Tag Archives: political parties

That Includes You, Mr Newsom

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California’s Progressive-Democrat Governor Gavin Newsom claims to be worried that Party is too judgmental and toxic and that We talk down to people. We talk past people.

Then he said this:

I mean, this idea that we can’t even have a conversation with the other side…or the notion we just have to continue to talk to ourselves or win the same damn echo chamber, these guys are crushing us[.]

These guys are crushing us. Not, “We need to converse/debate/argue/talk with folks about ideas that we think help all Americans.” It’s “We need to do better at beating the other side so we can win.”

Party will remain toxic to the American idea as long as its goal is wholly independent of working toward the national weal and wholly focused instead on doing down the other side.

A Cost of the Left’s Obstructionism

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This one is our national debt and the interest due on it.

• the average interest rate on debt will exceed the economic growth rate by 2045, sparking the beginning of a debt spiral
• Federal debt held by the public will rise from 100% of GDP in FY2025 to 156% of GDP by 2055
• annual deficits will grow from 6.2% of GDP in 2025 to 7.3% of GDP by 2055

The obstructionism of the Left and their Progressive-Democratic Party isn’t even centered on principle, only on anti-Trumpism and anti-Republicanism and anti-Conservatism.

Potentiating the economic disaster that our debt and associated interest payments portend, those things would accumulate into the loss of the US dollar as the world’s reserve currency. That, in turn, would feed back negatively into our economy, forcing it onto the vagaries of foreign currencies and currency exchange rates.

This is why the DOGE-led spending cuts must be enacted into law by Congress. This is what the Left’s and their Progressive-Democratic Party’s obstructionism will cost us.

Money Saved or Wasted?

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Amanda Bennett, ex-previous head of USAGM, is upset with Kari Lake’s (the new head of the US Agency for Global Media) characterization of the $150 million the agency is expected to spend over the next several years on its lease of a new (relative to USAGM’s prior digs) office building.

The prior building that USAGM occupied for a very pretty penny was rundown and rapidly failing further, so Bennet negotiated a good deal for the new office building, and she’s justifiably proud of the deal she got. As far as that deal goes.

The government didn’t lose money [as Lake claimed], it saved—a lot. We estimated that savings over the 15-year lease—including the free rent and millions in cash incentives—would total more than $150 million.

But the USAGM has long been a Leftist propaganda arm, thoroughly deviated from its ROC of passing along factual information, objectively, to other nations, especially those whose governments seek to prevent such data from getting to their subjects.

My question for Bennett, then, is this: how much money would the Federal government save if those $150 million weren’t spent at all and USAGM eliminated from the government’s books?

As the kids like to say, Madam, get real.

A Real Progressive-Democratic Party Problem

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It’s not Party’s only problem, but it is a Critical Item problem, and it’s illustrated by an exchange between a constituent and Senator Michael Bennet (D, CO) at his recent town hall and by a Wall Street Journal newswriter’s assessment of the exchange. The constituent’s call:

A man who identified himself as Colin from Denver asked Bennet to consider the “dire times” facing the nation. “Schumer had no plan in the Democrats’ only moment of leverage against Trump,” he said. “When will you be calling for him to be replaced as minority leader?”

Bennett essentially responded with words to the effect that Schumer needed to go.

The writer’s assessment:

House and Senate members have publicly criticized Schumer’s handling of the matter in a remarkable public show of disunity at a time when they hoped to be unified against Trump.

Leverage against Trump. Unified against Trump. No plan for what Party thinks is good for our nation. No plan for how to achieve those Good Things. Not even any nascent ideas.

It’s No to Trump/Never Trump turtles all the way down.

That’s not good for our nation. Not good at all. All Party has, all Party seems interested in, is its toddler temper tantrum over not getting its own way.

Another Reason Why…

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…no member of the Progressive-Democratic Party can be trusted in any way. Elizabeth Warren (D, MA), for instance, in her letter to Businessman Elon Musk, who’s working the additional duty [sic:] of pro bono member of DOGE’s leadership, claimed that:

American taxpayers will shoulder the burden of tax cuts for Tesla, and they deserve answers about your efforts to secure massive tax breaks for billionaire corporations[.]

Here are some facts underlying Tesla’s income tax liability:

• much of Tesla’s $7.1 billion in net income last year doesn’t come from selling electric vehicles, solar panels, or battery storage
• $2.8 billion came from the sale of regulatory credits to other auto makers that need to comply with government EV mandates
• $1.6 billion in interest income on cash and short-term investment holdings. [Progressive-]Democrats can thank the Biden inflation for allowing companies to earn higher interest on their cash holdings
• Tesla recorded nearly $600 million in book income from price appreciation in its bitcoin holdings, but this is akin to an unrealized capital gain
• [Tesla] lost money every year it was in business from 2003 until 2020. All companies are allowed to carry forward net operating losses to offset future tax liabilities
• [Progressive-Democrats] exempted most net operating losses from the Inflation Reduction Act’s 15% corporate alternative minimum tax, including categories that include Tesla’s loss carry forward
• Tesla recorded $625 million from tax credits for its electric vehicles and $756 million for its solar and energy storage business last year

o these tax credits can also be carried forward to offset future tax liabilities
o Tesla had $1 billion in renewable energy tax credits on its books at the end of last year

Warren, and all of her Party cronies, are well aware of these things. Warren, and her cronies in Party, lie.