Third Party & Independents Archives

Greatest Irony Ever

Recall that Hillary compromised some 30k messages thru an unsecured server she used while DOS and during the 2016 presidential campaign. Russia, China and perhaps others collected the messages and copies ended up with wikileaks.


What did we get from CNN? Crickets. . .

Fast forward til today where some emails ,from around Oct 2014, between a couple of Roger Stones pals and Steve Bannon has surfaced that seem to indicate an effort to feel the Trump campaign out on acquiring Hillary's messages.

At 3:45 today the President held a press conference and enlightened the press/public on his immigration plan going forward. Big news.

But, at 4pm, CNN opened with the Roger Stone related emails With bated breath and bloody eyed desperation, they tore back and forth thru the information, hoping to their gods, that somehow this would tie Trump to Russian collusion and 'get Trump'. . .

Greatest irony the world has ever seen, IMO.

And, everyday, everyday, CNN is espousing how they are nonbiased, fair and balanced, civil, and so on, even as they continue to throw everything including the kitchen sink at Trump. Ironical too, that nothing sticks to the President, he just keeps getting stronger, approval numbers in the 60's now . .
.
I say again, the MSM has gone far beyond any 'red' line. They should be charged with libel against the President. They should be disbanded. They are joined at the hip with the democratic party, et al. A judge needs to remind CNN they colluded with the DNC in preparing press reports attacking Trump during the campaign.

So should the democratic party be disbanded. For a better understanding of why, watch FOX/Hannity tonite at 9:30 for some enlightenment by Mark Levin.

Posted by Roy Ellis at November 1, 2018 7:05 PM
Comments
Comment #433824

The e-mails kept on HRC’s private server were never “compromised.” There is no evidence anyone successfully hacked those. The Russians did try on the very same night after Donald Trump requested they hack HRC.

The Russians attacked the Democrats. Not the Chinese.

The Russians did the hack of the DNC and Podesta, and put it out through Wikileaks. There is no question about that. The question is, was there coordination between the Trump campaign and Russia? Roger Stone appears to be the middle man between Trump and the Russians. Stone has seen at least 10 of his associates interviewed by the FBI. Two- Jerome Corsi and Randy Credico- may have refused to honor their subpoenas.

A Sealed versus Sealed case is going back and forth in the highest courts. We know one of the Sealed is the Mueller investigation. But who is the other? It could involve Corsi and/or Credico. However, it may also be a subpoena for Trump.

Trump’s lawyers went completely silent, including Giuliani. Trump no longer tweets anything about Mueller or Witch Hunts or whatever, no doubt on the advice of his lawyer.

Posted by: phx8 at November 1, 2018 9:01 PM
Comment #433825

Note to pdx8, the real “Roy Ellis” was actually a follower of Jerome Corsi.

Posted by: ohrealy at November 1, 2018 9:34 PM
Comment #433827

Comment #273790 Posted by: Roy Ellis at January 18, 2009 7:11 PM

From Jerome Corsi’s book, “The Late Great USA” : (Gist) In 2005 the D/Commerce said “ The SPP announced last March by …. unveiled a blueprint for a safer and more prosperous North Am. for the 21st century.”

From www.spp.gov: “The SPP does not attempt to modify our sovereignty or currency or change the American system of government designed by our Founding Fathers.”

According to Corsi from reviewing 1000’s of pages of FOIA material “It is clear that the SPP is creating new regional infrastructure that includes Mex and can and is agressively rewriting US administrative law, all without congressional oversight or public disclosure.”

He notes that there are 13 working groups with the US government, The security folks report through the NSC and HSC. Ten working groups report to the DOC. It appears the DOS is the cabinet-level coordinator chosen to coord directly with the HSC/NSC. These groups come from the DOS, DOC, HSC, DOT, USDA, USDOT, DOE, HHS, and the USTR.
“The Bush admin has attempted to get a Social Security totalization agreement with Mexico as we have with 21 other countries. This agreement would allow Mexican workers to qualify for SS after working six quarters (eighteen months) of employment in the US. A US worker typically needs forty calendar quarters (120 months) to receive US SS benefits.” The GAO estimates 78M the first year growing to 650B by 2050.”

Posted by: ohrealy at November 1, 2018 10:00 PM
Comment #433829

About time. It seems the media has been caught up in Trumps lies and misdirection for to long. Instead they focus on what he doesn’t want you to hear….whats wrong with that Roy?

Posted by: j2t2 at November 1, 2018 11:34 PM
Comment #433846

“The e-mails kept on HRC’s private server were never “compromised.””

The classified ones were compromised the second they were removed from a secure government server and placed on her unsecured personal email server.

Posted by: kctim at November 2, 2018 8:25 AM
Comment #433848

kctim,
‘Compromised’ in terms of classified material means the material was passed to an unauthorized person. That never happened with HRC. It is ironic that her server remain uncompromised because the Russians did hack the DNC, but never knew her private server existed.

Her personal server was attacked by the Russians within hours after Trump said this: “Russia, if you’re listening, I hope you’re able to find the 30,000 emails that are missing…”

By the way, just a couple quick fact checks”

In the past few days, Trump has claimed there are 20, 25, and even 30 million illegal immigrants in the US. That is false. He made that up. DHS estimates there are @ 12 million. That number is slightly down from the highest estimate, 12.3 million in 2006.

It is flatly illegal for the US military to respond to rock throwers by shooting them.

In any case, the US military can not be used for domestic law enforcement, in accordance with the Posse Comitatus Act of 1878. The idea behind sending 15,000 US troops to the border is that they will provide logistical help to agencies patrolling the border. Seems to me that many troops will cause more logistical problems than the one they were originally supposed to solve.

Trump is stoking hatred. He is going all out. There is an absolutely horrific ad suggesting a convicted murderer is typical of illegal immigrants. Let’s see if Americans vote for hatred. Plenty are more than capable of it.

Posted by: phx8 at November 2, 2018 12:37 PM
Comment #433849

https://dailycaller.com/2018/08/27/china-hacked-clinton-server/

Posted by: d.a.n at November 2, 2018 1:15 PM
Comment #433850

https://dailycaller.com/2018/08/27/china-hacked-clinton-server/
“When [the ICIG] did a very deep dive, they found in the actual metadata — the data which is at the header and footer of all the emails — that a copy, a ‘courtesy copy,’ was being sent to a third party and that third party was a known Chinese public company that was involved in collecting intelligence for China,” the former intelligence officer told TheDCNF.

Posted by: d.a.n at November 2, 2018 1:18 PM
Comment #433851

https://www.google.com/search?ei=lpbcW-zjKKm4jwS426jACw&q=hillary%27s+email+server+hacked&oq=hillary%27s+email+server+hacked&gs_l=psy-ab.3..35i39.2968.2968..4720…0.0..0.67.67.1……0….1..gws-wiz.wdEE_Np5hKQ

05-JUL-2016, FBI Director James Comey stated that it was “possible that hostile actors gained access to Secretary Clinton’s personal e-mail account.”.

Just because the FBI can found no evidence of an information breach, does not mean it did not happen. It is entirely possible, since there the data which is at the header and footer of all the emails was being sent (via CC) to a third party and that third party was a known Chinese public company that was involved in collecting intelligence for China,” the former intelligence officer told TheDCNF.

Posted by: d.a.n at November 2, 2018 1:31 PM
Comment #433852

State Department releases classified emails from Hillary Clinton’s aide, Huma Abedin, were found on Anthony Weiner’s computer:

https://www.usatoday.com/story/news/politics/2017/12/29/state-releases-huma-abedins-work-docs-found-anthony-weiners-computer/990912001/

Posted by: d.a.n at November 2, 2018 1:43 PM
Comment #433853

The Daily Caller conspiracy theory about China and HRC has been debunked:

https://www.nbcnews.com/politics/donald-trump/fbi-rebuts-trump-tweet-about-china-hacking-clinton-s-email-n904811

Thank you for playing “I’ve got a Conspiracy!”

Posted by: phx8 at November 2, 2018 1:45 PM
Comment #433854

Alec Baldwin arrested in New York City after punching person over a parking space.

Trump said: ‘I wish him luck’

https://www.cnbc.com/2018/11/02/alec-baldwin-arrested-in-new-york-city-after-punching-person-police.html

Posted by: d.a.n at November 2, 2018 2:01 PM
Comment #433855

Phx8,
The unauthorized removal of protected classified information from a secure server makes it vulnerable to viewing from unauthorized persons. Once an unauthorized person views that information, it has been passed and is considered compromised. A full investigation is then required.
Unless you can prove that no unauthorized individuals ever had access to her personal email server, the classified information found on her server was compromised.

“Trump said this: “Russia, if you’re listening, I hope you’re able to find the 30,000 emails that are missing…””

Secret code, huh. Couldn’t have anything to do with the fact that she had 30,000 subpoenaed emails deleted. Some which were found to have classified markings.

The 12 million illegal aliens being in the country number comes from a data survey. There are other estimates out there, like this one from Yale and MIT:

https://www.bloomberg.com/news/articles/2018-09-21/mit-yale-study-doubles-estimates-of-u-s-undocumented-immigrants

Trump not using the number you want does not mean he is lying. Truth is that there are probably millions of illegal aliens that we don’t know about.

The President did not say the US military would shoot them:

https://www.cnn.com/2018/11/01/politics/trump-immigration-speech-asylum/index.html

“Seems to me that many troops will cause more logistical problems than the one they were originally supposed to solve.”

Which is probably why he is sending troops now even though the caravan’s are still a thousand miles away. Kind of puts the lefts meme ‘Trump is sending troops here - the caravan is here a 1000 miles away’ into perspective, doesn’t it.

“There is an absolutely horrific ad suggesting a convicted murderer is typical of illegal immigrants.”

Luis Bracamontes IS an illegal alien. Democrats DO support lax immigration laws and enforcement. The ad ALSO shows a man in that caravan stating that he is wanted for attempted murder.
The point of the ad isn’t to say ALL illegal aliens are murderers, it’s to say that without proper laws and enforcement, these people are going to come in.

“Let’s see if Americans vote for hatred. Plenty are more than capable of it.”

Yes, you guys certainly are capable of it. No doubt about it. I would like to say that I think your victory’s will dampen your hatred enough for civility, but I have a feeling you guys are going to be worse than you already are.

Posted by: kctim at November 2, 2018 3:01 PM
Comment #433856
phx8 wrote: The Daily Caller conspiracy theory about China and HRC has been debunked.
Not true.

In the report, the IG noted that while the FBI assessed that it was “possible” that hostile actors gained access to Clinton’s private email server, the bureau “acknowledged that the FBI investigation and its forensic analysis did not find evidence that Clinton’s email server systems were compromised.”

According to the IG report, an FBI forensics agent assigned to the case told investigators that, although he did not believe there was “any way of determining…100%” whether Clinton’s servers had been compromised,…

Posted by: d.a.n at November 2, 2018 5:03 PM
Comment #433859

Absence of evidence is not evidence of absence.

Posted by: phx8 at November 2, 2018 5:16 PM
Comment #433860

Regardless, Hillary Clinton broke the law, and should have been indicted. Others have done prison time for far, far less.

https://www.washingtonexaminer.com/news/white-house/hillary-clinton-emails-could-still-face-charges

Hillary Clinton’s handling of classified information is getting another look with the release Thursday of a Justice Department inspector general report scrutinizing the FBI’s investigation into whether she committed crimes using a private email server as secretary of state. … Hillary could arguably could be charged until March 2025. Sloppy workers, leakers, whistleblowers, and spies face a variety of criminal charges for mishandling classified records. But there are leading options available to prosecutors, with varying statutes of limitations.

Others have done prison time for far, far less.

Posted by: d.a.n at November 2, 2018 5:27 PM
Comment #433861

It is ALWAYS the main point that eludes phx8, and j2t2, who excel at trying to obfuscate, and distract from the “main point” (cheaters’ tactics).

The main point is that Hillary Clinton broke the law, and should have been indicted.

The chairman of the Senate Judiciary Committee — not just a rank-and-file House member — alleged Tuesday that Hillary Clinton likely broke the law with her use of private emails as secretary of state. “I think they all fall into one great big mistake she made,” Republican Sen. Chuck Grassley of Iowa told Newsmax before adding: “And it could be a violation of law, probably is a violation of law. Some people are suggesting she could even be prosecuted, and it’s as simple as this — she was using a private email address instead of a government one, and it probably violates the Freedom of Information Act, it probably violates national security legislation.”

Only because Hillary has not been charged does not prove innocence. There is a fairly solid case, and evidence that Hillary broke the law.

Posted by: d.a.n at November 2, 2018 5:34 PM
Comment #433863

Wow, WOW and WOWEE. The federal jobs report came out and says over 250,000 new jobs created in October. Contrary to Obama’s negative musings, 1,000 new manufacturing jobs are being created EVERY DAY. And, wages have had their strongest gains in a decade.

We don’t wonder why former Prez Obama wants to take credit for all this great news. Poor Obama, there is nothing but shreds left of his eight years in office. He will be forgotten soon.

Posted by: Royal Flush at November 2, 2018 5:41 PM
Comment #433865

Obama did not have a clue about economics.
Obama said jobs that went offshore would never come back.
Obama said GDP could not get above 2% (it has reached 3.5 to 4.2% in 2018).
Obama taught Constitutional Law, but did not have a clue about the constitution, and had a record number of executive orders overturned by the Supreme Court.
https://www.cato.org/publications/commentary/obama-has-lost-supreme-court-more-any-modern-president
But, Obama said “You can keep your doctor and insurance, PERIOD!
And how about the roll-out of the Obamacare HealthCare.gov web-sites? Truly a disgraceful **Eff up of epic proportions.
However, I am a Racist, Fascist, Nazi, “White man” for ever saying such a thing.

Just sayin’ ?

Posted by: d.a.n at November 2, 2018 6:40 PM
Comment #433866

I apologize for getting the story wrong, commingling Hillary’s and Podesta’s emails. But, it has been more than a month … .


https://www.govexec.com/oversight/2016/09/former-clinton-it-aide-describes-destruction-old-devices-routine/131501/

Today, Obama gave the compromise little credence in saying he doesn’t understand why the repubs would rant on Hillary’s emails while making no noise at all about China having bugged President Trumps phone. Laughter all around - - ship of fools.

Obama attended a rally in Fla. today and gave his standard speech touting all his grievances. But, he was entertaining, energetic, homilies galore, and the crowd ate it up - - ship of fools.

Right Royal, WOW! The numbers tell the story. But, I’m not sure Obama’s followers are all that good with numbers…

“”However, I am a Racist, Fascist, Nazi, “White man” for ever saying such a thing.

Just sayin’ ?”“

Posted by: Roy Ellis at November 2, 2018 7:13 PM
Comment #433867

Seems the Nigerian army is taking their orders from President Trump now. Word is the army shot six unruly prisoners based on Trump saying that if the migrants throw stones he would see that as the same as a rifle.

Posted by: Roy Ellis at November 2, 2018 7:35 PM
Comment #433885

“Absence of evidence is not evidence of absence.”

Actually it is.

Posted by: dbs at November 3, 2018 7:48 AM
Comment #433889

My favorite comments are the ones about the economy under Trump. Conservatives have been consistently dishonest and unprincipled in their criticism of the economy under Obama, claiming the numbers were fraudulent, not good enough, and deficit hawks making all kinds of demands over the debt ceiling, the fiscal cliff, and so on. Now a virtually identical economy with identical trends is cause for celebration, even though the only thing that has changed is the party in power. The only actual changes brought about by the Trump administration have been the tax cuts and the tariffs. Almost all of the tax cuts went into the stock market, into stock buybacks and dividend increases.

To put it into perspective, the first 21 months of the Trump administration have averaged 193,000 jobs per month. That’s good. But it’s not Obama good, because the last 21 months of the Obama administration averaged 212,000 jobs per month; in other words, the Trump economy is underperforming the Obama one by about 10%.

Two areas make me uncertain. 1) The Labor Force Participation Rate has remained almost unchanged for the past year, along with other more obscure employment numbers. It should be noticeably declining, and 2) Wages remain relatively stagnant. They have grown 3.1% over the past year, but inflation has come in at 2.3%, meaning wage increases have been surprisingly low.

Wages should be increasing more. That should happen even if almost all the fiscal stimulus from the tax cuts went to the 1% and corporations. Anyone for Occupy Wall Street rhetoric? Looks like they got it right.

Posted by: phx8 at November 3, 2018 1:32 PM
Comment #433890

I don”t believe you.

Posted by: Weary Willie at November 3, 2018 2:03 PM
Comment #433893

I don’t believe you

Posted by: Roy ellis at November 3, 2018 4:09 PM
Comment #433894

“Almost all of the tax cuts went into the stock market, into stock buybacks and dividend increases.”

I challenge our Pal phx8 to prove this statement.

Does phx8 require the video of Prez Obama talking about the “new economy”, that manufacturing jobs were not coming back. that 2% growth of GDP was the “new normal”, that Prez Bush was responsible for the lack-luster first six years of his administration?

Posted by: Royal Flush at November 3, 2018 4:18 PM
Comment #433895

And, Hillary’s security clearance was ‘withdrawn’ Aug 21st, after an FOIA inquiry into her clearance status.

Sorry, sorry, sorry assed politicians.

We really do need a new 3rd party w/rules …

Posted by: Roy Ellis at November 3, 2018 4:29 PM
Comment #433896

And, what about all this pol ad money flooding social media? All one needs to do is submit your request claiming to be a senator or some official and so on … been going on for years.

Sorry, sorry, sorry assed politicians…

Same attendance to immigration reform, and on, and on, and on …

Posted by: Roy Ellis at November 3, 2018 4:56 PM
Comment #433897

Unemployment, Inflation, GDP, and Dollar-Index (reported by the federal government) are suspicious, and have been for decades, based on the following:

However, even the Stadowstats.com shows that the unemployment rate has dropped at the same, or slightly faster rate between JAN-2017 and today (when Trump took office), than any time during the 8 years from JAN-2009 to JAN-2017 (when Obama was in office).

Job creation (reported by the federal government) during some of Obama’s time matches some of the time during Trumps time in office:

  • Source: www.bls.gov/web/empsit/ceshighlights.pdf
So, things were improving during Obama’s 8 years (although, it was hard to go anywhere but up from the JAN-2009).
Things are continuing to improve during Trump’s first 21 months (some sectors a perhaps a slightly faster rate).

As for taxes, they are not fair, and have not been for a long time.
the last tax cut included a reduction of the corporate tax from 35% to 21% is common-sense, because high corporate taxes above the global average of 20% is stupid, and drives corporations and jobs out of the country.

The following tax rate changes will likely be offset by increased GDP growth and corporations, money, and jobs returning to the U.S.:

  • 2017 ____ 2018-to-2025___single____________married
  • 10% _____ 10%________ $0-$9,525 _________$0-$19,050
  • 15% _____ 12%________ $9,525-$38,700_____$19,050-$77,400
  • 25% _____ 22%________ $38,700-$82,500____$77,400-$165,000
  • 28% _____ 24%________ $82,500-$157,500___$165,000-$315,000
  • 33% _____ 32%________ $157,500-$200,000__$315,000-$400,000
  • 33%-35% _ 35%________ $200,000-$500,000__$400,000-$600,000
  • 39.6% ____ 37%________ $500,000+ _________$600,000+
The percentages for the upper-income brackets were reduced 1%-to-2.4%, but 2%-to-4% for the lower brackets.
So, that is actually a larger percentage tax cut for the lower income levels?.

The tax system is regressive (see below), so it is not a fair tax system.
The 15%(max) capital gains tax rate is far below the 0%-to-37% taxes on wages (which is how Mitt Romney paid 15% on $21 Million, while a person making $40K per year is paying 32.7% (a higher percentage) in federal income, Social Security, and Medicare taxes; and that 32.7% does not even include the employer matching for Social Security and Medicare taxes)?!?

Due to several factors ((a)maxiumum capital gains tax of 15%, (b)Social Security and Medicare taxes ONLY on wages (not on capital gains), (c)and the cap on Social Security taxes), the U.S. tax-vs-income curve ACTUALLY looks like this (i.e. regressive):

  • CURRENT TAX-RATE CURVE (hammers the middle-class):
  • 40% |————————————————o———————————————————
  • 35% |————————o———————————————————-o——————-
  • 30% |———-o——————————————————————————o————-
  • 25% |——o—————————————————————————————o———
  • 20% |—o———————————————————————————————-o—-
  • 15% |-o—————————————————————————————————o-
  • 10% |o——————————————————————————————————-
  • 00% |o_80K_160K_240K_320K_400K_480K_……1+ Million __ $INCOME
Therefore, a cut in federal income taxes (i.e. 10% would bring taxes close to a maximum rate of 27%, which is good, but still higher than the 15% maximum rate on capital gains. To be fair, all forms of income should be treated equally (e.g. 18%-to-22%, or less, if possible).

A more fair tax system would be a FLAT income tax (with all types of other taxes, such as Social Security and Medicare taxes currently levied on wages).
For example, how about a 20%-to-22% FLAT income tax on ALL types of income. Higher if necessary for a while, due to $21.5 Trillion national debt, but then lowered as much as possible after the debt is reduced significantly.
The federal government would probably get more revenue, since the curve is not regressive (as it currently is as shown in the chart above).
A FLAT income tax curve would look like this:

  • FLAT INCOME TAX-RATE CURVE (more fair; taxes only above the poverty level):
  • 40% |————————————————————————————————————
  • 35% |————————————————————————————————————
  • 30% |————————————————————————————————————
  • 25% |————————————————————————————————————
  • 20% |——-o—-o—-o——o——o——o——o——o——o——o——o——o——o——o
  • 15% |—o——————————————————————————————————-
  • 10% |-o———————————————————————————————————
  • 00% |o_80K_160K_240K_320K_400K_480K_……1.0M_$INCOME
This would make the rich pay more taxes, but they would pay the same 20% as everyone else (only on income above the poverty level).

So, phx8, at this moment, in this rare case, you are partially correct (i.e. about job growth).

However, there have been several other successes (IF better and fairer trade is obtained; reduce the annual net losses of $297 Billion due to illegal immigration; a tax cut for the middle-class, coming closer to the 15% capital gains tax rate; closer to a flat income tax only on income above the poverty level; near-decimation of ISIS; cuts in federal spending; etc.), and things could get far better.

The QUESTION is: IF things keep getting better, will that upset you?
Because many liberals want Trump and his administration to fail (despite, that would mean a failure for the U.S too).
For example, Bill Maher, who acknowledged that the economy was “going pretty well”, said his hope was that the economy would tank, so that it would hurt Trump politically:

Bill Maher said: “I feel like the bottom has to fall out [of the economy] at some point. And by the way, I’m hoping for it. I think one way you get rid of Trump is a crashing economy.”

Posted by: d.a.n at November 3, 2018 5:12 PM
Comment #433899

WW & Roy,
My numbers come from the Bureau of Labor & Statistics. The same people are there now that were there during the Obama administration.

RF,
This article comes from June, but it still applies:

https://www.nbcnews.com/business/economy/what-did-corporate-america-do-tax-break-buy-record-amounts-n886621

Most of the tax cut money went into stock buybacks & dividend increases. This is not surprising. Corporations were already reporting record earnings even before the cuts. There is no reason for the influx of corporate cash to go to workers, or infrastructure, or capital investments, or ways to enhance productivity, since this is most profitable thing for a CEO & Board to do. They have a fiduciary responsibility to put it into company stock to satisfy shareholders, who are the owners, and to reward themselves, since top management usually owns stock options.

By the way, the geographical distribution of the tax cuts was uneven. State income taxes are no longer deductible, which means a huge hit for states like CA, OR, and others; however, states with sales taxes can still deduct it. Unfortunately, the net result is that the tax cuts punish successful, wealthier states with higher taxes, more innovation, better infrastructure, and better education, while rewarding poorer states with low tax burdens that fail to invest in infrastructure, education, and so on.

Posted by: phx8 at November 3, 2018 5:52 PM
Comment #433900

phx8, just these three companies; Apple, ExxonMobil and Fiat Chrysler say Trump’s tax package helped facilitate new U.S. investments worth a combined $385 billion. That’s not chump change. There are many more companies investing in America along with these top three. The total corporate investment of tax savings is not known. Much of the corporate profits overseas ($4 Trillion estimate) have yet to be repatriated.

According to Bloomberg, among the 130 companies in the S&P 500 that have reported results in this earnings season, capital spending increased by 39 percent, the fastest rate in seven years, data compiled by UBS AG show. Meanwhile, returns to shareholders are growing at a much slower pace, with net buybacks rising 16 percent. Dividends saw an 11 percent boost.

phx8 is attempting to sell us on the idea that States with low, or no state income tax should pony up to help reduce the state tax bite on the rich in Liberal high tax states.

Does anyone else on WB want to send money to the rich in high tax Liberal states? Do we really need to send money to the Hollywood rich? Does Barbara Streisand need some welfare?

Posted by: Royal Flush at November 3, 2018 6:53 PM
Comment #433901

Yes. Babawa wants some more pancakes.

Posted by: d.a.n at November 3, 2018 7:33 PM
Comment #433902

“… these three companies; Apple, ExxonMobil and Fiat Chrysler say Trump’s tax package helped facilitate new U.S. investments worth a combined $385 billion.”

https://www.politifact.com/truth-o-meter/statements/2018/jan/31/donald-trump/donald-trump-inflates-apple-investment/

Actually, Exxon will invest $35 billion over 5 years, and Apple about the same amount. Chrysler will invest about $1 billion, and they paid a one-time bonus in January. So all that is good, but not that good, considering it will be spread over years.

Capital spending increased 39% at the beginning of the year, and then slowed. Much of the change in capital spending has been the result of increased oil prices. Capex decreased in 2016 when the Obama administration led the way to the lowest gas & oil prices we have seen in a long time.

The problem is that Trump & the GOP used the country’s credit card to stimulate an economy that was already healthy. Hundreds of billions were added to the annual federal deficit through tax cuts and increased spending, notably military spending. The Federal Reserve has been shooting for an inflation target of 1-3%, and right now it is 2.3%. That means a continued trend of slowly increasing interest rates is very likely, and that means housing and construction spending are just about done.

So in the longer term, we are going to go into the next recession with enormous deficits and even more debt, and once again, people will look to the Democrats to repair the damage done by the GOP.

Posted by: phx8 at November 3, 2018 8:26 PM
Comment #433909

What damage?

Posted by: d.a.n at November 4, 2018 2:22 AM
Comment #433915
  • Obama did not have a clue about economics, and said GDP could never rise about 2.0%. Yet, today, GDP is 3.5% and has reached as high as 4.2% in 2018.
  • Obama said jobs that went off-shore are NEVER coming back. Yet, many corporations, money, and jobs ARE returning to the U.S. due to the reduction of the corporate tax from 35% to 21% (closer to the global average of 20%):
    • Apple is bringing back $38 Billion back to the U.S. after the tax overhaul. - Source: www.forbes.com/sites/kellyphillipserb/2018/01/17/apple-says-it-will-bring-cash-back-to-us-pay-38-billion-in-repatriation-tax/#62baf5592222
    • Insulet Corp.; Total jobs reshored: 1,500 jobs; States benefiting: Massachusetts; Industry: Biotechnology; Headquarters: Billerica, Massachusetts; Insulet Corporation manufactures insulin delivery systems. In 2017 the company announced it would be moving the production of its flagship product — the Omnipod, a tubeless, waterproof insulin pump — from China to a new facility in Acton, Massachusetts. Insulet cited the area’s skilled workforce and rising labor costs in China as reasons for the move. If Insulet meets earnings expectations for the next several years, the new facility could employ as many as 1,500 workers by 2021.
    • Element Electronics; Total jobs reshored: 1,500; States benefiting: Michigan, South Carolina; Industry: Consumer electronics; Headquarters: Winnsboro, South Carolina; In 2012, South Carolina-based consumer electronics manufacturer Element Electronics opened a new flat screen television factory in Detroit. The decision was based on a need to consolidate the company’s supply chain, and made Element one of the only companies to manufacture televisions in the U.S. Element also reshored production from China to Winnsboro, South Carolina with an initial $7.5 million investment in a new plant that is projected to lead to the creation of 500 jobs. The TV manufacturer cited Walmart’s pledge to buy $250 billion of U.S.-made products from 2013 to 2023 as a primary reason to relocate operations to the United States.
    • Gentex; Total jobs reshored: 1,600 jobs; States benefiting: Michigan; Industry: Motor vehicle parts; Headquarters: Zeeland, Michigan; Over the last several years, mirror manufacturer Gentex closed its two plants in China and Mexico in an effort to centralize production in Zeeland, Michigan. While labor was less expensive overseas, the move to consolidate all stages of production in one location is likely to reduce transportation costs and the risk of manufacturing error. According to the Reshoring Initiative, the company’s reshoring efforts since 2010 amount to a total of 1,600 jobs for U.S. workers.
    • Amgen; Total jobs reshored: 1,600; States benefiting: Rhode Island, TBD; Industry: Pharmaceuticals; Headquarters: Thousand Oaks, California; In a January 2018 meeting with President Donald Trump, Amgen CEO Robert Bradway announced that the firm was planning to add 1,600 manufacturing jobs in the U.S. The announcement came several years after the biopharma company cut approximately 15% of its workforce and closed two U.S. manufacturing facilities in 2014 as part of major cost-saving efforts. Most recently, Amgen announced in February 2018 that it would invest $300 million in a new U.S. biologics plant that would employ approximately 300 workers upon completion. An April 2018 recent press release from the company named West Greenwich, Rhode Island, as the site of the new facility.
    • Merck & Co.; Total jobs reshored: 1,633 jobs; States benefiting: New Jersey, TBD; Industry: Pharmaceuticals; Headquarters: Kenilworth, New Jersey; In July 2017, the White House announced that Merck, along with pharmaceutical manufacturers Pfizer and Corning, have committed to making a joint investment of at least $4 billion in pharmaceutical glass manufacturing in the U.S. The partnership will focus on the manufacturing of advanced pharmaceutical glass packing, a technology used in the storage of injectable drugs, as well as vials and cartridges, and is projected to lead to the direct hiring of 4,000 U.S. employees across the three companies. Merck also recently reshored approximately 300 jobs as part of its efforts to consolidate its overseas operations in the U.S. The company relocated the headquarters of its animal health division from Boxmeer, the Netherlands to its campus in Summit, New Jersey in 2013 as part of a larger restructuring effort.
    • SolarCity; Total jobs reshored: 1,900; States benefiting: New York; Industry: Energy production & storage; Headquarters: San Mateo, California; In 2014, SolarCity announced a deal with the State of New York that commits the company to invest approximately $5 billion over the next 10 years in return for a $750 million construction subsidy that is projected to create at least 1,900 jobs. The investment is focused around the construction of a new facility in South Buffalo. Without major government subsidies, domestic manufacturing of solar panels has largely been prohibitively expensive, as U.S. labor costs were too high compared to other countries. While the project stalled for several years as SolarCity reevaluated its timeframe and was taken over by Tesla, solar roof tile production began at the new factory in December 2017.
    • Polaris Industries; Total jobs reshored: 2,000; States benefiting: Alabama; Industry: Transportation equipment; Headquarters: Deerfield, Illinois; In January 2015, automotive manufacturer Polaris Industries announced plans to build a $142 million off-road vehicle plant in Huntsville, Alabama that will create an estimated 2,000 manufacturing jobs in the area. The move was likely prompted by the generous tax breaks offered by state and local governments. Polaris is projected to receive approximately $80 million in tax breaks from the city of Huntsville and state of Alabama upon completion and staffing of the facility. The announcement comes several years after the company was criticized for downsizing its plant in Osceola, Wisconsin and building a new facility in Monterrey, Mexico for approximately $150 million.
    • Caterpillar; Total jobs reshored: 2,100; States benefiting: Georgia, Illinois, Indiana, Texas; Industry: Construction & farm machinery; Headquarters: Peoria, Illinois; According to the Reshoring Initiative, over the last several years construction equipment manufacturer Caterpillar has announced reshoring projects that will target facilities in Georgia, Illinois, Indiana, and Texas, and will add or retain an estimated 2,100 U.S. manufacturing jobs. In 2012, Caterpillar opened a new facility in Victoria, Texas with an initial investment of $200 million in an effort to shift production of its hydraulic excavators from Akashi, Japan to the U.S. In August 2015, Caterpillar announced plans to expand employment at its Victoria facility, moving its vocational truck manufacturing operations from Mexico to the Texas location.
    • Whirlpool; Total jobs reshored: 2,165; States benefiting: Ohio; Industry: Electronics, electrical equipment; Headquarters: Benton Harbor, Michigan; Since 2010, Whirlpool has announced several efforts to consolidate its overseas operations within the U.S. that will add up to an estimated 2,165 reshored jobs for domestic manufacturing workers. Most recently, in January 2018 Whirlpool announced it would be adding 200 full-time employees to its facility in Clyde, Ohio. The news came shortly after the Trump Administration announced safeguard tariffs on large imported residential washing machines, a move projected to reduce import competition from Whirlpool rivals Samsung Electronics and LG Electronics.
    • General Electric; Total jobs reshored: 2,656; States benefiting: Alabama, Arkansas, Illinois, Kentucky, North Carolina, New York, Ohio Industry: Industrial machinery; Headquarters: Boston, Massachusetts; Since 2010, General Electric has announced domestic capital investments that are projected to add approximately 2,700 jobs to the U.S. manufacturing workforce. Much of the reshoring efforts are based around Appliance Park, a newly renovated production facility in Louisville, Kentucky, and shifting the production of bottom-mounted refrigerators and front-load washing machines from China and Mexico to the U.S. According to GE, reasons for the move include lower transportation costs, a more qualified workforce, and significant tax incentives by state and local governments.
    • Dow Chemical; Total jobs reshored: 2,900; States benefiting: Louisiana, Michigan, Texas; Industry: Chemicals; Headquarters: Midland, Michigan; In March 2015, Dow Chemical announced plans to invest $6 billion in its manufacturing plants in Texas and Louisiana in an effort to capitalize on lower domestic natural gas prices. According to a Dow executive, the increase in U.S. fracking activity has created significant investment prospects for chemical producers in the United States that will pay off in the next several years. The Gulf Coast reshoring effort is largely focused on the production of ethylene, propylene, and chemical derivatives used in packaging. The company’s reshoring efforts announced over the past several years are projected to retain or add approximately 2,900 manufacturing jobs to the U.S.
    • Intel; Total jobs reshored: 4,000; States benefiting: Arizona, California, Oregon; Industry: Semiconductors & other electronic components; Headquarters: Santa Clara, California; In 2011, Intel announced plans to hire 4,000 U.S. workers and build a $5 billion microprocessor plant in Chandler, Arizona. Known as Fab 42, the plant will use the 7-nanometer production process and is projected to be the most advanced, high-volume microprocessor plant in the world. While the facility was completed in 2013, its opening was stalled for several years. In February 2017, however, Intel announced plans to open the facility with a total investment of $7 billion and the direct hiring of 3,000 high-tech, high-wage workers. The tech giant projects the plant will be completed in the next two to three years, and will indirectly lead to the creation of roughly 10,000 jobs throughout Arizona.
    • Ford; Total jobs reshored: 4,200; States benefiting: Indiana, Illinois, Ohio, Michigan, New York; Industry: Motor vehicles & parts; Headquarters: Dearborn, Michigan; In January 2017, Ford announced plans to cancel the $1.6 billion expansion of its Mexico production facility, instead opting to expand operations at its Flat Rock, Michigan facility with a $700 million investment projected to create 700 jobs. Similar reshoring efforts by the U.S. auto giant have been announced over the past eight years, targeting facilities in Indiana, Illinois, Ohio, New York, and other parts of Michigan and totaling an estimated 4,200 new jobs for the domestic workforce. Like General Motors and Fiat Chrysler, Ford’s announcements were made amid pressure from the current administration to reduce investment overseas and increase capital investments in the U.S. manufacturing sector. While some analysts speculate the reshoring efforts are a response to the Trump administration’s push for domestic job creation, Ford representatives have noted that they were based on an initiative to expand its truck and S.U.V. model offerings for U.S. consumers, which was previously agreed to in a labor contract with the United Automobile Workers union.
    • Boeing; Total jobs reshored: 7,725; States benefiting: Missouri, Montana, South Carolina; Industry: Aerospace & defense; Headquarters: Chicago, Illinois; Over the past several years, Boeing has rapidly expanded its U.S. workforce at various manufacturing plants throughout the East Coast. Boeing began operations at a new plant in Charleston, South Carolina in 2011 that manufactures 787 Dreamliner planes. Boeing also recently moved parts of its production of the new 777X plane from overseas to its St. Louis facility. The first 777X is projected to be completed by December 2019. According to the Reshoring Initiative, since 2010 Boeing has announced plans to reshore approximately 8,000 jobs, the most of any U.S. company other than General Motors and Apple.
    • General Motors; Total jobs reshored: 12,988; States benefiting: Michigan, New York, Tennessee, Texas; Industry: Motor vehicles & parts; Headquarters: Detroit, Michigan; Over the past several years, General Motors has made several announcements regarding various reshoring efforts that will boost employment at its plants in Michigan, New York, Tennessee, and Texas. The largest announcement came January 2017, when GM made public its plans to add or retain 7,000 jobs in the U.S. over the next few years. One of the major reshoring projects will be the shifting of approximately 600 jobs from an axle production plant in Mexico to a new facility in Arlington, Texas. GM’s reshoring efforts announced since 2010 amount to roughly 13,000 jobs, the most of any U.S. company other than Apple.
    • Apple; Total jobs reshored: 22,200 jobs; States benefiting: Texas, TBD; Industry: Computers, office equipment; Headquarters: Cupertino, California; In January 2018, Apple announced plans to invest over $30 billion in capital expenditures in the U.S. over the next five years. As part of the investment, Apple is increasing its commitment to its Advanced Manufacturing Fund — used to invest in U.S. manufacturing companies and boost the domestic manufacturing sector — from $1 billion to $5 billion. The move is projected to create over 20,000 new jobs at Apple’s existing campuses and at a new office location which has yet to be announced. Apple’s job creation announcement comes amid criticism aimed at the company for its outsourcing of manufacturing jobs to China, and accusations that it has dodged U.S. taxes by keeping some $250 billion overseas. A March 2017 press release from Apple claims the company supports some 4.8 million jobs in China, compared to 2.0 million in the U.S.
    • SoftBank $50B
    • Exxon $20B
    • Hyundai $3.1B
    • Bayer AG $8B
    • Toyota $600M
    • LG $250M
    • Also, certain industries are integral to the security of the U.S.A (i.e. steel, aluminum, minerals, energy, food, technology, etc.). Several companies are bringing business and money back to the U.S.A.
    • Many companies have also cited Walmart’s pledge to buy $250 billion of American-made products between 2013 and 2023 as a primary reason for shifting operations to the United States. The pledge has reduced some of the risk of relocating production to the United States and has helped companies such as Element Electronics, which won a contract with Walmart shortly after opening a small flat-screen television plant in Michigan, make the decision to reshore.
    • Source: www.tcpalm.com/story/money/business/2018/06/28/manufacturers-bringing-most-jobs-back-to-america/36438051/
    There are good reasons to return to the U.S.A., now that the corporate tax was lowered from 35% to 21% (nearer to the global average of about 20% for corporate taxes). A corporate tax rate of 35% was one of the highest corporate taxes in the world, and it was driving corporations and jobs out of the U.S. for decades.
Posted by: d.a.n at November 4, 2018 10:40 AM
Comment #433917

Some Democrats are absolutely going insane over good economic news.
They search hard to find anything negative, and then conflate it to mean that the end of the world is near.

  • Dow Jones Industrial for 2 years from JAN-2017 to NOV-2018
  • 27.0K |____________________________________________________
  • 26.5K |____________________________________________________
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  • 25.5K |____________________________________________________
  • 25.5K |________________________________________0_________0_
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  • 24.5K |________________________________0____0______________
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  • 23.5K |____________________0_______________________________
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  • 20.5K |_______0____________________________________________
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  • 19.5K |0________________________________________________________________
  • 19.0K |JAN17 APR17 JUL17 OCT17 JAN18 APR18 JUL18 OCT18 NOV2018 ___ YEARDATE
IF things get much worse, will it make phx8 happy tool like it will make Bill Maher happy?
What kind of person hopes for failure for the U.S., merely so that it will make a political opponent look bad?
For example, Bill Maher, who acknowledged that the economy was “going pretty well”, said his hope was that the economy would tank, so that it would hurt Trump politically:
Bill Maher said: “I feel like the bottom has to fall out [of the economy] at some point. And by the way, I’m hoping for it. I think one way you get rid of Trump is a crashing economy.”
It appears phx8 is also hoping for the economy to tank?

The stock market is only one of many Major Leading, Lagging, and Coincident economic indicators:

    Leading Indicators:
  • (1) Stock Market
  • (2) Manufacturing
  • (3) Inventory levels
  • (4) Retail Sales
  • (5) Buidling Permits
  • (6) Housing Market
  • (7) New Business Start-ups
    Lagging and/or Coincident Indicators:
  • (01) Changes in GDP
  • (02) Income & Wages
  • (03) Unemployment Rate
  • (04) CPI (inflation rate)
  • (05) Currency Strength
  • (06) Interest Rates
  • (07) Corporate Profits
  • (08) Balance of Trade
  • (09) Value of Commodity Substitutes to U$D.
  • (10) National Debt & Debt to GDP ratio

Posted by: d.a.n at November 4, 2018 11:43 AM
Comment #433920

Many thanks to d.a.n. for all the information on the economy and jobs he shared.

Posted by: Royal Flush at November 4, 2018 4:14 PM
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