Author: lenrothman

Even Trump’s perpetual cheerleader says we must allow increased immigration.

https://pilotonline.com/opinion/columnist/guest/article_4398d612-b058-5807-8fd6-e903a428e7a7.html

In stark contrast to the administration’s policy of restricting legal immigration ala Miller, FOX, etc., Thiessen states the obvious: we need more immigrants or we cannot prosper.

Continue reading “Even Trump’s perpetual cheerleader says we must allow increased immigration.” →

How many nuclear missile subs do we need…are we blowing up the moon, too?

https://pilotonline.com/news/military/article_f3a93d42-5ca0-11e9-b89c-cbd877e9e4c2.html

Cut taxes? Check. Cut Medicare and SS? Work in progress. And if that doesn’t fly, borrow a few trillion more.

Then bloat the military/industrial complex, arguably the biggest welfare and jobs support program we have. Looking for another war? Venezuela has bee mentioned. Iran? Why not? Iraq was so easy and successful.

We are always fighting the last wars. The Russians, and others I’m sure, have cleverly divided us like a mistress does to a troubled marriage. Cyber attacks work without firing a single rocket. And for a lot less money…by far.

Meanwhile the Chinese are forging trade alliances and infrastructure investments all around the world. And we are tossing up tariffs and walls. Doing our level best to piss off even our best allies in both defense and trade.

Think of what a fraction of the cost those subs spent on infrastructure, manufacturing and education in Central America might do to curtail the flow of desperate refugees fleeing for their lives.

Eisenhower was right. And we are wrong.

And people wonder why some sour on American capitalism

“GSO Capital Partners, a unit of Blackstone Group LP, agreed to lend money to Hovnanian on the condition that the company default on a small portion of its bonds, in an effort to trigger a payout on credit-default swaps.”

https://www.bloomberg.com/news/articles/2019-03-06/wall-street-wants-to-reform-cds-here-s-why-that-ll-be-tough

The financial sector is huge, accounting for 20% of GDP.

Continue reading “And people wonder why some sour on American capitalism” →