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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Senate Democrats and Their Hypocrisy On Trickle Down Economics

I had wanted to do this post for a while but the constant political class insanity from our political class and the fallout from the worst piece of Washington legislation ever passed, Obama Care, has pushed this piece of political class lunacy to the back burner.

However, it is a good time to do this review of political corporate cronyism for a number of reasons. First, it is always good to see how our politicians in Washington are handing out our tax dollars to their business and union cronies, usually for a return payment to their perpetual reelection campaigns. 

Second, House and Senate politicians have been in secret negotiations over the past few months, trying to finally come up with a formal and rational Federal budget, something they have not done for the past five years. I expect to hear the President, and Reid and Pelosi start yelling really soon that they see a need for tax increases in order to have a sound budget. 

Today, we will again rebut this insanity by showing how billions and billions of dollars could be trimmed from the Federal budget spending stream by stopping the massive corporate welfare that the Federal government indulges in with our wealth. Our constant assertion that no American, rich or poor, should pay an additional penny in taxes as long as the Federal government is as wasteful, petty, and fraud infested with our tax wealth and, as we will see today, as long as they continually give out our tax wealth to their cronies in big business is still valid.

The main basis for this post is an article that was written by Tim Carney in a March Washington Examiner piece: “Trickle-down Dems would line pockets of big business.” He took a detailed look at the budget plan that Senate Democrats had put together.

Remember, Democrats have always tried to position themselves as the protector of the common citizen and that the evil Republicans were in bed with the big, bad corporations that were abusing American citizens and workers in every way possible. As you will see, every politician, including Democrats, are very good at abusing us, as illustrated by their proposed budget back in March, an approach that I bet has not changed at all since then.

When reviewing the following corporate welfare programs the Senate Democrats were propping in that early 2013 budget proposal, keep in mind how they tried to set up the budget philosophy, in their own words: "The Senate Budget takes the position that trickle-down economics has failed as an economic policy and that true national prosperity comes from the middle out, not the top down." 

Trickle down economics has failed? That is their position in the intro to their budget. But they then go off and start giving away billions of taxpayer dollars to rich corporations in the weak, often vain, hope that this will some how trickle down the corporate ladder and create jobs. Hypocrisy at its worst.

1) The so-called Federal Export-Import Bank is supposed to support U.S. exports by lending taxpayer money or guaranteeing private loans to foreign buyers of U.S. goods. Yes, the American taxpayer, via the Federal government, gives our wealth to foreigners to buy products from U.S. companies. The Democrats wanted to keep that entity in existence in their budget proposal.

This might be a good idea except for the fact that like many years before, in 2012 Ex-Im dedicated more than 80 percent of its loan-guarantee dollars to subsidizing Boeing sales. The overwhelming majority of the program’s dollars goes to a single company. Shouldn’t the shareholders and owners of Boeing be the ones helping finance the purchase of its products, not the American taxpayer? 

The writer, Tim Carney, points out the hypocrisy quite nicely: “Democrats may argue that these Boeing subsidies -- and Boeing just got a $1.2 billion guarantee last week -- create jobs. But a party that "creates jobs" by giving taxpayer subsidies to Boeing should not complain about "trickle-down economics."

2) Another crony infested proposal by the Senate Democrats was a $20 billion "investment" in broadband -- laying fiber optics, especially in rural areas. But the New York Times published a story last February about an 11-student schoolhouse in rural Colorado, eleven students total, which received three fiber-optic Internet lines, funded by a whopping $100 million taxpayer grant to a consortium featuring IBM. That comes out to about $33 million for each line, about $9 million for each of eleven students. 

Who's really benefiting here, the students or the companies? And how many “jobs” were created with this $100 million “investment? Probably none, if only three lines were installed. Imagine how much money would be wasted if the Senate actually gave out $20 billion in the same manner.

3) Back within that early 2013 budget attempt was a call to spend money on "Investing in life science research." To prove their point and the priority for spending more on life science research (whatever that means), the Senate Democrats referenced an important sounding group called United for Medical Research (UMR). 

Who or what is UMR? UMR represents two of the biggest lobbying organizations in Washington: the Biotechnology Industry Organization and the Pharmaceutical Research and Manufacturers of America. Sounds like those folks might have a stake in spending billions on “life science research.” 

But this is the same inane argument as the Ex-Im Bank is for Boeing: if this research is so important and so lucrative, than the businesses and companies behind the UMR should be funding the research out of their shareholder bucket of cash, not the American taxpayer. It is the shareholders who will get the eventual big payoff from the research with likely very few jobs created in the process.

4) Also cited in the Democratic budget proposal is the Alliance for a Stronger FDA, which is another group funded by BIO, PhRMA, Pfizer, Merck, Eli Lilly and Johnson & Johnson. So the big drug companies are at the teller’s window also, looking to get the American taxpayer to fund what they should be paying for from a research perspective.

5) Not mentioned in the article is the hundreds of other sweetheart deals that corporations get from Washington. Solyndra and other crony infested alternative energy companies wasted billions of dollars of taxpayer wealth with nothing in return from an alternative energy perspective. Last week, we talked how General Motors will never repay the American taxpayer the $10 billion it still owes us. Fannie Mae and Freddie Mac at last count were approaching almost $200 billion worth of taxpayer bailout costs. Democrats had no problem funding these major corporations with taxpayer payer wealth.

True capitalism requires a level playing field where all the competitors live, thrive or die based on their own hard word, abilities, and innovation. Crony capitalism, as practiced by the Senate Democrats in their budget proposal and day-to-day activities, intentionally tilts the playing field to the advantage of connected companies, usually big companies, that milk the capitalism culture in Washington to their own benefit and the detriment of the American taxpayer and other, more honest competitors.

Consider some information from the political campaign tracking website, Open secrets. According to their analysis, the following companies contributed the indicated amounts of money to politicians:

• In 2012, the Boeing corporation contributed $3.4 million to election campaigns and spent $15.6 million on lobbying.
• Their level of political contributions placed them in the top 99.6% of all contributors and their lobbying expenses placed them in the top 99.7% of all companies that spent money on lobbying.
• In 2012, Johnson and Johnson contributed $1.4 million to election campaigns and spent $5.9 million on lobbying.
• Their level of political contributions placed them in the top 98.7% of all contributors and their lobbying expenses placed them in the top 98.2% of all companies that spent money on lobbying.

You get the idea. In this country today a company can spend a few million dollars on incumbent politicians’ reelection campaigns and lobbying and get billions of dollars in benefits back, courtesy of the American taxpayer. Rather than spend money on new factories or new research like they should be doing, they can now get better financial returns and results, more tax breaks, free use of taxpayer money, etc., by contributing and lobbying rather than investing.

The most insulting part of the whole Senate Democrats’ budget process was the thought that this was NOT trickle down economics. It is the exact definition of trickle down economics, give taxpayer money to preferred corporate friends and cronies and hope that some incremental jobs might get created, enough to get the incumbents reelected. 

I hate it when they think we are too stupid to recognize their lack of integrity and depth. A pathetic way to run a country. A way that leads to wasted spending, declining investment, $17 TRILLION debt loads, crony corruption, and just a slimy feeling of what Washington is all about. 

So when the Democrats emerge from the current secret budget talks, ask them how 1) how much is Boeing, General Motors, Merck, and others getting from the taxpayers this time, and 2) why should we swallow any tax increases on any common American citizen while these corporations are getting billions for spending millions. 

Keep the following image in mind while you wait for the answers to these questions, courtesy of Tim Carney:

There's a colorful description for this sort of policy: feeding the horse to feed the birds. If you want to feed birds, you could set out birdseed in a bird feeder. Or you could throw some hay to the horses, and let the birds feast on what comes out the other end.

Here's a more polite term for the Democrats' economic approach: "trickle down."

BS is BS no matter what you call it. Or in Mr. Carney's example, we have horses rather than bulls so HS is HS no matter what you call it.

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