Trade: Ford´s decision to build a factory in the U.S. instead of Mexico, saving 700 jobs, is a good thing. But is it because Ford fears what Donald Trump might do to it, or because it thinks the corporate environment will be so much better under Trump than under Obama? And, yes, the answer really matters. Ford´s move to invest $700 million in Michigan, creating about 700 new jobs here has created quite a political stir. The new plant, slated for Flat Rock, Mich., will make cutting-edge electric and self-driving cars, which Ford has said will likely outsell traditional cars
IBD made the point that automation is the big driver of job loss. They did not spend any time explaining what drive automation. That would be regulations. Regulations are increasing at an exponential rate and will eventually destroy the economy. Note the recent increase in the minimum wage in many states. In some cases union wages are tied to the minimum wage. So when the minimum wage goes up other wages go up also.
$4, the bailout accepted by GM and Chrysler was more a union bailout. I´m troubled by the use of ´protectionism´ as defined as keeping jobs here instead of shipping them overseas. Protectionism, in a clkassic sense, was creating tariff barriers to keep foreign goods out. (Steel is the best example.) President Trump, convincing American compannies to keep their production facilities in the U.S., is common sense. Negotiating trade agreements, NAFTA for example, is insanity, since it creates incentives to move production facilities out of the U.S.
For an Investor´s journal, this is a pretty stupid question. Anything that impacts the business is important. Therefore the answer is: ALL of the above, and more.
Trump is going to shine a spotlight on companies shipping jobs out of the Country. That´s bad PR for the company. Keeping jobs will be good PR. With optimism and business already picking up in anticipation of Trump making the business climate better, companies need to SERIOUSLY reevaluate their business plans to take these changes into account. When Trump calls out a company, it forces that reevaluation to happen in real time.
Ford made an easy choice to do something that looks good, makes nice with the new administration, and will probably be a good business decision. Now they can get to making product with their path clear and heads held high.
These decisions to go over seas are based on low production costs and no tariffs or duty on products. Add to that new taxes for foreign incomes. The playing field looks better and better.
Trump has always hated being unable to purchase domestic products for his projects. (I know, I know, he just didn´t want to pay the price.)
Nope! Try buying domestic steel in quantities sufficient to build a skyscraper. Try buying 20,000 toilets, sinks and water heaters, etc. There are those who might produce them, but the lag time to get them too often puts them into the unrealistic.
Try buying a pair of wire cutters in Lowes, Home Depot, Grainger, etc that is made in the USA. Hmmmmm!
Polls: There several conflicting polls out about President Trump´s approval rating. But one thing is clear in all of them: The only reason his numbers are low is because Democrats despise him. The latest approval numbers come from the Pew Research Center, which found that Trump´s overall approval rating in his first month in office is just 39%. That´s far below every other president since Reagan. His approval rating was 55% at this point. Obama´s was 64%, Clinton´s 56%, Bush I´s 63% and Bush II´s 53%. Pew´s number is lower than the IBD/TIPP poll, which has Trump´s approval rating at
A new report from the Centers for Disease Control shows that the uninsured rate has hit a historic low, or at least it´s the lowest it´s been in the 20 years the CDC has been tracking it. This is being treated as trouble for Republicans who want to repeal ObamaCare, since it seems to indicate that the law is working as promised. But does it? According to the report, the overall uninsured rate was 8.8% in the first nine months of 2016. That´s down from 9.1% the year before, and 16% in 2010, the year President Obama signed ObamaCare —
Swampgate: President Trump may have come to Washington to "drain the swamp," but now he´s finding out that it´s full of nasty swamp creatures. And, as he´s also discovered, they bite. The debacle over national security advisor Michael Flynn´s sudden departure over his ill-advised contacts with Russian government officials shows that the Democrats in Congress and the bureaucrats that work with them mean to take as many scalps and do as much damage possible to Trump´s barely 3-weeks-old presidency. If they can fatally damage him early in his first term, all the better. And they have help. The media have been slobbering at
Twitter was ablaze this morning with screechings from Venezuela´s Chavista regime, infuriated at the powerful show of force against their brutal, discredited regime coming from President Trump. Taking an in-your-face approach just three weeks into his presidency, President Trump met with Liliana Tintori, the wife of imprisoned dissident leader Leopoldo Lopez, who was thrown into a dank Chavista dungeon without trial on absolutely phony charges of starting a riot a few years ago. What a hell of a change from the mealy-mouthed, don´t-upset-them approach seen from the Obama and, to some extent, even George Bush White Houses. Trump not only
Economy: The U.S. currently ranks a dispiriting 17th on the Heritage Foundation´s Index of Economic Freedom. That´s down from 6th when Obama took office in 2009. The question isn´t whether President Trump can turn this dismal trend around, it´s whether Democrats will let him. The Heritage Foundation has been publishing this index since 1995. It measures things like property rights, fiscal health, business freedom, tax burden, government spending, rule of law and other indicators of economic freedom in 186 countries. Based on these, each country gets an overall freedom index score, which then can be ranked against other countries. As Heritage points
Corruption: Is it a coincidence that the two Trump Cabinet picks Democrats mounted their fiercest campaigns against happen to be the two that labor unions most wanted to go down in flames? Hardly. Senate Democrats were so determined to do the bidding of the teachers unions and block Betsy DeVos as Education secretary that they held an all-night session in which they railed against her, in the hopes that this would convince one more Republican to oppose her nomination. Having failed to achieve that goal, Democrats immediately turned their ire to the other Big Union target, President Trump´s pick to head the
Besides the Department of Justice, the Central Intelligence Agency, and perhaps former National Security Advisor Michael Flynn himself, the latest name to emerge in the spreading swamp of connivers who did Flynn in this week is none other than the Obama administration´s former National Security Council Deputy Advisor for Strategic Communications, Ben Rhodes. According to a report in the Washington Free Beacon, Flynn´s resignation: ..."is the culmination of a secret, months-long campaign by former Obama administration confidantes to handicap President Donald Trump´s national security apparatus and preserve the nuclear deal with Iran, according to multiple sources in and out of
Monetary Policy: We applaud Fed Chair Janet Yellen, who on Tuesday hinted that two to three interest rate hikes were on the way this year and warned that "waiting too long (to hike rates) ... is unwise." We agree. But the same thing could have been said five years ago. Yellen fretted that by waiting too long the Fed might get behind the curve and have to jack up rates quickly, forcing the U.S. into a recession or creating a financial panic. "At our upcoming meetings, the committee will evaluate whether employment and inflation are continuing to evolve in line
Immigration: What a difference an election makes. When President Obama was in the White House, Democrats were crowing about the historic number of illegal immigrants he was deporting each year. Now, every arrest of an illegal immigrant is a cause for protests. When President Trump´s Homeland Security Secretary John Kelly announced on Monday that Immigration and Customs Enforcement had arrested 680 illegals — 75% of whom are convicted criminals — the left had another emotional breakdown. The enforcement actions were called "sweeping" and part of an "immigration crackdown" under Trump. Pro-immigration groups said the "level of intimidation seems new." Senate Minority Leader
The political backbiting behind the sudden ouster of retired General Michael T. Flynn from the National Security Council is worth watching. But so is the reaction from Russia. Kicking Flynn out as a security risk -- complete with unsubstantiated claims of his supposed vulnerability to Russian blackmail -- seems to be a calculated move to trash President Trump´s effort to improve relations with Russia to fight terrorists. It has a look of the Cold War status quo reasserting itself. For Russia, which is tired of constant conflict with the West, it´s a huge disappointment. The initial response has been to lash out.
Ideology: A whimsical definition of a gaffe is "when a politician accidentally speaks the truth." By that measure, former Virginia Senator Jim Webb committed a gaffe of huge proportions over the weekend. On "Meet the Press", Webb admitted that the Democratic Party has no ideas to offer, that it´s determined to destroy the Trump administration and — here´s the gaffe — that "the Democratic Party over the past five or six years has moved very far to the left." To which we say, welcome to the party, pal. For many years now, while the pundit class has been busy painting Republicans as radical,
Politics: Leaders in the Democratic Party probably should have thought twice before deciding to mount a scorched-earth campaign against President Trump. So far, they´ve failed to stop any of Trump´s picks, or gain public support for their cause. They have, however, succeeded in making themselves look unhinged. As we write this, not a single Trump Cabinet pick has withdrawn or failed to secure confirmation, which puts him well ahead of President Obama, who was forced to withdraw several of his initial appointments due to scandals. That included Tom Daschle, Obama´s pick for Health and Human Services, who´d failed to pay taxes,
John McCain is increasingly mad as hell about President Trump. And on Friday, he went after Trump — hard. During a speech at the Munich Security Conference in Germany, the Republican senator from Arizona delivered a pointed and striking point-by-point takedown of Trump´s worldview and brand of nationalism. McCain didn´t mention Trump´s name once, but he didn´t have to. And even considering the two men´s up-and-down history and the terrible things Trump has said about McCain, it was a striking display from a senior leader of a party when it comes to a president of the same party. In his speech, McCain suggested
MUNICH, GERMANY Republican Senator John McCain broke with the reassuring message that U.S. officials visiting Germany have sought to convey on their debut trip to Europe, saying on Friday that the administration of President Donald Trump was in "disarray". McCain, a known Trump critic, told the Munich Security Conference that the resignation of the new president´s security adviser Michael Flynn over his contacts with Russia reflected deep problems in Washington. "I think that the Flynn issue obviously is something that shows that in many respects this administration is in disarray and they´ve got a lot of work to do," said McCain. "The president, I
The scandal involving former national security adviser Michael Flynn and Russia could become a new Watergate. That’s what veteran newsman Dan Rather wrote in a viral Facebook post Tuesday. “On a 10 scale of armageddon for our form of government, I would put Watergate at a 9. This Russia scandal is currently somewhere around a 5 or 6, in my opinion, but it is cascading in intensity seemingly by the hour,” Rather writes. “When we look back at Watergate, we remember the end of the Nixon Presidency. It came with an avalanche, but for most of the time my fellow reporters
In a tweet sent during President Donald Trump‘s Thursday press conference, MSNBC host Chuck Todd indicated he didn’t find the bizarre hour-long back-and-forth with reporters all that humorous. The Meet the Press host live tweeted the spectacle, at times sending tweets that indicated he didn’t believe the president was telling the truth, and that the rambling press conference would damage his relationship with Congress.
House Minority Leader Nancy Pelosi tore into President Trump Friday by arguing that his nascent administration has no accomplishments compared to his predecessor. Pelosi noted Friday on the same day in 2009, former President Barack Obama had already signed into law his $800 billion economic stimulus bill. "A jobs bill in the first four weeks passed and signed by the president today eight years ago," she said during the Families USA Health Action Conference in Washington. "Imagine in four weeks what this president has done and here we are. There´s no jobs bill, there´s no infrastructure bill." Pelosi´s comments comes a
Immigrants across the country are staying home from school, skipping work and putting off shopping trips today to show how vital they are to the US economy and way of life. ´A Day Without Immigrants´ protests are planned in major cities including Philadelphia, Washington, Boston, Houston, Chicago and New York. The movement gained momentum on social media and by word of mouth. It comes in response to President Donald Trump, whose administration has pledged to increase the deportation of immigrants living in the country illegally. Trump campaigned on building a wall along the US-Mexico border, and blamed high unemployment on
Six White House staffers were marched out of the building on Thursday after they failed national security background checks. Politico reported that the unlucky half-dozen included one who was the president´s director of scheduling. Caroline Wiles is also the daughter of Susan Wiles, a former chief of staff to Florida Gov. Rick Scott and the Trump campaign´s director in Florida. Politico reported that Wiles has told friends she will be reassigned to a job in the Treasury Department. It´s unknown who the other five dismissed aides are. One White House source told DailyMail.com it´s common knowledge that two of them
The editor of the Washington Post, which staffed up its White House team to cover the new administration, said the paper would have covered a Hillary Rodham Clinton presidency with the same intensity as it has President Trump. Cheered by journalists at a media roundtable in California late Tuesday, Marty Baron also said that despite some criticism, the Post is doing its job, not acting as the opposition. (Video) "I just look at it as a new administration that we should be covering as aggressively, as energetically as possible. If Hillary Clinton were in the White House, we would be
Fox News anchor Shepard Smith on Thursday criticized President Trump for bashing reporters gathered at a lengthy Thursday press conference, calling on him to answer legitimate questions from news outlets. "(Trump) keeps repeating ridiculous throwaway lines that are not true at all and sort of avoiding this issue of Russia as if we´re some kind of fools for asking the question. Really?" Smith said. "Your opposition was hacked and the Russians were responsible for it and your people were on the phone with Russia on the same day it was happening and we´re fools for asking the questions?" Trump was repeatedly asked
Some Democrats prepare to withhold paying federal taxes in potentially the biggest tax boycott since the Vietnam War, according to a report from The Guardian. The National War Tax Resistance Coordinating Committee (NWTRCC), which campaigns for federal tax boycotts, says there has “renewed interest in war tax resistance following Trump’s inauguration,” with the website’s traffic doubling in the past month. “Something has clicked in the minds of thousands of people across the country… we don’t want to pay for Trump’s agenda! While many of the reasons people are fed up—extreme militarism, mass incarceration, police brutality, and mass deportations—are part of the
A solemn President Trump turned his Thursday afternoon announcement of a new labor secretary nominee into a screed against the media and large-scale defense of his first four weeks as president. It was remarkable. Trump hit all the usual points: The polls, the electoral college, the media, etc. He even said that he inherited a "mess" four separate times. There were grievances galore. Below is the transcript, which we´ll update as it comes in, along with our analysis and annotations. TRUMP: Thank you very much. I just wanted to begin by mentioning that the nominee for secretary of the Department of Labor will be
The left and its echo chamber are convinced they are taking out Trump. It´s their "narrative" and they actually believe their own PR. They don’t see how they have driven themselves over the edge of reason and can no longer convince others. The only people they have convinced are themselves -- of their own righteousness. And they actually believe they have succeeded. Again. This echo chamber once held great power. They used to be able to form "narratives," ( activist storylines to decide and interpret news), persuade the powerful, and terrorize the right. They could make most Republicans quake just