To the writer Nourel Roubini



Economic has nothing to do with left or right political beliefs.

Economic can't be managed by some politically motivated policies being it left or right.



I was waiting for the data how much inequality increased under Obama.

And than compare it so see if Trump can beat it by a few percentage points.

Everyone has the right for their own opinion but not their own fact.

The next we gonna hear that all the issues that clearly the so called globalization created is Trump's fault.

By the writer

"Moreover, international provisions in the pending tax legislation will give US multinationals an even greater incentive to invest, hire, and produce abroad, while using transfer pricing and other schemes to salt away profits in low-tax jurisdictions."



This is a straight admitting one of globalization biggest issues or call it short comings.

Of course lowering corporate tax rate on profits trying to make this issue somehow manageable but it won't fix the critical incompatibility between globalization and the closed economic system the capitalist economic system based on profits and debt.

The problem is that the U.S. elected first Obama as kind black populism than Trump as kind of white populism but of course both are absolutely clueless about the real issues that globalization created nevermind how to fix it or even only just manage them.

Obama choice were kind of more social benefits to compensate.

Trump choice are kind of more of the trickle down economic that actually the very globalization prevents because profit wont trickle down but trickles away and of course debts stays local.

But of course until elected politicians and economists are not even understanding the functioning of the closed capitalist economic system and the non compatibility of the so called (open)globalization the issues like income inequalities can't be fixed.



The writer words.

"But why has his base let him get away with pursuing policies that mostly hurt them? According to one view, he is betting that social conservatives and white blue-collar supporters in rural areas will vote on the basis of nationalist and religious sentiment and antipathy toward secular coastal elites, !!!*rather than for their own financial interests*.!!!!



But how long can anyone be expected to support “God and guns” at the expense of “bread and butter”? The pluto-populists who presided over the Roman Empire knew that keeping the populist mob at bay required substance as well as diversion: panem et circenses – “bread and circuses.” Raging tweets are meaningless to people who can scarcely afford a dignified living, let alone tickets to the modern-day Colosseum to watch football.





So if the writer hopes that people will vote for their financial interest than maybe there should be an understanding what is their financial interest and how to ensure that the government's policies, regulations and taxes are not interference with it.

For that people need to be aware of their economic rights and that is not socialist welfare but their absolute right to sell their labor for a fair market value without any interference by government's policies and regulations especially those that directly discriminate against their basic economic rights.

Anyway the writer should put away his personal dislike of the president if wants to write about economic issues.

By the way how about the 3 percent increase in the last two quarters looks like 2 percent is just an other opinion not a fact.