American Elephants


Life’s Little Surprises Always Await Us. by The Elephant's Child

In the Wall Street Journal today, James Freeman brought up the historic tax reform that Trump signed in December may turn out to be his finest hour, ‘trumping’ even  the firing of James Comey. So many companies have reported positive news from the tax law, even though it’s barely four months old.  The Journal calculated that the four giants of American retail banking— JPMorgan, Wells Fargo, Citigroup and Bank of America have saved a total of $2.3 billion in the first quarter thanks to the new federal corporate tax rate of 21%, down from 35%.

Is that a big deal? Nancy Pelosi is arguing that the tax cut is a useless disaster, and when the Democrats get back in they will promptly raise taxes back to where they should be. (This is a campaign promise? Why?)

Wages have been growing. “Kroger, Walmart, Target Corp. and other food retailers are investing savings from the federal tax law to boost worker pay and benefits, ” the Journal reported recently. John Kartch at the advocacy group Americans for Tax Reform has been keeping a running tally of businesses (now 507) responding to their lower tax bills by announcing pay raises, bonuses, and higher 401K matches. The good news began to arrive almost as soon as President Trump signed the legislation.

Democrats seem to have a hard time getting their minds around the basic consequences of economic incentives. The Labor Department has reported that this is oficially the best job market for those seeking work in the history of  U.S. government statistics. Lefties are quite sure that the best results come from soaking the rich, by which they seem to mean the Koch Brothers, rather than themselves and their friends and supporters.

Ann Althouse notes that a new WaPo poll “finds that the gap between support for Deocatic vs. Republican House candidates dropped more than half since the beginning of the year.” A WaPo/ABC News poll found that 78 percent of registered voters considered voting for a candidate whose views on gun rights and gun control matched their own was either very or extremely important. 21% said it was somewhat or not important at all.

Investors Business Daily reported in an editorial on the macroeconomic effects of the tax reform bill. The Congressional Budget Office admitted that they had vastly overestimated the cost of the Trump tax cuts, because it didn’t account for the strong economic growth they would generate.

In any case, the CBO now expects GDP to be $6.1 trillion bigger by 2027 than it did before the tax cuts.

The CBO report also makes clear that this faster-growing economy will offset most of the costs of the Trump tax cuts.

In a table buried in the appendix of the CBO report, it shows that, before accounting for economic growth, the tax cuts Trump signed into law late last year would cut federal revenues by $1.69 trillion from 2018-2027.

But it goes on to say that higher rate of GDP growth will produce $1.1 trillion in new revenues. In other words, 65% of the tax cuts are paid for by extra economic growth.

Well, goodness. There might just be some reason to question conventional wisdom. The Center for Immigration Studies reported a few weeks ago that Trump’s Wall on our Southern Border would, over time, pay for itself, because illegal immigrants add a lot of cost with their dependence on welfare, crime, benefits and health care.  Who knew?  One can only urge Ms. Pelosi to keep railing about the necessity of raising taxes.

Among other surprises, a previously unknown asteroid the size of a football field had a near miss with Earth on Sunday. It came within one half of the distance to the moon.  It was the largest known asteroid to pass that close to Earth in observational history. Life always has interesting little surprises for us, even if we are paying attention.

Advertisements


We Aren’t Recognizing the Anger and Despair! by The Elephant's Child

Former FBI  Director James Comey’s new book is being released today, and he will be on a long book tour trying to push the book. He hates President Trump, whines like a 9-year-old, and reflects badly on the organization that he formerly headed. He expected Hillary to win, his wife was really excited about having a female president. He has not behaved well, and serious FBI people are concerned for the reputation of the agency.

Democrats clearly expected Hillary to win, but for the most part they seem to be pretty much done with her. I think that it wasn’t so much Hillary’s loss, but that red map of all the counties in the country that went for Trump. I suspect that they didn’t even consider the possibility that Trump might win, it was unthinkable. All those Republicans, a despicable bunch, and most of the Democrats had particular Republicans to hate, but the idea that Trump could triumph attacked all of their sureties, their world view, the things he espoused were beyond the pale — cutting taxes, closing the border.

Republicans aren’t all that inclined to fall in love with presidents. They recognize that presidents are only ordinary men, with all the flaws and faults of ordinary men, perhaps a little more so, when they suddenly become “the leader of the free world.” The “Never Trumpers”, certified members of the ruling class, were appalled by his tweeting, although many of them were on Twitter as well, but a president—tweeting? Clearly beneath the dignity of the office! His speech offended! Dan Bongino, who is from Queens, said Trump talked like someone from Queens who was in the construction trade. Trump told the people what he thought, and who he did not like nor trust. Beneath the dignity…

Barack Obama was, as someone said—a real good talker. Flowery words, designed to rouse the emotions, but fairly devoid of meaning. But people were thrilled, including the Nobel Prize committee, Not much follow through.

I think it’s that map. The Democrats lost control of practically everything, a huge,  immense loss. Their reason for everything is control. They are the intelligentsia. They are destined to run everything as soon as they dispose of the annoying Republicans. They went to the best schools, they run the biggest companies, they have the most billionaires, and all the movie stars, and the Republicans are backwoods people, racists, sexists, deplorables from flyover country. Who even knows what is down there when you fly from one enlightened coast to the other? Hillary thought it was her due, her destiny. She’s still out complaining, but the Democrats are done with her, and looking for someone who can restore their rightful place in the universe.  Joe Biden?



Do You have the Feeling That There Is Something Wrong Out There? by The Elephant's Child

Do any of you have the sort of unsettled feeling that things are not quite as they are being portrayed? News made of too little information, asking the wrong people, not exactly President Trump’s “fake news”— but just an instinctive feeling that something is wrong out there. Here’s a post from Real Clear Investigations:

Broward County, Fla., school officials portray as a great success their Obama administration-inspired program offering counseling to students who break the law, instead of having them arrested or expelled. They insist that it played no role in February’s school massacre by Nikolas Cruz. They also claim that in fact juvenile recidivism rates are down and school safety is up, thanks to the program.

The evidence tells a far different story.

Broward County juvenile justice division records, federal studies of Broward school district safety and the district’s own internal reporting show that years of “intensive” counseling didn’t just fail to reform repeat offender Cruz, who allegedly went on to shoot and kill 17 people at his high school. Records show such policies have failed to curtail other campus violence and its effects now on the rise in district schools — including fighting, weapons use, bullying and related suicides.

Meanwhile, murders, armed robberies and other violent felonies committed by children outside of schools have hit record levels, and some see a connection with what’s happening on school grounds. Since the relaxing of discipline, Broward youths have not only brazenly punched out their teachers, but terrorized Broward neighborhoods with drive-by shootings, gang rapes, home invasions and carjackings.

Do read the whole thing. Things are not as they seem. We have entered an era when everything is being analyzed for its proportionality. There seemed to be a significant number of young students of color being sent to prison for commission of crimes. If the number of young people of color in prison for committing crimes was out of proportion to the general percentages of young people of color in society, clearly school teachers were cracking down on troublesome students because they were racially prejudiced. The “school to prison pipeline.” The Obama administration cracked down. Schools sending too many young people to prison would have to answer for their racism, and they would receive a visit from the feds.

This is apparently what happened with Nikolas Cruz, of Hispanic descent. His threats were recognized by the school officials, but because he was Hispanic and the federal government had said to ignore it, the school did not take the actions that they might have taken had there been no federal interference. The school had issued instructions that Cruz was not to be allowed to enter campus if he was wearing a backpack. And in their response to the killings, the school demanded that all students carry transparent backpacks so the contents could be seen. That does make it fairly clear, doesn’t it?

Tom Steyer continues to travel around the country urging college students to vote Democrat and to work for impeaching President Trump, thus aligning himself with Maxine Waters who is also demanding that President Trump be impeached. Neither one seems to have any particular high crime or misdemeanor for which they want him impeached—they just hate him. I suspect that Steyer is having fits over the useless environmental regulations being discarded, and perhaps the useless Paris Climate Accords.

Steyer is very green, and apparently a true believer that the Earth is dying without our immediate action to…? There are a remarkable number of people who appear at the front of any climate march in polar bear suits, though the polar bears are doing just fine according to the Canadian zoologist, Susan Crockford, who has become the world expert on all things polar bear and who issues a report each year on their progress. Their numbers are increasing comfortably, they are well fed and healthy.

When you hear or read something that seems, if not immediately wrong, at least questionable, do you plan to study up a little to see if it is indeed true, or do you just take the word of whatever article you read? Look at all the Lefties who insist that we would be far better off if we just kept all the petroleum products in the ground, where they belong. Wind and solar, their favored energy sources, deliver about 4% of our energy needs. How are their favored electric cars supposed to charge their batteries? How do our cars and trucks run? How does the food get delivered to our grocery stores? Starving to death is not a nice way to go.

Why do they keep circulating what Hollywood celebrities have to say, as if they know anything, or have any authority to speak out beyond the fact that we might recognize their names or faces?



Business is Demanding to be Regulated. Bad Idea. by The Elephant's Child

1 3Fbtb7FlBQeO4HJZwPvpqw

We seem to have entered an age where business executives assume that it is acceptable to do politics with their business. Businesses have, of course, long favored policies that help them to do business, and supported whatever politicians established the policy. That’s perfectly natural. But suddenly we have private-sector businesses entering the political fray, using their corporate budgets to silence free speech, sign on to very contentious political issues without the slightest awareness that there is a large mass of customers who may be offended.

“The reason that capitalism has managed to create real economic growth of 1.5% annually, and a 19-fold  increase in living standards over —the last two centuries — is because when people treat the marketers and inventors  as having some dignity and liberty, innovation takes hold.” (Those words are from economist Dierdre McCloskey). The reason why innovation has created and is continuing to develop computer connectivity, artificial intelligence and all that can lead to— is because business has been free of government control. There are many countries where such freedom does not exist, and government tells business what to produce and how and when, where and with whom.  Perhaps these executives were too busy with technology to study a little history: perhaps The Gulag Archipelago, or maybe Milton Friedman’s Capitalism and Freedom.

Milton Friedman, in his 1962 classic, presented his view of the proper role of competitive capitalism — the organization of economic activity through private enterprise operating in a free market — as both a device for achieving economic freedom and a necessary condition for political freedom.

Economic freedom is not going to work when some businesses chose to boycott other businesses for political reasons. They are dealing with the public, their customers, who can choose to boycott too, and are doing so.



The Left: Explained! by The Elephant's Child

Here is a speech by Dennis Prager, given a few years ago, in which he summarizes, or explains the Left. Do you find yourself wondering a lot— why are they doing this? Why are they saying this? What is the matter with these people?

Not much has changed in the past seven years. The Left is still Left, searching for more power so they can get rid of those pesky Conservatives who are so annoying, and so wrong about everything.

Oh, new terminology pops up now and then, but they continue to regard us as uneducated racists from flyover country. They seem unable to consider or recognize consequences. Life is full of miseries, but if we just let them be in charge, they would all be fixed.

In spite of all evidence to the contrary, they remain sure that if only they don’t have to be bothered with the dissent from us, they will create a brave new world where everyone is equal and there are no more wars and everything and everyone is properly diverse, and no one will be poor or needy and…

It’s a 40 minute video, so watch it tonight if you must, but it’s really worth your time.



Devin Nunes Reacts to the Inspector General’s Inquiry by The Elephant's Child

Pulling information out of the FBI and the CIA has been an interesting exercise. You can tell how frustrated Chairman Nunes is. They were absolutely sure that Hillary would win, and none of it would have to be covered up. The best laid plans …and all that.



The Children of Parkland, Used Again by The Elephant's Child

The children of Parkland have been out demonstrating today for gun control. Not that they have any idea what that means or what if anything it would do for school safety. The people who are paying for the demonstrations and the transportation and the microphones have chosen to remain anonymous and invisible behind protective regulations.

Nikolas Cruz is variously called a monster, a nut-case and other expletives, but no one mentions his years of crying for help. He was adopted, and his adoptive father died early, his mother died more recently. He threatened kids at school, the girl he liked dumped him. He was said to have abused animals. He was sent to a program for mental health. He was expelled from school. The school said specifically that he was not to be allowed on the premises with a backpack. He mentioned wanting to do a school shooting. This is what I have gleaned from the reporting. It seems that the school was aware that they had reason to be suspicious and watchful, but chose for some reason not to do anything about it at all.

That reluctance has been blamed on the Obama administration’s regulations about not removing students who might fit the “school to prison pipeline” theme, and schools are afraid of being designated as racist, and Nikolas Cruz was designated as Hispanic. Kids don’t know enough to say “I need help”— so they act out. Most parents are aware of that, aren’t they?

The FBI was warned twice, and did not act on the warnings. The school knew, and did not act on the warnings. The Sheriff’s office was warned. The deputies remained outside while the school shooting went on.

Democrats are far more interested in promoting marches, and using the kids of Parkland for the emotional push of children. They want the NRA abolished, because they do a little lobbying on behalf of the Second Amendment, and donate a little to the Republican Party, far less than Planned Parenthood  gives to Democrats.

Lax gun laws are not the problem. The Miami Herald Sun-Sentinel, has been documenting how federal, state and local authorities simply failed to enforce the law, or simply kicked the can down the road. Police visited Cruz’s home over 30 times and were warned that he had threatened people with guns before. He bought the rifle  shortly after he was expelled in February of 2017.

I was curious, so I investigated briefly online to see if there have been any studies to determine the effectiveness of marches and demonstrations. Not much. What little there appears to be suggests that marches tend to make the participants more apt to be activists, but there is no influence on governmental actions or legislation.

Those who are so sure that banning guns is the answer have never made the slightest effort to see what is known  about that. The producers of this video put out a casting call, and asked the actors to cold read statistical truths about guns and crime in the United States.

Most people who are familiar with guns and the debate are familiar with these statistics. Most of those shrieking about “gun violence” are not. They might have asked what the NRA is, and what it does. Or perhaps what the AR in AR-15 stands for, to see how many think it stands for Assault Rifle. It doesn’t.




%d bloggers like this: