2020 Election, Democrats, Economy/Economics, Just Wrong, Politics
Joe Biden’s Econ Lie Based on Misleading, Cherry-Picked Databy Shifra on October 5, 2020
The Dem talking point “more jobs were created in the last three years of the Obama presidency than under Trump’s first three years” omits a basic fact: Under the first three years of the Trump Administration, unemployment was so low that it was difficult to add jobs…when just about everyone was already working. So no, there was no “Obama-Biden” recovery. Hey Joe, who’s the liar? Via NY Post. ….“You talk about the economy booming,” moderator Chris Wallace told Trump at this week’s presidential debate. But “in Obama’s final three years as president, more jobs were created, a million and a half more jobs, than in the first three years of your presidency.” Wallace was echoing one of the Biden campaign’s...
Why Bernie’s Call For 60% Tax On Billionaires’ Wealth Is A Bad Ideaby Shifra on August 11, 2020
Confiscating, er, taxing 60% of the wealth of U.S. billionaires is really dumb. Unless you are a total ‘economics – illiterate,’ or an old Communist, er, Socialist Senator from Vermont. But I repeat myself. Via Issues & Insights. Senator and former presidential candidate Bernie Sanders has another bright socialist idea: A 60% wealth tax on billionaires to pay for nationalized health care for a year. Such nuttiness would be easy to ignore were it not for the fact he’s now the driving intellectual force behind Joe Biden’s basement-based presidential campaign. As any economist worth his salt will tell you, a wealth tax is perhaps the most pernicious tax, since it punishes people retroactively for their hard work, thrift and smart...
NBC’s Chuck Todd Celebrates ‘Good Thing’ About Economic Crisis: Clean Air, Viewsby Shifra on April 27, 2020
Over 55,000 deaths, millions suddenly without a paycheck, small (and large) businesses ruined, credit card customers can’t pay their bills and lenders are bracing for the impact, people lining up in food lines, but yes, let’s “celebrate” the air and views, shall we, Chucky? Via Daily Wire. ….During a Sunday broadcast of “Meet the Press,” Chuck Todd closed out a segment by welcoming viewers to take pride in the clear skylines that are now happening due to everyone being forced indoors and not going to work…. And, comments on Twitter were not kind to Chuckles: Millions of people and families are out of money and going hungry, Chucklehead. Dump ur savings and paycheck for six weeks and see what you...
Public Podcast: The “Weekend Update” 3-29-20by Tammy on March 30, 2020
Normally exclusive media for our subscribers, with everything going on I decided to make this podcast public. I hope you find it useful, informative and on occasion entertaining. The Tammy Podcasts are made possible by subscribers, and we’d love to have you join us. For more information click here. Thank you!
Sanders: ‘Billionaires Shouldn’t Exist,’ Plans Confiscating Half Their Wealthby Shifra on September 24, 2019
Bernie Sanders’ net worth is over a million dollars, so maybe ‘millionaires shouldn’t exist’ and we should confiscate half his assets? I hear his $600,000 beach house is lovely this time of year. Via Business Insider. Sen. Bernie Sanders rolled out a plan to tax the wealth of the nation’s ultra-rich on Tuesday, going further than his Democratic primary rival Sen. Elizabeth Warren with his proposal that could greatly erode the fortunes of billionaires with steep taxes. Sander’s wealth tax is more aggressive than Warren’s given its wider scope and scale. It would impact more households, levy a higher marginal tax rate, and ultimately bring in more money for government coffers to help pay for some of his ambitious proposals...
WSJ: Elizabeth Warren Calls Herself ‘Capitalist To The Bones’… She’s Not.by 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....
When You’ve Lost CNN: ‘Warren’s Economic Plan Could Create A Crisis’by 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...
Progressives Panic: Ocasio-Cortez’s Ignorance Will Hand Trump A 2020 Winby 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...
WaPo: Kamala Calling Trump Tax Cuts Middle ClassTax ‘Hikes’ *Nonsensical*by 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...
Sheila Jackson Lee Calls For Reparations Bill to ‘Repair Damage’ Caused By Slaveryby 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,...
How Great Is Job Market Under President Trump? Employers Hiring… Over The Phoneby 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.”...
Bernie Sanders Wants To ‘Stop Walmart’ Because… Socialism!by 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...
Academics Call For End To Economic Growth… And To Plan For ‘Wealth Distribution’by 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...
New Hiring Policy In Booming Economy: No Degree/Experience Requiredby 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,...
Bad News for Dems: Household Income Hits All-Time High, Trump Getting Credit For Itby 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....