warren is a massive hypocrite.  She claims that Trump "does not care who gets hurt" when, in reality, she was one of those doing the hurting.  When Trump stepped into the fracas and put an end to it, albeit making a profit while doing so, she turns to those she was hurting and attempts to get them to believe that Trump is evil for stopping the bloodletting and that her harmful and destructive efforts against them were noble and kind.  What an ignorant, lying, deceptive, deceitful, arrogant, elitist, stupid, dumb, hateful woman she is. No wonder she believes she is Pocahontas.

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