Category Archives: business news

Loathe the man and his standing

My noggin cannot comprehend a lot of things in life, so to be clear I want to stipulate that at times I am not the sharpest knife in the drawer.

Among the more incomprehensible elements of life that puzzles me is the standing that the 45th POTUS continues to have among Americans who think he deserves another term in the White House.

I won’t regurgitate the many negative comments I have made about him since the moment he and his wife rode down the NYC office tower escalator in June 2015 as he announced his first run for the presidency.

I’ll make one exception, though. I want to remind every reader of this blog of this fact, which is beyond dispute: This bozo spent his entire adult professional life — every … waking … minute of it — with one goal in mind: self-enrichment and self-aggrandizement. He did not devote a single moment of his miserable life to public service.

Yet he stood there and proclaimed himself to be the champion of the “little guy,” the individual he personally loathed as a “loser” and a chump. He called himself a populist, even though he likely doesn’t know the definition of the type of pol he proclaimed himself to be.

His goal in life was to make lots of money for himself. It has been revealed now in court proceedings brought against him that he is as Mitt Romney described him: a “phony and a fraud.”

Anyone human being who feels the need to declare out loud the he is “really rich” and “really smart” never achieves such wealth, nor is he smart enough to know that undeniable fact.

Yet here this guy stands. He was impeached twice by the U.S. House. He has been indicted four times by federal and state grand juries on 91 criminal counts. He vows to be “your retribution” if he’s elected later this year.

And they still believe in this guy?

God help us if this all comes to pass.

He still can become POTUS?

The numbskull who wants to become the next president of the United States has been determined unfit to run a business in New York.

A judge has fined him $355 million because he defrauded investors over his supposed vast wealth. This is on top of the $88 million he’s been ordered to pay a journalist for (a) raping her and (b) defaming her character.

And yet … the U.S. Constitution apparently continues to clear the way for this idiot to campaign for the Republican Party presidential nomination and then — if nominated — run for the U.S. presidency.

What in the world is wrong with this picture?

Economy gets in GOP’s way

Republicans have been hoping for an economic collapse to fuel their mantra that President Biden’s stewardship on our finances would lead them back to the White House.

Except that the news just keeps getting better.

This week the Labor Department announced the economy added 353,000 jobs to the workforce. The unemployment remains at 3.7%. Inflation is under control. Wages and salaries are outdistancing the inflation rate. Mortgage interest rates are sliding down.

What the heck? The GOP presidential frontrunner can’t make the case that Joe Biden’s policies aren’t working. Instead, he’s left to look for other issues with which to bludgeon the president.

Politico reports: And though far from certain, it’s now possible that the nation’s economic health could become an electoral asset for Biden in an unexpected way.

“I think that is the question of the day,” said Stephen Moore, a senior fellow at The Heritage Foundation and an economist with FreedomWorks who is close to the Trump campaign. “You can’t blame the president when policies go wrong, and then say he’s not responsible if things are going right.”

Biden’s economy keeps messing up Trump’s message – POLITICO

Moore touches on a singular political reality, which is that presidents too often take blame they don’t deserve while being denied any credit they might earn. That is true for presidents of either party. So often matters out of their control dictate downward economic spirals.

The inflation rate is an example. Americans who endured the COVID-19 pandemic were denied opportunities to purchase big-ticket items. Then the pandemic broke and Americans released all that pent-up demand, which contributed to skyrocketing inflation at almost every level.

Who took the blame? Joe Biden!

Then the president pitched what he called the Inflation Reduction Act. Congress enacted it. The IRA intent was to target the supply chain, seeking to loosen it sufficiently. It worked. Inflation is under control.

Has the POTUS gained much from the impact of the IRA? Not yet!

The economy is fading as a talking point that Republicans can use against Joe Biden. The president’s campaign team now must devise a message that drives the point home that, yes, we are better off than we were four years ago.

GDP up, inflation in check! Who knew?

President Biden keeps getting these political gifts from the bean-counters who work for the federal government. And yet … he continues to languish in the minds of Americans who seemingly are struggling with trying to process this good news.

The salty Democratic political genius, James Carville, once coined the phrase “It’s the economy, stupid!” in setting the tone for the 1992 presidential election. He was right then. Carville would be right today were he in the game working actively to re-elect Joe Biden.

GDP rose at an annual rate of 3.3% while inflation continues to flatten out, remaining somewhat stable, said the Commerce Department today.

Good news, yes? Of course it is. Ahh, but the doomsayers on the right and on the MAGA right say it’s nothing of the sort. They choose to ignore the findings and focus instead — and it’s good political strategy — on the issues that continue to plague the Biden administration.

Immigration and the southern border crisis? Yep! That’s a big one. The money we’re spending to help Ukraine fight the Russian invaders? That’s important, too. But not as critical as the border. I mean, the Russians must be defeated and Ukraine needs help from its allies to accomplish that task. The ongoing Israeli pummeling of Hamas terrorist compounds in Gaza? That’s big, too, given the immense civilian casualty toll among Palestinians.

The economy, though, well might have cleared the hurdle that the naysayers said would bring it crashing down. Wages are up. Jobs are up. Production is up. Joblessness is down. Inflation is slowing dramatically.

These are economic issues that President Biden should be proud to herald as he seeks re-election.

Yet I hear conservative commentators tell their audiences that Joe Biden is “the worst president in history.” Good grief! The numbers simply say something quite different.

It truly still is the economy … stupid!

Bidenomics: It’s working!

How is this going to play out? For the life of me I cannot fathom the current trend.

President Biden’s economy is rocking along. The nation added 199,000 jobs in November; joblessness is now at 3.5%; inflation registered a 3.1% uptick, which is far better the 9% it was registering earlier this year.

And yet …

Republicans keep yammering about the “sagging” economy. How Americans are unhappy with their lives’ economic trajectory.

President Biden and Congress approved the nation’s largest infrastructure bill in history. He got Congress to approve the Inflation Reduction Act. We’re investing in “green energy,” and the GOP calls that a bad thing.

It’s working, man! Yet the GOP keeps lying to us that it isn’t.

I am shaking my noggin. I do not get it!

Truth about wealth is coming

Donald J. Trump’s actual wealth has been a discussion topic for as long as this clown has been in the public eye … which seems like forever.

Why? Because he brags about it constantly, bringing to my mind the notion that anyone who is truly wealthy doesn’t need to boast openly about it.

So now the former POTUS is on trial for financial fraud. He has been accused of inflating his assets to secure favorable business dealings. Does that surprise anyone, that this pathological liar would falsify his wealth to obtain loans at a favorable rate? Of course not. It doesn’t surprise me in the least, and I don’t even possess a fraction of the wealth that Trump actually has, which I am certain will be a lot less than what he has portrayed.

Against this backdrop we have the spectacle of Trump running for president for the third time. He is the prohibitive favorite for the Republican Party presidential nomination. How that can be is utterly beyond me. But he is.

Will the GOP cult that clings to this clown’s phoniness hang onto him if the trial for which he is being tried in New York end badly? Oh, probably. Because the MAGA morons who back him don’t know any better or refuse to realize they are backing someone who is a shadow of the titan he portrays himself to be.

However, what is unfolding in a New York courtroom is just another preliminary act leading up to the main events. Trials are pending on the pilfering of classified documents and on Trump’s role in the assault on the federal government on 1/6.

Still, the prelims appear to be pretty damn tantalizing in that they likely will reveal the whole truth about the wealth that Trump used to dupe enough voters to elect him POTUS in the first place.

What? Trump’s a crook? No-o-o!

A judge has ruled that Donald J. Trump is a crook, a fraud who lied his way into obtaining business deals that fattened his wallet.

How did he do it? By overstating his wealth … repeatedly! The supposed titan of commercial real estate even faked the size of his Trump Tower apartment to enable him to obtain funds for this or that business deal.

Trump, quite naturally, is appealing the judge’s ruling, all the while hurling epithets at the judge who made the ruling from the bench in a court proceeding,

Raise your hand if you are shocked — shocked, I tell ya! — to learn this about the Republican Party frontrunner for the 2024 GOP presidential nomination. You may count me out of that roll call of numbskulls.

But, of course none of this will matter to the gullible MAGA moron crowd of cult followers who insist it’s the judicial system that’s corrupt, not the idiot who has been determined to be the fraudulent mastermind behind a fraudulent empire.

Signs of life at project …

I am happy to report that I see signs of life stirring at the site of a massive apartment complex construction project here in little ol’ Princeton, Texas.

The project got stalled when the general contractor and the developer got into some kind of snit. The contractor either walked off the job or was fired. I don’t know which thing occurred. Work has been shut down since April.

However, if you drive by the site on U.S. Highway 380 just east of Wal-Mart you see (a) an open gate, (b) stacks of newly placed building materials and (c) pickup trucks with hard-hatted men walking around.

That tells me they have a new general contractor.  At least that’s what my City Hall snitch has told me.

I am glad the work will continue. Perhaps they’ll get it done soon, get the site cleaned up and made presentable.

They had me worried … but just a little.

What is the point about these vehicles?

I hereby offer a stern and sincere pledge, which is that I won’t belabor the point I am about to make in this brief blog post.

That commercial for the pickup that drives itself is giving me the creeps. You ask: Why? Here goes.

When I get into a motor vehicle, I do so intending to take — and retain — control of it. I want to drive the vehicle. Which means I want my hands on the steering wheel and free to manipulate the transmission (if it is of a manual variety, of course).

The last time I posted a piece on this subject, I was called down by those who suggest that driver-less vehicles are safer than those operated by human beings. I am not going to quibble and quarrel over that. I know next to nothing about the technology or the test results that suggest such a thing.

It’s just that I cannot fathom the need to push some “auto-pilot” button and then let go of the steering wheel. What do I do with my hands? Read a book? Talk on my phone? Send text messages to hither and yon?

Oh, I know! I can clap like the actors in the commercial.

Sheesh …

johnkanelis_92@hotmail.com

Driverless vehicle? No thanks!

I have been having a fascinating social media discussion about the safety of those “driverless” vehicles that have become a rage among those who want to turn driving over to a computer.

I posted a note on Facebook that I never will sit in a vehicle that is being “driven” by a computer. It drew some response from friends out there who contend that the technology is nine times safer than motor vehicles with human beings operating the steering wheel.

Allow me to stipulate this fact about myself: I am old-school when it comes to motor vehicles.

The hard truth is that I prefer to drive a vehicle with a manual transmission. Why? Because I long have had this fascination with actually manipulating gear shifts levers. It goes back to when my mother taught me to drive her 1961 Rambler, which had a three-speed manual transmission … “on the stick.”

Mom offered me many pearls of wisdom. One of them was that “if you learn to drive with a manual transmission, you will be able to drive anything.” Mom was right. I pride myself on my ability to operate any sort of vehicle with a manual transmission.

I served for a time in Vietnam as an aircraft mechanic and then as a flight operations specialist. The Army then sent me to a transportation company with the Third Armored Cavalry Regiment in Fort Lewis, Wash. I was assigned duty driving a five-ton cargo truck. No sweat. I picked it up immediately.

Therefore, I stand foursquare behind my belief that driverless vehicles ain’t my bag, man. I simply do not trust these machines to ensure that vehicles stay in their lanes.

It’s just me … I guess.

johnkanelis_92@hotmail.com