So, what the heck is this “Green New Deal” anyway?

Well, first of all it’s NOT a law.  It’s more like a “game plan” or a “road map” to follow.

It’s a liberal/socialist/environmentalist manifesto in the same vein as the Communist Manifesto.

Yes…, that’s exactly what it is.

Let me be your guide about something you will be hearing about non-stop for a long time. The “biased, liberal, fake news media” will be getting their propaganda machine cranked up into overdrive for this one.

The people that put this “Green New Deal” resolution together were either high on drugs, extremely naive, extremely confused, stupid, or some combination of all of the above, in my opinion.

So…, let’s see exactly what we have here.

This resolution validates all of its proposed actions based on the October 2018 report entitled “Special Report on Global Warming [of 1.5 degrees centigrade]” by the Intergovernmental Panel on Climate Change and the November 2018 Fourth National Climate Assessment report.

If the report from the Intergovernmental Panel on Climate Change is to be believed, humanity has just over a decade to get carbon emissions under control before catastrophic climate change impacts become unavoidable.

At the rate our government works, I guess we should all start planning our funerals, or preparing to live underground, and stockpiling food and water, because nothing is going to happen over the next ten years to fix our environment, if in fact it is broken, and if in fact it is our fault.

The United States is already the most environmentally friendly country, among major industrialized nations in the world by the way.  You sure wouldn’t know this by the way the “biased, liberal, fake news media” demonizes the USA on a daily basis.  Is China, Russia, India, Germany, The United Kingdom or Japan on board with any of this?  Because we surely cannot effect global climate change without global participation.

If the Paris Climate Agreement is any indication of the level of global participation we could expect, we’re in trouble!

In the Paris Climate Agreement, which President Trump wisely backed the U.S. out of, all of these other countries pledged their support with flowery environmental words and swore to meet the new pollution regulations AFTER the U.S. had piloted the proposed pollution levels for the first 10-20 years of the agreement!

Such determination!

Such support!

Such disingenuousness!!!!!!!!!!!!!!!!!!!!!!!

The resolution consists of a preamble, five goals, 14 projects, and 15 requirements. The preamble establishes that there are two crises, a climate crisis and an economic crisis of wage stagnation and growing inequality.

The goals are: achieving net-zero greenhouse gas emissions, creating jobs, providing for a just transition, and securing clean air and water.

The projects are things like: decarbonizing electricity, transportation, and industry, restoring ecosystems, and upgrading buildings and electricity grids.

Our liberal/socialist/environmentalist friends have managed to incorporate virtually all aspects of our society, economy, employment, racial issues, gender issues and government into their “end all, be all” “primary directive.”

The document itself is not even 14 pages long, so please, read it for yourself if you get the chance.

In the meantime, let’s take a look at some excerpts taken directly from the resolution:

“Whereas climate change, pollution, and environmental destruction have exacerbated systemic racial, regional, social, environmental, and economic injustices (referred to in this preamble as “systemic injustices”) by disproportionately affecting indigenous communities, communities of color, migrant communities, deindustrialized communities, depopulated rural communities, the poor, low-income workers, women, the elderly, the unhoused, people with disabilities, and youth (referred to in this preamble as ‘‘frontline and vulnerable communities’’); Whereas, climate change constitutes a direct threat to the national security of the United States…”

Say what?

Are you starting to get the point?

This new Raw Deal…, I mean Green Deal, is your typical “bleeding heart” bunch of politically correct mumbo jumbo.

Here are some of the more detailed goals taken directly from the resolution:

“Upgrade all existing buildings in the United States and building new buildings to achieve maximal energy efficiency, water efficiency, safety, affordability, comfort, and durability, including through electrification.”

Well gee…, that doesn’t sound expensive at all.

“Spurring massive growth in clean manufacturing in the United States and removing pollution and greenhouse gas emissions from manufacturing and industry as much as is technologically feasible, including by expanding renewable energy manufacturing and investing in existing manufacturing and industry.”

What exactly is meant by “spurring?”  I’m guessing it means spending more money.

“Working collaboratively with farmers and ranchers in the United States to eliminate pollution and greenhouse gas emissions from the agricultural sector as much as is technologically feasible…”

“Working collaboratively” mean dictating unmanageable pollution standards.

“Overhauling transportation systems in the United States to eliminate pollution and greenhouse gas emissions from the transportation sector as much as is technologically feasible, including through investment in zero-emission vehicle infrastructure and manufacturing; clean, affordable, and accessible public transportation; and high-speed rail.”

“Overhauling transportation systems” sounds like a lot of money…, again.

“A Green New Deal must be developed through transparent and inclusive consultation, collaboration, and partnership with frontline and vulnerable communities, labor unions, worker cooperatives, civil society groups, academia, and businesses…”

This last part is just a bunch concepts that sound good, but will never actually happen.  Just like with The Affordable Care Act legislation, there will be nothing inclusive or transparent about it.

“To achieve the Green New Deal goals and mobilization, a Green New Deal will require the following goals and projects:”

“Providing and leveraging, in a way that ensures that the public receives appropriate ownership stakes and returns on investment, adequate capital (including through community grants, public banks, and other public financing), technical expertise, supporting policies, and other forms of assistance to communities, organizations, Federal, State, and local government agencies, and businesses working on the Green New Deal mobilization.”

“Making public investments in the research and development of new clean and renewable energy technologies and industries; directing investments to spur economic development, deepen and diversify industry in local and regional economies, and build wealth and community ownership, while prioritizing high-quality job creation and economic, social, and environmental benefits in frontline and vulnerable communities that may otherwise struggle with the transition away from greenhouse gas intensive industries.”

Mo’ money, mo’ money, mo’ money!!!

“Ensuring the use of democratic and participatory processes that are inclusive of and led by frontline and vulnerable communities and workers to plan, implement, and administer the Green New Deal mobilization at the local level; ensuring that the Green New Deal mobilization creates high-quality union jobs that pay prevailing wages, hires local workers, offers training and advancement opportunities, and guarantees wage and benefit parity for workers affected by the transition.”

“Ensuring the use of democratic and participatory processes that are inclusive of and led by frontline and vulnerable communities and workers” means only selected “enlightened” liberal individuals and groups will dictate to all of the rest of us “knuckle-draggers” what to think.

“Guaranteeing a job with a family-sustaining wage, adequate family and medical leave, paid vacations, and retirement security to all people of the United States.”

In the government world “Guaranteeing” something means there will be no budgetary concerns.

“Strengthening and protecting the right of all workers to organize, unionize, and collectively bargain free of coercion, intimidation, and harassment; strengthening and enforcing labor, workplace health and safety, antidiscrimination, and wage and hour standards across all employers, industries, and sectors.”

“Enacting and enforcing trade rules, procurement standards, and border adjustments with strong labor and environmental protections, to stop the transfer of jobs and pollution overseas; and to grow domestic manufacturing in the United States.”

Hasn’t President Trump already pretty much taken care of this one?

“Ensuring that public lands, waters, and oceans are protected and that eminent domain is not abused.”

This means eminent domain will be abused.

“Obtaining the free, prior, and informed consent of indigenous people for all decisions that affect indigenous people and their traditional territories, honoring all treaties and agreements with indigenous people, and protecting and enforcing the sovereignty and land rights of indigenous people.”

Here’s your “bone” Native-Americans!

“Ensuring a commercial environment where every businessperson is free from unfair competition and domination by domestic or international monopolies; and providing all people of the United States with: high-quality health care; affordable, safe, and adequate housing; economic security; and access to clean water, clean air, healthy and affordable food, and nature.”

This last section, and the last section of the resolution, is kind of a catch-all.

According to David Roberts for Vox.com, “The question of how to pay for the many public investments called for in the GND [Green New Deal] is still a bit of a political minefield. There are centrist Democrats who still believe in the old PAYGO rules, keeping a “balanced budget” within a 10-year window. There are Democrats who think deficit fears have been exaggerated and there’s nothing wrong with running a deficit to drive an economic transition. And there are Democrats who have gone full Modern Monetary Theory, which is way too complicated to explain here but amounts to the notion that, short of inflation, the level of the deficit is effectively irrelevant, as long as we’re getting the economy we want.  That discussion is just getting underway, and the better part of valor is to do what the GND resolution does: say nothing about it. Leave it for later.”

Just in case you’re keeping score at home, the Green New Deal includes a “federal job guarantee,” the right to unionize, liberal trade and monopoly policies, and universal housing and health care.

In other words, “Hello Socialism…, here we come!”

Some of this stuff is even too far left for Nancy Pelosi!  She is actually coming under some attack for even having the slightest bit of skepticism about some of the goals in the Green New Deal!

Remember the name Rhiana Gunn-Wright.  She has apparently been tabbed to be the architect of any official policy platforms developed from the Green New Deal resolution.

“Obviously, figuring out how to fundamentally transform the world’s largest economy is a lot for one person to take on. When Gunn-Wright was asked if she knows what she’s gotten into, she laughs. “It’s really exciting!”

Do you mind if I ask if this person has ever really done anything regarding any of this stuff, or is she just working from a theoretical stand point?  Has she ever had a non-political job?  Does she really know anything about economics?

“If you have more money or access to power, you can either opt out or pay to make it simpler,” she says. “The people who will have to go through all the mess are generally poorer people, with the least access to power.”

So it’ll be just like usual…, with the rich liberal entertainers, athletes, businessmen and politicians being exempt or being able to “buy” their way out of the policies the rest of us are forced to deal with.  Again…, “do as I say not as I do.”

David Roberts for Vox.com Thinks, “Gunn-Wright’s command of the issues, coupled with her unapologetic belief in the public sector to “shape markets and direct innovation,” coupled with her evident concern for the low-income and working classes, make me excited to see what New Consensus produces.”

So…, apparently Mr. Roberts is just as clueless as the authors of the resolution, Ms. Alexandria Ocasio-Cortez, Ms. Gunn-Wright and all of their partners in crime.

Ocasio-Cortez calls for 100 percent renewable electricity within 10 years, but very few policy experts believe that is possible.

By their own admission, the top three challenges facing the GND are paying for it, convincing the public, and winning over Democrats.

Roberts adds, “In the real world, if the GND looks like it has any chance of becoming a reality, it will face a giant right-wing smear campaign, coordinated across conservative media, think tanks, and politicians, funded by effectively unlimited fossil fuel wealth. The right will rush to define the GND as a silly, ridiculous, naive, unaffordable government boondoggle meant to destroy your way of life and funnel your taxpayer money to Democratic constituencies like illegal immigrants.”

That’s because, Mr. Roberts, the Green New Deal IS “a silly, ridiculous, naive, unaffordable government boondoggle meant to destroy your way of life and funnel your taxpayer money to Democratic constituencies like illegal immigrants.”

Trumpeting the truth about this foolishness is not a “right-wing smear campaign,” it’s just a matter of combating the propaganda of the “biased, liberal, fake news media” and the rest of “the swamp.”

Well, there you have it.  I hope this helped.

Like I said…, we’re not going to stop hearing about the Green New Deal anytime soon.

 

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ocasio-cortez inventions

 

The President appealed to lawmakers in both parties to, “Rise above partisan politics and define victory as not winning for one party but winning for our country.”  My State of the Union address analysis: Part 2.

Liz Peek for Fox News reported that, “In a speech that was interrupted 102 times by applause, President Trump rocked the House, delivering remarks that were at times moving, funny, inspiring, feisty and visionary.”

I would have to totally agree with Ms. Peek here.  I was very impressed by The President’s tone, his overall presence, and his words.

“He appealed to lawmakers in both parties to rise above partisan politics and define victory as “not winning for one party but winning for our country.”

The President “Framed his speech as a celebration of two great occasions: the 75th anniversary of D-Day that liberated Europe [and saved the world’s civilization] from the Nazis and the 50th anniversary of America’s [Apollo 11] moon landing.  Heroes from both those historic undertakings were in the gallery, personifying the daring and selflessness that has characterized the United States throughout our history.”

He asked Democrats to partner with him in “choosing greatness” and to “keep freedom alive in our souls.”

“He exhorted Congress to ‘think of this very chamber, where lawmakers before you voted to end slavery, to build the railroads and the highways, to defeat fascism, to secure civil rights, to face down an evil empire.’”

The democrat side of the aisle honestly seemed petty and a bit foolish in comparison.

There was even a large group of democrat female representatives who wore white to represent something, or show some kind of unity.  They all characteristically chose to “thumb their noses” at President Trump’s accomplishments, and the country’s historic economic numbers.

Liz Peek added, “The Democrats also pouted as the president listed the economic gains made during his administration. They did not cheer when he said 5.3 million new jobs have been added, including 600,000 manufacturing jobs.”

“Nor did the Democrats cheer when the president cited the all-time low in African-American, Asian-American and Hispanic unemployment and the uptick in the incomes of blue-collar workers.”

“Do Democrats not approve of putting people to work?”

Do they not approve of 5 million people being lifted off of food stamps?

Do they not approve of hundreds of thousands of manufacturing jobs being brought back to our country?

Do they not approve of us being self-sufficient, energy-wise, in the world?

Do they not approve of our NATO allies finally kicking in their fair share for their own defense spending?

It sure appeared that way, as democrats declined to applaud, and even smirked at the country’s good fortune.

President Trump did manage to break through their grumpiness, however, by pointing to the record number of women working in the United States today and the all-time high number of women in Congress. Even the “women in white” couldn’t help but celebrate themselves.

One of The President’s guests in the gallery was a survivor of Nazi concentration camps who was enjoying his 81st birthday.  It was enjoyable to see the entire House join in singing “Happy Birthday” to him.  That was certainly a first at a State of the Union address.

“In fairness, even while calling for a ‘new era of cooperation,’ [President] Trump threw some partisan zingers into the mix.  He singled out bills recently introduced in Virginia and passed in New York that allow for late-term abortions, and said he would ask Congress to pass legislation banning such procedures.”

“In addition, The President hammered home his determination to secure our ‘dangerous’ border, and the need for a wall.  To make the point, he introduced some family members of an elderly couple killed by an illegal immigrant.  Democrats were not pleased.”

How can you not be concerned with illegal drugs pouting over our southern border?

How can you not be concerned with thousands of young girls and children being taken advantage of by human trafficers at our southern border?

How can you not be concerned with gang members and other dangerous individuals coming across our southern border and committing crimes against and taking the lives of our citizens?

Just who do these democrat representatives represent exactly?

They didn’t account for themselves very well during the State of the Union address in my opinion.

The President added that “Great nations do not fight endless wars,” which is a statement no one can really argue with, as he is winding down our engagements in Afghanistan and Syria.

Liz Peek commented, “But for sure, the most contentious issue, and the one that continues to hang over the country, is immigration. Trump said no other issue better illustrates the divide between the working class and members of the wealthy [elite] political class, who hide behind walls [and gates and armed guards] while blue-collar workers suffer the lower wages, overburdened schools, [crime] and depleted safety nets that illegal immigration causes.”

“It will be interesting to see how Democrats answer that charge.”

“President Trump asked us all to ‘rekindle the bonds of love and loyalty and memory that link us together as citizens, as neighbors, as patriots.’”

“He vowed, as he has before, to put America’s interests first and, notably, promised that America will never be a socialist country.”

“Even Nancy Pelosi and Chuck Schumer applauded that one.”

A CBS poll, conducted during and directly after The President’s speech, showed that 76% of viewers liked what they heard.

Since polling numbers regarding The President typically seem to skew low; that would translate into an 85%-90% positive approval rating of The President’s speech.

I would tend to agree with them.

In retrospect, I’m glad The President didn’t take my advice and hold his own State of the Union address away from The Capitol.  He definitely came away here as being the bigger person, the more reasonable person and the more responsible person.

Congratulations Mr. President.

 

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trump state of the union address 2019

How should taxes be ideally collected?  

I believe that no taxes should be taken out of our paychecks.

None.

I believe that taxing based on whether you get a paycheck or not is discriminatory.

I believe the tax rates and certain tax considerations are discriminatory as well.

All money should be collected from national and state sales taxes, along with some other usage taxes and fees.

Things would cost a little more, but we’d have more money to spend as well.

These taxes would be inherently fair because those who spent more money would pay more taxes, and those who liked doing certain things would pay for those things.

Also, people hiding from income taxes, like illegal workers and “cash” workers, would now be paying their fair share.

Corporations and “the rich” would not have to worry about finding “loop holes” anymore, because there wouldn’t be any!

There would be no need for filing tax returns because there would be no deductions, and there would be no more redistribution of wealth via the tax system.  There would be no more getting a tax refund or owing taxes.  Whatever you pay in sales tax is what you pay.

Items deemed to be “necessities” would not be taxed or taxed at a lesser rate.

The only people that could possibly have a problem with this system are those wanting to rip-off our current system, those actually ripping-off our current system now, and those not paying their fair share of taxes or any taxes at all, leaving the rest of us poor honest slobs to pick-up the whole tab.

Other usage taxes would also be employed.  For example, the fuel tax would in turn pay for all things transportation related.  The more fuel you purchase, the more you use the roads, so the more you pay.  Get it?

People who participate in activities or use certain places, pay for those activities and places with associated fees.

Anything that is not self-sustainable would become unavailable.

Funding for our government, military, social security, and other essential services would come from the base sales tax and would be appropriated as they currently are.

Also, by collecting taxes this way, we are all invested in the process.  If you don’t pay any taxes you’re not really concerned with how high they are or how the taxes are being spent.

I understand that this is not a completely original idea, but the concept here as a whole is, I believe.

I’m not holding my breath for this method of tax collection to go into effect, but someday…, maybe.

Please give me some feedback and let me know what you think!

 

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income tax

 

 

“A person with options is a person with power!”

“A person with the option to take ownership of something is much richer when they decide to invest in that option of their own free will. – Mr. Erickson

What is politics in America basically about?

Politics in America is basically about people fighting to decide who will have the power to decide what we spend our money on, among other things, of course, but primarily that.

What if we took some of that power out of the equation for our politicians?

What if they were only charged with supplying the options, not the actual funding in a lot of cases?

What if we gave some of that power back to the people who are footing the bill?

You might say that could never work because how could you formulate a budget operating that way?

Well, my answer would be that the politicians have not operated within a budget for a long time anyway.  And I would be right.  The last time the Congress even passed a budget was in 2006.

Some types of basic levels of funding would have to exist for the military, government operations, etc., but the lion’s share of the spending could be deemed discretionary, and those levels determined by the desires of the taxpayers.

For example, in my state, when filling out my tax return form, I can select an amount to go towards any of the following causes: Endangered resources, Military family relief, Cancer research, Second Harvest/Feeding Americans, Veterans trust fund, Red Cross Disaster Relief, Multiple sclerosis, of the Special Olympics.

Why can’t the federal government help to fund different projects or causes the same way?

If people really want something they’ll kick-in money for it, and if they don’t, they won’t.

Why couldn’t we have the option to give additional money to a “Border wall building fund?”

Or to NASA?

Or to a “School Security” fund?

Or to a “Climate change protection fund?”

Or to a “Help the homeless fund?”

Or to an “Education improvement fund?

Think about all of the possibilities and all of the opportunities.

I feel like this would be a more productive way of spending our money.

Instead of these lobbyists wasting money on politicians, they could just directly fund their own cause.

Instead of private citizens wasting their money on supporting politicians, they could just directly fund their own favorite causes.

If you are worried about climate change, then put your money where your mouth is.

If you want a border wall built on our southern border, open up your wallet and chip in.

Having choices is good.

Being forced to pay for programs you don’t support is not good.

Let’s try doing what’s good.

 

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income tax before 1913

When money talks, media bias walks!

Yes, when it comes to the stock market, investing and business in general, money still rules over political agendas and media bias.

Greed may not be a virtue, and in fact it’s one of the “7 deadly sins,” but at least it doesn’t pretend to be something it’s not.

“Money” will always react in its own best interest, regardless of who or what is responsible.

“Business is business…, it’s nothing personal.”

The “biased, liberal, fake news media” and the democrats can try and spin words, events and policies any which way want, and millions of gullible Americans may buy what they’re selling, but money cuts through all of that and focuses on reality, not propaganda.

market prediction if trump wins

On the eve of the presidential election, in November of 2016, when all of the “biased, liberal, fake news media” pundits, experts and talking heads predicted a stock market collapse, and basically the end of the world should Donald Trump win the election, “money” was prepared with the appropriate reaction.

krugman-economist-nyt-stock-market-willneverrecover-from-trump-ty-stock-30222340

Even Matt Egan, of CNN Business News had to admit that, “Wall Street welcomes Trump with a bang” the day after the election.

“That didn’t take long,” Egan declared.  “An overnight panic in global markets evaporated as Wall Street gave an emphatic welcome to President-elect Donald Trump.”

Huh?  So what happened to all of that “end of the world” propaganda talk from these so called “experts” that we were hearing less than 24 hours earlier?  Well, these “experts” had moved on from that “hit job,” and they were already doing their “swampy” best to downplay The Market’s reaction to Trump’s election, putting the whole thing in the proper perspective for all of the rest of us, and attempting to dampen any and all positive reactions to it.

The facts are that, The Dow soared 257 points and brushed up against lifetime highs already on Wednesday, the day after the election, defying those who predicted Trump’s election would bring about a plunge in the stock market.

Peter Kenny, an independent market strategist, admitted that the market, “Greeted Trump with a far more positive footing than I expected.  He’s receiving a very warm welcome.”

So, if you ever want to get an honest reaction to any events or policies, just watch how “money” reacts to it.

It’s a safe bet every time.

“For the love of money is the root of all evil…” – 1 Timothy 6:10

“The lack of money is the root of all evil.” – Mark Twain

“We live by the Golden Rule.  Those who have the gold make the rules.” – Buzzy Bavasi, Major League baseball executive

 

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Up and up The Fed’s interest rate goes, where it’ll stop nobody knows!

The Federal Reserve raised the nation’s borrowing rate by 0.25% for the fourth time this year, despite months of objections from President Trump.

According to Lucy Bayly, the business editor for NBC News, “President Trump fears higher interest rates will take the steam out of the nation’s booming economy.”

She continues by saying, “As head of the Federal Reserve, [Jay] Powell has found himself uncharacteristically singled out for criticism over the central bank’s handling of interest rates, with Trump saying he ‘maybe regretted nominating Powell to the position.’”

“I have a hot economy going,” President Trump said in October, and “every time we do something great, he raises the interest rates.”

Ms. Bayly feel sthat, “Powell’s challenge at this juncture has been to make it clear that the Fed’s decision was data driven and not due to any deference to the political establishment, which would have risked the central bank’s credibility as an independent agency.”

That’s kind of funny.  Why does it seem that “The Fed,” the central bank, only seems concerned about its credibility when there is a Republican president?

During an interview with “Yahoo Finance,” Edward Stringham, an economist, Professor of Economic Innovation at Trinity College and the president of the American Institute of Economic Research, said, “We’ve had artificially low interest rates for years.”  The Fed has apparently admitted to this because Mr. Stringham goes on to say that, “The Fed has said that they want to get away from that [artificially low interest rates].”

What does “artificially low interest rates” mean?  Why would The Fed be dealing with anything that is “artificial?” I take it to mean that The Fed had lowered the rates, or kept them low, for reasons other than financial and/or economic merit.

In other words, it sounds kind of “swampy” and politically motivated to me.

Well, let’s take a look at the recent history of The Federal Reserve Bank, how they’ve handled the rates, and you decide.

When George W. Bush took office in 2001, the interest rate was at 6%.

By June of 2003 the rate was down to 1% due to a recession, the 9/11 attacks, and a war in The Middle East.

The rate was then back up to 5.25% by June of 2006.

It then was down to 1% again by the end of Bush’s term, mostly due to another recession, the housing crisis, bank failures and the bank bailout.

On December 11, 2007, the rate dropped from 4.5% to 4.25%

January 22, 2008, the rate then plummeted to 3.5%

Only eight day later, on January 30, 2008, the rate went down to 3%

On March 18, 2008, the rate dropped to 2.25%

On April 30, 2008, the rate fell to 2%

On October 8, 2008, it fell to 1.5%

Twenty-one days later, on October 29, 2008, the rate dropped to 1%

After Barack Obama was elected president, on December 16, 2008, the rate went to .25%

Note: .25% is the lowest funds rate possible.

Then, for the following 7 YEARS, or basically most of the “Obama years,” the federal interest rate sat there at .25%!  For 7 YEARS!!!

It wasn’t until December of 2015 that they managed to raise the rate to .5%.

The rate stayed at .5% all of 2016 until Donald Trump won the election, at which time the rate immediately went up to .75%.

So, even though all of the “biased, liberal, fake news media” financial “experts” were predicting a stock market crash if Donald Trump won, and all kinds of other economic misfortune, The Federal Reserve felt it was a good time to raise the federal interest rate.

Interesting.  Ponder that for a moment.

Then over the next two years of the Trump Presidency, The Fed chooses to raise the rate 6 more times, all the way back to 2.25%!

On March 16, 2017, the rate goes to 1%

On June 15, 2017, we’re up to 1.25%

On December 14, 2017, the rate goes up to 1.5%

On March 22, 2018, it climbs to 1.75

On Jun 14, 2018, 2%

On September 27, 2018, 2.25%

And on December 19, 2018, The Fed raised it another .25 to 2.5%

 

“The economy continues to punch well above its weight,” said Steve Rick, chief economist at CUNA Mutual Group. “Although trade tensions and tariffs continue to present uncertainty, the economy has been running red-hot for a long time…”

Is that what you call “a long time” Mr. Rick, a little over a year?

It seems these economists and know-it-all eggheads are in quite a hurry to slow our economy down.

Why?

Why was it OK for Americans to sit through all of these down times for close to two decades, but then when we finally turn it around they want to throw down all of these speed bumps?

What do you think?  Is it a case of “the swamp’s” willingness to sabotage the country for the sake of their own survival and desire for power?

I’m thinking that is the case, but then again, I’m becoming more and more cynical by the day.

 

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federal interest rates

 

President Trump is providing positive action, not just more “hot air.”

If you weren’t watching Fox News at some point this last week, you probably missed it when President Trump announced a bold and historic plan to change the lives in America of some of our poorest citizens, those who live in the most distressed, and sometimes the most dangerous, neighborhoods.

With South Carolina Senator Tim Scott and Black Entertainment Television (BET) founder Bob Johnson flanking him, and CNN host Van Jones looking on, The President signed an executive order creating something called the White House Opportunity and Revitalization Council along with additional directives for that council.

So what, you may ask?  We’ve all seen this kind of thing before, right?

All show, no go.

Well, this may be different.

Led by The Department of Housing and Urban Development (HUD) Secretary Ben Carson, it will coordinate efforts across the entire federal government to deliver jobs, investment, and growth in underprivileged areas.  This includes rural areas, too.  This means more private-sector money will flow into some of these high-risk or low development areas.

And what will this do?

It’s kind of like affirmative action, but on a larger socio-economic and community level, and for some reason I don’t have a problem with this at all.  I actually think this a great way to spread the wealth and lift people and communities up.

I believe a program like this is right up Secretary Carson’s alley.  I would expect him to do a great job with this.

Oddly enough, there were only a few reporters at the announcement, and they weren’t even interested in the announcement.  All they were interested in was shouting questions at The President about Michael Cohen.  That’s because Michael Cohen and the Mueller witch hunt fits the “biased, liberal, fake news media’s” narrative and President Trump delivering results to low income Americans doesn’t.

This White House event wasn’t broadcast on cable or on C-SPAN or any of the networks.  Why was that?

It’s called commission by omission.  If we don’t report it, then it didn’t really happen.  The “biased, liberal, fake news media” just refuses to give President Trump credit for anything that could be perceived as positive.

Also, it’s because President Trump is delivering some actual results for those people who the Democrats thought that they had in their back pocket, politically.  It all goes against the “biased, liberal, fake news media’s” never ending narrative about how the president is racist and how he just doesn’t care about minority citizens or low income citizens.

Bob Johnson, one of the most prominent and most successful African-Americans on the planet, would disagree with that sentiment.  He was on hand at Wednesday’s event to recognize the Trump administration’s drive and commitment to help low income Americans.

“Just recently, your Department of Labor signed a historic document that created something called “auto portability.”  Auto portability is designed to reduce retirement leakage among low income 401(k) account holders who tend to cash out,” he said. “And Mr. President, you should know this, 60 percent of African-American and Hispanic-Americans cash out of their 401(k) accounts.  This program will put close to $800 billion back in the retirement pockets of minority Americans.  So I just want to applaud you for that.”

Former President Barack Obama was good at offering up words that made it seem like he cared.  He was good at offering up words that made the intended audiences feel good and hopeful.  He, nor the democrats, were good at doing anything that actually helped the situation.

Laura Ingraham of Fox News commented, “Who cares more about America, particularly the working poor? The guy who delivers results, record low unemployment, opportunity zones and a decent chance for criminal justice reform?  Or a party that is all talk and no action?  I will take the former any day.”

“…talking about hope is beautiful, but it won’t bring business into your community.  People who can get jobs tend to have more hope.  Despair and crime in places like Chicago and Baltimore spiraled out of control during much of Obama’s eight years.”

With all of the potential positive outcomes as a result of the Opportunity and Revitalization Council and The President’s executive order, the “biased, liberal, fake news media” did manage to find one aspect they thought was worth mentioning.  They reported that President Trump and his son-in-law Jared Kushner are only pushing these inner-city investment incentives because they will make money off their own real estate holdings.

President Trump is completely correct and justified when he calls out the “fake news.”

It’s sad that there isn’t even an inkling of an effort by the “fake news” to report the news fairly and honestly anymore.  It has become an all-out propaganda war now, and fair minded people just have to be aware of it and treat it as such.

 

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Thank you, MrEricksonRules.

opp and revitalize council signing

I’m calling out some of these business “experts” and their “trumped-up” (no pun intended) predictions of “doom and gloom” for 2019. 

I’ve been seeing more and more of these “doom and gloom” business “experts,” financial “experts,” and economic “experts” calling for an economic slowdown in 2019, and even a recession in some cases!

The backgrounds of these “doom and gloomers” is across the board, so their motivations for these predictions are all different as well.

“Experts” from the “biased, liberal, fake news media” are of course trying to set-up a self-fulfilling prophecy for their own political benefit; the country be damned.

Some “experts” are just trying to be contrarian in order to stand out.

Some “experts” are just plain confused, and they are over-analyzing the economy in general.

And some “experts” really aren’t experts at all, and they’re just wrong.

Just to name a few, we’ve got Henry Fernandez of Fox Business News claiming, “The US economy will likely fall into a recession next year.”

We’ve got, Charles Schwab’s, Liz Ann Sonders, claiming, “The U.S. economy will likely fall into a recession next year.”

Kevin Kelleher of FORTUNE reminds us that, “2018 has been a banner year for economic growth,” (thank you for stating the obvious Kevin) but that “according to many economists,” “2019 will bring an economic slowdown with a recession possible in 2020.”

Benjamin Fearnow (aptly named) of Newsweek (“Weak News”) says, “CFOs predict 2019 recession, majority expect pre-2020 market crash!”  Mr. Fearnow goes on to say that, “An overwhelming majority of U.S. chief financial officers say the economy will sink into a recession by the end of President Donald Trump’s first term in 2020, and about half say it will happen next year.”

Wow!  So in this case, we’ve doubled down and are going “all in” on an actual “market collapse!” I’d like to see a list of these CFOs that gave their input on this.  I’m not so sure that CFOs (Chief Financial Officers) are the right ones to be getting this information from in the first place.  CFOs typically don’t make company policy, they bookkeep it.

“The end is near for the near-decade-long burst of global economic growth,” said John Graham, a finance professor at Duke University’s Fuqua School of Business and director of the survey, in a statement. “The U.S. outlook has declined; moreover, the outlook is even worse in many other parts of the world, which will lead to softer demand for U.S. goods.”

The “decade-long burst of global economic growth” referred to here was at the expense of The United States I’m afraid, Mr. Graham, and we weren’t an economic recipient of “that” growth, we subsidized it.

Economist Peter Schiff said that “We won’t be able to call it a recession, it’s going to be worse than the Great Depression…, the U.S. economy is in so much worse shape than it was a decade ago.”

“Worse than the Great Depression?!”  Really Mr. Schiff?  You aren’t any relation to democrat congressman Adam Schiff are you?  Because if you were, that would explain your propensity for the absurd.

“Bloomberg” economics writer, Jeanna Smialek’s chose to go with the headline, “JPMorgan, Bank of America Detect Hints of a U.S. Recession Looming in 2019,” even though her article points out, “Wall Street’s biggest banks are scouring U.S. data for signals of an impending recession.  On balance, they’ve been finding that a 2019 downturn still isn’t likely…”

Ms. Smialek would seem fall into the “Experts from the “biased, liberal, fake news media,” who are trying to set-up a self-fulfilling prophecy for their own political agenda; the country be damned” group.

The resident “experts” on CNN, CNBC, and MSNBC have all, of course, chimed in with their predictions of demise regarding anything Trump related.

This list could go on, but you get the idea I’m sure.

Now, I, admittedly am no economics expert, but I have two eyes, a relatively functional brain, and some common sense.

Here is my take on the U.S.’s economy for 2019 and into 2020.

But first, a little historical perspective.

The economy started to improve immediately in December of 2016 and into 2017 after President Trump was elected, and that was just based on the expectations of the impact of his actions.

The President’s only real actions in 2017 had to do with the reduction of regulations and the signing into law of The Trump tax cut and tax reform plan.  The new law would not begin to offer any real benefits to people or to companies until 2018.

In 2018 individuals were able to keep a little more of their own money due to tax cuts, and business were more easily able to invest their own money in improvements and expansion with drastically reduced capital gains tax penalties.

So in all reality, the United States economy is really only showing the benefits of the new tax laws and some reworked trade policies for about the last six months.

That bring us to 2019.

MrEricksonRules is predicting that 2019 will be an excellent year, economically, for The United States!

2019 will be the year that people see the real benefit of the new tax cuts law.  Families across the country will pay thousands less in taxes and/or get thousands more back.  This can only help stimulate the economy even more in the second and third quarters of 2019.

Although many of these “experts” see President Trumps “tariff wars” as economic negatives, I can only see them being a positive thing for our economy.  I see businesses across the board beginning to reap the benefits of the new USAMC trade agreement with Mexico and Canada, and the same goes especially for the new agreements with China.

Also, as part of the Tax Cuts and Jobs Act of 2017, and a recent directing Executive Order, President Trump is encouraging long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors, which should also help to stimulate the economy in whole new areas.  It also directs government entities to prioritize these zones for expenditures as well.

2019 will also see record revenues for the federal government, due to the booming economy and the increase in the number of taxpayers overall.  These revenues may help us to avoid increasing the federal deficit and possibly even work on bringing the deficit down.  At this point I would settle for just a slowing of the amount we owe.

So, based on my “expertise,” I would tend to disagree with most of these so-called “experts.”

I would go as far to say that 2020 will just build off of 2019, and that President Trump will be running for re-election having orchestrated the most impressive economic turn around and economic run since Ronald Reagan in the early 80’s.

Larry Kudlow, who is serving as president of the National Economic Council under President Trump, seems to agree with me, when he says,  “In my personal view, our administration’s view, recession is so far in the distance I can’t see it,” Kudlow said. “The basic economy has reawakened and it’s gonna stay there…, I mean, I’m reading some of the weirdest stuff, how a recession is around the corner.  It’s nonsense.”

I think The President would second that notion as well.

Regarding the Stock Market, I believe there is still a lot of value to be had there.  I feel the Market remains undervalued at this point.

Paul Dietrich of FOX Business feels the same way I do.  He goes on to say, “There seems to be a new “fear of the day” knocking down the stock market.  Chinese trade talks, Brexit, government shutdowns, Fed rate hikes, inverted yield curves or Trump’s tweets all seem to be culprits in this conspiracy to drive down the stock market.  None of these issues have any significant impact on the underlying U.S. economy.”

Overall, The Market will continue to bounce up and down, but also maintain its positive general momentum.

Remember, however, that what’s good for Wall Street is not necessarily what’s good for Main Street.

In 2019 and 2020, we’ll take a look back and see how I did versus “the experts.”

If any of the media outlets want to contact me at some point regarding business and economic prospectives, you can do so via the “contact” feature on my blog website.

 

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Thank you, MrEricksonRules.

mayan calendar

 

“Why didn’t I think of that!? I did, I did think of that!”

We all get great ideas form time to time, and we may share them, but nothing happens, and then they fade away, and then a couple years later we see someone getting rich off of doing what we had the idea to do.

Well here are some business ideas I’ve had knocking around in my head.  I know I won’t execute these ideas, but at least now I’ll be able to point back to this blog and take some credit for the idea!:

I know all of the Toys R Us stores have closed, and the company has filed for bankruptcy, but I believe there’s still a niche out there for Toys R Us.

I have heard that a group of investors is considering raising Toys R Us from the dead.  If they do, here are my suggestions for them:

The new Toys R Us should consolidate the number of stores, down from the original 800+ stores, to half of that number, or even less.

The new Toys R Us does not need to be open every day.  Besides Christmas time, people primarily shop for birthday presents throughout the year.  I would recommend that stores be open only two weekends a month, January through November, and open from Black Friday through Christmas in December.

The new Toys R Us would only carry toys and entertainment items for kids.  Diapers, clothing, etc. would no longer be sold there.

A new emphasis would be put on the Toys R Us “on-line” store as well. On-line orders would be shipped from the regional stocking centers, consolidating stock orders and saving on shipping costs to the stores and to the on-line customers.

In these ways the company would become “the king” of toys again,  save money on physical locations, save money on labor costs, and turn going to Toys R Us into more of an event rather than just another shopping trip.

Another idea I had was to bring back “full service” at some gas stations.

At some stations it would only be certain designated pumps, while other gas stations could be exclusively “full service.”

So what do I mean by “full service?”

Well, the base level could mean just pumping the gas and accepting payment from you so you don’t have to get out of your car.

The next level up could include cleaning the windows.

Another level up could include checking and filling washer fluid.

Another level up could include getting items from the store inside for you.

Of course, the more you ask for the more you pay.

I can also envision a NASCAR type pit crew station that runs out to your car and gives it the once over, including all of the other services.   This would be kind of a novelty, but I think people would get a kick out of it.

I believe there is a “high end” niche for everyday items and services, ala Starbucks, mail order food services, dog walking, etc.

Another idea I’ve had is that of incorporating slot machines into assisted living communities and centers.

Most of these places already get together for bingo and other games, so why not take it to the next level?

Unless some laws change in most areas, the residents couldn’t gamble for money, but I’m sure the credits they win could be exchanged for other items and services within the community.

NOTHING, and I mean NOTHING, lights up the spirits of people this age like the excitement offered by a trip to a casino, and this would be the next best thing.

Believe me, there would be long, long waiting lists for people trying to get into these “slot machine friendly” facilities.  They’d be able to charge considerably more on a monthly basis for living there as well.

Another option might be for existing casinos to get into the assisted living business.

Most casinos already have an attached hotel.  How much of a stretch would it be for these casinos to construct attached assisted living facilities?

Talk about a self-sustaining operation and investment!

Lastly, I have an idea for a delivery company.  You could call it “Fetch,” Go Get it!” or something like that.

This service would operate similarly to Uber.

Users would have pre-registered accounts.

Instead of requesting a ride somewhere, customers would request something be picked up or purchased for them and then delivered to them.

Potential “Go-getters” would respond to requests with bids, from which the requestor would select.

The innate laziness of Americans these days would fuel this business.

For example: You’re watching a movie with your girlfriend, your boyfriend or your crew, and someone mentions Taco Bell and everyone is dying to get some, but it’s pouring out and nobody wants to fly.

No problem!

You get on your “Fetch” app, and request 10 Doritos Locos tacos.

The cost of the tacos alone is $19.  A “Fetch” “Go-getter” in the area bids $35 to go to Taco Bell, buy the tacos, and deliver them to you in about 20 minutes.

You agree to their bid, you credit card is charged, and in no time you’re enjoying your tacos and finishing up your movie.

This service would also come in handy when you’re having a party, you can’t leave, but you’re running out of ice, beer, etc.

What if you show up at your in-laws, but forget it was you mother-in-law’s birthday!?  No problem.  Call “Fetch” and have some flowers brought over!

These are just four business ideas I’ve had.  Please feel free to make them your reality if you can!  I really like these ideas, but I would never have the resources, or the capacity to put them in motion myself.

Stay tuned for more amazing ideas in the near future!

 

NOTE:  If you’re not already “following” me and you liked my blog(s) today, please scroll down to the bottom of the page and click the “Follow” button.  That’ll keep you up to date on my latest posts.

Thank you, MrEricksonRules.

lloyd xmas

 

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