PIPE LINE ADDS JOBS

Another one of Trumps executive orders allows two oil pipe lines to be constructed or continued. “Great deal” Trump claims, “2500 jobs” he adds. Really Mr. Trump.

After construction of the pipeline only 100 jobs will be created to oversee the operation of the pipelines. And one pipe line from Canada going through Indian lands and pristine land, and to add insult to injury the oil will be going to China, not a drop to the U.S.

As a result the stock market sky rocketed especially oil stocks; again to help the wealthy at the expense of the poor Indians who don’t have the power nor the money to fight the oil giants.

BUILD THE WALL, TORTURE

For some one critical of Barack Obama signing executive orders President Trump has certainly done his share in his first week as our fearless leader.

The latest is to build his border wall, and restore torture.

 The wall is estimated to cost between $8 billion, Trumps numbers, upwards to $20 billion, more realistic. And he wants to hire 5000 more border patrol people. Again another Ronald Reagan who wants smaller government but who added to the national debt and grew government.

His plan to pay for the wall is to ask Mexico to pay the tab. Mexico has politely told Trump to stick the wall where the sun don’t shine. They didn’t ask for the wall. If they don’t pay he will take that money from the $57 million we give Mexico in foreign aid.

Watch out Trump, you may be starting a trade war.

And then he wants to start to start torturing those who pose a threat to our government, like water boarding. He asked his advisors what they thought of the idea and he said they all thought it was a good idea. I have news for you; if you work for Trump you had better agree with him or out the door you go.

Senator John McCain who was a prisoner of war is totally against it as are other members of Congress. He has also threatened to cut off federal aid to cities who protect illegal immigrants. He wants them deported and cares nothing about ripping children born in this country from their illegal parents.

What have we elected?

 

IS TRUMP RECESSION PROOF

Economist had predicted whomever was elected president the U.S. was headed to a recession. Apparently the economy has not fully recovered from the last Bush recession, and if the U.S. were to have another we could have a possible depression.

Economic indicators lead one to believe their predictions are true. Economic growth has slowed for the past 5 quarters as has job growth. Banks are getting greedy and reckless with their building loans as they were in the past recession.

Republican presidents seem to rule recessions. As a result history could portend a bad omen for President-elect Donald Trump. Every Republican president since Teddy Roosevelt in the early 1900’s endured a recession in their first term, according to a recent analysis from a investment strategist at stock research firm CFRA.

Four Republican presidents suffered through two recessions while in office and Republican President Dwight Eisenhower presided over three. Meanwhile Democrats  have largely skated past the recession quicksand. Four in five Democratic presidents saw no recessions during their terms since 1945.

While history isn’t gospel, the track record makes the odds of a recession during President Trump’s term all the more likely.

Oh well, Republicans will still have their guns.

FACEBOOK ADMITS FALSE POST DURING CAMPAIGN

It was revealed many false posts were seen by millions of FB users and passed on without checking their accuracy.

FB chairman would not say if these posts influenced the election, I say it did. Each person on FB has several hundred ‘Friends’, multiply that by millions of users and think about it.

I was amazed at the number of FB users who I thought had more sense who passed on this false information without checking our the source or accuracy. I spent hours checking their posts and getting back to them with the facts. By then it was too late, they had been shared by thousands.

Finally I had enough of the stupidity and closed my account. Feeling better, have more time for myself. I can spend more time on my blog, something I have neglected since being on FB.

BE CAREFUL WHAT YOU WISH FOR

For years Republicans have wanted control of local government over the federal government. “Give power back to the states” was the cry.

Well now with the Republicans in control of the White House, House and Senate this is a possibility because Washington has wanted this to happen for some time.

The repercussion is less money to the already strapped states means they will put more burden on the counties. Guess who ends up paying the bill? Taxpayers.

Delaware facing a $167 million budget deficit in the coming year is having serious thoughts about doing just that.

JFC co-chair Senator Harris McDowell said for the past 8 years the state has been finding efficiencies and ways to shift and do things,, but the ability to find little pockets of magic to hold the budget are drying up if they have not already dried up.

The days of robbing Peter to pay Paul are up.

Before Governor Russ Peterson took over many programs funded by the county, the county’s were responsible for highway work, indigent care (welfare), costs to run the courts and other services once paid for by county taxes. Which left the counties suddenly with millions in surpluses.

During the years of the great recession other states have employed the opposite strategy placing more burden on counties, according to a consultant hired by the committee.

DOES TRICKLE DOWN ECONOMICS WORK

:President elect Donald Trump wants to lower the income tax rate following in the steps of Ronald Reagan.

Trump wants to chop the top individual marginal rate to 33% from 40% as well as more modest cuts for those with low and moderate incomes and the corporate rae to 15% from 35%. What are we, chopped liver?

Trump claims his tax cuts are a job creator, a beautiful thing to watch. Clinton recoiled calling his tax plan “Trumped-up trickle-down”.

Republicans believe if you make it cheaper to invest, ultimately, companies are going to grow and hire more people. t is not clear that tax cuts are what made the economy in the 1980’s. Reagan spearheaded massive increases in defense spending – from $326 billion in 1980 to as much as $450 billion in 1987 – that rippled across the economy.

The lower taxes and higher military spending nearly tripled the national debt to $2.8 trillion by the time Reagan left office, stoking inflation fears that contributed to the rescission under President George H. Bush in 1990-91 after he pledged, “Read my lips, no new taxes”.

President Clinton significantly raised taxes and had larger job gains than Reagan. about 22 million jobs were created in the eight years Clinton was in office and the economy grew an average 3.8% a year helped in part by the high tech revolution that supercharged business productivity.

Despite tax cuts and the large surplus Clinton left G.W. Bush the economy slipped into a deep recession.

Need I say more?

 

 

 

TRUMP BACKING OFF CAMPAIGN PROMISES

Well it didn’t take long for president elect Donald Trump to begin backing off his wild campaign promises.

First he was going to drain the swamp in DC by getting rid of the establishment. His first move was to name NJ Governor Christie to head his transition team, but he got caught up in the Bridgegate scandal.

So he has turned to VP elect Pence along with former Congressman Newt Gingrich and former NY mayor Rudy Giuliani; so much for outside the belt way.

On 60 Minutes Sunday he has softened on removing Obamacare as his first executive order; he wants to keep the pre-existing clause and allowing children to remain on their parents policy. He don’t cut off Obamacare until he has a plan of his own in place. He promises a cheaper way to go.

He won’t be sending Hillary to prison. Anyone who thought he would prosecute was dreaming. He says now they are good people. End of comment.

Waiting for that wall now; estimated cost is 8 billion dollars, and waiting to watch him load up 11 million illegal immigrants.

Stay Tuned!!!