Category Archives: business news

‘Phony’ jobs numbers now become ‘real’

Donald John Trump is demonstrating yet again just why he makes me sick to my stomach.

The U.S. Labor Department today announced that 235,000 non-farm jobs were added to payrolls in February, the first full month of Trump’s presidency; the jobless rate declined to 4.7 percent.

Those are impressive figures. What does the president say?

He declares those numbers are “real” even though he said multiple times during his campaign for the presidency that the Labor Department was cooking the books during Barack Obama’s presidency. He called the job growth registered during President Obama’s time in office “fake”;  he said the numbers were phony; he said the “real jobless rate” was much greater than what the Labor Department was reporting.

As White House press secretary Sean Spicer said today, quoting the president: “They may have been phony in the past but they’re real now.”

Now they’re real?

Trump sickens me for many reasons. At many levels. You name it.

He lies, slings innuendo around, insults his foes, boasts openly about his own prowess.

The Trumpkins lap this crap up, giving this clown license to keep making patently, demonstrably untrue statements.

The job figures are impressive. The president should simply have acknowledged them as progress toward the nation’s continuing economic recovery.

But no-o-o-o! He had to remind millions of us why we detest him.

‘In the Mood’ puts one in the mood

I am “In the Mood” to say something good about downtown Amarillo’s progress toward a more modern, energetic future.

My wife and I just watched a grand musical production featuring the kind of big-band music that both of our fathers would have relished. It was called “In the Mood” and it featured a troupe of dancers, singers, a “big band” — imagine that — and some patriotic tributes to veterans and active-duty military personnel.

I won’t bore you with a critique of the show, as I am not an entertainment critic.

I do, though, want to extol yet again what I see is some serious progress in downtown’s extreme makeover.

It’s happening, man.

The musical took place at the Globe-News Center for the Performing Arts, which is clearly the finest entertainment venue in Amarillo. The sound in the hall is pitch perfect. There ain’t a bad seat in the house.

The performing arts center, too, is just one element of the growing and changing face of downtown. That Embassy Suites is looking like an actual hotel; the parking garage next to it has risen out of the pavement and dirt. Many of the rest of us are awaiting construction of that ballpark, which I hope begins soon, although I am not yet holding my breath.

A friend of mine who also happens to work for the Convention and Visitors Council informed me a couple of weeks ago that the Embassy Suites is doing precisely what it is intended to do: lure convention business to Amarillo that the city had been missing because it lacked adequate convention lodging downtown. He said the city has booked conventions at the Civic Center through 2022.

I haven’t even mentioned — until this very moment — all the other construction that’s underway with new businesses sprouting up on abandoned blocks throughout the downtown area.

Business is brisk in our downtown district.

OK, so tonight’s gig at the Globe-News Center was just one event. We’ve had other one-night stands at that venue as well as at the Civic Center Auditorium and the Cal Farley Coliseum across the street.

We left the event tonight and then drove home believing that the city’s future seems a good bit brighter than it was just a little while ago.

It’s certainly shining like a blinding light compared to what we saw when we arrived on the High Plains more than 22 years ago.

PAC weighs in on possible vet school for Amarillo

Meanwhile, back home on the High Plains …

While much of the rest of the nation is swirling over news about Russia and other things related to the new president, a political action committee formed to push the interests of the Texas Panhandle has kicked into gear.

Amarillo Matters has decided to pressure the Texas Legislature to approve money for a proposed school of veterinary medicine that would be set up in Amarillo.

The Texas Tech University Board of Regents recently voted to cease the search for money to pay for the vet school in Amarillo, citing tight state money and other priorities that the Texas Tech University should fund first.

I happen to believe the Tech regents made a mistake. I also happen to believe that a veterinary school of medicine in Amarillo is the right ticket not only for Tech, but for the farming and ranching community that is so important to this region’s economic health and well-being.

As the Lubbock Avalanche-Journal reported: “‘We as a region and as a city need to be standing up for ourselves in Austin and make sure we get a fair share of the pie,’ PAC member and President of Pantera Energy Co. Jason Herrick said.”

I am gratified to see a group formed to apply pressure where it believes it is needed among legislators who control the purse strings for projects such as this one.

I need not remind Amarillo Matters that one of our region’s own — state Sen. Kel Seliger — chairs the Senate Higher Education Committee. Oops! I just did!

Amarillo Matters’ formation piqued my curiosity a few weeks ago. I asked in this blog what it was and wondered for what it stood. Now I think I get it.

Here is what I wrote.

Texas Tech got some push back from Texas A&M University, which has a top-drawer veterinary medicine program, when it first pitched the idea of building a vet school in Amarillo. I presume the Aggies thought Tech would be perhaps too competitive. My own view is that, hey, A&M doesn’t have a veterinary medicine school anywhere near Amarillo … so what’s the problem?

The A-J reports further: “The PAC believes a new school is vital to the state — which experts and lawmakers say is suffering from a lack of veterinarians in rural areas — and is crucial to Texas Panhandle industry, Herrick said. ‘I don’t know that urban and downstate folks understand what a strong cattle and dairy industry we have here in the Panhandle,’ Herrick said.”

This is precisely what PACs do. They “educate” others to the concerns of the regions they serve. I wish Amarillo Matters well in this endeavor.

Tax return issue just won’t go away

What do you know about that?

Some congressional Republicans have joined their Democratic colleagues in seeking the tax returns of the president of the United States.

Go figure. It seems that some GOP members want Donald J. Trump to disclose once and for all whether he has any business dealings in Russia or has any other kind of relationship with Russian government officials.

The president keeps telling us he doesn’t. He keeps saying it with increasing exasperation. Does he really and truly expect skeptics out here — even in Flyover Trump Country — to take him solely at his word?

The president has broken with tradition set four decades ago in the wake of the Watergate scandal. Every president since that dark time has released his tax returns. Trump has refused.

Meanwhile all these questions about Russia keep swirling around the president and the White House, around his national security team and now, apparently, around the attorney general of the United States.

As Salon is reporting: “It’s something I feel very, very strongly about,” Republican South Carolina Rep. Mark Sanford told Roll Call this week. Sanford, along with North Carolina Republican Walter Jones signed a letter from New Jersey Democrat Bill Pascrell calling on the chairmen of the House Ways and Means Committee and Senate Finance Committee to compel the United States Treasury Department to release Trump’s tax returns for congressional review.

Will there be other congressional Republicans who’ll join this chorus? Perhaps. If they do, will the president finally come clean? I have less faith in that happening.

This never has been a matter of nosy Americans wanting to know if Donald Trump is as rich as he says he is. It’s now a matter of urgent national security.

‘Mess’? Mr. President, you inherited a ‘mess’?

Barack Hussein Obama doesn’t need me to defend him.

Aww, what the heck. I’ll do so anyway.

His successor as president of the United States told us Tuesday night once again that he inherited a “mess” when he took office a little more than a month ago.

Donald J. Trump’s assertion came during his speech to a joint session of Congress. He talked about 94 million Americans no longer looking for work and about how the economic recovery is the slowest in 60-plus years.

He blamed President Obama’s economic policies.

Ayyye!

I’ll stipulate up front that the economic recovery isn’t as robust as most of us would like.

But …

The economy isn’t a “mess,” as Trump said it is. You want a “mess”? Consider what Obama inherited when he took office in 2009: Employers were shucking jobs at 700,000 per month; the stock market plummeted, costing trillions of dollars in wealth; the auto industry was failing; banks were failing; the economy was heading straight into the crapper, man!

Eight years later, where do we stand? The Dow Jones Industrial Average virtually tripled in wealth; the jobless rate has been cut in half; we’ve had 80 consecutive months of job growth; the auto industry has been revived; bank closures have all but stopped.

Oh, the 94 million figure Trump cited about those who are no longer seeking employment? That number includes retirees and students. It’s a phony statistic.

The debt? Sure, it’s high. I wish it were less than it is, too. Why did we accrue such debt? Because the economic stimulus package Congress approved shortly after Obama took office required the infusion of public money to shore up an economy on the verge of total collapse.

I’ll add — for the umpteenth time — this point as well: The annual federal budget deficit has been cut by nearly two-thirds during the past eight years.

A mess, Mr. President? No, sir. You did not “inherit a mess.” Stop repeating that outright lie!

Get ready for economic ‘war,’ Texas cattle ranchers

The 45th president of the United States has launched a multi-front war: against the media and against our nation’s major trading partners.

I’ve discussed the media war already. The growing trade war is another critter altogether.

The Dallas Morning News has published an interesting essay that suggests the first victim of the trade war will be — get ready for this one! — the cattle producers from Texas, of all places.

Why is that so strange, so ironic? It could be that Donald J. Trump had no more loyal ballot-box supporters in the 2016 presidential election than those who produce beef in the Lone Star State.

So, what does the new president do? He goes straight after Mexico, a leading importer of Texas beef. He tells Mexican President Enrique Pena Nieto that Mexico will pay for that “beautiful wall” Trump plans to build along our southern border; Pena Nieto says “no, we won’t!”

The irony is rich, indeed. Trump pulled the United States out of the Trans-Pacific Partnership, which would have opened up another huge market for Texas red meat. That deal is a goner, too.

Much of the rest of Trump Country — throughout the agricultural Midwest — is going to feel the pain of the president’s trade war.

As Richard Parker’s essay in the DMN notes: “Texas ranchers, though, will not be alone for long. Beef producers from Nebraska to the Dakotas face the same problems. So do grain farmers in Kansas and the snow-covered corn fields of Iowa, just like tomato farmers in California and Florida and autoworkers in Michigan, longshoremen, truckers and railway workers in Miami and Houston and Long Beach. These will be the first casualties of a trade war.”

It’s amazing to some of us that the president would launch into this kind of blundering bluster without thinking of the consequences that his most loyal grassroots political allies will suffer as a result.

As Parker notes: “The irony, of course, is that states like Texas, the plains states and Michigan all helped put Trump in office. But the cows in pasture don’t care about politics. And cowboys rightly don’t care about irony, even if they are to be its first casualties.”

POTUS takes credit he doesn’t deserve

Flash! National debt drops a tad, while the president of the United States takes credit for it!

Hold on for just a New York minute, shall we?

Donald J. Trump shouldn’t be taking credit for a slight dip in the national debt, any more than Barack Obama should have taken the hickey for it when it blipped up in the first month of his administration.

However, do not expect that to inhibit the new president from taking credit on such matters.

The president has shown this habit of taking credit for positive things but then passing off negative elements as if he’s some sort of innocent bystander.

The New York Times reported: “The federal debt is determined by the government’s decisions about taxing and spending, and by the strength of the American economy. The debt was increasing rapidly in early 2009 because the economy was in free fall, and because of policy decisions made during the administration of President George W. Bush.

“The debt is rising more slowly now because economic growth has strengthened and because of policy decisions made during Mr. Obama’s administration. But the debt is on a clear upward trend. The nonpartisan Congressional Budget Office estimated in January that the debt would increase by $559 billion in the current fiscal year, ending in September.”

Trump has been in office for a whole month. He’s got 47 more of them to go. The president, though, is so darn quick with his Twitter trigger finger that he cannot help but assume this minor downtick in the debt is all his doing.

We’d better get used to this kind of thing.

Oh, the fact-checkers will be busy.

Polls get in the GOP’s way regarding the ACA

Darn those pesky public opinion polls anyway.

The Pew Research Center, one of the more reliable polling organizations out there, has delivered another gut punch to congressional Republicans who are getting a snoot full already from constituents about the Affordable Care Act.

The ACA — which I now will no longer refer to as “Obamacare” — is more popular than ever with Americans.

Pew says 54 percent of Americans approve of the ACA, with 43 percent opposing it.

Republicans — and that includes the president of the United States — keep saying they’ll have a replacement plan ready to go once they repeal the ACA.

Really? Who’s seen it? I haven’t. Have you?

The GOP has eight years to craft their own version of affordable health care for Americans. Instead, they have come up empty, preferring to target the author of the ACA, former President Barack H. Obama. They detest him so much they cannot bring themselves even to refer to the ACA by its legal name, instead using the president’s last name to talk disparagingly about the plan.

Twenty million Americans have health care today who didn’t have it before the ACA was enacted in 2010. Is it perfect? Of course not. The federal government is incapable of crafting perfect legislation and then creating a perfect law.

It might need some tinkering around the edges.

Indeed, former U.S. House Speaker John Boehner — who sued the president over repeal of the ACA — this week has predicted that repeal of the act won’t happen. Congress will work to refine it, make it better, make it more “affordable” for Americans.

Oh wait! Didn’t Congress do something like this before, such as when it enacted Medicare and Social Security?

My advice to Congress is simple: Pay attention to what Americans are telling  you.

Patience, please, as city remakes itself

Whenever I venture into downtown Amarillo — which isn’t too terribly often these days — I remind myself of what I’ve thought for as long as I can remember.

It is that no matter the inconvenience we experience today, we’ll be paid off at the end of it all.

I think of such things whenever the city decides to tear up its streets and repave/rebuild them. I grumble at the sight of those construction cones and the orange detour signs. Then I remember that there’s always an end to it.

So it is with this downtown reconstruction effort that’s well underway in many instances.

Buchanan Street is cluttered with construction gear; streets leading from Pierce onto Fillmore and Buchanan are closed off. The city, truth be told, looks like a giant construction zone, which isn’t very pretty.

Chain-link fences have gone up around the ground floor of several long-abandoned retail outlets, signaling the start of construction of something shiny, new and — for my money — rather exciting. Tenth Avenue has some new loft apartments, with more on the way.

And, oh yes, we have that highway construction under way along Interstate 40, with the new direct-access ramp being built onto I-27; TxDOT crews are widening and improving the freeway east and westbound. Yep, it’s a bit of a mess out there — for the time being.

I’m kind of reminded more or less of the old Vietnam War saying about how U.S. troops occasionally had to “destroy a village in order to save it.” Perhaps that’s overstating it a bit, but I trust you’ll understand what I mean, which is that the city needs to erect these  obstacles temporarily while crews work to create something brand new.

Progress sometimes isn’t pretty. Amarillo’s progress is proceeding at what seems like an accelerating pace, which I hope means a quicker end to the ugliness that will precede what we all hope will be a gleaming new central business and entertainment district.

I’m willing to wait for as long as it takes.

No, sir, government isn’t the same as a business

I’ve had the pleasure of visiting on three occasions with one of the smartest men in America.

T. Boone Pickens has earned a fortune in the oil and natural gas business. He knows fossil fuels better than, well, almost anyone.

The former Amarillo resident and current fossil fuel tycoon, though, misses the mark when he says that you can run government “like a business.”

Pickens has written an essay for Texas Monthly, in which he says in part: “In the late eighties and early nineties, I considered running for governor of Texas. Now a lot has changed since that time. But one thing that hasn’t changed is the need to make sure we have a government that works.

“’Can you really run a government like a business?’ I was asked at the time. ‘Sure you can,’ I replied. ‘It’s a business to start with. Taxpayers are like stockholders, and both are entitled to a full day’s work for a full day’s pay. For a dollar spent, taxpayers ought to receive a dollar back in value.’”

Pickens is as smart a businessman as anyone you’ll ever know.

But as another tycoon is learning, government is a much different animal than a business. That tycoon, Donald J. Trump — who Pickens supported wholeheartedly for president of the United States — is learning in real time that the founders established a checks and balances system for a good reason. It is to ensure that no one branch of government runs roughshod over the other two.

The crux of Pickens’ essay was to extol the need to make the United States energy independent. He’s right about that need. He’s also got a dog in that fight, given that he owns a whole lot of fossil fuel rights in the United States and stands to benefit tremendously from pumping these fuels out of the ground.

He misses another point, though. It is that we already have made huge strides toward that goal in the past eight years. The Obama administration sought to provide incentives for investment in alternative energy sources: wind, solar, hydropower, biofuels. The big spike in oil prices in recent years has prompted much more fossil fuel exploration in this country. Add to that the fuel efficiency standards mandated on automakers and you have a sort of perfect storm that weans us from foreign oil.

Back to my main point.

Business is business. Government, though, is another creature altogether. I get that Pickens desires a business-like approach to government. However, the principles one applies to running a business do not transfer straight into the act of politicking, legislating and the making of laws.

Business executives can make decisions that stick, with no questions asked. Politicians have a different platform on which they operate. They have voters to whom they must answer. They also have colleagues who might have different points of view, a differing world view. They are as wedded to their view of the world as the businessman or woman is wedded to whatever he or she believes.

The “business” of running a government requires a certain skill set that business executives need to learn. From what I’ve seen of the businessman/president, he hasn’t yet learned it.

Perhaps someone like Boone Pickens could figure it out. If only, as he said, he had less history behind him and more in front of him.