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Bursting the jobs numbers bubble

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Well, I really don’t want to burst anyone’s bubble. After all, when I get good news, the last thing I want is to see another episode of Adam Ruins Everything and suddenly what I thought was great news is only going to be marginally beneficial … maybe. Before I get started, though, I want one thing to be crystal clear: I am not an economic wizard. As a matter of fact, I don’t want anyone to think I am even slightly good with economics, especially on a national scale. But I don’t think I have to be; common sense should be enough.

Since before President Trump’s inauguration, he has been making deals. What started with Carrier back in late November, 2016, with the “saving of 1000 jobs” as it was reported, jobs numbers have been on a positive move. As an aside, the NYSE and other markets began a steady trend upward on November 9, 2016 that has continued a generally positive movement. Things look good and we are not yet tired of winning. Right? Let’s analyze what over 1 million newly added and filled jobs means.

First, I really hope for the best and for these jobs (and the markets) to continue the positive growth. The recent proposal to immigration in favor of American workers will certainly help growth, both in jobs and the economy. Bringing talented individuals to partake in the American dream is something we all embrace. Innovation and work is good for them, for us, for America and ultimately for the world. First, however, the immigration bill, or RAISE Act, must become an actual piece of legislation; second to be voted on and, third, signed into law. Expect a lot of push-back from the Democratic Liberals on why this legislation is bad: its racist, Islamophobic and “too cosmopolitan” for the globalist elites, are my guesses. I expect 6 months or more before the RAISE Act is actual law and, most likely, part of a larger immigration reform package.

Since January, 2017 the jobs numbers have surged. Not small numbers, massive numbers that, frankly, the Democrats probably find disappointing because they haven’t been able to achieve these growth rates in … well, decades. And President Trump has only been in office for 6 months. Obama’s 1st year in office witnessed the loss of 5 million jobs. In October, 2010, we saw those numbers begin to return with an additional 5 million over his tenure for a total of 10 million. That is roughly 1.67 million jobs per year, from October, 2010 through October, 2016. At this rate, under Trump’s watch, he should be able to easily match if not surpass Obama’s numbers.

The big difference is that Trump didn’t have to make up for lost ground. He started his tenure in office gaining jobs. Now, I’m not discussing whether or not Trump can actually be credited with the gains. Frankly, I don’t care who gets the credit. The problem is that the gains for the American worker, as it stands now, will be minimal. Sure, we feel better when we are working and earning our way, providing for our family and able to make a vacation or two at some point in our lives. But we still have massive issues that are, quite simply, going to erode any good these jobs numbers project.

There are two glaring problems that the Gutless Old Party has yet to accomplish: 1) tax reform, and 2) repeal of Obamacare.

We still need tax reform. If we want corporate America to succeed, they need incentive – taxes and repatriation are two items that must be addressed. For the individual, so what if I have a job. I’m still paying exorbitant taxes. I have been promised tax reform and I want to see it before the 2018 filing season. Oh, and by the way, it would be beneficial to anyone wanting to keep their job on Capitol Hill to make tax reform retroactive to January 1, 2017.

We still have Obamacare. This piece of legislative and regulatory disaster has been most responsible for inhibiting growth in the public and especially the private sectors. Are we still going to have the IRS looking over our shoulders to make sure we have that burden securely fastened to our backs? Am I still going to be fined a penalty if I don’t have Obamacare?

And, finally, what really grinds my gears (thanks, Peter, for that) is that our Republican President says we need an addition $50 billion in this year’s debt ceiling and “we will reduce that to $30 billion next year.” Wait. What? I thought we were trying to limit government spending. Am I going to be able to go to the grocery store and tell them I have opted for an increased debt ceiling? No. And don’t give me this “reduce to $30 billion.” You aren’t reducing anything. You are increasing the debt ceiling by $80 billion over 2 years. And do you think I am naïve enough to believe that it will stop there?

All these jobs are necessary. We have the government’s subsistence to upkeep and that popping sound you heard was the button on the Fed’s fat pants. Yes, once again, our “conservative” Republicans in Congress are just as liberal with our tax dollars as the Democratic Liberals. The difference is who gets to be in control of the purse and spend the money. What is obvious is that two Liberal parties exist. They simply have different ways they want to spend our money.

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Economy

Most Americans must pull their heads out of the sand on the national debt

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Most Americans must pull their heads out of the sand on the national debt

How do you stop any conversation at a cocktail party in America? Bring up the national debt. Boredom will overcome everyone listening as the complacency associated with a very simple topic that has been rendered falsely complicated sets in. Everyone will go glassy-eyed. People will nod in agreement while simultaneously not listening to anything you’re saying.

That’s the state of the national debt in the collective consciousness of Americans. Ask if it’s a problem and everyone will agree. Ask if it needs an immediate solution and most everyone will agree. Ask how they’ve voted to fix the problem or how they’ve demanded their leaders address the issue, and suddenly the drinks in their hands become much more interesting than they were moments before.

The problem with the debt isn’t that people don’t know about it. It’s that they just don’t care. Every American alive today who has paid even a little attention to the news in their lives has heard about the crippling effects of the national debt ever since the first real warning bells were sounded. Those bells rang out following the passage of the New Deal when expected GDP growth didn’t match expenditure growth. The result was the debt breaching the 40% mark of GBP. It was the end of the world for many economists who saw no way out.

At the time the national debt was 40% of GDP at $34 billion. Today, it’s 106% of GDP at nearly $23 trillion.

This is a problem that has no face, no tangible effects on the population, and no easy solutions. Entitlement reform is grossly unpopular, yet absolutely necessary to even start the process of fixing our debt issue. But entitlement reform would mean politicians would lose elections, most likely Republicans. Most of them have no intention of taking on something that’s desperately necessary yet immensely unpopular.

The Manhattan Institute’s Brian Riedl took to PragerU to discuss the omnipresent problem that nobody likes to think about. We need to start thinking about it immediately. Otherwise, the problem will “solve” itself.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Democrats

More is never enough: AOC calls Amazon’s $15 per hour minimum wage ‘starvation wages’

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More is never enough AOC calls Amazons 15 per hour minimum wage starvation wages

What is the limit to how high many Democratic Socialists like Representative Alexandria Ocasio-Cortez want the minimum wage to go? More. It doesn’t matter how high it is. They’ll always want it to be higher. Never mind the economic consequences of increased costs. Does anyone really care if her policies would shut down many if not most small businesses? What’s wrong with exponential inflation as a result of devaluing wages by forcing the lowest level employees to make as much or more than skilled employees?

It’s all just details to Democratic Socialists. They want to attack the rich and destroy the poor. At least that’s what their policies would do whether they’re willing to acknowledge it or not.

The latest victim of AOC’s wrath is an old foe: Amazon. She and other socialists like Senator Bernie Sanders have been going after Amazon for a while. The latest insult hurled by the freshman Congresswoman is also an old one, though with new wording. She accused the e-commerce giant of paying their employees “starvation wages.”

Here’s the problem. Amazon has a self-imposed minimum wage of $15, the number Sanders, Ocasio-Cortez, and other Democrats have tossed out as the value they want for the national minimum wage. Amazon complied, but it wasn’t enough. In fact, they pay many of their workers higher and noted in a statement that they pay more as a starting point for employees in Staten Island near Ocasio-Cortez’s own congressional district.

“These allegations are absurd. Amazon associates receive industry-leading pay starting at $15 an hour – in fact, hourly associates at our Staten Island facility earn between $17.30 and $23 an hour, plus benefits which include comprehensive medical, dental, and vision insurance. On top of these benefits, Amazon pre-pays 95% of continuing education tuition costs through its Career Choice program for associates who want to pursue in-demand careers. For anyone who wants to know what it’s like to work in an Amazon fulfillment center, sign up for a tour today.”

That’s the thing with Democratic Socialists. Whatever demands anyone meets are yesterday’s demands. If they say they want $15 per hour and that gets delivered, they will not celebrate it as a victory for long. They’ll quickly turn around and demand $20 per hour. Why? Because more is never enough.

More is the starting point for Democratic Socialists. It’s also the middle; those who deliver on the demands of socialists will invariably be told the new demands are more. And more. And more.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Democrats

Justin Haskins: ‘Socialism is completely antithetical to human nature’

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Justin Haskins Socialism is completely antithetical to human nature

Bernie Sanders has a vision for America. A path, as he likes to call it. This path is one that takes us down a winding road of “Democratic Socialism” all the while knowing the end result can be no different from every other path to socialism that has ever been tried. Socialism doesn’t work regardless of what path or which direction you take to get there.

But that’s not stopping proponents of Democratic Socialism, which seems to include the majority of the Democrats running for president today. Led by Sanders and his ideological cohort in the Senate, Elizabeth Warren, the notion that if you take from the rich by force and give it to the poor to “earn” their vote has become the calling card of the Democratic Party. It may have always been heading in this direction, but the 2020 election is shaping up to be either a full embrace of socialism within the party or the (hopefully) final mandate handed down from the people that America refuses to adopt the destructive tenets of a demonstrably poor ideology.

Anyone who thinks socialism will not come full circle if allowed to spring forth in part clearly doesn’t understand the nature of socialism itself. Once the seeds are planted by politicians, fed and watered by voters, and cultivated into laws, it begins the inevitable and unstoppable trend of self-sustained growth. A little socialism is like a plague that spreads until it is all-consuming.

The Heartland Institute‘s Justin Haskins joined Fox News host Tucker Carlson to lambaste the Senator’s repetitive talking points. He and others in his party want to win over the people by offering free stuff. Will voters fall for it?

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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