Category Archives: Economy

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WND Exclusive – What Bezos isn’t buying enough of: Politicians

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There are two ways to develop a monopoly in America. One way is based upon capitalism, freedom and the free market.

This is the more transparent approach, but it also doesn’t have as much staying power, due to competition – the constant striving of others to build a better mousetrap, if you will. And despite what we think and are told, there is always a better mousetrap around the corner. This way is also much more difficult, for one has to remain on top of his game not only to achieve the goal of becoming a monopoly, but to maintain it. read more

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Video Podcast – Democrat Hypocrisy Alert – New VA Secretary David Shulkin

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A democrat Senator has been caught investing in a business that has outsourced jobs to Mexico, while authoring legislation aimed against outsourcing jobs.

New V.A. Secretary David Shulkin is getting things done and it’s been only six months. read more

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Innovation can not be Statically Scored

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by: the Common Constitutionalist

Mark Levin had a great point the other day when he was a guest on Fox News. Of course, when does Levin not make great points. He was debating Eric Bolling over whether the Republicans should go ahead and repeal Obamacare without a replacement bill.

Naturally the debate shifted to the elephant in the room – the CBO scoring of the Senate healthcare bill which stated that 22 million fewer people will go without healthcare should their bill pass.

Now, to most other guests, this predicament would see the them stammering or trying to change the subject. Not Levin.

He said the Insurance companies will immediately begin offering plans like a-la-carte and bare-bones catastrophic plans. Plans that people actually want and can afford. He added that these companies may already have them waiting in the wings – that there’s just too much money out there for companies to just ignore. In other words, entrepreneurs will step in to fill the gap as rapidly as they are allowed.

This is the beauty of America ingenuity and innovation. The need for insurance will be filled, and it will be better and cheaper than with government heavy-handedness. read more

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Podcast – Global Debt at Record Level – Smartphones can Damage the Neck and Back

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The world is teetering on the edge of a global financial meltdown. That’s a bit of a downer, isn’t it? But unfortunately it’s true. Global debt has risen to a new record of $217 trillion. That’s almost a quarter of a quadrillion – an unimaginable number. Even worse – it may be too late to fix it.

Smartphone users may be affecting the long term health of our necks and backs due to protracted use of smartphones while walking. And it also makes all look like 80 years olds – shuffling down the street, trying to avoid running into, or falling into something. read more

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EU Targets Another American Company – Because They Are American

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from IBD:

The European Union has once again kicked a giant U.S. tech firm in the shins in yet another pathetic fit of jealous pique. Last time, it was Apple (AAPL), supposedly because it didn’t pay enough taxes. This time, it’s Google, largely because, well, European companies just can’t compete.

The EU’s so-called Competition Commission — whose name suggests the same level of irony as the Ministry of Truth did in George Orwell’s “1984” — says that Alphabet(GOOGL) subsidiary Google must cough up a record fine of $2.7 billion because Europe’s homegrown firms can’t compete.

“Google abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors,” said the EU’s top antitrust bureaucrat, Margrethe Vestager. “What Google has done is illegal under EU rules.” read more

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The Fight for 15 is Decimating the Workforce

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by: the Common Constitutionalist

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Yesterday, Rush Limbaugh reminded us of something we may have forgotten. It hasn’t been in the news lately, and with all else that is happening, it’s easy for we who write about this stuff, not to follow-up.

Rush updated us on the infamous “Fight for $15” movement, and how it is the gift that just keeps on giving.

Actually, more accurately put would be the gift that just keeps on taking – as in jobs and businesses.

You may have heard from Rush, or many other internet sites, that McDonalds is currently replacing 2,500 jobs in the U.S. with self-service kiosks. And this is only the beginning. Next year they plan to roll out another 3,000. You might surmise that this is 5,000 jobs being replaced. It’s likely to be many more.

Remember that human workers are at the restaurant for usually 8 hour shifts. Robots don’t have shifts, so they don’t need to be replaced by another human for the next shift. They work 24 hours a day, every day. These kiosks can potentially replace most all shift cashiers. In other words, that 5,000 could easily double or triple.

And to add insult to injury, McDonalds has plans to roll out mobile ordering across 14,000 U.S. locations by the end of 2017. This is sure to be a huge hit – and cause many more layoffs.

It’s like judgment day in The Terminator 3, when, with one keystroke of a computer terminal, machines became self-aware and began taking over the Earth. read more

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There Can be NO Renegotiation of the Paris Wealth-Distribution Treaty

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by: the Common Constitutionalist

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President Trump has officially pulled us out of the Paris Wealth-Distribution Treaty. Hooray for the President!

Yesterday, as many have heard, Trump said: “In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris Climate Accord…”

Well that’s terrific, or at least it would have been if he had ended there and simply said “thank you and have a nice day.” But he didn’t. His campaign promise was to pull out completely and leave it at that.

Yet he kind of left the door open by next saying: “…but begin negotiations to reenter either the Paris Accord or really an entirely new transaction, on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers…”

Well, kudos to the President for mentioning “its taxpayers.” When have we heard a President mention the people who fit the bill when discussing international affairs? I certainly don’t recall a time. read more

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Trump’s Budget Cuts NO Spending

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by: the Common Constitutionalist

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President Trump has released his fiscal 2018 budget proposal and it seems the world may end because of it – maybe as early as Memorial Day.

Republicans and Democrats couldn’t wait to get to the nearest microphone or reporter to wail about draconian budget cuts to this or that department. Both Parties are nauseatingly hyperbolic. This we expect from the socialist Dems, but some of the Republicans are equally insane.

The Huffington Post reports of Lindsey Graham going off the deep end over proposed cuts to the State Department.

“Sen. Lindsey Graham (R-S.C.) said Tuesday that if ‘fully implemented,’ President Donald Trump’s proposed cuts to State Department funding would lead to ‘a lot of Benghazi situations,’ writes the HuffPo. Graham also said the U.S. can’t win wars ‘with hard power alone,’ referring to an approach focused on the heavy use of military force.”

What an idiot. How else do you win wars you weenie? Through diplomacy? The State Department could be dissolved tomorrow and we’d all be the better for it. They are useless.

Now I would expect this type of aggrandizement from the Democrats, for whom there will never be enough cash, no matter how much is offered up. But the Republicans are supposed to be different – are they not? Evidently not. When it comes right down to it, there is really only one difference between Republican and Democrat budgets, and that’s the size of the taxpayer soaking. read more

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Taxpayers Lose Again with the Stop-Gap Spending Bill

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Shut It Down: Republicans Chicken Out Yet Again

This big spending sellout is what Trump voters voted for?

from The American Spectator:

There was a reason that FDR opposed the unionization of public sector workers. Rather than the natural negotiation tension between a company owner and an employee in which the owner is trying to conserve his capital while the employee across the table tries to get as much as he can, when a politician or bureaucrat is negotiating with a public sector union, they’re both on the same side of the table, spending taxpayers’ money, usually without a taxpayer representative anywhere nearby. It’s a recipe for fiscal disaster and perhaps national economic suicide.

The same is true, as proved this weekend, when Republicans and Democrats, having colluded to put off legislation needed to “keep the government open” until the waning days of existing federal spending authority, crafted a “deal” in which taxpayers are utterly betrayed. Government by emergency is never good for the taxpayer, and this emergency was, as so many are, a product of bipartisan conspiracy. read more

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Of Promises Broken – President Trump Signs Stop-Gap Spending Bill

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by: the Common Constitutionalist

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All you need to know about this stop-gap, $1.070 trillion non-budget budget that was passed over the weekend and signed by president Trump, is that Chuck Schumer likes it.

Senate Minority Leader Chuck Schumer, D-N.Y., praised the budget deal as a “good agreement for the American people,” that “takes the threat of a government shutdown off the table.”

“The bill ensures taxpayer dollars aren’t used to fund an ineffective border wall, excludes poison pill riders, and increases investments in programs that the middle-class relies on, like medical research, education, and infrastructure,” Schumer said in a statement. “Early on in this debate, Democrats clearly laid out our principles. At the end of the day, this is an agreement that reflects those principles.”

Chuckie Schumer is scumbag and a weasel, but he isn’t wrong. Democrats did clearly lay out their principles, and the agreement did in fact reflect their principles. It also laid bare the Republicans crystal clear lack of principle, or at least what we thought were Republican principles. Turns out they have none. At least none worth fighting for.

Some say Schumer and the democrats are shrewd to have played Trump and the Republicans. I would disagree. The Democrat Party is the party of Sheila Jackson-Lee, Maxine Waters, Hank Johnson, Al Franken and many others. None of these could be mistaken for shrewd. But they don’t have to be. They only have to be bullies. Minority or majority – it matters not to them as they continue to dictate the terms of Republican surrender. read more

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