Tag Archives: Fox Business Network

Doing Things Legally Has Value

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On Friday, Fox Business posted an article about the efforts being made to insure that federal benefits designed to help Americans go to Americans. If charitable groups want to help people who are here illegally, they are welcome to–but not with American taxpayer dollars.

The article reports:

Treasury Secretary Scott Bessent said Friday his department is working to cut off federal benefits to illegal immigrants at the direction of President Donald Trump.

Bessent wrote in a post on X that “we are working to cut off federal benefits to illegal aliens and preserve them for U.S. Citizens.”

He said the Treasury “announced that it will issue proposed regulations clarifying that the refunded portions of certain individual income tax benefits are no longer available to illegal and other non-qualified aliens, covering the Earned Income Tax Credit, the Additional Child Tax Credit, the American Opportunity Tax Credit, and the Saver’s Match Credit.”

Bessent’s post alluded to an announcement made by the Treasury Department last week that it will propose new regulations clarifying that refundable portions of those tax credits are “federal public benefits” that illegal immigrants and nonqualified aliens aren’t entitled to receive.

The article also reports:

The Treasury’s Financial Crimes Enforcement Network (FinCEN) announced Friday that it is issuing an alert to financial institutions to prevent illegal aliens from exploiting the U.S. financial system by moving illicitly obtained funds.

The announcement notes that money services businesses (MSBs) are generally required to file a suspicious activity report for a transaction that involves at least $2,000 and that the MSBs know, suspect or have reason to suspect is relevant to a possible legal or regulatory violation.

America should not be a country where people enter illegally in order to receive free stuff. Nor should it be a clearing house for money earned through illegal activities. One way to go after the cartels is through the money laundering they engage in to hide their profits in drug running and human trafficking.

Will Fiscal Sanity Return To Congress?

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On Thursday, Breitbart posted an article illustrating the path to fiscal sanity for Congress (assuming Congress actually wants fiscal sanity).

The article reports:

On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Rep. Byron Donalds (R-FL) stated that the best way Congress can fix the economy is to get back to the regular appropriations process…

…Donalds said, “[I]f our economy doesn’t get back on track, we’re all in trouble. And the number one way we can do that from Capitol Hill is…we’ve got to get back to regular order in Congress. We have to have real appropriations, not smoke-filled room foolishness. We’ve got to get all that COVID money out that was appropriated, still not spent. Our economy can’t take it. And then, you have to get to the hard stuff. Yes, we have to have border security. You can’t have fentanyl in our streets. Yes, we’ve got to make sure our military is strong because the Chinese are…a clear threat to global security, especially in Taiwan. All these things are happening at warp speed. We’ve got to get serious. No more games.”

Congress has not followed the regular budget process since 2009. The chart below shows what has happened since then:

The second column is revenue; the third column is spending; the fourth column is the  surplus or deficit. The chart represents trillions–not billions.

How much is a trillion?

Let’s get back to a budget process that works.

 

 

The Numbers Behind The Numbers

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On Friday, WND posted an article about the jobs report that came out last week. The numbers behind the numbers are not a cause for celebration.

The article notes:

Reality, however, came from a commentary at Twitchy, which said, “Fox Business Network’s Charles Payne broke down the ‘528,000 jobs added in July’ and let’s just say this particular perspective will not earn a Ron Klain retweet.”

Below is a portion of that Tweet:

The article reports:

Economic analyst Charles Payne is warning that the jobs report that the government released early Friday doesn’t say exactly what Joe Biden apparently wants it to say.

That’s because of the “new jobs” created, 384,000 of them are part-time.

The article concludes:

Because of Biden’s policies, gasoline in America has surged well past the $5 a gallon mark, about double what it was when he took office. The prices have declined somewhat in recent weeks, but it still remains at highs not seen before.

On top of that, Americans are facing inflation of 9.1%, costing the average family thousands of dollars a year more to have the same lifestyle of just last year.

One social media commenter gave a verdict on the Biden boasting: “Smoke and mirrors, baby. Smoke and mirrors.”

As an average American, I am not feeling the benefits of the Biden administration’s economic policies, and I don’t think I am the only person saying this.

 

 

I Totally Don’t Understand This

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Yesterday Breitbart News reported a puzzling comment by House Majority Whip James Clyburn, a South Carolina Democrat. Representative Clyburn was being interviewed on Fox Business Network by Neil Cavuto. The article includes part of the transcript of that interview.

The article reports:

NEIL CAVUTO: As you’ve been seeing with Michael Bloomberg, he’s been jumping in the polls on the heels of his very expensive, pricey ad buys if you include $125 million slated for Super Tuesday. Could you, would you back him?

REP. JAMES CLYBURN: I’m going to back whoever our nominee is — Absolutely.

CAVUTO: Even with the things he’s said about African-Americans? Does that bother you?

REP. CLYBURN: Not as much as what Trump has said about African-Americans. Anytime that I go to the polls, I’m considering positives and negatives on all candidates and I try to go with the one whose positives outweigh the negatives.

CAVUTO: Let’s leave the words aside, whether you like his style or not, tweets or not, or comments or not, he’s delivered the goods for a lot of African-Americans. Does he not with record-low unemployment levels?… You don’t think that’s something that’s constructive?

REP. CLYBURN: No, because it’s not true. I’m saying that the African American unemployment is not the lowest it’s ever been unless you count slavery… We were fully employed during slavery. So, it all depends how you measure this up.

This is how blind hatred affects judgement.

On February 7, 2020, CNS News reported:

Trump loves to boast and exaggerate, so it’s easy to throw out little “Pinocchio” ratings when Trump claims we have the lowest black unemployment rate in American history, since it’s only been measured since 1972. But it’s literally the lowest ever measured in American history. What the fact-checkers are doing is littering achievements with asterisks, trying to distract from the undeniable fact that unemployment is at record lows for blacks, Hispanics, women, the disabled and undoubtedly other groups Democrats claim to champion.

This is the link to the Bureau of Labor Statistics website page that has all of the unemployment statistics. You can explore that page for pure numbers. We should all celebrate the fact that the Trump economy has been good to all Americans of all backgrounds.

Free Speech Is In Danger In America

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I have DISH cable tv. Currently I am very unhappy that I don’t have Fox News on my cable. Fortunately, I also have Sirius internet, so I can still listen to Special Report and the Journal Editorial Report even though I can’t watch them. I do not have the option of changing cable service, because it is part of the community I live in. However, if FOX News does not come back soon, I may begin to look into other ways I can get it. So what is this fight between DISH and FOX News about?

On January 13, mrctv posted an article about the ongoing battle between DISH and FOX News.

The article reports:

Dish Network dropped Fox News and its sister network Fox Business Channel at the end of last year and the network still remains blacked out for Dish’s 14 million subscribers.

Dish Network claims that they dropped the nation’s number one cable news network because of a contract dispute.  Fox News disagrees, claiming that the move is an effort by Dish Network to censor their content. 

While it’s not entirely clear who’s in the right in this matter, digging into the background of Dish Network’s  founder and chairman Charles Ergen may help to illuminate why animosity between Dish and FNC has reached such epic proportions.

The article explains that Charles Ergen donated $64,000 to the Democratic Senatorial campaign Committee in 2014. The main recipients of the donation were Kay Hagen(NC), Mark Pryor (ARK.),  Mark Warner (Va) and Mark Begich (Alaska). That in itself is not a problem, but the story continues:

In 2012, a federal complaint was filed against Ergen in which several company executives alleged that he had intimidated them into making contributions to specific candidates, the majority of which were Democrats.

The claim was filed by an unnamed company insider who accused Ergen of “forcing” Dish Network’s Chief Operating Officer Bernard Han to donate to a Democratic Party candidate in the 2009/2010 election cycle.

The complaint also claimed that Han was “encouraged” to attend Democratic functions and fundraisers and that other Dish employees were strong-armed by Ergen in a similar way.

According to the insider, Ergen insinuated to Han that he would still have his job if he declined to make the contribution, but would suffer consequences if he refused.

This does not sound like someone who is interested in either free speech of a balanced playing field.

Our community will review its cable tv choice this spring. If FOX News is not back on DISH, I hope we will change providers.