China obfuscation? Or just our Fed?

These days one would think that China is our blood enemy.  The accusations against them are plentiful:

·         Currency manipulation – people with not a smidgen of economic/trade/monetary policy knowledge or curiosity are bandying that indictment around

·         Trade imbalance

·         Trade deals.  This one is now hot due to one well media covered candidate who has used it as part of his “traction” campaigning – building the vote

·         Stupid American trade dealing (see above)

·         Economy slowing.  This one we get quite the kick from – our own economy stinks; has stunk for years; so all we do is rearrange the numbers; the statistics, the metrics and measurements to make it look better

·         Pictures of unoccupied buildings, some brand new, and other indications that China growth is a Hollywood set – shiny and new and pretty but nothing behind it

·         Control of information.  Closed society.  Have to pry out each tiny piece of data or report and then still need to worry about its consistency or accuracy

·         And finally, let’s face it, they still are commies and we know we can’t trust commies.  Look different, act different, etc., etc.

Had we structured this essay a bit differently – listed some of the above characteristics but posed them as questions without identifying the source/culprit we could very well have been speaking about America.  With one very notable difference.  We know that we owe them – China and many, many others a pile of money.  We know that we send much more money and intellectual know-how and designs and expertise to China than they send our way.  We know that what we get from them is output – lots of output, quality questionable.

Back home, where we pride ourselves on our high standards, we know this:

·         We have no clue how much money we, as a nation, owe.  Never been tallied.  We don’t know how much some of our cities and counties; our school and park districts; our very largest states owe much less how they will be able to repay the amounts we do know about

·         We know that we have an official “territory” in our country that is in a state of default.  Missed interest and principal payments on its debt

·         We know that many of our other states and their own political subdivisions must borrow more, increase their debt, to meet current obligations for debt service as well as ongoing, repetitive operations items such as payrolls and pension payments.   This is the classic definition of “insolvency”

·         We know that the last time our own national bank (Fed) raised interest rates was about ten years ago.  Raising interest rates is a routine monetary policy move indicating the economy is strong

·         We also know that the Fed has dropped rates as low as possible and they have been as low as possible for seven years.  Low rates means the economy is not strong

·         We also know that our own unemployment rate has been jiggered to make it appear strong vis-à-vis past measurement periods.  For political reasons.  Apparently it is okay when we jigger numbers or obfuscate facts or simply don’t address problems.  But it’s a big no-no for others to do the same

·         And we have no clue as to what happens next given our own economic situation because the Fed refuses to be specific about what happens if our economy gets even worse than it is

·         Oh, we overlooked one thing.  China is building and growing an economy – actually in a state of the most significant economic transition in the world’s history.  Similar to our situation in the early and mid 20^th century.  How good were our statistics and reporting 75 or 100 years ago?

·         Last, we know this – Keynesian economics, based on the so-called “General Theory?  Doesn’t work.  Either the theory is flawed or the theorists are flawed or the practitioners are flawed.  Most likely, all of the above

We doubt very much that what is going on; the uncertainty that is now rampant; with the market taking away wealth rather than building it, a task normally reserved solely for our beloved government and its tens of millions of well paid, well benefited and very, very well pensioned bureaucrats, will end well.  We also know that these many governments across our land, today, are stronger, bigger than ever and gearing up for elections in a year.  So we know we are sure to get some very interesting observations with a much greater than usual smattering of finger pointing and, isn’t it strange, we are pointing our finger(s) at China instead of the outfit right here at home?  The one with the log in its eye.  The Fed.  And its endless, live for today, pandering to these governments.

Les héros américains - In their own words

The heroes are:  Anthony Sadler, Alek Skarlatos, Spencer Stone (injured not on this video) and Chris Norman (Brit)

Another fine mess

The two newcomers – never before seeking the top political job – could not be more different, could they?

One thinks the answer is more government control or outright ownership of the economy.  He believes that capitalism is behind our malaise.  The greed of those who own the production and commercial activities of the nation has come home to roost by taking not just a good, healthy share of the output and its profits but by grabbing the lions share.  The rich get richer and the poor have children, would be a workable campaign slogan for this man.  And he will fix it.  The masses are wandering into his tent by the thousands, without any form of inducement or the managed way his principal challenger sets up her audiences and messaging.

On the other hand, the others who have long suffered but not silently, they’ve got so many wannabe’s its boring.  Each one is thinking – this is their chance – go for it – surely America will not wish to extend the malaise of the last 10 years or so.  Surely, change will come our way.  Its gotta be my/our turn, yes?

Mostly governors and senators.  Bright eyed and bushy tailed.  Telling us how they fixed this and that and I can do the same for the country that I did in Wisconsin or Ohio or Florida or wherever.  But no one believes them.  So a showman, shows up, with no political experience, thank the gods, and no concern about saying anything other than what all the others, the senators and governors might have been thinking but were too afraid to say.  He is one of the rich fellows the other guy (see above) blames for the mess we are in.

One guy, the socialist, wants to be Robin Hood – the other guy basically tells us, he has been robbing the hood.  Big time.  Billions.  But it’s all legal.  And he can fix anything because he is a capitalist.

So, now what?  What the heck are we to do with this fine mess you got us in Barack (maybe we just call him – Ollie?)



Immigration reform - à la Trump

Here are a few specifics (details) from the just released Trump plan –

·         Triple the number of ICE officers

·         Nationwide e-verify

·         Mandatory return of all criminal aliens

·         Detention—not catch-and-release

·         Defund sanctuary cities

·         Enhanced penalties for overstaying a visa

·         Cooperate with local gang task forces

·         End birthright citizenship

·         Increase prevailing wage for H-1Bs

·         Requirement to hire American workers first

·         End welfare abuse

·         Jobs program for inner city youth

·         Refugee program for American children

·         Immigration moderation

Read it in its entirety at:  https://www.donaldjtrump.com/positions/immigration-reform  The several paragraphs on controlling the border and getting Mexico to pay for it is alone worth your time.

Put together it is the most detailed plan we have ever seen, involving common sense and reality, from anyone seeking high office.

Compare it with the generalities and gibberish offered by Mrs. Clinton – here is a snippet: 

“The American people support comprehensive immigration reform—not just because it is the right thing to do, but because it strengthens families, our economy, and our country. Congress must pass comprehensive immigration reform that provides a path to citizenship, treats every person with dignity, upholds the rule of law, protects our borders and national security, and brings millions of hardworking people into the formal economy.”

Read it in its entirety at:  https://www.hillaryclinton.com/the-four-fights/strengthening-americas-families/

 

 

Pride before the fall

Old expression – Bible based – Proverbs 16:18 – “Pride goeth before destruction, and an haughty spirit before a fall.”

While cavorting with his ancestors (well, half of them) in Africa the other week your president must have been feeling his oats because he was quoted as saying, ““Under our Constitution, I cannot run again.  I think if I ran, I could win.”

Now if you are or think you are a thinking American these few words, uttered by an American president in a land beset with wealthy, embedded dictators, kings and potentates has to qualify as one of the most incredibly arrogant and stupid remarks ever uttered by an American leader who claims to be the leader of democracy and democratic movements anywhere.

Or, you can just be charitable and write it off as youthful foolishness – pride; hubris seasoned with a strong sprinkling of arrogance and stupidity.

We are tempted to say – give it a go Barack.  Tell your harridan; your novitiate that you want to keep the job.  Why not?  You have not paid much attention to the constitution heretofore.  You have created a mess of lasting significance with no apparent solution other than free college, free health care, free abortions, free food and useless but free diplomacy for both our allies and our enemies.

Who is going to want to clean up this mess of yours?

Well, take a look at the candidates.  On your side – a woman who hides out in plain sight.  Refuses to take questions and when a few softballs are tossed, she smiles, grins and utters meaningless trite.  A socialist who must have a few screws loose because every time we seek just one example of a thriving, large example of socialism wonderment we always end up finding dust, despair and African style despots.

On the other side we have a collection of governors, senators and other statists who, for the most part, are part of the government can do it crowd.  The three who stand out – two business people and a doctor are usually dismissed in part because they are not part of or do not curtsy to the government gone wild crowd.  Go figure.

So, Mr. know-it-all; Mr. what constitution?, we say – give it a go.  We hope you studied some of your African government leaders and saw how they do it – how they govern for decades and we imagine you probably took note of the fancy dwellings they occupy and the vast wealth they have accumulated.  Clinton style.  Give it a go Barack.  Let’s see if you put your time and energy and money where your mouth is.

Extreme silliness

Have you ever watched a local evening news cast in a small or smaller town?  There is always some badly dressed guy and some gushy girl and a few “technical” difficulties livening up a bunch of happy talk chatter about the weather and the local sports teams.  The  “news” personalities do this one thing – they try too hard and in so doing they make the news about them.  Their personalities; their perceptions; their self importance.

We have actually praised Megyn Kelly in the past.  Suggested she get the moderator job at Meet the Press.  We were wrong.  We have never been a fan of Chris Wallace.  We think he fits perfectly into the badly dressed guy described above.  Bret Baier?  No opinion, jury is out.  But early returns are not good when surrounded by these amateurs.

 

Put them together?  They are not ready for prime time. 

This so-called debate was not good.  In many respects.  First the platform and presentation – 10 candidates is about 5 too many.  America is not going to elect a one trick pony former Arkansas governor financed by the pro Israeli gang.  And we sure don’t need a former bureaucrat and now governor of New Jersey – a spectacularly corrupt place. (We don’t know which place is more corrupt – NJ or Illinois – but follow up Obama with Christie and you can put a fork in America.)  John Kasich is running a big state well – so maybe he becomes a potential VP candidate but c’mon – on the stage with the top four or five?  Not needed.  If one of the other 10 or 12 get the VP slot – let them debate before the election.  If one of the five falls out and someone else rises in the primaries – substitute.

Next, move away from this Hollywood media run debate platform with the giddy commentators running the show.  Past performances by Candy Crowley and Gwen Ifil should have ended the involvement of the American Hollywood media in big time debates.  They are not up to the job – too biased but mostly just too out of touch with America – too beltway limited.  We all know what ADAD is – adult deficit attention disorder.  This gang has a slightly different disorder – AADD, adult awareness deficit disorder.

A few examples of “voters matter” issues that the giddy Foxer’s never touched:

• How are you going to beat Hillary?  She is laden with baggage.  But you and your ilk never seem to be up to the job.  So, how this time?
• Debt?  Will you commit to not run for a second term if debt is higher then than now?  Is there any principle you have that you will abide by – not even run for office if violated?
• Government does not work.  Tell us specifically what bureaucracies you will close, completely and what other measures you will apply to all bureaucrats to bring their pay, benefits and pensions in line (that means lowering) with other regular, working Americans.  We want numbers and commitments.  BTW, have you ever even thought of privatizing some bureaucracies?   Do you have even one original idea or plan or concept to share with us?
• The EPA.  It just created a horrible environmental disaster out west.  What would you propose to do with the EPA?  How about a few criminal indictments?
• Will you negate Executive Order #10988?  Do you know what it is?  What it did?

Those are a few, off the top of the head.  We could offer endless specifics that are on the mind of many Americans and yet the Foxer’s prepare a list of questions seemingly vetted by the national enquirer.  This is the Republican party nominee candidate selection process – not the Hollywood media selection process.  If you sell soap and soda water, for a living, time to step back.  The situation at hand is much more important than using your “not ready for prime time” anchors to fit in a bunch of contrived one-minute Q and A’s in between advertisements for the crap they sell on Fox.  If the network can’t or won’t deliver a couple of hours without commercial interruption while we try to decide which candidate might be president for the next four years, we, the people, need to boycott the network.

There were two losers during last week’s debate.  Any American seeking to evaluate a possible Republican candidate and Fox.  One deserves being a loser; we the people do not.  We need and deserve a much better forum for our decision making process.  It appears that we are not going to get it mostly because our Hollywood media is a second and third class group of performers, all with AADD.  The ratings bonanza last Thursday night is not about the media, it’s about our desire to find a good leader, for a change.

To slightly paraphrase the Donald – it’s not just the government that is stupid.

Community Organizers - the Kawa Brothers

Our president claims to be a “community organizer.”  At TheFundamentals, the only community organizers we’ve ever known are the men and women in our neighborhoods who work hard to make the community a good place in which to live, work and raise a family.  It is tough work – mostly goes on 24/7 – pays very little – tends not to be acknowledged in any 15 minute of fame way – and those who successfully practice the profession do not become millionaires or give speeches for hundreds of thousands of dollars or attain high public elected or hired office and then set up foundations to collect even more millions of dollars from special interests and other wealthy patrons currying favors, tax breaks and other forms of governmental goodies. 

So, we figured it made sense to meet a few real community organizers - the Kawa Brothers.  Never heard of them?  Their political careers?  Foundations?   Millions?  John Carlisle of the Detroit Free Press tells us all about the ups and downs of real community organizers.  Thank you John.   We encourage you to read Mr. Carlisle’s article.  Please click on –

http://www.freep.com/story/news/columnists/john-carlisle/2015/08/01/detroit-chaldean-town-last-days/30993903/