Archive for the ‘Economy’ Category

GETTING CLOSER TO ‘SHOVEL READY’

Thursday, January 16th, 2020

 

What better way to slow the growth of a dynamic country such as ours, than to impose restrictive and time consuming environmental regulations.  Was  that  possibly  the plan of the Green/Globalist/Marxist Movement?   Ya think???   Nancy

THE WALL STREET JOURNAL

Getting Closer to ‘Shovel Ready’

Environmental impact statements shouldn’t take 13 years and more than 16,000 pages.

The Editorial Board  January 13, 2020

Traffic backs up on Interstate 70 near Silverthorne, Colo., Jan. 7, 2018. PHOTO: THOMAS PEIPERT/ASSOCIATED PRESS

EXCERPT FROM THIS ARTICLE:  On Thursday the Trump Administration released a proposed rule to streamline NEPA reviews. One highlight is that the process would have presumptive limits: two years and 300 pages for a full environmental impact statement; or a year and 75 pages for a smaller environmental assessment. Thorny cases could go longer with written approval by “a senior agency official of the lead agency.”

If you visit an aging American megaproject—say, the Hoover Dam—you’ll probably see a startling statistic about how quickly it was built. Congress authorized the damming of the Colorado River in 1928, construction started in 1931, and the 726-foot concrete wonder opened in 1936. That’s a “shovel ready” job.

Today even modest public works, including roads, bridges and airport runways, can spend years in limbo, no thanks to the National Environmental Policy Act, or NEPA. That 1970 law requires an environmental study of any major project that involves federal funding or permitting. NEPA hasn’t been overhauled in 40 years, which is why the Trump Administration deserves applause for moving last week to modernize it.

Everybody wants to protect the environment. But NEPA isn’t doing the job sensibly. No single agency has responsibility for its enforcement, unlike the Clean Water Act or the Clean Air Act. There’s no obligation for the feds to keep a specific timeline. Environmental assessments and impact statements are often monstrously detailed, since agencies and sponsors are trying to make them litigation proof.

The result is a regulatory morass. From 2013 to 2017, the average final impact statement took more than four years and ran 669 pages, the Council on Environmental Quality said last summer. The longest file was for a contentious 12-mile expansion of Interstate 70 in Denver. The final report ran 8,951 pages, plus another 7,307 pages of appendices. The whole rigmarole took 13 years.

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“AMERICAN CITIZENSHIP IS ERODING” – VICTOR DAVIS HANSON

Saturday, December 28th, 2019

 

IMPRIMIS

“American citizenship is eroding”

November 2019  • • Victor Davis Hanson

The following is an abridged version of a talk delivered at Hillsdale College on October 2, 2019, during the College’s 175th anniversary gala. Videos of this and other speeches delivered during the gala are available at fourpillars.hillsdale.edu.

Today many condemn the idea of nationalism by connecting it to race hatred (e.g., white nationalism). But historically, the modern nation-state has proven uniquely suitable to preserving individual rights. The American nation in particular was successful in uniting individuals of different races, ethnic backgrounds, and creeds into one people based on shared principles, a unique physical space, and a common national story. Our nation is the best example in human history of positive nationalism.

The key to this benign nationalism is American citizenship, based on an understanding of American exceptionalism and formed by the American melting pot. But today, our citizenship is eroding and, along with it, American nationalism in the positive sense is disappearing.

American citizenship is eroding in three ways.

First, we are blurring the line between mere residents and citizens. We have between 45-50 million non-native-born residents in the U.S. today—the largest absolute number we’ve ever had. There’s no legal problem with the 30 million of them who have green cards or have acquired citizenship—although even 30 million is a challenge for the American melting pot to assimilate and integrate.

But we also have, according to a recent Yale and MIT study, about 20 million people who are here illegally. In regard to them, the classical ingredients of American citizenship—the right to leave or enter the country as one pleases, for example, or to vote in elections, or to reside here as long as one pleases—are being blurred.

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USMCA – HOW IT HELPS OUR FARMERS

Wednesday, December 18th, 2019

 

This is the first article that I have read that  clearly discusses how the USMCA will help American  farmers. It also points out the differences between NAFTA and the USMCA.   Nancy
 THE WALL STREET JOURNAL 

Got Trade? Dairy Farmers Stand to Gain From the USMCA

The newly signed deal is sweet relief to farmers in rural districts like mine in North Carolina.

By Ted Budd    Mr. Budd, a Republican, represents North Carolina’s 13th Congressional District.  December 14, 2019

The trade agreement negotiated in 2018 by the U.S., Mexico and Canada languished for more than a year as congressional Democrats pressed the Trump administration to extract concessions from Mexico on labor regulations and pharmaceutical patents. The amended USMCA, successor to the North American Free Trade Agreement, was signed this week, putting an end to 14 months of political wrangling. But to those of us who live in farm country, the pact means a lot more than politics.

To Sam Dobson, whose farm in Statesville, N.C., has been in his family for 150 years, the USMCA represents hope. He is a seventh-generation dairy farmer, and the USMCA boosts the chances that his son Chase will be the eighth. “In agriculture, your goal is to leave a legacy and not a liability, and the No. 1 goal for us on our farm is to leave our farm and our legacy just a little bit better than we found it when we got it,” says Mr. Dobson.

Since Nafta came into force, U.S. agricultural exports to Canada and Mexico have quadrupled, from $9 billion in 1993 to $39 billion in 2017, according to the American Farm Bureau Federation. But dairy farmers were left behind as other agricultural exports boomed. U.S. milk prices are in the fourth year of a slump due to chronic oversupply. Canada has historically restricted how much U.S. milk it imports, putting U.S. dairy farmers at a disadvantage.

Farmers in Iredell County, N.C., which I represent in Congress, produce more than 3 billion gallons of milk a year, according to the American Dairy Association of North Carolina. In the 1970s, there were more than 200 dairy farms in Iredell County. Now there are 22. This is a trend that goes far beyond North Carolina. The U.S. Department of Agriculture reports that 2,731 dairy farms across the U.S. closed last year due to a combination of low profit margins and a gradual decline in milk consumption. “Without these agreements,” Mr. Dobson says, “you’re going to see a disappearance of the industry.”

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C-SPAN VIDEO DONALD TRUMP SPEECH 2013

Wednesday, September 25th, 2019

 

You have got to see this amazing video of a speech given by Donald Trump in 2013 !   Thanks to Anthony Bruno for sharing with us.  Nancy

I wonder how many people were aware of this.
I came across this 30 minute video that was recorded at the Family Leadership Summit
in August, 2013, two years before he announced he was running for the presidency.
Trump’s message six years ago remains the same today….
C-SPAN VIDEO

Speech: Donald Trump Delivers a Speech in Ames, IA – August 10, 2013

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OBAMA’S INCREDIBLE MOVIE MAKEOVER

Monday, September 16th, 2019

 

This is an extremely informative and interesting article about the subject of Obama’s first film that he and Michele  produced with Netflix.  As you will read, the author of this article is very critical of the part that Obama played in the original closing of this GM plant during the 2008/2009 financial crisis which Obama does not mention at all in his movie .  Talk about chutzpah !!!
I have included the official trailer of this movie and a link to view the entire movie at the bottom of this WSJ article.   Nancy
THE WALL STREET JOURNAL

Obama’s Incredible Movie Makeover

The former president has produced a film about a factory closing—without mentioning his own role in the drama

By Mike Turner,  Mr. Turner, a Republican, represents Ohio’s 10th Congressional District.  He served as mayor of Dayton , 1994 – 2002
September 14, 2019
EXCERPT FROM THIS ARTICLE:  It’s a fascinating and at times moving film. What’s interesting about it, though, is that it never once alludes to the part Mr. Obama played in diminishing the ability of Moraine’s laid off workers to transfer to other GM plants. The president’s role wasn’t indirect and isn’t a matter of dispute: His administration’s bailout deal for GM included a backroom exclusive agreement with the United Auto Workers. The hypocrisy of this Obama-backed film is astounding. Mr. Obama fails to acknowledge his direct role in creating the hardships the Moraine workers weathered. He had nothing whatsoever to do with the plant’s reopening—that was all the work of state and local officials and community leaders.

To put the point bluntly: If the president had his way, there would have been no plant to make a documentary about. “American Factory” would have been “Abandoned Parking Lot.”

Higher Ground, the production company formed last year by Barack and Michelle Obama in conjunction with Netflix, recently released its first film. “American Factory” is a documentary about a General Motors plant in Moraine, Ohio, a suburb of Dayton. The plant closed in 2008 and was reopened by a Chinese auto glass manufacturer in 2015. The film follows the lives of both the laid-off American workers and the Chinese workers brought in to run the new plant.

It’s a fascinating and at times moving film. What’s interesting about it, though, is that it never once alludes to the part Mr. Obama played in diminishing the ability of Moraine’s laid off workers to transfer to other GM plants. The president’s role wasn’t indirect and isn’t a matter of dispute: His administration’s bailout deal for GM included a backroom exclusive agreement with the United Auto Workers.

How does a nearly two-hour film telling the story of these workers fail even to mention the direct role the co-owner of the film’s production company played in creating their hardships? Did the filmmakers think no one would remember?

A quick refresher. The Obama administration’s auto bailout highly favored the UAW and its members. The GM plant in Moraine was unionized by the IUE-CWA. So—despite being one of the top GM facilities for quality, efficiency and production in the country—it was shuttered, and its employees were put at the back of the line when requesting transfers to other GM plants. Any non-UAW employees looking to transfer were forced to start as new hires, wiping clean any wages, tenure, and benefits built up during careers at other GM plants.

American Factory” documents the UAW’s efforts to unionize the reopened auto glass factory without any mention of the same union’s direct role in the GM plant’s closure. The Dayton community was left out in the cold—thousands of jobs lost, families devastated, longtime GM workers out on the street looking for work.

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WARREN’S ASSAULT ON RETIREE WEALTH

Thursday, September 12th, 2019

 

THE WALL STREET JOURNAL

Warren’s Assault on Retiree Wealth

Her vision of ‘accountable capitalism’ would destroy savings built over a lifetime—and sink the economy.

By Phil Gramm and Mike Solon Mr. Gramm, a former chairman of the Senate Banking Committee, is a visiting scholar at the American Enterprise Institute. Mr. Solon is a partner of US Policy Metrics.   September 11, 2019

Who owns the vast wealth of America? Old folks. According to the Federal Reserve, households headed by people over the age of 55 own 73% of the value of domestically owned stocks, and the same share of America’s total wealth. Households of ages 65 to 74 have an average of $1,066,000 in net worth, while those between ages 35 and 44 have less than a third as much on average, at $288,700.

A socialist might see injustice in that inequality. But seniors know this wealth gap is the difference between the start and the finish of a career of work and thrift, making the last mortgage and retirement payments rather than the first. Seventy-two percent of the value of all domestically held stocks is owned by pension plans, 401(k)s and individual retirement accounts, or held by life insurance companies to fund annuities and death benefits. This wealth accumulated over a lifetime and benefits all Americans.

That means it’s your life savings on the line—not the bankroll of some modern-day John D. Rockefeller—when Democrats push to limit companies’ methods of enriching their shareholders. Several Democratic congressmen and presidential candidates have proposed to limit stock buybacks, which are estimated to have increased stock values by almost a fifth since 2011, as well as to block dividend payments, impose a new federal property tax, and tax the inside buildup of investments. Yet among all the Democratic taxers and takers, no one would hit retirees harder than Sen. Elizabeth Warren.

Her “Accountable Capitalism Act” would wipe out the single greatest legal protection retirees currently enjoy—the requirement that corporate executives and fund managers act as fiduciaries on investors’ behalf. To prevent union bosses, money managers or politicians from raiding pension funds, the 1974 Employee Retirement Income Security Act requires that a fiduciary shall manage a plan “solely in the interest of the participants and beneficiaries . . . for the exclusive purpose of providing benefits to participants and their beneficiaries.” The Securities and Exchange Commission imposes similar requirements on investment advisers, and state laws impose fiduciary responsibility on state-chartered corporations.

Sen. Warren would blow up these fiduciary-duty protections by rewriting the charter for every corporation with gross receipts of more than $1 billion. Every corporation, proprietorship, partnership and limited-liability company of that size would be forced to enroll as a federal corporation under a new set of rules. Under this new Warren charter, companies currently dedicated to their shareholders’ interest would be reordered to serve the interests of numerous new “stakeholders,” including “the workforce,” “the community,” “customers,” “the local and global environment” and “community and societal factors.”

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DEMOCRATIC DOOMSAYERS

Wednesday, August 7th, 2019

 

WASHINGTON EXAMINER

Democratic doomsayers

To hear most of the Democratic presidential candidates is to wonder if their role model growing up was Chicken Little.

In a time of unprecedented peace and prosperity, arguably at the height of America’s power and inarguably at the height of her wealth, they all yell that the sky is falling, while demanding radical solutions to protect the nation from the dragons in their minds.

Sen. Bernie Sanders asserted in Tuesday night’s debate a need to “transform our economy and our government.” Bill de Blasio went further, calling on his listeners to “restructure society” itself, starting by “tax[ing] the hell out of the wealthy.” Spiritualist Marianne Williamson said, “the NRA has us in a choke hold, but so do the pharmaceutical companies, so do the health insurance companies, so do the fossil fuel companies, and so do the defense contractors.” Sen. Elizabeth Warren agreed: “Giant corporations … have taken our government and are holding it by the throat.”

Now put these alarmist comments into context. The nation’s unemployment rate has been at or below 4% for 16 consecutive months, the lowest in half a century. Wages have been rising steadily for seven years. Inflation remains below 2%. Inflation in health-related prices is below even the core inflation rate. The stock market is reaching record highs each month. The poverty rate is at or near historic lows, as are rates of violent crime.

These good numbers don’t even account for the much higher rise in actual standard of living and discretionary leisure time enjoyed in America today.

Abroad, meanwhile, we are at peace. The grand total of fewer than 17,000 troops in even semi-hot, bullets-flying war zones is quite low, and combat fatalities are averaging fewer per year than they averaged per day for most years in Vietnam.

Yet Democratic candidates talk as if America is a dystopian wasteland straight out of science fiction. Marianne Williamson said there is a “dark underbelly of American society,” a “dark psychic force of the collectivized hatred that this president is bringing up.“

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5 MINUTE VIDEO – PRAGER U THE GREEN NEW DEAL

Tuesday, July 30th, 2019

 

5 MINUTE VIDEO – PRAGER U

What’s the Deal with the Green New Deal?
There’s been a lot of talk about The Green New Deal. Beyond the headlines, what is it really? Given our energy needs, is it practical? Can we have an abundance of energy and a clean planet? Alex Epstein, author of The Moral Case for Fossil Fuels, considers these questions and has thought-provoking answers.
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XI JINPING VERSUS TRUMP – A UNIFIED WORLD RULED BY THE CHINESE

Monday, July 29th, 2019

 

THE WALL STREET JOURNAL

Xi Changed My Mind About Trump

The president defends not only U.S. sovereignty but the entire world order.

By Gordon G. Chang   Mr. Chang is author of “The Coming Collapse of China” and is frequently seen on Fox News giving his analysis of China’s latest actions
July 25, 2019
Chinese President XI Jinping proposes a toast in Beijing, April 26
EXCERPT FROM THIS ARTICLE: As the Hudson Institute’s Charles Horner told me by email last week, many world leaders are nationalistic, but Mr. Xi is the only one whose “officially propounded nationalism takes the form of a global imperial vision.” That is consistent with his lawless behavior: treating neighbors as vassals, taking territory, closing off the global commons and intimidating leaders around the world.

“Tianxia,” Fei-Ling Wang notes, “inevitably and even necessarily makes the People’s Republic view and treat its neighbors and eventually all other states as essentially nonequals and lesser entities, to be influenced, controlled and subjugated with force, money, favor, ruse and fear.”

China is not, as some believe, a “trivial state” that seeks nothing more than to preserve its regime and defend its territory. With Mr. Xi pursuing tianxia ambitions, the world could use more of Mr. Trump’s defense of sovereignty, and even a little more “America First.” These concepts are not, as I once thought, unnecessarily provocative. They are a necessary defense of the centuries-old international order against an existential threat.

At first I had no idea why President Trump talked so much about sovereignty. I’ve changed my mind. To be more precise, Xi Jinping changed it. Mr. Trump is the only thing that stands between us and a world dominated by China.

“We do not expect diverse countries to share the same cultures, traditions, or even systems of government,” Mr. Trump told the United Nations General Assembly in September 2017. “But we do expect all nations to uphold these two core sovereign duties: to respect the interests of their own people and the rights of every other sovereign nation.”

Mr. Trump mentioned sovereignty 21 times in that speech. Why? Everyone knew America was a sovereign state, one of nearly 200 in the world. The idea of sovereignty has been firmly established for more than three centuries. Mr. Trump’s defense of it seemed unnecessary.

Yet for more than a decade, President Xi has been dropping audacious hints that China is the world’s only sovereign state. As a result, I have come to believe that Mr. Trump’s defense of sovereignty is essential to maintaining international peace and stability.

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VIDEO – ELITES VERSUS MIDDLE AMERICA

Sunday, July 28th, 2019

 

One of the most hopeful and inspiring speeches I’ve ever heard. I guarantee you won’t regret the 20 minutes it takes.

Senator Hawley’s keynote at the National Conservatism Conference

10,899 views

Published on Jul 17, 2019

This week Senator Josh Hawley (R-Mo.) delivered a speech at the National Conservatism Conference where he discussed the state of American politics today. Senator Hawley also addressed the growing divide between cosmopolitan elites and the rest of America and the need for policies geared toward the great American middle.

 

 

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