Fantastic Presidential Election News!

Yes! Finally! Great news today! It actually broke a week ago and then again this morning! Hallelujah!

First, from a week ago:

Trump to lose 2020 election in a landslide defeat, model predicts

And this:

Trump will lose in a landslide because of the economy, new election model predicts

Is that not fantastic? Then this report came today from the Financial Times:

Trump is courting a landslide defeat

It shouldn't be a complete surprise because historically, Presidents are frequently re-elected or defeated based on the economy--and heaven knows this one is in dire shape, at least. I'd seen some reports showing he was set for successful re-election. And of course this is just a projection and it is just May and we have to keep in mind how heavily and badly the Republicans have gerrymandered voting districts nationally as well as used "voter ID" laws to disenfranchise yet more Americans but hey, this is hope.

He's eroding his own support, at least some of it, as I've posted here earlier. Here's further, more recent proof.

Trump's Scarborough tweets unsettle his allies

We so sorely need, as a nation, to get back to sanity and calm and thoughtfulness and intelligence--everything this Trump administration has not been and patently is not. Esquire magazine, coincidentally, asked an excellent question regarding this very thing.

Who the Hell Wants Another Four Years of This?

How in god’s name can anyone vote for four more years of this, four more years of a choleric fatburg of a man who calls a press conference about a global health emergency and asks a reporter for Fox...how the ratings were for his last town hall? How does that man carry a precinct, let alone a state, let alone the country?

A good to great article, too, you will likely want to read.

Meanwhile, this is how bad the economy is and how badly this sorry excuse for a President wants to get re-elected.

White House to forgo summer economic forecast amid COVID-19, breaking precedent

And then there's all this "winning" he wanted to create for us, we can't forget that.

U.S. coronavirus death toll rises above 100,000 in world's deadliest outbreak

The U.S. has surpassed the grim milestone of 100,000 deaths as a result of the coronavirus, according to data from Johns Hopkins University, significantly more than any other country in the world.

With all his Twitter rants and untruths (there's another, briefer word for that/those but I won't use it here) and his baseless accusations and emotional outbursts like this:

Trump continues to claim broad powers he doesn’t have
So amid all the doom and gloom and pandemic and social distancing and now rain and clouds for days, be of good cheer, America.

Hopefully, hopefully we are down to less than a year more of this insanity and national degradation.

More good business news on the home front

Article I saw this morning:

U.S. HAS BEEN THE #1 COUNTRY TO MOVE MANUFACTURING INDUSTRY TO IN PAST 2 YEARS

"In a sharp reversal from years past – America is actually INSOURCING manufacturing jobs again. Companies are finding transportation and energy costs are climbing and costing them more money in the long run. As we have written – America has created nearly 500,000 jobs since January of 2010…stopping the hemorrhaging of job losses for blue collar workers.

Two-thirds of big US manufacturers have moved factories in the past two years, with the most popular destination being the US, according to a survey being released on Monday by Accenture, the consultants."


So that is good news.

Now, what else could and should happen?

Our Congress in Washington should propose and pass a law that all tax credits and deductions to companies to take manufacturing offshore should be rescinded and eliminated immediately.

I mean, really, does it make any sense to reward companies here in the States to take manufacturing offshore?

Of course not.

And the only reason those were created was because some corporate lobbyists proposed the idea to a or some people in Congress along with a check--or some checks--in "campaign contributions."

We should see to this as soon as possible.

Please take a moment and email your Congressional representatives in the Senate and House. It's too simple and makes far too much sense.

Links: http://www.classwarfareexists.com/u-s-has-been-the-1-country-to-move-manufacturing-industry-to-in-past-2-years/; http://www.ft.com/cms/s/0/115005c6-a225-11e1-a22e-00144feabdc0.html#axzz1vWY6ZnVl

A bullet, dodged

Did you hear that sound?

It was the sound of all of us, here in the US, dodging a bullet.

I believe that was done this past long holiday weekend when the international markets tumbled on news of Dubai's default on their loans.

Actually, I guess it's technically not a default, they just asked if they could not repay their loans for 6 months. If you're the banker, it's a default, though.

Anyway, the markets tumbled Wednesday night.

Luckily for us and the world, it was our national Thanksgiving holiday so our trading markets were closed. Had they been open, I feel sure our markets would have emotionally, psychologically and, really, understandably reacted to this news and been set back with a down trading day. There's no telling how much it would have dropped, if at all, if I'm right.

Then, the next international trading day (our Thanksgiving night), the markets came back and were mostly up so by the time we had our partial trading day on Friday, all the bad news was buffered by this second round of better news.

A friend and I predicted a down day on the markets Friday and, as it turned out, we were right.

What I'm saying is that, with the international markets taking a hit last Wednesday, if ours had been open the next day, we likely would have tumbled--and a good deal, I believe--and then, that night, there could was likely a strong chance those same international markets would have reacted to that, too, and negatively.

Of course this is all speculation but I will say that I'm not the only one that thinks that if there is one more big financial problem any time soon, the whole international deck of cards is in fairly precarious shape and it will be tough on this already-weak system.

Here's hoping we skate by.

Link: http://news.yahoo.com/s/time/20091130/wl_time/08599194339200