Category Archives: Economics

False Choices

sunbeam May 14, 2020 Comments Off

Senator Tim Scott (R-SC) said it perfectly yesterday: “We are too often presented with a false dichotomy: either saving our economy or saving lives.”

Scott’s statement occurred during the Senate hearing with Dr. Fauci, head of the NIH. The Senator was exactly right. Those who believe that no preventative measures should have been taken are as ignorant as those who believe that re-opening the economy poses a mortal risk to everyone.

Georgia Results

sunbeam May 4, 2020 Comments Off

Georgia’s Governor Brian Kemp re-opened his state on April 24^th despite fierce criticism from many politicians.

Bloomberg Buying The DNC

sunbeam May 1, 2020 Comments Off

Federal Election Commission (FEC) records show that more than 50% of the $32.7 million raised by the DNC in March came from Michael Bloomberg. Specifically $18 million came from Bloomberg.

Would-Be Dictator

sunbeam April 18, 2020 Comments Off

Abuse of power was one of the charges that the Democrats tried to hang around PDJT’s neck during their faux impeachment. The COVID-19 crisis has allowed the American public to see just how many politicians in positions of power become tinpot dictators and worse. It has not been pretty.

Some governors, mayors and law enforcement have become tyrants. This sudden ability to control all aspects of the lives of others has allowed their inner totalitarianism to come out. Most, but not all, are Democrats. Most are Democrats because those who would abuse power gravitate to the Democratic Party. As Democrats, they know that it is unlikely that they will ever be held accountable for their abuses.

President Lincoln once said,

Democrats Hate Small Business Owners

sunbeam April 10, 2020 Comments Off

The Paycheck Protection Program is an SBA loan that helps small businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. It is a loan designed to provide a direct incentive for businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. At least 75% of the money must be used for salaries.

Loan application processing began April 3^rd. Despite some initial confusion and some capacity issues within the SBA network, the program has been processing applications at a phenomenal rate. Over $75 billion was submitted for approval in the first three business days the program was in operation.

Good News

sunbeam April 9, 2020 Comments Off

As noted many times before, the news keeps rapidly changing on the frontlines fighting the COVID-19 pandemic. As recently as St. Patrick’s Day, models were predicting upwards of 2+ million deaths in the US.

Pelosi Caves

sunbeam March 26, 2020 Comments Off

On Sunday, the news coming out of Washington was that rank-and-file Democrats AND Republicans in the Senate, with the help of the Treasury Secretary, had drafted a bipartisan bill to help Americans through the coronavirus crisis. Sen. Schumer (D-NY), minority leader in the Senate, praised it on CNN saying, “to my delight and surprise there has been a great deal of bipartisan cooperation.”

On Sunday evening Pelosi swooped in from her vacation in California and threw an IED into the process. Schumer received orders from Rep. Nancy Pelosi to reject it. Like good stormtroopers Schumer and the other Democratic Senators snapped to attention and followed orders. Schumer immediately reversed course and called the bill drafted by Democrats and Republicans “a highly partisan Republican bill.” It is amazing how easily politicians can lie with a straight face to the TV cameras.

#PelosiHatesAmericans

sunbeam March 24, 2020 Comments Off

After days of unusual bipartisanship efforts between rank-and-file Republicans and Democrats, the big economic stimulus aid package to help Americans came crashing down Sunday night when Nancy Pelosi jetted in from sipping cocktails on her vacation and said “No.” This happened despite Sen. Schumer praising the set-to-go bill just hours before. So the hopes of hospitals, laid off workers, and small businesses were crushed because Pelosi and Jim Clyburn decided that men using women’s rest rooms and promoting voter fraud was more important than ordinary Americans suffering from the effects of this crisis. ...

Great Numbers

sunbeam March 9, 2020 Comments Off

The Bureau of Labor Statistics released the February jobs report last week that showed 273,000 jobs added in February. This shattered the experts’ predictions that were expecting 175,000. At the same time the BLS updated January and Decembers numbers to reflect 85,000 more jobs than previously reported.

These revisions are an interesting sidelight of the business of reporting labor numbers. The initial numbers due reflect some incompleteness in the reporting so the updates are always instructive. During the Obama administration there were updates on both sides of the ledger. That is, a few months saw increases. Most saw decreases. During the Trump administration the updates have always shown underreporting during the initial release of the numbers. I wonder why that is.

Obama Created Trump Economy, Part 2

sunbeam February 21, 2020 Comments Off

Yesterday former President Obama’s ridiculous tweet that he was responsible for the roaring Trump economy was reviewed.