New Jobs – The Tally So Far

One of the things President Trump said he would focus on is jobs. He started on that even before we was sworn into office. I’m going to work to keep that information posted on this blog. If I miss an update, please feel free to send a link to a news update to aretheykidding@gmail.com and put “New Jobs” in the subject line or something similar that will catch my attention.

Here’s where we are so far and if I miss any – share others in the comments and I’ll add them. Definitely want to be sure to give the president and his administration credit for their work AND their accomplishments.

  • 2/08/2017: Intel pledged $7 billion investment in Arizona, creating 10,000 jobs!
  • 01/17/2017: GM pledges $1 billion in manufacturing to create 1,500 new jobs (see #10 below)
  • 12/28/2016: Sprint and OneWeb announces it’s creating and saving 8,000 jobs (see #6 below)
  • 11/29/2016: Carrier pledges to create 1,000 new jobs (see #8 below)

This is from an article from one of my favorite Economic blogs

The following are 10 companies that have promised to add jobs in the United States since the election of Donald Trump…

#1 Kroger says that it intends to fill 10,000 permanent positions in the United States this year.

#2 IBM has announced that it will be hiring an additional 25,000 workers in the United States over the next four years.

#3 Foxconn is considering setting up a 7 billion dollar plant in the United States that would create between 30,000 and 50,000 jobs.

#4 Amazon.com has pledged to add 100,000 full-time jobs in the United States by mid-2018.

#5 Wal-Mart has announced that it plans to add approximately 10,000 retail jobs in the United States in 2017.

#6 Sprint has announced that 5,000 jobs will be brought back to the United States instead of going overseas.

#7 After meeting with Trump, the CEO of SoftBank stated his intention to create 50,000 new jobs in the United States.

#8 After a phone call from Trump, industrial manufacturing giant Carrier promised to keep hundreds of jobs in the United States instead of moving them out of the country.

#9 Hyundai has promised to spend 3.1 billion dollars supporting their current factories in Georgia and Alabama, and they have said that they are now considering adding an additional factory in the United States as well.

#10 GM has pledged to invest a billion dollars in U.S. factories and to add or keep 7,000 jobs in the United States.

(Check the links above for articles with more details.)

President Trump’s Inaugural Speech

Today President Donald Trump was sworn into office and I’d like to share the content of his inaguration speech. It was unique and is definitely worth sharing –

Chief Justice Roberts, President Carter, President Clinton, President Bush, President Obama, fellow Americans, and people of the world: Thank you.
We, the citizens of America, are now joined in a great national effort to rebuild our country and to restore its promise for all of our people.
Together, we will determine the course of America and the world for years to come.
We will face challenges. We will confront hardships. But we will get the job done.
Every four years, we gather on these steps to carry out the orderly and peaceful transfer of power, and we are grateful to President Obama and First Lady Michelle Obama for their gracious aid throughout this transition. They have been magnificent.
Today’s ceremony, however, has very special meaning. Because today we are not merely transferring power from one administration to another, or from one party to another — but we are transferring power from Washington, D.C. and giving it back to you, the American People.
For too long, a small group in our nation’s Capital has reaped the rewards of government while the people have borne the cost. Washington flourished — but the people did not share in its wealth. Politicians prospered — but the jobs left, and the factories closed.
The establishment protected itself, but not the citizens of our country. Their victories have not been your victories; their triumphs have not been your triumphs; and while they celebrated in our nation’s capital, there was little to celebrate for struggling families all across our land.
That all changes — starting right here, and right now, because this moment is your moment: it belongs to you.
It belongs to everyone gathered here today and everyone watching all across America. This is your day. This is your celebration. And this, the United States of America, is your country.
What truly matters is not which party controls our government, but whether our government is controlled by the people. January 20th 2017, will be remembered as the day the people became the rulers of this nation again. The forgotten men and women of our country will be forgotten no longer.
Everyone is listening to you now.
You came by the tens of millions to become part of a historic movement the likes of which the world has never seen before. At the center of this movement is a crucial conviction: that a nation exists to serve its citizens.
Americans want great schools for their children, safe neighborhoods for their families, and good jobs for themselves. These are the just and reasonable demands of a righteous public.
But for too many of our citizens, a different reality exists: Mothers and children trapped in poverty in our inner cities; rusted-out factories scattered like tombstones across the landscape of our nation; an education system flush with cash, but which leaves our young and beautiful students deprived of knowledge; and the crime and gangs and drugs that have stolen too many lives and robbed our country of so much unrealized potential.
This American carnage stops right here and stops right now.
We are one nation — and their pain is our pain. Their dreams are our dreams; and their success will be our success. We share one heart, one home, and one glorious destiny.
The oath of office I take today is an oath of allegiance to all Americans.
For many decades, we’ve enriched foreign industry at the expense of American industry; subsidized the armies of other countries while allowing for the very sad depletion of our military; we’ve defended other nation’s borders while refusing to defend our own; and spent trillions of dollars overseas while America’s infrastructure has fallen into disrepair and decay.
We’ve made other countries rich while the wealth, strength, and confidence of our country has disappeared over the horizon.
One by one, the factories shuttered and left our shores, with not even a thought about the millions upon millions of American workers left behind.
The wealth of our middle class has been ripped from their homes and then redistributed across the entire world.
But that is the past. And now we are looking only to the future. We assembled here today are issuing a new decree to be heard in every city, in every foreign capital, and in every hall of power.
From this day forward, a new vision will govern our land.
From this moment on, it’s going to be America First.
Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families. We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs. Protection will lead to great prosperity and strength.
I will fight for you with every breath in my body — and I will never, ever let you down.
America will start winning again, winning like never before.
We will bring back our jobs. We will bring back our borders. We will bring back our wealth. And we will bring back our dreams.
We will build new roads, and highways, and bridges, and airports, and tunnels, and railways all across our wonderful nation.
We will get our people off of welfare and back to work — rebuilding our country with American hands and American labor.
We will follow two simple rules: Buy American and hire American.
We will seek friendship and goodwill with the nations of the world — but we do so with the understanding that it is the right of all nations to put their own interests first.
We do not seek to impose our way of life on anyone, but rather to let it shine as an example for everyone to follow.
We will reinforce old alliances and form new ones — and unite the civilized world against radical Islamic terrorism, which we will eradicate completely from the face of the Earth.
At the bedrock of our politics will be a total allegiance to the United States of America, and through our loyalty to our country, we will rediscover our loyalty to each other.
When you open your heart to patriotism, there is no room for prejudice. The Bible tells us, “How good and pleasant it is when God’s people live together in unity.”
We must speak our minds openly, debate our disagreements honestly, but always pursue solidarity.
When America is united, America is totally unstoppable.
There should be no fear — we are protected, and we will always be protected.
We will be protected by the great men and women of our military and law enforcement and, most importantly, we are protected by God.
Finally, we must think big and dream even bigger.
In America, we understand that a nation is only living as long as it is striving.
We will no longer accept politicians who are all talk and no action — constantly complaining but never doing anything about it.
The time for empty talk is over. Now arrives the hour of action.
Do not let anyone tell you it cannot be done. No challenge can match the heart and fight and spirit of America.
We will not fail. Our country will thrive and prosper again.
We stand at the birth of a new millennium, ready to unlock the mysteries of space, to free the Earth from the miseries of disease, and to harness the energies, industries and technologies of tomorrow.
A new national pride will stir our souls, lift our sights, and heal our divisions.
It is time to remember that old wisdom our soldiers will never forget: that whether we are black or brown or white, we all bleed the same red blood of patriots, we all enjoy the same glorious freedoms, and we all salute the same great American Flag.
And whether a child is born in the urban sprawl of Detroit or the windswept plains of Nebraska, they look up at the same night sky, they fill their heart with the same dreams, and they are infused with the breath of life by the same almighty Creator.
So to all Americans, in every city near and far, small and large, from mountain to mountain, and from ocean to ocean, hear these words:
You will never be ignored again.
Your voice, your hopes, and your dreams will define our American destiny. And your courage and goodness and love will forever guide us along the way.
Together, We will make America strong again.
We will make wealthy again.
We will make America proud again.
We will make America safe again.
And yes, together, we will make America great again. Thank you. God bless you. And God bless America.

Obama Death Blow to the Coal Industry?

Obama has made no secret of the fact that he wants to kill off the coal industry – he wants to end the use of fossil fuels of any kind and replace them with “green energy”. The potential “costs” to the taxpayers is of no consequence to him – like everything else, his ideology and fulfilling his ideals is the only thing that matters. It will be interesting to see if that changes now that he won’t be “playing” with our money anymore.

In his rush to do as many things before this time in office ends – he has another order that goes into effect mere hours before he is gone. This one could have a major impact on the coal industry IF Congress cannot gather the votes to overturn it. And if Congress can collect the votes, I’d bet our new president, would be very happy to veto this one –

Capozzola: Obama Issues Last-Minute Rule, Wants to Finish Off U.S. Coal Industry

In a rather vindictive move, his Interior Department’s Office of Surface Mining (OSM) is out with a broad new “stream rule” that could potentially designate as much as two-thirds of U.S. coal reserves off-limits to mining. In fact, a study of the rule suggests that at least one-third of America’s remaining coal jobs could be put at risk due to the restrictive nature of the rule.

The president has certainly chosen one heck of a last-minute Christmas present. The rule will actually take effect exactly one day before Donald Trump’s inauguration—thereby imposing a very late obstacle to the new administration’s quest to craft a more pragmatic energy policy.

The full text of the new regulation clocks roughly 1,640 pages. And despite OSM’s legal obligation to consult with state agencies, the final rule was drafted without the input of key mining states. What’s particularly troubling is that the regulation simply duplicates the existing oversight already being conducted by the Environmental Protection Agency, the Army Corps of Engineers, the Fish and Wildlife Service, and various states agencies.

Significantly, the actual language being proffered by OSM suggests that the minutiae of the rule is happily intended to kill off the nation’s coal industry. OSM says the rule will “result in the protection or restoration of 22 miles of intermittent and perennial streams per year.” Essentially, the rule bans mining within 100 feet of these streams, which establishes a fairly broad mandate since intermittent streams are one of the typical features of almost every wooded area in North America.

Read the full post here – http://www.breitbart.com/big-government/2016/12/22/president-obama-issues-last-minute-rule-wants-to-finish-off-u-s-coal-industry/

Last Minute Obama Civil Rights Appointments

I think the majority of people who consider themselves to be on the right, independent and conservative and even some left leaning individuals are aware that many things in the “news” are simply distractions. They are being ginned up to distract us by last minute things that are being done and put in place before the Trump administration takes over in Washington. Before the Obama admiistration loses its stranglehold on the American people.

A few examples are

But maybe this is one of the worst, of course, with Obama, how do you gauge – worst? Here are some excerpts from the Daily Caller article. I’ll provide links to several articles below –

Media Blackout On Obama’s Last-Minute Civil Rights Appointments

Liberal news outlets like The New York Times, The Washington Post and CNN are keeping their readers in the dark about two aggressive appointments to the U.S. Commission on Civil Rights made by President Obama with just weeks remaining in his presidency.

In addition to questions surrounding the appointees themselves, the move by Obama effectively blocks President-elect Donald Trump from any appointments to the eight-person commission until 2020, when Trump would be up for re-election.

One of the appointees is Debo Adegbile, who was previously nominated to the Department of Justice’s Civil Rights Division but was blocked by a bipartisan group of senators due to his defense of former Black Panther and convicted cop killer Mumia Abu-Jamal. Unlike that nomination, Adegbile’s appointment — which pro-police groups have described as a “slap in the face” — does not require congressional approval.

The other appointee is Catherine Lhamon, the assistant secretary for civil rights at the Department of Education, who spearheaded the Obama administration’s transgender mandate currently the subject of litigation. Lhamon has close ties to left-wing activists and played a key role in the infamous Rolling Stone rape hoax.

The two appointments will each last for six years.

Liberal media organizations like the Washington Post, New York Times and CNN have nevertheless kept their readers in the dark.

Read more: http://dailycaller.com/2016/12/20/media-blackout-on-obamas-last-minute-civil-rights-appointments/#ixzz4TUItAXos

Another perspective on these appointments –
https://www.conservativereview.com/commentary/2016/12/unelected-cop-killer-apologist-is-part-of-obamas-final-push-to-trump-proof-the-white-house

 

35 Percent Of Americans Are At Least 180 Days Past Due

Many of us have found the last eight years to be very tough financially – I had a record year in my business 7 years ago. The following year, things started to slow down and things have been tougher each year since then.  After a major health crisis last year which quite literally decimated my small business – I’ve had to struggle to keep even more than normal to pay every bill. Its truly crazy to have to struggle so much and I’m very aware that I’m not alone in this struggle. The statistics in the following article were definitely eye opening and I had to share it. Please take a few minutes to read it – I’ve been watching the election coverage and the rallies. The idea of creating jobs, rebuilding a strong America and finally increasing our economy is music to my ears —

Drowning In Debt: 35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due

More than a third of all Americans can’t pay their debts.  I don’t know about you, but to me that is a shocking figure.  As you will see below, 35 percent of the people living in this country have debt in collections.  When a debt is in  collections, it is at least 180 days past due.  And this is happening during the “economic recovery” that the mainstream media keeps touting, although the truth is that Barack Obama is going to be the only president in United States history to never have a single year when the economy grew by at least 3 percent.  But at least things are fairly stable for the moment, and if this many Americans are having trouble paying their bills right now, what are things going to look like when the economy becomes extremely unstable once again.

The 35 percent figure is a nugget that I discovered in a CNN article about Detroit that I was reading earlier today

And the city’s troubles have left a mark on the financial stability of its residents in a big way, according to a new report from the Urban Institute.

About 66% of residents have debt in collections — meaning more than 180 days past due — at a median amount of $1,847. Across the U.S., 35% of Americans have debt in collections.

It is hard to believe that 66 percent of the residents of one of our largest cities could have debt in collections, but without a doubt the city of Detroit is a complete and utter economic wasteland at this point.

But to me, the 35 percent figure for the nation as a whole is a much greater concern.

And much of the debt that is in collections is credit card debt.

In the immediate aftermath of the last financial crisis, many Americans started getting out of debt, and that was a very good thing.

Unfortunately, that trend has completely reversed itself over the past few years, and now credit card balances are rising at a pace that is quite alarming

Using data from the U.S. Census Bureau and the Federal Reserve, ValuePenguin found that the average credit card debt for households that carry a balance is a shocking $16,048 — a figure that has risen by 10% over the past three years. At the average variable credit card interest rate of 16.1%, this translates to nearly $2,600 in credit card interest alone. And many credit cards have interest rates much higher than the average.

Even scarier, consider that based on the average interest rate and a minimum payment of 1.5% of the balance, it would take nearly 14 years for the typical indebted household to pay off its existing credit card debt, at a staggering cost of more than $40,200. Keep in mind that this assumes no additional credit card debt is added to the tab along the way.

Those that have been there know exactly how it feels to be drowning in credit card debt.

You know, they don’t teach you about credit cards in high school or in college.  At least they didn’t in my day.  So once I got out into the “real world” and discovered the joy of instantly getting whatever I wanted with a credit card, I didn’t understand how painful it would be to pay that money back someday.

If you have credit card balances that are out of control, they can keep you up late into the night.  The worry and the fear can eat away at you like a cancer, and many people play a game of moving balances from one card to another in a desperate attempt to stay afloat.

Fortunately I learned my hard lessons at an early enough age to get things turned around.  Now I warn others about the danger of credit card debt through my writing, and my hope is that the things that I share on my websites are doing some good for others that may be struggling financially.

When you are deep in debt, it is exceedingly difficult to build up any wealth of your own.  This is one of the primary reasons why 69 percent of all Americans have less than $1,000 in savings today.

In essence, more than two-thirds of the country is living paycheck to paycheck, and that is a recipe for disaster when the next major economic downturn in the U.S. strikes.

Overall, household debt in America has now reached a grand total of 12.3 trillion dollars.  When you break that down, it comes to $38,557 for every man, woman and child in the entire nation.

So for a family of five, your share of that total would be $192,785.

And remember, that is just household debt.  That total does not include any form of business debt or any form of government debt.

We truly are a “buy now, pay later” society.  We were the wealthiest and most prosperous nation on the entire planet, and previous generations handed us the keys to the greatest economic machine in world history, but that wasn’t good enough for us.

We always had to have more, more, more – and now we have accumulated more debt than any society in the history of the globe.

It is inevitable that this giant debt bubble is going to burst.  Anyone with an ounce of common sense can see that.

What we experienced in 2008 was just a preview of the hard times that are coming.  The next recession is going to be even worse, and most economists are convinced that it will happen within the next four years no matter who is elected president in November.  The following comes from the Wall Street Journal via the Calculated Risk blog

Economists in The Wall Street Journal’s latest monthly survey of economists put the odds of the next downturn happening within the next four years at nearly 60%.

Just like the last time around, millions of those that are “living on the edge” financially will fall out of the middle class and into poverty when they lose their jobs.

Hopefully most of you that have been reading my work for an extended period of time have already been getting out of debt and have been building up a financial cushion.

Sadly, most of the country continues to act as if they are living in a pre-2008 world, and the economic wake up call that is coming is going to be incredibly painful for those that thought they could get away with being exceedingly reckless financially.

Originally posted on the Economic Collapse Blog – http://theeconomiccollapseblog.com/archives/drowning-in-debt-35-percent-of-all-americans-have-debt-that-is-at-least-180-days-past-due