Archive for the ‘Economy’ Category
You’ll want to read Scott Rasmussen’s article if you want to what’s driving the 2016 election. I’ll highlight here a couple things that Mr. Rasmussen things are important:
It’s all about personal finances—Some believe it’s about the economy, which is a close substitute. But what really matters is how people feel about their own personal finances. If people are feeling much better about their own finances in a year, that would be good news for the Democratic nominee. If things stay the same or get worse, it’s bad news for the president’s party.
The White House has regurgitated their chanting points on the economy whenever there’s a monthly jobs report or a quarterly GDP report. Their economic team could probably recited it in their sleep. That means nothing to voters.
Because the Obama administration’s policies help big corporations, people working for big corporations have done well, especially with their stock market investments. They weren’t hurt by excessive regulations like small businesses have been hurt.
Small businesses have gotten hit with tons of additional costs through regulations. Because much of their would-be profits have gotten eaten by compliance costs, they haven’t been able to expand their businesses or give employees raises.
The Big Blue Wall is a Myth—Democrats argue that all they have to do is win states that consistently voted for their party since 1992 and they just about have the Electoral College locked up. The problem with this theory is that it’s the result of the Republicans winning a majority of the popular vote only once in the past six elections. If a Republican does better in the popular vote, he or she will win some of those states Democrats think they have locked up.
I recently sat down with the red state-blue state map for 2012. Democrats, we’re told, have 242 electoral votes in their column. Republicans have 199 electoral votes in their column. It’s likely that Florida will flip back into the red column. That’s 29 EVs. I can’t picture Hillary doing well in blue collar Ohio. If that’s flipped into the red column, that’s another 18 EVs. Those states’ results suddenly put the race 246 Republicans, 242 Democrats. Colorado will likely flip for the Republicans, too. That’s another 9 EVs, putting the GOP ticket at 255 EVs. Winning Iowa’s 6 EVs and Wisconsin’s 12 EVs puts Republicans at 273. That’s before talking about Virginia, New Mexico, Nevada and New Hampshire.
It’s likely that Hillary will run a ‘War on Women’ campaign. The question isn’t whether that will be Hillary’s strategy. The question is whether she’s a terrible candidate who’ll be seen as manipulative and contrived. Thus far, Hillary hasn’t shown that she’s got the political talent required to pull that off. I think that the thing that other pundits have called rust is really Hillary’s lack of talent. If her last name was Miller, I don’t think the DC punditry would call her a top tier talent.
We’re hoping that this proposed loft-style market rate condominium will soon be built on the corner of 523 W. St. Germain St.
Today, Downtown is fast becoming the economic, cultural and social center of a dynamic region. Additional housing assures round-the-clock activity and the businesses to support it. According to the latest studies, the trend is going back to “downtown living” because it is more sustainable and simply more enjoyable. St. Cloud’s size, location, and history make it an ideal community to capitalize on these new trends and help pave the way for the future of this city.
We are in a rare position to re-brand our self and capitalize on these emerging trends. The timing is now and together we can continue to create a community that people will be drawn to, not only to visit, but to live. Thank you to all that have been involved in this project along the way for your vision, assistance and support.
The DTC has their fingers crossed; this is a game changer!
That’s some interesting spin. Talking about sustainability in terms of economic development sets off tons of red flags. Economic development and the environmental movement don’t fit together. Further, what studies show downtown St. Cloud turning into “the economic, cultural and social center of a dynamic region”?
If these studies are legitimate, which I’d doubt, why should I accept as fact that these condominiums are the key to revitalizing downtown St. Cloud? If these condominiums are the key to rebranding downtown St. Cloud, what’s the DTC’s Plan B if this doesn’t work?
Better yet, is revitalization of downtown St. Cloud a higher priority than keeping stores from leaving? That’s already happening but we don’t have an answer for why it’s happening. Lots of projects have been tried in downtown St. Cloud over the last 5 years. Most have failed. The ones that haven’t succeeded failed because they tried turning St. Cloud into something it isn’t or because they were totally out of character with St. Cloud.
The condo projects that’ve worked were built in neighborhood settings, not in downtown St. Cloud. Perhaps the Downtown Council should scrap their studies and study that model before supporting this project. (I suspect most of the studies the DTC are more wishful thinking than scholarly studies.)
Brian Beutler’s article is a testimony to how warped hardline progressives’ thinking is. Check this out:
At every step, we were told our goals were misguided or too ambitious; that we would crush jobs and explode deficits. Instead, we’ve seen the fastest economic growth in over a decade, our deficits cut by two-thirds, a stock market that has doubled, and health care inflation at its lowest rate in fifty years. So the verdict is clear. Middle-class economics works.
As a theme, this riff should have struck a chord with the conservative movement’s myriad Reaganologists.
This, supposedly, is Beutler’s attempt to prove that Barack Obama is the next Reagan. Let’s check that comparison. The ‘Obama Recovery’ is still the slowest recovery in history. It’s created few full-time jobs. Most of the jobs it’s created are part-time jobs. Economic growth has stagnated because a) regulation has skyrocketed and b) Obamacare became the law of the land.
Most of the full-time jobs that’ve been created were created in spite of Obama’s policies. Think Texas, which is pretty much putting anti-Obama policies in place, and North Dakota, where the Bakken Boom is happening because they didn’t have to deal with Obama’s oppressive, stifling regulations.
Any comparison with Reagan is foolish. In September, 1983, the economy created 1,100,000 jobs. For 6 straight quarters, GDP topped 5%. Thus far, the economy hasn’t grown by 4% two quarters in a row. It hasn’t had back-to-back quarters topping 3.5%.
Comparing Obamanomics with Reaganomics is like comparing a small plate of tofu with a thick, juicy steak with a side of hash browns. They’re both food but that’s where the similarity ends.
The economy’s rapid growth in recent quarters has scrambled these assumptions, and now the White House is pitching the Reagan comparison to political reporters in Washington.
What rapid growth? Seriously? Economists will slap down Beutler’s claims in a New York minute.
“All historical analogies are imperfect,” Obama’s senior adviser Dan Pfeiffer told me recently, but “people connected the economic success of the ’80s to Reagan’s policies and Democrats also became convinced that the only way to win was to move to the middle. … We want to make sure people understand the policies we put in place, how they work, how they’ve improved their situation, so when Republicans get back into it we’ll have shifted the four corners of the political debate to the left.”
First, there’s no question that President Obama’s policies are definitely to the left of where people are at. Further, there’s no question that it’ll take time to fix the myriad of messes President Obama has created.
Finally, here are the biggest ways to show Obama isn’t like Reagan:
- Economic growth was robust during the last 6 years of Reagan’s time in office.
- Economic growth during President Obama’s time in office has been pathetic.
- Reagan’s national security policies brought the Soviet empire to its knees.
- President Obama’s policies of appeasement has helped terrorism expand its control while threatening most of the civilized world.
Other than that, Obama’s accomplishments are virtually identical with Reagan’s.
This morning, Mitt Romney officially announced that he isn’t running for president:
Mitt Romney announced Friday he will not run for president in 2016, after briefly flirting with a third White House run — a decision that only slightly narrows the crowded field of potential Republican candidates.
“After putting considerable thought into making another run for president, I’ve decided it is best to give other leaders in the Party the opportunity to become our next nominee,” Romney said in a written statement. He also was announcing his plans on a conference call with donors Friday morning.
Though this is a bit of a surprise, it might be as simple as Mitt being unable to put together a national organization rather than him not wanting to run. It might also be that he’s finally accepted the fact that he’s history in the eyes of GOP activists.
Lots of people, myself included, think he would’ve been vastly superior to President Obama. Obama’s national security policies are a disaster. President Obama’s economic policies have revived terminology like new normal. President Obama’s economic policies haven’t revived talk about a booming economy.
Mitt won the nomination in 2012 against a weaker field than this year’s field of candidates. Adding to Mitt’s worries is the fact that he started talking like a liberal. That isn’t how to win the GOP nomination. Mitt was a compromised candidate in 2012, too. He couldn’t take the fight to President Obama on President Obama’s biggest failure, aka Obamacare. This time around, Mitt would’ve had to fight against the economic accomplishments and conservative reforms of people like Scott Walker and Rick Perry.
The simple fact is that Mitt couldn’t win.
If there’s anything that Erin Murphy knows how to do, it’s spin the DFL’s BS. Here’s a perfect example of that ‘ability’ showcased:
That’s rich coming from a DFL legislator who’s voted repeatedly to shaft the Iron Range without giving them the mine to go with it. Throughout the Iron Range, income inequality is rampant. The poverty level on the Iron Range is frightening. The Iron Range’s middle class is almost nonexistent. Still, Rep. Murphy is lecturing Republicans about income inequality? She should be ashamed of herself. (She won’t be but she should be.)
The DFL’s metrocentric bent is quite noticeable. The DFL has shoveled tons of K-12 funding into the Twin Cities but they barely throw a scrap to the Iron Range. The DFL certainly doesn’t work to open mines that would help build an actual middle class in northern Minnesota.
Still, it’s difficult to feel sorry for Rangers. They’re the people that keep electing politicians that take them for granted.
This MPR article highlights the distinct differences between the DFL’s and the MNGOP’s priorities. Check this out:
Minnesota Senate Democrats want free education at the state’s two-year colleges, loan forgiveness for rural doctors and dentists and a program to link up career-minded students with employers in need of skilled workers. Their initial batch of bills would also fund early childhood education, child protection measures and disaster relief for counties hit by storms last summer.
Republicans contend that tax reductions for businesses are the best way to boost the economy and grow jobs. Toward that end, the first bill introduced by House Republicans calls for a series of business tax cuts.
Our ‘friends’ at the Alliance for a Better Minnesota are predictably criticizing Republicans’ approach in this e-letter:
The Republicans in the Minnesota House just released their priorities for the year. And I’ll give you one guess what is included. Tax cuts for businesses. Sounds pretty familiar, right?
Republicans regained the majority this fall, giving them the chance to implement their priorities after being in the minority for two years. And this is what they chose.
Once again, Republicans chose big corporations over real commitments to working families, schools, roads, bridges, and colleges. This has been their main priority for years, and it looks like nothing has changed.
Actually, ABM is lying through their teeth on the tax cuts. It’s indisputable that they’re directed at businesses. It’s totally disputable, though, that they’re directed at “big corporations.” Many of the Dayton/DFL tax increases were characterized as taxing the rich. The truth is, though, that most of the DFL’s tax increases were on small businesses.
The reality is that lots of sole proprietorships and LLCs are the DFL’s targets. The wealthy have their wealth protected and don’t pay much in taxes. They’re essentially protected from the DFL’s tax increases.
This statement is pathetic:
Bakk also criticized the quickness of Republicans to pursue tax cuts. He said that approach has been tried, and failed. “I just do not believe that you can drive economic development by reducing a business’s taxes,” he said. “Because, one, you have no assurance that it’s going to get passed on to build the business.”
That’s BS. When Gov. Dayton tried recruiting companies to relocate to Minnesota, he put together a package of tax cuts for them. Further, it’s important that Sen. Bakk answer whether businesses expansion is possible without capital formation. The answer to that is it isn’t.
ABM and the DFL have shown that they’re anti-jobs. You can’t be pro-employee and anti-employer. It’s that simple.
One question that Gov. Dayton and the DFL have continually refused to answer is where the proposed pipelines are. Gov. Dayton, the DFL and their allies in the environmental movement constantly cite the need for additional studies to make sure the pipeline won’t hurt Minnesota’s supposedly pristine waters.
Whatever their arguments, the truth is that Gov. Dayton, the DFL and environmental organizations don’t want pipelines built. As a result, farmers are getting hurt and cities along rail lines are at greater safety risk. The Anoka County Watchdog highlighted the problem:
One of the most prolific offenders in this regard is Governor Dayton, whose incompetence creates numerous problems he then attempts “solve,” mostly by wrongly blaming others for starting the fire.
Such was the case this week, when the Governor showed up in Coon Rapids for a roundtable discussion on rail congestion in the city and the attendant problems it is causing.
The city is home to two mainline tracks which carry a large volume of freight to the West Coast. These tracks have become congested, mostly because of oil trains, which is causing not only an inconvenience, but is creating safety issues as trains block intersections and the oil trains remain a risk for derailment.
I don’t often give advice but I’ll make an exception this time. If the GOP majority in the House of Representatives want to put the DFL in a difficult position, they should vote on legislation that puts a time limit on how long it takes from initial application to final up-or-down vote.
That doesn’t mean all pipeline projects be approved in that time period. It simply means the regulating bodies have to vote up or down. The regulating body would have to explain why they rejected a pipeline company’s application. For instance, the Public Utilities Commission couldn’t just call for examining different routes. If the PUC rejected the application, they’d have to give a substantive, point-by-point explanation for why they rejected a pipeline company’s application.
If the DFL majority in the Senate rejected the House bill, then they’d have to explain to voters why they voted against freeing up railcar space for farmers. That’d expose the DFL as being anti-farmer and/or anti-outstate Minnesota.
In 2014, the DFL insisted that they weren’t anti-outstate Minnesota. In 2016, they couldn’t make that argument because Republicans would have substantive proof for their accusations..
Don Davis’s article is the perfect starting point for highlighting the upcoming fight between Minnesota’s farmers and Twin Cities environmentalists:
From Gov. Mark Dayton on down, it is common to hear them wishing that Minnesota had a resource worth as much as that being pumped from the Bakken oil field in western North Dakota. Then, almost without pause, a politician can pivot and complain that North Dakota’s oil makes Minnesota a more dangerous state.
So it was no surprise the other day when the Minnesota Legislative Energy Commission slipped, as if on an oil puddle, from talking about rail congestion slowing the delay of coal to power plants to the dangers of railroads transporting oil across the state. Rail safety is not in the commission’s portfolio, but over the past couple of years, the nine or 10 oil trains a day that pass through Minnesota has become an explosive issue in the Capitol.
Six or seven trains, each with at least 100 cars of oil, travel from Moorhead through the Twin Cities and on southeast each day, headed to Midwest and East Coast refineries. Fewer go from North Dakota, then south through Willmar and Marshall to Oklahoma and the Gulf Coast. So when Dave Christianson of the Minnesota Department of Transportation was telling the commissioner about rail congestion that many blame on North Dakota crude oil, questions arose about rail oil safety.
Last fall, Gov. Dayton sidestepped why the commissioners he appointed to the Public Utilities Commission voted to stall building the Sandpiper Pipeline by 3-5 years. Minnesota is at a tipping point, a crisis:
Christianson said that if every pipeline proposed through 2025 is built, “we could empty all the oil trains being moved today.” However, he quickly added, Bakken production is growing so fast that its output would be so big that pipelines could not handle it all and the same number of oil trains would be needed as are on the tracks today.
In other words, Minnesota needs to throw environmentalists under the bus. It’s indisputable that pipelines are the safest way of transporting oil from the oil fields to refineries. It’s equally indisputable that they aren’t 100% safe. What’s sad is that environmentalists insist that they be perfectly safe.
They insist on that knowing that that isn’t possible.
Meanwhile, farmers can’t get their grains to market and iron ore can’t get their ore to steel mills. Environmentalists have consistently won those fights during the Obama administration. Now we’re facing a crisis. We’re experiencing a fracking boom but we don’t have the infrastructure to transport the oil & natural gas fracking is producing.
This year, the DFL will have to decide if they’re pro-farmer or pro-environmentalist. Gas prices are dropping. Home heating bills are less expensive. Families are liking the fact that they’ve got more money in their pockets when they finish paying their bills. That trend isn’t likely to stop anytime soon:
Paul Thissen’s op-ed, which was also published in the Rochester Post-Bulletin, had so spin that I couldn’t fit it into one post. Here’s more of Thissen’s spin:
They voted against the Homestead Credit Refund that provided $120 million in direct property tax relief to 450,000 homeowners, helping reduce statewide property taxes for the first time in 12 years.
Bill Salisbury’s article quickly discredits Thissen’s spin:
Overall, cities have proposed a 4.6 percent property-tax levy increase, counties’ levies would go up 3 percent, townships would levy an additional 2 percent and special taxing districts proposed a 3 percent boost.
Thissen and the DFL initially raised taxes and fees by $2,500,000,000. After getting blasted for raising taxes on B2B transactions, Thissen and the DFL returned to St. Paul a repentant bunch. They quickly repealed the tax increases they’d passed just months earlier. Thissen and the DFL frequently justified that gigantic tax increase by promising property tax relief to the middle class. Apparently, the DFL failed. Property taxes didn’t drop. They’re still going up.
They failed to support our farmers, voting against grants to help family farms start up and expand, against livestock disease research and against the new Farm-to-Foodshelf program.
Republicans voted against the DFL’s attempt to use taxpayers’ money to buy votes with massive spending increases directed at their special interest allies. The Dayton-Thissen-DFL budget wasn’t a budget as it was the DFL checking off as many of the items on the DFL special interests’ wish list as possible.
The DFL’s tax bill didn’t reform the tax code to make Minnesota competitive with its neighboring states. It’s amazing that the DFL’s hostility to businesses didn’t result in them losing more seats.
More importantly, I hope to hear the Republicans move on to governing and discuss how the entire state can prosper together as one.
That’s a clever trick on Thissen’s part. You’d almost think that there was a Republican governor setting the agenda. It’s the governor that proposes. The legislature’s role is to debate Gov. Dayton’s budget, then offer amendments to the things he got wrong. Unfortunately for Minnesota businesses, there’s be so much uncertainty caused by Gov. Dayton’s budgets that businesses didn’t create as many jobs as they could have.
Will Thissen and the DFL support opening PolyMet? Will they support building the Sandpiper Pipeline project? Will they insist on a silica sand-mining moratorium? Those projects alone would spread prosperity throughout more of Minnesota.
When Gov. Dayton, Sen. Bakk and Rep. Thissen attended the DFL State Convention, their devotion to Iron Range jobs was so tepid they wouldn’t even permit a debate on whether the DFL’s platform should include a simple statement saying that they support mining.
I’d love hearing Speaker Thissen explain how stifling debate on a major economic development issue helps “the entire state can prosper together as one.” That explanation would likely be more twisted than a pretzel.
Then again, I could say that about most DFL economic policies.
Paul Thissen’s op-ed in Friday night’s St. Cloud Times is breathtakingly dishonest. Here’s a prime example of Thissen’s dishonesty:
On the campaign trail, Republicans like Daudt attacked these accomplishments as inadequate, attacks ironically financed by enormous contributions from big Twin Cities corporate special interests. So it seems fair to ask:
Will Republicans be willing to stand up to their big Twin Cities corporate donors and make sure to continue DFL investments in education that are closing the funding gap between rural and suburban school districts rather than handing out corporate tax breaks?
I frequently wrote about the Democrats’ dishonest claims that Republicans supported “handing out corporate tax breaks.” To be fair, most of those claims were made against Torrey Westrom’s and Stewart Mills’ congressional campaigns but Thissen’s claims are dishonest just the same. One of the DCCC’s ads accused Torrey Westrom of shutting down the government “to give tax breaks to his wealthy friends.”
First, Republicans haven’t written any legislation that would “hand out corporate tax breaks. Thissen knows that’s verifiable fact but he doesn’t care because he’s utterly dishonest. Soon-to-be Minority Leader Thissen can clear this all up by citing which legislation the Republicans authored would’ve given corporations tax breaks.
Most importantly, though, let’s focus on who funded the DFL’s legislative campaign. In St. Cloud, the DFL paid for most of the campaign mailers. I don’t recall getting any mailers from Dorholt’s campaign proper. I also got mailers from a pro-union group called Working America Minnesota Political Fund. This is one of their mailers:
Will Minority Leader Thissen “be willing to stand up to [his] big Twin Cities” special interest allies in the next legislative session? Will he stand up to the environmental activist wing of the DFL? Will he tell Alida Messinger that he’ll steadfastly support mining on the Iron Range?
History shows he won’t. When AFSCME and SEIU insisted that the DFL impose forced unionization on small businesses, then-Speaker Thissen didn’t think twice. Rather than siding with the hard-working ladies who run in-home child care facilities, Thissen and the DFL voted with Eliot Seide and Javier Morillo-Alicea instead.
When convenience stores told him not to raise the cigarette tax because that’d hurt their businesses, Thissen didn’t just ignore them. He raised the cigarette tax $1.50 a pack. Thanks to Thissen and the DFL, convenience stores in Greater Minnesota got hurt.
Will a Republican legislature respond to the unique economic challenges that have made it harder for our economic recovery to be felt from border-to-border?
Unlike the DFL of the last 2 years, the GOP House will respond to Greater Minnesota’s economic needs. The GOP didn’t ignore small businesses’ calls to not start applying the sales tax on business-to-business transactions. In the House, the DFL voted for raising those taxes. After they got an earful from businesses after the session, the DFL knew that they’d overreached.
Sensing that their majority status in the House was in jeopardy, the DFL quickly moved to repeal the B2B sales taxes that they’d passed just months before.
Paul Thissen wasn’t the only DFL legislator who displayed hostility to businesses. That’s why he’ll soon be the House Minority Leader rather than getting another term as Speaker.