The Daily Bell says: Facts do not matter. Lies are O.K.

The Daily Bell is a right-wing / Libertarian website, in the business of selling gold to people who believe an essentially useless metal, which pays no interest or dividends, and costs money to ship, store, and insure, is a good investment or “real” money.

In short, they sell a pipe dream, so naturally, they are pro-Donald Trump.

Here are two descriptions of Trump’s latest speech, one from the Daily Bell and one from MSNBC.

First the Daily Bell description:

Trump Speech a Hit: Emotional Honesty May Be Pivotal to His Election Success
By Daily Bell Staff – June 23, 2016

Note that it’s not real honesty, but “emotional” honesty. What is “emotional” honesty? It’s when a person is a liar, but honestly feels emotional about his lies.

To the Daily Bell, this feeling of emotion about one’s dishonesty is admirable:

Donald Trump’s Latest Distortions on Hillary Clinton … A look at Trump’s assertions about Clinton on Wednesday and how they stack up with the facts … Donald Trump’s fierce denunciation of Hillary Clinton on Wednesday was rife with distortion. –AP/Fortune

Trump is not so concerned about statistical accuracy. He’s concerned about emotional honesty.

The other word for “statistical accuracy” is “facts.” What the Daily Bell seems to mean is: “Trump is not concerned about facts. He appeals to emotions. That’s the kind of man we want for the leader of the free world — an emotionally sincere liar.”

NPRs Mara Liasson called the speech one that “Republicans Have Been Waiting 20 Years To Hear.”

Donald Trump did what Republicans have begged their presidential candidate to do for months — lay out the case, from A to Z, against Hillary Clinton.

What they mean is “LIE out the case . . .” The Daily Bell apparently delights in lies.

Trump didn’t hold back in a blistering speech Wednesday. He went through chapter and verse of every criticism — based in fact or conspiracy theory — against the Clintons.

Except there were no facts and lots of conspiracy theories.

In sum, Trump said, Hillary Clinton may be “the most corrupt person ever to seek the presidency of the United States” and a “world-class liar.”

If the Daily Bell believes Trump’s followers have no interest in facts, wait until he doesn’t deliver on his promises to them. Then those lies won’t seem so benign.

As he would be with a good movie, Trump isn’t interested in the plot so much as the feeling.

This AP article wants to diminish the speech based on places where Trump may have exaggerated or misstated.

He accused Clinton of announcing a withdrawal from Iraq that wasn’t on her watch, pulled numbers out of nowhere on her plan for refugees and went beyond the established facts behind the killing of the U.S. ambassador to Libya in stating starkly that she “left him there to die.”

But Trump doesn’t care about rigorous factual accuracy. He wants to get across the point that Hillary is corrupt and lies habitually.

“Rigorous, factual accuracy” is known as “the truth” in the real world. Trump doesn’t care about the truth.

Trump also lambastes Hillary for corruption (accepting jewelry) and for wanting higher taxes and higher spending.

The AP article sets the record straight on these issues. Again, Trump exaggerates.

But it really doesn’t matter.

So Trump lies about his claims that Hillary is a liar, “but it really doesn’t matter”?

Is this the most ridiculous upside-down attempt to excuse the worst candidate in recent memory? The Daily Bell thinks lying is bad except when Trump does it, in which case it’s “emotional honesty.”

Remember Daily Bell’s views on honesty, the next time they try to sell you gold. If they lie to you, it doesn’t matter, so long as their emotions are “honest.”

Here is MSNBC’s take on the same speech:

Donald Trump gets lost beneath ‘an avalanche of falsehoods’

Most of the attacks were predictable and clumsily delivered, but the most striking thing about this morning’s scripted address was its breathtaking dishonesty.

In theory, if Clinton were as awful as Trump and Republicans claim, it should be fairly easy to deliver a speech condemning her using facts and real-world evidence.

Instead, as Slate’s Jamelle Bouie put it, Trump leaned on “an avalanche of falsehoods.”

It’s hard to even know where to start; the lie-to-sentence ratio approached one to one.

Trump said he opposed the war in Iraq before the 2003 invasion, which isn’t true. He said Clinton’s email server was hacked, which isn’t true.

Trump said Clinton wants “totally open borders” and an end to “virtually all immigration enforcement,” which isn’t even close to being true.

Trump lied about Syrian refugees. He lied about the loan he received to start his business.

He lied about U.S. tax rates. He lied about Benghazi (more than once). He lied about the Clinton Foundation. He lied about gifts Clinton received during her tenure as Secretary of State.

And really, this is just a sampling. If there had been a machine in the room that buzzed every time Trump said something untrue, the thing would have caught fire by the time the candidate wrapped up his remarks.

Remember, if Trump had been speaking off the cuff, it might be easier to defend some of these obvious and demonstrable falsehoods; he and his allies might be able to say he got confused or lost his train of thought.

But this was Trump reading on a teleprompter from a prepared text. In other words, Trump deliberately made a whole lot of claims that weren’t in any way true – all while accusing his rival of being a “liar.”

By some measures, this morning’s ridiculous tirade should have been a disqualifying moment for Trump: it served as powerful evidence that the candidate is so disconnected from reality, he hardly understands what the truth is.

Perhaps the Daily Bell’s gold hawkers don’t care about facts. And perhaps those hypnotized by the Trump circus act don’t care whether their hero is telling them the truth.

But somehow, I suspect the great majority of Americans are more interested in hearing the facts about situations and plans than experiencing a litany of sophomoric insults and lies.

The BS act gets a bit stale, and this is no time for circuses.

The futures of America and Americans and our children are at stake.

Dump the clown.

Rodger Malcolm Mitchell
Monetary Sovereignty


Ten Steps to Prosperity:
1. ELIMINATE FICA (Ten Reasons to Eliminate FICA )
Although the article lists 10 reasons to eliminate FICA, there are two fundamental reasons:
*FICA is the most regressive tax in American history, widening the Gap by punishing the low and middle-income groups, while leaving the rich untouched, and
*The federal government, being Monetarily Sovereign, neither needs nor uses FICA to support Social Security and Medicare.
This article addresses the questions:
*Does the economy benefit when the rich afford better health care than the rest of Americans?
*Aside from improved health care, what are the other economic effects of “Medicare for everyone?”
*How much would it cost taxpayers?
*Who opposes it?”
3. PROVIDE AN ECONOMIC BONUS TO EVERY MAN, WOMAN AND CHILD IN AMERICA, AND/OR EVERY STATE, A PER CAPITA ECONOMIC BONUS (The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB) Or institute a reverse income tax.
This article is the fifth in a series about direct financial assistance to Americans:

Why Modern Monetary Theory’s Employer of Last Resort is a bad idea. Sunday, Jan 1 2012
MMT’s Job Guarantee (JG) — “Another crazy, rightwing, Austrian nutjob?” Thursday, Jan 12 2012
Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem. Tuesday, May 29 2012
“You can’t fire me. I’m on JG” Saturday, Jun 2 2012

Economic growth should include the “bottom” 99.9%, not just the .1%, the only question being, how best to accomplish that. Modern Monetary Theory (MMT) favors giving everyone a job. Monetary Sovereignty (MS) favors giving everyone money. The five articles describe the pros and cons of each approach.
4. FREE EDUCATION (INCLUDING POST-GRAD) FOR EVERYONEFive reasons why we should eliminate school loans
Monetarily non-sovereign State and local governments, despite their limited finances, support grades K-12. That level of education may have been sufficient for a largely agrarian economy, but not for our currently more technical economy that demands greater numbers of highly educated workers.
Because state and local funding is so limited, grades K-12 receive short shrift, especially those schools whose populations come from the lowest economic groups. And college is too costly for most families.
An educated populace benefits a nation, and benefiting the nation is the purpose of the federal government, which has the unlimited ability to pay for K-16 and beyond.
Even were schooling to be completely free, many young people cannot attend, because they and their families cannot afford to support non-workers. In a foundering boat, everyone needs to bail, and no one can take time off for study.
If a young person’s “job” is to learn and be productive, he/she should be paid to do that job, especially since that job is one of America’s most important.
Corporations themselves exist only as legalities. They don’t pay taxes or pay for anything else. They are dollar-tranferring machines. They transfer dollars from customers to employees, suppliers, shareholders and the government (the later having no use for those dollars).
Any tax on corporations reduces the amount going to employees, suppliers and shareholders, which diminishes the economy. Ultimately, all corporate taxes come around and reappear as deductions from your personal income.
7. INCREASE THE STANDARD INCOME TAX DEDUCTION, ANNUALLY. (Refer to this.) Federal taxes punish taxpayers and harm the economy. The federal government has no need for those punishing and harmful tax dollars. There are several ways to reduce taxes, and we should evaluate and choose the most progressive approaches.
Cutting FICA and corporate taxes would be an good early step, as both dramatically affect the 99%. Annual increases in the standard income tax deduction, and a reverse income tax also would provide benefits from the bottom up. Both would narrow the Gap.
There was a time when I argued against increasing anyone’s federal taxes. After all, the federal government has no need for tax dollars, and all taxes reduce Gross Domestic Product, thereby negatively affecting the entire economy, including the 99.9%.
But I have come to realize that narrowing the Gap requires trimming the top. It simply would not be possible to provide the 99.9% with enough benefits to narrow the Gap in any meaningful way. Bill Gates reportedly owns $70 billion. To get to that level, he must have been earning $10 billion a year. Pick any acceptable Gap (1000 to 1?), and the lowest paid American would have to receive $10 million a year. Unreasonable.
9. FEDERAL OWNERSHIP OF ALL BANKS (Click The end of private banking and How should America decide “who-gets-money”?)
Banks have created all the dollars that exist. Even dollars created at the direction of the federal government, actually come into being when banks increase the numbers in checking accounts. This gives the banks enormous financial power, and as we all know, power corrupts — especially when multiplied by a profit motive.
Although the federal government also is powerful and corrupted, it does not suffer from a profit motive, the world’s most corrupting influence.
10. INCREASE FEDERAL SPENDING ON THE MYRIAD INITIATIVES THAT BENEFIT AMERICA’S 99.9% (Federal agencies)Browse the agencies. See how many agencies benefit the lower- and middle-income/wealth/ power groups, by adding dollars to the economy and/or by actions more beneficial to the 99.9% than to the .1%.
Save this reference as your primer to current economics. Sadly, much of the material is not being taught in American schools, which is all the more reason for you to use it.

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.


One thought on “The Daily Bell says: Facts do not matter. Lies are O.K.

  1. Donald J. Trump is leaving the campaign trail on Thursday to travel to Scotland to promote a golf course his company purchased on the country’s southwestern coast.

    If the Scottish golf course were a wildly successful venture, Trump could at least point to this as evidence of his prowess as an international businessman.

    The problem, as the Washington Post reported yesterday, is that the entire venture has been a bit of a disaster.

    [T]o many people in Scotland, his course here has been a failure. Over the past decade, Trump has battled with homeowners, elbowed his way through the planning process, shattered relationships with elected leaders and sued the Scottish government.

    On top of that, he has yet to fulfill the lofty promises he made.

    Trump has also reported to Scottish authorities that he lost millions of dollars on the project – even as he claims on U.S. presidential disclosure forms that the course has been highly profitable.

    In early May, Trump, in an entirely serious way, pointed to his role in the Miss Universe beauty pageant as evidence of his international experience.

    Attn: Trump backers. What promises has he made to you? Do you believe him?


    Just saw another Daily Bell nonsense article. Here is the title:

    ‘Wonks for Hillary’ – New Program Just Disguises her Lust for Power
    By Daily Bell Staff – June 27, 2016

    You might think this article is about a “new program” that disguises Hillary’s “lust for power” (as though any Presidential candidate doesn’t have such a”lust.”)

    But actually, there is no “new program” (unless you consider an Email to be a “program”) and the article spends nearly all its space telling you what a “wonk” is, and sort of, kind of, almost, explaining that Hillary is something of a wonk — or not.

    The article has nothing to do with any of Hillary’s lusts — for power or otherwise.

    And then toward the end of this tedious article, we arrive at the real excuse for writing and publishing the Daily Bell’s nonsense:

    As we have often pointed out, laws and regulations are price-fixes. Such price-fixing inevitably will create economic distortions and terrible results over time.

    You see, the Daily Bell doesn’t like laws and regulations. They prefer the absence of laws and regulations, aka “anarchy,” which they want you to believe has wonderful results over time.

    (Think carefully about this: What kind of people most dislike laws and regulations?)

    Conclusion: A competent government is surely worse than an incompetent one. But both will inevitably advantage the wealthy and further impoverish the poor. Government creates wars and destroys civilizations, often for no real reason.

    In the modern era it seeks to weaken culture in order to make a more centralized society and methodically debases currency as a way to achieve it. Enough wonkishness, please.

    The notion that competence is worse than incompetence is beyond stupid — way, way beyond.

    And then there is the usual Daily Bell anarchist theme: Eliminate government and all will be well. Why? Because government creates wars and debases currency.

    We agree that governments create wars and without governments there would be no debasing of currency (mainly because there would be no currency to debase and no ownership rights to war about.)

    No ownership and no currency: Sounds like Daily Bell heaven.

    But we have to shake our head at the Daily Bell’s latest use of the old “blame-your-enemy-for-your-own-faults” tactic, in claiming that government “advantages the wealthy and impoverishes the poor.”

    Isn’t that exactly what the absence of government does? (Perhaps the Daily Bell considers the absence of government in Libya and in ISIS-held territories to be models for aiding the poor).

    It reminds be of Trump, when recently speaking to an assemblage of the religious right, casting doubt on Clinton’s religious faith.

    Trump has religious faith?? The Daily Bell writes common sense??

    Hmmm . . .


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