Categories
Corruption Economy Opinion Politics

Newsom does something right. Issues 138 offshore well permits.

Like a clock even the governor of California sometimes gets it right. Newsom issued 138 offshore well permits. “Governor Newsom has issued 138 permits for wells located offshore,” according to Kyle Ferrar, Western program coordinator for the FracTracker Alliance. “This includes five new drilling permits and 133 permits to perform work on existing offshore wells.

Onshore Newsom has issued over 9,000 permits. Knowing California has enough oil on and off shore, the governor needs to double what he’s already issued.

But California has two loon groups trying to send California back to the stone age.

Consumer Watchdog and FracTracker Alliance are among a coalition of groups calling on Newsom to issue a mandatory 2,500-foot setback between oil drilling operations and communities. Up to one mile would be preferable based on the evidence, they argue.

 

 

Categories
Economy Opinion Politics

Tesla moving corporate out of California. Plant to stay. For now.

Tesla is moving their corporate offices to Austin Texas. Their plants in California and Nevada will grow if all things work out. Let’s see if their loon governors intervene and add more taxes. This from NBC.

California levies some of the highest personal income taxes in the country on its wealthy residents, but Texas has no personal income tax.

Tesla is not the first company to its headquarters out of California to Texas. Oracle and Hewlett Packard are among the tech giants who decided to make that move last year, for example.

Musk said Thursday that Tesla is making great progress on the Austin-area factory, which the company has dubbed Giga Texas. The first vehicles are expected to roll out of the facility as early as this year, and the facility could bring more than 10,000 new jobs to Central Texas through 2022.

Categories
Biden Pandemic Economy Opinion Politics

So President Trump added 7 trillion to the debt. The U.S. budget deficit is expected to reach $3 trillion again this year, according to the Congressional Budget Office, a 33% increase from its previous projection as it takes into account President Biden’s massive coronavirus stimulus plan.

So President Trump added 7 trillion to the debt. The U.S. budget deficit is expected to reach $3 trillion  this year, according to the Congressional Budget Office, a 33% increase from its previous projection as it takes into account President Biden’s massive coronavirus stimulus plan. And that’s not counting the 5 trillion if Bidens two plans pass. But what about the Trump 7 trillion?

Fact Check.org a liberal fact checker says that Trump inherited almost 600 billion from Obama. And they say that 2.7 trillion were the tax cuts. That means over 3 trillion went to cover the COVID Pandemic.  Pandemic spending that almost every single Democrat voted for.

When Obama added almost 10 trillion, there was no outcry from the left. Why was that? The deficit for the first half of the budget year, from October through March, was up from $743.5 billion in the year-ago period, to 1.7 trillion this year the Treasury Department said in April.

 

 

Categories
Economy Food How sick is this? Opinion Politics

More than half of immigrants on welfare.

More than half of immigrants on welfare. Tell me if this doesn’t turn your stomach? That’s one reason so many of the undocumented are coming here.

More than half of the nation’s non-citizen population — including legal immigrants, foreign visa workers, and illegal aliens — use American taxpayer-funded welfare after arriving in the United States, a new analysis reveals.

Research by Center for Immigration Studies Director of Research Steven Camarota finds that about 55 percent of non-citizen households in the U.S. use at least one form of welfare compared to just 32 percent of households headed by native-born Americans.

The center’s report is based on 2012 data from the Census Bureau’s Survey of Income and Program Participation. It includes immigrants who have become naturalized citizens, legal permanent residents, those on short-term visas and undocumented immigrants.

Categories
Economy Opinion

Donald Trump told you not to sell your house. You should have listened. Lordstown Motors who bought auto plant from GM for 20 million sells it for 230 million.

Donald Trump told you not to sell your house. You should have listened. Lordstown Motors who bought auto plant from GM for 20 million sells it for 230 million. This auto plant at one time had 15,000 employees. After the Obama years they were down to 3,000. But before Obama left GM announced that 1,500 more were losing their jobs. When Trump came into office they announced that they were closing. Trump said don’t panic. 500 retired and about 500 transferred to other plants. The 500 who stayed are mostly glad they did.

During the Trump years almost 2,500 jobs were added. Another 2,000 or so will come within the next 6-8 months. Now Lordstown motors. They bought the plant that has 6.2 million square feet for 20 million. Sold it for 230 million. Plus the buyer invested 50 million in Lordstown motors stock. Buyer is Hon Hai Precision Industry Co.  They also will be manufacturing other electronic products in this plant.

They also own Foxconn. Foxconn who makes the Apple I phone for Apple. They will be manufacturing the Endurance for Lordstown motors.

One of the projects Foxconn will build at the Lordstown plant is Fisker Inc.’s Project Pear, which stands for Personal Electric Automotive Revolution, company CEO Henrik Fisker said in an interview. That model is scheduled to start production in the first quarter of 2024 with minimum planned production of 150,000 vehicles a year — and eventually 250,000 annually, he said.

Fisker’s CEO said he doesn’t want to reveal too much about the design of his company’s Project Pear except to say that it will target young urban dwellers and sell at a starting price under $30,000.

Fisker Pear

Lordstown Endurance

In April, Foxconn drastically scaled back a planned $10 billion factory in Wisconsin, a project former U.S. President Donald Trump once called “the eighth wonder of the world.”

Foxconn reduced its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000. It had proposed a 20-million-square-foot manufacturing campus in Wisconsin that would have been the largest investment in U.S. history for a new location by a foreign-based company.

 

Categories
Biden Pandemic Economy Life Opinion Politics Science

Define stupidity. Biden’s EPA.

Define stupidity. Biden’s EPA. Yes my friends we have new criminals that are lurking and you didn’t know it. Thank the lord for the EPA.

The Biden administration finalized its first new climate rule Thursday, slashing the use of powerful greenhouse gases widely used in home refrigerators and air conditioners and often found to be leaking from U.S. supermarket freezers.

What’s hilarious is that White House officials said the new rule tackles global warming while supporting jobs to manufacture new alternatives. So what happens to the jobs lost? If they come up with new technology, will we still have the same number of jobs? And what issues does the new technology create?

Here’s what’s behind this. Biden issued an executive order in January that embraces a 2016 amendment to the 1987 Montreal Protocol on ozone pollution. That amendment calls for the United States and other large industrialized countries to reduce HFCs by 85% by 2036. The State Department has prepared documents for formal ratification of the amendment, but the White House has not submitted them to the Senate.

 

Categories
Economy Opinion Politics Reprints from others.

Democrats blocked from including immigration reform in party-line spending bill.

The whole Politico article can be found here.

Democrats blocked from including immigration reform in party-line spending bill. As you know Progressives are always thinking of ways to increase their base and win elections. They know that the majority of mainstream don’t support them So import them.

In the decision, a copy of which was obtained by POLITICO, the parliamentarian determined that the Democrats’ proposal is “by any standard a broad, new immigration policy” and that the policy change “substantially outweighs the budgetary impact of that change.”

In their arguments before the Senate parliamentarian, a former immigration attorney, Democrats made the case that providing green cards to an estimated 8 million Dreamers, farmworkers, Temporary Protected Status recipients and essential workers during the pandemic had a budgetary impact because it would make more people eligible for certain federal benefits.

But the parliamentarian stated in her ruling that providing legal status through reconciliation would also lead to “other, life-changing federal, state and societal benefits” that can’t be meaningfully reflected in the budget. In addition, the parliamentarian rejected arguments from Democrats that there is a precedent for including immigration reform in reconciliation. 

 

Categories
Biden Pandemic COVID Economy Opinion Politics

My two cents. So Joe has a bad week, several crisis, and he does what? He goes to the beach.

My two cents. So Joe has a bad week, several crisis, and he does what? He goes to the beach. Don’t get me wrong if you’re going to the beach, Rehoboth isn’t a bad choice. Been there many a time. But I’m not the President and I’m certainly not the reason we have so many problems.

Some may say after his bad week Joe needs some time off. Who cares if he’s only been in office nine months and been on vacation a dozen times. Joe messed up the Border, Evictions, Economy, Afghanistan Retreat, and the COVID Mess. So go easy on him. Not every one can screw up like that

Polling is in the toilet, and the budget proposal is sinking fast. Plus the Republicans will fight Joe on the debt ceiling. What else can go wrong? Any body need a booster shot?

 

Categories
Biden Pandemic Economy Opinion Politics Reprints from others.

Biden’s Proposed Tax on Oil, Natural Gas Will Cost Economy $9.1B, 90,000 Lost Jobs

Why it’s a Bad Idea to Hike Taxes on America’s Energy Producers. Biden’s Proposed Tax on Oil, Natural Gas Will Cost Economy $9.1B, 90,000 Lost Jobs.

Take just one state. California. California’s natural gas and oil industry supports 1053,000 jobs, contributes $189.1 billion to the state economy, and provides the state $2.6 billion in wildlife conservation funding. Does anyone think that solar can replace that?

Let’s set the record straight: natural gas and oil companies do not get special tax treatment.  

The truth is that America’s energy companies pay their fair share, and support over 10.3 million jobs right here at home. Every job in natural gas and oil supports another 2.7 jobs in other sectors. And rather than getting special tax treatment, the effective tax rate for natural gas and oil has been historically higher than electric utilities, banks, airlines, and several other large industries. 

America’s natural gas and oil producers are able to creates tens of millions of jobs because of a tax code that levels the playing field across all industries and allow natural gas and oil to invest in new technology. See video below.

America is on its way to recovery. That’s why we need to stop these short-sighted tax hikes now, to keep our recovery moving.  

Categories
Biden Pandemic Economy Opinion Politics

Who’s Really Not Paying Their ‘Fair Share’? About 61% of American households—more than 100 million of them—paid no federal income tax last year.

Who’s Really Not Paying Their ‘Fair Share’? About 61% of American households—more than 100 million of them—paid no federal income tax last year. First thing that the pundits on the left say it’s because of COVID. And when COVID diminishes?  The share of non-payers will decline to about 102 million or 57 percent this year.

And what about the so called rich? The top 20% of taxpayers paid 78% of federal income taxes in 2020, according to the Tax Policy Center, up from 68% in 2019. The top 1% of taxpayers paid 28% of taxes in 2020, up from 25% in 2019.

What sense does this make? “Imagine somebody who would have owed $1,500 in 2020 income tax until they got two stimulus payments — $1,200 in April and $600 in December,” he said. “That threw them into the category of non payers.