November 19, 2016

Next thing you know, the way we determine unemployment and labor-force participation is going to be just fine.

On Wednesday's Talking Points Memo Bill O'Reilly took time to praise Obama for things he and Republicans had campaigned against, and encouraged Trump to do things the Republican Congress blocked Obama from doing.

Because of course he did.

Some of his support is surely based on personal likability, but to be fair he does deserve some policy credit for stabilizing the economy after the mortgage-backed securities fraud almost collapsed it. Also, for helping Americans with severe health problems, so-called "pre-existing conditions," and for conducting himself with class in the White House as a recent meeting with Donald Trump demonstrated.

Love how the collapse in the economy had nothing to do with a Republican Bush White House, and "helping Americans with so-called "pre-existing conditions" has nothing to do with 50+ Obamacare repeal votes. But do go on, BillO:

But there are some very important things President Obama did not do in eight years, things I hope President-elect Trump will consider. First, targeted tax cuts for businesses while at the same time phasing out deductions that drain tax receipts to the government. Mr. Trump is an expert at this and he understands that in order to rebuild the military and roads and bridges you need cash.

Trump is an expert at deductions when they apply to HIM. And "needing cash" isn't going to matter -- remember, Dick Cheney said "Reagan taught us deficits don't matter" unless there's a Democrat in the White House then scream bloody murder about deficits and debt. They're already talking about rescinding the sequester for the military alone. Trump and the Republican Congress are going to explode the deficit. It's what Republicans do.

Also, persuading corporations to bring the profits they are hoarding overseas back to invest in America would be a huge economic stimulator that would expand the economy and create well-paying jobs.

Repatriation? Both Forbes Magazine and Orrin Hatch are on the record as against it. You're bribing multinationals to bring home money that should be home anyway, and killing tax reform while those companies wait for the best deal.

And here's the best of all:

Finally, President-elect Trump should accept the Paris Treaty on Climate, to buy some goodwill overseas! It doesn't really amount to much anyway! Let it go!

I guess the public spanking Trump got from the Chinese government got to BillO. Interestingly, those sentences did not make it into the Transcript of this piece. Coincidence?

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