US election: Clinton and Trump trade barbs at Al Smith dinner

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US election Clinton and Trump trade barbs at Al Smith dinner
US election Clinton and Trump trade barbs at Al Smith dinner

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Caligula's personal background promised great things. His father was a much-loved Roman general who had subdued the Germanic tribes to the north, adding much territory to the Empire. Caligula had spent many years campaigning with his armies.

Romans adored Caligula at first. He decreed many populist reforms. The historian Suetonius recorded that 160,000 animals were sacrificed during public rejoicing over his accession to the principate.

In other words, there's little point in getting excited about every little twist and turn in an election saga based on make-believe. On that score, the dominant trope of 2016 in some circles is that Hillary Clinton is a dangerous leftist, and Donald Trump plans to tax the heck out of the wealthy and pursue policies favoring American workers.

Neither is true.

Let's start with Trump. Regardless of what he - and lazy journalists - might say, his official proposals would cut income taxes for the wealthiest Americans by almost 20%, resulting in additional budget deficits of $34.1 trillion over the next 20 years. Middle-income households would get a 5% cut, and lower-income folks would get 1%.

How this would restore lost U.S. prosperity is, shall we say, unclear.

How about Hillary? To anyone paying attention, the notion that she is a Marxist - I've heard people say that - is absurd. Nothing she has ever done or proposed suggests that she is anything other than a dedicated servant of the economic and political status quo, albeit with some social-liberal tweaks around the edges.

Paradoxically, the constant attacks on her from right-wing media allow her true track record to go unexamined, and exempt her actual policy proposals from serious scrutiny.

Clinton: Wall Street Wolf in Liberal Clothing

Her campaign says: "Hillary Clinton has the toughest plan to reform Wall Street."



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