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!
As I write this, there is a crowd outside the house of FCC commissioner Pai. His crime? He is returning control of the internet to internet service providers (ISPs). The Obama administration enacted "Net Neutrality" in defiance of a Supreme Court decision. In essence, Barack Obama seized ISP property because the ISPs weren´t serving the public interest. This was exactly how socialist revolutionary Benito Mussolini defined Fascism: a system where citizens own private property so long as they serve the public interest. Churchill said Fascism would take root in the West under the guise of anti-Fascism, but I digress.
With the usual gross exaggeration, the media has been reporting that President Trump told European Commission President Jean-Claude Juncker and EU Council President Donald Tusk that "the Germans are bad, very bad" for making and selling lots of cars, contributing to their trade surplus, due to all their exports. Juncker said it never happened and the conversation was about Germany´s trade surplus and it was quite civilized. When you´ve got an arrogant, supercilious, disdainful European Union official such as him defending Trump, you know he must be telling the truth. Via Google Translate, the quote disavowing the media claims is here
Elections: The recent spate of news stories predicting that Democrats will reclaim the House majority in the 2018 midterm elections could be brushed off as little more than wishful thinking on the part of liberal journalists. But the GOP would be wise to get as much done as they can, before it´s too late. There is no doubt that the Democratic base is highly energized at the moment as President Trump struggles with various controversies. Whether that will continue, or will translate into a takeover of the House, isn´t at all certain. In Georgia, neophyte Democratic candidate Jon Ossoff is 7
Growth: One of the elements of President Trump´s first budget that raises the hackles on economists and financial pundits is the projection that the economy can grow at a rate north of 3% a year. Not possible, they say. Sorry, but we´ve heard this before. "If Trump thinks he can get more than 3% economic growth, he´s dreaming," a Los Angeles Times headline guffawed. "3% Growth? Really?!" sputtered FX Street. Even the august Wall Street Journal got into the act: "Trump´s 3% Growth Target Looks Out of Reach." Do a Google search. Many others have said pretty much the same thing.
Health Reform: This week ObamaCare suffered two more blows, making a replacement plan all the more urgent. Not that you´d know it, since all anyone wants to talk about is how horrible the Republican replacement plan supposedly would be. Why aren´t Democrats being pressured to produce their own fix? The big news this week is supposed to be the Congressional Budget Office´s decree that the Republicans´ ObamaCare replacement plan would cost 23 million their insurance coverage. This number should be taken with a huge grain of salt, given the fact that the CBO predicted twice as many would sign up for
For eight years, President Obama endlessly talked about "middle class" economics. All the while, middle-class family incomes were stagnant. Now they are on the rise. Could Trumponomics be the reason? In April, real median household income reached $59,361, according to the latest report from Sentier Research. That´s up 2% since January, and is as high as it´s been since February 2002. Expressed as an index, median household income was 100.9 in April, which is the first time this index has topped 100 since December 2008. By comparison, this index was also lower when Obama left office than when he came in —
CaliCare: California´s so-called progressive Democrats, fresh off their classy "flipping off" of Donald Trump at their state convention, now want to flip off the entire state by imposing a reckless, economy-destroying single-payer health care system on the state´s citizens. If voters don´t stop this madness they´ll get what they deserve. A study by the Senate Appropriations Committee of the state legislature found that a proposed single-payer system would cost $400 billion a year — more than twice the state´s current bloated budget of $182 billion. To say that it would be the fiscal and economic ruin of California is an understatement. As
Big Government: President Trump´s budget is taking its share of hits for supposedly indulging in fanciful accounting, unrealistic assumptions and proposing massive cuts to vital safety-net programs. How much of that is true? You decide. Trump´s budget plan proposes to balance the federal budget in 10 years and do so entirely through spending restraint. That alone is enough to raise the hackles of the Washington, D.C., swamp creatures. But critics have other complaints. The main ones: It relies on unrealistic economic projections. Critics say Trump´s budget numbers rest on a rosy scenario of future economic growth. The New York Times describes the
Two men caught having sex in March were subjected to a public caning in the Indonesian province of Aceh on Tuesday. A crowd of about 1,000 people watched the punishment, many cheering and filming the event. The public caning took place in a square in front of a mosque in the provincial capital, Banda Aceh. The pair, aged 20 and 23, each received over 82 strikes with thin rattan canes. Their original sentence of 85 lashes was reduced due to time spent in detention. At least eight other men and women were caned along with the gay pair for offenses such as
After most terrorist attacks, presidents and world leaders have attempted to use majestic and restrained language, perhaps to seem presidential, to come off as leader-like, to be as unlike the terrorists as possible. A favorite term they all like to use is ´cowardly´ - which doesn´t seem to deter any of these mass-death attacks. They also like ´callous,´ ´absurd´ and ´tragic,´ passively addressing the attacks themselves. We can already hear the terrorists´ gigglings. President Trump isn´t like that. In the wake of the terror attack in Manchester, England, he set the tone from another direction, hurling the personal insult. He called
Gee, reading the media, I was under the impression that Democrats are fired-up, energized by the sheer awfulness of Donald Trump. All those women marching in funny hats, all the anger, all that negative media coverage must assuredly mean that the Democratic Party is prospering, buoyed by anger-fueled donations. Actually, not so much. WeaselZippers highlights the dismal fundraising
Mideast: President Trump´s Mideast trip was derided by the media and opposition Democrats as simply a chance for him to skip town to avoid the ongoing "scandals" of his administration. As usual, they grossly underestimate this president, and completely misunderstand the importance of his historic trip. Trump´s trip to Saudi Arabia and Israel has put the region on notice: The U.S. intends once again to pursue its interests and those of its allies in the region. The U.S. is ready to reward friends and punish enemies, and we will name names. This is a radical reversal of President Obama´s policy of "leading
At least two separate news organizations are reporting that three distinct leakers have been identified at the White House and that President Donald Trump is expected to fire them when he returns from his first overseas trip. “CBS News has confirmed from two sources that three leakers of classified information at the White House have been identified and are expected to be fired,” CBS News reported this week, adding, “Officials within the Trump White House believe leaks of Mr. Trump’s conversation with Russian Foreign Minister Sergey Lavrov are a ‘deliberate attempt’ by officials who are holdovers from President Obama’s administration
A free-thinking group of eighth grades refused to pose with House Speaker Paul Ryan during a field trip to Washington DC on Thursday. Half of the students from South Orange Middle School in New Jersey stood on the other side of the street as their classmates had their photo taken with Ryan outside the United States Capitol. When he uploaded the image to Instagram, the ones who had refused to be in it flooded the comments section with insults and complaints. ´Half of us stood across the street including me because we hate you,´ said one. Another spoke to DailyMail.com
After entering the White House in 2009, President Barack Obama went on his famous “apology” tour. Now, Hillary Clinton, having failed to win the White House in 2016, is currently on an “I’m owed an apology” tour. In an interview for an article by New York Magazine published Friday, Clinton has apparently moved past “gracious Hillary” and “relaxed in the woods Hillary” and has now moved into “angry Hillary” mode. (Snip) In the New York Magazine article, called “Hillary Clinton Is Furious. And Resigned. And Funny. And Worried,” the predominant mood is the fury — not the resignation, worry, or her
Angela Merkel has stunningly claimed Europe can no longer rely on the US, just one day Donald Trump frustrated world leaders at the G7 meeting in Italy. The German Chancellor urged the European Union to stick together in the face of new uncertainty stemming from the US and other challenges. Merkel said Sunday at a campaign event in Bavaria: ´The times in which we can fully count on others are somewhat over, as I have experienced in the past few days.´ The comments came after the G7 countries were unable to agree to a deal that would see the 2015
(Video) Sunday on MSNBC’s “AM Joy,” Rep. Maxine Waters (D-CA) said the public was “getting weary” that Democrats have not done enough to begin the process of impeaching President Donald Trump. Partial transcript as follows: REID: Congresswoman, on the subject of being more aggressive, you have openly talked about the fact that this president has put himself in a position where impeachment is on the table but your party, the Democratic party is very reluctant, The New York Times has an article out last week about how hesitant Democratic leadership, in particular, are to call for Donald Trump’s impeachment. In
Earth is likely to reach more dangerous levels of warming even sooner if the U.S. retreats from its pledge to cut carbon dioxide pollution, scientists said. That’s because America contributes so much to rising temperatures. President Donald Trump, who once proclaimed global warming a Chinese hoax, said in a tweet Saturday that he would make his “final decision” this coming week on whether the United States stays in or leaves the 2015 Paris climate change accord in which nearly every nation agreed to curb its greenhouse gas emissions. Leaders of seven wealthy democracies, at a summit in Sicily, urged Trump
Hillary Clinton’s inner circle is concerned that the “resistance” that cropped up in the wake of President Donald Trump’s electoral win isn’t embracing the failed Democratic Presidential candidate as their de facto leader. As of late, Hillary has taken to marketing herself as the leader of the anti-Trump resistance, Tweeting about her defeat, haranguing Trump in public appearances and “persisting” despite her loss. It’s clear from Clinton’s Twitter feed, paid speeches, and comments that she wants to lead the mostly female opposition to Trump’s policy agenda. But according to sources close to Clinton’s inner circle, she’s yet again failing in
It’s pile-on time for America’s commercial airlines. The contempt people hold for them has long been severe, but following a raft of highly publicized incidents, resentment has hit a fever pitch. It started about a month ago, with the forced removal of a passenger onboard a United Express flight. This was followed by several more airlines-behaving-badly controversies, up to and including the death of Simon, a giant rabbit who perished after a London-to-Chicago United flight. Over and over we are reminded about the hellishness that is commercial flying. Enabled by cellphone cameras and the catalyst of social media, even the most
The sun has set on students’ request to change the date of their prom. Students at an elite New York City high school petitioned to change the date of their senior prom – scheduled for June 3 – because it conflicts with the Muslim observance of Ramadan, but the school has denied the request, the New York Post reported. (Snip) Still, Muslim students said eating after sundown is not the only issue; they say there are other religious rules that come into play. “You’re not supposed to listen to music during Ramadan, so it’s not really allowed,” Shabbir said. More
French President Emmanuel Macron acknowledged to a French newspaper that his intense handshake with President Trump ahead of the NATO summit in Brussels "wasn´t innocent," but instead was meant as a show of resolve, The Associated Press reported Sunday. "One must show that you won´t make small concessions, even symbolic ones, but also not over-publicize things, either," he told Le Journal du Dimanche, according to the AP. The handshake between Macron and Trump on Thursday drew attention for its visible intensity, with both pairs of knuckles turning white from pressure. [snip] While Macron reportedly sought to convey strength with the
The White House is said to have gone into crisis mode amid reports Jared Kushner is the focus of the FBI´s Russia investigation, while a former CIA boss accusing the president´s son-in-law of perhaps having committed ´espionage´. Donald Trump will meet with his private legal team - led by New York lawyer Marc Kasowitz - after it was reported on Friday that Kushner had contact with Russia´s US ambassador Sergei Kislyak about creating a secret back-channel in order to avoid having their communications detected by US authorities. The New York Times reported Saturday Trump´s aides have: ´recru
U.S. President Donald Trump has informed multiple individuals, including EPA Administrator Scott Pruitt, that he intends to remove the United States from the Paris Climate Agreement, according several sources. On Saturday night, Axios reported the news based on “three sources with direct knowledge.” Breitbart News has independently confirmed this reporting and that Trump has told others the same thing: that he plans to withdraw the U.S. from the agreement. Earlier on Saturday, the President tweeted from Italy that he would make his final decision next week as to whether the U.S. will remain in the Paris Accord. He was in