For his infrastructure plan, the goal is to give tax credits for private companies to invest in public works.
The problem with that is that most of those ventures won't be profitable even with tax credits. So the government is going to end up having to pay for most of it one way or another.
oh well, nobody even cares.
Wonder who the dissenters will be. Very tough to break ranks from your own parties new President.
The problem with that is that most of those ventures won't be profitable even with tax credits. So the government is going to end up having to pay for most of it one way or another.
oh well, nobody even cares.
Wonder who the dissenters will be. Very tough to break ranks from your own parties new President.
trump is gonna use his mad business skills to make federal government spending more efficient.. just watch! Lol
all empires fail eventually as they become to large bloated and corrupt.. we just watching that in slow motion .. nothing we can do about it inevitable.. up to 270 years and counting so far..
all empires fail eventually as they become to large bloated and corrupt.. we just watching that in slow motion .. nothing we can do about it inevitable.. up to 270 years and counting so far..
Trump = obama ... both hope and changey candidates that are anything but...
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[h=1]Team Trump is already filled with Washington insiders[/h][COLOR=rgba(0, 0, 0, 0.65098)]
[/COLOR]
Washington (CNN)To shape his administration, President-elect Donald Trump is drawing squarely from the "swamp" he has pledged to drain.
Trump's transition team is staffed with long-time Washington experts and lobbyists from K Street, think tanks and political offices.
It's a far cry from Trump's campaign, which ended only Tuesday night, and message that he would "drain the swamp" in Washington. He has advocated congressional term limits and proposed a "five-point plan for ethics reform" that included strengthening restrictions on lobbying, including five-year bans for members and staff of the executive branch and Congress from lobbying, and expanding the definition of lobbyist to prevent more revolving door activity.
But he has so far fully embraced lobbyists within his transition, and all signs point to a heavy influence from longtime Washington Republican circles on his transition. And with Trump mostly skipping detailed policy proposals during his campaign, they can have a powerful impact on his agenda.
[COLOR=rgba(0, 0, 0, 0.65098)]
[/COLOR]
Leaders in his transition include former Rep. Mike Rogers, former Reagan Attorney General and Heritage Foundation fellow Edwin Meese, former President of Heritage Edwin Feulner, former Bush administration official and lobbyist Christine Ciccone, former Dick Cheney adviser Ado Machida, former Senate Budget Committee staffer Eric Ueland and former Sen. Jeff Sessions' chief of staff Rick Dearborn. The effort is chaired by New Jersey Gov. Chris Christie and Trump counts former New York Mayor Rudy Giuliani, former House Speaker Newt Gingrich and Sessions as close advisers.
Lower level staffers assigned with crafting different departments are also heavily drawn from K Street, the center of lobbying in Washington, and congressional staff, according to a staff organizational chart obtained by CNN.
Welcome to Trump's America
Sources close to the operation say Sessions and the conservative Heritage Foundation have had a strong role in shaping the transition, in addition to staffers from the Bush administration, K Street and Capitol Hill.
At a Heritage Foundation event Thursday, John Yoo, a Berkeley Law professor and scholar at the conservative American Enterprise Institute, got a warm reception from the crowd by cracking about the closeness.
"I'm surprised there are so many people here because I thought everyone at Heritage was working over at transition headquarters," Yoo said on the panel about Trump's win. "I asked the taxi cab driver to take me to Trump transition headquarters and he dropped me off here, instead."
The crowd let out an appreciative laugh.
Insiders seek to sway Trump's policy direction
Trump's policy is likely to be shaped largely by Republican stalwarts. Trump's policy positions throughout the election have been thinner than traditional campaigns, and he has made contradictory statements at times or has changed his state policy goals amid criticism.
Meese told CNN that in general, the transition is going "very well," and suspected the heavy involvement from key Heritage personnel shows that his think tank will have a strong influence on Trump. With Trump having less experience in some areas of policy, he will have to draw on others' expertise to craft his positions, Meese said.
Early in the transition process, staff including Chairman Chris Christie held a series of meetings on K Street in Washington with different industry groups and key lobbyists.
[COLOR=rgba(0, 0, 0, 0.65098)]
[/COLOR]
Sources in those meetings said the conversations were top level, but when asked about specific policies, the transition team signaled they would be open to input from K Street.
In one financial services meeting, an attendee asked about Trump's past positions on reinstating Glass-Steagall, legislation that regulated banks. While the GOP platform called for reinstating Glass-Steagall and Trump's campaign manager at the time promoted it, Christie told the financial services lobbyists gathered that Trump is often open to changing his mind when he gets input from people with expertise.
Trump meets with Obama at the White House
Lobbyists around Washington feel that the Trump administration could be heavily influenced by their input, as his campaign's policy positions were considerably thinner than Hillary Clinton's, and some of his promises could be open to interpretation.
It also helps K Street that the Republican Party is far from united on policy. Establishment Republicans and allies of House Speaker Paul Ryan expect Ryan's "Better Way" agenda to drive much of Trump's administration, as Ryan has been working to promote it for years in the House and has even toured the country touting it.
But social conservatives and farther right Republicans like the Heritage circle have seen hope in Trump's campaign promises and closeness with Sessions -- signaling hard-line positions on immigration and social issues.
Fighting with K Street to fill jobs
Both sides are trying to influence his policy development and have representation on the transition team. Trump's Cabinet appointments could signal which way he's leaning.
[COLOR=rgba(0, 0, 0, 0.65098)]
[/COLOR]
A senior aide to Vice President-elect Mike Pence said that the former congressman would have a strong role in Trump's administration working with Congress and on legislation. But the aide also said that the transition would have to find people outside of Washington to staff the administration.
"This campaign was an outsider campaign. It would be foolish to go ahead and place a whole bunch of DC insiders into roles, right?" the adviser said. "So it'll be a mix."
Trump is also competing with lobbying shops themselves for some of the top talent in Washington. Having prepared mostly for a Hillary Clinton presidency, Washington had been hiring Democratic talent. After Trump's surprising win, K Street is also trying to staff up with the best GOP policy staff from Capitol Hill and around DC.
James Wallner, group vice president of research at Heritage, said he is encouraged that Trump will heed the recommendations of his organization for two reasons. One is that their ideals line up with many of his campaign promises, and two is that Heritage has made an effort to craft all of their recommendations in an easy-to-use manner.
"You don't have time to digest a huge tome of material to have some moment of enlightenment to say, 'Oh I've figured out how to solve our health care problem.' You really need actionable type information that you can then process and make up your own mind on how to proceed and how to advise people to proceed," Wallner said. "As long as President-elect Trump appoints people to this administration that are going to do things that are consistent with the promises he made while campaigning for this office that the American people clearly supported, then I'm optimistic about where we're going."
CNN's Evan Perez and Elizabeth Landers contributed to this report.
---------
[h=1]Team Trump is already filled with Washington insiders[/h][COLOR=rgba(0, 0, 0, 0.65098)]
Washington (CNN)To shape his administration, President-elect Donald Trump is drawing squarely from the "swamp" he has pledged to drain.
Trump's transition team is staffed with long-time Washington experts and lobbyists from K Street, think tanks and political offices.
It's a far cry from Trump's campaign, which ended only Tuesday night, and message that he would "drain the swamp" in Washington. He has advocated congressional term limits and proposed a "five-point plan for ethics reform" that included strengthening restrictions on lobbying, including five-year bans for members and staff of the executive branch and Congress from lobbying, and expanding the definition of lobbyist to prevent more revolving door activity.
But he has so far fully embraced lobbyists within his transition, and all signs point to a heavy influence from longtime Washington Republican circles on his transition. And with Trump mostly skipping detailed policy proposals during his campaign, they can have a powerful impact on his agenda.
[COLOR=rgba(0, 0, 0, 0.65098)]
[/COLOR]
Leaders in his transition include former Rep. Mike Rogers, former Reagan Attorney General and Heritage Foundation fellow Edwin Meese, former President of Heritage Edwin Feulner, former Bush administration official and lobbyist Christine Ciccone, former Dick Cheney adviser Ado Machida, former Senate Budget Committee staffer Eric Ueland and former Sen. Jeff Sessions' chief of staff Rick Dearborn. The effort is chaired by New Jersey Gov. Chris Christie and Trump counts former New York Mayor Rudy Giuliani, former House Speaker Newt Gingrich and Sessions as close advisers.
Lower level staffers assigned with crafting different departments are also heavily drawn from K Street, the center of lobbying in Washington, and congressional staff, according to a staff organizational chart obtained by CNN.
Welcome to Trump's America
Sources close to the operation say Sessions and the conservative Heritage Foundation have had a strong role in shaping the transition, in addition to staffers from the Bush administration, K Street and Capitol Hill.
At a Heritage Foundation event Thursday, John Yoo, a Berkeley Law professor and scholar at the conservative American Enterprise Institute, got a warm reception from the crowd by cracking about the closeness.
"I'm surprised there are so many people here because I thought everyone at Heritage was working over at transition headquarters," Yoo said on the panel about Trump's win. "I asked the taxi cab driver to take me to Trump transition headquarters and he dropped me off here, instead."
The crowd let out an appreciative laugh.
Insiders seek to sway Trump's policy direction
Trump's policy is likely to be shaped largely by Republican stalwarts. Trump's policy positions throughout the election have been thinner than traditional campaigns, and he has made contradictory statements at times or has changed his state policy goals amid criticism.
Meese told CNN that in general, the transition is going "very well," and suspected the heavy involvement from key Heritage personnel shows that his think tank will have a strong influence on Trump. With Trump having less experience in some areas of policy, he will have to draw on others' expertise to craft his positions, Meese said.
Early in the transition process, staff including Chairman Chris Christie held a series of meetings on K Street in Washington with different industry groups and key lobbyists.
[COLOR=rgba(0, 0, 0, 0.65098)]
[/COLOR]
Sources in those meetings said the conversations were top level, but when asked about specific policies, the transition team signaled they would be open to input from K Street.
In one financial services meeting, an attendee asked about Trump's past positions on reinstating Glass-Steagall, legislation that regulated banks. While the GOP platform called for reinstating Glass-Steagall and Trump's campaign manager at the time promoted it, Christie told the financial services lobbyists gathered that Trump is often open to changing his mind when he gets input from people with expertise.
Trump meets with Obama at the White House
Lobbyists around Washington feel that the Trump administration could be heavily influenced by their input, as his campaign's policy positions were considerably thinner than Hillary Clinton's, and some of his promises could be open to interpretation.
It also helps K Street that the Republican Party is far from united on policy. Establishment Republicans and allies of House Speaker Paul Ryan expect Ryan's "Better Way" agenda to drive much of Trump's administration, as Ryan has been working to promote it for years in the House and has even toured the country touting it.
But social conservatives and farther right Republicans like the Heritage circle have seen hope in Trump's campaign promises and closeness with Sessions -- signaling hard-line positions on immigration and social issues.
Fighting with K Street to fill jobs
Both sides are trying to influence his policy development and have representation on the transition team. Trump's Cabinet appointments could signal which way he's leaning.
[COLOR=rgba(0, 0, 0, 0.65098)]
[/COLOR]
A senior aide to Vice President-elect Mike Pence said that the former congressman would have a strong role in Trump's administration working with Congress and on legislation. But the aide also said that the transition would have to find people outside of Washington to staff the administration.
"This campaign was an outsider campaign. It would be foolish to go ahead and place a whole bunch of DC insiders into roles, right?" the adviser said. "So it'll be a mix."
Trump is also competing with lobbying shops themselves for some of the top talent in Washington. Having prepared mostly for a Hillary Clinton presidency, Washington had been hiring Democratic talent. After Trump's surprising win, K Street is also trying to staff up with the best GOP policy staff from Capitol Hill and around DC.
James Wallner, group vice president of research at Heritage, said he is encouraged that Trump will heed the recommendations of his organization for two reasons. One is that their ideals line up with many of his campaign promises, and two is that Heritage has made an effort to craft all of their recommendations in an easy-to-use manner.
"You don't have time to digest a huge tome of material to have some moment of enlightenment to say, 'Oh I've figured out how to solve our health care problem.' You really need actionable type information that you can then process and make up your own mind on how to proceed and how to advise people to proceed," Wallner said. "As long as President-elect Trump appoints people to this administration that are going to do things that are consistent with the promises he made while campaigning for this office that the American people clearly supported, then I'm optimistic about where we're going."
CNN's Evan Perez and Elizabeth Landers contributed to this report.
Trump already walking back the Obamacare repeal and it has only been 3 days.
Maybe he is just paying lip service so that the transition goes as smoothly as possible. Who knows.
http://www.redstate.com/california_yankee/2016/11/12/will-obamacare-amended-repealed-replaced/
Maybe he is just paying lip service so that the transition goes as smoothly as possible. Who knows.
http://www.redstate.com/california_yankee/2016/11/12/will-obamacare-amended-repealed-replaced/
Dubya ran on a no nation building platform after bubba played around in Somalia ..
they all just say whatever it takes to get elected.. then become a puppet to all the various players in the background...
the amazing part about it all is most americans continue to bite on the divide the divide and conquer bait.. liberals throwing shit fit over trump.. and fail to see what's really happening..
they all just say whatever it takes to get elected.. then become a puppet to all the various players in the background...
the amazing part about it all is most americans continue to bite on the divide the divide and conquer bait.. liberals throwing shit fit over trump.. and fail to see what's really happening..
When you take a step back and look at the results it was a walk in the park for Trump, it wasn't even close anywhere significant as far as swing state votes are concerned, except Michigan
It was meant to be a "shock" according to the media but Donald Trump sailed right into the White House last Tuesday, riding on a magic carpet of big swing state votes
The Democrats have really cocked things up, the reality on the ground was that Clinton never really had much of a chance and was really a serious underdog, how much of this was down to Obama or Clinton I have no idea.
It was meant to be a "shock" according to the media but Donald Trump sailed right into the White House last Tuesday, riding on a magic carpet of big swing state votes
The Democrats have really cocked things up, the reality on the ground was that Clinton never really had much of a chance and was really a serious underdog, how much of this was down to Obama or Clinton I have no idea.
At last, a policy that can rock the boat?
-----------------------------------------------------
Bonds sell-off continues as investors bet on rate rise
A wave of selling sweeping across bond markets resumed on Monday as investors continued to digest the impact of a Donald Trump presidency.
US and European bond prices have sunk in expectation that he will enact inflationary policies that speed the pace of interest rate rises.
On Monday, some bond yields - which rise as the price falls - hit their highest for more than six months.
Bonds globally lost $1.29tn (£1tn) last week, according to Bank of America.
And there is no sign that the bond sell-off is easing, depressing the value of some pension investments and making it more expensive for countries and companies to borrow money.
On Monday, the 30-year US Treasury jumped above 3% for the first time since January. In the UK, the 10-year gilt yields returned to levels not seen since June's Brexit referendum vote. And German 30-year bunds rose above 1% for the first time since early May.
Italian bonds have been among the most affected. Rome's 10-year yields rose four basis points to 2.01% on Monday, their highest in 14 months.
"It is a continuation of this recent trend. There are still these expectations that inflation could go up if the US takes a more expansionary fiscal stance," said DZ Bank strategist Daniel Lenz said.
http://www.bbc.co.uk/news/business-37972909
-----------------------------------------------------
Bonds sell-off continues as investors bet on rate rise
A wave of selling sweeping across bond markets resumed on Monday as investors continued to digest the impact of a Donald Trump presidency.
US and European bond prices have sunk in expectation that he will enact inflationary policies that speed the pace of interest rate rises.
On Monday, some bond yields - which rise as the price falls - hit their highest for more than six months.
Bonds globally lost $1.29tn (£1tn) last week, according to Bank of America.
And there is no sign that the bond sell-off is easing, depressing the value of some pension investments and making it more expensive for countries and companies to borrow money.
On Monday, the 30-year US Treasury jumped above 3% for the first time since January. In the UK, the 10-year gilt yields returned to levels not seen since June's Brexit referendum vote. And German 30-year bunds rose above 1% for the first time since early May.
Italian bonds have been among the most affected. Rome's 10-year yields rose four basis points to 2.01% on Monday, their highest in 14 months.
"It is a continuation of this recent trend. There are still these expectations that inflation could go up if the US takes a more expansionary fiscal stance," said DZ Bank strategist Daniel Lenz said.
http://www.bbc.co.uk/news/business-37972909
Just sit on your hands and let them have their trump/Santa party..
-------
Misplaced Policy Thinking – $1 trillion infrastructure build
3 days ago
As the stock market celebrates and is downright giddy over the prospect of a massive fiscal expansion through a one trillion dollar infrastructure build, we are less sanguine and propose a different and more long term policy track.
The U.S. doesn’t have the skilled labor and experience to do such a large infrastructure spend and will have to depend on Chinese and foreign firms and labor to implement the program, just as U.S. built out its railroads in 1830-60’s with Chinese labor.
The big infrastructure build this decade in the SF bay area was the rebuild of the SF Bay Bridge, done by a Chinese firm, by the way.
If implemented, expect big inflation in a few years. The markets are already beginning to price it in with the collapse of the global bond markets and huge rally in the dollar.
The U.S. will thus have to rely heavily on immigrant labor and foreign firms for its $1 trillion infrastructure build out. Exactly the opposite of what Trump has campaigned on. Ironic, no?
Finally, many construction jobs will be automated in 10 years anyway and most, if not all new, jobs will be in software and coding. We have been writing, no, warning about this for years.
The idea of paying families that lose their jobs to automation and robots, say, $50k per annum, is already being discussed in the private sector and policy circles, commonly known as the “universal basic income“.
-------
hussman weekly
http://hussman.net/wmc/wmc161121.htm
-------
Misplaced Policy Thinking – $1 trillion infrastructure build
3 days ago
As the stock market celebrates and is downright giddy over the prospect of a massive fiscal expansion through a one trillion dollar infrastructure build, we are less sanguine and propose a different and more long term policy track.
The U.S. doesn’t have the skilled labor and experience to do such a large infrastructure spend and will have to depend on Chinese and foreign firms and labor to implement the program, just as U.S. built out its railroads in 1830-60’s with Chinese labor.
The big infrastructure build this decade in the SF bay area was the rebuild of the SF Bay Bridge, done by a Chinese firm, by the way.
Bridge Comes to San Francisco With a Made-in-China Label – NY Times
SHANGHAI — Talk about outsourcing.
At a sprawling manufacturing complex here, hundreds of Chinese laborers are now completing work on the San Francisco-Oakland Bay Bridge.
Next month, the last four of more than two dozen giant steel modules — each with a roadbed segment about half the size of a football field — will be loaded onto a huge ship and transported 6,500 miles to Oakland. There, they will be assembled to fit into the eastern span of the new Bay Bridge.
http://www.nytimes.com/2011/06/26/business/global/26bridge.html
Furthermore, the U.S. is at full employment and only 936K (as of Ocotober 2016) of the labor force is employed in heavy construction and civil engineering. You can’t take an unemployed banker and have him/her build a bridge or hospital. This is not like the WPA and CCC during the great depression where the unemployed built campgounds, for example.SHANGHAI — Talk about outsourcing.
At a sprawling manufacturing complex here, hundreds of Chinese laborers are now completing work on the San Francisco-Oakland Bay Bridge.
Next month, the last four of more than two dozen giant steel modules — each with a roadbed segment about half the size of a football field — will be loaded onto a huge ship and transported 6,500 miles to Oakland. There, they will be assembled to fit into the eastern span of the new Bay Bridge.
http://www.nytimes.com/2011/06/26/business/global/26bridge.html
If implemented, expect big inflation in a few years. The markets are already beginning to price it in with the collapse of the global bond markets and huge rally in the dollar.
The U.S. will thus have to rely heavily on immigrant labor and foreign firms for its $1 trillion infrastructure build out. Exactly the opposite of what Trump has campaigned on. Ironic, no?
Finally, many construction jobs will be automated in 10 years anyway and most, if not all new, jobs will be in software and coding. We have been writing, no, warning about this for years.
The idea of paying families that lose their jobs to automation and robots, say, $50k per annum, is already being discussed in the private sector and policy circles, commonly known as the “universal basic income“.
-------
hussman weekly
http://hussman.net/wmc/wmc161121.htm
