Category Archives: business news

Deal maker in chief is MIA

Someone will have to explain to me why the deal maker in chief, the guy who keeps bragging about his ability to cut deals with anyone is missing in action on any effort to broker an end to the government shutdown.

You’ve heard Donald Trump bellow and boast about his deal making skill. He yammers about how he can bring two sides together to strike deals that benefit everyone affected. How’s he doing on the shutdown?

He has shown virtually no interest in cutting a deal that would return hundreds of thousands of federal employees to their jobs. No interest in paying those who’ve still been working. Not a semblance of interest in seeking a long-term solution to this ongoing string of continuing resolutions that are good for only a few months before we return once again to the grandstanding we’re seeing in our nation’s capital.

Allow me this point of personal privilege. I am planning to board a jetliner for a flight back east in about 12 days. Air traffic controllers are on the job … but aren’t getting paid for keeping planes from crashing into each other. I believe I will hold my breath for the entire length of the length of the flight; that goes in both directions, too!

Trump has sent a healthy portion of his career in politics bragging about how crafty he is at the negotiating table. I’m ready to see if this know-nothing can deliver the goods. If he doesn’t, an entire country is going to continue to suffer.

Growth explosion: brand new to me

I have lived a long life and I intend to keep living it, but I want to take a walk back briefly through the communities I once called home and explain why my current hometown is so different.

I was born in Portland, Ore., a city that seemed stuck on a certain population of about 375,000 people through the 1950s and 1960s. The Army called me into active duty in 1968 and I returned to Portland, where the population stayed more or less the same through the 1970s and much of the 1980s. My career then summoned my family and me to Beaumont, Texas, a nice city to be sure, but one trapped in the era of “white flight” of residents to the suburbs. The population of Beaumont declined during our nearly 11 years on the Gulf Coast, falling from about 120,000 residents to around 115,000. Opportunity knocked again in 1995 and my wife and I moved to Amarillo, way up yonder in the Panhandle. The city enjoyed slow, but steady growth during our 23 years there. The city grew from about 180,000 residents to just less than 200,000. In 2019, I was retired from daily journalism and Kathy Anne and I moved to Princeton, Texas, a Dallas suburb about 25 miles northeast of Dallas. Then it came, a population explosion the likes of which I never had experienced. We bought our home at the right time, securing a loan for a ridiculously low interest rate. New residents came pouring into our city. The population exploded from 6,800 residents in 2010 to 17,027 in 2020. Today the city estimates the city is home to 40,000 residents. Forty thousand people now call Princeton home! That number is continuing to explode. The city council has invoked a ban on residential construction permits, but it must honor the permits already granted and the housing construction already underway. I am filled with anxious anticipation as Princeton grapples with this growth. Texas highway planners have big projects set for U.S. 380. City public works crews have to install new water and sewer lines. Police and fire departments need to hire more personnel. The school system is building campuses as quickly as it can but they are being overwhelmed by new students pouring into the district. The city desperately needs more commercial development to serve the thousands of new residents who are moving here. Those of us who already are here must watch as the city grapples with solutions to the “problem” officials face. How to cope with the tide of people who realize what many of us knew all along, that Princeton is a nice place to call home. City Hall’s challenge is to maintain Princeton’s desirability.

Tariffs come and go … and return

Donald J. Trump is in love with the word “tariff,” if only he understood what it means and who it penalizes.

He has just slapped another boost on the tariff he wants to charge India for goods imported into the United States. India now will pay a 50% tariff on everything that comes from that country into this one. So, if you want to buy a pashmina scarf from India, it will cost you basically half again the sticker price of the garment … which is pretty steep as it is!

That’s just one example of the inflationary pressure that awaits Americans who will pay for the tariffs Trump insists on leveling against the entire planet. He calls it payback for being “screwed” by the world’s nations. Good grief! You and I are going to pay for this nonsense. The weirdest part of all is that Trump is penalizing nations, such as Canada and Mexico, for engaging in trade practices that Trump himself worked out when he tossed aside the North American Free Trade Agreement. Go figure that one, ya know?

What does Trump have to pay? I don’t know nor do I care one damn bit. I am bitten by the “interest and apathy” bug.

All I can tell for certain is that when Trump gets done deciding how much of a tariff he wants to apply to this and/or that product or commodity, you and I are going to pay a hefty price for this numbskull’s obsession with a concept he doesn’t understand.

It’s called “check and balance,’ Mr. POTUS

The U.S. Court of International Trade has delivered a lesson on check and balance to the president of the United States … if only he knew what it means.

A three-judge panel ruled unanimously that Donald Trump overstepped his constitutional authority by issuing across the board reciprocal tariffs on the entire world. The ruling effectively ends — for now, at least — the idiotic trade war that Trump launched against this nation’s strongest trading partners and allies.

This really shouldn’t matter, given what the founders intended when they created a federal judiciary, but it’s worth noting nevertheless. One of the judges is a Barack Obama appointee, another one was nominated by Ronald Reagan, the third was selected by — you ready? — Donald Trump.

They spoke with one voice on this notion that Trump has no authority to act unilaterally by invoking these moronic tariffs. Trump has vowed to appeal the ruling. No surprise. It is his right to do so.

He keeps losing these court fights, yet he still claims to be a “winner.”

He’s not! Trump is a big-league loser.

My head is spinning!

Seriously! I cannot stop my head from turning round-and-round, the way Linda Blair’s did in “The Exorcist.”

Donald Trump’s tariff tantrum has me so damn dizzy at this point, I am afraid to stand straight up out of fear I am going to topple over. The tariff nonsense is the only explanation I can offer for the way my retirement investment account keeps reacting.

I lose several thousand dollars in one day, then reclaim most of it the following day. The investors who are monkeying around with my money can’t seem to settle on what they think Trump will do next. Then again, I don’t believe Trump knows what he’s going to do!

Over the course of weeks since Trump announced his decision to impose worldwide tariffs on everything this nation imports, people just like me have felt the same dizzyness. If we had a president who knew anything about what he has done, he could cease this nonsense right now.

He took office vowing to preserve and protect our rights. One of them is not written precisely into the Constitution, but I think we have a right to enjoy a retirement without fear of what the president of the United States of America is going to do to cause our retirement funds to take flight.

Is that so hard to understand? Am i being unreasonable to expect the president to stop this tariff horsesh** because he knows the damage he is doing to millions of Americans?

It’s not an unreasonable thing to expect, other than it requires Donald Trump to process hard reality the way most normal people do. This guy ain’t normal. He is way beyond abnormal.

He is certifiably stupid beyond measure.

And this is the guy who got elected president of the United States. Go fu**ing figure.

Tariff tumult requires testing

Donald Trump’s fixation with tariffs has the markets in an uproar. Hints of Trump blinking send the Dow Jones averages into outer space. Then the numbskull in chief says all the wheeling-and-dealing is a mirage … so the markets tank again.

I believe the Trump skeptics who contend that POTUS 45 & 47 doesn’t have a plan. He doesn’t understand the economics of a tariff, which makes me wonder out loud whether he evrer learned against the Wharton School of Economics, where he says he earned good grades.

I don’t what his grades were. I damn sure don’t care. He isn’t exhibiting a scintilla of knowledge about basic economics with this tariff nonsense.

President Reagan of all people called tariffs a “national sales tax” He was speaking in 1987 when he denigrated the notion of attaching tariffs on goods imported into the country. The Gipper was right then. Trump is wrong today in proclaiming that tariffs on imported goods will “make America great again.”

He is turning a national economy that was held up as the gold standard for the world to emulate into an international laughingstock.

Trump inscribe’s hideous legacy

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.

Trump to raise the cost … of everything!

Donald J. Trump, with the stroke of his Sharpie pen, instituted tariffs on every item this nation imports from Mexico, Canada and China.

It means that the cost of all the things we purchase from these formerly friendly trading partners is going to cost you and me more money that many of us cannot afford to pay.

Trump, though, keeps operating on the myth that he is punishing those countries. Bullsh**! That’s all it is. The self-proclaimed “king of debt,” the guy who once thought of himself as a whiz-kid wheeler and dealer is going to inflict pain on those he took an oath to protect and defend.

What in the name of fiscal sanity is rattling around that strangely coiffed noggin of his?

Do you remember when this dipsh** took office the first time and he negotiated what he called the greatest trade deal in business history with Canada and Mexico. He tossed aside the North American Free Trade Agreement and replaced it with another deal he said would protect all three nations from economic harm.

Well, buckle up boys and girls. The numbskull in chief is about to inflict all kinds of harm on all of us. If you’re someone who trades in fruits and veggies imported from Mexico, you’ll pass the cost of those goods on to consumers. If you purchase timber from Canada, you’ll do the same thing. Oh, and computer chips and all manner of household goods imported from China? Same thing, gang.

Trump’s economic policies — such as they exist — are intended only to inflict maximum pain on Americans. That’s you and me, man!

Trade war set to begin

Let’s be crystal clear about what is going to commence among three North American neighbors now that Donald Trump has declared his intention to impose tariffs on imported goods.

Canada and Mexico, two of our strongest allies and most dependable trading partners, have been targeted — along with China — as candidates for massive tariffs on all goods delivered to the United States.

Who will pay the tariff? You and I will. Our neighbors, too, So will our loved ones. We will shoulder an immense burden as importers seek to pass the cost of the tariffs on to those of us who use the products imported from the three tariff-strapped nations.

I do not understand what Trump is trying to prove with these tariffs. He isn’t punishing those nations. They will respond by imposing tariffs on goods they import from U.S. exporters.

Hey, didn’t Trump negotiate a new free-trade agreement with Canada and Mexico during his term in office? It was supposed to replace the North American Free Trade Agreement. Trump called it a superior pact.

Well, it’s no longer superior to anything.

Buckle up, my fellow patriots. We’re going to pay through the nose for a lot of goods.

No, you cannot just ‘take back’ canal

Donald J. Trump is all bluster and fake bravado and zero substance and knowledge of the limits of the power of the office he is about to inherit.

He said he wants to “take back” the Panama Canal from the country that owns it outright, Panama. Why? Because he doesn’t like the steep fees the Panamanians are charging U.S.-flag ships using the canal.

Good grief! Panama took over the canal decades ago in a deal worked out with the U.S. government. It belongs to them! Panama is a sovereign nation that can do whatever it chooses with its assets. The United States has zero legal authority to seize property owned and operated by another nation.

I get that Trump doesn’t like the fees being charged U.S. shipping. I don’t particularly like it either. However, disliking another nation’s policies does not give us the inherent right to do the kind of thing that Trump is suggesting.

Let’s all get ready for this kind of nonsense to repeat itself for the next four years.