Archive for the ‘Economy’ Category

BAD IDEAS – UNIVERSAL BASIC INCOME – NEVER SEEM TO DIE

Tuesday, October 23rd, 2018

 

THE WALL STREET JOURNAL
A Universally Bad Idea

Silicon Valley titans push the Marxist-Leninist nonsense of a guaranteed income.

By Andy Kessler    October 22, 2018

Bad ideas just won’t die. Ronald Reagan’s goal was to “leave Marxism and Leninism on the ash heap of history.” But they keep coming back, albeit in different forms. Of today’s bad ideas—from net neutrality to open curriculum and living wages—the most dangerous is the universal basic income.

For twisted reasons, Silicon Valley, the embodiment of meritocracy and incentives, thinks universal basic income will be the next great economic force. Facebook co-founder Chris Hughes is helping to fund a UBI pilot program in Stockton, Calif. He even wrote a book about the idea—something about 1%-ers paying money via tax credits—hardly original.

He’s not alone. Barack Obama has recently expressed interest in the idea. So have Bill Gates, Richard Branson, Mark Zuckerberg, Elon Musk, Marc Benioff and others in Silicon Valley. Why? I figure it’s their misplaced guilt about patriarchal dominance over workers displaced by automation. That’s a triple crown of bad excuses.

A Universally Bad Idea
PHOTO: ISTOCK/GETTY IMAGES

The enthusiasm seems infectious. In July, Chicago Alderman Ameya Pawar told the Intercept, “We need to start having a conversation about automation and a regulatory framework so that if jobs simply go away, what are we going to do with the workforce?” It wasn’t a long chat. This summer, Mr. Pawar introduced legislation for a pilot program that would give $500 a month to 1,000 families. Think of it as a new version of walking-around money. Never mind that Chicago can’t even afford to fund its public-employee pensions.

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FRIENDLY ADVICE FOR CHINA’S LEADERS

Saturday, August 25th, 2018

 

Very informative background information on how the U.S. has helped China to become the economic powerhouse  that it is today and that the time has come to end the favorable trade terms that China enjoys.  Nancy
    
THE WALL STREET JOURNAL

Some Friendly Advice for China’s Leaders

You can’t expect to keep receiving favorable trade and investment terms unless you reciprocate.

 

The trade dispute between the U.S. and China threatens to destabilize arguably the world’s most important bilateral relationship. A better understanding of the countries’ shared history may encourage wiser negotiations.

There is a great deal of pride in China for the country’s remarkable success. Compared with our population of roughly 300 million, China has a population of 1.4 billion. It should be no surprise that China is now the world’s second-largest economy. Since its economic opening in the 1970s, many Chinese citizens have been educated in the U.S. and then returned to China to become leaders in government and industry. The China of today is fully capable of competing with foreigners in its domestic markets on a level playing field, as its firms have proven overseas.

The contributions the U.S. has made to China are worth noting. Starting in 1900, the Open Door policy, advanced by the U.S., spared China from European colonization. Prior to World War II, the U.S. imposed an embargo on Japan and deployed military assets to the Pacific in defense of that policy. Before the U.S. entered the war, the Flying Tigers, an American volunteer group, were recruited from the U.S. military and mobilized to assist China’s defense against Japan. The U.S. provided extensive additional support throughout the war to the Chinese and ultimately spilled considerable blood on their behalf. At war’s end, the U.S. ensured that China was included as one of the five permanent members of the United Nations Security Council.

After the Chinese Revolution in 1949, Mao Zedong established the People’s Republic, sending the Chinese into international isolation for two decades. Then in 1972, President Nixon and national security adviser Henry Kissinger re-established bilateral ties by signing the Shanghai Communiqué during the president’s historic visit to China. It was in the national interest of both countries to foster a more constructive relationship. Both viewed the Soviet Union as a strategic threat.

China was populous and rich in natural resources, but its economy was minuscule and in shambles from a decade of internal conflict. After Mao’s death, Deng Xiaoping sought stronger ties with the U.S. He understood that China’s future political stability would hinge on its economic success.

When bilateral trade resumed, the U.S. extended favorable trade terms to foster China’s economic growth. Tariffs on Chinese imports into the U.S. were low—on average a third of those on U.S. exports to China. Bilateral trade grew from zero to several billion dollars within a few years. In 1979 President Carter re-established formal diplomatic relations, and China was given most favored nation trading status. In 1981 the Reagan administration created a separate trade category for China to exempt it from restrictions on trade with every other communist country.

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2 VIDEOS – JUDGE JEANINE ON CLINTON AND ELIZABETH WARREN ON SOCIALISM

Monday, August 20th, 2018
VIDEO – FOX NEWS – ELIZABETH WARREN – NATIONALIZE MAJOR U.S. CORPORATIONS
VIDEO  – JUDGE JEANINE PIRRO – HILLARY’S PRIVATE EMAIL SERVER
This video is from 2016 but is full of information that  only Judge Jeanine can lay out so clearly
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FACEBOOK TO BANKS: GIVE US YOUR DATA, WE’LL GIVE YOU OUR USERS !!!!!

Monday, August 6th, 2018

 

I, for one, object !  How about you ?  Nancy

THE WALL STREET JOURNAL

Facebook to Banks: Give Us Your Data, We’ll Give You Our Users

Facebook has asked large U.S. banks to share detailed financial information about customers as it seeks to boost user engagement

August 6, 2018
Write to Emily Glazer at emily.glazer@wsj.com, Deepa Seetharaman at Deepa.Seetharaman@wsj.com and AnnaMaria Andriotis at annamaria.andriotis@wsj.com

The social media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services to users.

Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase JPM -0.31% & Co., Wells Fargo & Co., Citigroup Inc. -0.14% and U.S. Bancorp USB +0.08% to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter.

Facebook has talked about a feature that would show its users their checking-account balances, the people said. It has also pitched fraud alerts, some of the people said.

Data privacy is a sticking point in the banks’ conversations with Facebook, according to people familiar with the matter. The talks are taking place as Facebook faces several investigations over its ties to political analytics firm Cambridge Analytica, which accessed data on as many 87 million Facebook users without their consent.

One large U.S. bank pulled away from talks due to privacy concerns, some of the people said.

Facebook has told banks that the additional customer information could be used to offer services that might entice users to spend more time on Messenger, a person familiar with the discussions said. The company is trying to deepen user engagement: Investors shaved more than $120 billion from its market value in one day last month after it said its growth is starting to slow.

Facebook said it wouldn’t use the bank data for ad-targeting purposes or share it with third parties.

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280 % INCREASE IN YOUNG DEMOCRATIC SOCIALISTS OF AMERICA CHAPTERS IN COLLEGE CAMPUSES

Friday, August 3rd, 2018

 

Perhaps a semester studying abroad in Venezuela would open the eyes of these students to how Socialism  can destroy a country.   Nancy  

280 PERCENT INCREASE IN YOUNG DEMOCRATIC SOCIALISTS OF AMERICA CHAPTERS ON COLLEGE CAMPUSES

10:33 PM 08/01/2018
EXCERPT FROM THIS ARTICLE:
Democratic National Chairman Tom Perez recently called Democratic Socialist congressional candidate Alexandria Ocasio-Cortez the “future of the party.” Perez’s prediction may be correct as the number of a Democratic Socialist clubs on college campuses has skyrocketed since 2016.
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TAX CUTS ARE WORKING TO STIMULATE GROWTH

Tuesday, July 31st, 2018

 

Here’s a good article full of facts of why tax cuts are working  to stimulate the economy.  Send to your liberal friends (if you have any !)   Nancy
THE WALL STREET JOURNAL

Tax Cuts Bust ‘Secular Stagnation’

Progressive economists said growth was gone for good. Then Trump changed policy

July 30, 2018

Are low taxes key to a booming economy? Their success is harder than ever to deny after Friday’s report that the U.S. economy grew 4.1% in the second quarter, bringing the average quarterly growth rate during the Trump presidency to 2.9%. This explosive growth, and the accompanying spikes in hiring and wages, should finally discredit three popular claims made by opponents of the president’s policies: that tax cuts would blow a hole in the deficit, that corporate tax cuts would serve only rich investors, and that secular stagnation was a valid excuse for the slow growth of the Obama era.

In the first five quarters of the Trump presidency, growth has been almost 40% higher than the average rate during the Obama years, and per capita growth in gross domestic product has been 63% faster. As usual, the largest single beneficiary of faster growth is the government. The Congressional Budget Office reports that faster growth under President Trump has already added $1.3 trillion to the 10-year federal revenue projection, with the CBO’s April economic adjustment alone showing an addition of $1.1 trillion—the single largest growth-driven revenue gain ever reported. State and local governments can anticipate a similar dividend, amounting to as much as $600 billion.

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JUST HOW FAR WILL THE LEFT GO ? VICTOR DAVIS HANSON

Wednesday, July 25th, 2018

 

Just How Far Will the Left Go?

By Victor Davis Hanson| July 23rd, 2018

There was no honeymoon for the unlikely winner of the 2016 election. Progressives have in succession tried to sue to overturn Trump’s victory using several different approaches. First on the bogus claim of fraudulent voting machines. Then they sought to subvert the Electoral College by bullying electors into renouncing their respective states’ votes.

Massive protests and boycotts marked the inauguration. Then there were articles of impeachment introduced in the House. Some sued to remove Trump on a warped interpretation of the Emoluments Clause of the Constitution. Others brought in psychiatrists to testify that Trump was ill, disabled, or insane and should be removed in accordance with the 25th Amendment. The former FBI director, CIA director, and director of the Office of National Intelligence have variously smeared the president as a coward, a traitor, and a Russian mole.

The Mueller Investigation
We are about 430 days into Robert Mueller’s investigation; the special prosecutor whose team of lawyers and investigators has in a large part been made up either of Clinton donors, clear Clinton partisans, lawyers who have in the past represented Clinton interests or employees, or partisans already removed for expressing clear Trump hatred. The media grew ecstatic over its creation, dubbing it an “all-star” or “dream” team, as leaks assured the public that next week, next month, or “soon” there would be a sensational indictment proving that Trump colluded with the Russians to win the presidency.

We have gone through the psychodramas surrounding Michael Cohen, Stormy Daniels, Michael Flynn, Jared Kushner, Paul Manafort, Carter Page and a host of others. Any second, any minute they would be indicted for collusion in throwing an election, or they would soon flip and end the Trump presidency.

 

When we learned that Robert Mueller initially did not disclose to the media why he had fired Peter Strzok and Lisa Page, and why he had spaced out their firings to prevent the impression that they were connected, we were only reassured of the professionalism of the Mueller investigation.

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‘THE NAKED COMMUNIST’ 45 GOALS

Wednesday, July 11th, 2018

 

 

Thanks to Royal Brown, one of our readers, who has shared with us information he researched on the 45 goals that were stated in the book “The Naked Communist”   Nancy

 

Please see a complimentary article below that I wrote about 45 Goals of Communism.  Also if you go to the Democratic Socialists of America website you will see their platform resembles what is the gospel among Democrats today.

 

Very sobering but thank God for POTUS Trump and his Administration who are reversing Obama’s “fundamental transformation”.   Royal

You are about to read a list of 45 goals that were spelled out in the 1958 book “The Naked Communist” and were entered into the Congressional Record back on Jan. 10,1963, thanks to Hon. A.S. Herlong, Jr. of FL . As you read this, 54 years later, you may be shocked by the events that have played themselves out. Source – Communist Goals (1963) Congressional Record–Appendix, pp. A34-A35, 01/10/1963.

 

The comments in red are my own.  – Royal. (The comments in green, I believe,  are from a friend who was collaborating with Royal. )

Among collaborating sources include the Democratic Socialists of America’s own website Where We StandDemocratic Socialists of America

www.dsausa.org/about/where.htmlSimilar to Where We StandDemocratic Socialists of AmericaWHERE WE STAND. The Political Perspective of the. Democratic Socialists ofAmerica. Table of Contents. Preamble; Section 1: Democracy, Liberty and

 

  1. U.S. acceptance of coexistence as the only alternative to atomic war. DONE- The Treaty on the Nonproliferation of Nuclear Weapons, commonly known as the Non-Proliferation Treaty or NPT, is a landmark international treaty whose objective is to prevent the spread of nuclear weapons and weapons technology, to promote cooperation in the peaceful uses of nuclear energy and to further the goal of achieving nuclear disarmament and general and complete disarmament. Opened for signature in 1968, the Treaty entered into force in 1970.  It is important to note here that the effort was not one of peace in the world but an effort to weaken the United State’s military might worldwide as the Soviet Union at that time was far behind the US in technology and economy.  The failed challenge during the Cuban Missile Crisis earlier in the decade was a signal to the Communist world that they would have to use other tactics.

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THE COST OF ILLEGAL IMMIGRATION

Tuesday, February 6th, 2018

 

Please share this article .  The Republicans have not made the case in terms of the cost of illegal immigration.  It is up to us, the grassroots, to get this information out.
Also, if the information in this article alarms you, please call or write  your representatives and tell them to Build That Wall !   Nancy

The Cost of Illegal Immigration

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VIDEO – DAVOS – CEO’S FROM WORLDWIDE COMPANIES TELL TRUMP THEY ARE INVESTING MORE IN THE U.S.

Friday, January 26th, 2018

 

Watch President Trump at a meeting with CEO’s from major companies from around the world as they explain how their companies are going to be investing in the U.S. economy.    Nancy

VIDEO – America First: European CEOs Go One By One To Tell Trump They Are Investing Billions Back In The US

www.weaselzippers.us/372532-america-first-european-ceos-go-one-by-one-to-tell-trump-they-are-investing-billions-back-in-the-us/

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