Category Archives: economic news

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.

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.

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.

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.

economic news, national news

Musk, Trump testing our faith

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Elon Musk and his puppet, Donald Trump, are testing my faith in the U.S. Constitution’s ability to hold up to the full frontal assault these two nimrods are launching.

Yes, my faith is bending, but I believe — at least I hope — it is far from breaking.

Trump campaigned for the presidency vowing to leave veterans benefits and Social Security alone. He said he wouldn’t cut either program. Then he hauls Elon Musk aboard the clown car and Musk — the richest man on Earth — starts yammering about cuts in vets’ programs and calls Social Security a “ponzi scheme.”

OK, the disph** doesn’t know a ponzi scheme if it bit him in the ass. Social Security is a compact this government made in 1935 with elderly Americans to provide them with assistance to live in their retirement years.

We have paid into the system and as we seek to enjoy retirement from a lifetime of working hard, we are getting some of it back. What does Elon Musk know about any of that? Not a damn thing!

As for veterans benefits, for Donald J. Trump — the draft dodger in chief — to say a word about cutting benefits for those of us who did serve our country is merely adding unconscionable insult to unforgiveable injury.

Some of us are old enough to remember a time when Democratic leaders in Congress sought to monkey around with elderly benefits. In the 1980s, House Speaker Tip O’Neill and senior U.S. Rep. Dan Rostenkowski of Illinois got caught making untoward comments about Social Security. The outcry from the masses was so vigorous that they both backed down.

Musk and Trump should face an equal rage-filled response if they try to monkey around with old folks’ retirement and veterans’ pre-paid benefits.

business news, economic news

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!

economic news, local news

Princeton does the inevitable

Princeton’s City Council had no choice but to do what it did Monday night by extending the building moratorium it had placed on new single-family dwelling and apartment construction.

It voted to extend its four-month building ban another six months.

So, let’s see. That means it will be 10 months before the city could start issuing building permits on those types of dwellings. This is just me, but my gut tells me another extension could be in the deck of cards that council members would want to play.

Princeton’s population continues to explode, But ,.. wait! The city needs more police officers, more firefighters, more medical emergency personnel, better streets, more electric utilities, more natural gas lines.

Moreover, the city needs much more commercial development, which isn’t part of the public financing obligation associated with infrastructure development. That commercial development is on the verge of become a reality.

A Princeton resident told CBS News Texas Channel 11 last night that folks here have to go to places such as McKinney and Allen for entertainment or to just purchase needed goods and commodities.

Princeton has developed an ocean of single-family rooftops. That’s fine, but the strain on new residents’ tax obligation is more than many of the newbies would care to absorb.

The city has some catching-up to do and I’m not sure six months extra time is enough.

economic news, national news

Musk poses grave danger

Elon Musk is emerging as the most dangerous man in America, thanks to the weird kinship he has formed with the next president of the United States.

Musk, as we all know, is the world’s richest man. He has filled Donald Trump’s vacuous noggin with notions that he can fix what’s wrong the federal government. He — along with right-wing blowhard Vivek Ramaswamy — leads a government reform project, or some such thing, that seeks to cut trillions of dollars from the government coffers.

Americans have elected Musk to no political office. He has no political standing other than his strange relationship with Trump. Musk has emerged as a sort of de facto co-president, if you dare swallow that bit of information in one bite.

The guy frightens the hell out of me. He ought to scare the bejabbers out of anyone who has this sort of love affair with good government. That should be all Americans who prefer that the president and Congress go back to what the late Sen. John McCain would call “regular order.”

There is not a damn thing that is “regular” about the way the next POTUS and Congress are getting ready to take the reins of power.

Trump figures to rely on the machinations of Musk — and, of course, Ramaswamy — as he proposes spending cuts.

This dude Musk, though, is one scary son of a … well, you know.

economic news, local news

McKinney airport to expand … but, why?

Perhaps there’s something that has sailed over my pointy head, but I’ll ask anyway: What is it that prevents McKinney Mayor George Fuller from accepting “no” from voters about expanding McKinney National Airport?

Fuller says he intends to spend budgeted money to expand the airport and introduce commercial air travel to the facility by 2026. He says this despite voters in his city twice refusing bond issues that called for the airport expansion.

I must stipulate I do not live in McKinney.  My home in Princeton is about six miles east of the airport and, yes, I do drive past the airport frequently as I scurry about on local errands. I also must stipulate that I do not necessarily oppose expanding the airport and I would welcome commercial air travel from a nearby terminal rather than driving all the way to D/FW International Airport or Love Field.

But the issue isn’t mine to decide.

According to the Princeton Herald: “Fuller said the city would use $60 million in bonds secured by airport sales tax revenue to fund construction of a 45,000-square foot passenger terminal and a parking lot for about 1,500 vehicles. The project manager said the size would vary according to tenant needs.”

Voters scuttled a $200 bond issue in May 2023 and rejected a smaller proposal in 2015.

I recall the 2023 campaign and opponents were clear that they didn’t want to see an increase in traffic in their city.

Does the new idea pitched by Fuller mean a return to those concerns? I don’t know. I do believe, though, that the mayor might be prompting some backlash from voters if they continue to resist calls for an expansion that could bring those concerns back into play.

If voters say “no,” that should stand as their decision.