In a clear sign of desperation; as President Trump approval numbers jump significantly while the impeachment effort fails; and seeming to accept that Democrat 2020 ambitions are evaporating in front of her eyes; Speaker of the House Nancy Pelosi tears up the printed copy of President Trump’s State of the Union remarks at the conclusion of the speech.
Quite a remarkable display of pettiness and partisan hate. Meanwhile, it creates a strong contrast as President Trump presents an optimistic outlook for a bright future…
This loser stunt by Pelosi is such an act of desperation it looks ridiculous. Trump Winning easily.
This is terrible. For unknown reasons a car crossed the median on a highway in Kentucky and drove directly into a bus carrying students from Covington High School. The driver of the car was killed, some of the bus passengers were injured including the bus driver.
The students were returning home after the March for Life rally in Washington DC.
CALIFORNIA, Ky. — One person is dead and several are injured following a head-on crash involving a charter bus carrying Covington Catholic students, Campbell County police said.
The crash happened around 7:20 a.m. Saturday in the northbound lanes of the AA Highway at California Crossroads in Campbell County.
According to witnesses on the scene, a southbound car somehow entered the northbound lanes of the highway, striking the charter bus head-on.
“I saw a car come across the median and head toward me,” said Ricky Lynn, a witness who was also driving north. “I was able to get out of the way.”
The driver of the wrong-way car was pronounced dead at the scene. That driver’s name has not been released.
Two people on the bus were taken to area hospitals for treatment, and others suffered minor injuries. The motor coach driver suffered a minor knee injury, the bus company said.
The bus was full of Covington Catholic High School students and several parent chaperones, who were returning from the March for Life rally in Washington. The bus was one of four in a caravan, carrying a total of about 200 passengers. (read more)
Armstrong Economics Blog/Opinion
Re-Posted Jan 22, 2020 by Martin Armstrong
COMMENT #1: HILARIOUS!! A simple FOOL wanting to shoot the messenger.
“A closed mind gathers NO facts.”
Old Texas bumper sticker. “To hell with them, let them freeze to death in the dark.”
COMMENT #2: Hi Mr. Armstrong….yes I agree, you are dangerous, but the real issue is “dangerous to whom ?” Certainly not to citizens who search for truth in their government.
COMMENT #3: Hey Marty,
Not to worry you have many who value your counsel and experiences as a trader, history buff, visionary, lawyer and computer programmer. As a recovering social parasite that still works for the Federal government, it not easy sometimes to recognize the errors of your past thoughts and actions. I hope that you can continue to tip at the windmills of our linear thinking patterns with your work. Please don’t let your critics and enemies get under your skin too much. We always look forward to your next post.
Grace and peace to you,
REPLY: No worries. I find these people just a joke myself. I refrain from publishing them because sometimes they are just so off the wall it is hilarious. They claim I make up the questions because I publish ones that are at least valid. So once in a while I will post some of these crazy ones just to show how nuts they can be.
I was in Philadelphia during the Occupy Wall Street Movement when they camped out by city hall. I was in the building across the street and came out wearing a suit and tie. One yelled at me calling me a “Corporate Liberal” and I just had to stop and ask just what the hell was a Corporate Liberal? He was stringing together two opposing concepts of evil big corporations and conservatives who called opponents liberal. I just had to laugh. Some of these are just beyond even trying to figure out what they are so angry about. Just life I suppose.
I really think we need to split the country and all the left should move left to California and the right should move to the right. Where you draw the line down the middle would be interesting. I am more Libertarian, so perhaps I should just leave. Maybe we should colonize Mars and just start all over.
Armstrong Economics Blog/Corruption
Re-Posted Jan 22, 2020 by Martin Armstrong
The case against Julian Assange is all about exposing the truth that goes on behind the curtain. There has NEVER been any allegation that the information he has released was false. Even the emails from the Democrats that they blame on hacking by Russians have NEVER been denied as fake. All of the information that has been released is REAL.
So where is the crime? The crime is that the people have no right to know what the government is doing illegally. It is why Snowden is in Russia. These people are threats to the government — not the people. The Democrats protect a whistleblower when the leaked info supports a faction in the government. The government is NOT the sovereign of the nation, and that is clearly stated in the Constitution — We the People.
This begs the question: who is the real traitor
Armstrong Economics Blog/Politics
Re-Posted Jan 21, 2020 by Martin Armstrong
COMMENT: Marty, your writings are always ahead of the curve and your sources are amazing. Just read today Hillary gave an interview and she is obviously trying to stay in the mix. She came out and said about Bernie Sanders: ”He was in Congress for years. He had one senator support him. Nobody likes him, nobody wants to work with him, he got nothing done. He was a career politician. It’s all just baloney and I feel so bad that people got sucked into it.”
REPLY: She wants to be the first woman president and that has always been her goal. It was the reason she married Bill. All my sources have always made it very clear she has been the driving force behind Bill. She has tolerated his countless women because she is really a lesbian and it has been all about power. Some younger women hate her. They call her a “feminine nazi” who has hated men. It was Madeline Albright who had the audacity to say there was a “special place in hell” for women who don’t support Clinton. She expects women to vote for her just because she is a woman regardless of her political positions.
I have known women politicians like Maggie Thatcher. NEVER was there any emphasis that she was qualified because she was a woman. It was always about the issues – NEVER about gender. Hillary has NEVER gotten beyond the ’60s. She relives it every day in her world. It is well known that Bill Clinton lives in New York and Hilliary Clinton lives in DC where they collectively own separate residences. Now they only appear together in official capacities because the Clinton’s have a political partnership, not a marriage. Gennifer Flowers revealed in an interview that would ONLY be published in London, that she and Bill would have been together now if it wasn’t for Chelsea. She reported that Bill confided in her that Hillary was bisexual.
When they first got in the White House, a friend of mine who was the former chairman of the Republicans for Ronald Regan in a state, called me to tell me that a Secret Service agent had walked in on the second floor in the White House and caught Hillary in bed with another woman. She picked up an ashtray and threw it at him hitting him in the head. It was just a few weeks in the White House. I did not believe it and asked if this was what I was going to have to listen to for the next 4 years? He said this came directly from the Secret Service. I still did not believe it. Then I read a small piece on the incident. Hillary’s conduct with other women in the White House was indeed coming from the Secret Service and the rumor mill was overflowing so much that the Secret Service was warned to keep their mouths shut.
The interesting aspect is that these stories would make the print, but typically OUTSIDE the USA – not within.
Certain media outlets are giving fawning coverage to “Equal Pay Day,” a “public awareness event” invented by the National Committee on Pay Equity to “illustrate the gap between men’s and women’s wages.” This group claims that women earn much less than men because of “discrimination.”
Parroting that storyline, NBC News published an article entitled “What Is Equal Pay Day? Here’s Everything You Need to Know.” Penned by Shira Tarlo, this article states that:
- women make “77 cents for every dollar that men earn.”
- Republican Senators and Donald Trump have blocked measures to solve this problem.
- “Equal Pay Day is a reminder that despite some progress, the wage gap persists, and women have ways to go when it comes to economic equality.”
Likewise, Brett Molina of USA Today reports: “On average, women are paid about 80% of what men are paid. To reach pay parity, women will have to wait until 2119, according to AAUW [American Association of University Women]. If you are a woman of color, that gap is even wider.”
Many other journalists, activists, celebrities, and politicians are making similar claims, but the facts are clear that women in the United States earn the same compensation as men for doing the same work. On average, full-time, year-round female workers earn about 20% less cash wages than males, but when four factors relating to equal work and pay are taken in account, all or nearly all of this gap disappears. These four factors are:
- Full-time male workers average 6% more workdays per year and 5% more workhours per workday than full-time female workers.
- Males typically have more work experience and are more likely to pursue technically demanding and higher-paying careers, such as computer science and finance.
- More than 28% of U.S. workers are in physically challenging occupations (like construction), and most men have considerably more muscular strength than most women.
- Women are more apt to take jobs that offer higher fringe benefits in exchange for less cash wages.
Various studies that have attempted to account for some—but not all—of these factors have found:
- “Once we control for outside factors the wage gap between men and women shrinks considerably. Now women earn typical pay that is on average 98% of the typical pay for men by major. Occasionally, women may even earn more. Therefore, when looking at gender-specific pay by major for a controlled sample, the wage gap all but disappears.”
– PayScale, 2009
- “[A]fter we controlled for all the factors included in our analysis that we found to affect earnings, college-educated women working full time earned an unexplained 7 percent less than their male peers did one year out of college.”
– American Association of University Women, 2012
- “Our analysis of the gender pay gap is the first to include fringe benefits in a comprehensive measure of compensation for men and women. The results show that including fringe benefits makes a considerable difference in the analysis of earnings differentials. In fact, we conclude that any measure of earnings that excludes fringe benefits may produce misleading results as to the existence, magnitude, consequence, and source of market discrimination. For our sample of working men and women between the ages of 26 and 34 in 1990, the average female wage rate was 87.4% of the average male wage rate; but when an index of total compensation is used, the estimate rises to 96.4% of male compensation.”
– Industrial Labor Relations Review, 1995
Per a 2009 analysis of gender wage studies conducted for the U.S. Department of Labor by CONSAD Research Corporation:
It is not possible to produce a reliable quantitative estimate of the aggregate portion of the raw gender wage gap for which the explanatory factors that have been identified account. Nevertheless, it can confidently be concluded that, collectively, those factors account for a major portion and, possibly, almost all of the raw gender wage gap.
Deceiving the Public
The National Committee on Pay Equity asserts that a 2003 study by U.S. General Accounting Office “found a 20 percent earnings gap between women and men that could not be explained, even when accounting for demographic and work-related factors such as occupation, industry, race, marital status and job tenure. This gap is attributable to discrimination; certain jobs pay less simply because they are held by women and people of color.” To the contrary, this study explicitly states:
Due to inherent limitations in the survey data and in statistical analysis, we cannot determine whether this remaining [wage] difference is due to discrimination or other factors that may affect earnings. For example, some experts said that some women trade off career advancement or higher earnings for a job that offers flexibility to manage work and family responsibilities.
The study goes on to detail that it does not account for:
- “fringe benefits—most importantly, health insurance and pension coverage.”
- “job characteristics such as flexibility that men and women may value differently.”
- “education quality or field of study, such as college major.”
- “cognitive ability or measures of social skills, all of which may affect earnings.”
The National Committee on Pay Equity does not even link to this study, which is unsurprising given how it distorts it. Yet, instead of exposing this deception, many media outlets are serving as mouthpieces to amplify it.
Stirring Up Racial Strife
The same reporters and media outlets are also echoing the rhetoric of the National Committee on Pay Equity about wages and race. For example, NBC News claims: “While women across all races and ethnicities lag behind those of white men, as well as men in their own racial or ethnic group, minority women face greater challenges in this regard. Data from a 2016 study illustrates that while white, non-Hispanic women make 83 cents for every dollar, Black women make 66 cents, and Hispanic women make 60 cents.”
Just as with gender, the facts are clear that people of all races in the United States earn the same compensation for doing the same work. Racial wage gaps can be traced to differences in work output due to factors like education, marriage, career choices, English fluency, and skills in reading, writing and math.
People who falsely claim that discrimination is the cause of wage differences can stir up racial strife by fueling resentment and bitterness. Gallup polls conducted from 2001 to 2016 found that both blacks and whites felt that racial harmony reached an all-time modern low in 2015 and 2016.
Holding People Down
Another effect of false discrimination allegations is that they cultivate a victim mentality that prevents people from reaching their potential. A 2015 paper in the Proceedings of the National Academy of Sciences investigated people’s views about freewill, or “the belief that they are responsible for their actions.” The study found that:
- “freewill beliefs are intricately linked to basic motor processes critical to effective self-control.”
- “discouraging a belief in freewill decreases activation in brain regions associated with intentional—and arguably goal-directed—action.”
- “belief in freewill appears critical to individuals’ ability to overcome the temptation to engage in self-detrimental and antisocial behavior.”
- “hallmark indicators of self-control are the abilities for individuals to regulate their attention and to persist at challenging tasks.”
In sum, the facts show that much rhetoric surrounding Equal Pay Day slanders employers who have done no wrong, stokes gender and racial hostility, and hinders people from being successful.
Approximately 22,000 second amendment supporters rallied at the Richmond, Virginia capitol today to petition state government not to infringe on the rights of law-abiding gun owners.
Appearing to cheer for some confrontation or violent outcome, the national media had hyped the event as a massive assembly of “right wing militia groups”; further attempting to inject a racial element around the MLK holiday by proclaiming “white separatists” would be squaring-off against Virginia law enforcement. It was all fake news.
An incredible contrast of media nonsense against the reality, purpose and intent of a peaceful rally to petition state government for a constitutional right.
President Trump was correct on October 29th, 2018, when he shared: