Trump 2.0: Project 2025 Could Impact the Economy and Your Finances

Cass is wrong. See related below.*

The Trump team lied. Project 2025 is influential with his transition team and his second cabinet.

Project 2025 Could Impact the Economy and Your Finances

What economic proposals are in Project 2025?

Most of Project 2025 would have economic implications if implemented and many proposals would affect Americans on a personal finance level. While this is not an exhaustive list, here are some key proposals:

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The fight continues: U.S. states loosen child labor laws as violations keep soaring

Recent analysis shows that over the past 10 years child labor violations across the U.S. have tripled, reports the Washington Post. Investigators have uncovered an uptick in labor violations in standard work for teens, like fast food-restaurants and other service industries. Multiple instances of minors working in dangerous jobs that federal law prohibits, like meatpacking, manufacturing, and construction, have also been uncovered at increasing rates. Despite that, at least 16 states have one or more bills to weaken their child labor laws. What’s going on?

While most states have tougher laws than the federal rules, some Republican lawmakers seek to undo those restrictions in their state. These lawmakers are backed in their efforts by restaurant, liquor, and home builders’ associations, who stand to benefit from an expanded low-wage worker pool if the changes pass. Protection stripping legislation for six states was drafted or lobbied for by Florida-based lobbying group, the Foundation for Government Accountability, which fights to promote conservative interests like restricting access to anti-poverty programs. There are some states, like Colorado and Virginia, fighting the trend and enacting legislation to dial up penalties for violations. Rep. Sheila Lieder (D) introduced a bill in Colorado to raise the fines for violators saying that at $20 per offense, the current penalties were not high enough to effectively dissuade employers from violating child labor laws.

The fight continues: U.S. states loosen child labor laws as violations keep soaring

I thought that it was “woke” Democrats trying to destroy the family? /s

Related:

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What Mobile Clinics in Dollar General Parking Lots Say About Health Care in Rural America

Yves here. Having lowest of low end retailers take a flier with mobile clinics is yet another proof of the poor state of health care in the US. I would be curious to learn how countries in Europe encourage/incentivize doctors to practice out in the boonies. One can envision remedies, like scholarships for doctors who agree to practice in designated areas for at least five years, but dreaming up solutions and getting them implemented are in two different universes.

Needless to say, giving the poverty of local alternatives, some of the users of this service are fans. But your humble blogger is not comfortable with a purely profit-motivated party so remote from the health care industry providing treatments.

What Mobile Clinics in Dollar General Parking Lots Say About Health Care in Rural America

TSMC Arizona chip plant will be a paperweight, says analyst

The TSMC Arizona chip plant is behind schedule, over budget, and the subject of contention in online forums – and now an analyst says that it will be little more than a useless paperweight, even when it does finally begin production.

Not only will it only make chips for older Apple devices, but it can’t even complete the process of making those without sending them back to Taiwan for final assembly …

TSMC Arizona chip plant will be a paperweight, says analyst

The “Mock Revolution” at Mosinee: On The Racism of Anti-Communism in the US

British Pathé

For most of the last one hundred and fifty years, anti-communism has been a defining aspect of American political culture, both domestic and foreign. As historian Nick Fischer has argued, after the Civil War, anti-communism was deployed to suppress an unruly underclass of people, including the working poor, women, and Black Americans, and prevent any real attention on their working and living conditions. This anti-communism was deployed by an “elitist” class who sought to divide working people among themselves, and prescribe acceptable behaviors, including patriarchal heteronormative familial relationships. When those same people made demands for equal treatment, or even just decent treatment, the epithet “communist” or “socialist” has been deployed to delegitimize their claims to rights.

The “Mock Revolution” at Mosinee: On The Racism of Anti-Communism in the US