Mick Mulvaney struck a jovial tone as he introduced the political appointees who would run the Consumer Financial Protection Bureau. One was nicknamed Dreamboat, he said in an email. Another was Mumbles. A third had been a “Jeopardy!” contestant.
“They are really great people,” Mulvaney, the acting director, wrote in a holiday message to the agency’s 1,600 staffers last December.
The levity now seems like a cruel joke to career officials.
Trump continues to build an economy focused on rewarding wealthy corporations at the expense of working families. The Trump tax law gave massive new tax breaks to big corporations and did nothing for workers. Now, while corporations just had their best profit gain in six years, real wages for workers continue to decline.
Corporations just had their best 12-month profit gain in six years largely thanks to the Trump tax law.
Wall Street Journal: “The Commerce Department said its broadest measure of profits across the U.S. economy rose 16.1% from the second quarter a year earlier, the largest year-over-year gain in six years. Taxes were a big part of the boost to the bottom line. Taxes paid by U.S. companies were down 33% from a year earlier, according to the new government data, or more than $100 billion at an annual rate.”
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