Showing posts with label economy. Show all posts
Showing posts with label economy. 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:

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Sunday, December 17, 2023

December, 2023, Part 5, Political Class Insanity: The Declining Fortunes of San Francisco and NYC, Biden's Failed Economic Policies, Fentanyl In The School yard, and More

  Every month we devote posts to just general political class insanity that is running rampant through the country. The members of the American political class continue to show that they are incapable of operating any level of government in this country. 


Even their best efforts are almost always inefficient and ineffective at resolving any problem facing Americans. They spend a great amount of time not trying to improve the lives of their citizens but continually ensuring their reelection and enriching themselves, their families, and their friends in the process, all at taxpayer expense.


1)One of the continuing topics that we cover in this blog is what major U.S. city will go bankrupt first? Candidates usually include New York City, Chicago, Los Angeles, San Francisco, Seattle and Portland. This episode concerns San Francisco and its battle to go bankrupt first:

  • Rampant crime, homelessness, public defecation, urination, and drug use has been causing businesses and residents to flee the city, taking their tax dollars with them.

  • As a result of this out migration of businesses and residents, remaining businesses have shut down their operations including Nordstrom, CVS, Office Depot, AT&T, Target, Whole Foods, and others which has further decreased the employment base and tax base.

  • And more recently, Old Navy has closed its city's flagship store.

  • All of this has resulted in an expected $200 million city budget deficit the coming year.

  • City robberies have increased 14% this year in the face of the mayor’s call for an 18% reduction in the 2024 police budget, not a good combination, increasing crime and decreasing police resources.

  • City drug overdoses reached 620 in the first nine months of this year, up from 540 in the first nine months of 2022, about a 15% increase.

  • And perhaps the saddest part of this whole disintegration of the city is that a city councilman, Dean Preston, has no viable solution to the city’s ills, claiming that “capitalism” is causing all of these city problems, not the policies that he and his fellow city politicians have set forth.

  • Of course, like most American politicians, he is quick to place blame on some nebulous cause but always has no viable, real life alternative to fix what they have broken.

  • Not surprisingly, Preston is a big advocate for “defunding the police”, a policy and thought process that has always failed in whatever city it has been implemented,  resulting in higher crime rates and unnecessary deaths of innocent residents.

Out-migration of residents and  businesses reduces the city tax base and tax revenue screams which results in a lower quality of life which forces more city businesses and residents to leave which further reduces the tax steam and what we call the “financial death spiral” is in effect.  This eventually leads to the bankruptcy of the city. A recent article reinforced our theory saying San Francisco was in a “doom loop”, a different name for the bankruptcy cycle that is underway and which politicians like Preston have no solution for.

2)One of Biden’s  primary failures as President has been the porous border policies he has implemented which has allowed millions of unvetted, unvaccinated, and dangerous criminal and terrorist factions to stroll into the country. Along with this flow of illegal and dangerous immigrants has also come tons and tons of illegal and dangerous/fatal drugs such as fentanyl.

This flow will undoubtedly result in a major jump in drug overdose deaths of Americans when the latest annual  drug death totals are totalled. And  most  distressing of all is that the fentanyl  epidemic that Biden has allowed to occur unchecked in this country is now reaching down to our kids:

  • In Virginia, seven school students recently fell ill after consuming candy gummies laced with fentanyl.

  • The drug overdose happened in Amherst, Virginia and fortunately all have recovered after being hospitalized.

  • Turns out a fourth grade student had distributed the fentanyl laced gummies at his elementary school during lunch,

  • Students experienced nausea, vomiting, headaches, and muscle spasms as a result of the fentanyl laced candies.

  • Two adults have been  arrested as a result of the incident with charges including contributing to the delinquency of a minor and possession of a controlled substance.

We have previously made the case that Biden, in theory, could be arrested for involuntary manslaughter since his policies have definitely resulted in incremental and unnecessary deaths. Fortunately, this was not another case where his poor policies resulted in more unnecessary deaths but it was close as his fentanyl epidemic rages on: 

https://loathemygovernment.blogspot.com/2023/10/time-to-deseat-congress-and-is-biden.html

3)Not only have Biden’s border policies been a disaster,, but according to recent opinion polls, his handling of the economy has also been a disaster:

  • According to a recent CNN poll, a news outlet that has a history of favoring Democrats and doing biased polling to favor Democrats, 67% of those polled disapprove of Biden’s handling of the economy, the main issue facing voters going tino 2024.

  • 71% of those polled rate economic conditions in the country as poor.

  • Of the 71%, 38% say economic conditions are very poor.

  • In the past year his approval rating has gone from 45% to 37%, the worst numbers of his Presidency.

  • 84% say they are at least somewhat worried about the state of the economy in their community with 43% saying they are very concerned.

  • A whopping 74% say they are at least somewhat concerned that the cost of living will get so high they will not be able to continue living in their neighborhood with 43% being very worried that this might happen.

Higher gas prices, higher food prices, higher utility prices, higher mortgage rates, lower wage growth, credit card balances exploding, and overall  worries about Americans well being, another failed economic Presidency.

4)New York City is another prime candidate, in our opinion, facing a financial death spiral. This has become a much bigger probability with the influx of thousands and thousands of illegal immigrants into this self proclaimed “sanctuary city.” This influx has caused the city to redirect millions and  millions of taxpayer dollars away from city tax paying residents to feed, shelter, and care for these illegal immigrants. This has resulted in fewer police, fire, ambulance, sanitation, and other city services for city residents.

And recent numbers regarding the caring for these illegal immigrants raises a concern of how wasteful this process has been:

  • About 70,000 meals that were intended for illegal immigrants were marked “wasted” in a recent three week period by the DocGo organization.

  • DocGo is a medical services company that got the city contract to provide illegal immigrant care.

  • At $11 a meal, this means that the feeding process of illegal immigrants wasted $776,000 in just three weeks.

  • On a pro-rated annual basis, this comes out to about $1 million in wasted food, food that could have been used to feed the city’s homeless and poor population.

  • DocGo gets paid $33 a day to provide three meals to each illegal  immigrant in the city’s system.

Think about how lucrative this counteract is. At $33 a day, 365 days a year, an illegal immigrant family of four is worth about $48,000 a year to the DocGo organizations. Too bad that the city is not paying an American family of four living in the city $48,000 a year. Another example where illegal immigrants are more important to American politicians than the poor, hungry, and homeless Americans they should be serving.

5)One last piece of political class insanity and this is a wild one:

  • Keep in mind that this is the first Presidency where cocaine was found in the White House, an incident that was covered up by the Secret Service since the culprit was never named despite it occurring in probably the most secure building in the world.

  • And now for the first time ever, a Democratic Senate staff member has been accused of allegedly filming himself in the nude and committing explicit sexual activity.

  • Not that this is bad enough but apparently he was doing the act and the filming in a Congressional hearing room, a place where Congress does its government business.

  • According to Geller Report, “Aidan Maese-Czeropski, a legislative aide for Sen. Ben Cardin (D-MD), did not address the pornographic video directly in his Friday evening LinkedIn post, instead only outright denying an unrelated accusation that he accosted Rep. Max Miller (R-OH) on Capitol Hill on Wednesday.”

  • According to the U.S. Capitol Police, “We are aware and looking into this.”

Just when you think things in Washington could not get any worse or more disgusting, the folks in the District surprise us, be it cocaine baggies in the White House or sexually pornographic filming in a Senate conference room. Unreal.

That will do it for now: pornography in the Senate, wasted/expensive food in New York, Biden’s failed economic policies, fentanyl in an elementary school and the fading away of San Francisco. Wow.

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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:
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