Economy

Behold, the fall of Venezuela is at hand.

“The tail of the market in front of my house. To the Venezuelan people because we are not surprised, but I recorded it to bear witness to my own experience, to all the people who are in the rest of the world where this would be unthinkable.”

This is the description of a video that shows thousands lined up outside a market in Venezuela.

The country has been driven to abject poverty despite its vast natural resources due to the failed socialist policies and the corruption of leaders.

http://www.againstcronycapitalism.org/2016/08/man-records-massive-line-outside-of-venezuelan-supermarket-chavismo-continues-to-implode/9

How to fix the economy

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The problem is they don’t know what the problem is.  To look at the news, you would never know the nation is swamped by debt, being invaded by a slowly rising tide of people who hate us, or that the “Millionaires and Billionaires” politicians besmirch are funding their campaigns.

After all, the beloved transvestite is not allowed in the ladies room; one presidential candidate is rude; we have no women on our bills…

What? no women on our money? Well not exactly. We have the wildly popular Susan B Anthony dollar coin.  Oh wait. They replaced that with the widely used Sacajawea dollar coin.  Oh… Yeah.  We have women on our money – but no one uses that money.

So the best thing we can do is put another woman, also another woman who held no office or had any official place in our government on another piece of money.

Bernie lies about Verizon – they strike back

When Bernie Sanders told a cheering crowd on Monday that Verizon paid “not a nickel in taxes,” it was in support of a strike by the 40,000 Verizon employees Wednesday. Of course, it was Grade-A Bullcrap.

That was the last straw for Verizon’s CEO, Lowell McAdam, who posted a blistering response to the Socialist presidential candidates’ inflammatory speech.

“His first accusation – that Verizon doesn’t pay its fair share of taxes – is just plain wrong. As our financial statements clearly show, we’ve paid more than $15.6 billion in taxes over the last two years – that’s a 35% tax rate in 2015, for anyone who’s counting. We’ve laid out the facts repeatedly and did so again. The senator has started to fudge his language – talking of taxes not paid in some unspecified “given year” – but that doesn’t make his contention any less false.”

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McAdam went on, pushing back on Sanders’ assertion that Verizon doesn’t use any of its profits to “Benefit America.”

“A look at the facts says otherwise,” the CEO continued. “In the last two years, Verizon has invested some $35 billion in infrastructure — virtually all of it in the U.S. — and paid out more than $16 billion in dividends to the millions of average Americans who invest in our stock. In Sanders’s home state of Vermont alone, Verizon has invested more than $16 million in plant and equipment and pays close to $42 million a year to vendors and suppliers, many of them small and medium-sized businesses.”

McAdam said Verizon was one of the top three “capital investors” in all of corporate America. Our investment has built wireless and fiber networks that deliver high-quality services, create high-tech jobs and form the infrastructure for the innovation economy of the 21st century.

Sen. Sanders is wrong on the facts. More egregiously, he oversimplifies the complex forces operating in today’s technologically advanced and hyper-competitive economy.

Our objective in these negotiations is to preserve good jobs with competitive wages and excellent benefits while addressing the needs of our ever-changing business. All of our contract proposals currently on the table include wage increases, generous 401(k) matches and continued pension benefits. Contrary to Sen. Sanders’s contention, our proposals do not call for mass layoffs or shipping jobs overseas. Rather, we’ve asked for more flexibility in routing calls and consolidating some of our call centers, some of which employ a handful of people. We would continue to provide health insurance for active and retired associates and their dependents, but we have proposed some common-sense reforms to rein in the cost of these plans, which in 2015 ran to $1.4 billion a year for these represented employees, retirees and dependents. In fact, our healthcare plans – which provide access to medical, prescription drug, dental and vision coverage – are robust enough to make us subject to the “Cadillac tax” on excessive plans as defined in the Affordable Healthcare Act … the very law Sen. Sanders supported and voted for.

“Feeling the Bern” of reality yet, Bernie. From http://www.thefederalistpapers.org/us/verizon-ceo-destroys-bernie-after-he-attacks-the-mobile-phone-giant

Bernie taxes the rich and we all get free stuff!

Berney promises more free stuff on the backs of othersBernie Shows us how we get free stuff!

Nice Ideas – but they fail to recognize the mistakes of past leaders – going back to Rehoboam, who had to flea after overtaxing his kingdom.  Even King George III lost a massive part of his empire – and only over a 2% tax on tea!

Let’s look at what happened when Obama’s predecessor George H.W. Bush (a republican but not a conservative) signed the Omnibus Budget Reconciliation Act of 1990 and broke his “read my lips” vow not to agree to new taxes.

If you’d like to read this amazing piece of  legislation it’s here: https://www.congress.gov/bill/101st-congress/house-bill/5835

That bill imposed a 10 percent luxury tax on yachts, private airplanes and expensive automobiles. Teddy Chappaquiddick Kennedy  (worth about a hundred fifty million, mostly from his daddy’s trust fund at the time of his demise) and then-Senate Majority Leader George Mitchell (currently sitting on about $2Billion) puffed up their chests and hollered at every microphone they could find,

“Millionaires and Billionaires need to pay their fair share”.

What actually happened is laid out in a Heartland Institute blog post by Edmund Contoski titled “Economically illiterate Obama, re: Corporate Jets” found here: http://blog.heartland.org/2011/07/economically-illiterate-obama-re-corporate-jets/

Within eight months of the change in the law took effect, Viking Yachts, the largest U.S. yacht manufacturer, laid off 1,140 of its 1,400 employees and closed one of its two manufacturing plants. Before it was all over, Viking Yachts was down to 68 employees. In the first year, one-third of U.S. yacht-building companies stopped production, and according to a report by the congressional Joint Economic Committee, the industry lost 7,600 jobs. When it was over, 25,000 workers had lost their jobs building yachts, and 75,000 more jobs were lost in companies that supplied yacht parts and material. Ocean Yachts trimmed its workforce from 350 to 50. Egg Harbor Yachts went from 200 employees to five and later filed for bankruptcy. The U.S., which had been a net EXPORTER of yachts, became a net IMPORTER as U.S. companies closed. Jobs shifted to companies in Europe and the Bahamas. The U.S. Treasury collected ZERO revenue from the sales driven overseas.

Back then, Congress told us that the luxury tax on boats, aircraft and jewelry would raise $31 million in revenue a year. Instead, the tax destroyed 330 jobs in jewelry manufacturing and 1,470 in the aircraft industry, in addition to the thousands destroyed in the yacht industry. Those job losses cost the government a total of $24.2 million in unemployment benefits and lost income tax revenues. The net effect of the luxury tax was a loss of $7.6 million in fiscal 1991, which means Congress’ projection was off by $38.6 million. The Joint Economic Committee concluded that the value of jobs lost in just the first six months of the luxury tax was $159.6 million.

Congress repealed the luxury tax in 1993 after realizing it was a job killer and raised little net revenue. Why did congressional dreams of greater revenues turn into a nightmare? Why were their plans not fortuitous? And why are the ones Bernie is proposing not going to make magic money for the poor?

Kennedy, Mitchell and their congressional colleagues simply assumed that the rich would act the same after the imposition of the luxury tax as they did before and that the only difference would be more money in the government’s coffers. Like most politicians before them, Berney and the socialists to follow after his star has faded, they had what economists call a “zero-elasticity” vision of the world, a fancy way of saying they believed that people do not respond to price changes. People always respond to price changes. The only debatable issue is how much and over what period.

Money is like water, it will seek the lowest level and take the path of least resistance.  If the feds lowered corporate tax rates then corporations would bring offshore money back and the gubmint could collect  a decent amount. Instead they press hard and get greedy for other people’s profit – and the money goes to banks in Paraguay (or where ever the taxes are lowest).

 

The only things from that plan that will stick is the raises in income tax that working people will pay.

Bernie Sanders satisfies millenials

Bernie Sanders satisfies millenials

Carrier to move 1400 jobs to Mexico

A new video shows hundreds of Indiana workers being told by a company representative that their jobs will be moved to Mexico.

Carrier Corp. announced this week that it will close down a plant in Indianapolis in favor of opening a facility in Mexico.

The move by the heating and cooling company will mean 1,400 of its employees will lose their jobs over the next three years.

What provoked an American company to do this? They have to make a profit. Obamacare regulations have escalated costs to employ people. Unions have had a part in keeping wages high. The punitive tax structure is another factor.

Whatever the reasons, It’s another sign that America First needs to be our motto and our creed.

Ammon Bundy explains the Hammond Ranch “Terrorists” that saved their own property.

Liberty Brothers Radio interviews Ammon Bundy about why ranchers were charged as terrorists for controlled burns.  How they were charged by the state but not prosecuted because there was no case, then 5 years later the feds called it terrorism in an effort to take over the Hammond’s ranch.

Marketing through tears – Kleenex Kleens up!

We all know what a Kleenex moment is.  And who doesn’t get a little weepy when a guy who has just done his job in the background for decades is honored by the people who have noticed.

Mr Patton is the janitor at Lockeland Design Center in Nashville TN.  The Elementary school custodian has been there shining floors and smiling for the kids and never expected anything other than a paycheck and the sense of pride you get from a job well done.  Like millions of other folks that work hard in exchange for money to provide for their family, Mr Patton is cheerful about his duties and a great example to the kids.

He never expected what was going to happen the day a TV crew was “profiling the school” and he was called to clean a spill.

 

 

Luckily there were plenty of Kleenex to go around because the film crew was there to shoot a commercial for the tissue icon and knew tears would fly when hundreds of kids recognized the quiet man for his service.

 

Good job Kleenex –

You can’t talk to GOD in Coach.

Kenneth Copeland and Jesse Duplantis explain to the people who give money to them why they have to have private jets by saying that it gives them time to pray privately with God. “…that’s why we’re on that airplane,” says Copeland, “we can talk to God.” God told him (but wouldn’t let the pilots listen in) that his airplane was a “sanctuary.” And they both claim that these conversations with God couldn’t take place in a “long tube full of demons”.

What’s in that cup?

Suddenly there is a rash of “Christians” who feel their need to defend Jesus by not being pretentious enough to buy a $5 cup of coffee.

We’re sure that our LORD and SAVIOR is high-fiving the apostles in heaven right now. It evens out the thousands slaughtered for not honoring Mohamed the way they’re supposed to.