The Trump Card: VETO

As Trump moves forward to become President of the United States(POTUS), you’d think that things were chaotic in DC.  Nothing could be further fro the truth.  Yes there are some that are getting their feathers ruffled(and that is a good thing).

If you want to see if Trump is actually draining the swamp in DC, watch just how many times he uses his Veto Power.  Because if Congress is not getting vetoed legislation sent back to them, then you will know that the Swamp is not being drained.

Yes, the Veto can be overridden.  But that takes compromise among those under the Capital Dome.  And we have not seen that sort of cooperation for decades.  Instead we have had the majority run over the minority not based on solid ideas and concepts, but on sheer force.

Trump can change that quickly and effectively.  Trump, hopefully, will not have favorite stooges under the Capital Dome.  Hopefully, he will spread out who he goes to to push forward valuable legislation.

Most importantly, Trump can Veto the thousands of Executive Orders put forth by Obama and Company, and do so quickly.  Trump, who feels precedent has no value whatsoever, will do more the first week by reversing the bad choices of Obama, than any other POTUS in modern history.

And that is a good thing.

The Great Billboard Controversy of Johns Creek

For several years now the interests of the Johns Creek residents have been growing in their desire to  both understand and participate in how their closest level of government-their city government- functions.

And, what many of have seen has not been exactly what we had hoped for.  Voter apathy has been mentioned often in City Council Meetings.  Lack of citizens showing up at City Hall for Council Meetings was evident.  City Council members tired of the same citizens making public comments.

Yet over the last three years there have been several events that have awakened the public, and coupled with more ways to have conversations (such as the Johns Creek Post and NextDoor) the genie is out of the bottle.  Public scrutiny is going to only grow. Continue reading

Johns Creek: It’s In Your Best Interest to Stop TSPLOST

The vote Johns Creek residents will take on the TSPLOST 0.75% tax is critical to understand.

Voters are being presented with the opportunity to raise the taxes on themselves, which will effectively increase the spending and size of the Johns Creek City government by 29.7%.  That is not insignificant. Continue reading

Goodbye Ted Cruz

I could have supported Cruz in the beginning.  I am a firm believer in the US Constitution and believe 99% of or social and economic problems disappear by strictly following it.

Cruz had the opportunity to show his true character and the more I heard the more frazzled his belief seemed to me.

I am not fooled.  Trump is not the answer to what ails us.  But he is the best hope for a connecting road to the right path.  Because you have to destroy the power structure that has been in the Republican Party for all these decades that have sold us out left and right.

With a clear and consistent set of principles, the Democrats would fade off into history.  They have no principles other than calling everything hate and enabling class warfare.

So I do not expect Trump to the Promised Land.

That is up to you.  If you continue to support the Congressmen and Senators you always have, then NOTHING changes.

Vote out Ryan for starters.

Vote against the rest of those that compromised us to where we are today.  Even if they do not lose this election they need to be scared as hell that they will lose the next.  And for Representatives, that is just 2 years and six months away.

Send a clear message.  The frustration does not just rest ay 1600 Pennsylvania Avenue.

It’s the whole damn lot of them.

(*) Local Option Sales Taxes- How We Are Ripping Ourselves Off

Chances are, you have cast votes on more than one occasion to tax yourself via sales tax for education. traffic or other local projects.  Chances are, you, like many others, felt it was just a penny here and there, and chances are you bought into the notion that others from outside your jurisdiction would also be paying the tax, which is a win-win for all but those outside of your community.

tax dollars

And chances are, you’d be wrong. Continue reading

Play or Pay: How We Are Subject to TSPLOST Extortion

Cities in Fulton County are being held up at legislative gunpoint in Fulton County, Georgia, and if they do not play along with how the rules have been written by the State Legislature, their constituents will pay the price.

Cities within Fulton County (I live in Johns Creek) are required to either get on board with a Transportation Local Option Sales Tax (TSPLOST) or run the risk of having the TSPLOST passed in the fall of 2016, and their jurisdictions be subject to the tax and receive nothing. Continue reading

The Right to Bear Arms Vs. Property Rights

In a story today at Breitbart News (link below), a District Judge has stated that your right to defend yourself does not start only at your door.

It’s always good when a judge affirms what most of us already agree with.  But here is where it becomes tricky.

Do your constitutional rights go with you wherever you go, or do they end when you enter property not owned by yourself and not government property?  Are your rights merely extended to you on your own property, in essence?


 

Continue reading

Earnings Crush(ed)

Total Earnings by quarter Up Same Down $952.48 $972.31 $999.32 $983.51 $1,099.24
QTR Change % year over year 49.94% 810 45 767 -13.35% -10.39% -2.96% 3.52% 11.25%

Here’s the pivotal point I have been watching for on the economy.  Less than 50% of the companies listed in the Valueline Index made more money for their most recently reported quarter than they did one year ago.  And the steepness of that drop is severe.

For the most recent data I have, companies earned $952.48 on a per share basis.  That is down from the same period of a year ago of $1,099.24 on a per share basis.

The most recent quarter was also the worst of the last four quarters.

On average, the stocks made 13.35% less in income per share than they did one year ago.  This means that adding up all the stocks that made more than they did a year ago and all the ones that made less than they did a year ago, and the total is down a whopping 13.35%.

Do you think those businesses will be expanding for the rest of the year?  Or fighting for survival?

I have not seen this indicator of mine turn negative since the last recession.  It’s not a normal event, and it indicates that there is something wrong with this economy.

The regulatory and tax burdens faced by American businesses are crushing the bottom line.  Obamacare is crushing the bottom line.

The Federal Reserve, with rising fuel prices year over year, and low unemployment(thanks to a plethora of low paying part time waiter and bartender jobs) will have no choice to but to raise rates at least once more this year.

Those rate increases, which will affect the refinancing of the the debt that American corporations hold at record levels, will decimate the bottom line even further.

These are not one time or one off events.  This is the cost of doing business in the United States today.

Further compounding the bleak picture is the outlook going forward.

Dow 30 Profits Analysis 20160517

 

2012 2013 2014 2015 2016 2017 2021
Dow 30 Total Profits(millions) $347,711 $341,897 $351,263 $326,459 $319,660 $351,990 $469,760
Change $24,953 -$5,814 $9,366 -$24,804 -$6,799 $32,330 $143,301
% YOY 7.73% -1.67% 2.74% -7.06% -2.08% 10.11% 40.80%

Above is an analysis of the profits of the DOW 30 Industrials in total dollars earned.

The year 2015 was the worst  since the year 2011.  Adding icing to that cake is the forecast that 2016 will be worse than 2015.

The year 2017 will get us back to the performance we saw in the year 2014.  We have lost years of economic performance gains while the Federal Reserve Bank has constantly told us that we had an improving US economy.

Do the numbers in the table above appear to indicate that our economy has been improving?

Not even close.

The US economy is dead in the water, and is taking on water.  The forecasts for future years are way too optimistic in my view, and there is no economic stimulus available, other than reducing regulations and cutting taxes that will get this economy moving again in a healthy manner.

Prepare accordingly.