U.S. Steel is temporary suspending operations in Michigan, laying off workers, slashing dividends, and temporarily halting stock buybacks. It is a bloodbath in Steel Town (not the city). Why? Tariffs. When President Donald Trump introduced steel and aluminum tariffs, domestic prices went up. As time went on, demand diminished because steel-reliant companies could not afford […]
Joe Biden
Random Friday: Q3 GDP, Greta Thunberg, Joe Biden imitates a stuttering child
News Story of the Day: The final reading for the third-quarter gross domestic product (GDP) came in at 2.1 percent, up from the initial reading of two percent. It should be interesting to watch GDP numbers in 2020: trade certainty, accommodative Federal Reserve policy, and an election year. Chart of the Day: What’s your password? […]
Is the crony USMCA deal better than no deal?
By: Andrew Moran If President Donald Trump and his trade team thought everyone in Washington would be drinking a carton of Canadian milk and eating tacos while listening to the sweet sounds of Artie Shaw after House Democrats gave the thumbs up to his United States-Mexico-Canada Agreement (USMCA), then we have 25% of the Canadian […]
‘MERRY IMPEACHMAS’: Washington Post reporters celebrate Trump’s impeachment
What did CNN’s Chris Cillizza say last year? Oh, yeah. That’s right. “Let me say for the billionth time: Reporters don’t root for a side. Period.“ Uh huh. And former Vice President Joe Biden’s cognitive ability is normal. On Wednesday, Washington Post congressional reporter Rachael Bade tweeted out a photo of her and four of […]
Why are voters, media falling for wealth confiscation schemes by Sanders, Warren?
By: William Anderson A decade ago, Democrat politicians and their cultural and academic allies were singing the praises of Hugo Chávez and his “economic miracle” in Venezuela. From Bernie Sanders to Salon, to Joseph Stiglitz and Sean Penn, Chávez’s version of socialism had transformed Venezuela, lifted up the poor, and set an example for the United […]