Posted originally on Feb 24, 2025 by Martin Armstrong
Former Biden Transportation Secretary Pete Buttigieg chastised the practice of DEI initiatives while speaking to the DNC Chair. That’s correct – the same forum that blamed Kamala’s loss on racism and misogyny. Buttigieg recently moved to Michiga,n where he is expected to run for state governor. The Democrats are turning on the very policies they aggressively pushed after realizing the people will no longer vote for woke insanity.
Pete Buttigieg said: “What do we mean when we talk about diversity? Is it caring for people’s different experiences and making sure no one is mistreated because of them, which I will always fight for? Or is it making people sit through a training that looks like something out of Portlandia, which I have also experienced, and it is how, it is how Trump Republicans are made if that comes to your workplace with the best of intentions, but doesn’t actually get at what actually matters here.”
Apparently, DEI initiatives create “Trump Republicans” as people want to be judged on their character and qualifications rather than their race or sex. Pete Buttigieg is the DEFINITION of a DEI hire. He had absolutely no qualifications to lead the nation’s transportation sector. Biden cheered that Pete would become the nation’s first openly gay person to be confirmed by the Senate to a Cabinet position. Biden said he was appointing Pete to be in his “Cabinet of barrier-breakers” and openly said he was there “BUILD BACK BETTER.”
What qualifications did he have other than diversity? Some say that he helped handle some transportation issues while acting as mayor of South Bend, Indiana. Certainly, that could not be the BEST American for the job.
The Federal Aviation Administration (FAA) recently lashed out at DEI quotas, partially blaming the program for the recent Delta plane crash. “You couldn’t fill the role rather than us just simply saying, we need the best and brightest individuals, and we’re going to hire you specifically on merit. We’re going to train you specifically on merit,” Senator Markwayne Mullin stated. As a result, class sizes shrank to 80% to 70% of capacity to maintain DEI required ratios. “So Pete Buttigieg carries no credibility. The only reason why he was there was probably because of DEI to begin with,” Mullin said.
Now, Buttigieg is pivoting his stance completely. Yet, as Transportation Secretary, he established the Advisory Committee on Transportation Equity (ACTE) to force employees to undergo civil rights and equity training; he repeatedly apologized for having too many White people in his office. During his 2020 campaign for president, he openly stated that he wanted minorities to vote for him. “I need help, so the black voters who know me best, the people of South Bend, helped return me to the office by an overwhelming margin,” Buttigieg begged.
Following more of his speech at the DNC Chair:
“If we were more serious about the actual values and not caught up in vocabularies and trying to cater to everybody only in terms of their particular slice of combinations of identities versus the shared project. Actually if we thought about it a little bit differently, things like diversity would be actually an example of how we reach out beyond our traditional coalition.”
Politicians will claim to support any agenda that garners votes. Pete Buttigieg moved up the political ranks as a direct result of DEI hiring practices and now he is criticizing his own party for becoming “caught up in vocabularies” and not focusing on “actual values.” Expect more “progressives” to switch their stance and pretend they never supported the woke madness.
Posted originally on Feb 13, 2025 by Martin Armstrong
The two states that are attracting the most investment capital and migration from the notorious Blue States of California and New York are none other that the two states without income taxes – Texas for computers and Florida for finance.
Trump’s announcement of his intention to transform the US into “the world capital of artificial intelligence (AI)” and what is now being called Stargate is said to be the largest project of its kind “by far in history” with the joint venture between tech firms OpenAI, SoftBank, and Oracle. This is said to be investing $500 billion in AI infrastructure over the next four years of the Trump Administration. Big tech is migrating from California and its Silicon Valley is moving brick by brick to Texas. They say 10 data centers are already under construction in the state, 10 more are on the way, and the project’s first one-million-square-foot data center will be based in Abilene in western Texas.
The flight out of New York has been underway since, especially with the COVID-19 pandemic. That was the final nail in the coffin of NYC. Wall Street executives have been shifting operations and jobs to Florida, fleeing New York City. Well over 200 financial firms have left, and some of the biggest fund managers. The shift is now over $2 trillion, showing no sign of letting up. The peak for NYC actually came in 2016, which was right on target with the 224-year cycle of political change from the founding of the New York Stock Exchange, which traces its origins to the Buttonwood Agreement signed by 24 stockbrokers on May 17, 1792.
Moreover, tax exemption for municipal debt could be chopped with the Tax Cuts and Jobs Act (TCJA) of 2017 slated to expire at year-end 2025. Tax loopholes will be high on Republicans’ legislative agenda. However, an extension or expansion of TCJA’s provisions could grow the federal budget deficit sharply. Tax-exempt municipal bonds date back to the earliest federal income tax in 1913 and have been a pillar of state and local project funding ever since. It is not that they have managed the debt efficiently. According to the National League of Cities, municipal bonds are a $4 trillion market and have financed approximately 75% of US infrastructure—with hospitals, schools, airports, water and sewer systems, public power facilities, and toll roads among the many beneficiaries.
Detroit went bankrupt in February 1933, before U.S. municipal bankruptcy laws were enacted, the city defaulted on its $350 million in outstanding debt (equal to $6.4 billion today). Many of its suburbs joined in the insolvency. On the American side of the border, Dearborn, Farmington, Pontiac and Royal Oak all defaulted; on the Canadian side, Windsor, Ont. went bankrupt. In fact, in Canada, East Windsor, Sandwich and Walkerville all were in default by 1934. A 1935 act of the Ontario provincial legislature consolidated these cities and their debts into contemporary Windsor, and the debt was slowly repaid. The tax free status in the US was also to overcome the defaults and suspension of debts during the Great Depression in addition to widespread defaults of nations in 1931 onward.
As this migration continues from the Blue States to the tax-free Red States, we will see a rash of defaults at the muni and state levels post 2026.
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