Jun. 6th, 2017

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Ray Dalio (CEO of Bridgewater) on Donald Trump's policies:

From the higher-level perspective, when faced with the choices between what's good for the whole and what's good for the part, and between harmony and conflict, he has a strong tendency to choose the part and conflict. By “the whole,” I mean the whole ecosystem, the whole world community, and whole of the US, and by “the part,” I mean the part of the US that he is presumably trying to help.

It seems to me people who are trying to figure out whether or not to support him are faced with three big questions: 1) what exactly is the part he’s trying to optimize for (e.g., American manufacturing workers) and at the expense of whom, 2) am I more aligned with that part he is trying to protect (e.g., American manufacturing workers) or more aligned with those who will lose out (e.g., immigrants, those who will lose benefits from his budget changes), and 3) will his path of conflict rather than cooperation be effective or harmful? Sometimes conflict produces better results and sometimes it produces worse results for the people who are pursuing it to get what they want.

https://www.linkedin.com/pulse/couple-thoughts-ray-dalio
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The business community is waking up to the thought that our so-called president might not deliver on his lofty promises.

The Brookings Institute:
There is no $110 billion deal. Instead, there are a bunch of letters of interest or intent, but not contracts.
...
The Defense Security Cooperation Agency, the arms sales wing of the Pentagon, calls them “intended sales.” None of the deals identified so far are new, all began in the Obama administration.

https://www.brookings.edu/blog/markaz/2017/06/05/the-110-billion-arms-deal-to-saudi-arabia-is-fake-news/


Checking the data on coal jobs:
The Environmental Protection Agency head [Scott Pruitt] said that the “coal sector” added 7,000 jobs in May and “almost 50,000 jobs” since the fourth quarter of last year. But the Bureau of Labor Statistics reports an increase of just 400 coal mining jobs in May and 1,300 since December.

http://www.factcheck.org/2017/06/scott-pruitt-coal-jobs/


Unfortunately, the Covfefe administration seems to believe its own propaganda.

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