Newsweek Attempts to Paint Racist Picture - Fails Econ 101


PREMO Member

So much to untruck in a brief tweet about the firm called Cadre. First, “founded”, indicating past tense. Because, as Newsweek admits deeper in the article, “Kushner left any management position he had in Cadre upon entering the White House and does not have a decision-making role at the company“.

As for the “doesn’t want to invest“, the implication they are required to is rather sophomoric. The article references a Trump administration tax break for companies that invest in distressed areas, but that would only be available IF they were to invest in qualifying areas.

But the tone of disdain here for a company not investing, due to poor growth projections, can only be made by a news outlet that operated so poorly the entire company sold for 1/5 of the cover price of one issue of its magazine.

Newsweek gives an economics lesson, manages to fail at Econ-101 in the process