Philadelphia Eagles chose not to soar, but to bore

President Trump called an audible Monday and told the Philadelphia Eagles not to suit up and show up at The White House for the traditional photo-op after winning the Super Bowl.

“The Philadelphia Eagles are unable to come to the White House with their full team to be celebrated tomorrow,” the White House said in a statement late Monday. “They disagree with their President because he insists that they proudly stand for the National Anthem, hand on heart, in honor of the great men and women of our military and the people of our country. The Eagles wanted to send a smaller delegation, but the 1,000 fans planning to attend the event deserve better.”

President Trump followed up that official announcement with a tweet saying: “The Philadelphia Eagles Football Team was invited to the White House. Unfortunately, only a small number of players decided to come, and we canceled the event. Staying in the Locker Room for the playing of our National Anthem is as disrespectful to our country as kneeling. Sorry!”

This appears to be the hill the NFL wishes to die on. The league and its commissioner Roger Goodell just don’t get the fact that most of the TV and stadium audiences for a pro football game voted for Trump.

Many Americans have turned their backs on the league since this National Anthem protest began and continues with the league sanctioning the protest by recently announcing that players can stay in the locker room if they do not wish to stand at attention.

I have written exhaustively on this subject. When these players show up at stadia across the nation on Sunday afternoons or the four other dates the league has spread out to, they are at the workplace. Who else in America has the right to act as they wish in the workplace? I can’t.

I have to abide by the decorum of the office in dress, manner, language and behavior. If I chose not to act accordingly, I could be fired for cause.

Not these players, the ones who wish to disrespect the flag and country for a cause. It’s just not the time or place.

If you want to further the conversation, then take your new-found stardom and protest and speak up outside the stadium. You have plenty of free time during the week after practice to speak your mind and organize other like-minded players and people.

So The President has every right as Commander-in-Chief to defend the flag in this instance.

And the NFL and Roger Goodell had better get this under control before this season or my prophesy that I wrote for The New York Post in January 2016 may be too optimistic.

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NFL, Goodell following flawed Hillary campaign

The NFL continues to lose yardage when it comes to TV ratings.

With much of the country mired in single-digit temperatures, many Americans found other things to do instead of watching Roger Goodell’s opening weekend football playoff games. Continue reading

Chair Yellen is no Joe Namath

All I’m going to say is the Fed chair Yellen is no Joe Namath.

On Wednesday in a speech the Fed head said, “Will I say there will never, ever be another financial crisis? No, probably that would be going too far. But I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will.”

Namath guaranteed the New York Jets would win Super Bowl III and backed it up.

Yellen, who seems to be on the path of bursting asset bubbles with a credit-busting, rate-raising strategy, also said, “asset valuations are somewhat rich if you use some traditional metrics like price earnings ratios, but I wouldn’t try to comment on appropriate valuations, and those ratios ought to depend on long-term interest rates.”

Even if you discount the 2.5% drop in Google yesterday on the huge European regulator’s $2.7 billion fine for skewing its search results, stocks sold off hard on her comments.

Now I’m not one to pandered to ageism, however at 70 years old, Chair Yellen has a different time horizon than the rest of us.

But if the Fed thinks it can burst stocks, art and home asset bubbles by constricting credit in a low inflation environment, then Yellen & Co are looking at a possible deflationary crisis, which they have little in their toolbox to combat.

One can think that the Fed can always lower rates again and expand its balance sheet to fight deflation, but that’s just continuing the boom/bust cycles.

Mr. President, time for an audible on your tax-cutting plan

So Mr. President, where’s the beef?

On the campaign and as President-elect we heard of an ambitious tax reduction plan. Now in office we hear crickets.

I understand you have been in office less than three weeks, this tax cutting plan was a lynch pin to your election and yet the American people have not heard one word about it yet.

Yes strong borders and a good Supreme Court appointee had favorables for you, however America wants its checks and so do the markets.

Taking money from Washington and putting it in the hands of the people is always a stimulus for the economy. Even if the Americans sit on it for a rainy-day fund, the sense of having something to fall back on will spur some spending.

Spending that has been restricted over the last decade by job losses and/or higher medical insurance costs and increased tax bills.

President Trump, you have millions of Americans spending 100’s of millions of dollars over this weekend on chips, dips, suds, wings and steaks to gather and watch the Super Bowl.

Why not throw them a bone to spur the conversation by laying out your tax plan, even if it’s in the broadest of terms?

This way working Americans can get a sense of what’s coming their way.

I believe it’s a tremendous opportunity that should not be fumbled.