Someone did the numbers and found that the tax cut will reduce revenue and require more borrowing. Investors are concerned about all the additional borrowing and the likelihood of higher inflation, which is why the interest rates on U.S. government bonds hit the highest level since 2014. That, in turn, partly drove the worst sell-off in the stock market in years.
I am of the opinion that this tax cut, like its predecessors, will result in increased revenue. So I am, at this point, not concerned about the tax cut or the sell-off. I may wrong about this.
It seems there are a lot of male jerks.
Newton's first law states that every object will remain at rest unless compelled to change its state by the action of an external force. That has been where sexual harassment has been. Women have tolerated it. Something upset the state of rest and now we are moving ever faster to - well I don't know where we are headed.
Newton's third law is: For every action, there is an equal and opposite reaction. There is a backlash, unintended consequences, to #MeToo. Consider this headline:
Female professionals set back 20 years
Consider what’s happening in the capital of Florida. Female staffers and lobbyists have found “many male legislators will no longer meet with them privately,” reported The Miami Herald. “I had a senator say, ‘I need my aide here in the room because I need a chaperone,’ ” lobbyist Jennifer Green told the paper. “I said, ‘Senator, why do you need a chaperone? . . . Do you feel uncomfortable around me?’ ‘Well,’ he said, ‘anyone can say anything with the door shut.’ ”
This makes it classic Catch 22. Suffer in silence or be locked out.
This is so helpful for #MeToo
California Assemblywoman Cristina Garcia — whose high-profile advocacy of the #MeToo movement earned her national media notice — is herself the subject of a state legislative investigation in the wake of a report that she sexually harassed and groped a former legislative staffer.
The lobbyist, who represents a major industry association, said that Garcia appeared to have been drinking heavily at a fundraiser hosted by Governor Jerry Brown for state Senator Josh Newman at the de Veres bar in Sacramento. He said he was heading out the door in part to avoid the assemblywoman — who had been increasingly “flirtatious” and had called him on a few occasions before for late night drinks which he repeatedly declined.
She spotted him and said,“Where are you going?” the lobbyist said.
“She came back and was whispering real close and I could smell the booze and see she was pretty far gone,’’ he said. “She looked at me for a second and said, “I’ve set a goal for myself to fuck you.”
At that point, Garcia “stepped in front of me and reaches out and is grabbing for my crotch,’’ he said. That was “the line in the sand,” according to the lobbyist, and he stopped her. “I was four inches from her, eyeball to eyeball -- and I said, ‘That ain’t gonna happen.’”