Showing posts with label nvidia. Show all posts
Showing posts with label nvidia. Show all posts

Tuesday, May 6, 2025

How Trump Is Fixing the Revenue Side of the Federal Government and, In Turn, The Nation's Economy

As readers of this blog know, I have never voted for a Republican for President since I began voting in the 1970s. Thus, I am not a Trump voter. However, I have avoided coming down with Trump Derangement Syndrome (TDS) and have kept an open mind about him. I find him obnoxious, graceless, and certainly not smooth.

However, he has been effective in other facets of his life and he has been effective as President so who cares if he is not graceful and eloquent? Consider the following stats as a historical review:

  • When Trump left office in 2021, the average price of a gallon of gas was $2.42, when Biden left office the average cost was $3.08.
  • When Trump left office in 2021, the average 30 year mortgage rate was 2.65, when Biden left office the average cost was 7.04%.
  • When Trump left office in 2021, the average cost of a dozen eggs was $1.47, when Biden left office the average cost of a dozen eggs was $4.95.
I could go on but you get the idea: I do not care what a politician's personality is as long as he or she delivers results for Americans, much like Trump did in his first term and unlike what Biden did in his only term.

Since coming into office three months ago, Trump has made excellent progress on several major issues facing the country including illegal immigration, illegal drugs flooding into the country, wasteful government spending, and the need to develop the country’s manufacturing base. Over the next series of posts, we are going to focus on the last two aspects of his progress, eliminating wasteful government spending and developing the country’s manufacturing base.

We have already done a series of posts on Trump’s attacking of wasteful government spending which began with the following post:

https://loathemygovernment.blogspot.com/2025/02/february-2025-by-numbers-part-2.html

We will get back to wasteful spending since Trump and Elon Musk have continued to identify stupid and wasteful government spending since the above posts on wasteful spending were discussed.

Today, however, we will review the various sources and companies that have promised to invest in America as a result of Trump’s policies. Revenue and expenses/costs are part of any business and Trump is a businessman. Thus, today let’s focus on “revenue:” generating jobs, wealth, and eventually taxes. And in the following posts we will go through the incredible amount of wasteful spending that he and his team has identified, something any business owner should always be doing, optimizing and hopefully minimizing his company’s costs.

But today, Trump’s efforts to bring investments and jobs to the country:

1) Apple recently announced that it will bring up a quarter million square foot factory in Texas by 2026. This factory will be focused on building artificial intelligence servers and this effort will create about 20,000 research and development jobs across the country.

It also announced that it plans to spend a half trillion dollars in the U.S. in the next four years. These expenses and investments will be spread out across its many product lines including purchases from U.S. suppliers and filming TV shows for its streaming service.

According to Apple CEO, Tim Cook: “As a proud American company, we're thrilled to continue to make significant investments in the US. Today, we’re announcing a $500 billion commitment to support American innovation, advanced manufacturing, and high tech job creation.”

2)Kimberly-Clark recently announced that it plans to domestically invest $2 billion over the next five years. This will be the company’s biggest U.S. investment in over 30 years.

This investment will greatly expand its manufacturing base to keep up with domestic demand for its many consumer products. The company expects this investment to create over 900 high end industrial automation and advanced manufacturing jobs.

According to Group Vice President for North America, Russ Torres: "This landmark investment represents a strategic bet on the American consumer and our ability to drive innovation-led sustainable growth for Kimberly-Clark. It reflects the confidence we have in our long-term growth plans and complements a broad range of commercial and R&D investments we have been making throughout the business as part of our Powering Care transformation journey."

A new factory in Warren, Ohio will be spread out over 1 million square feet. A new regional distribution center in South Carolina will streamline and improve the company’s logistics and delivery capabilities.

3)The United Arab Emirates recently committed to spending/investing a whopping $1.4 trillion in the U.S. over the next ten years. These investment will be done in various fields including AI, semiconductors, energy, and manufacturing.

For example, Emirates Global Aluminium will build the first new aluminum smelter in the country in 35 years. Such an investment is expected to double U.S domestic aluminum production.

4)Saudi Arabia’s crown prince recently announced that he wants his country to invest $600 billion in the U.S. over the next four years. According to a Saudi spokesperson: “The crown prince affirmed the kingdom’s intention to broaden its investments and trade with the United States over the next four years, in the amount of $600 billion, and potentially beyond that.”

5)Japanese Prime Minister, Shigeru Ishiba recently promised to boost Japan's investment in the U.S. by $1 trillion after a recent meeting with Trump. Part of this commitment involves boosting Japan’s importation of U.S. liquefied natural gas.

The Prime Minister, during the meeting, also pointed out how two Japanese car companies, Toyota and Isuzu, have plans to build factories in the U.S.

[Note: these stories and actions were reported by reputable news sources including Reuters, Associated Press, Japanese Times, and other sources.]

Big companies and wealthy nations are committing to making big investments in the U.S. as a result of Trump’s efforts and business negotiating skills. These investments will create jobs and wealth, the “revenue” side of the equation we discussed above.

But investments in America and our economy are not related to these huge investments discussed above:
  • IBM - $150 billion to be spent over the next five years for manufacturing operations.
  • Thermo Fisher Scientific - $2 billion over the next four years to expand its manufacturing and innovation projects.
  • Corning - $1.5 billion to expand its manufacturing location, adding 400 new jobs.
  • Merck - $1 billion investment to build a new manufacturing plant in Delaware to create more than 500 new jobs.
  • Amgen - $900 million investment in its Ohio manufacturing operation.
  • The Bel Group - $350 million investment to expand its U.S. manufacturing across several states.
  • Nvidia - $599 billion investment over four years invested in its AI infrastructure.
  • Taiwan Semiconductor Manufacturing company - $100 billion investment in its U.S.-based chips manufacturing.
  • Johnson & Johnson - $55 billion investment over four years in its manufacturing, research, and development operations.
  • Roche - $50 billion investment in its U.S. manufacturing and research operations, creating more than 1,000 jobs.
I will end this discussion here but we could list out dozens of other domestic and foreign companies and nations that have committed to invest trillions of dollars in the U.S. economy over the next decade or so.

And this is why I do not care that Trump is an obnoxious, crude person. The only thing that matters is positive results, regardless of what you think of the person creating these positive results. The investment plans discussed above, the “revenue” component of the business of government, are amazing. Over the next several posts we will continue to discuss the unbelievable number of wasteful projects and efforts that are wasting taxpayer wealth every day, the “expense” side of the government.

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If you agree that we need to deseat every member of Congress for their lack of success and accomplishment, then please consider going to the following petition link to help the cause:


https://www.change.org/p/deseat-congress-reset-freedom



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Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:

Wednesday, December 27, 2023

December, 2023, Part 8, Political Class Insanity: People Still Want To Be Free, Biden's Approval Rating In The Dumpster, More Pelosi Insider Trading Coincidences, and More

 Some final thoughts on political class insanity to wrap up the month and the year:

1)We have made it no secret that we believe that Biden’s economic policies, or lack of economic policies, has caused incalculable suffering on American families:

  • His inflation policies have caused overall living prices to increase about 17% in the past few years.

  • Food prices are up about 20% in the past few years.

  • Gas prices are up about 50% since he took office.

  • Over 60% of Americans are living paycheck to paycheck.

  • Credit card balances are now over one trillion dollars for Americans as they use their credit cards to try to keep up with higher and higher living prices.

  • Christmas tree costs were up 10% over last year.

  • The number of Americans living in poverty went from about 7% when Biden took office to 12% today.

  • Millions of Americans are still homeless, hungry, and in need of medical care and medical insurance under Biden.

And America’s veterans are also suffering under Biden’s policies:

  • The Department of Housing and Urban Development recently did a study that showed that the number of homeless veterans rose more than  seven percent in 2023 vs. 2022.

  • That 7% increase represents 2,400 newly homeless veterans over the past year, bringing the total number of homeless veterans to 35,574.

  • Experts in the field say that this estimate is probably too low.

Another day and another set of Americans suffering under Biden’s economic malaise.

2)We have discussed a number of times how Nancy Pelois and her family have allegedly benefited financially from insider government trading any number of times. By knowing what, if any government actions are going to be taken, they were supposedly able to leverage that information before it became known to the rest of the world. Every other American would be prosecuted and thrown in jail for suspicious activity like this but apparently in Washington, that is not the case.

One such example get be found at the following link where Nancy Pelosi and family made a quick $100,000 relative to the VISA IPO and their insider position:

https://loathemygovernment.blogspot.com/2011/11/final-proof-of-undeniable-corruption.html

And apparently and allegedly her family continue to profit off of her political position:

  • Biden and others in Washington have long considered a proposal to provide over $50 billion in taxpayer wealth to domestic computer chip makers to offset a potential trade war with China.

  • One of those domestic chip makers that would get this taxpayer money is Nvidia.

  • In the midst of this discussion, Paul Pelosi, Nancy Pelois’s husband, purchased a substantial amount of call options with Nvidia at a strike price of $120 each.

  • He made this purchase in June, 2022, the day before the Senate was to consider this subsidy package.

  • Government ethics expert, Craig Holman, says this coincidence “raises the specter” of insider trading for the Pelosi family.

  • FYI, the latest stock price for Nvidia is just under $500 a share, more than four times what Paul Pelosi paid for his call options.

Sure this could all  be a  coincidence. Sure.

3)Biden keeps claiming that his policies are working and that Americans are just too ignorant to understand what a great job he is doing. Americans must be ignorant since they do NOT consider him doing a good job:

  • A recent Gallup poll shows that Biden is set to conclude the year with the lowest Presidential approval rating of any modern President entering a reelection year.

  • Now the good news is that his low 39% approval  rate in December is up from its all-time low of 37% in  November.

  • The bad news is that his 39% approval rate at the same time in other Presidencies is lower than it was for Carter, Reagan both Bush Presidents, Clinton, Obama and Trump.

  • Trump was at 45%, six points higher than Biden’s 39%.

  • The same poll found that 68% of those polled said the economic situation in the country is deteriorating and only 22% said that economic conditions are good or excellent.

What a mess of a Presidency: bad economic, immigration, and foreign policies, bad approval numbers, and a President that truly is in cognitive decline with no hope of ever coming up with solutions to problems he had a major hand in creating.

4)As we alluded to above, Americans are very financially stressed under Biden:

  • A study by LendingClub found that 62% of those polled say they are living paycheck to paycheck.

  • This is the same level of angst that was reported last year.

  • A TD Bank  survey kind of verifies this finding since it found that credit card debt in the  country is now over $1 trillion.

  • Given that credit card financing rates are at or near all time highs, the use of running up such high credit card debt will cause even more financial  hardship down the road.

No Joe, the economy is not doing well.

5)We have often referred to two themes in this blog as it relates to population changes:

  • Theory 1: people want to be free - it is human nature to be free and when over taxation and over government regulation restrict that freedom we have seen in numerous cases of residents and businesses leaving states where their freedom is curtailed to go to other states where freedom is more appreciated by local politicians.

  • Theory Two: we have often covered the flight out of high tax, high regulation, high crime states that result in lower government tax streams which result in even higher taxes and regulations which drives out more people and the financial death spiral is under way.

We constantly report on the race to the bankruptcy court by major states like New York, New Jersey, Illinois, and California, who are hemorrhaging residents and businesses at a very high rate and forcing them to start down the path of financial ruin.

And the latest stats from the Census Bureau confirm our suspicions that the out migration from these states could very likely help them down the road to financial collapse:

  • The states gaining the most residents in 2023 were Texas and Floirda, states with no state income tax and a very friendly government regulation environment (Theory 1).

  • 87% of the national population growth happened in Florida and Texas.

  • Between July, 2022 and July, 2023, Texas gained almost half a million new residents while Florida, Georgia, South Carolina, and Tennessee (another state with no state income tax) also gained many new residents that came from other areas of the country.

  • While these states were gaining residents, no surprise that our prime high tax, bankruptcy states were continuing to  lose residents.

  • California lost over 330,000 residents, New York state lost over 216,000 residents and  Illinois lost almost 84,000 residents (Theory 2). 

  • Of these three states, New York had the highest rate of loss based on population.


People want to be free, safe, keep as much of their hard earned wealth as possible, and do not want intrusive government in their lives. This lesson continues to be lost on such shrinking states as California, New York, and Pennsylvania and their clueless politicians.


That will do it for today: more homeless veterans, more political insider trading, more bad poll numbers for Biden’s failure of a Presidency, more people living paycheck to paycheck, and more people seeking freedom from the states that continue to tax themselves into extinction.


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If you agree that we need to deseat every member of Congress for their lack of success and accomplishment, then please consider going to the following petition link to help the cause:


https://www.change.org/p/deseat-congress-reset-freedom



**********************


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at: