What Results Look Like

During the final weeks of the mid-term election campaign, you will hear Democrats say, “The tax cuts were only for the rich–they didn’t help anyone else.” A misinformed friend of mine posted that on Facebook recently. So let’s look at the facts.

The Conservative Treehouse posted an article yesterday about the impact of the Trump Tax Cuts on average Americans.

The article quotes a Business Insider article that reports the following:

  • Walgreens Boots Alliance announced that it will make investments around $150 million to boost mainly its in-store wages in fiscal 2019 in the light of favorable tax reforms.
  • Walgreens CFO said Thursday that the increase in store wages was “in light of the favorable tax reforms in the US.”

…The pharmacy-chain owner Walgreens Boots Alliance announced Thursday that it will make investments of about $150 million to boost mainly its in-store wages in fiscal 2019 in wake of  President Donald Trump’s tax reforms.

The announcement marks a 50% increase in company’s investment towards wages which was announced in March. At the time, Walgreens said it would invest around $100 million per annum to increase wages beginning later this calendar year.

“We will be making select incremental investments of around $150 million in fiscal 2019, mainly in store wages, but also to fuel our new community health care initiatives, and you can view these in light of the favorable tax reforms in the US,” Walgreens CFO James Kehoe said Thursday, on the company’s fourth-quarter earnings call. 

The article at Business Insider explains how the tax cuts have impacted the average worker:

In December 2017,  the Trump administration slashed the federal corporate tax rate from 35% to 21% and allowed a one-time repatriation of overseas cash. The bill also allows companies to bring overseas profits back home to invest in domestic projects or repurchase of shares.

Kehoe said the investments will result in a headwind of approximately $0.12 a share, or two percentage points of earnings-per-share growth for the coming fiscal year. 

US retailers are scrambling to keep workers as they look for opportunities with higher pay and attractive benefits. The US unemployment rate fell to a 48-year low of 3.7% in September. According to the Bureau of Labour statistics, there were 757,000 retail-job openings across the United States in July, which is about 100,000 more than a year ago.

The surge in the number of retail jobs has allowed workers the opportunity to move around within the industry. As a result, companies are raising wages to try and retain workers. Earlier this month, Amazon hiked its minimum wage to $15 per hour, effective November 1. That followed wage hikes from places like Target and Costco

That is significant.

The Conservative Treehouse concludes:

Back in January 2017 Deutsche Bank began thinking about it, applying new models, trying to conceptualize and quantify MAGAnomics, and trying to walk out the potential ramifications.  They began talking about Trump doubling the U.S. GDP growth rate when all U.S. investment groups couldn’t yet fathom the possibility.

It’s like waking up on Christmas morning every day to see the pontificating Fed struggling to quantify analysis of their surrounding reality based on flawed assumptions. They simply have no understanding of what happens within the new dimension.

Monetary policy, Fed control over the economy, is disconnected and will stay that way for approximately another 12-14 months, until Main Street regains full operational strength –and– economic parity is achieved.

As we have continued to share, CTH believes the paycheck-to-paycheck working middle-class are going to see a considerable rise in wages and standard of living.  How high can wages rise?… that depends on the pressure; and right now the pressure is massive.  I’m not going to dismiss the possibility we could see double digit increases in year-over-year wage growth in multiple economic sectors in several regions of the U.S.

Remember, as wages and benefits increase – millions of people are coming back into the labor market to take advantage of the income opportunities.  The statistics on the invisible workforce varies, but there are millions of people taking on new jobs in this economy and the participation rate is growing.

Winnamins.  We’ll need lots of them…

Wow.

 

What Are We Teaching Our Children In School?

According to Business Insider, the median age of an Apple employee is 31 years old. That really doesn’t tell us much except to imply that half of the employees are under 31 and half are over 31. A much more interesting number comes from an internal survey of Apple employees.

On September 1, InfoWars reported that 71.98% Of Apple Employees Say Repeal The First Amendment. It is ironic that the First Amendment protects their right to say that. I would venture to say that the number who also want to repeal the Second Amendment is probably comparable.

This is what happens when you do not teach history to American students. Our republic is always a generation away from disappearing. If we are to maintain our freedoms, we need to teach the value of those freedoms to our children. If they don’t value those freedoms, they will not preserve them.

This is a warning to young parents. If your children are not in a school that teaches the founding documents of America, the principles behind them, and why they are important, find another school. It’s that important.

Consequences Of Not Following The Rules

On May 21, 2017, the Business Insider reported the following:

China killed or imprisoned 18 to 20 CIA sources from 2010 to 2012, hobbling U.S. spying operations in a massive intelligence breach whose origin has not been identified, the New York Times reported on Saturday.

Yesterday I posted an article that included the following:

  • A Chinese-owned company penetrated former Secretary of State Hillary Clinton’s private server, according to sources briefed on the matter.
  • The company inserted code that forwarded copies of Clinton’s emails to the Chinese company in real time.
  • The Intelligence Community Inspector General warned of the problem, but the FBI subsequently failed to act, Texas Republican Rep. Louie Gohmert said during a July hearing.

The article at Business Insider stated:

By 2013, U.S. intelligence concluded China’s ability to identify its agents had been curtailed, the newspaper said, and the CIA has been trying to rebuild its spy network there.

Hillary Clinton set up her private server when she took office as Secretary of State in January 2009; she left that position on February 1, 2013.

The Business Insider further reported:

The Chinese killed at least a dozen people providing information to the CIA from 2010 through 2012, dismantling a network that was years in the making, the newspaper reported.

One was shot and killed in front of a government building in China, three officials told the Times, saying that was designed as a message to others about working with Washington.

The breach was considered particularly damaging, with the number of assets lost rivaling those in the Soviet Union and Russia who perished after information passed to Moscow by spies Aldrich Ames and Robert Hanssen, the report said. Ames was active as a spy in the 1980s and Hanssen from 1979 to 2001.

The CIA declined to comment when asked about the Times report on Saturday.

The Chinese activities began to emerge in 2010, when the American spy agency had been getting high quality information about the Chinese government from sources deep inside the bureaucracy, including Chinese upset by the Beijing government’s corruption, four former officials told the Times.

I think we need some accountability here.

The Cost Of The Wall

One of the recent talking points used against those people who actually want to control our borders is the cost of building a wall. Obviously, Mexico will not directly pay for a wall–they enjoy having people come here illegally and send money back to Mexico. There is no incentive for them to put a stop to that behavior. So how do we pay for the wall?

Paul Sperry posted an article at The New York Post on Saturday that offers one possible solution.

The article reports:

Mexico won’t have to pay for the wall, after all. US taxpayers won’t have to pick up the tab, either. The controversial barrier, rather, will cover its own cost just by closing the border to illegal immigrants who tend to go on the federal dole.

That’s the finding of recent immigration studies showing the $18 billion wall President Trump plans to build along the southern border will pay for itself by curbing the importation of not only crime and drugs, but poverty.

“The wall could pay for itself even if it only modestly reduced illegal crossings and drug smuggling,” Steven A. Camarota, director of research at the Center for Immigration Studies, told The Post.

Federal data shows that a wall would work. A two-story corrugated metal fence in El Paso, Texas, first erected under the Bush administration has already curtailed illegal border crossings there by more than 89 percent over the five-year period during which it was built.

The problem is not only illegal immigrants–it’s drug smuggling. How much money and how many lives do the illegal drugs coming into America cost?

The article concludes:

While Democrats complain the $18 billion price tag for the Trump wall is too high, the “Dreamers” amnesty bill they want Trump and Republicans to pass in exchange for funding the wall (or ideally in spite of the wall) would cost US taxpayers even more than the construction of the border partition over 10 years.

“The cost of the DREAM Act has been estimated as very large — a $26 billion net cost in the first 10 years,” Camarota noted.

Indeed, the Congressional Budget Office recently estimated that 3 million DREAM Act recipients would receive an estimated $12 billion-plus in ObamaCare subsidies, more than $5.5 billion in Medicaid benefits, $5.5 billion in earned-income and child-tax credits and more than $2 billion in food stamps.

A bipartisan bill incorporating the deal was defeated in the Senate last month by a vote of 54-45. Trump rejected the proposal in favor of a tougher border bill introduced by Sen. Chuck Grassley (R-Iowa), which limits the number of DACA beneficiaries to 1.8 million, curbs family visas, or so-called chain migration, and phases out the diversity visa lottery, while earmarking $25 billion in funding for the wall and other border security.

The problem is not the money–the problem is the spending priorities.

A Moment To Be Carefree

To be carefree is a wonderful thing. It’s one of the first things cancer patients give up when they are diagnosed with the disease.  The Mimi Foundation decided that it would change that for some cancer patients. Please read the article at the Business Insider to understand the whole story and to see some wonderful pictures.

Meanwhile, YouTube posted the video:

Enjoy.

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There Is No Real News Value To This Story–It Is Simply Nostalgic !

On Monday Business Insider posted a series of pictures taken inside the Intrepid–the parts where tourists are not allowed. Since my husband was in a Naval Air Squadron that was stationed on the Intrepid in the late 1960’s, I stopped to look at the pictures. Please follow the link above for the tour!

There are some lights on back here so it's easy to spot the odd items that make this feel like a time-warp — this type of soda was popular in the 1970s

This is one example of the time warp they discovered. When was the last time you saw a patio soda can?

The Navy brought us to New England and we stayed because we fell in love with the people and the scenery. I still have not gotten used to the climate!

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This Is Just Distressing

Business Insider reported yesterday that Rham Emanuel sold up to $250,000 in Freddie Mac stock on February 21, 2003, days before it dropped by 10 percent and weeks before the announcement that it was under investigation. This is reported in Peter Schwiezer’s new book “Throw Them All Out.”

The article reports:

While by no means illegal; lawmakers are exempted from the insider trading laws they impose on private traders. But the timing of the trades is certainly suspect, especially given Emanuel’s service on the board during the time period for with the federal government was investigating the actions of Freddie Mac executives.

Why are lawmakers exempted from the insider trading laws they impose on private traders?

The beginning of cleaning up Washington, D. C., might be to make all lawmakers and office holders subject to the laws they pass. Wouldn’t that be a really good idea?

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