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President Donald Trump Talks About Factory Built Housing Legend to Scouts

March 6th, 2019 Comments off

 

PresidentDonaldJTrumpTalksAboutFactoryBuiltHousingLegendWilliamBillLevittLevittownToScoutsDailyBusinessNewsMHProNews

There are several kinds of people when it comes to President Donald J. Trump, or any other human being for that matter. Some will only look at the name, and what they think is bad about the man, for whatever reasons. Yet anyone who looks into a mirror closely enough will find flaws. Humanity cries out for the ancient Biblical principle of separating “wheat from chaff” – of separating that which is good from a person or organization – from that which is harmful or problematic.

 

Similarly, some will blindly accept anything about someone they believe in, be Bernie Sanders, Barack Obama, Hillary Clinton, Donald Trump, Ronald Reagan, some star or business legend, sports or news personality, or whomever.  

Grounded reality suggests something more pragmatic between such extremes. No American president or politician has yet achieved sainthood. That doesn’t mean there haven’t been great leaders, as well as problematic ones. Intelligent people ought to be discerning. POTUS Trump critic and liberal CNN commentator Van Jones told the conservative crowd at the recent CPAC conference that the 45th president deserves credit for his work on prison reform.

Wheat and chaff. Separate the good from whatever is not.

With that tee up, let’s turn to this headline topic about President Donald J. Trump, who with Energy Secretary Rick Perry – the former Governor of Texas standing by him in the video below – spoke about a legend in the factory-built housing industry. 

 

Why this Video, Why Now? 

First, as with many issues that are possible pluses, this topic by the 45th president is one that could benefit manufactured, modular, and other prefabricated housing producers.

Yet once you hear the legend’s name, if you search the Manufactured Housing Institute (MHI) website today, it’s missing.  Not found. By contrast, it’s worth noting that you can find this legendary factory builder’s name previously here on the MHProNews website. 

Second, the president is taking about inspirational qualities to these Scouts such as “winning” and “momentum.” Aren’t those potentially positive qualities every business or organization should seek?

Furthermore, with new HUD Code manufactured home shipments year over year (YoY) in decline now for several months, where are the victories or momentum in manufactured housing today? 

As the latest  – down again – new manufactured home shipment data sinks in, one should consider all that is right, and all that is wrong, with manufactured housing.

It’s time for ‘inspirational dissatisfaction.

Gripping isn’t the same as problem solving. Rather, dissatisfaction should ideally inspire the search for solutions. 

The purpose of MHProNews has in spotlighting any given p issue is in part accountability. But also so that professionals, advocates, investors, and others of good will can examine the facts, evidence, and make more informed choices as a result.

So nagging problems beg to be examined, and then once understood, challenges beg for a solution.

The genius Albert Einstein once commented that it he had an hour to solve a problem, he would spend 55 minutes examining the issue, then, Einstein would spend the last few minutes proposing the solutions.

Part of the premise of free enterprise is that a need can be turned into an opportunity.

Dissatisfaction should inspire the desire for solutions. That requires information, inspiration.

The publisher of MHProNews tells our twelve year old son, “goal and solution orientation, always.” Steven Covey, author of the 7 Habits of Highly Successful People said, “Seek first to understand, then to be understood.”

To be understood, factory-built housing pros must grasp the various reasons why manufactured and modular homes are misunderstood.

Got a problem? Look for solutions. President Trump – it must be recalled – was a successful businessman before becoming a candidate for the Oval Office. Mr. Trump was a builder. What this video posted below reminds factory-built housing pros – among other useful things – is to never quit a good cause, especially if it involves something that you love or care deeply about. 

If you don’t have momentum, figure out how to get it. We all need mojo to become successful. We need mojo to sustain success too.

The final possible practical use for this video is simple. It is in YouTube! That means your website’s webmaster could post this video on your site too. Why not highlight President Trump’s positive, inspirational talk to Scouts about a factory built housing industry legend?

Perhaps no prior president has a better understanding of factory-building than Donald J. Trump. In this video, Mr. Trump asked that legendary factory builder, “Why did this happen to you?” 

Given that our industry was almost 400 percent more productive in 1998, isn’t that a timely question for our industry to ponder?

Perhaps no U.S. vice president has more understanding – and better knows the terminology and lingo of manufactured housing – than VP Mike Pence. MHProNews sources from the production state of Indiana tell us that VP Pence understands our industry.

 

Why not take his information about a historic innovator and be inspired? Enjoy the video, and then share it with your circle of influence.  Then, check out the related reports that reminder readers that this president – and the first lady Melania Trump – may be the only president while in office to visit a manufactured home community. Mr. Trump may be the only man, before becoming president, to be personally involved in the launch of another now-successful factory-builder.

That’s this morning’s “Innovation – Information – Inspiration for Industry Professionals,” © where “We Provide, You Decide.” © (News, analysis, commentary.)

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

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You can click on the image/text boxes to learn more about that topic.

“I knew right from the beginning.” When President Trump, First Lady Melania, VP Pence Toured Manufactured Home Community

 

 

HUD’s Operation Breakthrough, Promoting Factory, Industrialized Building – Mobile Home Era to Modern Manufactured Homes.

President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

 

 

 

 

 

 

President Jimmy Carter Blasts Trump Administration on Affordable Housing, Carter’s Manufactured Home Ties

September 14th, 2018 Comments off

 

PresidentJimmYCarterBlastsTrumpAdminstrationAffordableHousingCartersManufacturedHomeTiesMHProNews600

CNBC reported last week that former President Jimmy Carter took aim at the Trump Administration on the important issue of affordable housing.

 

Low-income housing needs to be raised much higher as a priority for our country,” former President Carter said in a phone interview with Emma Newburger. “That’s the first step toward making people who are now dependent on government assistance, on welfare rolls, to get a good job and have a chance to raise their families and put their kids through school.”

Mr. Carter told CNBC that the Trump Administration is ‘ignoring a national housing crisis,’ and he urged voters to support candidates who promote affordable housing.

 

The Carters, HUD’s Carson, and Manufactured Housing

CNBC’s Newburger told MHProNews that the “topic [of manufactured housing] didn’t come up in the interview” with former President Carter.

By contrast, when the Department of Housing and Urban Development (HUD) was asked to respond to former President Carter’s broadside, a HUD spokesperson offered to MHProNews the very specific answer of Secretary Carson’s strong statement of support for manufactured housing.

The HUD spokesperson who replied to the Daily Business News on MHProNews was one that has not previously spoken or messaged with MHProNews. Her reply for HUD is all-the-more interesting to investors and businesses in manufactured housing (MH) who read the tea leaves that may signal what direction the agency will take when their regulatory comments review are completed, later this year.

Those comments the spokesperson sent from Secretary Carson were previously published by the Daily Business News, and are found on HUD’s website here, or at the article with some commentary linked below.

“A New Era of Cooperation and Coordination,” is Promised by HUD Secretary Carson, Saying “I Hear You”

Mr. Carter is a prominent supporter of Habitat for Humanity. An informed source in Carter’s home state of Georgia told MHProNews that Habitat rarely uses manufactured homes, preferring to get “free labor” from those who are putting their “sweat equity” into the house that they help build. That keeps Habitat’s construction costs low.

In Habitat’s view, per our source, this combination of factors creates a greater tie of the Habitat dwelling buyer to their home and mortgage payments.

However admirable Habitat is, it obviously only scratches the surface of our nation’s affordable housing needs.  Their own data shows that the majority of their work is done in other countries, instead of here in the U.S.

HabitatForHumanityManufacturedHousingIndustryDailyBusinessNewsMHProNews

It’s noteworthy that a Google search of former President Carter reveals no obvious criticism by him of the Obama Administration over their handling of affordable housing efforts.  By comparison, even some progressives criticized former President Obama for his perceived missteps at HUD regarding affordable housing. One such critique was about Shaun Donovan’s selection by former President Obama, and that source viewed Donavan as a Clinton Administration ally throwback.

So why did Mr. Carter give former President Obama a pass for 8 years, when the rate of home ownership dropped?

HomeOwnershipRatesUSCensusBureauDailyBusinessNewsMHProNews

Where was Mr. Carter on the issue of rising rents during the Obama Administration?

USCensusBureauMedianAskingRentDailyBusinessNewsMHProNews

Or why didn’t the former president from Plains, GA not critique Mr. Obama’s handling of the economy, debts, and deficits? During the Obama era, rental rates continued to rise. Regulatory policies during the 44th president’s term in office constrained or even crushed small businesses by the thousands, while large companies recovered and grew.  Manufactured housing has slowly recovered during the Obama years, due in part to regulatory overreaches.

MedianAskingSalesPriceVacantExistingSalesUnits1995to2018ManufacturedHOusingIndustryDailyBusinessNewsMHProNews

Details further below will outline factors that began during the Carter Administration years, which culminated in some of the housing and mortgage issues of our era. See further below.

MedianHouseholdIncome2016NARManufacturedHomeOwnersVsRentersDailyBusinessNewsMHProNews

Yet, in an apparently partisan Democratic Party fashion, Mr. Carter’s recent blast wasn’t aimed at former President Obama for the erosion in home ownership rates.  The peanut farmer turned president from Plains didn’t take at rising rents under former President Obama. Instead, Mr. Carter attacks President Donald J. Trump?

The Trump Administration has only been in office for about 20 months.  Dozens of the 45th president’s nominees have been slow-walked by Democrats in the Senate.

Ironically, the rate of home ownership and the economy are both improving at a significant clip since Mr. Trump won the election.  So where’s the logic of Mr. Carter’s claims? CNBC apparently failed to ask – or did not report it if they did – insights into any of these salient questions.

Perhaps equally interesting is the following issue and related question.

The federal manufactured housing construction and safety standards administered by HUD had their first full year in effect during President Carter’s Administration.

Figure1MobileManufacturedHomeSalesSHipmentsVsExistingingNewHouseSalesManufacturedHousingiinudstryDataMHProNews

There were certainly many factors that contributed to the steep drop in sales of mobile homes from their peaks in 1973 and 1974. When the HUD Code kicked in and manufactured housing was ‘born’, sales levels stayed fairly low during the Carter years. They went up modestly during the Reagan Administration era.

Mr. Carter’s colorful younger brother Billy served two different independent HUD Code manufactured home builders in high visibility roles for several years in the 1980s.

So why didn’t actively-retired President Carter do more to promote manufactured homes as an affordable housing solution? Or why hasn’t Mr. Carter done more to elevate manufactured homes as an obvious and proven free market solution to affordable housing since he left office?

After all, Mr. Carter can’t claim ignorance of the topic. The former president’s home state was at one time a top-tier manufactured home producer.

So, why did HUD Code manufactured home shipments nose-dive relative to the end of the mobile home era timeframe compared to the Carter years?  By contrast, as Daily Business News on MHProNews has reported, both prior Presidents Nixon and Ford each promoted “mobile homes” as an important part of the U.S. affordable housing mix.

Help Others “Get It” – Loans on “Mobile Homes” Promoted by Another U.S. President

The photo below was provided to MHProNews by ScotBilt Homes, which has produced manufactured homes in GA for many years. Left-to-right in the photo are Sam Scott, Judy Cazel, President Jimmy Carter, his brother Billy Carter, and Jim Cazel, the pilot of the aircraft they are standing by.

SamScottJudyCazelPresidentJimmyCarterBrotherBillyCarterJimCazelManufacturedHousingDailyBusinessNewsMHProNews600

 

The Reaction to former President Carter’s Comments From Washington, D.C.

There is no widely published comments to be found from a Google search (see downloadable screen capture) from the Arlington, VA based Manufactured Housing Institute (MHI) regarding the recent comments by former President Carter.

But the Washington, D.C. based Manufactured Housing Association for Regulatory Reform (MHARR) weighed in on the conventional comments by Mr. Carter in a nuanced comment as follows.

While Secretary Carson as we noted in a recent article has said the right things about the need to eliminate exclusionary zoning, there is much more that HUD could do to support consumer financing for affordable housing, most particularly chattel financing for manufactured homes,” said Mark Weiss, JD, President and CEO of MHARR to MHProNews.

Weiss and MHARR members are on record encouraging more lending from the FHA, while acknowledging the progress made to date during the Trump Administration.

It should be noted that MHARR has no PAC, by design, but MHI does. MHARR has praised the Trump Administration, as has MHI.

 

“Move, Open, Live” De Rose Industries & Senator Thom Tillis’ Mobile Home Comments

But a key distinction between the two trade groups on this issue is that MHI put two paid pro-Clinton speakers on stage in their pre-election Chicago event, a claim MHI has never opted to deny or try to explain.  The mainstream headline below is one of several that document that Berkshire’s chairman backed the party that favored heavy regulations. Why?

IBTInternationalBusinessTimesWarrenBuffettHillaryClintonDailyBusinessNewsMHProNews

MHI’s primary “big boy” member is Berkshire Hathaway owned Clayton Homes and their affiliated lenders, 21st Mortgage Corp and Vanderbilt Mortgage and Finance. Kevin Clayton is seen with former President Bill Clinton in the disastrous post-Haitian earthquake “recovery” effort photo and linked report below, that dives into those alleged scandals.

“Toxic Trailers” – Clayton Homes, Warren Buffett, Kevin Clayton, Clintons – Exposé Videos

Warren Buffett campaigned for Secretary Hillary Clinton against Mr. Trump in 2016, saying on several occasions, that Buffett believed in her policies.  As MHI award-winner – and periodic MHI critic – Marty Lavin has said, “Pay more attention to what people do than what they say,” and “Follow the money.”

FollowThe MoneyPayMoreAttentionToWhatPeopleDothanwhatTheySaySpySea72MartyLavinYachtManufacturedHousingINdustryProMHProNews

 

Forbes’ John Moratta Weighed In on Carter to Obama Era

But there’s other issues that need to be raised, one of which a Forbes Contributor David John Marotta examined. In 2012, Marotta argued that the entire contest between Democratic candidate and incumbent, President Barack Obama vs. GOP nominee, former Governor Mitt Romney should come down to a single subject.

It’s one that directly relates to affordable housing, manufactured homes, the U.S. economy, and the future direction of America.

The Forbes headline was, “The Election Should Be Settled by a Single Question: Who Caused the Financial Crisis?”

ForbesElectionSettleSingleQuestionWhoCausedFinancialCrisisDailyBusinessNewsMHprOnews

Two key paragraphs by Marotta on the subject framed by the headline above read as follows.

“…It all began with the Community Reinvestment Act (CRA) of 1977 under President Jimmy Carter. Its goal was to reduce discrimination against people in low-income neighborhoods by FDIC banks. The law did not provide any criteria for equal process. Thus any bank whose lending results were called into question could be challenged. And banks needed regulators to approve their actions.

DavidJohnMarottaForbesContributorDailyBusinessNewsMHProNews300The CRA increased the oversight of financial institutions and empowered organizations such as the Association of Community Organizers for Reform Now (ACORN). Obama’s work as a community organizer included working as ACORN’s attorney suing banks in Illinois.”

Skipping further into his column, the following extended quotes from Marotta said, “In the last election campaign, it was vehemently denied that Obama had been an ACORN trainer until the New York Times uncovered records demonstrating he was.”

Now Democratic New York Governor “Andrew Cuomo was the assistant secretary of Housing and Urban Development (HUD) and then secretary under President Bill Clinton from 1993 through 2001. Cuomo created 800 new HUD employees who were paid as much as $100,000 to fight against abolition of the agency. These community builders, as they were called, worked with local groups to lobby against tax cuts and to aid Democratic candidates.

Under Cuomo’s leadership in 1998, HUD forced banks in Texas to lend $2.1 billion in affirmative action loans with a higher risk and higher default rate.”

President Clinton touted these supposed achievements. “In 1998 he boasted,In the 20-year history of the Community Investment Act, 85 percent-plus the money loaned out under it to poor inner-city neighborhoods has been loaned in the five years since I’ve been president.”

Fannie Mae and Freddie Mac were on the path to disaster. Now Obama blames deregulation under the Bush administration for the financial meltdown, but there was none.

After Clinton, George W. Bush and Republicans tried to tighten up lending standards for which they were demonized by the Democrats. These efforts were pushed unsuccessfully throughout the Bush administration starting in April 2001. 

Ranking Democrats Barney Frank and Charles Schumer led their party to block these efforts in the fall of 2003. Frank made light of Republican concerns. He said, “I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. And even if there were a problem, the federal government doesn’t bail them out. But the more pressure there is there, then the less we see in terms of affordable housing.”

Those points in Forbes are ones MHProNews has raised several times over the years –  including, but not limited to – by previously sharing the video posted below.

 

It should also be noted that former President Bill Clinton himself acknowledged that, “The responsibility the Democrats do have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

Let’s let all of the above sink in for a few moments.

That should not imply that several Republicans weren’t also complicit in the housing/lending issues in the run-up to 2008, because Fannie and Freddie were donating to candidates on both sides of the aisle.

But more influence buying cash went to Democrats. Politico reported that the GSEs spent a stunning $200 million dollars in campaign contributions, see the screen capture below.

2008GSEsFannieFreddieGaveDemocratsMorePrior2008FinancialMeltdownDailyBusinessNewsMHProNews

So it seems more than ironic that former Democratic Presidents Carter, Obama, and the Clintons now gleefully point a public finger at President Donald J. Trump. But the evidence and factual reality is that those Democratic leaders are guilty of blatant hypocrisy. They and their party bear a significant degree of responsibility for the economic turmoil, starting in the Carter years, during the Clinton Administration, as well as the run up and through the Obama Administration eras.

Big government solutions, the ones more commonly proposed by Democrats, have proven for 50 plus year not to work.

UCDavisUnitedStatesPovertyRateSince1959to2015DailyBusinessNewsMHProNews_001

It’s federal government policy that turned toward more subsidized conventional housing, which has never kept up with the needs in over 50 years.  Manufactured homes, or the mobile home era before the HUD Code existed, were the free enterprise solution that have proven to be as “amazing” as HUD Secretary Carson said in Senate testimony earlier this year.

 

 

Summing Up the View from MHVille

There is little doubt that members of both major parties have over the years made their respective errors, along with efforts to spin or cover up those mistakes.

But there’s plenty of evidence that former Presidents Carter, Clinton, and Obama – along with Democratic allies in Congress – fostered the conditions that have undermined manufactured housing, and hurt the economy at several times, and in often severe ways.

As industry investors, professionals, and all others ponder their support and votes in the upcoming midterms, it’s vital to consider the issues noted above.

Democrats and disaster-capitalists have long ties. Mr. Buffett and Kevin Clayton’s connections to top Democrats ought to be weighed by all those who care about the issue of affordable housing and manufactured homes role in that effort.

As a disclaimer, while the publishers of MHProNews are political independents, this writer published an article that supported then candidate Trump during the Republican primaries in 2016. That article was republished by the Trump campaign on their website, as the screen captured image below reflects.

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While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

Resistance Democrats, and some Republicans too, have caught to slow or stop the reforms that former Democrat turned Republican Donald J. Trump has sought to bring to the U.S. in economic and foreign policies. Those who claimed that Mr. Trump could never win were proved wrong.

Some of those same voices are shouting daily now that Democrats will carry the House, and maybe even the Senate in a supposed “blue wave.” It is a “knife fight,” as Senate Majority Leader Mitch McConnell recently said.

But the races are close. And the polling touted in 2018 has some of the same problems that 2016 polling had.  It is every bit as likely, perhaps more likely given consumer and business confidence levels, that a “red wave” is coming.

President Trump is taking over the GOP, and is transforming it into a pro-worker and pro-business, pro-growth party.  1/3 of the counties that went for Mr. Obama flipped in 2016 and supported Mr. Trump.

The midterms will be all about turnout. Turnout will be determined by energy and enthusiasm. The economic recovery this time isn’t driven by Federal Reserve monetary easing, or doubling the national debt in just eight years, as occurred during the disastrous Obama Administration years.

We are only now beginning to see details and documents about the level of corruption that occurred at the FBI, DOJ, and perhaps the CIA during the Obama era in the 2016 campaign.

The future of our industry’s growth potential may hang in the balance of a builder-businessman turned politician. President Trump has systematically been keeping his campaign promises.

HUD Secretary Carson’s pressroom spokesperson pointed to his manufactured housing comments as their reply to former President Carter’s controversial, and demonstrably misleading claim made to CNBC.

Yes, MHARR’s president is correct in saying that positive words and the regulatory freeze must be followed by more concreate and positive action.

But the Trump Administration, for all the drama that surrounds it, is keeping their promises to put American jobs, businesses, and our national interests first.  It’s a vast improvement over the presidents of both parties since the days of Democrat turned Republican, President Ronald Reagan.

That’s “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

June 5th, 2018 Comments off

Presidential powers are substantial, but they are not unlimited. So among the tools a president can use to some effect is the bully pulpit. That’s the power of spotlighting a topic via a public forum.

 

In a speech, President Donald J. Trump raised the profile of a once-famed factory-based home builder he knew. The video of that part of his speech, is shown below.

 

 

The president’s family business has also had direct ties to an upscale factory home builder, Revolution PreCrafted Homes.

The 45th president clearly has personal knowledge of factory-crafted home building, as well as of conventional housing construction.

It is worth noting that Vice President Mike Pence hails from Indiana. Industry sources tell the Daily Business News, that then-Governor Pence understood manufactured housing (MH), used the proper terminology, and was supportive of the industry.

In Senate testimony, HUD Secretary Ben Carson, MD, has called modern manufactured homes “amazing.” Meanwhile, Secretary Carson labeled the regulatory regime of the Pamela Beck Danner era as “ridiculous.” Dr. Carson did so without mentioning her by name.

TrailerHouseMobileHomeManufacturedHomeFactoryBuiltHousingEvolution101MHProNews-MHLivingNews

Make a habit of using the correct terminology.

 

Operation Breakthrough

Levittown and that builder named by the president was an example of factory-based home building were included in HUD’s report on Operation Breakthrough, linked below. The linked reports on Operation Breakthrough – along with other linked resources from this article – can be read later, for additional details, and a deeper understanding.

HUD’s Operation Breakthrough, Promoting Factory, Industrialized Building – Mobile Home Era to Modern Manufactured Homes.

A HUD’s PD&R report linked below are one of the sources that demonstrated via university-level research that modern manufactured homes appreciated side-by-side with conventional housing in urban infill settings.

 

The full implementation of two existing laws – manufactured housing’s enhanced preemption and the Duty to Serve could unlock two trillion dollars in additional growth, without the need for massive federal spending.

Enforcing the law” has become a Trump Adminstration catch-phrase.

Enforcing the two laws linked here and above could pave the way to home ownership for millions, which in turn would spur the personal wealth of many, including blacks, Hispanics and all other demographic groups.

As Secretary Carson reminded the nation last year, home owners have an average net worth of $200,000, while renters only have an average net worth of $5,000 dollars.

There are debatably few other items that the Trump Adminstration could do than enforce those two existing laws, which would:

  • cost the federal government less tax payer money over time,
  • yield more wealth for millions,
  • all while creating more good jobs,
  • and higher domestic economic growth.

Virtually everyone, save perhaps a few monopolistic forces, would benefit from enforcing two laws already on the books regarding manufactured housing.

Two Great Laws Already on the Books NOW,  Can Unlock Billion$ Annually for Manufactured Housing Industry Businesse$, Investor$

 

Posturing vs. Doing

The Manufactured Housing Institute (MHI) has attempted to claim credit for the passage of the MLO rule when S 2155 was signed into law. The Masthead predicted that this dubious MHI claim would occur from the Berkshire Hathaway dominated association, prior to the signing of the bill.

It was the Trump Administration, not MHI, that made the MLO rule passage possible.

White House Signing Ceremony on Historic Pro-Growth Financial Regulatory Reform

Note that then candidate Trump pushed for such a bill, by campaigning for reforms of Dodd-Frank.

By contrast, Warren Buffett backed Hillary Clinton pledged to do what Barack Obama did. Chairman Buffett led Berkshire Hathaway used their manufactured housing mouthpiece, MHI, to posture reforms of Dodd-Frank for years. But that reform of Dodd-Frank was only accomplished under President Trump.

Buffett publicly supported President Barack Obama, who pledged to veto a bill that included a similar provision to S 2155. MHI’s now exited government relations Vice President Jason Boehlert admitted in writing that the passage of MHI’s bill, Preserving Access was unlikely while President Obama was in the White House.

2012 Election Results and Coming Lame Duck Session

By contrast, the Manufactured Housing Association for Regulatory Reform (MHARR) said early on in the Trump Administration that the industry could not ask for a better president in the Oval Office that Donald Trump.

Once understood, its an apparently classic case of what President Trump has called “a rigged system.”

 

Examples of a Corrupt, Rigged System?

The Washington Post made it clear that it was MHARR, not MHI, that worked with the Trump Administration to exit the destructive regulatory steps Pam Danner, JD, caused manufactured housing operations during her tenure at the Office of Manufactured Housing Programs (OMHP).

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

MHI EVP Lesli Gooch specifically told the Washington Post that they did not weigh in on the Danner controversy. That confirmed months of MHProNews reporting on that subject.

By contrast, Mark Weiss, President and CEO of MHARR, was cited by the Washington Post as specifically pushing for the removal of Danner as an Obama Administration holdover, who was working contrary to President Trump’s regulatory freeze order.

The fact-patterns appear to be stark, and clear.

The Buffett/Berkshire dominated MHI was allegedly posturing reforms of Dodd-Frank and HUD, but in fact supported for president, first Barack Obama and then Secretary Hillary Clinton. That’s Mr. Buffett’s right, but then it is debatably unjust for MHI to claim that they were trying to mitigate regulations.

In fact, regarding the Department of Energy (DOE) plans for manufactured housing under the Obama Administration, MHI was promoting heavier regulations, while MHARR stood alone among MH industry associations in Washington D.C. to stop them.

Manufactured Housing Institute (MHI) Shifts on DOE Regulatory Rule, Report, Analysis

Marty Lavin, JD, bluntly said on the record that MHI was working for “the big boys” and their interests.

The MHI award-winning Lavin has previously said “pay more attention to what people do than what they say.” In hindsight, isn’t it clear that MHI said they wanted to make certain reforms, but in fact Buffett’s “big boys” – such as Berkshire owned Clayton Homes, 21st Mortgage and Vanderbilt Mortgage and Finance (VMF) – were working to maintain or even increase regulatory burdens?

Why?

Because heavy regulations are both a barrier of entry to new businesses, and are also a force that can crush existing business operations. It is part of Buffet’s strategic “Moat” philosophy.

 

Using the established principles that high taxes, and high regulations harm smaller business, the Buffett tool of MHI was de facto aiding in the consolidation of manufactured housing companies. These are points President Trump has often raised in a general way in his speeches.

Sources on- and off-the-record have leveled charges that MHI was working against the interests of smaller companies, while Berkshire Hathaway owned brands and some others in manufactured housing were “consolidating” – or killing off – smaller independents for years. MHI’s own data reflects the trend.

 

While MHARR has raised such issues in their own fashion, only MHProNews among the industry’s trade media has spotlighted these concerns. Long-time readers will recall that MHProNews editorially supported and endorsed President Trump during the 2016 campaign. That support drew the attention of the presidential campaign, which for months had one of this writer’s articles on the Donald J. Trump campaign website.

12ReasonsEducatedIranianAmericanWomanSupportsDonaldTrumpPostedMastheadBlogMHProNews954x846

While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family and MHProNews supported Donald J. Trump’s candidacy as the best for the industry, small business, and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative and pro-Trump websites.

While industry’s bloggers and MHProNews competitors were often shilling or cheering MHI and Berkshire Hathaway owned brands, MHProNews and those who support this platform stood alone in the industry’s media to warn the industry’s members against the complex, and tortured ways MHI and Berkshire Hathaway were killing off and/or “consolidating” companies at bargain prices.

Time Travelers, and the Future of American Homes

Marty Lavin, a manufactured home industry success story in his own right, has said “follow the money.” People are entitled got their own opinions, but they are not to their own facts. MHI can claim to be working to mitigate regulations, but where is their evidence? Why did MHI VP Rick Robinson dodge questions and debate in Deadwood in 2017? Or why did MHI President Dick Jennison dodge questions in Louisville in 2018?

The Trump Administration is doing their part. They are striving to undo the damage of years of crony capitalism in Washington, D.C., step-by-step.

If Brian Montgomery and Secretary Carson will avoid the trap of appointing a MHI candidate to be the non-career Administrator of OMHP at HUD, it could be another next step forward for millions of Americans.

Based upon reports from industry sources, MHProNews has supported Vic DeRose to replace Danner. DeRose could be someone that holds to the regulatory philosophy of the president, to administer the manufactured housing program in a way that could benefit industry and consumers alike. “We Provide, You Decide.” (C) ## (News, analysis, and commentary.)

(Third party images, and content, are provided under fair use guidelines.)

Related Reports:

Understanding the Modern Realities of MHVille – Winners, Losers, Profits, and Loss

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

NAR’s Lawrence Yun Raises Alarm for New Housing Crisis, MH Import?

Rollohome, Creating 60,000 Factory-Built Homes in 2 Years

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President Trump – “Bigger than Watergate,” “We Need Accountability” – National, MH Industry Impacts

May 18th, 2018 Comments off

PresidentTrumpBiggerThanWatergateWeNeedAccountabilityNationalEconomicMHIndustryImpacts

Imagine if during the 2008 campaign, if someone in the Bush Administration had planted one or more FBI informants in then Senator Barack Obama’s campaign. Then further imagine, that federal investigations were started, based in part on information paid for by opposition to then-candidate, Senator Obama.

 

Then envisage that word of that hypothetical attempt to illegally influence a presidential election had leaked out, or if the story was broken by news media. That would have been a huge scandal, and rightly so.  Part of the bedrock of the American political system are free and fair elections.

To have the power of the federal government weaponized for political opposition purposes would debatably be “worse than Watergate.”  That wouldn’t be a partisan issue, its a question of integrity and the rule of law to protect the rights of all.

There is no evidence that the above hypothetical ever occurred during the Bush years.  But there is mounting evidence that federal taxpayer funded resources were used to influence a presidential election.

That in brief is what President Donald J. Trump’s Thursday tweet means with respect to Obama-Clinton operatives.

That has sparked political pundits, media outlets, and public reaction.

Wow, word seems to be coming out that the Obama FBI ‘SPIED ON THE TRUMP CAMPAIGN WITH AN IMBEDDED INFORMANT,‘” the president tweeted in reference to a National Review report published last week, said the Hill, a news source based in the nation’s capital.

FBISpiedOnTrumpCampaignTweetBiggerthanWatergateHillManufacturedHousingIndustryDailyBusinessNewsMHProNews

For those who may not recall, the Watergate scandal occurred when President Richard Nixon, a Republican, was tied to the attempted coverup of a crime, in which former FBI and CIA agents broke into the offices of the Democratic Party and George McGovern (that year’s Democratic Presidential candidate).

Watergate was the location for the DNC offices at that time.  The Watergate break-in was an illegal political spying effort, designed as part of an illicit plot to help defeat McGovern.  It was no doubt a dark, ugly chapter in our nation’s history.

WatergateScandalWikiSummaryManufacturedHousingIndustryDailyBusinessNewsMHProNews

The photo above at the left is an aerial view of the Watergate complex, the buildings which at the time were the office of the Democratic National Committee (DNC). That’s what gave rise to the name of the break-in and cover-up scandal, called, Watergate.

But today, we’re not talking about former federal agents.

Rather, the concern is that active, paid FBI and other federal agency staffers have illicitly been involved in derailing a political campaign – and post-election – of attempting to unseat a duly elected president.

If the leak yesterday – that the above concerns are part of what an upcoming inspector general report will allegedly reveal – that would be a bombshell.

Andrew McCarthy says, ‘There’s probably no doubt that they had at least one confidential informant in the [Trump] campaign.’ If so, this is bigger than Watergate!

There are now numerous reports that allege that Obama-era led agencies used their surveillance powers to monitor and attempt to disrupt the Trump campaign.

This is not the first time that the Obama administration has been accused of spying on the Trump campaign.

Last year, President Trump accused the former president of wiretapping Trump Tower shortly before the 2016 election.

Terrible! Just found out that Obama had my ‘wires tapped,’ in Trump Tower just before victory. Nothing found. This is McCarthyism!” the president tweeted in March 2017.  Then White House Press Secretary Sean Spicer later clarified the tweet to mean that the Trump campaign had spied upon, not a literal wiretap.

Terrible!POTUSObamaWireTappedTrumpCampaignTrumpTowerNothingFoundMccarthyismManufacturedHousingIndustryDailyBusinessNewsMHproNews

Attorney, Author, Talk Radio Mark Levin Calls for Accountability

 

MHVille – First Look

The Daily Business News has for over a year made the case held by thousands of manufactured housing professionals, from coast-to-coast. Namely, that the current Trump administration has been far more business-friendly than former President of the United States (POTUS) Barack Obama’s Administration was.

The National Federation of Independent Business (NFIB) and others have praised President Donald Trump for his pro-growth, pro-business policies.  The NFIB has hundreds of manufactured housing industry members.

POTUS Trump has also been more business-friendly than the Bush or Clinton Administrations were. That’s according to the National Association of Manufacturers (NAM) survey, NFIB surveys, and statements from the Manufactured Housing Association for Regulatory Reform (MHARR).

The regulatory freeze that has given the industry relief from several pending regulations did not occur under Barack Obama.

Rather, President Trump is undoing many of the costly and burdensome regulations of prior administrations.  These points aren’t a matter of posturing, they are all a matter of record.

Accurate Trump Administration Predictions

Based upon the Trump Administration’s policy stances, statements made over a year ago from MHARR’s top officials predicted that President Trump would be pro-business, and that others in the industry needed to rally around his efforts.

Proof?  See the focused 2 minute 20 second video, posted above. Note that foresightful MH industry leadership.

By contrast, Democratic presidential candidate, Secretary Hillary Clinton pledged very similar policies on regulations as Barack Obama had initiated with Congress.

Secretary Clinton named Dodd-Frank as an example.  She pledged to keep those onerous regulations as they had been during the POTUS Obama years, suggesting that she may also strengthen them.

The Manufactured Housing Institute (MHI) is officially hoping that next week the House will vote to pass their version of S. 2155.  That bill includes a roll back of the CFPB’s so-called MLO rule, that effectively gagged unlicensed personnel from speaking to consumers about lenders and loan terms.

It must be noted that this Congressional effort would not be taking place with any hope of enactment under a hypothetical Hillary Clinton presidency.

Who says?

That’s the application of the logic of former MHI government relations vice president, Jason Boehlert.

President Obama opposed a similar MHI backed bill, threatening to veto it. Secretary Clinton said she agreed with Mr. Obama, pledging to do the same or ‘strengthening’ Dodd-Frank.  Now, look again at the video with MHARR posted above, and ask, what were MHI and those who rule that association thinking?

2012 Election Results and Coming Lame Duck Session

 

M1

The Special Counsel Robert Mueller investigation of the so-called “Trump campaign-Russian collusion” allegations has now turned one year old.

Even as third-party analysts claim that 90 percent of mainstream media reports have been anti-Trump, public opinion has nevertheless shifted away from Mueller.

In a recent survey, just over half the country now believes that Mueller’s so-called probe into alleged Russian collusion with the Trump campaign is – as the 45th president has often called it – “a witch hunt.”

It’s worse than most realize, because there was never a predicate crime being alleged.  

Democratic attorney Alan Dershowitz argued over a year ago that there is no federal crime of collusion.

Had collusion between the Russians and the Trump campaign existed, said Dershowitz – noting that there is no evidence of any collusion – it would have looked bad.  But the Harvard law professor Dershowitz said that even if the alleged collusion existed, it would not have been illegal.

Then what was the Mueller investigation all about?

Recall that President Obama said days before the election, that the Russians were unable to interfere in the American elections.  There is no evidence that a single vote was changed by Russian attempts to hack.

Recall that MHProNews advised readers last year that even a CNN producer admitted to undercover investigators a year ago that the Russia-Trump stories were “bullsh-t.”

An underreported aspect of the specious ‘Russia’ story is that governments around the world, including the U.S. government, attempt to influence each other’s elections all-too-often.

Recall that Barack Obama attempted to interfere with Israel’s elections, and with the Brexit vote in England. Arguably worse, is that POTUS Obama – following calls from the Clinton State Department – invaded Libya.  For what?  The Libyan nation – as a result of that Obama-Clinton action – has since been destabilized. As but one tragic result, America later lost diplomats in Benghazi, Libya.  That’s been one of many consequences from that outrageous Obama-Clinton military plan to attack Libya’s leadership. The previously pacified Libyan people now are suffering a civil war.

The Russian efforts to interfere in the 2016 U.S. election, per sources, is their “payback” for Secretary Clinton’s alleged interference in the Russian elections.

Ironically, every scandalous effort to weaponize federal resources are boomeranging back onto Democrats and their anti-Trump allies.

The U.S. ought to be vigilant and protect the election process, against foreign and domestic manipulation and interference.

U.S. policy ought to respect the rights of foreign nations.   Furthermore, U.S. policy ought to pro-actively protect our own nation’s borders, and then it can call upon others to act similarly.

For years, America has been living in a topsy-turvy world.  So much so, that Barack Obama candidly and accurately said not long ago that there are two ways that the nation looks at the facts.  That’s sad, but true.  Isn’t he, Secretary Clinton, and their allies part of the reason that claim is accurate?

Facts Matter – Mr. Obama’s “Alternative Universe,” Trump Admin, Investors & Politicized Manufactured Housing Data

Plausible allegations of officials – starting during the Obama era – using:

  • federal agents,
  • taxpayer dollars,
  • and illicitly applying federal legal procedures to stop or unseat a campaign – or a duly elected president – are all indeed worse than Watergate.
  • Aren’t these an apt description for an attempted coup?

DefineCoupD'EtatWikiManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

Simplified Summaries of Threads

Former DNC Chair Donna Brazile said that the Hillary Clinton campaign rigged the primaries, to prevent Bernie Sanders from becoming the Democratic Party’s candidate.

“Hacks” – Explosive 2016 Campaign Claims by Former DNC Chair, Donna Brazile

It is now clear that the Clinton campaign paid millions for the so-called “Steele Dossier,” which used foreign intelligence assets – British and Russian sources – to try to paint then candidate Trump in an unfavorable light.

That bogus politically-motivated ‘fake dossier’ – along with leaks of one or more FBI memo(s) – were in turn used by then FBI director James Comey to spark the Mueller probe.

If that isn’t outrageous enough, Special Counsel Robert Mueller has a staff packed with Clinton campaign donors.

Millions of taxpayer dollars have been spent on what looks to be a political effort initially designed derail candidate Trump, and later used to spark a stir they apparently hoped would lead to a duly elected president’s impeachment.  All on totally spurious – faked! – grounds.

If this is so, it’s not just outrageous, its criminal.

 

Why This Matters to MHVille, Next Week

Next week, the House will vote on their version of S. 2155, which includes a provision that would remove the MLO rule.  The mortgage loan originator (MLO) rule that is widely seen as harmful to manufactured housing industry retailers, communities, lenders, and others.

GovTrack tells MHProNews the odds of passage for S. 2155 stands at 56 percent.

Under President Obama, such a measure would have been vetoed.

Under a hypothetical Hillary Clinton Presidency – based upon her campaign promises – a bill like S. 2155 that will change Dodd-Frank would have been vetoed.

If S.2155 bill passes – and MHProNews’ publisher has editorially supported a similar such pro-business, pro-consumer change like this for years – it will be a Trump Administration accomplishment.

It would be entirely spurious for MHI to claim any legitimate bragging points.

Why?

MHProNews reported that days before the 2016 election that MHI had not one, but two paid pro-Clinton speakers on their stage in Chicago.

Warren Buffett was pro-Barack Obama and pro-Secretary Hillary Clinton.

Buffett is the Chairman of Berkshire Hathaway.  Berkshire is the parent to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, and has interests in a raft of other suppliers, lending, and services entities that intersect with manufactured housing.  Berkshire’s brands are widely seen as dominating MHI.

Based upon feedback from industry sources, there is a growing realization that MHI has been slow-walking or stonewalling reforms that hurt the industry, rather than championing them.

The Washington Post’s recent report on HUD, Pam Danner and manufactured housing underscored those concerns.

MHI Lender Shakes Up DTS and MLO Rule Discussions

As a result of years of MHI failures and allegedly weaponized reports, there is also a growing interest in creating a new post-production association, one that truly represents the independent retailers, communities, lenders and others.

 

Manufactured Housing is Non-Partisan

Manufactured housing – because it is affordable housing – ought to be viewed as a non-partisan issue.  It has long enjoyed the support of Democrats and Republicans alike for that reason.

But during end of the ‘Bush 43’ years, and during the eight years of the Obama presidency, anti-business policies often harmed our industry.

By contrast, President Trump – and cabinet members such as Secretary Ben Carson – have been working to undue those harms, pledging a new era of cooperation.  Would that have taken place under madam Clinton’s leadership?

 

Developing News on More Manufactured Home Lending

There is a developing story on financing that you may not hear from MHI or their echo-chamber surrogates. They will certainly not reveal it unless and until MHProNews hereby and in upcoming reports spotlights it.

When you see that upcoming report, you’ll see why.

Watch for that pending finance focused report from the MH Industry’s leading independent news source.

For almost a decade, MHProNews has brought you the most popular “Industry News, Tips and Views that Pros Can Use.” ©

With facts, evidence, and sound analysis in hand, then readers can apply the next tag line: “We Provide, You Decide.” ©

Which is all part of the reason why a top level executive said – as part of a longer communication – that “…if MHProNews is writing about it, I want to know about it.” (News, analysis and commentary.)

(Third-party images, and cites are provided under fair use guidelines.)

PS: Our thanks to those who have taken the time to mention that they see that MHProNews reports, analysis and projections have proven to be accurate, time and again.

PSS: Watch for an exclusive report on a non-profit group that is attempting to harm manufactured housing industry businesses.

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Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

Greener, Stylish Manufactured Homes – Hidden Facts in the Washington Post Manufactured Housing Narrative

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

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3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

In a Divided America, Presidential Interview on Tax Reform, His Social Media Habits, More

October 23rd, 2017 Comments off

MariaBartirmoInterviewPOTUSDonaldTrumpDailyBusinessNewsMHProNEwsWhat we learn from history is that people don’t learn from history.”

– Warren Buffett

 

Chains of habit are too light to be felt until they are too heavy to be broken.”

Warren Buffett, Chairman of Berkshire Hathaway, parent to several manufactured home industry production, finance, retail and supplier operations.

 

Almost a year has gone by since the historic 2016 election took place.

The nation is divided, both the left, right and routinely polarized media agree on that point.

MediaBiasChartSharylAttkissonLeftRightPostedDailyBusinessNewsMHProNews

Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources. For background on her left-right media spin chart, click here

Even within the political parties, there are fissures.

Republicans may be mostly united behind the president’s agenda, but the ObamaCare repeal and replace effort showed that there was just enough disunity in party ranks to keep their own multi-year promise from being passed into law, at least yet.

Meanwhile, Democrats are struggling to find a message that will improve their largely lagging fundraising compared to the GOP, and the reverse their 100 percent defeat record in special elections since President Trump took office.

MainstreamMediaPollMakingUpFakeNewsAgainstPresidentTrumpDailyBusinessNewsMHProNews

And while the nation is fed a steady diet of reports that pollsters say imply that millions believe that ‘fake news’ abounds regarding the president and other issues, as the Daily Business News has been reporting for months, there are also widespread signs that confidence in the economy and business are at levels not seen in over a decade.

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Featured image credits, Ozy Media, MHProNews. 

NFIB, NAM, Others in Business Promoting Tax Reform, Tax Cuts

It is against the dramatic backdrop of promises to overhaul and cut taxes that Maria Bartiromo of Fox News interviewed the president in a segment that aired on Sunday.

MariaBartiromoWikipediaDailyBusinessNewsMHProNews

Former Speaker of the House, Newt Gingrich – whose wife Calista was recently appointed to be the U.S. Ambassador to the Vatican – reacted to several topics about the president, POTUS Trump’s style, and how Gingrich sees the Trump agenda moving ahead, or not.

UrbanDIctionaryPresidentOfTheUnitedStates=POTUSDailyBusinessNewsMHProNews

Hillary Clinton Reaction to Trump, Recent Controversies Video

With the budget deal done, the push toward tax reform now takes center stage.  Will it happen at all?  Or can it be accomplished before Christmas?  Time will tell. “We Provide, You Decide.” ## (News, analysis.)

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

(Note: See Soheyla Kovach recent op-ed, linked here. Soheyla is a co-founder of LifeStyle Factory Homes, LLC – the parent to MHProNews.com and MHLivingNews.com – and is a managing member.)

 

Economist Kudlow says, “Trump…Ending War on Business,” Reactions, MH Industry Impact

October 9th, 2017 Comments off

LarryKudlowTrumpEndingWaronBusinessDailyBusinessNewsMHProNews438Tax and regulatory policy impacts the manufactured housing industry, much as it does other industries and parts of the economy.

The National Association of Manufacturers (NAM), and the National Federation of Independent Business (NFIB) are among those supporting tax reform, as the Daily Business News on MHProNews has previously reported.

So, it with interest that many industry professionals are following the tug-of-war in the nation’s capital over tax policy and proposed tax reform.

Kudlow On the Air

Larry Kudlow sounded off on the topic on Sunday, in a radio interview with John Catsimatidis on AM 970 in New York, per reports by a slew of media outlets.

Ending the War on Business

TrumpEndingWaronBusinessGoogleDailyBusinessNewsMHProNews

Screen capture of some of the mainstream media coverage on this topic.

Donald Trump is, in fact, ending the war on business,” Kudlow said during the radio interview.

Trump is ending the punishment of investment. That’s what this tax bill is really about: The return on capital will go up after tax,” the Hill reported, adding that Kudlow said. “The cost of capital will go down after tax. And that will lead directly into new business projects, and more hires, and better wages and productivity. It doesn’t get any better than this.”

It echoes a refrain that Kudow has been sharing for months, as this recent interview on CNBC reflects.

Left Leaning Media Revolt, While Kudlow Wrote The Book

Left of center outlet, NYMag says of the economist, author and commentator that “Kudlow is a fanatical adherent of supply-side economics.”

The Huffington Post has snarked, Kudlow is best known for being wrong,” while Bloomberg has said,  “Kudlow Is a Troubling Economics Adviser for Trump.”

SnarkyDefinedCrankySharplyCriticalCuttingSnide-postedDailyBusinessNewsMHProNews

But does history prove otherwise?

During the first term of the Reagan administration (1981–1985), Kudlow was associate director for economics and planning in the Office of Management and Budget (OMB), a part of the Executive Office of the President,” says Wikipedia.

Kudlow has literally written the book on how Democratic President John F. Kennedy, as well as GOP President Ronald Reagan both cut tax rates.  Each saw significant economic growth in their wake.

BooksbyLarryKudlowJFKReaganRevolutionSecretHistoryAmericanProsperityDailyBusinessNewsMHproNews

Furthermore, while revenues to the federal government initially dropped, over time, they rose in both cases.

HeritageKennedyReaganTaxCutsWorkedDailyBusinessNewsMHProNews

Kudlow and business associations are far from alone in promoting tax reform.

Billionaire Steve Forbes has argued for tax reform and simplifying the code for years, see a recent report, linked here.

TaxReformPragerUSteveForbesDailyBusinessNewsManufacturedHousingINdustryResearchDataReportsMHProNews

Chart used by Steve Forbes, image credit, Prager U.

Forbes reminds his readers and listeners that properly done, tax reform is more than just money savings that frees capital to create more growth.  Forbes argues for tax reform to avoid the time lost in tax compliance.

White House Press Room to MHProNews

The White House press room sent a reminder to MHProNews about President Donald J. Trump’s op-ed in a Wisconsin newspaper that focused on tax reform.

In that presidential op-ed in the Milwaukee Journal Sentinel, he said the country’s “self-destructive tax code costs Americans millions of jobs, trillions of dollars and billions of hours spent on compliance and paperwork.”

That’s a point that mirrors Forbes’ observation, noted above.

To fix this, we have made the foundation of our job creation agenda fundamentally reforming our tax code for the first time in more than 30 years,” President Trump wrote in the op-ed.

I want to work with Congress on a plan that is pro-growth, pro-jobs, pro-worker and pro-American.”

The president has that his tax plan would “dramatically reduce” the “income taxes for American workers and families.”

While the White House and House speaker Paul Ryan are quoted by the Hill as saying they expect some bi-partisan support. But given the partisan trench warfare in Washington, D.C., that’s not yet a given.

Those who support tax reform should let their senators and congressional representative know. The links below can help you contact your elected officials by phone or message.

We Provide, You Decide.” © ## (News, analysis, commentary.)

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Tax Reform, Front and Center, as Business, Democrats and GOP Converge on Issue

September 13th, 2017 Comments off
TrumpTaxPlan2018CreditKELOLANDDailyBusinessNews

Featured image credit, KELOLAND.

The president is committed to getting tax relief for middle-class Americans passed and is willing to work with Democrats and Republicans to do it,” White House officials said, per Fox News.

Small businesses and entrepreneurs around the United States are waiting to get more specifics on the potential tax reform that President Trump is pushing for legislature to pass.

Since early on in his campaign President Trump has been calling on Congress to pass a bill that would provide significant tax breaks for small businesses.

Groups like the National Federation of Independent Businesses believe that tax reform will significantly improve their chances at success.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidence

Just last week the Daily Business News reported on the presidents spotlighting Senator Heitkamp in North Dakota where he stopped to give a speech on his hope for tax reform.

Ideally, he’d like to get it down to 15 percent. I don’t know if we’ll be able to achieve that given the budget issues, but we’re going to get this down to a very competitive level,” Treasury Secretary Steven Mnuchin told a conference in New York hosted by CNBC.

StevenMnuchinUSSecTreasuryTrumpAdminDailyBusinessNewsMHProNews

In order to pass a tax reform bill the Senate will need at least some Democrats to be on board. As it stands now, a group of 43 Senate Democrats and two independents have signed a letter laying out their “demands” to see bipartisan tax reform, per Reuters.

There is question as to whether or not Trumps goal of 15 percent is realistic considering the spending cuts that would have to go along with such tax breaks.

The president is prepared to push for as low of a rate as we can get. We’re going to continue to push for that and work for Congress to make sure we get the best deal possible,” White House spokeswoman Sarah Sanders said.

In what is likely an attempt to gain support from the Democrats, Trump has recently agreed to raise the debt ceiling and fund the government through December 8, 2017. Now, he has invited at least three Democrats to a dinner, likely to push for support for the upcoming tax reform bill.

Those invited to dinner with President Trump include Joe Donnelly, Heidi Heitkamp, and Joe Manchin.  Each of those Democrats are in states that President Trump won by a wide margin.

PresidentTrumpSenatorHeitkampCreditWUWMDailyBusinessNews

Featured image credit, WUWM.

No more platitudes. Let’s see some meat on the bone,” Senator John Kennedy said. “You don’t always get what you want. I think there’s a song that says that. But you need to get what you need and that’s where we are. And I‘m tired of screwing around. … The American people are tired of screwing around.” ## (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.

 

Sunday Morning Weekly Recap Manufactured Housing Industry News, September 3 to September 10, 2017

September 10th, 2017 Comments off
SundayMorningWeeklyRecapSept4toSept10ManufacturedHousingIndustryDailyBusinessNewsMHProNews-1

Featured image credit, MHProNews.

Our new September issue is live. Our featured articles will be available on the MHProNews.com home page. Our September theme will be available mid-week this week.

 To see the line-up of over 2-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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Is the President Pivoting to Gain Bi-Partisan Support for Tax Reform?

September 7th, 2017 Comments off
PresidentTrumpSenatorHeitkampCreditWUWMDailyBusinessNews

Featured image credit, WUWM.

If Democrats don’t want to bring back your jobs, cut your taxes, raise your pay and help America win, voters should deliver a clear message,” President Donald Trump said during a speech he made in North Dakota on Wednesday.

Do your job to deliver for America or find a new job. Do something else. Just do something else,” he said.

Tax reform is a high priority for small and big business, including those in manufactured housing.

The president has been making his rounds to promote his signature goal of tax reform. According to left-of-center Politico, he is trying to gain support from Democratic Senators in states he won in the 2016 election.

During his event in North Dakota, President Trump welcomed North Dakota elected officials on stage – including Democratic Senator Heidi Heitkamp.

Heitkamp, who is up for re-election in 2018, reportedly graciously took the stage, smiled, and waved to the crowd.

Senator Heitkamp. Everyone’s saying: What’s she doing up here? But I’ll tell you what: Good woman, and I think we’ll have your support — I hope we’ll have your support. And thank you very much, senator. Thank you for coming up,” POTUS Trump said.

UrbanDIctionaryPresidentOfTheUnitedStates=POTUSDailyBusinessNewsMHProNewsHeitkamp did not speak at the event, and has not formally endorsed the president’s tax plan.  She is interested in seeing the proposals, and passing meaningful tax reform, per the Washington Examiner.

Ask any small-business owner, energy industry worker, farmer or parent in North Dakota about what they think of the current U.S. tax code and they’ll most likely tell you that it’s broken,” Heitkamp said, according to the Washington Examiner.

In a state where Trump won the election by 36 points, with a population who is supportive of tax overhaul, being called out by President Trump could have boosted her chances at being re-elected, says Real Clear Politics.

Or is the more “let’s make a deal,” Trump – gaining leverage with some members of his own party?

Senator Heitkamp even traveled back to Bismark, ND on Air Force One, at the invitation of President Trump.

You can watch the presidents full speech in the video below.

Will Tax Reform Gain Bipartisan Support?

By working together we are going to restore America’s competitive edge,” the president told the crowd at Andeavor Refinery in Mandan, near Bismarck.

Tax reform may be one of few issues that has the potential to gain bipartisan support in Congress, per the Washington Times.

The Daily Business News has reported on another instance of a Democrat who is pushing for common-sense tax reform.

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Featured image credit, MSNBC’s Morning Joe.

U.S. Representative Tim Ryan said on MSNBC’s Morning Joe that “we need to simplify the tax code. I think we need to lower the corporate tax rate. We can’t just be the party of redistribution of wealth. We’ve got to be the party of creation of wealth.”

Benefits to the Economy and the Manufactured Housing Industry

Reform of tax laws would benefit all working-class Americans, but more specifically it will improve the odds for small businesses and entrepreneurs. Getting tax reform passed would also keep, and likely improve, the confidence small business owners have in the Trump Administration.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidenceMembers of the National Federation of Independent Businesses (NFIB), which includes many manufactured housing industry professionals, has been calling on Congress to pass tax reform.

If Congress wants small businesses to invest in the economy, then they must cut taxes and simplify the code,” said Juanita Duggan, President and CEO of the NFIB.

Even more recently, the Daily Business News has reported that the Job Creators Network is on what they are calling the Tax Cuts Now” tour. The tour will span two weeks, and encourages citizens to sign their petition, asking Congress for meaningful tax reform.

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Featured image credit, CPAPracticeAdvisor.

While not a lot has been revealed so far about the president’s tax plan, it is said to create a simpler system, cut taxes for middle-class families, restore the country’s competitive business edge which would create more jobs, and bring profits from major companies back into the U.S.

Tell Congress to stop putting party first and start putting America first. Only then will it happen,” said Mr. Trump. ## (News, analysis.)

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Does the Government have a “Problem with Overspending” Tax Dollars?

September 5th, 2017 Comments off
TaxBreaksReformGovernmentOverspendingCreditCPAPracticeAdvisorDBN

Featured image credit, CPAPracticeAdvisor.

The federal government does not suffer from a lack of revenue; it has a problem with overspending our hard-earned tax dollars,” per an Op-Ed in The Hill contributed by Jonathan Williams and Alfredo Ortiz.

Jonathan Williams is the chief economist at the American Legislative Exchange Council, and Alfredo Ortiz is the president and CEO of Job Creators Network.

In the op-ed that the above quote comes from, Williams and Ortiz are encouraging Republicans to pass the tax reform that President Trump has been promising. They propose that Republicans pass a bill that would address tax breaks for small businesses and middle-class workers, without making big spending cuts as well.

The president is determined to energize the American economy, especially with the necessary tax cuts for job creators – small businesses all across the country who create 70 percent of all new jobs,” Ortiz said in a statement, per Newsmax.

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Image credit, American Legislative Exchange Council.

Job Creators Network will be very vocal and supportive over the coming weeks and months in an all-out effort to ensure small businesses and the country’s hard-working taxpayers get the help they’ve been asking for over so many years.”

Williams and Ortiz suggest that rather than going with a tax reform plan that is based off revenue neutrality, that there would be more success in a plan that was aimed towards deficit neutrality instead.

Revenue Neutrality Vs. Deficit Neutrality

If policymakers adhere to the false revenue neutrality notion that all tax cuts must be matched, dollar for dollar with tax increases so that total revenue stays the same, they create far too many economic losers in the tax reform process and minimize the benefits to the economy. Numerous well-intentioned tax reform efforts have succumbed to that fate,” per The Hill.

They went on to point out that, “Deficit neutral tax changes provide real tax cuts for hardworking taxpayers, and by nature, bring discipline to the spending side of the ledger.”

JonathanWilliamsCreditAmericanLegislativeExchangeCouncilDailyBusinessNews

Image credit, American Legislative Exchange Council.

Advocates of big government will say some federal tax burdens should be increased as a part of “tax reform,” Williams and Ortiz wrote.

However, they go on to point out that academic evidence says otherwise, and that the U.S. Treasury reported that in the first 10 fiscal months of 2017 the federal government collected more than $1.3 trillion.

Fiscal hawks should also be reminded of the fiscal benefits of tax cuts. Keeping more money in communities to be spent on Main Streets and less money shipped off to Washington to be spent on the federal workforce would be a massive economic stimulus.”

They go on to cite a nationwide poll conducted by Job Creators Network, which found that owners of small businesses would use their tax savings to

  • Raise wages,
  • Hire new employees,
  • Or expand their business.

Overall, the economic boost from those tax cuts would end up providing more revenue for the government in the long-run.  That was the case with Democratic President John F. Kennedy’s tax cuts, as well as Republican President Ronald Reagan.

Growing the Public Call for Tax Reform

Job Creators Network is one of the largest grassroots, pro-jobs organizations in the country. They have partnered with Freedom Works for a two weeks-long bus tour as a part of their “Tax Cuts Now” tour, per Breitbart.

During the tour, the goal is to encourage Americans to sign the organizations petition. Signing the petition sends a pre-written letter to Congress, asking them for meaningful tax reform.

Are Republicans Running Out of Time?

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Newt Gingrich and Brad Anderson. Image credits, Wikipedia, Dealerscope, MHProNews.

To regain their legislative momentum and keep their majority, Republicans must clearly demonstrate they are fighting for the country’s hardworking taxpayers. This means passing a major tax cut by Thanksgiving — and making it retroactive to the start of this year,” per a USA Today op-ed by Newt Gingrich and Brad Anderson.

Gingrich is a former speaker of the House, and Anderson is the former CEO of Best Buy and a current member of the Job Creators Network.

Their belief is that if Republicans want to keep control of Congress they absolutely must pass a meaningful piece of legislation that benefits American workers before Thanksgiving this year – with the suggested bill being one on tax reform.

Republicans must get on the offensive now and argue not only that hardworking taxpayers deserve a tax cut but also that tax cuts need only be deficit neutral, not revenue neutral, in order to preempt the inevitable attack from the Congressional Budget Office,” Williams and Ortiz wrote.

Tax reform has been a hot topic again in recent weeks. Democratic U.S. Representative Tim Ryan suggested simplifying tax codes and increasing the Earned Income Tax Credit in order to boost the economy.

There has been even more talk of tax reform since President Trump’s speech in Missouri where he said that he “doesn’t want to be disappointed by Congress.”

The National Federation of Independent Businesses (NFIB) has been calling on tax reform that would benefit small businesses and entrepreneurs for a long time.

Many NFIB members are manufactured housing professionals who understand how simplifying the tax code and reducing the amount paid into taxes will benefit both businesses and consumers.

VPMikePenceNFIBPresidentJunaittaDugganSmallBusinessConfidence

Small business owners and entrepreneurs confidence has been starting to fade with the lack of action on repeal and replace of ObamaCare, the Daily Business News previously reported. Passing a beneficial tax reform bill would certainly be a step in the right direction for the Trump Administration – which must wait on action from Congress on this matter.

We are excited by the Trump Administration’s dedication to the small business owner and the American Dream. If we give tax relief to these job creators we can grow the economy and provide opportunity for millions. These small business entrepreneurs can’t wait any longer. They need tax relief now,” Ortiz said. ## (News, analysis.)

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