Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Subsidies

Trump Administration Tips Its Hand, Oks Third Greek Bailout

This article appeared online at TheNewAmerican.com on Monday, April 17, 2017:

It took EURACTIV, the online source that focuses on European policymaking, to report that the Trump administration has signaled that, previous protestations to the contrary, it won’t object to a third Greek bailout. The anonymous Trump administration tipster told its reporters: “We’re looking for the Europeans to help Greece to resolve its economic problems by the Fund [the International Monetary Fund], despite the criticism of many Republicans regarding the two previous bailout programs in 2010 and 2012.”

This anonymous tip kicks to the curb protestations voiced by Trump’s Secretary of the Treasury Steven Mnuchin in February that

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How Trump Can Accelerate the Failure of ObamaCare

This article appeared online at TheNewAmerican.com on Monday, March 27, 2017:

The seal of the United States Department of He...

With the withdrawal of a House bill to repeal and replace ObamaCare, Market Watch explored the options the Trump administration has to hasten the collapse of the ACA. ThinkProgress has reported that the process has already started.

House Speaker Paul Ryan, in announcing the withdrawal of the bill on Thursday,  said that ObamaCare would remain in place “for the foreseeable future.” He didn’t define that future.

The government healthcare plan is already fraying around its edges. Premiums are rising far beyond original estimates, partly due to the withdrawal of major health insurers UnitedHealth Group, Humana, and Aetna from offering coverages. And those remaining in the market have only until June 21 to submit their bids for offering coverages starting in November. But without certainty, a stable market and a broader pool made up more of healthy customers than those who are sick, those bids are almost certain to push premiums even higher.

Trump’s head of the Department of Health and Human Services (HHS) Tom Price, an opponent of the ACA, has already ordered the ending of the promotion of ObamaCare, which has caused a drop-off of enrollment of 400,000 compared to last year.

In addition,

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ObamaCare is Imploding All by Itself

This article was published by The McAlvany Intelligence Advisor on Monday, March 27, 2017:

The Physician

The best person to ask about ObamaCare is not the patient, but the doctor. He’s the one carrying the burden: trying to help his patients with one hand while trying to manage the requirements of the state with the other. One who knows is Jeffery Barke, M.D., a 54-year-old family practice physician in Newport Beach, California. He not only predicted the collapse of ObamaCare (ACA) but wrote that it was planned that way:

As ObamaCare’s troubles mount, I’ve heard my patients and my peers in healthcare ask: How could the law’s authors not have seen this coming?

 

For my part, I think a different question needs to be asked: What if they did? What if ObamaCare was purposely designed to fail?

 

Every day, it seems like there are a dozen new headlines about the crisis facing ObamaCare. Premiums are rising faster than ever. Meanwhile, health insurance companies are abandoning the law’s exchanges left and right, unable to compete in the top-down, regulation-driven environment created by the law. Less than three years into its implementation, the law has never looked so precarious.

He saw firsthand that ObamaCare never did what it was supposed to do:

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Heritage Foundation Blames Obama Admin. for America’s Economic Decline

This article appeared online at TheNewAmerican.com on Wednesday, February 15, 2017:

The Heritage Foundation minced no words in commenting on its latest Index of Economic Freedom: America’s continuing decline is all Obama’s fault:

America’s standing in the index [now in 17th place, the lowest in history] has dwindled steadily during the Obama years. This is largely owed to increased government spending, [increased] regulations, and a failed stimulus program that enriched the well-connected while leaving average Americans behind.

For the ninth time in 10 years, America’s index has lost ground. Coming in above 80 in 2008, the United States’ current index is barely above 75, tying it with

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The Four “Wild Cards” in Trump’s Handful of Advisors

This article was published by The McAlvany Intelligence Advisor on Friday, November 11, 2016:  

English: Logo of The Goldman Sachs Group, Inc....

Nervous conservatives are looking for signs that the “establishment” – i.e., Goldman Sachs, big banks, the Council on Foreign Relations, George Soros, etc. – having been unable to derail Donald Trump’s march to the presidency, is going instead to infiltrate and insinuate its operatives into the new Trump administration. Many of them remember the successful infiltration and subsequent manipulation of the Reagan administration with the naming of establishment insider James Baker as Reagan’s chief of staff.

At the moment there appear to be four “wild cards” out of the dozens Trump has already invited into his inner circle: Steven Mnuchin, Peter Navarro, John Paulson, and Carter Page.

The first and most obvious one is Steven Mnuchin, the head of Dune Capital Management and former director at Goldman Sachs, where he amassed a personal fortune estimated at more than $40 million as head of the firm’s trading desk. A graduate of Yale,

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Trump Adds to His List of Advisors

This article appeared online at TheNewAmerican.com on Thursday, November 10, 2016:  

English: Deck of cards used in the game piquet

In March, Donald Trump trotted out an early list of foreign-policy advisors on whom he would be relying if he were elected president. In an interview with the Washington Post, Trump said, “I can give you some of the names … Walid Phares, who you probably know, PhD, adviser to the House of Representatives Caucus, and counter-terrorism expert; Carter Page, PhD; George Papadopoulos — he’s an energy and oil consultant, excellent guy; the Honorable Joseph Schmitz, [former] inspector general at the Department of Defense; [retired] Gen. Keith Kellogg; and I have quite a few more.”

In August he added “quite a few more” and then, the day after he was elected, Trump added still more, this time in the economic policy area.

There are at least four “wild cards” in the deck that Trump is building,

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The Tax Foundation’s Big Surprise: Trump’s Tax Plan is Better Than Hillary’s!

This article was published by The McAlvany Intelligence Advisor on Friday, October 21, 2016:  

English: The standard Laffer Curve

The standard Laffer Curve

The Tax Foundation, founded nearly 80 years ago, considers itself non-partisan, guided by what it calls “the principles of sound tax policy, simplicity, transparency, neutrality, stability, no retroactivity, broad [tax] bases and low [tax] rates.” It has steadfastly opposed tax increases of any kind: income, corporate, or excise. Especially annoying are tax “preferences” (i.e., subsidies) for the housing industry and tax credits for certain constituencies (which the Foundation calls “picking winners and losers”).

So it’s no surprise that in its study of Trump’s and Clinton’s so-called “tax plans” the Foundation concluded that Trump’s was vastly superior to Hillary’s:

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Reality Sets In: OPEC Ready to Cut Production to Raise Oil Prices

This article appeared at TheNewAmerican.com on Friday, September 30, 2016:  

Wednesday’s announcement from OPEC about an agreement to cut production to shore up crude oil prices was met with both delight and scorn by observers. Exuded Phil Flynn, senior energy analyst at Price Futures Group:

This is the first OPEC deal in eight years! The cartel proved that it still matters even in the age of shale. This is the end of the “production war” and OPEC claims victory.

Bunk, said David Petraeus, the former CIA director who was forced to resign under a cloud in November 2012 and who subsequently was hired by Wall Street firm Kohlberg Kravis Roberts to chair the firm’s newly created KKR Global Institute:

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Michel Temer, Brazil’s New President, Faces Massive Challenges

This article appeared online at TheNewAmerican.com on Thursday, September 1, 2016:  

English: The newly elected president of the Ch...

Brazil’s new president, Michel Temer

Just after being sworn in as Brazil’s new president, and just before jetting off to the G-20 meeting in China to hobnob with the global elites, Michel Temer took time on Wednesday to make a promise to Brazilians: “From today on, the expectations are much higher for the [new] government. I hope that in these two years and four months [when his term ends in 2018], we do what we have declared: put Brazil back on track.”

That’s an expression more of hope than reality: Little is likely to change except the name of Brazil’s president. Temer faces challenges that would stagger Godzilla:

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Elon Musk’s Conversion from Saint to Sinner

This article was published by The McAlvany Intelligence Advisor on Friday, June 10, 2016:  

English: Tesla Roadster Sport 2.5, the fourth-...

Tesla Roadster Sport 2.5, the fourth-generation Roadster from electric carmaker Tesla Motors Inc.

Once upon a time Elon Musk said he believed in hard work, technology, and some breaks to gain success. He didn’t believe the U.S. government should provide subsidies to companies, and he believed that the free market would provide the “best solution” to such problems as pollution. At the time, Stanford University Professor Fred Turner called him out for being a hypocrite:

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Elon Musk: Once an Entrepreneur, Now a Crony Capitalist

This article appeared online at TheNewAmerican.com on Thursday, June 9, 2016:  

In the early days, Elon Musk (shown above) made his fortune the usual way: by creating products and services that people could use, which they paid for using their own money, to improve their lives. Today, however, he has found a better way: using taxpayer guarantees to help fund his new ventures and reduce his risks while he enjoys the profits if they succeed.

In simple terms, Elon Musk has become a welfare queen on steroids,

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Does Cruz’s Iowa Victory Signal the End of Ethanol Subsidies?

This article appeared online at TheNewAmerican.com on Wednesday, February 3, 2016:  

Texas Senator Ted Cruz’s surprise upset victory over Donald Trump on Monday night just might have set in place a movement to cut and eventually end ethanol subsidies within the next few years. Not only did Cruz push against Trump’s support of those subsidies (Trump played to the enormous vested interests in Iowa favoring continuing them), Cruz also pushed against Iowa’s Governor Terry Branstad. In January Branstad spoke at the Iowa Renewable Fuels Summit:

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GE’s Move to Boston: Corporate Welfare Through Tax Incentives?

This article appeared online at TheNewAmerican.com on Friday, January 22, 2016:  

In his rejoicing last week over the decision by General Electric (GE) — a company employing more than 300,000 employees and with annual revenues of $150 billion — to move its headquarters from Fairfield, Connecticut, to the South Boston Waterfront, Mayor Marty Walsh claimed that his city had just won the lottery:

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House Bill to Lift Crude Oil Export Ban Faces Obama Veto

This article appeared online at TheNewAmerican.com on Monday, October 12, 2015:  

On Friday the House of Representatives succeeded in passing a bill that would lift the 40-year-old ban on exporting crude oil, but failed to get enough votes to overcome the expected Obama veto of the measure, if it gets that far. Twenty-six Democrats joined with 235 Republicans in support of lifting the ban — far short of the 290 votes needed to override the certain White House veto.

The bill now goes to the Senate for consideration. Senate Majority Leader Mitch McConnell hasn’t indicated whether he will bring the bill to the floor. If he does,

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Want a Raise? Work for the Government

This article appeared online at TheNewAmerican.com on Friday, October 9, 2015:  

It used to be that the way to get ahead was to work harder, work smarter, find your passion (à la Tony Robbins), marry the boss’s daughter, or be the boss’s daughter (or son). But, according to the latest study from the Cato Institute, the best way is to “sell your soul to the company store” (apologies, Johnny Cash): Work for the government. Preferably, the federal government.

Since the 1990s, federal government employees have enjoyed greater increases in salary growth than those in the private sector, with federal workers in 2014 earning 78 percent more, according to the latest report from Cato, entitled “Downsizing the Federal Government.”

In 2014, based on numbers provided by the U.S. Bureau of Economic Analysis (BEA), the average federal worker in 2014 made

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Like a Zombie, the Export-Import Bank is Threatening to Come Back to Life

This article was published by The McAlvany Intelligence Advisor on Wednesday, September 9, 2015:  

The movie White Zombie, a horror film in 1932 starring Bela Lugosi, featured zombies as mindless, unthinking henchmen under the spell of an evil magician. The Export-Import Bank doesn’t quite fit the definition, but it’s close.

Crafted by socialists surrounding FDR in 1934 and given life by an executive order, Ex-Im was granted permanent status as an agency in 1945. It has been repeatedly, endlessly, mindlessly resurrected almost 20 times since then, until the end of June.

Since then pressure has been building among its crony beneficiaries

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Push to Restart Ex-Im Bank Begins

This article appeared online at TheNewAmerican.com on Tuesday, September 8, 2015:  

Seal of the Export-Import Bank of the United S...

With the reconvening of Congress this week, pressure on politicians to restart the Export-Import Bank is predictably coming from the usual suspects: large corporations who have enjoyed the U.S. taxpayer guarantees that have reduced their own costs and risks of doing business overseas. Without those taxpayer subsidies, they’ve been forced to adjust to the realities of the marketplace, and they don’t like it.

Boeing officials are lamenting that the Ex-Im Bank is no longer insuring loans to its customers who can’t find regular financing on their own:

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Export-Import Bank’s Charter Expires, for the Moment

This article appeared online at TheNewAmerican.com on Wednesday, July 1, 2015: 

English: Export-Import Bank of the United Stat...

Visitors to the Export-Import Bank’s website on Wednesday would have found a terse notice that its charter had “lapsed” effective midnight, June 30, meaning that “the Bank and any of its delegated authority lenders cannot authorize any new transactions.” However, the bank is likely to have a very long life even after its death:

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Pelosi Reacts to CBO Report Before Reading it

This article was published by the McAlvany Intelligence Advisor on Monday, June 22, 2015: 

Former Speaker of the House Nancy Pelosi (D-Calif.) was one of the first to react to the report just released by the Congressional Budget Office (CBO) on Friday. She was so quick to comment that there was suspicion she had had no chance to read it. When the details behind the report came out, that suspicion was confirmed.

The House member most responsible for garnering the 219 votes needed in the House in March 2010 to pass ObamaCare – the Affordable Care Act, or ACA – is remembered for her comment made during a 20-minute speech just prior to passage:

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CBO Issues Ambiguous Report on Impacts of Repealing ObamaCare

This article first appeared online at TheNewAmerican.com on Monday, June 22, 2015: 

On Friday the Congressional Budget Office, the nonpartisan government agency that is tasked with predicting economic and budgetary impacts of various government programs, issued its analysis of what would happen if ObamaCare (the misnamed Affordable Care Act) were repealed. Its first questionable assumption was that it would be totally repealed effective January 1, 2016.

Its ambiguous, halting, and heavily discounted conclusions served as fodder for the statist media such as CNBC and NBC to warn of huge deficit increases if the socialized medical care program were repealed. NBC headlined a disaster ahead:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.