Tag Archives: politics

Record Profits

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Or at least near-record and with room to rise a bit more. These make those companies obvious targets for the Left and for the Progressive-Democratic Party politicians, all of whom view those profits as immoral and needing to be confiscated by Government or as public goods needing to be confiscated managed by Government or both.

The net profit margin for companies in the S&P 500 rose to 14.8% in the first quarter, according to FactSet. This marks the highest net margin, a measure of the profit generated from every dollar of revenue, reported by the index since the data provider began tracking this metric in 2009. The previous peak of 13.2% was set just a quarter earlier.
It isn’t just tech companies, either. In the first quarter, multiple sectors including financial services and industrials reported net margins above their five-year averages.

Those companies would do well to pass some of those profits on to uses of their choosing, rather than just sitting on them. At the least, the companies need to state openly their plans for the future of the business and its accumulating profits and then demonstrably execute on those plans.

Those uses and plans might or might not make good business sense in the economic world, but it would make good business sense in the political world where the now-openly socialist Progressive-Democratic Party reigns over us.

There’s a Reason for That

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As The Wall Street Journal‘s astute editors noticed, less than a dozen—10, by their count of the fingers of two hands and no toes of either foot—members of the Progressive-Democratic Party caucus in the House of Representatives are willing to oppose the Democratic Socialists of America agenda. My count via the thumbs of just one of my hands (or maybe the social finger of that hand), only one Progressive-Democratic Party Senator is willing to oppose the DSA agenda.

It’s an agenda of government control of our larger businesses (but it won’t stop there), government control of private property, government given (and so able to be taken away) national medicine, ever rising taxes because…”necessity,” and political rather than economic globalization through entirely open borders and an end to deportation of illegal aliens (there being no such thing in the DSA ideology).

Less than a dozen across our Congress. Eleven, out of an aggregate of 255 Progressive-Democrat Congressmen. Those 244 Progressive-Democrat Congressmen demonstrate pretty conclusively that the Progressive-Democratic Party is an overtly socialist party, the direction in which it began moving with the election of Barack Obama as President just 18 years ago, with the pace sharply accelerating after the election of the “squad” of Alexandria Ocasio-Cortez, Ilhan Omar, Rashida Tlaib, and Ayanna Pressley just eight years ago.

The Progressive-Democratic Party is rapidly and enthusiastically coming out of the closet, assimilating the DSA (or being swallowed by DSA), and openly asserting that DSA political and economic positions are its own. Those policies are what Party will attempt to inflict on our nation if it gains majorities in the House and Senate after this fall’s elections.

Getting What You Asked For

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[T]he Democratic Socialists of America have admitted implementing a long-term strategy to exploit the Democratic Party’s ballot access, alarming establishment figures….

Establishment Progressive-Democrats, who are no longer mainstream Party members, but have been pushed to Party’s fringe right, are upset at these DSA usurpers. Jaime Harrison, Democratic National Committee Chairman from 2021 to 2025:

I say this with no ill will or animosity: if you hate the Democratic Party, then please don’t run for our nomination.
Don’t use our resources. Don’t rely on our volunteers. Don’t use our infrastructure. Don’t ask Democrats to invest their time, money, and energy in your campaign. Focus on building the party you actually support.

Umm, they are focused on that. And they’re using the broad access you and yours have been pushing for so many years already: opposition to SAVE America Act, which demands only citizens be allowed to vote and demands presentation of proof of citizenship when registering; moving to let non-citizens vote in local elections; and especially pushing jungle primaries, where party affiliation doesn’t matter, and if no single candidate gets an outright majority, the top two regardless of party go to a runoff.

Or did that broad access only apply when you could use it to upend Republican primaries and to stack national elections in your favor?

New York City DSA Co-Chair Gustavo Gordillo:

We’re on the Democratic Party ballot line. We contest the primaries, and when they’re in the legislature, they’re part of the Democratic Party caucus, but we don’t agree with the way the Democratic Party establishment organizes or runs its party apparatus.

And

We’re using the Democratic Party as a ballot-access vehicle, not because we share its goals […] We build our own organization, get elected under the Democratic label, caucus with Democrats when it’s useful, and push our own agenda from the inside.

Compare that with then-Progressive-Democratic Party Presidential candidate Barack Obama saying just before his first election to President that Party was just days away from fundamentally changing America and to then-Progressive-Democrat President Joe Biden in his first SOTU speech saying that he wanted to fundamentally change our economy.

Or did that fundamental change only apply if the now fringe right wing of Party could change our nation, and not apply to fundamental change of Party?

Don’t Sell F-35s to Turkey because…

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…Turkey still has Russian S-400 air defense missile systems?

The Trump administration is expected to override a decision by a Democratic lawmaker who is blocking a proposed $750 million sale of jet engines to Turkey over concerns about the country’s ties to Russia.
Congressman Gregory Meeks (D, NY) had placed a hold on the sale to Turkey—a NATO ally that is hosting an alliance summit next month—because the country continues to hold a Russian S-400 air-defense system that it bought roughly a decade ago, along with other concerns about Turkey’s role in the region.

That S-400 system, after all, might spy on Turkey’s F-35s and learn how to defeat it.

This is silly. There are reasons to not sell F-35s to Turkey, but the idea that the S-400 can compromise the F-35’s stealth capabilities isn’t one of them, at least not anymore (if it ever was). We’ve sold lots of F-35s to other nations over the years. If the jet’s stealth capabilities could ever be compromised, they already have been, just from their use around the world and our enemies observing their use, including by those objectionable S-400 systems, and collecting data on detecting and otherwise countering the jets. And that foolishly ignores the fact that over those intervening years of F-35 operational use, there have been a plethora of—steadily more and more capable—systems watching and observing and analyzing the F-35 in all its operational flexes.

There are reasons for going ahead with the sale, too, and these should be weighed against those reasons for not selling. The presence of S-400s in the buying nation is not relevant.

What the Progressive-Democratic Party now Stands For

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With Party’s nomination of three Democratic Socialists of America for our nation’s House of Representatives, its election of DSA member Zohran Mamdani as New York City mayor, its all but election of a DSA supporter as mayor of DC, and its nomination DSA acolytes for positions up and down the ballot across America, the Progressive-Democratic Party has made plain what it has chosen to stand for.

  • open support for Palestinians and Hamas
  • end to support for Israel, which is genocidal and apartheid
  • defunding our police departments, elimination of the police function altogether(!)
  • end to jail/prison for convicted felons
  • open national borders
    • abolish ICE
    • end deportations
  • seizure of the means of production
    • seize apartments, other rentals from existing landlords
  • Medicare for all—provision of a national, government produced, health system
  • push for all union employment, elimination of right to work provisions
  • packing Supreme Court
  • ever higher income taxes and wealth taxes

None of these is good for our nation. Any combination of them will be disastrous.