No TrumpsπŸ‘±‍♂️ Newsbites
MyPillow CEO Mike Lindell says Costco has pulled his products. It's the second-largest retailer to cut ties with him.
  • Costco has stopped stocking MyPillow's products, MyPillow CEO Mike Lindell told Insider.
  • Retailers have cut ties with the pillow brand after Lindell spread voter-fraud conspiracy theories.
  • Lindell blamed Costco's decision on "cancel culture."
The big-box store stopped stocking MyPillow's products without telling the pillow company about the decision, Lindell told Insider in a phone interview Monday.

Major retailers have been severing ties with MyPillow after Lindell, a staunch ally of former President Donald Trump, spread voter-fraud conspiracy theories. Some of the retailers have cited slow sales.

Costco is the second-largest retailer, behind Kroger, to stop selling MyPillow products. Costco sold out its MyPillow inventory and then stopped ordering new shipments, Lindell told Insider.
Read the full article: https://www.businessinsider.com/mike-lindell-mypillow-costco-stopped-selling-products-retailer-sales-2021-4

CEOs say the Trump tax cut created the best economy ever. The data disagrees.
  • Many CEOs are fighting President Joe Biden's planned corporate tax hike.
  • CEOs surveyed by Business Roundtable say reversing Trump's 2017 cuts boosted growth and employment.
  • Data disagrees, showing the Trump cuts did little to stimulate the US economy despite costing trillions.
The previous president's cuts padded balance sheets while doing little to solve tax avoidance, Nobel laureate Paul Krugman said in a New York Times blog post published Friday.

Strong demand, not lower tax rates, was the primary factor lifting business investment after 2017, economists at the International Monetary Fund said in a 2019 paper. The investment response to the 2017 cuts was also smaller than those seen after previous cuts, they added.

To be exact, Trump deemed his tax cuts "rocket fuel for our economy" that would kickstart a "rebirth of American industry." That rebirth did not arrive, as evidenced by various indicators of economic growth and labor-market health.

... Trump also claimed his tax policy would supercharge business investment, but data details an increase that paled in comparison to prior expansions. Domestic business investment climbed by roughly $251 billion from the first quarter of 2017 to its peak in the first quarter of 2019. Yet gains were just as large and more sustained during the dot-com boom of the 1990s and in the immediate wake of the financial crisis.
Read the full article: https://www.businessinsider.com/biden-infrastructure-corporate-tax-rate-trump-cuts-ceos-economic-growth-2021-4

Trumpism
or Trump-ism

Trumpism refers to the nontraditional political philosophy and approach espoused by Donald Trump and his supporters. The term Trumpism can also be used to directly refer to an outrageous or idiosyncratic statement made by Donald Trump.

Trump, whom many observers consider an anomaly, left the White House by saying, “We will be back in some form.” His legacy is “Trumpism” – a wave of white nationalism.


Trumpisms are Bushisms on steroids.