Category Archives: Economy

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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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If the Government Shuts Down – America Will Cease to Exist

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by: the Common Constitutionalist

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Once again America faces disaster. Yes – as of midnight this Friday the government will SHUT DOWN and America will cease to exist. At least that’s the way it is always portrayed.

Senate Minority Leader Charles “Chucky” Schumer seem cautiously optimistic as he stated  that, “We’re making great progress on funding the government, avoiding a shutdown.” He did add that, “Our worry is that the president will come in and insist on certain things that couldn’t get the support of everybody.” He doesn’t need the support of everybody Chucky – least of all, you.

One of those “certain things” is of course the down payment to begin construction of on the Southern Border Wall. Trump is asking for $1.4 billion. Wow – that’s a lot of money – isn’t it. Why no – no it’s not. It’s chicken feed – not even a rounding error for the federal government.

The current annual budget to “run” the federal government is $3.8 trillion, or $3,800 billion. $1.4 billion is about 4/10000 of the budget. It would be easy to find that paltry sum. Put another way: Say you make $50,000 a year. That $1.4 billion is equivalent to $20. Can you spot me a 20?

But that isn’t the point about a shutdown – any shutdown. read more

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The Robots are Coming – and Sooner Than We Think

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by: the Common Constitutionalist

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Remember the “Fight for 15,” the big progressive plan to raise the minimum wage to the arbitrarily chosen hourly base of 15 dollars? And recall that we free-market conservatives have been arguing that a mandated wage hike will not end well?

Already, the hike has taken a toll on some cities. Local and State minimum wage hikes are forcing restaurants and like service industry employers to raise their prices and/or lay off staff. Other businesses are closing up and relocating outside of cities to avoid the mandated pay hike.

Governments – federal, state and local, bowing to the pressure of a tiny minority of radicals, know not what they do.

Governments and radical activists create static charts and models showing how a massive minimum wage hike will benefit “the workers.” They never consider how the mandates will affect the employers – nor do they seem to care. They don’t understand that the private sector cannot just vote themselves more money to pay for the wage hike and further crushing regulations.

So instead of subserviently complying with government overlords, companies of all kinds are seeking to find ways around these crushing big brother decrees. And just like everything else in life – leave it to private sector innovators to find a path around Nanny State mandates. read more

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The Border Wall – A Government Project That Will Actually Pay for Itself

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by: the Common Constitutionalist

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What if I were to offer you a sure-fire investment that would, if implemented properly, guarantee to at least double or triple your money in 3-4 years. The investment is so simple and straightforward – you could be completely hands off. You would not have to do a thing. It would require no monitoring of a fund or stocks – not even a yearly review, such as a mutual fund or IRA.

It would require nothing but an initial investment. Then just sit back and let others do the work. In a few years, reap the reward.

Okay – you may be saying – where do I sign? And by the way – what’s the investment?

Well – the investment is a pipe dream. It’s not real. There is no real investment which is that easy and simultaneously sure fire. Or is there?

Actually, yes there is, and we conservatives have been promoting it for years. It’s called building the Southern Border Wall and deporting the illegals already here. It’s been well established that the cost of illegal immigration to this country is north of $100 billion per year. And that’s just the normal governmental outlays. The $100 billion doesn’t include the cost of fraud being perpetrated on American citizens in the form of stolen identities or increased insurance costs and citizen job losses to illegals. read more

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WND Weekly Exclusive – How’s That Soda Tax Working Out?

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Oh Nanny Bloomberg. Just look what you started.

Recall when former NYC Mayor Michael Bloomberg decided to tax and/or regulate everything that wasn’t nailed down – limiting salt, taxing and limiting the size of those evil “sugary” beverages?

Well, in an effort to raise more money, cash-strapped cities across the nation are taking a cue from the mayor and instituting their own sweetened-beverage taxes. That’s the only drawback of progressivism. There just is never enough money to achieve greatness. You always need a little more – and a little more – and so on. read more

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Target Continues Its Decline

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On Wednesday Target Stores stock price closed at $57.83. It has cratered from its April 2016 high of $83.98. One thing I know from investing 101 is that you never look at a stock that is hopelessly lagging in a Bull Market. It is a sure sign of big underlying problems. And what is that problem? Oh – that’s right – an anything (and anyone) goes bathroom and changing room policy.

from Breitbart:

The stock value of transgender-champion Target Corp. crashed by 13.5 percent this week after the company’s sales again fell below investors’ expectations.

Target’s stock value is now down by 30 percent since it sparked a consumer boycott by embracing the transgender political agenda. That 30 percent drop has slashed investors’ wealth by roughly $15 billion.

On Tuesday, the stock fell to $58.78, down from its April 19 high of $83.98. In contrast, WalMart is up 3 percent since April, and Kohl’s is down less than one percent. read more

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My Weekly WND Exclusive – Impose Income Tax — on Robots?

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Back in 2015, the Fiscal Times wrote an article describing a fear Bill Gates had. “He may be one of the world’s pivotal computing pioneers, mentioned in the same exuberantly geeky breath as Steve Wozniak, Steve Jobs, and Tim Berners-Lee. His technological exploits may have earned him over $80 billion, making him the world’s richest man. Yet even Bill Gates is somewhat concerned about the potentially destructive power of technology.”

Point of order. Some claim Gates is no longer the richest. That moniker goes to a Spaniard Amancio Ortega, the owner of the Zara retail chain.

In the article, Gates describes his fear, like Elon Musk, of what they are calling superintelligences – “computers with cognitive and computational abilities that far surpass those of humanity.” read more

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Leftist Economist Paul Krugman is Like the Cleveland Browns

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by: the Common Constitutionalist

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Paul Krugman – Biggest Loser

My apologies to all you Browns fans.

For regular readers, you know I use a lot of football analogies. Well – here’s another.

Say you get permission from the NFL to create an expansion team – a brand new professional football franchise.

You, the owner, do your due diligence and hire who you feel is the best available Coach and General Manager.

The League office encourages other teams to aid your new franchise, lending their expertise and advice on various issues regarding football operations, free agency, the draft, etc.

One day you sit down with your new General Manager and Coach and start making calls to other teams for guidance. So whom do you call? And who do you not?

If you’re smart, you call the proven winners – starting with the New England Patriots (of course), then move on to the Steelers, Broncos, Packers, Cowboys and Giants. You seek out the proven winners – franchises that show up in the playoffs either every year, or at least most years.

Who you don’t call is the Cleveland Browns, the Buffalo Bills, or Jacksonville Jaguars. No offence, but why would you or anyone take advice on building a winning franchise from teams that rarely, if ever, win. read more

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