2020 Election, Bad Idea, Democrats, Disaster, Dumpster Fire, Economy/Economics, Fail, Just Wrong, Liberal Idiocy, Politics
Shifra on August 12, 2019
On the Tucker Carlson Show last month, Peter Thiel, when asked about the 2020 Democrat candidates, said he is “most scared by Liz Warren.” Thiel is right, and here’s why: Via WSJ. Elizabeth Warren’s favorite image for businesses is that they “suck” profits out of American society like vampires. Her latest targets are private-equity firms that invest in struggling companies, often replace management and bet on a turnaround. She wants to put them out of business. “The Stop Wall Street Looting Act,” as Ms. Warren calls her new bill, would impose new taxes, legal liabilities and regulations that would make it more costly and risky for investors to try to revive businesses. It would also effectively rewrite the bankruptcy code....
Shifra on July 23, 2019
Yes, that was a pig flying by your window just now; CNN actually gave an honest, unbiased assessment of a Dem 2020 candidate’s proposals for the economy. Hope she doesn’t lose her job. Via Free Beacon. CNN business reporter Cristina Alesci said Sen. Elizabeth Warren’s (D., Mass.) policy proposals could create the sort of financial crisis she is warning is around the corner. The 2020 Democratic presidential candidate published a prediction Monday saying that she has identified “warning signs” of a pending financial crisis similar to the one in 2008, calling the economy “precarious,” “built on debt,” and vulnerable to a number of shocks that could collapse it. “Two things that Warren is doing here,” Alesci said. “One, really playing...
Shifra on February 18, 2019
Did Alexandria major in economics? Because after the NYC-Amazon debacle, it looks like she majored in Lunch. She actually celebrated the loss of 25,000 jobs in NYC. And suggested that the $3B in tax credits that NYC was planning to give to Amazon should be invested in her district. Could someone please explain to Alexandria that a future tax credit is not the same thing as a pile o’ cash? Via Free Beacon. MSNBC’s “Morning Joe” broke away from its daily grievances with President Donald Trump Friday to accuse Rep. Alexandria Ocasio-Cortez (D., N.Y.) of economic illiteracy and helping reelect the president. For seven minutes Friday morning, the show’s hosts and guests worried that the self-proclaimed Democratic-socialist was flaunting her...
Shifra on February 13, 2019
If you look out of the window, you might see a pig fly by. And you can blame it on ‘Climate Change,” or something… Via Daily Wire. ….on Monday, The Washington Post’s fact checker refused to give Alexandria Ocasio-Cortez any Pinocchios for her blatantly false claims about her Green New Deal FAQ. Instead, the checker went after President Donald Trump. But also on Monday, the Post decided to actually fact check leading 2020 presidential nominee Sen. Kamala Harris (D-CA) over a tweet claiming that Trump’s tax cuts were actually tax hikes on the middle class. The tweet was referring to an Internal Revenue Service (IRS) report showing the average tax refund was down 8% compared with last year. “Boy, talk...
Shifra on December 31, 2018
Slavery remains a stain on our country’s history. The brutality of that era cannot be erased. But if Sheila Jackson Lee is serious about helping African-American communities, here’s an idea: How about working with, not “resisting,” President Trump’s success in revving up the economy, after eight years of an anemic, sluggish economy under Obama. Via PJ Media. Rep. Sheila Jackson Lee (D-Texas) told PJM that the federal government should conduct a study of reparations for descendants of slaves to be able to determine the best way to “repair some of the damage” that slavery has caused to the African-American community. Jackson Lee became the lead sponsor of H.R. 40, the Commission to Study and Develop Reparation Proposals for African-Americans Act,...
Shifra on November 21, 2018
Remember the so-called “new normal” two part-time jobs, sluggish economy under Obama? Well, it was not “normal,” and now, under the Trump Economy, eager employers are hiring, often after just one phone interview. Via WSJ. Want a job? Just pick up the phone. That’s what 22-year-old Jamari Powell did in September after applying to Macy’s outside Portland, Ore. He got an email within 12 hours of submitting his online application. The message: We’re calling soon, so answer the phone. After a 25-minute interview, Mr. Powell said he was offered a full-time seasonal sales job at $12.25 an hour. “It was a little weird,” he said. “You’re kind of like: ‘Is this real?’ It kind of feels like a scam almost.”...
Shifra on November 19, 2018
Under President Trump, unemployment is at record lows, consumer confidence is at an 18-year high. In short, the economy is booming. One would think Bernie Sanders might want to take a step back and try to understand that cutting taxes and deregulating the economy helped usher in the “Trump boom.” Ol’ Bern reminds me of the definition my father gave me when, at age ten, I asked him what the word “socialist” meant. He told me that a socialist is a stupid person who thinks he is smarter than everyone else. Via IBD. Socialism: Sen. Bernie Sanders, a self-declared socialist who’s never held a steady job outside government, thinks he knows better than CEOs how to run a business. And...
Shifra on September 20, 2018
Did these academics all get Ph.D.’s in Stupid ? Have they never heard of Venezuela? As reported in Business Insider, in 2017, Venezuela’s economy was 35% smaller than it was in 2013 in terms of gross domestic product and 40% lower in GDP per capita terms. Now, people are starving, medicine is scarce, and classrooms are nearly empty as their crippling economic crisis that has left many families unable to afford supplies or provide their children with enough food to focus on schoolwork. But: “Wealth Distribution”… Or something. Via Daily Caller. More than 200 academics signed onto a public letter calling on governments to eschew economic growth in order to plan for a “post-growth economy” based on wealth redistribution. “For...
Shifra on August 8, 2018
A job market where you can snag your dream job with few requirements. Thank you, President Trump. Via WSJ. Americans looking to land a first job or break into a dream career face their best odds of success in years. Employers say they are abandoning preferences for college degrees and specific skill sets to speed up hiring and broaden the pool of job candidates. Many companies added requirements to job postings after the recession, when millions were out of work and human-resources departments were stacked with résumés…. “Candidates have so many options today,” said Amy Glaser, senior vice president of Adecco Group, a staffing agency with about 10,000 company clients in search of employees. “If a company requires a degree,...
Tammy on May 24, 2018
It’s also bad news for Dems because this proves it’s the conservative ideal and approach in governing that improves people’s lives. There couldn’t be a starker contrast between Obama and Trump, proving that liberalism destroys and conservatism renews. Via IBD. Growth: A new report shows that the median household income has climbed 3% since President Trump took office. It’s another sign of a strong economy, and at least one poll shows the public credits Trump for the good news. Should Democrats wave bye to the Blue Wave? Median household income has been steadily increasing under Trump, rising from $59,471 in January 2017 to $61,483 last month, according to Sentier Research, which tracks income on a monthly basis using census data....
Shifra on April 5, 2018
This 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...
Tammy on January 4, 2018
Yeah, 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
Shifra on October 20, 2017
More 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...
Tammy on October 3, 2017
Another 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...
Shifra on June 7, 2017
I’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...