AOC should have Amazon deliver an economic book to her

The ultra left liberal Democrats in New York City are still taking a victory lap over pushing Jeff Bezos and Amazon out of the city.

They are celebrating the loss of 250K jobs with a median salary of $150K for positions the city totally lacks in the 21st century: High tech development careers.

These positions were not here to make sure your package arrived on time or that Alexa understood your voice, no these were the positions that were going to catapult Amazon to its next iteration.

The men and woman hired would probably develop the first true cancer database for assessing tumors and treatment through AI running on Amazon’s cloud storage system assessing millions of prior scans and treatment options in real time.

That’s one of hundreds of ideas that may have come out of this effort.

Instead we have House Rep. Alexandria Ocasio-Cortez — who is the subject of a perfect meme of holding a surge protected power strip plugged into itself and smiling — celebrating that the $3 billion in Amazon givebacks can now go to the people.

AOC did not get it, since she is only 29 perhaps, that there is no $3 billion to spend. The only way Amazon would received $3 billion in givebacks was if it created $27 billion in revenue for the city in payroll taxes by hiring people.

There’s no such thing as free energy Alexandria and there’s no $3 billion for the people. You and your ultra left-leaning cohorts made sure of that.

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President Trump’s game-changing SOTU speech

President Trump delivered an inspired speech last night that even brought the white-clad suffragettes to their feet to applaud his reaching across the aisle.

This speech was a game changer from the partisan politics parlay that has been the present condition in Washington.

Yes he tweaked them on “America will never be a socialist country,” but he celebrated their ability to serve in Congress as showing how great America is.

He spoke of the wall in humanitarian terms. He personalized the horrors that invade our countries across the southern border. Trump told Americans that children were enduring unspeakable hardship through sex trafficking.A topic most Americans probably know little about, but he put a face to the heroes that combat this on a daily basis.

Trump clearly laid out the national emergency on the southern border without using the explosive term. On Feb. 15 he can now make the case for a declaration far more convincingly than prior.

He spoke for many Americans when he said it’s not OK for babies to be aborted hours before birth like New York and Virginia approved recently.

The president laid out his economic successes over the last two years, such as the job booms where more Black, Hispanic, Women and Disabled Americans are working now than ever before. How tax cuts put more money in the hands of the people and not in Washington’s pockets.

Of course this speech will not move the needle in New York, California or Illinois, but it certainly had to make the fence-sitters and marginal RINOs take notice that this State Of The Union was a powerful message that America is Great Again and we should not stop moving forward in that greatness.

Trump’s dinner last night could tip a new tax cut plan coming tonight

Tuesday’s post will have some high-octane speculation dealing with tonight’s State Of The Union speech by President Trump.

First all the major stock indices jumped in the last 5 minutes of trading Monday. For instance the Dow Jones rose almost 100 points as traders banged the close.

This could mean that a rumor went through the market that professionals wanted  in before the news broke.

Second bit of news: President Trump and Treasury Secretary Steven Mnuchin had dinner at the White House with Federal Reserve chief Jerome Powell and Fed Vice Chairman Richard Clarida.

While the president has taken the Fed chief to task in the past on Twitter for his overzealous rate rising plan, this was the first time since Trump appointed Powell that the two met in person at the White House, according to the Federal Reserve spokesperson.

So I understand that the president would probably not have a State Dinner scheduled for the night before the SOTU, but its curious these four would get together for a White House dinner prior to the speech.

That is unless the conversation was to brief the Fed leaders on a change in fiscal policy, which would impact the Fed’s monetary policy.

So my speculation is that we will see another tax cut proposed by the president in the speech. It may be on both the corporate and the personal sides. This makes sense since his first tax cut has worked its way through the economic cycle, and he could use the bump going into 2020 with a mid- to late-year stimulus plan.

How any legislation from the White House would get through the House in this election cycle is problematic at best. However, if the Democrats in the House deny a tax cut leading up to 2020, that could be the death knell for the party in 2020.

We will see in a matter of hours whether I am right.

Stay tuned

Random thoughts on job numbers, Super Bowl

Here’s some random thoughts on today’s news.

January’s jobs numbers blow away estimates. New jobs at 304K vs. 165K estimate with average hourly earnings rising 3.2% in line with estimates.

Labor Department says unemployment rate ticked up to 4.0% on the government shutdown.

Look for stocks to soar as job growth gains while the Fed is dovish on rate rise.


Why is now a Super Bowl week tradition that news comes out about people being arrested for human sex trafficking at the site of the game? The last four years or so I have seen these stories.

It’s disturbing on so many levels because it’s not limited to just adult women being imported. Disgusting.


Democratic presidential hopeful Sen. Elizabeth Warren called out Sears/Kmart owner Eddie Lampert for what he has done to the once iconic retail chain.

The Massachusetts senator wants the billionaire hedgie to answer eight questions by Feb. 14 about his plan to buy Sears out of bankruptcy.

Now of course Warren is grandstanding, since Lampert is not compelled to answer to Warren about anything. And of course Warren is so out of touch since the federal bankruptcy court in White Plains, NY is likely to decide the fate of the retailer on Feb. 4.

While Warren says she is sticking up for the workers, if Lampert does not take control again of the retailer, then the creditors will liquidate the chain and no one will be working.

But don’t let that business mumbo-jumbo stop Warren from pounding the table for a cheap sound bite.


This is for some of my new readers. Deutsche Bank is teetering on the brink of a huge reorganization in order to wind it down.

Take a look at this award-winning video I did on this long-time troubled financial firm.

Looks like the Fed overshot again with rate hikes

As I wrote Wednesday morning prior to Fed chief Jay Powell’s announcement of standing pat on Fed funds rate.

Stocks and the gold price took off on the news that the Fed statement took all the language out of their plan to look at raising rates, due to recessionary fears. The Fed is currently at 2.5% on the rate.

What does this mean? Well appears that Powell & Co. may have overshot — once again — restraining lending too much and may put the US economy into negative reading on growth.

As I wrote at the time, the December rate hike was not needed since the Fed had already taken much of the air out of the economy through pricking the asset bubble in stocks.

Now due to the government shutdown we will not get our first reading of fourth quarter growth, which would normally be out Thursday, until later on in the month. However the Fed probably had a good read on that GDP number, which is probably below 2% growth.