Rich Investors Are Scooping Up Cheap Property As Commercial Real Estate Sector Suffers

/in , , , , , , /by

Investors flush with cash are looking to buy up commercial real estate properties that developers are putting on the market at deep discounts as companies struggle to pay debts, according to The Wall Street Journal.

Many investment firms are looking to buy up discounted real estate after stacking up cash during the COVID-19 pandemic, including Ares Management, which is buying up 3 million square feet of office space with offers to buy up assets related to $500 million in high-priority property debt, according to the WSJ. Commercial real estate is facing around $2.81 trillion in loans that are set to expire through 2028 at a time when the industry is struggling with low demand and huge debt costs from high interest rates.

“We’re in a period of time where it’s great to have dry powder,” Rich Banjo, co-president of Artemis Real Estate Partners, told the WSJ. Artemis recently closed a $2.2 billion fund at the end of last year that has been buying up discounted properties.

Private-equity firms operating global real estate funds had $544 billion in cash in the second quarter of 2023, up from $457 billion in the fourth quarter of 2022, according to the WSJ. Around $85.8 billion of commercial property was in distress at the end of 2023, up from $56.9 billion at the end of 2022.

Investors in particular are looking at struggling office building owners who have had their profits cut from a widespread shift to remote work that began during the COVID-19 pandemic, lowering office space needs, according to the WSJ. Hotel owners who have failed to keep up with repairs and apartment buildings that are behind on construction schedules due to pandemic-related supply chain shortages and work stoppages have also been targets for investors.

Interest rates for commercial properties are facing upward pressure from hikes to the federal funds rate by the Federal Reserve, which has been placed in a range of 5.25% and 5.50%, the highest rate in 22 years, in an effort to combat high inflation.

The collapse of top developer China Evergrande Group, prompted by a judge in January, has led to the liquidation of more than $300 billion in liabilities, which could depress global property prices as the firm sells off assets. The increases in the cost of borrowing have resulted in a $1 trillion loss in office property values around the world.

AUTHOR

WILL KESSLER

Contributor.

RELATED ARTICLES:

Americans Are In More Debt Than Ever Before — And It May Get Even Worse

The Most Damning Poll Of Biden’s Presidency Quietly Dropped Super Bowl Sunday

Nearly 90% Of Americans Think Biden Is ‘Too Old’ To Serve Another Term As President: POLL

EDITORS NOTE: This Daily Caller column is republished with permission. All rights reserved.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

VIDEO: Act for America founder Brigitte Gabriel Shares Her Views on News, Politics, and More!

/in , , , , , , , , , /by

Don’t Miss This Interview!

Brigitte Gabriel visits the PBD Podcast for independent and critical thinkers with podcast sensation Patrick Bet-David and his co-hosts Adam Sosnick, Tom Ellsworth, and Vincent Oshana as they cover the biggest stories in news, politics, business, and current events!

8:47 – Brigitte talks about her upbringing in Lebanon and how it affected her view of Arabs and Muslims worldwide.

58:04 – Does a shadow war with Iran risk turning into a direct conflict?

1:21:20 – James O’Keefe records White House cyber security expert Charlie Kraiger saying Joe Biden is “mentally slowing down” and Kamala Harris is unpopular.

1:30:39 – Mark Zuckerberg addresses families of victims of online child exploitive content during Senate hearing.

1:41:06 – Woman filmed giving her teenage daughter puberty blockers.

1:49:31 – California Governor Gavin Newsom discusses witnessing a criminal walking out of a Target without paying.

2:07:01 – UPS to Cut 12,000 jobs and mandate return to offices five days a week

2:14:49 – Illegal immigrants in NYC caught on film assaulting NYPD cops, released without bond.

2:24:40 – PBD and crew surprise Adam Sosnick with a big birthday surprise!

EDITORS NOTE: This Act for America column is republished with permission  All rights reserved.

Budget Office’s 10-Year Forecast: Historic Deficits, Record Debt, Higher Taxes

/in , , , , , , , , , /by

America’s fiscal future is gloomy, according to the 10-year forecast released Wednesday by the economic meteorologists (accountants, really) at the Congressional Budget Office (CBO). The CBO projected that by 2034 the U.S. federal government will run a $2.6 trillion deficit, equivalent to 6.1% of GDP, while public-held debt would nearly double from $26 trillion to $48 trillion, reaching a record 116% of GDP. These numbers are “mind boggling” and “absolutely astounding,” said Heritage Foundation research fellow Jeffrey Griffith on “Washington Watch.”

Indeed, the historic nature of America’s irresponsible borrowing binge is so unprecedented that it earned multiple mentions in the CBO’s report summary. The CBO noted that a debt equivalent to 116% of GDP represents “an amount greater than at any point in the nation’s history.” That’s more debt — both in absolute terms, and as a percentage of GDP — than the U.S. accumulated during any war, including the Revolutionary War and World War II, during any economic crisis or peacetime spending binge, or even during the century and a half that the government survived without an income tax.

Regarding the deficit reaching 6.1% of GDP (the 50-year average is 3.7%), the report noted that “deficits have exceeded that level” only three times since the Great Depression: “During and shortly after World War II, the 2007-2009 financial crisis, and the coronavirus pandemic.” In other words, soon the U.S. federal government will be running up the credit card as fast as it did during America’s largest international war and the two worst economic crises of this millennium — for no discernable reason at all.

The problem, fundamentally, is too much spending. The CBO estimated government revenues to average 17.8% of GDP over the next 10 years, slightly above the 50-year average of 17.3%. That estimate was based on the assumption that the 2017 tax cuts will be allowed to expire in 2025. By contrast, the CBO estimated that government spending will average 23.5% over the next decade, topping out at 24.1%, far higher than the 50-year average of 21%.

Although the CBO’s statistics might be useful for comparisons over time, they fail to communicate the gravity of America’s current economic peril. Griffith bridged the gap by converting the trillions into numbers that can be brought home to each family. “We owe $400,000 per family in federal debt,” he said. “We’re expected to add another quarter million dollars per family over the next 10 years.” Who’s ready for a third mortgage?

Two types of spending were leading culprits in the CBO’s growing deficit projection: “Growth in spending on programs that benefit elderly people and rising net interest costs” — in other words, mandatory entitlement spending and servicing the debt. The CBO projected that mandatory spending will increase steadily to 15.1% of GDP, net interest payments will increase to 3.9%, while discretionary spending (both military and domestic) will actually decrease to 5.1% by 2034 — if you can believe it.

Forecasters have known for decades about the fiscal turbulence catalyzed by the rising longevity of America’s aging population. The relatively new factors are the recent arrival of a high interest system and its costly interaction with mountains of recently accrued debt.

According to the Committee for Responsible Budget, for the first time, net interest payments exceeded Medicaid spending in 2023 and will exceed defense spending and Medicare spending in 2024. “Starting next year,” wrote CBO, “net interest costs are greater in relation to GDP than at any point since at least 1940, the first year for which the Office of Management and Budget reports such data.”

Griffith translated, “We’re already paying around $10,000 per family per year, just on the interest on the federal debt. And that is going to nearly double to close to $20,000 per family per year.” Sorry, Jimmy, I know you wanted to go to college. But now your Uncle Sam needs that money to pay off his gambling debts.

These factors, combined with sultry stagnation of Bidenomics, are cooking up the perfect fiscal storm. Americans can expect a “Poor Front” to follow. “Such soaring debt would slow economic growth, push up interest payments to foreign holders of U.S. debt, and pose significant risks to the fiscal and economic outlook,” analyzed the CBO. “It could also cause lawmakers to feel more constrained in their policy choices.” Coming from an agency that reports to Congress, that last sentence is the bureaucratic equivalent of, “Don’t say I didn’t warn you, boss.”

Based on historical precedents, Griffith described “multiple ways this can pan out.” Through Door Number One, America could fully embrace European socialism. We already have most of the social programs; now we just need the taxes to match. This solution could avoid the fiscal crisis at the cost of “a long-term relative decline in our prosperity,” said Griffith. Through Door Number Two lies the fate of Portugal, Italy, Greece, and Spain, who nearly went bankrupt during the Great Recession through extreme profligacy. To obtain the foreign loans they needed to stay afloat, they were forced to make deep spending cuts dictated by outside countries — which naturally caused massive social unrest. Through Door Number Three, Griffith described “very extreme examples” of hyperinflation, such as Argentina and Venezuela. “None of the scenarios are good,” he warned.

Predicting the future is notoriously impossible, and CBO budget forecasters are usually no more successful than weather meteorologists. If anything, however, the CBO’s debt estimate is a conservative, even “optimistic” one, as The Wall Street Journal editorial board remarked skeptically. “They assume no recession and that the 2017 individual tax cuts and Inflation Reduction Act’s sweetened ObamaCare subsidies expire in 2025. Oh, and that Congress doesn’t lather on more spending, and more student debt isn’t canceled by executive decree.” That’s four unsafe assumptions that each lower the CBO’s 10-year debt estimate.

Undeterred by the glowering forecast, the Biden administration has planned a weekend cook-out. “Over the past three years, the Biden administration has driven an historic recovery,” Treasury Secretary Janet Yellen declared during Thursday testimony before the Senate Banking Committee, with all the cheeriness of a turnip. She later conceded under questioning that “we need to reduce deficits and to stay on a fiscally sustainable path,” an answer as effective as a clogged culvert. “By suggesting that we need to stay on a sustainable path, she’s saying we’re on one right now,” Griffith responded. “We are already on the path to unsustainability.”

Yellen further argued that America’s current debt burden is nothing to worry about. “Thus far, in real terms, the interest burden of the debt has remained within or below historical norms,” she said. According to the CBO, the 50-year average of net interest expenditures is 2.1% of GDP; the U.S. government spent 2.4% of GDP servicing the debt in 2023 and will spend 3.1% of GDP servicing the debt in 2024. Coming from a current Treasury Secretary and former Federal Reserve chair, Yellen’s remark is akin to an air traffic controller arguing, “Thus far, in real terms, that jet airliner accelerating down the runway has not yet become airborne.”

In response to a question from Senator Mike Rounds (R-S.D.), Yellen said she had “seen no sign” of waning foreign interest in U.S. debt, an “absolutely ludicrous” remark in Griffith’s estimation. “Over the last two and a half years, foreign investors have only been willing to purchase about one penny of every new dollar of federal debt that we’ve taken on. In years past, foreign investors bought about one third of our federal debt,” Griffith explained. “With investor demand drying up for that debt, that means that the federal government has to pay more to those who will lend us money. … That trickles down directly to us as consumers.”

While the Biden administration may be unconcerned about the debt, at least some members of Congress have sought to restore sanity and accountability to the budgeting process. Thus far, their achievements have been flimsy at best. As a result of the spending cuts Republicans negotiated in the debt limit deal last summer, the CBO reduced their estimated deficit for 2024 by $0.1 trillion (4%) and their estimated cumulative deficit for 2024-2033 by $1.4 trillion (7%). You could as easily dig a trench with a teaspoon, or stop a locomotive’s momentum with a Q-tip, as resolve America’s budgetary crisis with such puny half-measures.

This situation illustrates the truth that elections have consequences. The reason why congressional budget hawks can’t achieve any significant savings is that there are too few of them, compared to their colleagues who want to keep spending money. At root, this is a problem that can only be solved when voters and candidates get serious about demanding and delivering fiscal sanity in Washington. America is barreling straight toward a fiscal cliff. Will anyone care enough to stop her?

AUTHOR

Joshua Arnold

Joshua Arnold is a senior writer at The Washington Stand.

EDITORS NOTE: This Washington Stand column is republished with permission. All rights reserved. ©2024 Family Research Council.

The Washington Stand is Family Research Council’s outlet for news and commentary from a biblical worldview. The Washington Stand is based in Washington, D.C. and is published by FRC, whose mission is to advance faith, family, and freedom in public policy and the culture from a biblical worldview. We invite you to stand with us by partnering with FRC.

High Consumer Prices among Top Concerns as Voters Lose Confidence in Biden, Polls Show

/in , , , , , , , /by

As new polls indicate that American voters remain worried about the persistently high cost of goods and have largely lost confidence in President Joe Biden’s handling of the economy, a leading economist is pointing out that the economies in red states that feature free market policies are outpacing the economies of blue states.

An NBC News poll published Sunday revealed that Biden lagged behind former President Donald Trump by over 20 points on the question of “which candidate would better handle the economy.” Overall, the poll found that Biden’s approval rating has reached the lowest point of his presidency at 37%.

The survey comes as voters say that the economy is among their top concerns going into the November elections. A recent Harvard CAPS-Harris poll found that inflation was the primary worry for 32% of respondents, a close second behind the border crisis at 35%.

While inflation has largely leveled off since reaching a high of 9.1% in June 2022, consumers are still worried about the persistent rising costs of virtually all goods since the 2020 pandemic that have not come back down. As reported by CNN, “More than 90% of the items tracked in the Consumer Price Index are more expensive than they were in February 2020, with most price increases landing north of 20% and some (fuel and margarine) approaching 55%.” Overall, food prices have risen almost 25%.

Stephen Moore, distinguished fellow in Economics at The Heritage Foundation, joined “Washington Watch” last week to discuss the current economic outlook in America.

“What’s happening in America today is you’ve got red states with low taxes, less regulation, [and] right-to-work that are doing extraordinarily well,” he explained. “You know, they’re actually booming [in] Texas, Florida, Tennessee, Utah, Idaho. So many of these states, [like] South Carolina, the southern states are doing amazing. … [B]y the way, the South now is the number one leading region in the economy. It used to be the northeast for 100 years. But the northeast is losing its people, its businesses, its capital. And they’re going to states like Florida and Texas and Arizona … because the taxes are lower [and] there’s a more pro-business atmosphere. They follow free market policies. That’s what American businesses want. That’s what workers want.”

Moore, who also serves as a senior economist at FreedomWorks, went on to argue that the Biden administration’s federal spending policies have negatively affected the economy.

“[T]he question becomes, ‘Why don’t we do, on the national level, what works in the states? Why don’t we cut our taxes, reduce our regulations? Why don’t we get our budget under control?’ We’re running a $1.5 trillion debt. … It’s because we’ve got a president who is spending and printing and borrowing a trillion and a half dollars a year — it’s as obvious [as] the sun ris[ing] in the East and set[ting] in the West when you have that kind of out of control spending. You know what? You’re going to get inflation.”

At an event last week, Biden accused grocery stores of “ripping people off” through “price gouging, junk fees, greedflation [and] shrinkflation.”

“That’s the way all these Democrats are,” Moore responded. “They keep saying, ‘Oh, the profits are too high.’ Why don’t you go out there and show you can make a profit? It ain’t so easy to do it. These are businesses that are providing jobs, providing growth for our economy, putting food on our table. I’m sick of him criticizing American businesses.”

AUTHOR

Dan Hart

Dan Hart is senior editor at The Washington Stand.

EDITORS NOTE: This Washington Stand column is republished with permission. All rights reserved. ©2024 Family Research Council.

The Washington Stand is Family Research Council’s outlet for news and commentary from a biblical worldview. The Washington Stand is based in Washington, D.C. and is published by FRC, whose mission is to advance faith, family, and freedom in public policy and the culture from a biblical worldview. We invite you to stand with us by partnering with FRC.

When the Stealth Invasion of America Goes Mainstream: And Nobody Cares

/in , , , , , , , , /by

You know we are in the final stages of an invasion when even the corporate media is reporting on the thousands of Chinese nationals streaming across the U.S. southern border.

CBS’s 60 Minutes reports that the Chinese-owned social media platform TikTok is being used to aid and abet the invasion of America.

Well, they sorta, almost told the truth.

Notice how almost all the Chinese illegals in the above video were men, most of them of military age. The folks at 60 Minutes conveniently forgot to report that part.

Many in the alternative media started reporting about the Chinese communists exploiting Joe Biden’s open borders almost right after Biden was installed in the White House. But if you depend on CBS for your news, you’re just now hearing about it for the first time, and then, you are only getting a very filtered version of a much bigger story.

You will not hear the words “border invasion” in that report by 60 Minutes. But that’s exactly what it is. And it’s not just Chinese, either. These men are coming from the Middle East, parts of Africa, and many other regions not known for their love and affection for America or its people.

Compare the above pathetic report from 60 Minutes to this one from Drew Hernandez giving details about a border encampment of military-age male invaders in California.

Prepare now for war on U.S. soil. The army has been assembled. The barbarians are inside the gates. All that needs to happen is for them to be given orders to start attacking and the final plan to take down America will be in play. All it will take is a false flag attack on the right group by the right type of attacker (someone decked out in MAGA gear?). Then you will start to see stories about civil unrest and a spate of reprisal attacks. They will be mostly peaceful attacks, I’m sure.

These attacks, and the timing of them, should come as no surprise. America’s enemies have been busy building up a stealth army for three years running and, even before that, thousands of bad actors were allowed into the country under Barack Obama, George W. Bush and Bill Clinton. They came from Bosnia, Afghanistan, Uzbekistan, Somalia, Sudan, Iraq, Yemen and Syria, among other places. For every new war that Washington’s neocons got us involved in, there was a new wave of refugees imported from the war zone to cities and towns across America. For every ally of Washington that wanted to get rid of its violent criminals and terrorists, Washington was eager to take them in. Just wait, we will soon get tens of thousands of potential terrorists delivered to American cities, compliments of Israel, which wants to be rid of its Palestinian problem. The problem won’t be solved, it will just be shifted from Gaza to America.

And America will welcome them.

We are the host country of the Statue of Liberty, that pagan goddess, designed by French Freemasons, who takes in everyone from everywhere, no questions asked. We take them under the assumption that they all desire to come here to live free. That may have been mostly true at one time, but not anymore. The sonnet “The New Colossus” by American poet Emma Lazarus sits at the base of the Statue of Liberty and reads:

“Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!”

Nothing that you get from the mainstream corporate media is as it appears. It’s all carefully crafted theater meant to deceive.

Truth is, even if we built a border wall tomorrow the immigration problem remains. The army has already been assembled and is waiting for its orders. The only answer to that problem, at this critical stage, would be to start mass deportations of those who came here under false pretenses — those who came not yearning for freedom but to kill it and to kill those who still believe in it. That’s a policy few politicians wish to even talk about, let alone engage in.

Until you hear that issue at least being put up for debate, whether to deport or not deport, don’t be deceived. All other issues amount to political fools’ gold.

Paul Craig Roberts summed it up well in his recent article, What Powerful Force is Preventing the United States from Defending its Borders? Below is an excerpt from that article:

Why do Americans sit on their butts and permit their country to be stolen?

Why do a majority of American women vote for the Democrats who are aiding and abetting the theft of America?

When Washington speaks of “American national interests,” whose interests is meant? The military/security complex’s interest? How does a tower of babel have a national interest?

Why is it in America’s national interest to be overrun by invaders? Why is Washington worried about attack from Russia and China but not from the vastly larger army of the anti-American NGOs?

Does the U.S. military have any role other than protecting the profits of the military/security complex?

How can the United States be a country when it has no borders?

How can something as abnormal as a country without borders continue to exist? When the Western Roman Empire was overrun, Rome ceased to exist.  How can it be any different for America?

Think about this: If the globalists’ overarching goal is depopulation, which they say is the answer to preventing “climate change,” then why wouldn’t they open the borders of the one nation they most want to destroy and beckon the useless eaters of the world to come here? Why wouldn’t they invite the world to America before using Russia and/or China to blow it up in World War III?

We are living right now in the proverbial calm before the storm. Now is the time to get out of the cities, get stocked up on food and water, flashlights, batteries, and a means of self defense. But more than anything, get your head out of its state of denial.

National leaders the world over are warning their people to prepare for war. We’ve seen government officials recently making very public calls for their people to prepare. We’ve seen it in Poland, in Sweden, in Germany, the Netherlands, in Russia and China, even in the U.K.

It’s pretty much only in the U.S. where there’s been no such warning. Why is that? It goes back to the depopulation plan laid out above. America is a burgeoning kill zone. Don’t be caught off guard. Prepare now — mentally, physically and spiritually.

©2024. Leo Hohmann. All rights reserved.

RELATED VIDEO: What are we REALLY Fighting Against?

LeoHohmann.com is 100 percent reader supported and not beholden to any government or corporate ads or sponsorships. If you appreciate my work and would like to support it, you may send a donation of any size c/o Leo Hohmann, P.O. Box 291, Newnan, GA, 30264, or via credit card here.

Washington’s Welfare Uniparty Passes ANOTHER Massive Spending Bill

/in , , , , , , , /by

House Republicans voted for a child tax credit and business tax-break bill that they claim is a bipartisan achievement, but it’s another election-year spending bonanza and a bigger policy victory for Democrats. The GOP is embracing Democratic welfare and government spending priorities, writes Kim Strassel. The Senate can stop it.

Trillions and trillions in debt – money we do not have. Economists increasingly sound the alarm over the torrid pace of spending by Congress and the White House. And yet these degenerates keep spending.

another election-year spending bonanza and a bigger policy victory for Democrats

Washington’s Welfare Uniparty

Republicans are on board with the expanded child tax credit, a handout dating to 1997.

By Kimberley A. Strassel, WSJ, Feb. 1, 2024 6:09 pm ET

Rep. Jason Smith leaves a meeting of House Republicans in Washington, Jan. 30. Photo: Tom Williams/Zuma Press

Four months after decapitating their own speaker for a supposed lack of conservative principle, House Republicans this week celebrated by collaborating with Democrats to pass a welfare blowout. Kevin McCarthy, we hardly knew ye.

Proving again that Congress is incapable of anything beyond redistributing other people’s money, 357 representatives passed another $78 billion spending bill. Add it to the pantheon of Nancy Pelosi-era bipartisan binges—the “infrastructure” bill, the semiconductor-welfare transfer, the $1,400 Covid checks. New GOP leadership, same debt-fueled status quo.

Don’t go looking for “reform” or “spending discipline” or any of the usual GOP catchwords in this blob. The beating heart of Wednesday’s package is two longtime Democratic priorities—increasing the size of the child tax credit and its availability to parents who don’t pay income tax. The left accomplished both during Covid and have worked fervently to resurrect them since they expired in 2021. Republicans granted their wish.

Democrats built this Trojan Horse in 1997, when Bill Clinton won a $500 child tax credit. Their goal since has been to increase its size and expand eligibility, making it the basis of a future universal basic income. Republicans went from understanding the perfidy of government handouts to hoping they cadge a bit of credit for said income redistribution.

We’re all for “families” now—and that’s the justification for robbing the paychecks of productive childless taxpayers and rerouting their earnings to nonworking parents. This bill would further discourage work, leaving more parents and children dependent on government largess. It’s of a piece with the Republican lurch toward bills that micromanage industrial policy or penalize the free market. Today’s MAGA populism amounts to little more than warmed-over big-government Rockefeller Republicanism.

In return for this huge win, House Ways and Means Chairman Jason Smith got Democrats to support three business-related tax provisions that many already supported. That includes allowing corporations to deduct more of their interest expenses, which reverses a reform Republicans worked hard to include in the 2017 tax reform. Mr. Smith complains that critics of the bill care more about “Wall Street” than “Main Street.” He should look in the mirror.

It gets worse. Tucked in the bill are “low-income housing” credits, disaster dollars, budget gimmicks. And in an attempt to buy off a few hostage-taking Northeastern Republicans, Speaker Mike Johnson is apparently open to blowing up another hard-won GOP tax reform, the limit on deductions for state and local taxes. The SALT deduction is a sop to high earners, and forces taxpayers in low-tax states to subsidize the soaring progressive tax rates of New York, New Jersey and California. Yet there is talk of a bill that would double the current $10,000 cap for married couples.

Continue reading.

AUTHOR

Pamela Geller

RELATED ARTICLES:

The Republican Led Congress and our new $34 Trillion Debt

America’s CEOs Are More Scared Of Country’s Huge Debt Than Anything Else

U.S. National Debt of $34,088,375,076,993.31 Trillion is a Ticking Time Bomb

BIDENOMICS: American Credit Card Debt Soars Past $1 Trillion

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Black Small Business Owners Favor President Donald J. Trump

/in , , , , , , , , /by

Biden is bleeding black votes, especially those with small businesses who are trending towards voting for Trump with motivations like — “Well, we were broke with Biden. We weren’t with Trump.”

WATCH: Black business owners in South Carolina discuss the 2024 Presidential race.

‘We’re broke with Biden’: Black men discuss their support of Trump on MSNBC

By

MSNBC’s decision this week to host a discussion about former President Donald Trump with several black male voters from Charleston, South Carolina did not go as planned.

As seen and heard below, a number of them wound up expressing support for the network’s arch-nemesis.

The discussion occurred at a barbershop where MSNBC correspondent Trymaine Lee asked barbers and customers alike what Trump’s “appeal” is among them.

“Money,” several responded.

“I mean, Donald Trump has a reputation of being the money man, so,” one man, Anthony Freeman, said.

Thomas Murray, another black man, added that he’s particularly impressed with Trump’s business acumen.

“I just think that Donald Trump, in spite of all the craziness he may have in his head, reading some of the things that he talks about with business, I can kind of agree with as far as business-wise, because I’m trying to grow my business,” he said.

“As far as Biden, I haven’t seen Biden really care about business like that. And my concern is having my business so that I can build generational wealth, so my kids can see and have something to take upon when I’m not here,” he added.

He made a terrific point about current President Joe Biden’s apathy — if not distaste — for small and large businesses alike. There’s a reason why the president’s approval rating among small business owners hit a new low late last year.

Read more.

©2024. Royal A. Brown III. All rights reserved.

RELATED ARTICLES:

‘With Trump, we had money’: What these Black voters told MSNBC could spell bad news for Biden

Have We had Honest or Dishonest Elections?

UPS Cuts 12,000 Jobs

Blue Shield, Clorox, Other Companies Hire Security To Protect Employees Because Crime Is So Bad in California

/in , , , , , , , , /by

Employees at a number of these companies were advised to take caution when traveling to and from work and even told to stay inside during meal breaks.

The poison fruit of Democrat rule.

Blue Shield and Clorox Hire Security To Help Employees

By: Liberty Mass, January 30, 2024:

The city of Oakland, California has been facing a significant crime surge in recent years, prompting major employers in the state to take action to protect their workers.

Blue Shield, a health insurance provider, and Clorox, a cleaning and household products company, have both announced plans to improve the safety of their employees by providing them with security escorts and other measures. This comes after a report by CBS News Bay Area revealed that workers at these companies were advised to take caution when traveling to and from work and even told to stay inside during meal breaks.

A representative from Blue Shield stated that the company is committed to supporting the safety of their employees, and has implemented various options to ensure their well-being. This includes providing ridesharing services, paid parking, and private security to employees when they come into the office. In a statement to Fox News Digital, Blue Shield highlighted the need for city, county, and state leaders to work together with the community to improve safety in Oakland.

Similarly, Clorox expressed their commitment to prioritizing the safety and security of their workers. In a statement to Fox News Digital, the company stated that it has been working with other local businesses to collaborate on ways to make Oakland a safer place for everyone. Operating out of Oakland for over 110 years, Clorox has a strong connection to the community and is devoted to making a positive impact.

The rise in crime in Oakland has been alarming, with a 21% increase in violent crime in 2022 compared to the previous year. Robberies have increased by 38%, and burglaries by 23%. The city also reported a total of 120 homicides, which is the second consecutive year of this number. This alarming trend has not gone unnoticed, with major employers like Blue Shield and Clorox taking action to protect their employees.

Blue Shield and Clorox are not the only companies in Oakland that have advised their workers to take safety precautions when coming to and leaving work. Kaiser Permanente, the largest employer in Oakland, has also issued a memo urging its employees to stay inside for meals due to a string of local robberies. In a statement to multiple media outlets, Kaiser emphasized their commitment to ensuring the safety of their employees and continually monitoring their environments for any potential concerns.

Read more.

AUTHOR

Pamela Geller

RELATED ARTICLES:

The Border Catastrophe

Moms For Liberty: Exposé on Slander by NYC Democrat Politicians and Leftwing Media

Jack Smith’s Trump Case in DC has been REMOVED FROM THE COURT CALENDAR

POSTS ON X:

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

The Congressional Uni-Party Continues to Bury America, like Venezuela, Deeper and Deeper into Debt

/in , , , , , , , , /by

The Constitutional Republic of the United States is currently being run like a Communist Venezuelan “Democracy.”

The interest alone on the out of control U.S. national debt is approaching the annual appropriations price tag for our military and national security defense expenditures.

Megan Henney  from FOX Business reported,

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.

The national debt — which measures what the U.S. owes its creditors — fell to $34,088,375,076,993.31 trillion as of Wednesday afternoon, according to the latest numbers published by the Treasury Department. That is down about $21 billion from the $34,109,378,375,744.03 figure reported the previous day.

By comparison, just four decades ago, the national debt hovered around $907 billion.

The Congressional House Republican and Democrat Communist ran Uni-Party control all expenditures from the Treasury Department.

So the buck stops with those individuals in the Uni-Party congress approving the appropriations currently burying our nation in debt. Instead of a balanced budget they continue to fund useless back door Continuing Resolutions.

Our fractured political system Is ran by two incompetent political parties with massive corruption and the rampant tax and spend fleecing of the American tax payer will probably eventually collapse our economy.

The fake news media continues to blame former President Trump for adding 2 trillion plus to the deficit for his tax cuts instead of blaming the congress for failing to stop the insane spending.

This intentional internal attack on our republic by the Uni-Party Communists will eventually lead to another civil war in my opinion.

Our founding fathers did make sure to include a 2nd amendment in our Bill of Rights to prepare for and approve of this eventuality.

Right now we also have political prisoners incarcerated for trying to bring attention to a massive fraud election via a peaceful (for the most part) constitutionally protected 1st Amendment protest on the Capital on January 6th 2021.

Now in February 2024, Instead of securing our borders with walls and razor wire the Communists are trying to decide how much money to borrow from Communist China to build walls and put razor wire around judicial buildings in the swamp filled Washington, D.C.

This tax payer expense is for Trumps upcoming banana republic trial initiated by Biden’s Marxist weaponized Justice Dept.

Apparently the Biden Administration is afraid of we the people initiating action to protect Trump from their illegal fraud prosecution of our former President vice securing our borders.

As an example, over 7.7 million Venezuelans have left Venezuela, a nation that the United States Congress and Biden economic policies are emulating.

Where can Americans flee now to escape political persecution and the economic turmoil headed our way if our nation collapses like Venezuela?

My Venezuelan wife was granted asylum in the republic of Colombia for 10 years before relocating to Florida to be with me via the “legal” immigration process.

Let’s not destroy our republic with the Biden Uni-Party Marxist agenda as there is no place else left to go.

The majority of the 800,000 Venezuelans and two million plus Cubans living legally in the USA support Trump.

Those who have been granted U.S. citizenship will no doubt be voting for him. They have no place else to go for freedom.

So take a stand and vote in November 2024 to return Trump back to the White House. Our children and grandchildren are depending on us and Trump to keep them free.

©2024. Geoff Ross. All rights reserved.

RELATED ARTICLE: U.S. National Debt of $34,088,375,076,993.31 Trillion is a Ticking Time Bomb

POST ON X:

UPS Cuts 12,000 Jobs

/in , , , , , , , /by

“Our members just ratified the most lucrative agreement the Teamsters have ever negotiated at UPS. This is the richest national contract I’ve seen in my more than 40 years of representing Teamsters at UPS. There are more gains in this contract than in any other UPS agreement and with no givebacks to the company.” — Teamsters General Secretary-Treasurer Fred Zuckerman, Teamsters website

Thank the Teamsters.

They got huge raises …. ” the most lucrative agreement the Teamsters have ever negotiated at UPS.” which led to massive layoffs.

UPS is cutting 12,000 jobs

By Chris Isidore, CNN

UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs.

The job cuts come as UPS issued a disappointing sales outlook for this year, saying it expects global revenue of between $92 billion to $94.5 billion. That would be up from the $91 billion in revenue it reported for 2023, but analysts surveyed by Refinitiv had been expecting revenue of at least $95.6 billion.

UPS lost business last year as customers concerned about a possible strike by the Teamsters shifted shipments to rival carriers, such as FedEx. Although UPS said it expects to get most of that business back, it had won back only about 60% of that lost business…

Read more.

AUTHOR

Pamela Geller

POST ON X:

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

U.S. National Debt of $34,088,375,076,993.31 Trillion is a Ticking Time Bomb

/in , , , , , , , , , /by

As the crushing crises increase at dizzying speed, it’s almost impossible to know where to look first.

Whiplash. And perhaps the Democrats objective.

U.S. national debt tracker for Jan 25, 2024: See what American taxpayers (you) owe in real time

US national debt is climbing at rapid pace — and shows no signs of slowing down

By Megan Henney · FOX Business

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.

The national debt — which measures what the U.S. owes its creditors — fell to $34,088,375,076,993.31 trillion as of Wednesday afternoon, according to the latest numbers published by the Treasury Department. That is down about $21 billion from the $34,109,378,375,744.03 figure reported the previous day.

By comparison, just four decades ago, the national debt hovered around $907 billion.

The unrelenting increase is what prompted Fitch Ratings to issue a surprise downgrade of the nation’s long-term credit score in mid-2023. The agency cut the U.S. debt by one notch, snatching away its pristine AAA rating in exchange for an AA+ grade. In making the decision, Fitch cited alarm over the country’s deteriorating finances and expressed concerns over the government’s ability to address the ballooning debt burden amid sharp political divisions.

“This is a warning shot across the U.S. government’s bow that it needs to right its fiscal ship,” Sean Snaith, an economist at the University of Central Florida, told FOX Business. “You can’t just spend trillions of dollars more than you have in revenue every year and expect no ill consequences.”

The outlook for the federal debt level is bleak, with economists increasingly sounding the alarm over the torrid pace of spending by Congress and the White House.

The latest findings from the Congressional Budget Office indicate that the national debt will nearly double in size over the next three decades. At the end of 2022, the national debt grew to about 97% of gross domestic product. Under current law, that figure is expected to skyrocket to 181% at the end of 2053 — a debt burden that will far exceed any previous level.

Should that debt materialize, it could risk America’s economic standing in the world.

Read more.

AUTHOR

Pamela Geller

POSTS ON X:

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

WARNING: Florida’s County Commissioners are Losing Housing Makeup Authority

/in , , , , , , , /by

Once again the Florida State legislators are diminishing local authority regarding the housing make up of the county.

Considering the illegal problem we have in the state, and knowing that most agriculture is done with equipment, why do the Florida State legislators feel the need to change the makeup of the county without local input?

These bills should never pass. Soon there will be no reason the have local elected officials.

That is a Great Reset goal. Please share

In 2023 they passed CS/SB 102

Housing; Citing this act as the “Live Local Act”; deleting the authority of local governments to adopt or maintain laws, ordinances, rules, or other measures that would have the effect of imposing controls on rents; providing an exemption from ad valorem taxation for land that meets certain criteria; authorizing local governments to adopt ordinances to provide an ad valorem tax exemption for portions of property used to provide affordable housing meeting certain requirements; suspending, for a specified period, the General Revenue Fund service charge on documentary stamp tax collections; authorizing the Governor, under the Florida Job Growth Grant Fund, to approve state or local public infrastructure projects to facilitate the development or construction of affordable housing, etc.

APPROPRIATION: $711,000,000

In 2024 they are now attempting to pass HB 1051 and SB1082

HB 1051

HB 1051 General Bill by Agriculture, Conservation & Resiliency Subcommittee and Tuck and Alvarez (CO-SPONSORS) McClure

Housing for Agricultural Workers: Prohibits governmental entity from inhibiting construction of housing for agricultural workers on certain agricultural land; provides requirements for construction or installation of specified housing; requires local ordinances comply with certain regulations; authorizes adoption of local land use regulations that are less restrictive than certain state & federal regulations; provides requirements for record maintenance; provides for the suspension & removal of use of certain housing units; specifies applicability of certain permit allocation systems; authorizes continued use of certain housing sites constructed if certain conditions are met.

Effective Date: July 1, 2024

SB1082

General Bill by Agriculture, Conservation & Resiliency Subcommittee and Tuck and Alvarez (CO-SPONSORS) McClure

Housing for Agricultural Workers: Prohibits construction of housing for agricultural workers on certain agricultural land; provides requirements for governmental entity from inhibiting construction or installation of specified housing; requires local ordinances comply with certain regulations; authorizes adoption of local land use regulations that are less restrictive than certain state & federal regulations; provides requirements for record maintenance; provides for the suspension & removal of use of certain housing units; specifies applicability of certain permit allocation systems; authorizes continued use of certain housing sites constructed if certain conditions are met.

Effective Date: July 1, 2024

©2024. Karen Schoen. All rights reserved.

Leadership Of Major U.S. Landowner Chock-Full Of Chinese Communist Party Members

/in , , , , , , /by

Top executives at Hong Kong-based WH Group Limited, the world’s largest pork producer that controls vast swaths of U.S. farmland through its American subsidiary, are Chinese Communist Party (CCP) members, according to a Daily Caller News Foundation review of corporate records and state-run media reports.

Records and reports reviewed by the DCNF identify four top executives and the chairman of the pork giant as CCP members with extensive ties to the Chinese government. WH Group controls nearly 150,000 acres of land across 29 U.S. states through its subsidiary Smithfield Foods, a family-run business established in 1936, which it purchased for $7.1 billion in 2013. While a keyword search on Smithfield’s website returned only two articles mentioning the firm’s relationship with WH Group, neither of the two articles mentioned China. An online map of Smithfield’s global business activities does not list any operations in, or connection to, Asia, despite archived reports from their website suggesting otherwise.

Revelations about WH Group’s CCP and Chinese government ties, which the DCNF found by cross-referencing the firm’s roster with Chinese-language news reports and corporate records, come as Republicans push for bans on Chinese rural land purchases, in particular, those close to U.S. military bases.

“It is no joke to join the Chinese Communist Party,” Matt Shoemaker, a former Defense Intelligence Agency officer, told the DCNF. “You cannot just walk in and sign-up. You have to show that you are a true believer.”

Several states, including Florida, have taken legislative and executive action to ban Chinese ownership of U.S. farmland. Recently, Missouri Gov. Mike Parson issued an executive order banning such purchases near military installations. GOP lawmakers also recently pressed the Biden administration to launch an investigation into the second-largest foreign owner of U.S. land after his CCP membership came to light.

“No foreign government should be owning American farmland,” said Shoemaker, who is running for Congress in North Carolina as a Republican. “It is a national security issue, for obvious reasons.”

WH Group’s chairman, Wan Long, as well as multiple board members and some senior management were identified as CCP members in a 2022 Chinese-language stock exchange filing from a subsidiary called Shuanghui Investment and Development Co. (SIDC). WH Group and Chinese corporate records from SIDC also show that WH Group’s chairman and several top executives hold, or previously held, Chinese government positions.

Between 2010 and 2021, the amount of U.S. land owned by Chinese entities skyrocketed from 13,730 acres to 383,935 acres, according to USDA reports.

Smithfield operates half a dozen distribution centers, nearly 20 direct store delivery services, 36 feed mills, as well as more than 40 production plants and 2,400 farms across 29 U.S. states, according to the firm’s website. In total, WH Group owns 146,000 acres in the U.S., according to a 2018 report by the Economic Research Service of the U.S. Department of Agriculture (USDA).

“Smithfield Foods, Inc. holds a substantial market share in the U.S. pork industry, accounting for approximately 26% of the total market share,” according to trade publication Essential Protein Trade & Shipping News.

In a bygone era, GOP governors might have welcomed Chinese investment into rural industries and communities. Now, it’s become a major source of concern as relations between the U.S. and China continue to sour.

South Dakota Republican Gov. Kristi Noem told the DCNF her office has had “a lot of hard conversations” with Smithfield’s leadership, adding she now believes the company poses a national security threat.

“Any time it felt like we would have the opportunity to work together, it ended up not going as well as I hoped,” Noem said. “I think a lot of that has to do with the fact that Smithfield is owned by China.”

Smithfield did not respond to multiple requests for comment.

‘The CCP’s Long-Term Strategy’

WH Group Chairman Wan Long is among the company’s senior leadership who is a CCP member with Chinese government ties, a DCNF review of corporate business filings and Chinese state media reports found.

An archived business profile on SIDC’s website identifies Wan Long as a CCP member.

SIDC is “the largest animal protein company in Asia” and its products include “chilled fresh pork and packaged meat products,” according to Smithfield’s website.

The DCNF reviewed and carefully translated key sections of SIDC’s Chinese-language website, which contains extensive information about WH Group executives’ CCP and Chinese government ties that are absent from WH Group’s English-language website.

Born in 1940, Wan Long joined the People’s Liberation Army (PLA) at the age of 20 before entering China’s meat industry, according to Chinese state-run media outlet People’s Daily. Wan Long has since earned various Chinese government positions and state awards, his archived SIDC profile states.

Between 1998 and 2018, Wan Long served as a representative to the National People’s Congress, according to his archived SIDC profile. The National People’s Congress operates “under the leadership” of the CCP, and its officials are “invariably influential members of the CCP and leaders of major mass organizations,” according to the Congressional Executive Commission on China.

SIDC’s archived website also notes that Wan Long has received a “special allowance” from China’s State Council. This refers to a reward system created to “strengthen and improve the work of the Party’s intellectuals,” according to the state-run China News Service. The tax-free reward ranges from a monthly stipend of roughly $85 to an approximately $2,800 lump sum payment, according to China’s Ministry of Human Resources and Social Security. However, it is unclear if Wan Long still receives this government reward.

Wan Long also earned the honorific “senior political engineer” from the Chinese government, according to his archived SIDC profile. Senior political engineers are required to possess a “relatively systemic grasp of Marxism-Leninism, Mao Zedong Thought and Deng Xiaoping Theory,” according to the State Council’s State-Owned Assets Supervision and Administration Commission.

China’s United Front Work Department (UFWD) also named Wan Long as one of 100 “Outstanding Private Entrepreneurs In The 40 Years Of Reform And Opening-Up” in 2018, according to the All-China Federation Of Industry And Commerce, a UFWD subordinate agency that co-sponsored the award.

The UFWD engages in “influence activities and intelligence operations,” according to the House Select Committee on the CCP.

SIDC’s 2022 filing on the Shenzhen Stock Exchange also identifies three WH Group senior managers — Qiao Haili, Wang Yufen, Liu Songtao — and WH Group executive director Ma Xiangjie as CCP members. All four WH Group executives hold high-level positions at SIDC.

Ma Xiangjie was also elected to serve as a National People’s Congress delegate in Henan province, according to that government body’s website. Delegates are elected by “the People’s congresses at the provincial level as well as by the People’s Liberation Army,” according to the Congressional-Executive Commission on China.

A local branch of the All-China Federation Of Industry And Commerce named Ma Xiangjie as one of Henan province’s people of the year between 2019 and 2020, according to the UFWD-affiliate’s website.

Yet, it is unclear just how many CCP members WH Group employs.

SIDC, on the other hand, has employed hundreds, according to the Communist Party Member Network’s website, which is operated by the CCP’s Organization Department.

“In recent years, over 300 new Party members have been recruited, strengthening the Party’s troops,” reads SIDC’s Communist Party Member Network profile. “Currently, Shuanghui Development’s senior executives include 17 Party members, constituting 85% [of all senior executives]; six business department general managers are Party members; six Party members are among the seven management department directors; all project managers are Party members; and 47% of the firm’s mid-level cadre are Party members.”

‘Update CFIUS’

When WH Group purchased Smithfield in 2013, the acquisition “received clearance” from the Committee on Foreign Investment in the United States (CFIUS).

CFIUS reviews foreign investments into the U.S. on the grounds of national security, the Treasury Department website states. Multiple U.S. government agencies participate in the CFIUS process, including the Department of Justice, the Department of Defense and others, according to the Treasury Department, which is also involved in that process.

“We are pleased that this transaction has been cleared by CFIUS, and we thank the Committee for its careful attention to this review,” Smithfield’s CEO and president at the time, C. Larry Pope, said at the time, according to an SEC filing.

Over a decade later, House Republicans see CFIUS’ approval of WH Group’s purchase of Smithfield as a case study in why the body needs to be reformed.

“What we need to do is update CFIUS to ensure that it has jurisdiction over all foreign adversary land purchases, and to ensure that it has the ability to consider U.S. food security as a factor in assessing the potential risk of a transaction,” Wisconsin Republican Rep. Mike Gallagher, who chairs the House Select Committee on the CCP, told the DCNF.

Iowa Republican Rep. Ashley Hinson said the CCP has “nefariously exploited loopholes to buy U.S. land, so they can exert control over our food supply and undermine our national security.”

“This is all part of the CCP’s long-term strategy to hurt America and our interests — whether it’s garnering valuable U.S. military intelligence or interfering with our food supply chain,” Hinson told the DCNF. “We cannot allow another acre of U.S. land to get into the hands of the CCP.”

WH Group, SIDC, Wan Long and CFIUS did not respond to multiple requests for comment.

AUTHOR

PHILIP LENCZYCKI

Investigative reporter.

RELATED ARTICLE: EXCLUSIVE: Second-Largest Foreign Owner Of US Land Is A Chinese Communist Party Member

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

DEI/DIE the Virgin Skies: ‘Um… Why Is Our Plane’s Wing Missing All Those Screws?’

/in , , , , , , , /by

“You can deny reality but you cannot avoid the consequences of denying reality.” — Ayn Rand.

‘Um… Why Is Our Plane’s Wing Missing All Those Screws?’

Another one of these disconcerting stories has cropped up suggesting that we may have a wider problem than previously suspected. It’s not nearly as bad as the door plug blowing out of a Boeing 737 Max over Portland, but it’s still troubling. Back on January 15, a passenger at Manchester Airport in the UK was awaiting takeoff on a flight to New York City when he noticed something unusual out the window. He was seated near the wing of the aircraft and he saw that one panel on the wing had a number of screws missing. Somewhat alarmed, he called it to the attention of a flight steward. A maintenance worker was summoned and the flight was delayed while they attended to the missing hardware on the wing. (NY Post)

A New York-bound Virgin Atlantic flight was canceled just moments before takeoff last week when an alarmed passenger said he spotted several screws missing from the plane’s wing.

British traveler Phil Hardy, 41, was onboard Flight VS127 at Manchester Airport in the UK on Jan. 15 when he noticed the four missing fasteners during a safety briefing for passengers and decided to alert the cabin crew.

“I’m a good flyer, but my partner was not loving the information I was telling her and starting to panic, and I was trying to put her mind at rest as much as I could,” Hardy told the Kennedy News agency of the moment he spotted the missing fixings.

The passenger took photographs of maintenance people with screwdrivers fiddling around with the panel where the missing hardware was noticed. (You can see the pictures in the linked article.) But then the flight was canceled and everyone was booked on other flights while they pulled the plane back for additional inspection and maintenance.

Read more.

AUTHOR

Pamela Geller

POST ON X:

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Electric Vehicles are Fleecing Us Out of Billions

/in , , , , , , , , /by

When you buy a new internal combustion vehicle, you are also paying for someone else’s electric vehicle.

While the subsidies are egregious enough, it turns out EV manufacturers are fleecing us out of billions, and doing it with government help.

Attorneys Michael Buschbacher and James Conde explain at The Wall Street Journal:

When carmakers test gasoline-powered vehicles for compliance with the Transportation Department’s fuel-efficiency rules, they must use real values measured in a laboratory. By contrast, under an Energy Department rule, carmakers can arbitrarily multiply the efficiency of electric cars by 6.67. This means that although a 2022 Tesla Model Y tests at the equivalent of about 65 miles per gallon in a laboratory (roughly the same as a hybrid), it is counted as having an absurdly high compliance value of 430 mpg. That number has no basis in reality or law.

Government subsidies and mandates wildly distort automobile production.  And as Buschbacher and Conde further explain, this funny math sucker punches us all, right in the wallet:

For exaggerating electric-car efficiency, the government rewards carmakers with compliance credits they can trade for cash. Economists estimate these credits could be worth billions: a vast cross-subsidy invented by bureaucrats and paid for by every person who buys a new gasoline-powered car.

CFACT has been educating the public on the myriad follies stemming from government pushing us to buy electric vehicles for years.

Buschbacher and Conde remind us that makers of diesel vehicles, Volkswagen in particular, were fined tens of billions of dollars for fudging their emissions compliance math.

There should be no double standards for EV manufacturers fudging their math to cash in on compliance credits.

The government agencies enabling EV makers to fleece the public should be called to account as well.

AUTHOR

Craig Rucker

Craig Rucker is a co-founder of CFACT and currently serves as its president. Widely heralded as a leader in the free market environmental, think tank community in Washington, D.C., Rucker is a frequent guest on radio talk shows, written extensively in numerous publications, and has appeared in such media outlets as Fox News, OANN, Washington Times, The Wall Street Journal, and The Hill, among many others. Rucker is also the co-producer of the award-winning film “Climate Hustle,” which was the #1 box-office film in America during its one night showing in 2016, as well as the acclaimed “Climate Hustle 2” staring Hollywood actor Kevin Sorbo released in 2020. As an accredited observer to the United Nations, Rucker has also led CFACT delegations to some 30 major UN conferences, including those in Copenhagen, Istanbul, Kyoto, Bonn, Marrakesh, Rio de Janeiro, and Warsaw, to name a few.

EDITORS NOTE: This CFACT column is republished with permission. ©All rights reserved.