Sometimes reality shines through even in Cuba.
Not that astonishing to us. But it is still nuts.
Ah yes. Junket jets.
This is a legitimate beef. We often criticized Obama for “living rich” on the taxpayer’s dime. Trump’s travel costs should be subject to the same scrutiny.
Surprise, surprise, Trump calls out Lockheed for cost overruns on the F-35 and the Military Industrial Complex freaks out. Trump is mistaken we are told. The Pentagon asserts that the F-35 is actually a good deal for the taxpayers.
“Please don’t fine my owner.”
“You see…Vee have noticed that you’ve been buying quite a lot of dog food recently…Now vee can do this the easy vay or the hard vay…Where is the dog? And do you have a license? Please check in with with the local pet commissar immediately.”
Give students free money and the colleges will take it. Then they’ll raise prices. Then the students go and get more money from the government (taxpayers) and give it to the colleges again who then raise their prices. Rinse and repeat.
David Stockman and the co-Founder of ACC Hunter Lewis have both long talked about this thing that CNBC says “no one” is talking about.
Our debt has ballooned under Obama but we’ve been able to service this debt at ultra-low rates. However rates don’t stay low forever, even and perhaps especially when it feels like they will. When rates move up just a bit the cost of servicing our debt is going to increase big time. That will put significant pressure on the economy.
When life gets expensive people stop going to Outback. I think Confucius said that.
Add the political pressure to raise minimum wages and things don’t look so good for restaurants right now.
Obama does not get business. He is a product of prep-school and then found his way into Columbia and Harvard. Then he became a “community organizer” in the Saul Alinsky tradition in Chicago. Then he became a politician. He hasn’t spent any time in the world in which most Americans live.
Indeed Obama has been downright hostile to commerce and the private sector since the beginning of his presidency. Remember the “you didn’t build that”
Much of this is driven by crony zoning policy.
That’s with a T.
The entire economy of the USA is estimated to be around 18 trillion annually.