TheFrontPageCover
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The Many Factors Driving GM's Cutsby Nate Jackson
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U.S. to Address Impending
INF Withdrawal at NATO Summit
by Natalie Johnson
{freebeacon.com} ~ Senior U.S. officials will soon brief allies on plans to withdraw from a bilateral nuclear arms control treaty with Russia in the wake of repeated violations by Moscow... the nation's top intelligence officer said Tuesday. Director of National Intelligence Dan Coats told reporters he will speak with European partners during this week's NATO summit in Brussels to address the threat posed by Russian violations of the 1987 Intermediate-Range Nuclear Forces Treaty, or INF. The Trump administration announced plans to withdraw from the agreement last month, but they have not yet laid out a timeline to formally exit the deal, Coats said. "We are still pursuing this issue relative to working with our allies, particularly Europeans," he said....
MSNBC’s Own Reporter Kills Their Caravan Narrative
by Kemberlee Kaye.
NY Times Makes Major Omission in
Piece on Chinese Health Care
by Carrie Sheffield
{aim.org} ~ The Foundation For Economic Education called out bias from The New York Times in how it portrayed China’s health care system in a narrated video... Sarah Lilly, a blogger for the foundation, wrote an article headlined, “The New York Times Reveals the Horrors of Capitalism — By Showing China’s State-Run Hospitals.” In the piece, Lilly wrote that the premise of the Times video was to criticize private health care in China but did not depict any for-profit health care facilities. “Under Mao Zedong the Communist state provided free health care for all,” the New York Times video narrator states. “Decades later, China adopted a unique brand of capitalism that transformed the country from a poor farming nation into an economic superpower. Life expectancy soared. But the introduction of capitalism and the retreat of the state meant that health care was no longer free.” “If the Times had visited one of China’s many private hospitals, they would have found something quite different from the chaos depicted in China’s public health care facilities,” Lilly wrote. “China’s private hospitals are the opposite of the chaos depicted in the Times’ video. Wait times are practically non-existent. You don’t have to bribe anyone to be seen... https://www.aim.org/aim-column/ny-times-makes-major-omission-in-piece-on-chinese-health-care/?utm_source=AIM+-+Daily+Email&utm_campaign=Daily%20Email%20Nov-27-2018&utm_medium=email.
State Funds Nonprofit That Provided
‘Material Support’ to Iran, Hamas
by Susan Crabtree
{freebeacon.com} ~ The State Department's bureau of political-military affairs continues to direct tens of millions of dollars to a nonprofit... that paid a $2 million-dollar fine and admitted to providing "material support" to Iran, Hamas, and other groups the U.S. considers terrorists or terrorist-linked. The lucrative contracts for IED and other bomb removal continued despite the Trump administration's tougher policies on Iran and pledge to undertake a maximum diplomatic and financial pressure campaign against Iran and terrorist groups linked to it. The Norwegian People's Aid, or NPA, an Oslo-based humanitarian non-profit strongly affiliated with labor unions, has at least a six-year history of working for the U.S. Agency for International Development and more recently for the State Department for demining and other bomb-removal efforts around the world. In April, NPA settled a civil suit with the Justice Department, agreeing to pay a fine of $2 million for failing to disclose its work for the Iranian government and other U.S.-banned entities in a grant application for USAID work in Sudan... Why are we doing this, makes no sense to me..
PG&E being zapped by lawsuits
from California’s Camp Fire victims
by Leslie Eastman
The Many Factors Driving GM's Cutsby Nate Jackson: Taxpayers spent nearly $50 billion bailing out General Motors in 2008 and lost more than $11 billion. We argued at the time that the auto giant had been hampered for years by over burdensome union contracts and subpar craftsmanship. Ten years later, that’s still true (albeit to a lesser degree), and now the bailed-out company is laying off 14,000 workers in North America, including eliminating more than 8,000 white-collar jobs and closing five plants (four in the U.S.). Cue the media outrage … at President Donald Trump. No doubt GM’s announcement does hurt Trump. After all, two of the plant closures and much of the job loss will occur in states he won — Ohio and Michigan. His campaign was and is centered on bringing jobs back to the U.S and restoring downtrodden towns in Middle America; GM is doing the opposite.
Democrats were quick to blame Republican tax reform. Sen. Sherrod Brown (D-OH) said in a statement, “GM received record tax breaks as a result of the GOP’s tax bill last year, and has eliminated jobs instead of using that tax windfall to invest in American workers.” That ignores the forest to focus on one tree, but it’ll swing some votes thanks to amplification by the Democrats’ Leftmedia super PAC. We’d like to say that every instance of a corporation paying less in taxes ($157 million less in GM’s case) led to more jobs, but that’s not always the case due to other considerations.
GM itself fairly laid some of the blame on Trump’s tariffs on steel and aluminum, which the company says cost $1 billion over a full year — dwarfing its corporate-tax savings. Tariffs are no doubt a factor in GM’s decision. Tariffs are taxes, of course, and companies pay for them by cutting costs elsewhere; GM’s cutting took the form of 14,000 jobs. It’s going to take more than Trump threatening GM CEO Mary Barra that the company “better damn well open a new plant [in Ohio] pretty quickly” to get those jobs back.
We’re struck by the near-total lack of any media mention of the massive bailout of GM or of the role unions have played in driving up production costs. But another major factor here is what products GM chose to make. GM builds its popular SUV models in other countries, while it struggles to sell the sedans and compact cars it makes in the U.S.
By the way, the Chevy Volt is on the chopping block. Making that car was not a market-driven decision but a political one, hence the massive taxpayer-subsidized rebates for it. Poor sales are now costing jobs. “When I’m not president anymore, I’ll buy one and drive it myself,” Barack scumbag/liar-nObama promised in 2012. We suppose his dream scumbag/liar-nObama Car will never become reality now. Likewise for the Chevy Cruze, which he literally signed the hood of as he dubbed it “the car of the future.” That model too was axed.
From a big-picture standpoint, this doesn’t bode well for Americans’ already declining view of capitalism, either. As Main Street workers lose their jobs, GM’s Wall Street stock went up. Now, cronyism isn’t capitalism, and as we’ve already explained above, this is a complicated story. But the socialism captivating so many Democrats these days is much worse. The free market is still the best economic system ever devised, even if there are painful cuts along the way.
~The Patriot Post
https://patriotpost.us/articles/59677?mailing_id=3894&utm_medium=email&utm_source=pp.email.3894&utm_campaign=snapshot&utm_content=body
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