German political philosopher Karl Marx. Photo: Getty Images

A pre-election report from the White House Council of Economic Advisers asserts that socialism "is making a comeback in American political discourse."

The report — "Opportunity Costs of Socialism," which echoes an Oct. 12 op-ed by President Trump in USA Today that was strafed by fact checkers — is aimed at denigrating Democrats and bolstering Republicans ahead of the midterms.

From the executive summary, provided to Axios ahead of the report's release:

  • "Coincident with the 200th anniversary of Karl Marx’s birth [May, 1818], socialism is making a comeback in American political discourse. Detailed policy proposals ... are gaining support in Congress and among much of the electorate."
  • "The proposed solutions include single-payer systems, high tax rates ('from each according to his ability'), and public policies that hand out much of the Nation’s goods and services 'free' of charge ('to each according to his needs')."
  • If Medicare for All "were financed through higher taxes, GDP would fall by 9 percent, or about $7,000 per person in 2022."

Be smart: The report, which includes a passage about "Maoist China, Cuba, and the Union of Soviet Socialist Republics (USSR)," should be read as political talking points rather than rigorous economic analysis.

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Bob Woodward's new book details letters between Trump and Kim Jong-un

Bob Woodward during a 2019 event in Los Angele. Photo: Michael Kovac/Getty Images

Journalist Bob Woodward has obtained "25 personal letters exchanged" between President Trump and North Korean leader Kim Jong-un for his new book, "Rage," publisher Simon & Schuster revealed on Wednesday.

Details: In the letters, "Kim describes the bond between the two leaders as out of a 'fantasy film,' as the two leaders engage in an extraordinary diplomatic minuet," according to a description of the book posted on Amazon.