Since former Starbucks Corp founder Howard Schultz gave a 60 Minutes interview that he was exploring running for president as a centrist independent, the left has been buzzing. Quite a few of my liberal friends agree as they feel this gives their nominee a better chance to defeat tyrannical dictator Donald Trump in 2020. They could not be further from the truth, and I’m going to explain why.
Howard Schultz is not very centrist, he definitely lines up with the left more than the right, especially if you look at the policies put into place by Starbucks during his reign as chair and CEO. But I am not going to discuss his politics, I’m going to take his run at face value and assume he will have moderate tendencies.
First and foremost let’s discuss where Schultz will play best on the ballot: Washington, Oregon, California, New York, New Jersey, likely a handful of New England Area states, maybe the upper Midwest, and possibly Florida. On one hand, yes, Schultz would not have a big effect in quite a few stronghold states for the Democrats: CA, IL, MD, and VT and OR.
However, look a little closer at some other states and if you are a Democrat there is major cause for concern: MI, MN, PA, and WI were barely won by Trump (MI, PA, WI) or barely a Hillary state (MN) if you assume Schultz gets 5% of the vote, Trump wins all 4 easily. VA, NV, ME and NH went to Hillary as well, under my formula, Trump would win them all. A couple other states like CO, Trump would barely lose. I think the Left Coast could get real interesting, a poor or wounded Democrat candidate could see Schultz score bigger percentages, leading to a closer call for Clinton winning. How does this help the Democrat cause at all? Now they have to attack Trump on one flank, while attacking Schultz on the other. It does not help their cause that Schultz is a billionaire like Trump and can self-fund his campaign with loads of cash.
Here is the issue, Schultz guarantees Trump wins re-election. The Left would go bonkers, and it would be all due to Howard Schultz. Please run Howard, do it for your country. People forget what H. Ross Perot did for Republican Presidential prospects; Democrats, now it’s your turn. Heck get Mark “#MeToo” Cuban to run on a separate ticket too, the time is now.
H. Ross Perot–Reform Party candidate. Known as a man that’s all ears.
By the way, here is how Schultz became the head of Starbucks….i guess the right to file suit for anything like ADA violations will continue to run rampant under a Schultz White House if elected, and I thought Trump was the bully with all the nasty lawyers?
“When he was running the coffee house Il Giorna, the owner of Starbucks (which then had only six locations in the Seattle area) approached Schultz to buy the six stores for $3.8 million. Schultz, while trying to raise the money, told his Il Giorna investors about the opportunity. One of those investors, who remains nameless to this day, contacted Starbucks and tried to buy out the coffeehouse without any involvement from Schultz. Schultz met with prominent attorney Bill Gates Sr. (yes, the father of you know who), and told him what had happened. Gates Sr. famously stormed into the office of the attempted buyer and told him that he would make his life hell by providing free legal representation to anyone injured on that man’s premises for the rest of his life, and the unnamed Il Giorna investor backed off.”
Bottom line……the only Schultz less qualified to run for President is Charles Schultz.
The bad news is you won’t get a tax refund from the IRS this year. The worse news is you will be writing Uncle Sam a large check.
But why? Didn’t we get a tax cut this year?
I will get to that in a moment but first let’s talk about a financial planner’s view of tax withholding.
Zero Due—In Theory
If you always get a tax refund, you are not having the correct amount withheld from your paycheck each month. Really you are making an interest free loan to the government in order to get a large refund.
On the other hand, if you always write a check on April 15th then you are not setting aside enough throughout the year for your taxes.
A financial planner would advise you to try to owe zero each year; not too much either way. Like you, I tended to ignore this advice and enjoyed a large refund. Sadly, those days are gone.
Trump Tax Cut
Trump did two things that will rock your fiscal world.
First, he reduced the amount withheld for Federal Taxes each month. This resulted in you having more take-home pay in 2018. Tax rates were cut; in addition, however, some deductions were also limited or abolished. This leads to the second point.
Second, a cap was placed on the deductibility of local taxes. This cap is $10,000. If you live in states that voted for Hillary, then you are likely in trouble. If you live on either Coast: California, Oregon, Washington, New York, New Jersey, etc. then buckle-up. If you are employed and own a home, you will hit the $10K limit. Here’s how it works.
Above is a portion of 2018 Schedule A
Line 5a
Supposed you had $6,500 withheld from your wages for California Payroll Tax and State Disability
Line 5b
You paid $4,578 in property taxes on your house in 2018
Line 5c
Remember the portion of your DMV bill that is deductible?
Line 5d
Congratulations, you are above the $10K limit
You now owe Federal Income Taxes on anything above the $10K limit. In the past all this was deductible. This was viewed as a subsidy to people living in high tax states. Why? Because the state could tax the snot out of you and the Feds allowed this taxation to be deductible. Thus, it awarded high local taxation.
The only other items on the Schedule A are Mortgage Interest and Charitable Giving. Unless these two are more than $14,000, you and the wife will get the standard deduction of $24K.
Also missing from the new Schedule A is Unreimbursed employee expenses—job travel, union dues, job education.
Also gone from the Form 1040 is the Individual Deduction.
If you are married, you can claim the Standard Deduction $24K plus a tax credit of $2K per child and that’s about it.
Impact
Last year between itemized and the individual deductions, a client was able to deduct $42K off their gross income. This year for the same client deductions total only $26K ( Standard Deduction plus one child). The one-year difference on the Schedule A is $18K. The net result of all tax changes is that their taxable income increase $22K over last year. Thus on April 15th, their refund is gone, and instead they get to write a large check to Uncle Sam.
Sample above was created using TurboTax–some numbers rounded for simplification
In 2018, you did enjoy more take home pay with the new and lower tax withholding. Under the new tax tables, the couple in the example above got about $250 more in their paychecks each month; but clearly, they need to visit their HR department and have more withheld in 2019 if they don’t want to write another large check next year.
Did Trump fail? I’m not so sure. He gets to do the State of the Union speech and once again make his case. He also has the emergency option that he can play. However, I don’t think any of this was his first choice.
Everyone thinks Trump can’t keep anything to himself and he just reacts and throws tantrums on Twitter, but I think that is not the case. I think there is more in play than appears at first glance.
First, he is not being public with the fact that his real problem is the Republicans in the Senate. I think the usual suspects (Lindsey Graham, Susan Collins, Lisa Murkowski, etc.) were ready to unilaterally surrender to the Democrats. This forced Trump to do a midcourse correction. He can’t throw them under the bus because he needs them to get judicial appointments confirmed.
Second, I think the ball is in Pelosi’s court and if she doesn’t make a counteroffer in the next few weeks, many Democrats will be peeled away to join Republicans and make a deal.
I expect Trump’s SOTU speech will be a Reagan-like address to ask people to call Congress and pressure their representatives to fix the border/immigration issue. I also think we will hear about his extensive list of accomplishments during his first two years. I also expect to hear about rebuilding infrastructure and other campaign promises; expect many proposals that should appeal to people in both parties.
Trump meant what he said when campaigning and the fact that he meant to say it and really believes it mystifies the crap out of the political class because they can’t imagine anybody that is honest with voters ever being elected. Politicians operate by telling voters at home what is they want to hear and then behaving as they will in Washington without ever being accountable for their actions.
Trump wants to unite us, but Washington is ruled by division and that is usually the purpose of the media coverage because controversy—ever if it is contrived— increases viewership and generates more advertising revenue.
Trump is still testing and prodding the new Congress to see what it takes to break the gridlock that everyone assumes will exist for the new two years. He didn’t run for office to preside over a “do nothing” Congress. He has experience working with Democrats in New York City and will eventually be able to work with some in the Congress to further his agenda.
Trump is playing the long game not just taking it one day at a time. What if Trump is playing chess with the Democrats and they are expecting him to play Republican checkers? They may greatly underestimate Trump to their detriment. I really hope so, it would be nice to see us turn this country away from the socialist iceberg.
Greetings fellow readers, we have a new series here starring Johnnie Does, he will be passing on conversations he has with naïve people regarding real life issues in our society. There should be no shortage of content since well…the naïve and hypocritical are everywhere. Let’s start things off with 2 conversations over the past week.
First off “90-Day Calendar Guy”
90-Day Calendar Guy happens to own a small business. Recently, he and I went out to lunch at a burger joint right near my office.
Let me back up. William and I talk about the 90-day calendar quite a bit, but as a refresher, it relates to the stock market and companies being required to report their quarterly results every 90 days. After said results are reported, the company will fire/raise prices/lower quality so next quarter’s numbers are better, innovation goes out the window in exchange for continued short-term gain. I call this local business owner “90-Day Calendar Guy” because he consumes at least 6 hours of CNBC, Fox Business, or Wall Street Journal daily! If anyone knows about earnings, the market etc. it’s him.
Now back to my lunch story…To set the scene, this restaurant is a quick service place, so you order at the counter, the menu is limited and your food comes out in about 10 minutes to your table. This place has 1 person work the till, 1 person to get the food to the table, and about 3 cooks in the kitchen. Our visit was during the lunch hour and there was a substantial line forming; we were about 7th in line. The line moved at a glacial pace. My colleague lost his cool, he started calling out to have the cooks come out and take orders….something they may not know/be able to do with our arcane food preparation laws. He proceeded to complain to the manager, because, well even though he owns the business and lunch hour could be extended at his whim, that wasn’t good enough for him. Our food came out later, we ate and headed back to the office. The entire time he could not believe what he just saw, saying they need to hire more staff or get a competent manager, I disagreed.
He could not believe my opposition to his ideas, so I hit him with knowledge that essentially ended it. I told him this is the 90-day calendar my friend and welcome to the real world. You love it when the numbers are good and when the numbers are bad you cheer cost cuts/layoffs, you cannot have it both ways!
Commentary
Here is the problem. You have a guy who feels he is more important than everyone else in the room. He must be under the impression that this small business operates similar to a Wal-Mart where you open another aisle if more than 2 carts are in line.
As far as his comments about getting the cook out of the kitchen, you obviously know very little about food safety laws, or maybe you just don’t care? Read some of the laws regarding handling ready to eat food, then touching a cash till or handling customer’s money, your head will spin. The fines are insane, and shutting down your restaurant on both a permanent or temporary basis are very much in play if you violate these laws. Don’t believe me, go to a Subway or any sandwich shop, you will see different people making sandwiches with a designated person working the register. As far as hiring more workers, he should know better, especially since “every penny counts during earnings!” When it comes to hiring staff, you must staff for the entire day, you simply cannot tell a worker to check in at 11:30 leave at 1:30, then see you back here at 4:30 and stick around till 7:00, this is not viable…maybe he thinks it is? Sure sounds like it. Good luck finding someone willing to work that schedule. Staffing is done, knowing full well between lunch and dinner hour that things will be backed up more than usual but he will be adequately staffed for the non-peak hours.
Simply put he doesn’t practice what he preaches or maybe just lacks any ability to understand basic economies of scale? Bottom line? He just flat lacks common sense. Oh by the way, later in the work day he remarked about a company in which he invested because they didn’t make their quarterly numbers and he wanted to see layoffs as the answer……you can’t make this up folks.
Next up: “Punish Them, Don’t Punish Me” guy
One of my customers–I’m an insurance agent–happened to be the unfortunate victim of a rear end accident causing about $1,500 damage to his car; no injuries, accident not at fault, no harm to rates. Keep in mind he was not out of pocket $1 as the other company accepted liability and paid the damages. Then he basically turned psychotic, and I mean that in the most honest way possible, he went off on me saying we needed to take her license away, keep in mind we weren’t the insurance company to pay out on this. Not satisfied with his answer he went all the way up to the office of the president, still not getting his desired outcome. Who does this guy think he is? By the way, he is not a member of law enforcement, or any branch of government who could demand action, this guy pushes paper at the lowest level for the state! This should scare almost anyone reading this.
To make matters far more interesting, he was involved in another accident 2 months later, him being at fault, in an accident causing injuries to another party. By the time it is settled, this accident will cost more than $20k when it’s all said and done.
When you think everyone else is the bad driver
Funny thing is he came in worried about his future rates. I said it won’t be as bad as he thought, but I said thankfully we have a policy of not revoking people’s drivers licenses over just 1 accident. He looked at me dumbfounded, then bestowed some of his “wisdom” on me yet again. Saying he shouldn’t lose his license because it was merely an accident….sounds similar to the person who hit him, am I right? He went on to say it would be a violation of his basic human rights…where is that in the constitution? Then he said, “I work for the State therefore I cannot lose my driver’s license.” I guess a class C License is required to push paper now? This guy really was something else to interact with.
Commentary
What did this guy really think he was trying to do? If you have an IQ north of room temperature, you have to know that an insurance company has no power to take away your driver’s license, we can cancel a policy, but we have to let the State know what that criteria is far before any action is taken. In addition, if you did take someone’s driver’s license away what makes you think they would obey that order? It is a common occurrence in Elk Grove to read the crime blotter and hear about someone being arrested for driving on a suspended/revoked license! The reality is people need a way to get to their work/school etc. now you want to take this away over 1 small transgression viewed as a civil matter? Again notice I said civil not criminal! Not to be outdone, when you committed the same infraction, you wanted to be exempt from your own consequences? How rich is that? Then he pulls the card that he works for the state? Like that somehow makes him someone who is above the law? DAFUQ?????
Final Thoughts:
Both of these gentlemen are over 50 years old, which makes them old enough to know better. These conversations while possibly funny, are downright disturbing. Both of these guys claim my generation, I’m 33, are destroying this country….funny thing is I can only think of a handful of Congressmen and maybe a few local elected officials that are my age, most are over the age of 50, even more are 60 plus.
Truth is, these are two of the worst offenders. One wants to hire more workers, pay them benefits, and play God in regards to their schedules when it suits management, yet terminate their employment when it effects the bottom line? The other says punish people by revoking their driver’s license, yet when he commits the same offense he is somehow pardoned? I’m sorry I thought this was America? I guess this is just the land of the controlled and home of the Whopper? Worse yet, both of these men claim to be Republicans, and both claim they voted for Trump, yet I guess they have beliefs that are selectively applied? Both used to tell me the most dangerous place in America is between Sen Chuck Schumer and a camera, I disagree, I think it’s when these two morons are allowed to speak their supposed “beliefs.”
They claim to care about our country’s future, yet by their actions it is clear that they could care less. They have no problem knowing that their present lifestyle is subsidized by future generations; such selfishness by the “Baby Boom” generation is a frightening legacy. Sadly both have reproduced so we will be subjected to many more people who have similar inclinations of entitlement in the future.
Since being locked out of the House by Nancy Pelosi, President Trump has searched far and wide for a new venue for this critical speech. Trump spokesman, Sarah Sanders said this is the first time that Trump has been locked out of the House since Melina learned about Stormy Daniels.
Melina Trump
Using his Twitter account, Trump described Nancy Pelosi as a classic three bagger and deeply regrets ever inviting her into the White House. He says this was a moment of weakness on his part.
In response to a reporter question on Twitter, Trump said the Democrats really had to hit below the belt to dredge-up a Speaker that would make him miss John Bonheur.
Donald Trump–the first Twitter President
At the behest of Republican political consultants and select CNN viewers, Trump has chosen a Taos, New Mexico, On The Border Restaurant, as the new site of this important annual address to the American people.
On The Border–Fresh Mex served daily
Representative Alexandria Ocasio-Cortez, (D-N.Y) is angry that she can’t attend the speech to protest president Trump’s policies. Apparently, due to the government shutdown, she can’t get her passport renewed in time to enter New Mexico.
Alexandria Ocasio-Cortez–the future of the Democrat Party
MSNBC is threatening not to carry the speech because Trump has arranged private funding to fly to New Mexico. In this case, the issue is not the funding itself but the fact that principle sponsors are Rent-A-Fence and Tostitos.
Appreciating a miracle—large or small—is something that we frequently don’t do. Truthfully, we take many for granted or try to explain them away. Likewise, a professional makes their craft look easy and effortless. Sometimes the line between miracle and marvelous is blurry. In our world of Photoshop, CGI, and visual manipulation, we have become skeptical of what is real. The old advertisement of “Is it live or is it Memorex?” in some ways rings even more true today.
The miracle of restoration. wait until you see the before sample of this segment.
A proper merging of new and old is the wonderful work done by Peter Jackson in restoring over 90 hours of film footage from World War I. Jackson did this for a museum in England and then took selected footage and made a wonderful documentary about soldiers of “The Great War”.
The film has an introduction by Jackson which I missed because I was standing in the popcorn line. When I made it into the theater, England was entering the war and men—actually young boys trying to be men—were going to their local recruiting stations and signing up in droves. The film tells the story of average soldiers from enlistment to the trenches of France to home again and what they experienced. Jackson’s grandfather was one such soldier.
The feature at the end of the film is Jackson explaining the restoration process and the amount of effort that went into the many years needed to restore the raw film. He also discusses choosing the various shots and audio used to create the film which you just viewed. The film’s narration is all done by voiceovers from veterans of the war—mostly recorded later in their lives by the BBC.
The restoration of the film is great in black and white but after a short time, the film morphs into full color.
Sample of colorization in the film
Following the documentary itself, Jackson shows before, during, and after samples; some of which didn’t make it into the film but which are remarkable on their own. He explains that the original film was shot with hand-cranked movie cameras with no sound. He employed not only lip readers to figure out what was being said, but then using the uniforms of the men speaking, hired voice actors from the districts where the men lived to sync the dialogue. What little music is used in the film is authentic to the period.
Peter Jackson at work in film production
After seeing the film and hearing Jackson describe what happened behind the screens makes you want to watch it again.
While you don’t have to see the 3-D version of the film to appreciate it, seeing it in that format lets you enjoy a lifelike quality of the people but see the limitations of the slow framerate of the original film. Jackson modernized the source material but also showed great respect in doing so.
I highly recommend that you see this film. You will get a glimpse of life 100 years ago and get a feel for the futility of trench warfare and magnitude of “The Great War”. Please be warned that there are some graphic scenes (in full color) of wounded, dead, and dismembered men. Knowing that you aren’t seeing special effects can be disturbing to some viewers.
My dream for Martin Luther King Day is simple; namely, that people that follow Dr. King would believe him.
Nobody praises him as a Christian and man of the
Word.
Nobody that claims his legacy talks about the
fact that he was staunch Republican.
Nobody that claims his legacy believes in his Dream.
Yeh, I just said that, “nobody that claims his legacy believes in his dream.”
I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.
Almost all black folks vote for Democrats; a political party that only cares about their skin color and views them as a block of voters, just another interest group among many. These same Democrats created the KKK, Jim Crow, segregated schools, and everything they claim oppressed them in the past, yet despite all that, they cling to the Democrats like a baby to its mother. The black community seems to be suffering mass hypnosis, Stockholm Syndrome, or something even more diabolical.
If insanity is really defined as “doing the same thing over
and over again and expecting a different result”, then these folks are insane.
They faithfully vote Democrat every two years, get nothing for it, and then do
it again.
I would argue that Dr. King was telling his people to wake-up. Nobody is going to help you but yourselves. He also advised the protesters to work with others willing to work with them. He says it will be work but is worth the struggle.
I say to you today, my friends, though, even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream. I have a dream that one day this nation will rise up, live out the true meaning of its creed: “We hold these truths to be self-evident, that all men are created equal.”
King take the promise of John the Baptist and converts it into a metaphor of brotherhood and transformation.
I have a dream today … I have a dream that one day every valley shall be exalted, every hill and mountain; shall be made low. The rough places will be made plain, and the crooked places will be made straight. And the glory of the Lord shall be revealed, and all flesh shall see it together. This is our hope. This is the faith that I go back to the South with. With this faith we will be able to hew out of the mountain of despair a stone of hope. With this faith we will be able to transform the jangling discords of our nation into a beautiful symphony of brotherhood. With this faith we will be able to work together, to pray together, to struggle together, to go to jail together, to stand up for freedom together, knowing that we will be free one day.
In my opinion, King’s dream was highjacked decades ago and replaced with a stay on the plantation mentality (Mason Weaver’s words not mine).
The black community now looks to the government for justice not God. When government is your God, it only leads to slavery and oppression not freedom. Like Esau, they have forfeited their birthright–which Dr. King tried to remind them of–for a bowl of soup.
Its not too late to believe in King’s dream but clearly it requires, work, sacrifice and vigilance; things they will never get from Jackson, Sharpton, and Farrakhan.
Folks the Democrats have been talking about this since November of 2016 and the Atlantic publishes this headline today, January 18, 2019! How many new House members campaigned on this issue? Like most of them!
During the election, Nancy Pelosi had no mandate or issue to unite her Party except their visceral hatred of Donald Trump and their promise to get rid of him. Nancy has an impossible job of keeping her folks in line; especially given that many Democrats promised during the campaign to get rid of her. Yeah she’s Speaker now but who on her side of the aisle will be her Brutus and plunge the political knife in her back with a smile on their face?
The article says that Democrats might not wait for the Mueller Report to Impeach Trump. No surprise. They started saying two weeks ago that Mueller doesn’t have a “smoking gun” and the report will end with a whimper and not a bang. In fact his report may never be made public. If Mueller had the goods on Trump we would have had the Mother of all October Surprises but all we got was crickets.
The comments mark a noticeable shift in what had been the standard party line on the possibility of impeachment—that Democrats should wait to act until after Mueller issues his final report. But Attorney General nominee Bill Barr’s refusal to commit to providing Mueller’s findings to Congress and to the public, combined with BuzzFeed’s implication that the president committed a felony while in office, has given Democrats a new sense of urgency—and they won’t necessarily wait to hold Trump accountable…
“Hell hath no fury like a women scorned” but Michael Cohen seems to be coming really close. Every time he opens his mouth he undercuts his own credibility in an effort to say stuff trying to implicate Trump. The bottom line is Trump trusted him and Cohen was not deserving of that trust. Trump believes in delegation to subordinates and Cohen enriched himself off of Trump like a parasite.
Cohen solved things but he made no effort to stay within the lines. The truth is that someone as slimy as Cohen probably fits in well in New York City but that doesn’t play well in the rest of the country. During the campaign, Cohen experienced something new, scrutiny. He couldn’t operate in the dark as Trump’s lawyer. A high profile national campaign was shining the light on his deeds and once exposed, it was clear he had taken advantage of Trump to enrich himself.
Case in point, this article yesterday in the Firewalled Street Journal. (Subscription required to view this article)
In early 2015, a man who runs a small technology company showed up at Trump Tower to collect $50,000 for having helped Michael Cohen, then Donald Trump’s personal lawyer, try to rig online polls in his boss’s favor before the presidential campaign. In his Trump Organization office, Mr., Cohen surprised the man, John Gauger, by giving him both a blue Walmart bag containing between $12,000 and $13,000 in Cash and, randomly, a boxing glove that Mr. Cohen said had been worn by a Brazilian mixed-martial arts fighter, Mr. Gauger said.
John Gauger RedFinch IT
Mr. Gauger said he never got the rest of what he claimed he was owed. But Mr. Cohen in early 2017 still asked for—and received—a $50,000 reimbursement from Mr. Trump and his company for the work by RedFinch, according to a government document and a personal matter. The reimbursement—made on the sole basis of a handwritten note from Mr. Cohen and paid largely out of Mr. Trump’s personal account—demonstrates the level of trust the lawyer once held within the Trump Organization, whose officials arranged the repayment.
…Mr. Cohen said in a tweet that he attempted to have the polls rigged with Mr. Trump’s knowledge.
Rudy Giuliani, a lawyer for Mr. Trump, said of Mr. Cohen’s tweet: “My response will be a cleaned-up version of ‘Bullshit.’”
“Why anyone would believe Michael Cohen at this point is an amazement to me,” Mr. Giuliani said in an interview. “This is not true. The president did not know about this if it happened.” He added: “The real takeaway from your story is, didn’t he steal $37,000?”
In January 2014, Mr. Cohen asked Mr. Gauger to help Mr. Trump score well in a CNBC online poll to identify the country’s top business leaders by writing a computer script to repeatedly vote for him. Mr. Gauger was unable to get Trump into the top 100 candidates. In February 2015, Mr. Trump prepared to enter the presidential race, Mr. Cohen asked him to do the same thing for a Drudge Report poll of potential Republican candidates, Mr. Gauger said. Mr. Trump ranked fifth, with 24,000 votes, or 5% of the total.
To quote the beloved Aaron Park, this was an “epic failure.” Frankly, The Justice Brothers would have done a much better job than Cohen/Gauger plus Trump would have received an endorsed on their blog. This also would have prevented the horrible optic of Aaron and George on the front row of Jeb Bush’s 2015 appearance in Reno.
George and Aaron Park with Jeb Bush on 05-13-2015
As you can see, Cohen is a self-admitted thief and ethically challenged. Why Democrats would start putting all their faith in him shows how desperate that they are. I believe that they will likely impeach Trump just for being alive, the truth notwithstanding. If they unleash this circus, it will be the death of them in 2020.
So when I see a headline about Trump Impeachment, I think so what? Republicans had Clinton dead-to-rights and he skated just like he always has. How will this be any different?
Democrats are blowing a golden opportunity by not working with Trump right now. Within reason, they could ask for whatever they want in exchange for letting Trump have the wall and probably get it. If I was them, I would ask for something Trump promised on the campaign—like maybe infrastructure improvement, which would create many union blue-collar jobs—claim it as their issue, and declare victory. The low information voters would swallow the lie as they always do, and Washington could go back to business as usual. But no, it seems more important to takeout Trump than to get anything fixed.
A decade or so ago, it was fashionable to ask, “What would Jesus do?” Many people would walk around with little bracelets with the initials WWJD on their wrist. Today I would like to point out that the Bible talks about walls too. In fact Jesus himself addressed the issue directly:
“Very truly I tell you Pharisees, anyone who does not enter the sheep pen by the gate, but climbs in by some other way, is a thief and a robber. The one who enters by the gate is the shepherd of the sheep. The gatekeeper opens the gate for him, and the sheep listen to his voice. He calls his own sheep by name and leads them out. When he has brought out all his own, he goes on ahead of them, and his sheep follow him because they know his voice. But they will never follow a stranger; in fact, they will run away from him because they do not recognize a stranger’s voice.” Jesus used this figure of speech, but the Pharisees did not understand what he was telling them. Therefore Jesus said again, “Very truly I tell you, I am the gate for the sheep. All who have come before me are thieves and robbers, but the sheep have not listened to them. I am the gate; whoever enters through me will be saved. They will come in and go out, and find pasture. The thief comes only to steal and kill and destroy; I have come that they may have life, and have it to the full. “I am the good shepherd. The good shepherd lays down his life for the sheep. John 10:1-11 (emphasis added)
This ladies and gents is Trump’s argument for the wall, enter thru the gate and be welcome, hop the fence and you are lawbreakers come to kill American citizens, steal from American taxpayers, and destroy the American way of life.
Please note that the Pharisees (for our purposes substitute Liberals or Democrats) don’t understand what they were being told.
Case in point, I mentioned the stunt the other day when people hopped the wall at Nancy Pelosi’s house and claimed to seek refuge as they were from Guatemala. I said that I thought it was funny and a clever way to illustrate the hypocrisy that a wall is OK from rich Democrats like her but giving the same protection to the American people is immoral?
My coworker, thought it was wrong for anyone to hop the fence around her house but he saw no connection to the border wall dispute. I explained it to him and he still didn’t understand. Ironically, he said they should enter by the gate if they want in. No wonder Jesus said things like, “for those that have ears let them hear.”
Jesus “I am the gate”
The Bible also has much to say about respecting boundaries and property lines and specifically calls it a sin to tamper with such. Also the Bible is very committed to the principle that the foreigner is expected to follow the religious and civil laws of Israel when they are within its borders including honoring the labor and Sabbath laws. In fact this like treatment of citizen and sojourner is part of the Western (Christian) basis for equal protection under the law, not that anyone in a government school would ever acknowledge this fact.
So if Trump is on Jesus’ side, where does that leave Pelosi, Schumer, et al? Why with the liars, murders, and thieves. If you have any doubt just look at their views on abortion. No wonder the Democrats are screaming like demons; they work with them.
While it will not be official until January 29th, Today PG&E announced their intention to file chapter 11 bankruptcy so they can reorganize and become an efficient company again. I say it became official today because PG&E did not pay the interest on a bond obligation due 1/15/19. Even worse the company only has enough cash to cover 4% of their fire related obligations, due to their negligence. Chapter 11 is not liquidation, its reorganization. If you’re a stockholder you will be wiped out, a bondholder, you will see pennies on the dollar for your “investment” and if you’re an employee your paycheck and retirement may be effected slightly. However the company will be lent money by investment banks, so your power and gas will still be operational, and rest assured a monthly bill will still show up.
How did we arrive to this fateful day? Well the fires are the easy answer, and as mentioned in an earlier blog SoCal Edison is not far behind. Utilities as a whole are debt laden companies due to the extensive capital expenditures that are supposed to be occurring every year (more on this later) and are 100% reliant on the Public Utility Commission to allow them to raise rates to cover expenses. The fires occurred, they had no reserves and as a result had no cash to make the payment on the bonds.
What is the fallout going to be from this you may ask? As mentioned above your service will not change or be disrupted. Stockholders are wiped out, bond holders get some scraps from the table, and pensions are likely going to be restructured. CEO Geisha Williams was “axed” the question on Sunday and she chose to resign instead…don’t feel bad for her she gets a nice parting gift of 2.5 million severance. (Had she worked for a governmental agency in Elk Grove, she would have got lifetime medical benefits for being fired, too.) I need to find one of these jobs were apparently incompetence is rewarded.
Geisha Williams presides over PG&E’s scorching of California
Geisha spent a whole two years on the job by the way, thank god she wasn’t a teacher, she would have tenure right now and you couldn’t get rid of her if you tried.
What is going to happen during bankruptcy? This is where things get very interesting, as I could see many different scenarios taking place. I think the most likely is a systematic parting out of the company over the course of several years while under state receivership. You could make an argument it should be broken up into a northern, coastal and inland utility. However I can see a big hang up, the infrastructure. A man in my office made a comment that the company owns quite a bit in valuable assets; this is somewhat true but mostly very false. True they own their headquarters in San Francisco, which is obviously worth quite a bit, but they are going to sell it to stave off creditors. As far as other assets, one mentioned by said man in my office was their wire line assets….really? I view those as a massive liability waiting to spark another fire. Ditto for their generators and transformer units, especially with their maintenance history as a company. Simply stated, buyer beware with these “assets” even if I got a sharp discount I wouldn’t touch them with a 100 foot insulated pole.
The aftermath with the bondholders could get very interesting though. CalPERS our state retirement system has not said how much in bonds they hold. Could the state bail them out just to keep CalPERS solvent? Could we see a state owned utility? Stay tuned! This is going to get messy.
Oh, the stock is down to around $6 a share, and don’t worry; they halted trading this morning, so you were unable to sell your shares, but retirement funds, institutional investors and those in the know were still able to bail out.
