Category: Economy

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Economy

Here’s how you do infrastructure. Senate Republicans outline their own infrastructure plan — here’s what’s in it.

Here’s how you do infrastructure. Senate Republicans outline their own infrastructure plan — here’s what’s in it. No green garbage or elderly care. And no new taxes on the working men and women. User fees that everyone who drives pays. Also money from the bloated stimulus bill would be put to good use. Here’s how the money will be spent.

  • $299 billion for roads and bridges
  • $65 billion for broadband
  • $61 billion for public transit
  • $44 billion for airports
  • $35 billion for drinking water and waste water systems
  • $20 billion for railways
  • $17 billion for ports and inland waterways
  • $14 billion for water storage
  • $13 billion for safety measures

 

Categories
Economy Opinion Politics

Hundreds of Companies Unite to Oppose Voting Limits, but Others Abstain.

From left, Kenneth Frazier, the chief executive of Merck; Kenneth Chenault, a former chief of American Express; Mary T. Barra, who runs General Motors; and Kevin Johnson, who runs Starbucks.Credit...From left, Getty Images; Mike Cohen for The New York Times; Paul Sancya/Associated Press; Jason Redmond/Agence France-Presse — Getty Images

Full story can be found here.

Reprint. Hundreds of Companies Unite to Oppose Voting Limits, but Others Abstain. Don’t let this article fool you. Hundreds sounds like a lot. But when you see there are millions of companies, this is nothing. Some of the Corporations who refused to sign this worthless piece of paper? Coke, Delta, JP Morgan, Home Depot, Walmart, and Berkshire Hathaway ( Warren signed as an individual ).

Amazon, BlackRock, Google, Warren Buffett and hundreds of other companies and executives signed on to a new statement released on Wednesday opposing “any discriminatory legislation” that would make it harder for people to vote.

It was the biggest show of solidarity so far by the business community as companies around the country try to navigate the partisan uproar over Republican efforts to enact new election rules in almost every state. Senior Republicans, including former President Donald J. Trump and Senator Mitch McConnell, have called for companies to stay out of politics.

The statement was organized in recent days by Kenneth Chenault, a former chief executive of American Express, and Kenneth Frazier, the chief executive of Merck. A copy will appear on Wednesday in advertisements in The New York Times and The Washington Post.

Last month, with only a few big companies voicing opposition to a restrictive new voting law in Georgia, Mr. Chenault and Mr. Frazier led a group of Black executives in calling on companies to get more involved in opposing similar legislation around the country.

Since then, many other companies have voiced support for voting rights. But the new statement, which was also signed by General Motors, Netflix and Starbucks, represented the broadest coalition yet to weigh in on the issue.

“It should be clear that there is overwhelming support in corporate America for the principle of voting rights,” Mr. Chenault said.

The statement does not address specific election legislation in states, among them Texas, Arizona and Michigan, and Mr. Chenault said there was no expectation for companies to oppose individual bills.

“We are not being prescriptive,” he said. “There is no one answer.”

Mr. Frazier emphasized that the statement was intended to be nonpartisan, arguing that protecting voting rights should garner support from Republicans and Democrats alike.

“These are not political issues,” he said. “These are the issues that we were taught in civics.”

Yet in this hyperpartisan moment, the issue has become an all-out political battle, with big business caught in the middle. In just the last month, since companies started speaking out against the law in Georgia and legislation in other states, top Republicans have accused the corporate world of siding with the Democratic Party.

 

Just another Fake News Story.

 

Categories
Economy

President Trump’s tariffs work. Don’t believe me? Just ask Biden’s Commerce chief.

President Trump’s tariffs work. Don’t believe me? Just ask Biden’s Commerce chief. Also the Commerce Secretary admitted that Jobs were actually saved. Remember when Joe said China was our friend and only Russia was an enemy. But the Trump tariffs not only smacked China, it also saved American jobs. From the Secretary.

“With respect for tariffs, there is a place for tariffs,” she said. “You know, the 232 tariffs on steel and aluminum have, in fact, helped save American jobs in steel and aluminum industries.”

“First, we have to be honest which is to say China’s behavior is anti-competitive, coercive, their human rights abuses are horrific. And they need to be held to account for that,” she said, before addressing the effects of Trump’s tariffs directly.

“Let me say, those tariffs have been effective,” Raimondo explained. “The data show that those tariffs have been effective, and I think what President Biden has said is we’re going to have a whole of government review of all of these policies and decide what it makes sense to maintain.”

Even Biden came around after the election. “I’m not going to make any immediate moves, and the same applies to the tariffs,” Biden said during his December interview with the newspaper, additionally highlighting goals to better coordinate with allied countries. The president noted that “leverage” was necessary to approach further relations with China, adding, “in my view, we don’t have it yet.”

I remember the Progressive hate groups were upset that their allies were being punished. I guess Biden changed his mind after he found out that Hunter wasn’t offered a job as a CEO for a Chinese company.

 

 

 

Categories
Economy Life

You win in a legal settlement and you still are put in the back of the bus. Rosie O’Donnell’s New Jersey home to be demolished, turned into Partial affordable housing.

You win in a legal settlement and you still are put in the back of the bus. Rosie O’Donnell’s New Jersey home to be demolished, turned into Partial affordable housing. When I heard about this, I could not stop laughing. Rosie sells her house where the rich and famous live.

The hilarious part is the fact that a housing project is being put in the neighborhood where rapper Ja Rule and singer Mary J. Blige live. But you know the left can’t even do a housing project the right way. The poor are going to be walled in a segregated section. Away from everyone else.

An insider explained that of the 60 units in the plan, “only eight are set for low and moderate income and the developer will stick the eight units in the back corner of the property instead of integrating, so everyone will know these are the homes saved for the poor.”

The rich are pissed off cause you’re having housing put into a residential neighborhood. The poor are pissed cause they only get eight units when the original agreement called for 20% of the 60. Plus they will be in a segregated section. Jim Crow is alive and well in NJ.

Categories
Economy Opinion Politics

Put away the orange drink and the fried chicken. Amazon workers vote against organized slavery.

Put away the orange drink and the fried chicken. Amazon workers vote against organized slavery. That’s what the NY Times told us. So many on the left thought that the new wave of laziness was to bring back a threat of hanging out and getting paid. First target was Amazon Alabama. Why did they think that would be a good place to pick?

With 80% of the workforce being black, the Union thought that they would enjoy a job where they no longer had to think for themselves and have a two hour work day. Like their brothers and sisters in California unions. I guess the white suppression hoax failed big time.

Workers’ rejection of a union at Amazon.com Inc.’s warehouse in Bessemer, Ala., is a setback to organized labor’s efforts to reverse a decades long decline in private-sector membership nationally.

 

The Alabama result underscores unions’ challenges in increasing membership in the U.S. private sector, where they represent just 6.3% of workers, down from 24.2% in 1973, according to data from Georgia State University.

Categories
Economy

Sorry to burst your bubble but inflation is already here. Thanks Joe.

Sorry to burst your bubble but inflation is already here. Thanks Joe. One thing that’s being hid from us is the big swear word when it comes to the economy. Inflation. The fed, Biden Administration, and the MSM are doing a good job hiding it from us.

Look at housing and cars since January. Gasoline. Food. Big ticket items. We bought a new stove and dishwasher a few months back, they are up over $50.00 each. My Turkey bacon went up $.30 a lb.

This is just the beginning. As Joe keeps on adding more regulations, more items and goods will be going up. What say you?

Categories
Economy Opinion Politics

So how many new jobs did President Trump create last month? There were 916,000 jobs added. Thank You President Trump.

The man,myth, the legend.

So how many new jobs did President Trump create last month? 916,000. It will be interesting to see how strong the Trump train still is. Some were looking for as many as one million new jobs.

And how about the unemployment rate? President Trump has brought back over six million jobs that were lost because of the phony lock down.

Categories
Economy Opinion

ADP. He may not still be President, but he’s still creating jobs. Trump policies add 517,000 jobs in March.

The MAN, MYTH the LEGEND

ADP. He may not still be President, but he’s still creating jobs. Trump policies add 517,000 jobs in March. The increase in employment was particularly strong in areas that were hit hardest by the pandemic. Restaurants, hotels, theaters and other companies in leisure and hospitality ramped up hiring as governments eased restrictions on customer limits and hours of operation.

Manufacturers created 49,000 jobs in another strong showing. Old-fashioned heavy industry has led the U.S. recovery since last year. ADP revised its estimate of new private-sector jobs in February to 176,000 from 115,000. Unusually severe winter weather dampened hiring in that month.

 

Categories
Economy Opinion

What a swell guy. First Ford says that Joe made Mexico look much more inviting. Then we see that 770,000 more Americans filed unemployment claims.

What a swell guy. First Ford says that Joe made Mexico look much more inviting. Then we see that 770,000 more Americans filed unemployment claims. In 2019 President Trump pressured Ford and GM to commit to build in the US. Both said yes. GM so far has. Ford seeing the new taxes and regulations Joe Biden has plans of adding may have been too much. So they are heading south.

New weekly jobless claims rose to 770,000 for the week that ended March 13, the Department of Labor said Thursday. Economists surveyed by Econoday had forecast a decline to 700,000. The prior week was initially reported at 712,000 but was revised up to 725,000.

 

Categories
Economy Politics

Is inflation heading our way? Economists think so.

FREE MONEY!

Is inflation heading our way? Economists think so. In fact, many see inflation moving toward and perhaps a bit above the Federal Reserve’s 2% target rate that has been elusive for much of the past decade. The primary driver is an economic reopening fueled by more Americans getting vaccinated, which will cause upward price pressure in industries that were held back during the coronavirus pandemic.

Have you noticed how the price of gas has been rising? A dollar a gallon in my area. At the Fed’s meeting earlier this month, Chairman Jerome Powell acknowledged that the economy could see some price pressures, perhaps from rising energy.

 

 

 

Great interview.Brilliant man.Honest observation worthy of serious action, decision and precaution.His diagnosis seems very logical.I am convinced that the manic nature of the market is reaching its climax and end is near.My gut feeling points that bubble explosion may coincide with the next stimulus..

“Act big” is the new slogan of the Biden administration. There is a need for large fiscal spending to ensure a full recovery from the COVID-19 crisis. The Federal Reserve is on board. Its chairman Jerome Powell argued for the need for “patiently accommodative” monetary policy, a signal that the central bank is not planning to increase interest rates in the near future.

But some studies have shown that accommodative monetary policy has boosted asset prices, especially those of stocks and houses. Because the rich people own more assets than poor households, the wealth inequality in the U.S. may widen even further. Additional expansionary policies may lead to another wave of asset-price appreciation and wealth inequality increase.