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Ford Announces Intent to Spend $1.6 Billion To Build Auto Plant In Mexico – More U.S. Jobs Lost…

Wayne Michigan will be devastated by this move.  Yet another nail in the manufacturing industry coffin in the U.S.

Uncle Sam Hopeless
(Via LA Times) Ford Motor Co. plans to build a $1.6-billion auto assembly plant in Mexico, creating about 2,800 jobs there and shifting small-car production away from the United States at a time when moving jobs south of the border has become a major issue in the U.S. presidential campaign.
The company announced that it would open the plant in San Luis Potosi state Tuesday without saying specifically what cars it would build there.
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"Unexpectedly" – First Quarter GDP Results Collapse – Faltering Economy…

Move along, move along folks, nothing to see here…

The February trade gap widened by about a half-billion dollars to — $62.9 billion

shocked_i_tell_you(Via CNBC) First-quarter growth is now tracking at just 0.9 percent, after new data showed surprising weakness in consumer spending and a wider-than-expected trade gap.
According to the CNBC/Moody’s Analytics rapid update, economists now see the sluggish growth pace based on already reported data, down from 1.4 percent last week. According to the rapid update, economists have a median forecast of 1.6 percent growth in first-quarter GDP, which includes their estimates for data not yet released. (more…)

The Economic Reasoning For The Success of Trump’s Candidacy…

A very good article from Forbes – outlining solid economic reasons for optimism in Donald Trump winning the republican nomination.

trump general

(Via Forbes)  I am going to stick my neck out: Donald Trump will be America’s next President. Since December, I have been writing commentaries on the theme of “Why Trump Is Winning.” For a few of them, click here, here, and here. So far I have held back from predicting ultimate victory. But after Trump’s impressive showing in South Carolina (in the teeth of criticism from Pope Francis, not to mention continuing prophecies by the usual pundits that the Trumpmobile would soon hit a puncture), it is now time to go a step further: barring some unforeseen disaster (far bigger than any challenge he is likely to meet from Ted Cruz, Marco Rubio, or even Hillary Clinton), I believe Donald Trump is now unstoppable.

Why? Not only is Trump speaking truth to power on two crucial issues – trade and immigration – but it is now clear he has ignited long smoldering voter anger on both issues.  (continue reading)

A Generation of Politically Economic Re-education: Wall Street -vs- Main Street….

U.S. Republican presidential candidate Trump hugs a U.S. flag as he takes the stage for a campaign town hall meeting in DerryDuring the last Republican debate the Wall Street Journal’s Kimberly Stassel challenged Donald Trump on the projected revenue from his proposed tax plan.

In essence Stassel claimed some economists doubted the growth factor Mr. Trump projects in his tax proposal.

In a sixty second response time, it is factually impossible to explain something we have discussed here before.  Specifically, one of the larger hurdles Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a goods- based manufacturing and industry driven economic model.

Interestingly, many people have referenced a 1991 (25 years old) video of Donald Trump testifying before congress – as evidence of him being tuned in to political consequences of economic activity.   The entire video is well worth watching because it gives you insight into a very specific moment in time as they discuss the ‘Reagan era’ 1986 tax reform act.

However, for the sake of this discussion post I would like to draw your attention to a very specific exchange between Donald Trump and Representative Helen Delich Bently (R-MD). (more…)

Macy’s Announces Major Sales Drops Now Cutting Full-Year Forecast…

Macy’s is blaming “warm weather” and “low spending from tourists” for a massive drop in sales and excessive on hand inventory, which has now caused them to cut their full-year sales forecast.

However, given the severity of the backlash against Macy’s over their initial disparagement’s of Donald Trump [June/July 2015], and considering the ongoing visible impacts of “Cold Anger” – perhaps this is more an effect of boycotts AND/OR weather.

macy boycott 2

(Reuters) […] Macy’s Chief Executive Terry Lundgren said on a conference call he was not happy with the company’s performance in the quarter ended Oct. 31.

Sales at stores open at least a year fell 3.6 percent in their third straight quarterly decline. Analysts on average had expected 0.2 percent growth, according to research firm Consensus Metrix. (more…)

Labor Union On Keystone Decision: Obama shows “utter disdain and disregard for salt-of-the-earth, middle-class working Americans”…

obama_contemptWASHINGTON DC – One of the largest unions of construction workers slammed President Obama for his decision to reject the Keystone XL pipeline Friday, accusing the president of showing “utter disdain” for the American worker.

Terry O’Sullivan, general president of the Laborers’ International Union of North America (LIUNA), accused Obama of bending to special interest groups by choosing to decline TransCanada’s proposal to build the pipeline in pursuit of his climate change agenda.

“President Obama today demonstrated that he cares more about kowtowing to green-collar elitists than he does about creating desperately needed, family-supporting, blue-collar jobs,” O’Sullivan said in a statement Friday. (more…)

Budgetary Scheme Passes Senate at 3am – Two Year Continuing Resolution With Unlimited Debt Ceiling…

I refuse to call this a “budget deal”, it’s a scheme to extend federal spending until March of 2017 when the next President’s (whoever gets elected next year) legally required federal budget (for fiscal year 2018) is due.

3:00am? …Jackasses!   You know what else passed in the middle of the night when no-one was watching?  ObamaCare, that’s what !  1:27am 12/23/09 – Only a few of us, and Santa of course, were paying attention and throwing bricks at our TV sets.  {A Pox On Their Houses}..  Oy, I hate these corrupto-critters.

I’m not even sure why, how,  or even ‘if’, President Obama will proffer a Fiscal Year 2017 budget, normally legally required by March 2016, given that congress has already agreed to spend whatever they need through Fiscal Year 2017.  Of course that’s without even discussing spending of Fiscal Year 2016 (which began a month ago).

Fiscal Year 2017 – hypothetically due for signature Sept of 2016 – is ‘WHAT’ exactly? Status? Damn interesting seeing as the new Speaker of the House was the former Chairman of the Budget Committee that couldn’t put Fiscal Year 2016 budget on Obama’s desk…. 

Didn’t you like how the debt, deficit and debt ceiling was debated on CNBC last week.  What’s that?.. It wasn’t?…  Huh, imagine that.  And,… Well,… Oh yeah, I forgot, Paul Ryan was/is also the childhood BFF of RNC Chair Reince Prebius…. say-no-more!

obama_delivers budget_mcconnell-cornyn

WASHINGTON DC […] “The bill is the product of an unfair, dysfunctional, and undemocratic process — a process that is virtually indistinguishable from what we promised the American people a G.O.P.-controlled Congress would bring to an end,” Sen. Mike Lee (R-Utah) said from the Senate floor. (more…)

Nigel Farage Confronts Angela Merkel and Francois Hollande About Failure of EU, Currency and “Refugees”…

This video should go viral. Alas this confrontation is what the Western Media NEED to hide from an awakened electorate who are absolutely in agreement with Nigel Farage !!

Priceless. Absolutely priceless. Especially the aghast look on Merkel and Hollande’s faces.

W.O.L.V.E.R.I.N.E.S !!

Protecting The Left Flank – Hillary Clinton No Longer Supports Trans-Pacific Trade Deal She Created (Video)….

Her campaign knew that not only was Bernie Sanders going to make this an issue, but that she would certainly never get union endorsements if she supported it.

Unfortunately, the Trans-Pacific Partnership was essentially one of her key economic strategies when Clinton was Secretary of State.  So it’s not going to be too easy to walk back support for something she helped create (video below fold).

Hillary clinton meh

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Trans-Pacific Partnership Trade Deal Framed To Destroy Thousands of UAW Jobs…

The TPP Trade Deal is looming closer to becoming a finalized reality.  Current negotiations center around Auto Manufacturing, and Japanese negotiators have constructed an outline that would devastate what remains of the U.S. Auto industry.
Unfortunately the K-Street lobbyists, funded by Wall Street through the U.S. Chamber of Commerce, have already greased the legislative skids to all but guarantee the elimination of thousands of jobs. Chamber of Commerce President Tom Donohue gave Senators $18 million in bribe money to insure passage.
The TPP deal encompasses approximately 40% of total global manufacturing.  Trillions of dollars are at stake.
tom donohue 4cornyn_graham_roberts_cochran_mcconnell_ap
TPP is fully supported by the Obama Administration and the legislative passage of a deal was essentially finalized, through manipulation, by changing the senatorial approvals to a mere 51 votes (Fast Track Trade Authority).
Backstabbing Senators Ted Cruz, Marco Rubio and many others joined with Mitch McConnell and his merry band of usurpers to change the statutory approval threshold in this regard.  The bill passed 60-38
Current TPP negotiations underway in Atlanta, specifically around auto-manufacturing, showcase just how devastating this Trade deal is going to be: (more…)