Daily Clips: April 26th, 2016
How Reaganomics, deregulation and bailouts led to the rise of Trump: A really powerful piece of journalism on how the American voter has been duped into believing trickle-down economics. I found this passage in particular to be precise and distressing:
It took Everyman on Main Street some time to figure out that they’ve been had and finally revolt — 35 years to be more precise. There has been no shortage of big promises since Reagan’s “It’s Morning again in America,” but in the end, they all left the middle class staring into thin wallets while their manipulators were living high on the hog. The failed big ideas began with Reaganomics. The stimulating effect of its tax cuts was supposed to “trickle down” to the masses, but the flow had the viscosity of molasses and stuck with the ultrarich.
More American children and teens aren’t just obese. They’re morbidly obese. According to Vox, “new research suggests” that “the fraction of adolescents with severe obesity — a body mass index of 40 or greater — has more than doubled from 0.9 percent in 1999 to 2.4 percent in 2013 and 2014.”
Federal judge upholds voter ID law in North Carolina: The land of the free.
Tweet of the day: Take a bow, Yglesias.
What if Trump narrowly loses Iowa, leading to the collapse of his image as a “winner” and his whole campaign unravels?
— Matthew Yglesias (@mattyglesias) April 26, 2016