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kscarbel2

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Posts posted by kscarbel2

  1. Former Commerce Secretary Wilbur Ross says:

    “There’s tariff policy, tax reform, regulatory reform. Trump needs the whole package to work. He has a complicated mosaic that he has to put together and he’s got to get it done very quickly. 
    Ross is personally optimistic that the Administration is addressing issues that matter.
    He’s also optimistic about the impact of Elon Musk, saying “I can’t wait until he gets to the IT environment. In Commerce, we had 72 different IT systems, no two of which could talk with each other and most of them were from the 70s and 80s. It’s the world’s largest service business that’s using archaic equipment. Musk, I’m sure, is going to address that but he’s wisely doing the easier things first. My own view is that he’s going to find far less corruption than he thinks but plenty of waste.”

     

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  2. President Trump will revoke the temporary legal status of 530,000 Cubans, Haitians, Nicaraguans and Venezuelans in the US.

    Effective April 24, the action cuts short a two-year "parole" granted to the migrants by Biden that allowed them to enter the country by air if they [allegedly] had US sponsors.

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  3. Is the White House trying to engineer a recession?

    They keep saying the U.S. economy will experience a "period of transition". That sounds more and more like a planned recession.

    During a recession, economic activity slows and unemployment rises. When consumers spend less, the demand for goods and services falls. Prices then drop and inflation falls.

    And one may expect turmoil in the stock market, and possibly a crash (which is the ideal time to buy).

    Creating a recession to fix the ills quickly is alike nuking a weed-filled yard with Round-up and reseeding to get a new yard in a short time frame, rather than using selective fertilizers for three years with incomplete results.

  4. I'm shocked that Boeing won the competition, given it's continuing display of aircraft design and manufacturing incompetence. I would have expected the Skunk Works (Lockheed Martin) to deliver the best 6th gen aircraft design.

  5. After a wild month for the U.S. stock market, investors have one more potential obstacle to overcome before the weekend. Today, options contracts tied to more than $4.5 trillion in stocks will expire during the latest quarterly “triple-witching” event.

    Calculations to determine the notional value of these contracts can vary, but Goldman Sachs puts the figure at $4.7 trillion, based on values as of Wednesday’s close.

    • Like 1
  6. Billionaire financier Commerce Secretary Howard Lutnick's standing in the administration has fallen in recent weeks after he caused the stock market plunge following tariff threats. 

    Lutnick is disliked by the president's allies in the banking sector.

    "Lutnick is in one of two places, he's either on TV or he is in the Oval Office. Trump's friends on Wall Street have called him directly and said Lutnick should not be talking about the economy, get him off TV."

    Financial leaders have told Trump that Lutnick doesn't understand tariffs and that the president should rein him in and ban him from doing further interviews.

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  7. House Representative Brandon Gill (R-TX) has filed Articles of Impeachment against Judge James E. Boasberg, appointed by Obama, after he issued a temporary restraining order blocking President Trump from using the Alien Enemies Act to deport illegal alien gang members.

    Over the weekend, the President invoked the Alien Enemies Act to begin deporting hundreds of illegal alien gang members with Tren de Aragua and the MS-13 gangs, both of which are now designated as terrorist organizations.

    The left-wing American Civil Liberties Union (ACLU) and Soros-linked Democracy Forward sued the Trump administration on behalf of 5 illegal alien gang members to stop the deportations, though planes of nearly 300 gang members had already taken off for El Salvador.

    Boasberg issued a temporary restraining order blocking the Trump Administraton from using the Alien Enemies Act to deport illegal alien gang members.

    House Representative Brandon Gill says Boasberg’s order is “illegal and unconstitutional” and announced Articles of Impeachment against the federal judge whose family has deep ties to Democrats.

    “The purpose of Judge Boasberg’s unconstitutional ruling is to tie up President Trump’s time and resources in litigation, stopping him from executing on the democratic mandate voters gave him,” Gill wrote. “The ruling is a fundamental attack on our democratic system.”

    “Judge Boasberg directing deportation flights to turn around midair and return to the United States is tantamount to a Circuit Court Judge directing troop movements abroad or directing the Executive how to conduct foreign policy. It’s illegal and unconstitutional. Time to impeach,” Gill wrote, posting the Articles of Impeachment:

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