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Breakup “Massive Power” of Giants, “Subvert Our Democratic Process” Says Senator Cruz, & MH CEO’s Call for “Fully Competitive Housing Access”

April 25th, 2018 Comments off

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Senator Ted Cruz added his voice to the voices across the left-right spectrum that are calling for a use of federal antitrust laws to break up the massive power” of giant companies that “subvert our Democratic process.

 

Cruz (R-TX) was responding to Joel Pollack’s question on Breitbart radio about the challenge of “censorship of conservatives” on Facebook and across the broader internet landscape.

Once more, the Daily Business News underscores the noteworthy point of the rising voices that are calling for more regulation – or an outright breakup – of giant conglomerates.  You don’t get much more left than Senator Elizabeth Warren (D-MA) and Representative Maxine Waters (D-CA), or more right than Senator Ted Cruz.

President Trump has pointed to specific companies, like Amazon, and concerns over monopolistic practices.

 

Cruz on Tech Giants and “Censorship”

Breitbart reports that Cruz said, “I think, number one, the growing power of tech to censor speech is a profound threat. We’re seeing now some two-thirds of Americans are getting their news through social media, and these tech companies are hard-left. They are are partisan Democrats, and what we’re seeing is they’re amplifying the views they agree with, those of liberal Democrats, and they are suppressing the views of conservatives. They are blocking conservatives.”

Its noteworthy that Facebook founder Mark Zuckerberg told Congress that the Silicon Valley tech giants have a reputation for being left-leaning.  So Cruz’s concern is not hyperbole, when Zuckerberg admits the reality.

 

Industry CEO Segues Implication of Monopolies for Housing Industry

In a comment to MHProNews,If unfettered access to the internet is important — and it is — then full access to affordable home ownership, within a fully competitive market, is even more important, as it serves a basic and essential human need,” said Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

MHARR is non-partisan, and represents the interests of independent producers of HUD Code manufactured housing.

MHARR is one of several voices in manufactured housing that have directly or obliquely raised concerns about monopoly power, and how it impacts the manufactured housing industry.

Left-of-center Bloomberg’s reported that one of Warren Buffett’s biggest concerns is of a breakup.

 

Back to Cruz – Scope of Power “Unprecedented”

Cruz said, “The scope of the power is truly unprecedented. You think back to the heights of yellow journalism, when publisher William Randolph Hearst controlled much of media and in fact got America into the Spanish-American War. These tech companies have power William Randolph Hearst could never have imagined.”

The ability, if there’s a view they dislike, simply to silence it so that if you put a post out there, if you put a tweet out there, it simply goes into the void, into oblivion, and no one sees it. Likewise, they have the ability, if there are views they want to promote, to just have everything on your feed be the views they want to promote. That is invidious. It is invisible, and it is profoundly dangerous,” stated Cruz.

Cruz proposed exposing technology firms to libel lawsuits to curb their political manipulation of the availability of information on their platforms.

Responding to Pollack’s question, the Texas senator said, “Now your question is a hard one and a good one. What remedies are there? I would say there are principally two.”

 Those two?

Number one, the question I asked Mark Zuckerberg, the opening question was, ‘Does Facebook consider itself a neutral public form?’ He danced around and refused to answer that. The reason the question matters is much, is under current law, Facebook and other tech companies have immunity from liability, so if someone posts something on their site, they can’t be sued for it, and it’s under what’s called the Communications Decency Act, section 230. The entire reason Congress enacted section 230 was under the assumption these tech sites would be neutral public forums, [that] they would allow people to be speaking. So the reasoning was, we’ll protect you from being sued because it’s not you speaking, it’s somebody else. Well, if Facebook and the other tech companies are going to choose instead to be partisan political speakers, they have a right to do that. They’ve got a First Amendment to become and to be partisan political speakers, but there’s no reason on Earth they should get a special immunity from liability from Congress.”

Cruz also floated the use of antitrust laws to curb technology companies’ power.

He said, A second remedy is considering using anti-trust laws. By any measure, Facebook is larger and more powerful than Standard Oil was the antitrust laws broke it up. It’s larger and more power than AT&T was when antitrust laws broke it up and given that, I think we need to have serious consideration about the massive power we’re seeing of these tech companies to subvert our democratic process.”  ##
(News, analysis, and commentary.)

Related Reports:

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

Buffett Blasts Trump, via Classic Twist

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

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Certain Voices are Pushing It – Would Universal Income Help or Hurting Americans?

September 8th, 2017 Comments off
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Featured image credit, Niche Pursuits, MHProNews.

As innovation and automation displace jobs and transform the marketplace, it will require a paradigm shift in policy to ensure that the economy remains stable, everyone benefits, and no one is left behind,” U.S. Representative Chris Lee (D-HI) wrote on r/futurology on Reddit.

With experts saying that most service jobs – like wait staff, cooks, cleaners and more – will be replaced as automation takes over. A growing number fear for the jobs of those who work in these industries, per the Associated Press (AP).

In Hawaii, where service jobs make a large portion of the economy, due to the tourism industry, the threat of automation is more critical. One proposed solution being proposed there is universal basic income (UBI) for residents, regardless of their employment status.

Both Sides of the Universal Income Coin

No one has yet to propose a plausible way of paying for the universal basic income concept.  But to properly understand this issue – or any other – the voices of some of those promoting and opposing the concept deserves a fair hearing.

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U.S. Representative Chris Lee. Image credit, Wikipedia.

Representative Lee introduced a bill that proposed providing a basic income for Hawaiians. State lawmakers recently voted to explore the idea.

Hawaii’s heavy reliance on a service-based economy makes it more susceptible to economic disruption and job loss than any other states, and work must begin now to address the rapid automation, innovation, and globalization that already is beginning to displace significant amounts of local jobs, resulting in worsening income equality,” the bill reads.

The full bill is available for download here.

Why Consider Universal Income?

In the modern world, everybody should have the opportunity to work and to thrive. Most countries can afford to make sure that everybody has their basic needs covered,” Virgin Group founder Sir Richard Branson wrote in a recent blog post.

He went on to write, “One idea that could help make this a reality is a universal basic income. This concept should be further explored to see how it can work practically.”

The basic concept of universal basic income is that people would receive a set amount of money each month or year that is expected to cover basic needs like shelter, food and other essentials. This income would be given to everyone, regardless of whether they are employed or not.

It certainly sounds appealing to millions – as did the promise of free college, or free health care – in the last election cycle.

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Virgin Group founder Sir Richard Branson. Image credit, Business Insider.

Basic income is such a broad subject, it could encompass hundreds of different kinds of mechanisms to help families,” Lee told CBS. “You don’t have to enact the entire thing in one massive program; you can take bits and pieces that make sense.”

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Karl Widerquist, co-founder of the U.S. Basic Income Guarantee Network, an informal group promoting the idea of UBI. Image credit, Basic Income Guarantee.

One example advanced by advocates as a form of universal basic income is Alaska’s oil dividend. Those payments range from $1,000 to $2,000 annually, per the Associated Press (AP).

Natalie Foster, co-chairwoman of the Economic Security Project, says that people don’t see it as a hand-out, but as an Alaskan right to oil royalties.

If people in Alaska deserve an oil dividend, why don’t the people of Hawaii deserve a beach dividend?” asked Karl Widerquist, co-founder of the U.S. Basic Income Guarantee Network, an informal group promoting the idea of UBI.

Pursuing hard work enough to make a decent living no longer applies in an economy in which automation and innovation have taken that away from so many people,” Lee told Business Insider.

Those For and Against a Universal Basic Income

As one would expect, there are arguments both for and against the idea of a universal basic income. What Hawaii is considering, is something that has been proposed by the likes of Elon Musk, and potential 2020 presidential candidate – Facebook’s Mark Zuckerberg.

However, just because the idea is proposed by influential names does not mean it is one that will work.

Many economists have pointed out the major issue with universal basic income – where is the money going to come from?

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Image credit, Good Ventures.

A study conducted by a team of economists at the left-leaning Roosevelt Institute claim that implementing a guaranteed income of $1,000 a month for all Americans would accelerate U.S. economic growth by 12.56 percent over the course of 8 years.

But they propose financing such a program by increasing federal debt.

They also looked at the possibility of financing it through an increased redistributed tax. They found that doing that would lead to a smaller growth, producing 2.63 percent of GDP growth over 8 years.

Their study says that doing it this way, would lead to a 1.39 percent decrease in federal debt, as well as a decrease in unemployment.

The study did not however, account for issues like whether it would make people less likely to seek jobs, or increase their freedom to take innovative risks.

Another often overlooked challenge is that historically, the wealthy flee high tax jurisdictions. Even as some claim to support higher taxes, they often move their money to a lower tax state – or a lower tax nation.

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That’s why there’s an estimated 2 to 3 trillion U.S. dollars offshore today.  High taxes, high regulations, pushed those companies out.

 

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Image credit, Self Learn.

So how do Alaskan’s spend their oil dividend, which is the closest thing to a form of universal basic income in the U.S.?

A study commissioned by the Economic Security Project found that 72 percent of Alaskans saved the money for essentials, emergencies, debt payments, retirement or education. Just 1 percent said that receiving the oil dividend had made them likely to work less,” per AP.

One thing that should be noted, is that the oil dividend of $1,000-2,000 annually, is far less than the $1,000 per month proposed in the Roosevelt Institute study.

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Tom Yamachika. Image credit, Biz Journals.

A lot of poor people move here anyway, because they don’t freeze,” said Tom Yamachika, president of the Tax Foundation of Hawaii. “This won’t help.”

With a steady stream of income that requires no work, will people be less likely to work? The hope may be that they will use the money to spend on extras, side projects, or retirement savings – which would boost the economy.

But will this be the reality if universal basic income were applied? And would such a program be sustainable long-term?

If people relied on that income, and neglected to work, rather than perusing work to fund additional aspirations, wouldn’t that defeat the purpose of a universal basic income?

In a situation where such a program relies on an increase in government taxes, as proposed by the Roosevelt Institute, what problems could occur long-term?

What it All Comes Down To…

…is the fact that universal basic income, while a fine sounding idea, is upon closer scrutiny likely to be unsustainable.  As manufactured housing advocate, the Rev. Donald Tye said recently, there is no such thing as a free lunch. Someone always pays.

 

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What made America the wealthiest nation on earth? By protecting the productivity of the masses of people. True, America has never been perfect. No place has. But nowhere on earth was more wealth created in a shorter time than the U.S.A. in our free enterprise system. Click the above to learn more.

Millions aren’t asking, how is it just to take from someone who has earned money, and give it to someone who hasn’t?  That’s a point Frederic Bastiat made two centuries ago.

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One of several fallacies of those that argue for UBI that claim that robots will produce for everyone is this. Why should the public believe that those who created those robots will share their productivity?  To learn more, click the above.

Or as publisher L. A. ‘Tony’ Kovach has said, what ever you subsidize you tend to get more of that behavior.  Rewarding the wrong behavior only leads to more of that behavior.

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George Zarkadakis. Image credit, AI Business.

Governments may like UBI because it is the sword that can cut through the messy Gordian knot of their welfare systems, which are generating generational poverty rather than helping anyone,” George Zarkadakis, an artificial intelligence (AI) engineer, wrote in a contribution to the Huffington Post.

There are millions of people currently on benefits whose life is miserable. Extending the idea of welfare to all under the guise of UBI we are in danger of extending misery.”

Rather than creating yet another social program, funded by working Americans, the Trump Administration is working to boost the economy through proven economic means.

One of the ways the administration is hoping to do this is to reduce illegal immigration to make more jobs available to American’s. This would eventually lead to a demand for higher paid employees, boosting the minimum wage naturally.

President Trump has also been pushing Congress to pass a tax reform bill – and soon.

When most voters in the U.S. are in favor of less taxes, why would anyone want to be taxed more for a guaranteed income? President Trump’s tax plan would create opportunities for true economic freedom in the United States. ## (News, analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to the Daily Business News for MHProNews.

 

 

 

 

 

 

Is Apple CEO Tim Cook Among Potential 2020 Democratic Presidential Candidates? Why Does it Matter?

August 28th, 2017 Comments off
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Featured image credit, Need to Know Network.

The old saw that every senator wakes up humming ‘Hail to the Chief’ now includes just about any Democrat who isn’t a convicted felon,” quipped Jonathan Tasini, a progressive activist, per MSN.

The internet has been abuzz with potential Democratic candidates to rival President Trump in the 2020 election for months already.

One of the latest suspected hopefuls is Tim Cook, CEO of Apple Inc., part of a large and growing field, listed below.  Cook’s personal wealth and the enormous influence of his tech companies are reasons why industry professionals and investors should pay close attention.

The rumors started as far back as June, when Bryan Menegus wrote on Gizmodo that, “He has his platform ready, peppered with just enough heartfelt anecdotes and the occasional wink of contrition for his industry’s undeniable role in deepening global wealth inequality.”

The most recent speculation started with an article from Need to Know (NTK) Network, titled “Is Tim Cook Running for President?”

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Need to Know Network. Credit, NTK Network.

NTK Network’s foundation for speculation was not uncalled for.

Cook visited Iowa and Ohio, two battleground states, in one day.

Why It May Look Like Preparation for a Presidential Run

His first stop that day was in Harrison, OH.

Harrison is located in the swing county of Hamilton.

With Cincinnati as its anchor, Hamilton County helped put Ohio in Republican nominee George W. Bush’s column, catapulting him to the White House in 2000 and 2004. In 2008 and 2012, the county’s voters leaned left, helping Democrat Barack Obama win Ohio and the White House,” per the Cincinnati Enquirer on the importance of Hamilton County to presidential hopefuls.

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Tim Cook at Cincinnati Test Systems. Image credit, Cincinnati Enquirer, USA Today.

Just after the event at Cincinnati Test Systems in Harrison, Cook was off to Des Moines, Iowa, per USA Today.

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Tim Cook and Iowa Governor Kim Reynolds, heading to the podium for their news conference. Image credit, USA Today.

While in Des Moines, Cook headlined a news conference with Iowa Governor Kim Reynolds.

The Iowa Caucus will be the first primary for Democrats running in 2020, per NTK Network. NTK suspects the winner of this primary will see a big boost in momentum for their presidential run (related Article: Local Crisis, and IMHA’s Joe Kelly Pushes Back on Overlooked Manufactured Home Solution).

You’ve got to be kidding,” Cook told The Des Moines Register on Thursday while visiting with employees and customers at an Apple store. “That must be a comedian or something.”

I’ve got a full-time job. And I love Apple deeply,” he said. “So no, there’s no connection there at all.” Real?  Head fake?  Given that many candidates on both sides of the political aisle begin by saying they are not a candidate – when in fact they are – the denial may not mean much.

Who Are the Other Democratic Hopefuls?

The quote this article opened with is from an MSN article that runs down a list of people who have either shown interest in a presidential run, or have been suggested by the public or someone specific who believes they should run.

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Collage of people rumored to be a Democratic presidential candidate in 2020. Image credit, MSN, NBC News.

That list included, per NBC News:

  • Former VP Joe Biden
  • Senator Bernie Sanders
  • Senator Elizabeth Warren
  • Mayor of Southbend Indiana Pete Buttiegie
  • Senator Jeff Merkley
  • Former Secretary of State in Missouri Jason Kander
  • Representative Tim Ryan
  • Representative Seth Moulton
  • Mayor of Los Angeles Eric Garcetti
  • Obama Administration Secretary of HUD Julian Castro
  • Former Mayrland Governor Martin O’Malley
  • Former Rhode Island Governor Lincoln Chafee
  • Actor Dwayne “The Rock” Johnson
  • Facebook CEO Mark Zuckerberg
  • Owner of the Dallas Mavericks Mark Cuban
  • Represnetative John Delaney

The Daily Business News has also reported previously that Facebook CEO and co-founder Mark Zuckerberg might be gearing up for a presidential run.

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Facebook co-founder, Mark Zuckerberg, is already a force in manufactured housing marketing, could be poised to enter the factory built housing space, and is widely rumored to be running for the Democratic nomination for president in 2020. Image credit as shown.

Would Candidates like Cook, or Facebook’s Zuckerberg have an Unfair Advantage?

Tim Cook has a net-worth of about $400 million, per Celebrity Net Worth (note: Wikipedia puts his net worth at $120 million). Apple Inc. has a net-worth of $750 billion, per CNN Money.  Apple is one of the firms in the hunt for becoming  a trillion dollar operation.  That could be a global first.

By contrast, facebook’s CEO Mark Zuckerberg’s net-worth is $66.7 billion in mid-July, per Forbes.

Today, politics is a rich man’s game,” observers Mother Jones. One example of that is that in the 2016 election campaign, Tim Cook hosted a fundraiser for Hillary Clinton’s campaign. The tickets to the event cost $50,000 a piece.  Cook was among her contributors, as the Daily Business News reported.

Outside of the monetary influence, candidates like Cook and Zuckerberg’s reach and influence on public opinion should be taken into consideration as well.

Last year, a few weeks before the election, the Daily Business News reported on a new feature in Apple’s iOS10 update. The new feature provided headlining news before users unlocked their iPhones.

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Before a user can unlock their phone or do anything else, they are exposed to headline news items that Apple has selected. Why are those headlines routinely pro-Hillary Clinton, and anti-Donald Trump? Screen capture from iPhone 6. To read the full article click here.

A working definition of propaganda is the spreading of ideas, information, or rumor for the purpose of helping or injuring an institution, a cause, or a person,” per a Standford University paper titled “Media’s Use of Propaganda to Persuade People’s Attitude, Beliefs and Behaviors.

While propaganda has been around for almost a thousand years, only recently (last 100 years) with the advent of technologies that allow us to spread information to a mass group has it evolved to a scientific process capable of influencing a whole nation of people,” the Stanford paper said.

A Pew Research Study from 2016 found that 2/3 of Americans get the latest news from social media. Tens of millions have iPhones.

The facts suggest that tech giants as presidential candidates would have the opportunity to influence opinions for them, or against their opponents.

The Dune affect is a term we coined–after the movie Dune–which explains that those who control and have access to media have access to and potential control of public opinion.

The internet giant Facebook and tech companies like Apple Inc. are not the only ones who have such an influence on public opinion.

According to The Guardian, Google has spent millions to fund academic research in the U.S. and Europe to try to influence public opinion and policy makers.

Google uses its immense wealth and power to attempt to influence policymakers at every level,” said Daniel Stevens, executive director of the Campaign for Accountability (CfA).

Some lawmakers are beginning to worry that these companies have too much power over the market. Essentially they are on their way to being monopolies – former White House Chief Strategist Steve Bannon believes they should be regulated as such.

Bannon’s Generation Zero looks at the philosophy behind some of these activists.

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Image credits are as shown, text and collage credits, MHProNews.com.

They deserve to be highly profitable and highly successful,” Senator Elizabeth Warren (D-MA) told  The Wall Street Journal on the subject. “But the opportunity to compete must remain open for new entrants and smaller competitors who want their chance to change the world.”

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If there is already worry that these companies have too much power, what would be the outcome if the CEO of one of these companies actually ran for president? What if they actually won?

Indeed, propaganda is so powerful because everyone is susceptible to it,” per Stanford’s “Media’s Use of Propaganda to Persuade People’s Attitude, Beliefs and Behaviors.”

Professionals in the manufactured home industry understand media spin – because they see it all-too-often when fighting negative stereotypes perpetuated by the media.

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Featured image credits, Ozy Media, MHProNews. Click here or the image above to read the full article.

Even though a growing number of people say they don’t trust mainstream news, it still has the power to influence the way we think and act. As the Standford paper suggests, the best thing one can do is to be able to analyze propaganda, to see it for what it is – and develop your own opinions. ## (News, analysis.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-comSubmitted by Julia Granowicz to the Daily Business News for MHProNews.

 

 

Universal Basic Income-The Evolution of Poverty Pimping?

May 29th, 2017 Comments off
UniversalBasicIncomeTheEvolutionofPovertyPimpingcreditCommunitiesDigitalNews-postedtothedailybusinessnewsmhpronewsmhlivingnews

Are Democrats looking to keep doing what they’ve done to the masses? Trump’s plans could cause them problems. Credit: Communities Digital News.

In what many have called “Trumponomics,” the battle lines became even more clearly drawn last week.

At the Harvard commencement speech, Facebook founder Mark Zuckerberg made the call for Universal Basic Income (UBI).

Every generation expands its definition of equality. Now it’s time for our generation to define a new social contract,” said Zuckerberg.

We should have a society that measures progress not by economic metrics like GDP but by how many of us have a role we find meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.”

According to CNBC, Zuckerberg’s comments reflect those of other Silicon Valley bigwigs, including Sam Altman, the president of venture capital firm Y Combinator.

Because I knew I had a safety net if projects like Facebook had failed, I was confident enough to continue on without fear of failing,” said Zuckerberg.

Others, such as children who need to support households instead of poking away on computers learning how to code, don’t have the foundation. Universal basic income would provide that sort of cushion.”

 

Magic Money? Vote Buying Happy Talk? 

While the thought of free basic needs money for everyone sounds like a wonderful idea, the inevitable question becomes… how do you pay for it?

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Credit: YouTube.

Many Democrats have tapped into the “you need help, here you go” ethos for decades. With the revolution of social programs during the LBJ administration, the stage was set for generations that became dependent on social programs, and continued to elect candidates who promised to continue them.

And the perception of the promise has had tremendous value… to them.

Politicians and their media allies have learned a form of vote buying that may not require any deliverable payment… ever.

Promises are made, politicos are elected, and bills are passed…

…but no actual change takes place.

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The estimated $22 trillion dollars spent on the War on Poverty, which turned 50, exceeds the total national debt of some 20 trillion dollars. The poverty rate was coming down in the U.S. through free enterprise, and the perhaps well intentioned, but still misguided, impact of poverty programs has not proven to move the needle of poverty, as the graphic above demonstrates. Or as MHProNews publisher L. A. “Tony” Kovach said in Poverty vs. Prosperity, a recent Masthead post, ‘whatever you subsidize, you tend to get more of it.’  The Trump Administration seems to be taking a phased approach to winding down programs and regulations that have proven not to perform as advertised.

Former President Barack Obama signed a bill into law that was supposed to give equal pay for equal work.

Yet the Obama White House staff, the Clinton campaign and the Clinton Foundation – for all the happy talk of wage equality – were documented NOT to pay women equally to men.

 

So… How Do You Pay For It?

Michael Steele. Credit: Atlanta Black Star.

In a recent radio interview, former RNC Chair Michael Steele posed an important question in response to Zuckerberg’s call for UBI.

Why doesn’t he start with his own organization and put in a standard minimum income for all of his employees and see how that works for his shareholders,” said Steele on the Sirius XM’s Breitbart News Daily.

It’s what you say when you want to sound like you’re with it and cool, you know, I’ve got this real progressive view on taxes and everybody owes everybody else. You do your thing, let me do mine and we’ll work it out. The government doesn’t need to be going around setting anybody’s minimum on anything.”

 

The Trump Effect – The Desert… of the Real

What President Trump started during the campaign, and has continued during his administration, is exposing many of the fallacies that have led to 20 trillion in federal debt, huge trade imbalances, a loss of manufacturing and energy jobs to other nations.

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A Harvard study shows how media has covered the President over the first 100 days. Credit: Harvard.

And, as the Band-Aid is now being ripped off… the painful process of revealing and then rolling these fallacies back, those who have politically benefited react in the way that they know best.

Democrats have long argued for $15 minimum wage, yet according to a class action suit filed by DNC campaign workers, the party failed to pay them even the current minimum wage. This past week, Democrats in Congress on Thursday introduced a bill that would increase minimum wage to $15 an hour by 2024, and used their media allies to set the narrative.

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Credit: YouTube.

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Sen. Bernie Sanders. Credit: Wikipedia.

What we are here today to say is that a living wage is $15… if you are working 40 or 50 hours a week, you should not be living in poverty,” said Sen. Bernie Sanders (I-VT.)

If Republicans and President Trump are truly serious about standing up for workers, they’ll join us in fighting for a $15 minimum wage. … We’re going to continue fighting tooth and nail for this,” said Sen. Chuck Schumer (D-NY).

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Senator Check Schumner (right), with Harry Reid. Credit: Politico.

 

Meanwhile, President Trump has just returned from his first overseas visit, closing billion dollars of business designed to deliver hundreds of thousands of good paying jobs to U.S. shores.

President Trump’s triumphant visit to the Middle East is likely to be remembered as the occasion that changed not just United States foreign policy, but potentially the balance of power in the region,” a statement from the White House’s 1600 Daily email read.

 

The Bottom Line

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The President sits down with the Saudis. Credit: The White House.

President Trump and his administration are working to get to the root cause of the multi-decade long problem of flat wage growth, which can be summed up in the widely approved phrase, “the law of supply and demand.”

By addressing and attacking low wage worker inflow, unfair trade deals, taxes and regulation, repatriation of billions offshore, public private partnerships and energy independence, the administration is using the law of supply and demand to deliver solutions.

The markets are betting that Trumponomics is already working and will continue to work, as record growth continues.

The NFIB, MHARR and others are calling for, and support, many of these same changes.

The Daily Business News will continue to monitor and report on the various groups – including advocacy media – that attempt to shift or spin the discussion from the realities that are necessary to properly understand and act upon needed changes for sustained economic growth. ##

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

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