Politics


WRKO radio host Jeff Kuhner confronting Sen. Warren (D, MA):

“You often say, and I agree with you, that the 99 percent are getting shafted by the 1 percent,” Kuhner told Warren as she shook her head in agreement. “Let me ask you this. A lot of people, especially my listeners, say you live in Cambridge. You have a $2 million mansion, plus you’re a multi-millionaire yourself. So how can you rail against the 1 percent, when you are and live like the 1 percent?”

Sen Warren dissembled on and on: “I wasn’t born in Cambridge, I was born into a family where my daddy worked one job after another and ended up as a janitor.” Blah, blah, blah.

Kuhner: “But you are part of the 1 percent?” the radio host persisted. “You are a multi-millionare and have a mansion in Cambridge, do you not? It’s worth north of $2 million.”

Warren: “I had opportunities because America invested in kids like me,” Warren said. “And that’s the reason I’m in public office, so I can make sure the next kid …” Blah, blah, blah.

Kuhner: “You mean the $350,000 for one course? Is that what you mean by opportunity, senator?”

 

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Warren (D-MA) on James Cramer’s program on CNBC:

Few lawmakers had stronger words for Wells Fargo in the continued conflict surrounding the big bank’s malpractices than Massachusetts Sen. Elizabeth Warren.

“This is a company that, from the very top, has made it clear there’s no accountability here,” the Democratic senator told “Mad Money” host Jim Cramer in an exclusive interview on Tuesday.

While Wells Fargo’s earnings remained intact, the bank is said to have pressured employees to open unauthorized accounts for customers, an issue that was recently found to have affected more customer accounts than previously thought.

“This is not about serving consumers,” Warren said. “This is all about, quarter by quarter by quarter, how to juice the reported profits. That’s what mattered at Wells Fargo.”

What a revelation! I’ll let you in on a little secret. Firms have plans to boost sales and profits in the long-term and medium-term as well as the short-term.

Republican heavies are conducting a purge of RINO’s — Republican In Name Only. Well, that’ll make the caucus purer for sure, but also maybe smaller. They have a 2-seat margin right now. What they need is to expand the map and pick up more seats that support such issues as healthcare reform, and cutting taxes and spending curbs.

There are twenty-three Democratic Senators up for re-election in 2018 and only ten GOP Senators. Several of those Democrats occupy seats in states won by President Trump. Also, historically, the President’s party loses seats in mid-term elections. And, Republicans have only a two seat majority. So what do you do with that information?Consider helping elect more GOP Senators to the Senate instead of trying to purify the existing caucus. Try offense instead of the circular shooting squad.

Reading through their agenda, I conclude its the same old crap. More government control, rules, and bureaucracy. And, the results will be the very results they say they are trying to fix. For example, their first issue complains about special interests and so-called the rich getting the benefits of government largess. But, any legislation or regulatory change involves the input of special interests. In fact, Democrats welcome special interests to provide expertise in writing legislation. They are the experts and that’s why they’re involved. The Democrats invite the special interests that fit their agenda to help who then tilt the legislation to their benefit. The result is more bureaucracy and more complexity in the lives of the middle class they say they are trying to help. How much record-keeping do we already have for taxes, medical care, and on and on? Well, that is the result of the very government Democrats are pushing.

How about this:

Our plan for A Better Deal starts by creating millions of good-paying, full-time jobs by directly investing in our crumbling infrastructure and prioritizing small business and entrepreneurs, instead of giving tax breaks to special interests.

How are they going to “creating millions of good-paying, full-time jobs” Well, that crumbling infrastructure is located in states that have been run by Democrats, with an occasional Republican elected such as NY, NJ, CA, IL. The fiscal problem at the state level is that government employee pensions, public education, and Medicaid have consumed their budgets, leaving little budget dollars left for infrastructure. Having the federal government spend on infrastructure relieves the state governors, legislators, and judges of being responsible for the infrastructure in their states. No real reform here.

Next, “prioritizing small business and entrepreneurs, instead of giving tax breaks to special interests.” is funny because “small business” and “entrepreneurs”, from a political perspective, are special interests. “prioritizing” means giving special treatment to special interests. Democrats just hide it from the public by burdening firms with the rules then we get ticked off at the firms for acting the way they do.

Here’s another: “We will crack down on monopolies and the concentration of economic power that has led to higher prices for consumers, workers, and small business”. The monopolies in the economy are the federal, state, and local governments. Further, firms cannot raise their prices. The prices of products and services that are rising faster then general inflation are those with heavy government involvement such as college tuition and public education.

Another problem with their approach is that all this activity interferes with the peaceful, voluntary actions of the American people interacting with each other and others across borders. That interference tilts the playing field because that is how the Democrats view everything. In Progressivism, someone must lose for someone else to win.

Next, their plan “provides new tax incentives to employers that invest in workforce training and education and make sure the rules of the economy support companies that focus on long-term growth, rather than short-term profits.” That means more paperwork, meetings, and time taken away from concentrating resources on doing the work for the customers of the firm. As well, firms have strategies for the short, medium, and long terms. They may not be completely filled out, but that is not possible because the future is unknown. The details get filled in as more information is available and more knowledge acquired. That’s why 10 or 20 years plans are nonsense.

The funny thing is, if a firm invests for the long-term, the results might pay off in government antitrust action against it, see Amazon.com. They invested for the long-term by keeping the retail prices low to build market share. But, Democrats want congressional hearings on its proposed acquisition of Whole Foods Market Inc. So the people at Amazon.com invested for the long-term and they get rewarded with congressional hearings. That makes no sense unless of course the hearings are for show and graft. Ahhh, graft. Squeeze a firm so its employees make financial contributions to the party.

And let’s not forget the mess the Democrats created in the health insurance market with Obamacare — monthly premiums higher, deductibles, higher, insurers leaving markets. So all in all, the Democrats are pulling the same stunts they always do.

Here:

The Google engineer who wrote a highly controversial internal memo about gender differences that’s sparked an uproar in the tech industry says he’s been fired — and that he’s not going to take it lying down.

James Damore’s memo, which claims biological factors contribute to gender inequality in the tech sector, sparked a quick rebuttal from Google after it circulated widely online.

The federal government forces firms who do business with it to obtain gender, ethnicity/race (combined), military veteran status, disability. Disability can be an ailment you currently have or had but are fully recovered. And it is not always visible, i.e. does not display physical attributes.

The applicant is given the option of refusing provide the accurate answer and can choose to not provide the information. But does that affect the applicant’s chances of being hired? Who really knows. These questions are ostensibly used to assess a firm’s outreach and recruitment efforts. But so what. Why does that have to be known? It may not be used now, but it might later.

Worse, this screening prevents some people from being hired because they amount to a quota. If the firm has enough of a certain class of individual, it may look for others to fill positions.

The problem with all of this is that it make the labor market less fluid and dynamic. Look at the mess Google is in now and has to expend its resources hiring people to implement these policies and now it has to defend itself in public. How about building great products and services with great people! And deliver high ROI to the owners, i.e. shareholders!

NY Post:

Costumed characters in Times Square are giving the finger to attempts to rein them in, refusing to stay in designated areas and continuing to curse in front of kiddies and threaten passers-by for dough. . . .

At any given moment on two recent afternoons, only half of the two-dozen tip-mooching characters stayed behind the blue lines of Times Square’s “Designated Activity Zones,” or DAZs, the city-mandated areas created last year as their boundary for posing for photos and asking for tips.

The local government (mayor, city council) created the DAZs. Aside from whether you approve of the DAZs or not, the mayor and city council have to make it work so it doesn’t repel visitors.

Wall Street Journal:

Major health insurers in some states are seeking increases as high as 30% or more for premiums on 2018 Affordable Care Act plans, according to new federal data that provide the broadest view so far of the turmoil across exchanges as companies try to anticipate Trump administration policies.

Increases in health insurance premiums and deductibles rested squarely on the Democrats’ Affordable Care Act (ACA, aka Obamacare).

Now that President Trump and Congressional Republicans attempted and failed to repeal and replace Obamacare, facts and reality are forcing the blame for the increases to be spread to them. So now Republicans share the blame with the Democrats.

Failure was not an option for President Trump and Republicans, and now we see the consequences of failure.

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