Category Archives: Business

Biden is making problems worse

Mike Mazzei

President Biden has a special knack for studying a problem and then choosing the wrong-headed option that makes the problem worse. For example, look at the Afghanistan debacle and border crisis.

Well, he’s at it again with his climate agenda and his budget busting bill which, if enacted, will make the automotive supply chain problem worse than it already is. Have you swung by a car dealership lately and been surprised by the lack of cars on the lot?

Tucked away in the 2000-page budget bill is a special $12,500 tax credit for the purchase of an electric vehicle. Tax Credits for select politically favored interest groups distort economic production, but in this case Canadian and Mexican officials are furious because the credit isn’t applicable unless the vehicles are assembled at unionized U.S. factories. Batteries and most parts must also be made in the U.S. The Mexican Economy Minister Tatiana Clouthier said the protectionist Policy move was “incomprehensible”.

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Pres. Trump on Strategic Oil Reserves

For decades our Country’s very important Strategic Oil Reserves were low or virtually empty in that no President wanted to pay the price of filling them up. I filled them up three years ago, right to the top, when oil prices were very low. Those reserves are meant to be used for serious emergencies, like war, and nothing else.

Now I understand that Joe Biden will be announcing an “attack” on the newly brimming Strategic Oil Reserves so that he could get the close to record-setting high oil prices artificially lowered.

We were energy independent one year ago, now we are at the mercy of OPEC, gasoline is selling for $7 in parts of California, going up all over the Country, and they are taking oil from our Strategic Reserves.

Is this any way to run a Country? 

L.A. Ports: Regulation source of supply issues

Even with over 80 container ships just sitting at the Long Beach and Los Angeles ports, Emily Hibard’s paper manufacturing business was forced by government to sell their old trucks. Hibrad asserts such recent regulations are a major contributor to the supply chain fiasco.

Growing up in poverty in Wisconsin, Emily’s grandfather and founder of the company, George Hibard moved to LA and started “Spiral Paper Tube & Core” in South Central in 1949. He successfully defended the business during the 1968 Watts riots. Emily was 12 during the height of the Bloods and Crips. During the 1992 Riots, she slept on a cardboard box on the roof and ran a garden hose to put out fires from molotov cocktails thrown at the family business. 

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Out of other people’s money, they come for you

Opnion: Even the California liberal elite are jumping ship from the socialist brigade in D.C. that now wants to confiscate wealth, not just tax it. Elon Musk recently tweeted about the Marxist-like legislators saying, “Eventually, they run out of other people’s money, and then they come for you.”

The latest threat to Capitalism is the proposal by liberal Oregon Senator Ron Wyden to tax unrealized investment gains of billionaires in stock or real estate.

Now, no one feels sorry for billionaires— but they are the innovators who change the world, create thousands of jobs, and produce tremendous wealth for millions of Americans.

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Tulsa Rents up 1.5% over past month

Apartment List is reporting their national rent index jumped another 2.1%, a slight dip from August’s 2.5% increase, but still pacing far ahead of the typical monthly growth from recent pre-pandemic years. With inflation concerns heating up, the national median rent has now increased by 13.8% in 2021, more than 3x the average growth rate of recent pre-pandemic years.

Rents are currently increasing in all of the nation’s 100 largest cities, and there are now just 8 cities remaining where rents are still below pre-pandemic levels. This rapid rent growth is a symptom of record high demand clashing with historically tight vacancies.

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