economic news

Yeah, I’m tired of ‘winning’

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Donald Trump’s version of “winning” bears no resemblance to what the rest of us think of the term.

He insists America’s unprovoked trade war that has spread across the planet like a Texas prairie wildfire has earned the respect and admiration of our allies.

Um, Earth to Donald: No. It hasn’t.

Canada has vowed to retaliate. So has Mexico. We start with our two closest neighbors and two of our most reliable trading partners, and it only worsens beyond that.

The European Union is aghast that Trump would impose steep tariffs on goods imported from France, the UK, Italy and Germany. What’s a bottle of wine going to cost now that Trump has imposed steep tariffs on that item?

Here’s the bitterest irony of all the international reaction. Russia, Turkey and Hungary – nations all run by ham-handed dictators and thugs – aren’t feeling the tariff pinch the way our traditional allies are feeling it. Why is that? It must be that Trump so deeply admires dictators, so much so that he is exhibiting signs of becoming one himself.

And yet the POTUS keeps yapping about the “winning” strategy of declaring economic war on our allies. He says they’ll come around to seeing it our way. Really, dude?

It’s looking all more likely to this old man’s eyes that our allies are fed up to here – and you can determine where “here” is – with Trump’s ignorant push for tariffs that only punish Americans.

Am I tired “winning”? Yeah, I am sick and tired of it in terms that Donald Trump applies it.

education news

Public ed faces the axe

The Texas public education system is about to feel the budget axe as the Legislature prepares to approve a school voucher plan and send it to Gov. Greg Abbott’s desk for his signature.

What a crock of steer manure!

House Speaker Dustin Burrows says the House has enough votes to approve a measure that would allow the state to siphon off public education money and set it aside for parents to use to pay for private education for their children.

Burrows, a Lubbock Republican, is serving his first term as House speaker. I had a glimmer of hope he might have followed the lead of two former GOP speakers — Dade Phelan and Joe Straus — in resisting this gutting of public education.

Frankly, the move to gut public school districts of money runs totally counter to traditional Republican support in rural areas of the state. Many communities represented in Austin by GOP lawmakers, depend on healthy and vibrant public school systems to hold their towns together.

Those systems will be deprived of funds they need from taxpayers’ pockets once this goofy idea becomes law.

Abbott, Lt. Gov. Dan Patrick and many MAGA Republican lawmakers are dead set on depriving public schools of the money they need to strengthen themselves and provide quality education to our public school children.

My wife and I brought two sons into this world and they attended Texas public schools until the early 1990s. I believe they both received good educations that enabled them to attend and graduate from higher education institutions. They both have flourished in their professional lives as a result.

I only can hope that future generations of Texas kids can enjoy the fruits of a solid public education. I don’t feel good about where the state is going.

Uncategorized

LBJ would have none of this

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Lyndon Baines Johnson would be appalled and aghast at the state of American politics today … of that I am absolutely certain.

The nation’s 36th president took office in a time of national grief. A madman with a rifle shot his presidential predecessor to death in Dallas on Nov. 22, 1963. LBJ, a long, tall Texan, took the oath of office aboard a crowded Air Force One jetliner.

Then he commenced to finish the work started by President John F. Kennedy. He had asked the nation for its prayers as he took the reins of power.

President Johnson knew a fundamental truth about politics, about governance and about the government he inherited. It was that to get anything across the finish line, he needed help from those on the other side of the aisle. Johnson was a true-blue Democrat but he had plenty of Republican friends on whom he could count.

His first legislative task was to get the Civil Rights Act approved. Democrats were led by Southern segregationists who adhered to Jim Crow beliefs about racial separation. What did LBJ — himself a Southern Democrat — do? He sought the help of GOP senators such as Everett Dirksen of Illinois and Hugh Scott of Pennsylvania. Johnson, a former Senate majority leader before he became VP in 1961, knew how to work the system.

The Civil Rights Act passed. Then came the Votng Rights Act. LBJ needed the same cast of friends to help him enact legislation guaranteeing the civil rights of all Americans, especially Black Americans.  The Civil Rights Act came into being in 1965.

LBJ also shephered Medicare into existence that year, again gathering GOP help.

I mention all this because Lyndon Johnson would be horrified to see the denigration of alliances he helped build at the hands of Donald Trump and the cabal of MAGA morons who run things in D.C. these days.

Trump is governing only to appease the base of what used to be the Republican Party. The one-time party of Abraham Lincoln, which reached out to minority Americans, and the one-time party of Ronald Reagan, which preached fiscal restraint, has been taken over by an ignorant authoritarian. Donald Trump has plunged the world into a global recession, has cost many millions of Americans billions of dollars in retirement funds and has declared economic war on our most faithful allies.

How? Because he is enamored of the term “tariff” and has enacted a measure that only is going to harm Americans … and no one else.

Would Lyndon Baines Johnson stand for that? Never!

economic news

Trump’s callousness in full view

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You want a measure of the callousness of the Dumbass in Chief, the guy who said he looks out for the “little guy”?

On the second day of Donald Trump’s unprovoked international trade war, a day in which the Dow Jones Industrial Average shed more than 2,000 points , costing total investments to lose trillions of dollars, Trump jets off to Florida to play a few rounds of golf.

Hey, no worries, man. The MAGA Moron in Chief doesn’t give a rat’s red backside about the loss of millions of Americans’ retirement funds. He said he does, but you know how believable anything is that flies out of Trump’s overfed pie hole.

It kind of reminds me of the February 2021 escapade in which Sen. Ted Cruz sought to grab a few rays in Cancun while Texans were freezing to death in the killer winter storm that paralyzed the entire damn state. Cruz got caught escaping, returned to Texas … and then blamed his daughter for talkiing the family into the ill-fated family vacation.

This time, the callousness belongs to the president of the United States of America, who launched an unprovoked international trade war by imposing tariffs on virtually every product imported into this country. Nobel laureates have proclaimed this to be a catastrophe. So have politidians of both parties. Even the great President Reagan beomoaned tariffs in the 1980s, calliing them a national sales tax that falls on every Amerixan to pay.

One of the countless lies that Trump told voters while campaigning for the presidency is that he cares about them, their welfare and their livelihood.

He doesn’t give a sh** about ’em, the folks who followed him all over creation to cheer on the lies he told them.

Here’s a thought: If he truly cared about us, he would keep the golf clubs stashed away and he would rescind the tariffs he knew would cause the havoc they have caused.

Donald Trump, national news

Move over, President W.H. Harrison

I long have held the late President William Henry Harrison up as the model for setting the dubious record for making stupid presidential decisions.

Donald Trump is challenging President Harrison for that title.

Harrison’s stupidity manifested itself on inauguration day, March 3, 1841. It was bitterly cold in Washington, D.C. Harrison’s medical team warned him to bundle up before delivering his inaugural speech. He ignored the medical advice and stood in the cold rain for well past an hour droning on about whatever was the issue of the day.

He then caught pneumonia and was bed-ridden until April 4. That’s when he died. They swore in VP John Tyler.

Profoundly stupid on the president’s part, correct? Yes. It was.

Trump has been told by Nobel laureate economists on the left and the right that the tariffs he has imposed will be catastrophic. They will punish Americans who will pay exhorbitantly high prices for goods and commodities imported from abroad. They will do little harm that Trump intends to inflict on the exporting nations.

But … he imposed the tariffs anyway. He has put millions of Americans’ livelihood in potentially dire peril. He launched without apparent provocation and international trade war that includes some of our strongest, most reliable and faithful allies and trading partners. Such as Canada, Mexico, France, Australia and Japan.

Yes, the dumbass in chief has decided to declare economic war on the entire planet apparently believing he is going to strengthen our hand in the world market.

Well, President Harrison’s stupidity had an obvious negative impact on his personal health and well-being. Donald Trump’s stupidity will reverberate all across Planet Earth.

Step aside, W.H. Harrison. You have company in the pantheon of pitiful presidents.

business news, economic news

Trump inscribe’s hideous legacy

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What does it say about a U.S. president who hears from the top economists on Earth that a policy he is considering would bring unvarnished disaster for Americans’ life savings … but then goes ahead with the decision to proceed?

It tells me that the president is hellbent on inscribing his place as the worst president in U.S. history.

How in the name of economic sanity can Donald J. Trump impose tariffs on our closest allies and most reliable trading partners and then watch as retirement accounts vaporize in real time?

He has through executive action spurred an international trade war, guaranteed a huge spike in inflation, forced the nation into a negative economic growth pattern and cost Americans billions of dollars in their retirement accounts.

Where I come from, that makes Trump the worst president in the history of the republic.

He doesn’t take advice. He heeds only his overfed “gut” and his “hunch.” He seeks to punish nations for “ripping us off,” yet imposes tariffs on such economic giants as American Samoa and Vanuatu.

Yours truly’s retirement account is vanishing before my eyes. Why? Because the numbskull in chief doesn’t care one damn bit about protecting the people who pledged to protect when he took office.

national news

Musk wearing out his welcome?

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Some within the political punditry class of Americans are beginning to speculate over many folks predicted would happen once Donald Trump took the oath of office as POTUS.

There’s been some legitimate reporting that Elon Musk, the de facto co-president, might be on the way out at the West Wing.

I haven’t heard much conjecture yet as to why Trump and Musk will part company. I do have a theory. It is that Musk is stealing Trump’s thunder.

Some of us have begun referring to the administration as the Musk-Trump administration. You know what that does to any ego-driven politician in America? It sends them into orbit. If that’s what is happening with Trump, well, I don’t blame him one bit for getting upset.

Americans voted for Trump, not the world’s richest man, as president. I wasn’t one of them, but that’s not the point. I accept the verdict of the slim majority of Americans who cast their lot with the twice-impeached, convicted felon who won the 2024 election. I still believe they made a mistake, but the results were certified and entered into the record.

The White House, quite naturally, says Trump is standing by Musk. But anyone whose butter hasn’t slipped off their noodle knows of Trump’s mercurial temperament.

Which is to say that today’s statement of loyalty and support by Trump can turn the next day into a social media pink slip.

national news, political news

Trump’s gone loony

Donald J. Trump has flipped that mass of hair on his noggin, gone ’round the bend, has become certifiably nuttier than a Snickers bar.

He says he is considering a way to seek a third term  in the only office he’s ever sought or held. How does he do that? He ain’t saying. Other Trumpkins are concocting ways to skirt around the U.S. Constitution, which has that 22nd Amendment that bars anyone from being elected more than twice to the presidency.

Trump’s been elected twice, to this nation’s ever-lasting shame.

He says “there are ways which you could do it,” meaning he can find a way to get elected a third time as POTUS.

It won’t happen.

Not in this or any lifetime any sane person can envision.

As I said already, Trump isn’t sane. He’s nuts. Bonkers. He’s also an old man who might not live to the end of the current term. He’ll be 83 at the end of the current term. Cognition? Looks like it’s beginning to slip … but that’s just me thinking out loud.

The framers made it difficult to amend the Constitution. They didn’t write a perfect governing document, but they were right to set the bar very high for changing amendments added to it.

The 22nd Amendment is on the books for keeps.

economic news, local news

Come back during rush hour!

A friend who lives in Austin ventured through Princeton recently partly to check out some of the issues I have raised on this blog … at least that’s what he said.

He was traveling from Paris through Princeton and wanted to know about the hubbub over this city’s enormous growth.

He got a small taste of what I have been saying about this Collin County community that is undergoing a fairly fundamental identity crisis. My friend said somethinga about the city-imposed moratorium on residential construction. The council imposed the ban and then recently extended it another six months. My hunch is that it will do so again and again … and may even again.

City Manager Mike Mashburn estimates that Princeton is home to more than 40,000 residents. I believe him! Builders are planting “New Homes Coming” signs still on undeveloped residential plots as they commence contruction to fulfill building permits that already were approved prior to the council’s decision to suspend residential construction.

The city has overbuilt beyond its ability to service the people who already are here. It is trying to halt the construction long enough to enable it to provide the infrastructure it needs to provide the service.

My friend said he cannot imagine how tough it is during morning and evening rush hours along U.S. 380, the major east-west thoroughfare that cuts through Princeton. What’s more, it’s going to get worse. Texas transportation gurus want to widen 380 from four lanes to six, but to do that the’ll have to shut down two of the lanes to make the highway a two-lane track while they build the extra lanes.

I appreciate my friend’s outsider perspective. He can’t “imagine” how bad it can get here. I got news for him. Neither can I.

Commentary on politics, current events and life experience