Feeds:
Posts
Comments

Posts Tagged ‘Donald Trump’

neil-gorsuch-cartoon-matson

On February 17 2017, the US senate will resume its duties; one of which will be to confirm or reject Neil Gorsuch as President Donald Trump’s choice to be the next US Supreme Court Justice.

Several days ago, the Guardian reported Trump had urged Wall Street Senate Majority Leader Mitch McConnell to eliminate Democrats potential use of the filibuster to stop Gorsuch, which is the so-called nuclear option.

Gorsuch needs sixty out of 100 possible senate votes in order to be confirmed to the post. The nuclear option would eliminate the sixty vote threshold, by instituting a fifty-one vote threshold. The Republicans hold fifty-two seats in the US senate, while the Democrats hold forty-eight. That means eight Democrats must vote to sustain Gorsuch’s nomination, or the candidate will fail. If Gorsuch fails to get sixty votes, the Democrats can filibuster his nomination, putting an end to it, unless the so-called nuclear option is used by Republicans. That’s not going to happen.

siers020217

The nuclear option would mean the end of the filibuster in the US senate. The filibuster has been used to ensure a sixty vote majority is always needed to pass any legislation. The result has been years of gridlock. Politicians of both major political parties have abused the filibuster over the years, so as to ensure they can fail to solve the problems that have perplexed the nation, and have a ready made excuse for the folks back home.

Once the sixty vote threshold is eliminated, however temporarily, a simple up and down vote for Gorsuch can take place. However, Republican voters might get a bit angry the nuclear option isn’t being used for their issues. The Republican Party establishment, with control over the white house and both houses of congress, could easily end legalized abortion. That’s what their base wants them to do.

However, doing so would eliminate abortion rights as a wedge issue with which to manipulate the emotions of grassroots Republicans, and divert their attention from other things, such as passing trade treaties that make it easy for US corporations to export US jobs overseas, and redistribute the difference between the older higher US pay and the new lower foreign wages to the 1 percent via higher corporate profits, share prices and surging dividends.

Likewise, the Democratic establishment will not want the nuclear option used. Then they’d need to please the grassroots of their base for a simple up and down vote can occur over numerous issues that conveniently cannot reach the sixty vote threshold. This includes a vote for amnesty of undocumented immigrants. A vote for the Dream Act can occur. A vote for a renegotiated NAFTA can take place. A vote to raise tariffs on US goods manufactured overseas and exported to the United States can occur. A vote to raise the minimum wage would be a great opportunity. A vote to rein in the excesses of Wall Street can be had. A vote to tie CEO compensation to corporate crimes can take place, such as corporate money laundering of Mexican drug cartel money.

The Republican and Democratic establishments, which are the major corporations, Wall Street executives, and billionaire investors who control the politicians of both political parties, will not want to see an aroused Republican base demanding simple majority votes on issues dear to their hearts, and which have been carefully cultivated by the corporate media. That would be against the financial interests of the establishment members. So, too, would the nuclear option be against their interests.

Like the conservative news media outlets, these issues are things the Guardian editors dare not mention. The Guardian is regarded as a liberal newspaper, and so the aim of the story is to raise the interest of liberal readers. However, the first duty of any editor is to edit and omit all news stories with a view to what the news ought to be, and that is closely related to the second duty of an editor, which is to never offend advertisers. The advertisers in major media news outlets are largely politically and financially powerful corporations. The loss of their advertising dollars would be a sharp blow to any news media outlet, such as the Guardian. The Guardian editors must walk a tightrope; keep liberals reading, while pleasing major corporate advertisers.

batshit-insane-donald-trump-supporter-moments

So expect the Democratic establishment to come up with at least eight Wall Street senators willing to vote for Gorsuch to avoid the nuclear option. Expect Wall Street Senator Ron Wyden to be the first to cross the aisle on behalf of Gorsuch to avoid raising the hopes of Democratic and Republican voters everywhere once the nuclear option appears.

 

Read Full Post »

President Trump signed his newest executive order, rolling back the insanely weak Wall Street regulations balled up in a piece of legislation called Dodd-Frank.

This legislation does almost nothing to regulate Wall Street. However, no doubt, protests will erupt around the globe over essentially nothing. That’s because the big banks are merely acting as front companies for their much larger hedge funds, which are nearly completely unregulated investment companies. So yes, the front companies are weakly regulated by Dodd-Frank.

Have no fear! Like many executive orders, this one is illegal. It takes an act of congress to repeal Dodd-Frank. Then the president can sign the legislation repealing the law. Apparently, Trump doesn’t know this. He’s beginning to appear as ignorant on constitutional matters as President George W. Bush (the worst president in US history, and most likely the most corrupt and dumbest, as well) and the childlike naivety of President Ronald Reagan, who may have been suffering from Alzheimer disease during much of his presidency, at least according to his son, Ronald. I could also point out that when Reagan came on national television about trading arms for hostages with Iran he could say, “I don’t remember.” He sounded like a liar, or a person suffering from the disease. Anyway, back to the main point.

We’ve been played by both major political parties on the authenticity and legality of executive orders. They are not mentioned in the US constitution, so no president has such powers. But the leaders of both major parties make certain not to let the public know this.

So don’t blow too much steam over Trump. He’s either foolish, or he’s playing a role to maintain the support of those who put him in office. He’s big on theatrics, so it’s possibly the latter.

Look to the future. Trump is a one-term president because he’s coming along at the wrong time and the wrong place in history.

Read Full Post »

aria_c13124820150614120100
President Donald Trump has attacked the H1B Visa program, and high tech executives are after his hide for it.

The H1-B visa is supposed to allow US companies to import foreign workers for up to three years if there are insufficient US workers to fill positions. However, that’s not how it has worked.

US corporations regularly import guest workers via the H1-B program to replace their US workers, and they pay their foreign workers less than their US workers. In effect, the US government is allowing the H1-B program to lower US wages, which increases profits and share prices. We all know Wall Street and several billionaires call the shots of both major political parties.

The US high tech workers at Southern Edison, Toys R Us, Disneyland, Intel, the University of California and hundreds of other companies have seen their jobs vanish as foreigners have taken their place. Click Computerworld for another article on this. In many cases, the US workers have been forced to train their replacements.

Once Trump declared his opposition to the H1-B Visa program, high tech spokespeople all over the US declared there was a shortage of US high tech workers. This, of course, was a lie. But the US news media, both conservative and liberal, gleefully went along with the lie.

According to the Economic Policy Institute,

1 “The flow of U.S. students (citizens and permanent residents) into STEM fields has been strong over the past decade, and the number of U.S. graduates with STEM majors appears to be responsive to changes in employment levels and wages.
2 For every two students that U.S. colleges graduate with STEM degrees, only one is hired into a STEM job.
3. In computer and information science and in engineering, U.S. colleges graduate 50 percent more students than are hired into those fields each year; of the computer science graduates not entering the IT workforce, 32 percent say it is because IT jobs are unavailable, and 53 percent say they found better job opportunities outside of IT occupations. These responses suggest that the supply of graduates is substantially larger than the demand for them in industry.” Economic Policy Institute–Guest Workers high skill labor market analysis

The H1-B visa program has been used to keep US high tech workers unemployed and high tech wages down. They’ve been kept down since the “inception of the program.” The program is likely why wages for US high tech workers have been stagnant in real terms since 1990.

Even if you don’t side with President Trump on any other issue, even if you absolutely hate his guts, side with him on this issue.

Read Full Post »

where_does_all_the_money_go___pavel_constantin

As President-elect Donald Trump takes office today, January 20, 2017. the Pew Research Center reports “the public has starkly different expectations about which groups in society will gain influence – and those that will lose influence – under his administration.

Nearly two-thirds of Americans (64%) say wealthy people will gain influence in Washington when Trump takes office. Just 8% say they will lose influence, while 27% expect the wealthy will not be affected.”

I agree with the 27 percent who say the wealthy will not be affected. The reason is simple. The rich already control both major political parties, and through them, the rich control the federal government, virtually all state governments, and most big city governments, as well as a lot of local governments.

The wealthy are not going to improve upon that score a whole lot under Trump. Control of the legislative process has been the primary means by which the 1 percent has methodically increased its share of wealth and income of the United States year after year for the last thirty-five years.

That’s why the 64 percent who say wealthy people will gain influence are wrong inasmuch as wealthy people have so much power they can’t possibly gain anymore.

The difference is that those rich folks who use the Democratic Party as a vehicle to control the mechanisms of government and to profit via those mechanisms, have lost influence. Think Warren Buffett, George Soros, Bill Gates and other Democratic Party billionaires. Their rivals who control the Republican Party will gain influence at their expense.

Those Republican billionaires include Sheldon Adelson, Donald Trump, Charles and David Koch, hedge fund managerz Paul Singer and Robert Mercer, and a lot of other Wall Street investors.

Together, the billionaire Democrats and billionaire Republicans form a kind of good old boy network with some rivalries among them. They also control the media in such a way as to ensure we don’t see this, although it’s pretty obvious.

Read Full Post »

Bernie Sanders and Corporate Taxes
Last week, US Senator Bernie Sanders took to the floor of the senate with a giant poster of a Donald Trump tweet. Sanders challenged the president elect to stand by his promise of no cuts to social security payments, medicare or medicaid. Polls show most US citizens are against cutting back on these programs.

The US could easily expand these programs by simply placing a tariff on goods manufactured abroad by US corporations and then exported to the USA, something Trump also promised to do, and then earmarking those tariff dollars toward Social Security, Medicare and Medicaid.

In the case of social security, there are many more options for expanding social security benefits, which have been deliberately made to languish behind the growth of real inflation. If you earn more than $118,500 per year, you don’t pay social security tax on any income earnings above that number. Simply eliminating this artificial cap would allow the government to significantly raise payments to beneficiaries for decades to come.

Read Full Post »

chwbt3ou4aaptdp

When a U.S. company closes an American plant and builds one overseas, the U.S. tax code allows the expenses incurred in both activities to be written off it’s taxable income.

Under Current US Tax Laws Businesses Are Allowed To Deduct Operating Expenses. Which Include The Cost of Moving Jobs In The U.S.A. Overseas. (Internal Revenue Code)

Companies That Create Jobs In The U.S.A. Should Receive Tax Breaks. Companies That Send American Jobs Overseas Should Not. In fact, US corporations that export jobs overseas should be taxed on any products they export to the USA from their factories overseas, like president-elect Donald Trump promised he would do.

Tell Congress To Stop Using Our Tax Dollars To Fire American Workers

Contact Congress
http://www.contactingthecongress.org/

Read Full Post »

mustang

This week, the Ford Motor Company announced that it was no longer going to export all small car production to Mexico, which meant exporting US jobs. The company will invest $700 million in Michigan, instead, and create another 700 jobs in the process.

Ford CEO Mark Fields said this move was a vote of confidence in Donald Trump. “We didn’t cut a deal with Trump. We did it for our business,” Fields told CNN’s Poppy Harlow in an exclusive interview Tuesday.

During the election season, Trump repeatedly slammed Ford for exporting tens of thousands of US jobs to Mexico.

Now here’s what you haven’t been told. Ford’s share price dropped from a recent high of $17.72 in 2014 to $11.34 on November 2016. Then came the election on November 8, and a subsequent rise in the overall price of corporate shares. So far, Ford’s share price has risen to $13.17 since November 4. Would Ford have kept the jobs in the USA if its share price was heading in the other direction. Not likely.

The billionaires, Wall Street investment corporations and hedge funds are taking cash out of the bond markets and stuffing that cash straight into the stock markets, thereby expanding the bubble, which will soon pop.

When the bubble pops, share prices will fall, and you can bet your bottom dollar that Ford will soon be exporting as many jobs as possible to enhance its bottom line and prop up its failing share price.

The economy should hit the recession by June of this year. Expect the stock and housing market bubbles to pop shortly afterwards.

Read Full Post »

Older Posts »