An interesting article within The Atlantic draws attention to one of the more intended consequences of Maganomics: wages for the middle-class Americans are rising twice as fast as wages for high-income earners.
This dynamic is directly attached to President Trump’s MAGAnomic policy that focuses wage and income benefit directly to Main Street, “production economy”; and reverses the process that was driving benefit to U.S. multinationals on Wall Street, the “service-driven” economy. As noted in The Atlantic:
[…] According to analysis by Nick Bunker, an economist with the jobs site Indeed, wage growth is currently strongest for workers in low-wage industries, such as clothing stores, supermarkets, amusement parks, and casinos. And earnings are growing most slowly in higher-wage industries, such as medical labs, law firms, and broadcasting and telecom companies. (more)
While there are not technically going to be direct losers in a Main Street economy, there will undoubtedly be some amid the investment class who will be lesser-winners.
The reasoning is really quite simple. There are many people attached to the Wall Street economy who ran-up wealth via the process of de-industrialization of America.
Anyone who gained income through the process of multinational export of investment and jobs, specifically U.S. based multinationals, are naturally going to see negative impact as the reverse takes place.
Multinational investment assets held overseas are precariously positioned, as the Trump’s ‘America-First’ trade policy starts to get teeth. Any U.S. corporation who attempts to fight against the tariff process will find themselves expending a large amount of money while simultaneously losing the ‘price’ advantage;…. And they will be simultaneously positioned to lose market share to U.S-based, or North American-based, competition.
This is why the USMCA becomes important. Once the USMCA is ratified it gives U.S. multinationals a definitive long-term position, from which they can calculate their costs.
A tenuous supply chain/manufacturing position in China or Asia, with unknown short-term risks to rising production costs, can be reconciled against a North American supply chain and/or manufacturing position that is well defined and predictable.
It is within this policy dynamic where the ultimate MAGAnomic winners and losers will be found. Right now the multinationals are trying to keep prior Asia investments viable; however, the clock is ticking. Those unknown variables have a cost.
“The first loss is the best loss“… and right now President Trump is pressuring U.S. corporations to consider this truism carefully.
Maybe the press and the dems are so mesmerized by the sight of the wall going up that they don't see all the trebuchets set up 20 yards behind them. Border Patrol keeps them running morning to night... have to with some 26 million deliveries to Mexico to make before the 2020 election.
President Trump rallied last night in Louisiana to support a challenge to incumbent Democrat Governor John Bel Edwards. The goal is to hold JBE under 50% and force a run-off against a republican challenger.
The national Democrats have made this race a referendum on the Trump impeachment agenda, saying if JBE can win in Louisiana then it proves Trump is weak enough to be impeached.
Mr. Edwards has tried not to make this a national referendum.
If President Trump and the Republican challengers, U.S. Representative Ralph Abraham and businessman Eddie Rispone, can hold Edwards to less than 50%, then one of them will challenge Governor Edwards in a state-wide runoff for the governor position.
UPDATE: Mission Accomplished. John Bel Edwards has been held under 50% and will face Republican businessman “Eddie” Rispone in a run-off to decide the governors race.
I went back home to Ohio's Trump country. In Appalachia, honest people have hope again. Jason Williams, Cincinnati EnquirerPublished 11:44 a.m. ET Oct. 15, 2019 | Updated 11:53 a.m. ET Oct. 15, 2019
Columnist Jason Williams returned to his hometown of Gallipolis, Ohio, in the heart of Trump country. Here's why it was such a challenging assignment.
GALLIPOLIS, Ohio – I've been a journalist for 21 years. I've never struggled to write something as much as I have this column.
The assignment: Go back to the place where I grew up, here in the middle of Ohio's Appalachian region across the river from West Virginia, talk to family and friends and my hometown people and offer a perspective on the heart of Trump country that few others in the media can.
Trump won 76% of the vote in Gallia County three years ago, his largest margin among Southeast Ohio counties. His sweeping success across Ohio's Appalachian region — he won 30 of the state's 32 such counties — played a big part in sending him to the White House.
This poverty-stricken area, nestled amid the picturesque Appalachian foothills about 150 miles east of Cincinnati, continues to stand firm behind Trump. And rural Ohio very well could play a part in re-electing him, barring impeachment.
That is, unless the Democratic candidates somehow miraculously start talking about real-world issues like jobs and safety. Tuesday night would actually be a great time for them to start appealing to everyday Americans, when the candidates debate 125 miles north of here in Westerville.
I thought this would be a fun story to do.
Mocked just for being from Appalachia
Here's why: Many of my family, friends, former teachers, coaches, classmates and church congregates — and all their friends — in this county of 30,000 people are Trump supporters, and I didn't want to put them out there, by name, for the trolls to feast on.
I love my hometown and its people too much.
These folks already get made fun of enough for being from Appalachia. They're good, respectful people who are focused on taking care of their families. They want to be left alone. They don't care about stupid Twitter wars, and I don't want to be responsible for thrusting them into the vicious rhetorical crossfire between leftist activists and Trump sycophants.
I quickly came to the realization that this was going to be a challenge soon after arriving for my 2½-day stay in early September. I found that a lot of folks didn't want to talk about Trump. They didn't want to put themselves out there for fear of being verbally bludgeoned on Facebook and Twitter or in the grocery store or even at church
And those who did want to talk, well, they seemed to speak for those who wanted to remain silent: They're tired of certain cable news networks and the leftist political class stereotyping them as a bunch of toothless, racist, backwoods rubes.
"I don't want to talk about it because you can't have an opinion unless it's their opinion," an African American Trump supporter said about the left. "Either you believe the way they believe, or you're a racist or a homophobe. The reason I'm working is because of what Trump's done. I just want to put my hard hat on and go to work every day."
The man, who added he's a registered Democrat, talked to Enquirer photographer Albert Cesare and me for nearly an hour on his front porch on a hot evening. He said a lady at his church had given him grief for supporting "racist" Trump, but the man said he's seen no hard evidence that's true.
The man then abruptly said he wanted no part of the story, stepped inside his house and closed the front door, leaving us sitting on the porch dumbfounded.
I didn't blame him one bit.
Trump, the lesser of two evils
The truth is, these aren't a bunch of Bible-thumping hillbillies. I spoke with nearly 20 Trump supporters. Most of them didn't want to be quoted, but every single one of them said the No. 1 thing they like about Trump is he's focused on jobs. Nothing about Russia or building walls or locking anyone up.
I know it's hard for the out-of-touch political class that's obsessed with hating Trump and all his supporters to fathom this, but there aren't stereotypes on every street corner and dirt road here.
I put over 100 miles on my SUV driving around Gallia County, where I grew up in a middle class home on a 100-acre farm. I walked around our little downtown of Gallipolis, population 3,500 and the county seat. I hung out for hours at Remo's Italian Hotdogs, Bob Evans, Montgomery's Barber Shop, Shake Shoppe, Courtside Bar and Grill and McDonald's – all the cool places.
I saw no MAGA-hat wearers.
I saw two Trump flags hanging from front porches, each on opposite ends of the county.
I saw one Trump bumper sticker, and it was on a luxury SUV. My colleague saw a "Trump 2020" doormat on a houseboat.
The only other time I saw or heard anything about Trump was when my dad was watching Fox News' "The Five" in the afternoon. It's something he enjoys in retirement after spending nearly 38 years working in one of the county's two coal-fired power plants along the Ohio River, raising three sons and tending to my late grandfather's farm.
Ironically, I often see more leftover Obama bumper stickers during my 15-minute commute to The Enquirer than I saw Trump signs back home.
If I go back in a year, maybe it'll be different. Or perhaps it's an indication that there's not this wide-spread obsession with Trump – and never has been – in the areas where he dominated at the polls. It might be hard for some to grasp this, but don't believe everything you read in the alt-reality world of social media.
Every person I talked to about Trump, generally said:
He was the lesser of two evils — and still is.
I like what he's doing on the economy.
I wish he'd stop tweeting.
Sounds like the same thing Trump supporters in Greater Cincinnati — and everywhere else in Ohio — say.
In Appalachia, people have hope again
Look, there's no deep, why-do-these-people-love-Trump-so-much meaning here. Gallia County has long been really Republican.
This is the home of the late Bob Evans, where his namesake restaurant was founded in 1948. His family's money has influenced GOP politics in Gallia County for decades. Bill Clinton in 1996 is the last Democratic presidential candidate to win the county. Before that, the county hadn't gone for a Democrat in a presidential election since 1964 (Lyndon Johnson).
Gallia County supported Republican Mike DeWine in his failed re-election bid for the U.S. Senate in 2006. Every other county in southeast and eastern Ohio went for Sherrod Brown.
It's easy to see why the economy is top of mind. Gallia County is one of the poorest counties in the state. The power plants and the region's main hospital are among the few options for good-paying jobs.
Trump's policies are rooted in reality
I can remember coming home a decade ago and there were four of those sleazy, check-cashing places within a 2-mile radius. All of the stores where we shopped growing up — Haskins-Tanner clothiers, Knight's Department Store, Carl's shoe store — had been shuttered.
But the residents have optimism like I haven't seen in a long time. Gallia County's unemployment rate is 5.6%, the lowest its been since 1979. Most of the storefronts in Gallipolis again have businesses. Some residents attribute that to Trump, though the economy was showing signs of rebounding before he was elected.
Trump doesn't deserve all the credit. I've always felt like he played places like Gallipolis and Ohio's other blue-collar areas on the economy.
Things are better, yes, but it doesn't mean happy days are here again. Gallia County's workforce is a staggering 20% smaller than it was in the early 1970s, and the current unemployment rate is still higher than the U.S. (3.8%) and Ohio (4.2%).
I covered Trump's Youngstown rally in July 2017, when he implored people not to sell their homes and promised to bring back steel mills. The crowd erupted into a deafening cheer.
It was an unrealistic promise that factories are coming back, and it's bothered me ever since. But I'm glad people have hope again.
I'll go back home several more times before the 2020 election. Maybe I'll keep you updated on whether this area breaks away from Trump or solidifies around the president as the impeachment process continues.
Or maybe I'll just leave everyone alone and go tear up some trails on my dad's Polaris.
Donald Trump is the absolute best candidate for a current presidency because he is representing the people. What do we as "the people" need? Just what POTUS displays...being outspoken, having guts, determination, honesty, persistence and an exemplary work ethic.
Funny how that happens. Recep Erdogan realized his Turkish forces were facing off against Kurdish military, the Syrian Army, and Russians. As a result of President Trump proclaiming the NATO ally was all alone; Erdogan was, as we anticipated, naked to an alliance of his enemies. Additionally, the Turkish economy was going to be destroyed by sanctions.
Vice-President Mike Pence and Secretary of State Mike Pompeo gave President Erdogan the only way out that would avoid him being crushed militarily and economically; and simultaneously positioned the deal such that Erdogan could save face domestically and declare a win. The Kurdish forces will pull back allowing a 20 mile buffer region.
Brilliant all around geopolitical strategy by the Trump administration; and now all the pontificating war-mongers on Capitol Hill seem ridiculous.
Here’s President Trump’s presser from the tarmac in Texas. [Video Below – Transcript ADDED]
Harriet Tubman $20 Bill Is Delayed Until Trump Leaves Office, Mnuchin Says
WASHINGTON — Harriet Tubman — former slave, abolitionist, “conductor” on the Underground Railroad — will not become the face of the $20 bill until after President Trump leaves office, Treasury Secretary Steven Mnuchin said Wednesday.
Plans to unveil the Tubman bill in 2020, an Obama administration initiative, would be postponed until at least 2026, Mr. Mnuchin said, and the bill itself would not likely be in circulation until 2028.
Until then, bills with former President Andrew Jackson’s face will continue to pour out of A.T.M.s and fill Americans’ wallets.
Mr. Mnuchin, concerned that the president might create an uproar by canceling the new bill altogether, was eager to delay its redesign until Mr. Trump was out of office, some senior Treasury Department officials have said. As a presidential candidate in 2016, Mr. Trump criticized the Obama administration’s plans for the bill.
The word “coup” shifted to a new level of formalized meaning last week when members of the political resistance showed up to remove President Trump wearing military uniforms.
Not only did U.S. military leadership remain silent to the optics and purpose, but in the testimony of Lt. Col. Alexander Vindman he admits to giving instructions to ignore the instructions from a sitting United States President.
In the absence of push-back from the Joint Chiefs, from this moment forth, the impression is tacit U.S. military support for the Vindman objective.
NOW Look at the date on this one. Anybody want to explain to me that no progress is being made?
Problem identified, problem solved................
National Security Adviser Robert O’Brien continues to impress today as he appears on Face the Nation for an interview with the ever-emotional and overly-dramatic resistance dingbat Margaret Brennan. [Transcript of Interview Here]
In 2016 and 2017 President Trump said NATO was obsolete and the moonbats went bananas; NATO is the only thing saving the planet Brennan claimed. Fast forward to 2019… Trump meets with a NATO nation leader (Erdogan) and the moonbats go bananas; NATO is a horrible construct, Erdogan bad. Yes, liberal apoplexy is contagious in groups.