Yes, America is doing well today, if you are wealthy and Republican.  President Donald Trump continues to reign supreme over the Republican Party.  His 887-page Big Beautiful Bill sailed through the House of Representatives.  The  minor hangup was not pulling back on the tax breaks to the rich nor easing up on the cuts to liberal interests.  The Freedom Caucus wanted much bigger reductions to medicaid and liberal interests and was worried about the national debt.  Trump will make a big deal of signing the measure tomorrow.   Read the details .  About the national debt, this bill will add $3.4 trillion to the already $29 trillion the country owes.  Interest on this debt will top a trillion dollars/year and will equal our Gross National Product.  From the  New York Times : Further, two-thirds of the federal budget goes to mandatory programs like Social Security, Medicare and Medicaid.  The Freedom Caucus wanted to lower this...

Trump's Liberation Day tariffs are crashing the stock market. Yesterday Dow Jones:  - 1630  3.9% drop S&P 500:  -274  4.84% drop  ( itself lost nearly $2 trillion of value ) Nasdaq composite:  -1050  -6.97% NBC News: The ripple effects of tariffs will be felt the most by lower-income Americans.   Here’s why. A growing number of Republicans are joining Democrats   as they consider ways to rescind existing tariffs   while limiting Trump’s ability to impose new ones. Today Dow Jones:  -2238  5.5% drop S&P 500:  -323  6% drop Nasdaq composite  -963  -5.8% drop U.S crude oil prices declined 7.3% to $62.54/barrel, a drop of $4.41. From  Time magazine : Trump had initially publicized his tariffs as   “reciprocal tariffs” —meaning taxes on other countries equal to the existing tariffs foreign countries have set against American goods. However, the tariffs announced on Trump’s “Liberation Day” were ...