How does a 100% tariff only increase the real price of a pair of prescription $600 eyeglass by only $15?
What does President Donald Trump’s tariffs on $50 billion worth of imports from China actually mean, and how will this affect you?
The ministers of mainstream media have received their talking points from the same lobbyists who control Congress, and they are using scare tactics on the public.
“A 25% tariff on a product will raise the cost of needed goods by a third, hurting the American consumer,” one son of a billionairess announced.
“We will have shortages of needed goods,” a genius two years out of college lamented.
“There will be a trade war, like the one that caused the Great Depression,’ a fellow with a bad wig grumbled.
The last point first. The Great Depression and crash of the stock market was in 1929. The Hawley–Smoot Tariff act was passed in 1930. The Depression was the result of the greatest economic inequality in our history – until today. The Crash was not caused by tariffs enacted after the fact by the unfettered administration of GOP president (Herbert Hoover). Continue reading →
President Donald Trump must have been distracted, while rubbing his gold-plated putter, when the Cabinet and the West Wing top birds were being anointed, because only golf daydreaming easily explains:
- H. R. McMaster, James Mattis, Rick Perry and Wilbur Ross – Bilderberg Group participants.
- Gary Cohn, Dina Habib Powell and Steven Mnuchin – Goldman Sachs
- Rex Tillerson – Exxon-Mobil
- Kenneth I. Juster – Trilateral Commission
These officials are all establishment globalists, and Trump campaigned as a populist nationalist. Each appointee should be considered a slippery swamper, and because of that, some are now out of office or headed that way. Continue reading →
Trickle, trickle, fools we are, to trust the rich, now flush with cash, will share with us their bounty
The inlaid walnut table in the corporate boardroom held 12 on either side and two or three at each end, and the execs were all perched, prepped to pounce, when I dragged in my 2001 budget – 1015 pages of spreadsheet and other sheet.
As division CEO of a NYSE-listed publishing company with nearly a billion dollars sales, my pitch was explain how I would increase sales, restrain costs and improve the value of the newspapers I published.
What could go wrong? In the past year sales were up, but more important, the bottom line jumped from about a $200,000 loss to an $860,000 profit before taxes.
Since most of my employees were salaried – meaning they worked long hours without overtime compensation – my proposed budget included a four percent average pay increase. That four percent, I was told, was a big mistake. Continue reading →
Lies about “repatriation” from the media and elites. Most of the targeted cash is already in U.S. banks.
Stagnant wages. Windfalls for the politically connected. A new tax plan primarily for the rich.
Just 13 years have passed since the 2004 tax repatriation holiday, which created nearly no new jobs for American workers, but was instead used almost entirely by multinationals for stock dividends and buybacks. Many corporate execs and shareholders became instantly rich from this tax holiday, while workers’ wages were stagnant.
The GOP’s new plan is more of the same for one simple reason:
That $2.6 trillion, which every politician and media pundit loves to cite as a boon to America, cannot come back to the United states, because the vast majority of the money is already here.
This cash is invested in U.S. Treasury notes, U.S. agency securities, U.S. mortgage backed securities, or U.S. dollar-denominated corporate notes and bonds. And no corporate income tax has been levied on these trillions of dollars. Continue reading →
President Donald Trump in February 2016:
“I know the guys at Goldman Sachs. They have total, total control over him (Ted Cruz). Just like they have total control over Hillary Clinton.”
Times have changed and there are now suggestions to rename the “East Wing” to “Hedge Fund Headquarters.”
Or more accurately – “GS Village in the Capitol.” This is the place where old bean counters and masters of economic disaster gather to decide how much financial misery the “little people” will endure without revolting.
A good and quick example is Anthony Scaramucci, He worked at Goldman Sachs‘s Investment Banking, Equities, and Private Wealth Management divisions from 1989 to 1996. Flamboyant, like his fictional counterpart, he lasted ten days before Trump replaced him with a retired general. The president’s picks for his cabinet tend to be either Wall Street bankers or multi-star generals. Guns and promises of rose gardens?
But GS and the financial class are hardly left without influence, despite Continue reading →
CNN has revealed that the FBI used the fake “Trump dossier” in its application for a warrant from the FISA court in order to monitor former Donald Trump advisor Carter Page.
And Christopher Steele, who wrote the document, said through his lawyers in a report this week that the dossier came from “unsolicited” and “raw” intelligence that “needed to be analyzed and further investigated/verified.”
While Steele denounces the document, CNN reports it was part of the Democrat-controlled government’s effort to subvert Trump and his associates:
“U.S. officials tell CNN that last year the FBI used a dossier of allegations of Russian ties to Donald Trump’s campaign as part of the justification to get approval to secretly monitor Trump associate Carter Page,” Even Perez reported. “Now those sources say that FBI Director James Comey has cited the dossier in some of his briefings to Congress in recent weeks as one of the sources of information that the bureau used to bolster its investigation.”
“This includes approval from the secret court that overseas the Foreign Intelligence Surveillance Act known as FISA, to monitor Page’s communications,” Perez continued. “But to obtain permission to target Page, the FBI and the Justice Department would have to present probable cause that he was acting as an agent of a foreign power. Including possibly engaging in clandestine intelligence gathering for a foreign government.”
It’s as easy as: one, two, three!
The 2018 Donald Trump Federal Budget can be balanced, even when including nearly $54 billion in increased Defense Department spending, and not one federal department would require any cuts in spending.
These are the proposed $54 billion in department cuts that would not have to take effect under my 123 Plan:
Agriculture 2018 Budget
- Eliminates $500 million Water and Wastewater loan/grant program
- Eliminates $200 million McGovern-Dole International Food for Education program
- Cuts Women, Infants and Children nutrition assistance from $6.4 billion to $6.2 billion
- Unspecified staff reductions at USDA service center agencies
- Cuts $95 million from Rural Business and Cooperative Service
Democrats crying over the temporary ban on immigration from seven terrorist sanctuaries might feel less entitled to a supposed high ground, when they look at the history of discrimination by the most liberal of our leaders.
William Shirer first exposed the Nazis’ systematic execution of individuals with physical or mental disabilities in the pages of Life magazine and Reader’s Digest in early 1941 – a program that would serve as a prototype for the the Holocaust.
In June 1942, word reached this country that the Nazis were planning to kill all the European Jews. A report smuggled from Poland to London described in detail the killing centers at Chelmno, Poland and use of gas vans. Estimates were that 700,000 people had already been killed.
Between 1933 and 1945 – during the presidency of Franklin D. Roosevelt – only 11,000 Jews were permitted on average each year to enter the United States. That number was just 10% of those allowed under law, even though many hundreds of thousands were fleeing the Nazi hate machine..
For example, in 1939 the United States refused to allow 20,000 Jewish children to enter as refugees. The wife of the U.S. Commissioner of Immigration explained why at a cocktail party:
“20,000 children would all too soon grow up to be 20,000 ugly adults.”
To avoid admitting Jews, Democrats worked in vain to persuade Latin American countries and Great Britain to admit Jewish refugees. Continue reading →
Some media pundits and attention ardent politicians have asked for the National Guard to enter Chicago because of hundreds of murders in the past year, but this 2.7 million metropolis is far from our most dangerous major city, based on murders per 100,000 population.
FBI statistics for murder and non-negligent homicides (cities of at least 250,000) put St. Louis (49.9 per 100,000) as the worst city for being murdered, followed by Detroit (43.5), New Orleans (38.7), Baltimore (33.8), Newark (33.3), Buffalo (23.2), Pittsburgh (22.24), Memphis (21.4), Atlanta (20.5), Cincinnati (20.2), Oakland (19.5), Miami (19.2), Kansas City (16.7), Stockton (16.4), Cleveland (16.2), Washington D.C. (15.9), Philadelphia (15.9), Indianapolis (15.8), and then Chicago at 15.1. The lowest rate is Chandler AZ (0.4)
The danger of rape is highest in Anchorage (130.1 per 100,000, followed by Cleveland (124), Continue reading →