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Trump expects Harley to lose money on his behalf one way or the other

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Trump expects Harley to lose money on his behalf one way or the other

American motorcycle motorcycle manufacturer Harley Davidson is in a tough spot. Tariffs imposed from Europe against imported motorcycles in response to President Trump’s tariffs on steel and aluminum have forced Harley to consider moving some production to Europe to avoid the tariffs. It’s a fair response, but the President is having none of it.

He has ratcheted up calls to boycott Harley over the potential move.

It’s imperative for President Trump’s reelection that these tariffs work. If they have the expected effect of bringing some jobs back while pushing others away, then they will be painted by the media as a failure. He knows this and therefore must do everything he can to keep jobs in America even if it means painting one of the most beloved American companies as the bad guys.

Trump backs boycott of Harley Davidson in steel tariff dispute

https://www.reuters.com/article/us-harley-davidson-tariffs-trump/trump-backs-boycott-of-harley-davidson-in-steel-tariff-dispute-idUSKBN1KX0J9The Wisconsin-based motorcycle manufacturer announced a plan earlier this year to move production of motorcycles for the European Union from the United States to its overseas facilities to avoid the tariffs imposed by the trading bloc in retaliation for Trump’s duties on steel and aluminum imports.

In response, Trump has criticized Harley Davidson, calling for higher, targeted taxes and threatening to lure foreign producers to the United States to increase competition.

My Take

What does he expect them to do? They will lose tens of millions of dollars if they continue to try to export motorcycles to Europe. They will lose even more if they stop selling motorcycles in Europe. If they try to mitigate the damage by moving some operations to Europe, the President wants them to lose money as a result. This, too, will likely result in cuts to the workforce.

In other words, President Trump will make certain Harley Davidson, an iconic American company, loses money and cuts American jobs no matter which direction they go. If he has an alternative for them that does not hurt Americans, I’m sure they’re all ears.

Most tariffs are bad in the 21st century. It’s impractical to believe we can maintain our supremacy as the world’s consumer if we continue to slap tariffs on some of our best trading partners. He either lacks the understanding of how this all works or has chosen to ignore the facts for the sake of spinning it for votes when his term concludes.

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Democrats

The real reason Kamala Harris and others keep dodging on Medicare-for-All funding

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The real reason Kamala Harris and others keep dodging on Medicare-for-All funding

Arguably the first major “dumb” moment for Alexandria Ocasio-Cortez was when she replied to a question about paying the $32 trillion price tag associated with Medicare-for-All. She said, “You just pay for it.”

Conservatives were laughing at the response while many Independents and even some Democrats were scratching their collective heads. But she meant exactly what we said. Let’s put a pin in that for a moment and move on to an interview Kamala Harris did with CNN.

Even the Democrat-friendly CNN reporter couldn’t help but press Harris about how she plans to pay for Medicare-for-All without raising taxes on the middle class. Bernie Sanders has acknowledged he’d have to raise taxes to pay for Medicare-for-All. What strange math does Harris know that Sanders does not? Is it simply artful dodging of the question over and over again as the Senator kept calling it an “investment”? Is she just pandering, knowing darn well she’ll have to raise taxes on everyone in order to fund socialized medicine but pretending like she won’t? Or is she being absolutely serious?

I’m going with that. She’s saying what she means. In essence, she’s saying what AOC said. Harris is just going to have the U.S. government pay for it even if tax dollars won’t cover it.

At this point one might be thinking that both Harris and Ocasio-Cortez are delusional. If that were the case, I wouldn’t be too worried. But they’re not delusional, at least not to the point that they don’t really know what they’re insinuating by saying the government is going to “invest” in Medicare-for-All and we’re just going to pay for it. There’s only one way to do this without drastic tax increases. It’s called Modern Monetary Theory and AOC has been on board with the disastrous concept since before she was elected. Now, it seems Harris is going to invoke the same methodology to pay for her version of Medicare-for-All and whatever else she has up her sleeve.

In essence, Modern Monetary Theory erases the fear of budget deficits and skyrocketing national debt by printing money. And more money. And again. Rinse. Repeat.

It’s the precursor for hyperinflation, though its proponents claim otherwise. They’ll tell you we’re already running trillion dollar deficits and nothing bad is happening, so why not keep going? Why not run five trillion dollar deficits? Or more? The government and the Fed have the power to keep printing as much money as they want, and as long as the U.S. Dollar is the world reserve currency, there’s really no way for hyperinflation to set in.

But it will. There’s no possible way to avoid it once the world takes note because they’ll instantly seek other avenues to replace the Dollar. That includes OPEC and the designation of the petrodollar being shifted. Nobody wants to rely on a currency that is being devalued by its own government. They’ll bail. And when they do, hyperinflation will set in.

When radical progressive politicians give strange responses about how they’re going to pay for their huge projects, take them at their word when they say they’ll just pay for it. They have a plan in mind that’s more dangerous than anything our economy has faced.

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

Socialist revolt: Sanders campaign staff union ‘fighting for $15’… for themselves

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Sanders campaign staff union fighting for 15 for themselves

Senator Bernie Sanders has marched with McDonald’s employees. He’s called on Walmart and other large corporations to pay their employees a “living wage.” He’s pushed legislation to make the national minimum wage $15 per hour. But as it turns out, he’s not only underpaying his own staff, but his leadership team is using the same arguments against the union that businesses have used against Sanders’s own rhetoric.

The Sanders campaign issued a statement Thursday from campaign manager Faiz Shakir. [Emphasis added]: “We know our campaign offers wages and benefits competitive with other campaigns, as is shown by the latest fundraising reports. Every member of the campaign, from the candidate on down, joined this movement in order to defeat Donald Trump and transform America. Bernie Sanders is the most pro-worker and pro-labor candidate running for president. We have tremendous staff who are working hard. Bernie and I both strongly believe in the sanctity of the collective bargaining process and we will not deviate from our commitment to it.”

According to union members, many on the staff are working as much as 60 hours per week, which brings their hourly compensation well below $15 per hour. Yet the work they do out in weather conditions, talking to people about policies, and memorizing said policies is arguably more skill-intensive than the entry level jobs the campaign says deserves to be paid higher.

The real minimum wage should be zero

In a free market economy, businesses negotiate deals in order to acquire the resources they need, including human resources. This is why setting an arbitrary minimum wage is philosophically ludicrous, especially at the national level. Businesses and employees should be allowed free and open negotiations. If a job is worth $5 per hour and there are people willing to do the work for that wage, so be it.

Then, there’s the real-world challenges with a national minimum wage that Sanders and other Democrats never tackle. For a small-town store in West Virginia, $15 per hour may be enough to force it to shut down. Meanwhile, it’s hard to get anyone in a city like San Francisco to do any challenging work for $15 per hour. When the national government sets mandates for states based on a universal criteria, it’s bound to fail. The United States is too economically diverse when it comes to labor for Washington DC to get involved.

Then, of course, there’s the non-partisan CBO’s report that raising the minimum wage would kill 1.3 million jobs.

Socialist politicians rarely have the stomach to turn their policy proposals towards themselves. But they’re not interested in equality for all. They want to be part of the ruling elite while the rest of us are equally miserable.

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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Conservatism

A trillion dollar deficit is much more dangerous than the GOP acknowledges

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A trillion dollar deficit is much more dangerous than the GOP acknowledges

Spending. It’s the thing that helped me make my decision to leave the GOP a few years ago as there seemed to be very little difference between them and the Democrats when it came to fiscal responsibility. Where we spend the money is the only big deviation, but both sides of the political aisle have an addiction to spend more than the country has available. In the past, this was dangerous because of the crushing force of national debt that will eventually bring about an economic collapse. Today, the risk is much, much greater and within immediate striking distance.

What a trillion-dollar budget deficit represents today is an avenue through which Modern Monetary Theory could actually be realized in the United States. Those who are familiar with MMT may still be as complacent about it as I was a year ago; “It’ll never happen, not in America.” But as Democrats push Medicare-for-All, the Green New Deal, open borders, state-funded education, reparations, and outright socialism, there’s only one conclusion that any economist or political pundit can come to: If the new thinking of the Democratic Party gets a foothold and initiates some of their plans, then MMT is the only possible way to make it happen.

They don’t even need to initiate all of them. Just one or two will be enough for catastrophe.

In other words, they’re policy proposals are already writing checks the U.S. can’t cash, so every scenario in which a partial implementation of these policies takes place can only happen through MMT. For those who don’t want to read up on it, MMT is essentially the practice of printing the cash to pay the bills. Proponents say it will be different this time from every other failed attempt at MMT because America is responsible enough and too crucial to the world economy for it to cause hyperinflation. Reading the delusional excuses for promoting MMT reveals an uncanny ability to deny reality while simultaneously suppressing common sense. It’s the type of thing that only progressive economic scholars can truly comprehend, and that should terrify you.

By moving the budget deficit into the ten-digit arena, we’ve broken a threshold that gives MMT legs. Whether it’s Alexandria Ocasio-Cortez saying, “You just pay for it,” or Elizabeth Warren constantly saying the rich will be taxed until it’s paid for despite the basic arithmetic that demonstrates this is impossible, they’ll all latch onto the notion that if we can spend a trillion dollars in one year that we don’t have, why can’t we spend two? Ten? Fifty?

On one hand, I want to do whatever it takes to convince Republicans they need to do what they campaign to do: cut spending. It’s not as easy as just pulling the plug on frivolous programs, services, agencies, and whole departments… except that it truly is that easy. It’s not popular. Some say it’s political suicide. But considering it’s never been tried in the modern era (no real cuts have been made to spending in decades), now is the time to be bold and do what’s right for the nation. The rise of the internet in general and social media in particular gives conservatives an outlet through which they can educate the masses about the need to make cuts. It’s something we plan on doing as part of the American Conservative Movement.

But on the other hand, one thing that can’t happen in trying to convince Republicans they’re doing it wrong by allowing them to lose. The Democrats are now more than the lesser of two evils. They’re dangerous. The plans they will implement are existential threats to America. Sadly, many of them know this. The Justice Democrats, who are driving the leftward lurch within the Democratic Party, are shockingly aware of what they’re trying to accomplish. Destroying and rebuilding America in their image is the end goal. That image is not a pretty one, even to the Justice Democrats, but things are rarely pretty when radicals get their hands on it.

Modern Monetary Theory will be implemented if the Democrats get full control. Unfortunately, Republicans aren’t helping fight it as long as they’re pushing such untenable budget deficits. It’s time for a heavy dose of fiscal conservatism.

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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