BloggeRhythms

In a Breitbart clip on Facebook today, Obama addressed workers in Indiana, telling them that the workplace environment has changed. 

When asked by Eric Cottenham from Carrier, about where jobs would be available in the future, Obama said those seeking employment should apply themselves to arising new technologies, such as “clean energy,” and the like. Because, he said, there are no longer manufacturing businesses in which employees can remain for 30 or 40 years, as in the past. 

After bragging that more jobs had been created during his administration than anytime since the 1990’s, Obama then criticized Trump, saying that he has no answers but continues to make empty promises. 

2,722 reader comments followed the article, a random scan indicating that virtually all of them were negative toward Obama’s theorizing. The general gist can be seen in the following three samples.  

Brian Krogh wrote: “Obama did create more manufacturing jobs than any President in history. What he doesn't tell you is that they were all created in China.”

Brian’s comment received 2,461 “Likes.”

Penny McPadden offered: “Trump has done more for America in 8 days than Obama did in 8 years.”

Penny got 621 “Likes.”

Jomathai Xclbr opined: “Well Obama, I guess this is why Wisconsin, Michigan, Ohio and Pennsylvania voted to put Hillary into the White House right??? All those manufacturing jobs; I don't know if making a big Mac or Whopper counts.....lol”

Jomathai got 72 “Likes.”

All of which indicates that many of the conservative political “experts” and pundits may be quite correct in their opinions that the leftists in the U.S. are a quickly shrinking number.  

Naturally, of course, there's no way of knowing who the Breitbart readers are, and whether or not they themselves have any true credibility. And it’s also certainly reasonable to assume that, other than liking what Trump has to say, those readers really can’t do much to rebuild the nation’s economy as individuals. 

However, there are very real proofs of Trump’s capabilities, as reported in another Breitbart posting, this one written by Pam Key and posted on Facebook today, as shown below: 

“Wednesday on CNBC’s “Power Lunch,” the CEO of U.S. Steel Mario Longhi said after the election of Donald Trump: “I have not felt an environment of positive optimism where forces are converging to provide for a better environment in quite a while. And this is pretty widespread. Customer suppliers, you know, throughout the communities.”

He added, “I’m more than happy to bring back the employees that we were forced to lay off during the depression … It could be close to 10,000.” 

While the article’s brief, covering only the basic details, this one too was followed by a stream of positive reader commentary. 

Rat Bastard wrote: “1,000 jobs saved at Carrier, 55 Billion incoming investment by billionaire Masayoshi Son/Softbank 55,000 jobs, now Steel looking to hire 10,000. 

“Trump not even sworn in yet and kicking butt across the board, how Great will America be after just 4 years of Trump at the pace he's already started? Now imagine 8.” 

To that DoveTale replied: “thank you for keeping track! :-)” 

At the same time, while major businesses have been responding extremely positively to Trump’s election, another favorite topic may no longer have to be followed here at all. 

As reported by Marc Morano @climatedepot.com: “President-Elect Trump’s appointment of [Oklahoma Attorney General] Scott Pruitt is a breath of fresh air. No longer do we have to suffer under President Obama’s ridiculous EPA ‘climate’ regulations. It is also refreshing that a Republican President is not throwing the EPA over to the green activists and the media by appointing a weak administrator. Christine Todd Whitman he is not!“ 

According to Chris Mooney, Brady Dennis and Steven Mufson @washington post.com: “Pruitt has spent much of his energy as attorney general fighting the very agency he is being nominated to lead.” 

Today, Trump’s transition team called Pruitt “an expert in Constitutional law,” saying he “brings a deep understanding of the impact of regulations on both the environment and the economy.” 

Trump himself said: “For too long, the Environmental Protection Agency has spent taxpayer dollars on an out-of-control anti-energy agenda that has destroyed millions of jobs, while also undermining our incredible farmers and many other businesses and industries at every turn.” 

Mother Nature seems to approve of Pruitt’s nomination herself,whereas dailymail.com reports today: “In what is being described as the coldest arctic blast since last winter, cities as far apart as Seattle and Chicago are expecting to cop a snow-coating in the coming days. 

Near freezing and below temperatures are forecast in New York, Illinois, Ohio, Missouri, Massachusetts, Michigan and Tennessee until Thursday, while “across the Northern High Plains in Nebraska, Colorado, Kansas, Texas, Wyoming, and other places, will be as much as 35 degrees colder than average for this time of year, according to the National Weather Service.” 

Thus, the results to date on the positive business reaction to Trump’s election, along with booming employment prospects, and now even the weather activity, prove his overall credibility. Which raises the question as to what any Democrat can negatively say that would not make them look like the misguided, consistently incorrect,  head-in-the-sand cultists they most certainly are.   

When further scanning news stories, seeking additional information regarding the present change toward a positive outlook in the business community at all levels, something about Trump’s approach to this sector of the economy comes through quite strongly. He understands personally what’s needed to succeed, having been involved for so long himself. 

And that was remindful of my own career in business finance. 

Throughout my career of leasing and financing equipment for all types and sizes of businesses, the most important factor regarding the risk in any transaction was the customer’s ability to satisfy the financial obligation involved. Thus, equally critical to the financial condition of any prospective customer’s business, were the skill and knowledge of those owning and operating the enterprises in question.   

As a practical reality, it was fairly common to come across businesses where, for many reasons, management wasn’t as capable as required by the enterprise involved. Most common occurrences arose in brand new, or “start-up,” situations where management hadn’t spent enough time to develop verifiable acceptable financial performance. Those types of situations were to be avoided by knowledgeable lending organizations, of course. 

Other places where extreme lending risk arose concerned existing, successful entity’s whose managements were new or inexperienced. This most often occurred due to takeover’s, mergers, business acquisitions, or retirement of key personnel for any number of reasons.  

Now, despite that the preceding examples refer to business transactions which at times might involve quite large sums of capital, the lending rationale is not only quite simple, it’s also entirely logical. Because it would make absolutely no sense to extend virtually any amount of funding in any business situation until lenders determined their probability of being paid back. 

And it’s that ability to make those kind of lending determinations correctly that are critical to any financial organization's remaining in business.    

Therefore, by using lending scenarios as the comparator, it can be seen why someone like Trump can drive a successful economy while typical Democrat politicians cannot.  

Today Eric Peters @washingtonexaminer.com headlined his column: “Durbin's debit debacle introduced in 2010” 

Mr. Peters’ column began: “The federal government can legislate — and regulate — but neither thing can suspend economic laws any more than passing a law forbidding gravity can make a bowling ball float weightlessly.” 

He then described the federal government passing a law back in 2010 limiting the processing fees that banks could charge retailers when a customer pays for an item with a debit card. However, the banks naturally found other ways to recoup the lost revenue, which Mr. Peters found “about as surprising as discovering that a bowling ball dropped out of a window will fall to the ground below.” 

Mr. Peters then noted that when politicians such as bill-sponsoring Democrat Senator Dick Durbin of Illinois tacked the amendment onto the Dodd-Frank "financial reform" legislation — they “often know about as much about economics as they do do about Newtonian mechanics.” 

“Durbin and Co. seem to have expected the banks to provide their services — processing each debit card transaction — for free. Or at a fixed (lower) price, determined not by the market — but by political/legislative fiat. 

“This is execrable — morally as well as economically.” 

As a result: “The overall effect has been a 3-5 percent uptick in the costs paid by debit card holders. This works out to an estimated $14 billion annually, according to a study of the matter done by the Federal Reserve.” 

So, there we have a glaring example of why the Trump victory was comprised of so many voters crossing traditional party lines, while at the same time so many others are becoming “Independents.”   

Because, be it the economy, foreign policy, jobs, the environment , health care, education, natural resource development, immigration, the Justice Department, defense or any other government function, the best personnel for the tasks at hand are now sought. Politics itself and/or political correctness simply don’t matter any more. Just like in the best of business deals.  

That's it for today folks.

Adios