Category Archives: Economics

Making It Up As They Go Along

sunbeam December 24, 2019 Comments Off

Much time has been devoted here to pointing out the obvious bias and lies of the main stream media. The MSM claims that the President is a danger to the freedom of the press. They like to say that his attacks have a chilling effect on such freedom. They might have a point if they could only stick to the facts in their reporting of newsworthy items. But they can’t.

Their desperation to defeat PDJT’s re-election effort leads them to sacrifice their credibility and peddle obvious lies. This in turn re-enforces to the common people that the MSM will say anything to stop PDJT from continuing in office.

This week WaPo and CNN combined in a whopper of epic proportions. In a jaw-dropping moment on CNN’s ironically named Reliable Sources program, Washington Post columnist Catherine Rampell made a ridiculous claim:

Deplorables

sunbeam October 21, 2019 Comments Off

This is an excellent video if a bit long (26 minutes). It really speaks to the heart of the matter for all concerned on both sides of the Atlantic. It is a well-presented argument for the validity of the US/UK “populist” movement and the tone-deafness of those who oppose it.

Unelected bureaucrats in the EU should not rule of the citizens of each EU country. Did the people of the EU know, when the EU was created, that was the template for governance?

What Recession?

sunbeam September 23, 2019 Comments Off

The Democrats and their pals in the lame stream media continue to insist that the economy is headed into a recession based on some spurious signal from the bond markets. They insist this is the direct result of PDJT’s economic policies. Now I would agree that the signal in the bond market that lasted about an hour a couple of weeks ago is the result of government policies, just not ours. Central banks overseas caused the effect when they continued to affirm negative interest rates and when foreign governments continued to devalue their currencies in relation to the US.

So how is the economy doing? Last week U.S. economic data included the Labor Department’s report on initial filings for unemployment benefits that continue to be at historically low levels. No state was triggered “on” the Extended Benefits program during the week ending August 31. Insured unemployment benefits are at low levels not seen in many decades.

Has CNBC Lost Their Minds?

sunbeam September 17, 2019 Comments Off

Back in May, Goldman-Sachs came out and claimed that American businesses and consumers were bearing the full cost of the Chinese tariffs. This is funny in so many ways. If this were truly the situation, why are Chinese companies (and others) opening up plants in the US now? If this were the case, why are companies changing their supply lines away from China?

Let’s remember Goldman Sachs is a premier investment firm who controls assets in the tens of billions. Back in May, Goldman clearly did not believe that PDJT would follow through on more tariffs. They really just didn’t believe a U.S. President would ever go into a full economic confrontation with China. In this Goldman probably represents the majority opinion of the Wall Street ‘multinational’ community at that time.

Double-barrel Victory

sunbeam September 12, 2019 Comments Off

Two special elections for the House of Representatives were held on Tuesday in North Carolina. These were for NC3 and NC9. The Republican who had represented NC3 died after winning re-election in 2018. In NC9 Mark Harris, the incumbent Republican, edged Dan McCready, a smooth talking and personable Democrat by a few hundred votes in 2018. However, the NC Board of Elections refused to certify the win.

The reason? Apparently a political consultant for the Harris campaign allegedly mishandled some absentee ballots. The Board of Elections felt the case was strong enough to call for another election. This mishandling of absentee ballots is currently being litigated in the courts in NC.

It sounds an awful lot like the “harvesting” of ballots that took place in California during the 2018 elections. In some counties in California, more than 250,000 absentee ballots were “harvested.” The result was the flipping of a considerable number of House districts from Republican to Democratic hands. No charges have been filed in California.

Brexit To Go Forward?

sunbeam September 9, 2019 Comments Off

After a week that saw the British Parliament vote against the British people and the British government but for the unelected bureaucrats in Brussels, it appears that Boris Johnson may have been playing rope-a-dope with his opposition.

Brexit is the exit of the UK from the EU. The British people had voted for this a few years ago despite massive ad spending by multi-nationals and others to prevent it. Johnson was elected because the British people were tired of the constant stalling that was going on. October 31 was the latest deadline of multiple extensions previously agreed to by former PM Theresa May. If no deal was reached, then a so-called no-deal exit would take place.

The EU will never agree to any exit deal. They do not want an exit. Such an action would probably embolden a few other countries to consider the same move. The EU is top-down control over most of Europe by unelected bureaucrats. The EU is fighting to prevent their own extinction. Such extinction is probably inevitable based on current circumstances.

Jobs! Jobs! Jobs!

sunbeam September 6, 2019 Comments Off

If you listen to the MSM and their enablers on the left, everyone knows that the MSM, the Democrats and the multi-nationals are rooting for America to go into a recession. They want America to suffer setbacks. Why? Because there are trillions of dollars at stake and they want to see to it that Americans do not earn that money. They want it to stay in their pockets.

This is obscene. These people want America to have a recession so they can make up a story that it is PDJT’s fault. They want to say that he is ignorant, doesn’t understand global economics, etc.

This reminds me of a column that Paul Krugman, Nobel laureate and Trump-hater, penned in May in the NYTimes. As some may remembe Continue reading...

Brexit

sunbeam September 4, 2019 Comments Off

There has been an interesting development on the other side of “the pond” which is the English way of referring to the Atlantic Ocean. For more than two years the British government under Theresa May had been trying to come up with a plan to exit the European Union (EU). Most of this action under Theresa May appears to have been a stalling action. The pols hoped that at some point the British would lose interest and the fact that the voting population had spoken out in favor of leaving the EU would disappear into history.

The fact that the Brits had voted for Brexit was as surprising as PDJT winning the Presidency here. The polls had all shown that Brexit would go down to defeat. Supposedly there was little chance it would pass. The polls were wrong again.

Stalling eventually cost Theresa May her job. The people were not happy that the UK was still in the EU. Boris Johnson’s Party achieved a majority around the idea that he would complete the process including, if needed, a “no-deal” Brexit.

Happy Labor Day!

sunbeam September 2, 2019 Comments Off

Today we celebrate Labor Day in America. In 2019 we have much to celebrate. Under PDJT we have seen the labor force swell to numbers never before seen in America. Unemployment rates are at the lowest levels in more than 50 years. Unemployment rates among minorities are at historic lows.

Jobs are going begging in some areas. Companies are posting signs along the roadways by their buildings advertising their open positions. Signing bonuses have showed up in some industries particularly trucking. Wages are increasing at rates not seen in a long time. At the same time inflation has remained low. This means more money in the pockets of Americans.