Stephen Schwarzman
Meritocracy? Crain's is preparing to crown Blackstone Group co-founder Stephen Schwarzman (center) as the first CEO to make $1 billion in one year. Blackstone is Wall Street’s most powerful private-equity firm with approximately $434 billion in assets under management. Photo credit: Adapted by WhoWhatWhy from Financial Times / Flickr (CC BY 2.0) .

Rewarding Wall Street’s Filthy Rich

Trickle-Down Economics Fail ; Promise of War Pleases Corporate Media ...and More Picks

Trickle-Down Economics Fail ; Promise of War Pleases Corporate Media ...and More Picks 2/6

The Trump Tax Cut Isn’t Trickling Down to Workers (Jimmy)

The author writes, “This is how the GOP bill was sold: The idea was that companies wanted to increase production by adding factories or workers, but couldn’t afford to do so. Ergo, give them more money and more jobs will be created. The problem with this is that there’s no evidence that lack of money was ever holding them back.”

GOP Congressman’s State of the Union Guest Is Admitted Holocaust Denier (Reader Steve)

It has come to light that Florida’s congressman Matt Gaetz’s guest to the State of the Union address is a Holocaust denier. While many questioned the political affiliations of Gaetz’s invitee, Charles C. Johnson, there now exists definitive proof of his controversial views.

Tillerson’s Promise of More War in Syria Gets Warm Reception From Corporate Media (Jimmy)

The author writes, “Not only are media outlets failing to address the violence implicit in Tillerson’s policy, they are claiming the opposite and treating it as a plan for peace in Syria. These articles do not explain how a US-led regime change war will achieve that, instead of the years of war and slave markets such policies brought to Libya, or the half million to a million civilians killed in Iraq.”

US Consumer Protection Official Puts Equifax Probe on Ice (Reader Luke)

The author writes, “Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to people familiar with the matter.”

Following the Pentagon’s Missing Money Trail (Dan)

Want to audit the Pentagon to find the millions of missing dollars? Good luck. As even Republicans admit, it’s apparently impossible. The news comes as Trump is pushing for a boost in military spending.


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