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Biden Pandemic Economy Reprints from others.

Reprint. In the face of most Democrats’ opposition, US Steel cancels a billion-dollar investment.

Original story can be found here.

By Salena Zito, National Political Reporter

In the face of most Democrats’ opposition, US Steel cancels a billion-dollar investment.

BRADDOCK, Pennsylvania — Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley operations into a key source of lightweight steel for the automotive industry.

At the time, local leaders and company officials called the investment “transformational.”

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Statue of Joe Magarac, a folktale steelworker who could bend steel with his bare hands, in front of the 148-year-old Edgar Thomson Works.
(Shannon Venditti / Washington Examiner)

It involved a whopping $1.5 billion upgrade to its Mon Valley Works. This included an upgrade of the Edgar Thomson Works in Braddock, the Irvin Plant in West Mifflin, and Clairton Coke Works, with technology and improvements that would have provided cleaner air for all three communities where the plants are located, as well as good-paying jobs that would have provided prosperity for the region for decades.

On Friday, U.S. Steel said after months of tug-of-war with the Allegheny County Health Department, it is canceling the $1.5 billion upgrade and idling three batteries at Clairton Coke Works by 2023.

U.S. Steel said in a statement that a dragged-out delay from Allegheny County officials for permitting the project contributed to their decision, along with the new direction that the company is taking to focus on sustainability.

Allegheny County chief executive Rich Fitzgerald, a city Democrat, said he was “blindsided by the news.”

Lt. Gov. John Fetterman, also a Democrat, said he was simply devastated. “It is heartbreaking,” said Fetterman, whose home is across the street from the sprawling 148-year-old Edgar Thomson Works that hugs the Monongahela River.

Local economic development forecasters estimate over 1,000 direct jobs will be lost. Countless more support jobs that would have facilitated the build-out are also gone.

Jeff Nobers, the president of Pittsburgh Works, an economic group made up of officials in manufacturing, steel, energy, and labor unions, said the unknown costs and future implications due to this decision are formidable and long-lasting. “We have to be thinking about what manufacturers who were looking to locate here are thinking,” he said. “Do they look at the climate here and wonder if it is worth it? Well, that is a problem too.”

Local elected officials are of several minds on this project. Most of them were just hoping it would fly under the radar of the climate justice warriors and go up without notice. That was never going to happen. The rest fully backed its demise because of their views on climate change.

One exception has been Fetterman, the progressive populist Democrat who is seeking his party’s nomination to run for the Senate seat being vacated by Republican Pat Toomey in 2022. He was a vocal supporter of the project, which sometimes placed him at odds within his own party’s ranks. His support created a strange alliance for him with Republican state lawmakers such as Allegheny County state Sen. Devlin Robinson and the state senate majority leader, Kim Ward.

Ward said that although she does not agree with Fetterman on much, “I sure do on this one.”

Robinson agreed. “The constant rhetoric attacking manufacturing in this country is going to impact jobs,” he said. “That is not something to worry about in the future — it is happening right in front of us.”

Critics of the closure also point to the constant drumbeat coming from local environmental justice nonprofit groups and reporting organizations funded by elite, left-wing foundations such as the Heinz Endowments. These, they argue, are contributing to a hostile business climate.

The Edgar Thomson Works, named after a Pennsylvania Railroad president, was built by Andrew Carnegie in the 1870s on the site of an old French and Indian War battlefield.

U.S. Steel also told its investors that they are reallocating capital to other places — which means all of the work that was going to go here is likely going someplace where bureaucrats are less beholden to (or aligned with) environmentalists.

Fetterman calls the moment an opportunity lost: “We could have made the safest, greenest steel in the world right here in Braddock. We could have secured thousands of good-paying union jobs.”

Now, that opportunity is gone.

President Joe Biden said in his joint speech in front of Congress that there there’s no reason that steel can’t be continually manufactured in the United States and by doing it in a safe and green way, in a environmentally efficient way. Biden even riffed, “There’s no reason the blades for wind turbines can’t be built in Pittsburgh instead of Beijing.”

“Well, that’s what this investment was about,” said Robinson. “This $1.5 billion was about making steel in a more environmentally friendly way. But the current environment right now is so hostile to manufacturing, manufacturers know making things in America is not a viable option. Especially not now, and especially not into the future, where they’re going to see a return on their investment.”

Manufacturers may have to relocate to places where there are no unions or outside the country. This makes hollow Biden’s promise to protect union jobs and bring back manufacturing — and it will be doubly hollow if he looks the other way when things like this happen.

This conflict between manufacturing and environmentalism is also going to place Biden at odds with both. Biden argues that a decarbonizing economy will create millions of jobs. Here, however, it meant zero jobs created and perhaps many destroyed.

Categories
Economy Opinion Politics

Don’t tell me that affirmative action doesn’t exist. Just listen to what this loon has to say.

Don’t tell me that affirmative action doesn’t exist. Just listen to what this loon has to say. To say that this person is educated, is a joke. Just another affirmative rainbow pick of Joe’s. Council of Economic Advisers chair Cecilia Rouse said on this week’s broadcast of “Fox News Sunday” that they expect to see some “transitory inflation” as America is coming out of the coronavirus pandemic.

PRESIDENT BIDEN IS SAYING THAT HE WANTS GOVERNMENT TO PAY FOR CHILD CARE. HE WANTS GOVERNMENT TO PAY FOR PRESCHOOL. AND NOT JUST FOR THE POOR, BUT FOR THE MIDDLE CLASS. AND IT WILL BE GOVERNMENT THAT PICKS WINNERS AND LOSERS. IS THAT THE KIND OF COUNTRY WE WANT, MS. ROUSE?

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Economy Uncategorized

They have been pumping oil under the Great Lakes since 1953. Now the Governor is worried about drinking water?

They have been pumping oil under the Great Lakes since 1953. Now the Governor is worried about drinking water? Enbridge is the worlds largest oil mover. They move over 540,000 barrels of oil  a day. What do you think happens to the price of both gasoline and natural gas if this is halted?

Enbridge said Tuesday it would defy Michigan’s demand to shut down an oil pipeline that runs through a channel linking two of the Great Lakes, contending that Gov. Gretchen Whitmer’s decision was based on bad information and political posturing.

This not only effects the US, but Canada also. So far Enbridge has refused to comply. They have till May 12.

Categories
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.

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.

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.