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Bad Idea, Bad News, Democrats, Economy/Economics, Fail, Politics
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Pelosi ‘Promises’ to Repeal GOP Tax Cuts When Dems ‘Retake’ House
by Shifra on April 5, 2018This is why we need to be very active in making sure the Democrats don’t get another chance, after eight disastrous years of Obama, to turn the US economy back into a dumpster fire. And since Nancy Pelosi has an net worth of over $43M, she doesn’t much use for “crumbs.” Via Free Beacon. House Minority Leader Nancy Pelosi (D., Calif.) on Wednesday said Democrats would seek to enact a “comprehensive” tax reform plan if they took Congress back from Republicans. Pelosi said at a town hall that the tax code needs to be completely reformed after Republicans passed their legislation last year, in a clip posted at NTK Network. She was asked whether Democrats would seek to change specific...
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Update on Pelosi’s Trump Economic ‘Armageddon’
by Tammy on January 4, 2018Yeah, looking pretty good to me! Via Drudge. Dow Industrials Cross 25000 for First Time US private sector added 250,000 jobs in Dec, vs estimate of 190,000: ADP Job-cut announcements in 2017 see lowest level since 1990, Challenger report says
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Stockton, CA Considers Hand- Outs, er, ‘Basic Income’ to Residents
by Shifra on October 20, 2017More Liberal idiocy from California. How ‘bout lowering taxes, stimulating the economy and increasing job growth? Via Breitbart. The city of Stockton, California, is planning to offer a basic income grant of $500 per month to poor residents, making it the first U.S. city to provide a guaranteed income. Mayor Michael Tubbs announced the program on Wednesday, according to Capital Public Radio. “This is not a handout, it’s a hand up,” he reportedly said. The program is to be privately funded by the Economic Security Project, which Capital Public Radio describes as “a network of researchers, elected leaders, and organizers” and which is run by Facebook co-founder and Barack Obama campaign veteran Chris Hughes. Stockton declared bankruptcy in 2012, a...
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Robots Are Replacing Fast Food Workers at New Shake Shack
by Tammy on October 3, 2017Another gigantic union success pushing for the $15-an-hour minimum wage and attempt to unionize fast food service workers. These jobs were originally meant for teenagers still living at home, serving as a first-time job experience. Now, with massive immigration, they’ve been taken over by adults with families. It’s just one example of how illegal immigration has so dramatically and negatively impacted the job market and wages. Great job liberals! Via NY Post. It’s the future of fast food bytes in the Big Apple. Robots will replace humans and cash won’t be accepted at a soon-to-open Shake Shack in the East Village, reps for the popular burger chain said Monday. Customers will place orders via an app and at touch-screen kiosks...
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Economist: 66 Countries Could End Poverty By Giving Citizens Free Money
by Shifra on June 7, 2017I’m not an economist (although I did stay at a Holiday Inn once), but just wondering: Will this free money come from the Money Tree? Via Business Insider. Foreign aid has its place in the quest to eradicate global poverty, but one economist believes free cash can go pretty far, too. John McArthur, senior fellow at the Brookings Institution, wrote in a recent blog post that 66 countries in the developing world could theoretically afford to end poverty tomorrow, just by awarding citizens direct cash transfers…. McArthur’s proposed solution involves empowering countries to do more with what they’ve already got. Relying partly on the World Poverty Clock, a real-time ticker of how many people live in poverty worldwide, McArthur finds...
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Trump Effect: US Weekly Jobless Claims Post Largest Drop in Almost 2 Years
by Tammy on April 6, 2017This is happening because of the creation of new jobs at a record pace since Trump became president. Like February, the March jobs report is remarkable, with 263K new jobs added (this will be official on Friday). And these aren’t Obama pizza delivering “service” jobs; these are manufacturing and professional positions, real jobs with real salaries with which you can provide for your family. Via Reuters. New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market. Initial claims for state unemployment benefits declined 25,000 to a seasonally adjusted 234,000 for the week ended April 1, the Labor Department said on Thursday. The drop was the...
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Trump Tells Agencies To Ease ObamaCare Burden, Orders Regulatory Freeze
by Tammy on January 20, 2017Via Fox News. In his first hours as president Friday, Donald Trump ordered federal agencies to “ease the burden” of ObamaCare while his chief of staff directed an immediate regulatory freeze. Trump was joined in the Oval Office by Vice President Mike Pence, Chief of Staff Reince Priebus and other top advisers as he signed the executive order on President Obama’s signature health law, which he opposed throughout his campaign. The order directs agencies to report back on what administrative measures are needed to dovetail with legislative reforms as Republicans seek to repeal and replace former President Barack Obama’s signature legislation. White House spokesman Sean Spicer also told reporters that Priebus would send a memo to all agencies ordering a...
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WSJ’s Henninger: Trump Gave “Excellent Speech” On Economy; Now Must Stay On Message
by Tammy on August 8, 2016Good analysis by WSJ Deputy editorial page editor Dan Henninger, hosted by Jon Scott. Via RCP. HENNINGER: I thought on balance it was an excellent speech. Look at the two things that people have most on their minds. The primary exit polls showed that people have most anxiety –on the Democrat and Republican sides– about the economy. Another thing that has come out of the polls is that between 60-70% of the American people think the country is on the wrong track. As a political matter, Trump’s speech addressed both of those issues, by linking Hillary Clinton to Barack Obama and the economic policies of the past, making people feel anxious. And then proposing a fairly detailed agenda going foward,...
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Socialism At Work: Venezuela Elites Bake $65,000 Cake… Masses Starve
by Shifra on August 2, 2016In George Orwell’s 1945 book, Animal Farm, the pigs who controlled the government proclaimed: All animals are equal, but some animals are more equal than others. A book probably unknown to the naïve fools who cried for Bernie Sanders. Via Twitchy. As Venezuelans starve and grocery store shelves stand bare, its government has spent tens of thousands of dollars to bake a massive cake for the birthday of dead dictator Hugo Chavez, according to Venezuelan press. La Patilla, a popular news website in the country that often writes in opposition to the socialist government, is reporting the more than 200-pound cake is built as an “architectural replica” of Chavez’s mausoleum. Socialism, the ideology of equality? Nope. Indeed, it seems the...
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Trump: Only ‘Dummies’ Believe Fed’s 5% Unemployment Rate, Closer To 20%
by Shifra on May 31, 2016If Donald Trump is elected president, watch for the Obama lapdog, er, watchdog media to immediately start reporting the true disastrous unemployment numbers. And of course they will blame Trump for it, while Obama chuckles… on the golf course. Fore! Via NY Post. Donald Trump, if elected president, will investigate the veracity of US economic statistics produced by Washington — including “the way they are reported.”…. “When you look at some of these [economic] numbers they give out and then you go out and see people dying to get a job all over the country, I mean, it’s not jibing with what’s really going on,” Trump said. “The economy is not doing well,” Trump said…. Trump says he thinks the...
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Hillary, Bad at Math and the Economy, Admits She Might Need Business Expert as VP
by Tammy on May 23, 2016As usual, Monica’s ex-boyfriend’s wife wasn’t explicit in her admission, but announces she’s “very interested” in considering “successful business people” for Vice President. So, we know she’d need Bill to handle the economy if she’s elected, and as backup I guess she’ll toss all the other business gobblygook over to the VP. Yeah, that’s the ticket! Question: Is she bad at math, lazy, or clueless? Don’t feel sorry for Hillary, at least in prison she can take some math classes. Via Breitbart. Former Secretary of State Hillary Clinton is making news on who she would choose for Vice President, even though she hasn’t officially won the Democratic nomination. “The most important thing is to pick someone who you have absolute...
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Tammy On Varney & Co. Shares Some Stats On Obama’s War on Women
by Shifra on May 13, 2016Via the Varney & Co Facebook page. Sources and Background: Stephen Moore: The liberal war on women: Working women have gotten crushed under the weight of Obama policies During Mr. Obama’s six and a half years in office women have suffered steeper declines in take home pay than men have. Women have also experienced sharper declines in employment and a faster rise in poverty. The financial squeeze has been especially severe for single women. Since President Obama took office in 2009, median inflation-adjusted income for women has fallen by nearly 4 cents on the dollar, according to the Census data, versus slight gains for men. On Mr. Obama’s watch, 2 million more women have slipped into poverty. Wait a minute....
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Self-Driving Taxis May Hit the Road Within a Year
by Tammy on May 6, 2016Hmm. On one hand I like this because it removes the necessity of getting in a car with a stranger. On the the other hand I like the”sharing” economy and how it allows so many to be their own boss. Thoughts everyone? Via Scientific American. The world could get a glimpse of a futuristic transportation system in which people get around in self-driving electric taxis as soon as next year. General Motors Co. and Lyft Inc. will start testing self-driving taxis with real customers within a year in a pilot program that could include electric vehicles, a Lyft executive told The Wall Street Journal. Those looking to cut carbon emissions from transportation have called the combination a “best case scenario”...
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UC Berkeley Pushes $15 Minimum Wage, Cuts 500 Jobs After Law Passes
by Shifra on April 25, 2016Liberal idiocy. But I repeat myself. And hey, great job, UC President Janet Napolitano! Via IBD: Hundreds of employees at the University of California at Berkeley are getting schooled in basic economics, as the $15 minimum wage just cost them their jobs. Too bad liberal elites “fighting for $15” don’t get it. A week after California Gov. Jerry Brown signed the state’s $15 minimum wage boost into law, UC Berkeley Chancellor Nicholas Dirks sent a memo to employees announcing that 500 jobs were getting cut. Coincidence? Not really. Last year, University of California President Janet Napolitano announced plans to boost its minimum wage to $15 at the start of next school year, independent of the state law.Since UC Berkeley was...
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[Video] Swedish Economist Schools Sanders On The Ravages of Socialism
by Shifra on April 14, 2016Leftists, bless their hearts, are so child-like in their belief in unicorns and the “magic” of Socialism. But, unlike children, their beliefs have brought misery to millions of people. Via IBD: Election ’16: Socialist Bernie Sanders believes nations “like Denmark, like Sweden, and Norway” employ the welfare-state economic model that the U.S. should replicate. An economist from one of these countries shows how wrong he is. Sanders’ teenage infatuation with the European welfare state is well-documented. He’s convinced that America could learn from what those nations listed above “have accomplished for their working people.” He has said that it “makes a lot of sense” to him that “it is very hard to become very, very rich, but it’s pretty hard...
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