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How Very Big Tech-DC: Jeffrey Epstein’s Meeting with Elon Musk and Big Tech’s Elite

Westlake Legal Group elon-musk-pot-smoking-SCREENSHOT-620x321 How Very Big Tech-DC: Jeffrey Epstein’s Meeting with Elon Musk and Big Tech’s Elite ula Tesla Motors tesla Target Races spacex Solar City republicans Popular Culture Politics Policy Peter Thiel PayPal News NASA Media lucy LinkedIn law jupiter Jeffrey Epstein Government Front Page Stories Front Page facebook environment Energy Endorsements elon musk Economy donald trump democrats Defense Department Climate Business & Economy

There are variations of a joke that have been making their way round the Internet.

A version goes something like this:

Q: What is the difference between pedophiles and Republicans?

A: Washington, D.C. and Big Tech will work with pedophiles.

We all know how both DCs Swamp Creatures and the monstrous Big Tech monsters feel about members of the GOP.

President Donald Trump is the first Republican in decades to actually take seriously the implementation of conservative policies.

And DC and Big Tech – the Swamp Elites – HATE him.

Why the Swamp Hates Trump

Washington Post’s Bezos Hates Trump

Elon Musk Is Not a Fan of Donald Trump

Leaked Video: Google Leadership’s Dismayed Reaction to Trump Election

And whenever Big Tech companies discover Republicans on their payroll – they carve them out as if they were melanoma cells.

One of the Swamp Elite’s favorite people – was Jeffrey Epstein.

You remember Jeffrey Epstein.  Epstein committed suicide in jail in August – after FINALLY getting (again) arrested after decades of sexually assaulting underage girls.

‘I’m Not a Pedophile’: Remorseless Jeffrey Epstein Said ‘Children He Raped and Assaulted Did Not Look Underage, and Claimed HE Was a Victim’ In His Final Interviews

The ‘Sex Slave’ Scandal That Exposed Pedophile Billionaire Jeffrey Epstein

Epstein sounded like a really pleasant fellow.

But Epstein was rarely alone on his escapades.

Jeffrey Epstein’s World of Wealth and Powerful Friends

And sometimes – members of DCs Swamp Elite were on board and along for the ride.

Flight Logs Show Bill Clinton Flew on Sex Offender’s Jet Much More Than Previously Known

Well that’s hardly a galloping shocker.  But….

Jeffrey Epstein Documents Could Expose Powerful Politicians

Accused Sex Trafficker Jeffrey Epstein’s Political Connections: A Guide

Flight Logs Released from Jeffrey Epstein’s ‘Lolita Express’

And when it came to political coin – Epstein was like serial woman assaulter Harvey Weinstein.

Both loved lavishing lots of coin on Democrats.  Which bought both of them lots of closed eyes and turned heads – when it came to their sexual depravities.

Democrats Pressured to Return Donations from Harvey Weinstein

Billionaire Sex Offender Epstein Gave Heavily to Democrats

The Left desperately tried to tie Trump to Epstein.  Except….

Trump Banned Epstein From Mar-a-Lago Years Ago, Here’s Why…:

“‘…because Epstein sexually assaulted an underage girl at the club, according to court documents….’”

You know who didn’t ban Epstein from…anything at all?  Big Tech’s Elite.

In 2011, Jeffrey Epstein Was A Known Sex Offender. The Leaders Of Amazon, Google, And Tesla Dined With Him Anyway:

“After pleading guilty to charges of soliciting prostitution from an underage girl, Jeffrey Epstein spent part of 2011 reintroducing himself to elite society.

“A March 2011 dinner with the most powerful figures in tech showed just how connected he was…..

“Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, Google cofounder Sergey Brin, and others were all in town for TED, the annual conference with the slogan ‘ideas worth spreading.’  They were among friends at an annual event called the ‘billionaires’ dinner’….

“This elite dinner, and another similarly select gathering that Epstein attended later that year, were both organized by the New York literary agent John Brockman, whose exclusive intellectual club, called Edge, seems to have played a role in Epstein’s efforts to regain credibility and influence in circles of the rich and powerful.

“At the time, he was less than two years removed from finishing a 13-month prison term in a Florida state jail for soliciting prostitution from an underage girl….

“Epstein wasn’t named in the photos posted on the Edge website, but he appears in the background of a snap of Zack Bogue, a venture capitalist and husband of Marissa Mayer, then a vice president at Google….

“Other photos show the participants mingling before or after taking their seats. Also present were Bezos; Musk; Brin; Salar Kamangar, then CEO of (Google-owned) YouTube; Mayer, who the following year left Google to become CEO of Yahoo; and Anne Wojcicki, Brin’s then-wife and CEO of genetic testing startup 23andMe….

“Epstein attended a second exclusive Edge event in July 2011, held over a weekend at a winery in St. Helena, California. There, he mingled with a handful of leading scientists and several science journalists, plus wealthy power brokers including Sean Parker, former president of Facebook, and Nicholas Pritzker, a venture capitalist and former CEO of the Hyatt Development Corporation. Pritzker’s venture firm has invested in Uber, (Musk’s companies) Tesla and SpaceX and he is now on the board of vaping startup Juul Labs.”

That is a veritable Who’s Who – of Big Tech Elites.

What have we learned?

Nothing new, really – if you’ve been paying any attention at all.

Just like DCs Elite, Big Tech’s Elite will put up with a whole lot of really heinous behavior – if you keep kicking in huge coin to fund their activities.

And/or provide illegal extracurricular activities in which they can engage.

All of which begs a set of separate, specific questions: Of the Donald Trump Administration – about government-funded perpetual failure Elon Musk.

Musk owns the aforementioned SpaceX and Tesla – and SolarCity.

All three of which – have (at least) two things in common:

They have each taken billions of dollars in government money – and they are all miserable failures.

Elon Musk: The $5-Billion-Government-Money-Recipient ‘Genius’

Welfare King Elon Musk: No One Rewards Failure Like Government

Elon Musk and the Art of Failing Successfully

The Many Failures of Elon Musk, Captured in One Giant Infographic

Musk Defends Receiving $4.9 Billion in Government Support for Tesla, SolarCity and SpaceX

Heavily Subsidized and Failing: Elon Musk and SolarCity

Elon Musk, Tesla, and the Solar Roof Tile Fraud

Taxpayer Subsidies Helped Tesla Motors, So Why Does Elon Musk Slam Them?

Musk Calls Out SpaceX Rival for Receiving Billion Dollar Subsidy

Elon Musk on SpaceX: ‘I Always Thought We Would Fail’

About which Musk couldn’t care less – so long as it’s our massive money he’s losing.

If ever there was a person at the Big Tech-DC Swamp crossroads – it is Elon Musk.

Almost no one has his snout more deeply buried in the DC money trough.

Almost no one is more beloved for his many, MANY government-funded failures.

Musk is Big Tech’s biggest DC Swamp Creature.

So why hasn’t Donald Trump ejected Musk – the way he ejected Epstein?

The Trump Administration – has kept the Musk government gravy train a-rolling.

Despite Musk’s badmouthing Trump prior to the 2016 election.

Here’s Everything Elon Musk Has Ever Said About Donald Trump

Despite Musk endorsing Democrat Andrew “$1K a Month In Vote-Buying Bribes for All” Yang for 2020.

Despite ALL of this – we get:

Trump Praises Elon Musk

Vice President Mike Pence Met With Elon Musk

VP Pence’s meeting would have only made sense – if he had taken it to deliver pre-President Trump’s famous phrase:

You’re fired.”

It’s WAY past time – to FINALLY get uber-failure Welfare King Elon Musk off the government teat.

The post How Very Big Tech-DC: Jeffrey Epstein’s Meeting with Elon Musk and Big Tech’s Elite appeared first on RedState.

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5G Wireless Makes Net Neutrality Even Dumber Policy

Westlake Legal Group Net-Neutrality-copy 5G Wireless Makes Net Neutrality Even Dumber Policy wireless Wired Web Search washington D.C. Technology technolgy Section 230 satellite progressives Privacy Politics Policy News network neutrality Net Neutrality law Internet of Things Internet Government Google Front Page Stories Front Page Foreign Policy Economy China California Business & Economy 5g 4G

The Left has spent the last five decades rigidly insisting the world was on the verge of imminent climactic collapse.

We are constantly on the verge of warming ourselves into mass extinction.

Dig this – from June, 1989:

U.N. Predicts Disaster if Global Warming Not Checked:

“A senior U.N. environmental official says entire nations could be wiped off the face of the Earth by rising sea levels if the global warming trend is not reversed by the year 2000.”

I’ll give you all a second to check a nearby calendar….

Yes, it’s nearly 2020.  Two decades AFTER the predicted beginning of the end.  Things are…exactly as they were.

The Left remains steadfastly impervious to facts.

The Left appears to like dozens.  Dig this – from January 2019:

Ocasio-Cortez on Millennials: ‘We’re Like the World Is Going to End in 12 Years if We Don’t Address Climate Change’:

“The world is going to end in 12 years unless the government takes action, Rep. Alexandria Ocasio-Cortez (D-N.Y.) said Monday at a Martin Luther King forum in New York City.”

How very United Nations-1989 – of AOC-2019.

How long are they incessantly wrong – before we finally stop listening to them?

The Left has spent the last two decades rigidly insisting the Internet was on the verge of imminent collapse.

We are constantly on the verge of Non-Neutralizing the Web into mass extinction.

Dig this – from June 2002:

A Proposal for Network Neutrality:

“(T)here is growing evidence that carriers can restrict the use of their broadband networks in ways that distort the market for internet applications, home networking equipment and other markets of public value….

“This proposal introduces the principle of network neutrality or non-discrimination as a tentative answer….”

Yes, Internet Service Providers (ISPs) “can” block you.  But they never, ever do.

Because they are in the customer service business.  If they do not service their customers – they will quite soon be out of business.

Since “Net Neutrality’s” introduction to the Leftist zeitgeist – we have always been one second away from a catastrophe…that never, ever comes to pass.

Dig this – from the 2010 election cycle:

Stand with Bold Democratic Candidates for Net Neutrality:

“Giant corporations want to take over the Internet. But over 95 bold Democratic candidates are going “on offense” – promising to protect Net Neutrality!”

Get that future tense again?  “Giant corporations want to take over the Internet.”  Not “have taken over the Internet” – they “want to” do so.

They haven’t yet – but they can AT ANY SECOND!

Actually, 95 Democrats and Democrat candidates signed that 2010 election petition.  How’d that go?

95 PCCC Pro-Net Neutrality Democrats All Lost on Tuesday – and PCCC Raised Less than $300 On It

Well that went well.

And here we are in the tail end of 2019.  After another decade of frenetic, frantic predictions of Internet doom.

Net Neutrality: Why the Next Ten Days Are So Important in the Fight for Fair Internet

The Left LOVES timelines – that turn out to be utter irrelevant to Reality.

Red Alert for Net Neutrality

Advocates Showed Friday Why Court Must Restore Net Neutrality

Net Neutrality Pros and Cons: This is Why it Must Be Preserved

Repeal of Net Neutrality Is Bad for Education, Business and You

Well, it’s 2019 – how’s the Internet doing?

Exactly the same freedoms as always.  And all the additional, exponential speed and quality improvements.

Provided solely by the Private Sector – that the Left wants to pummel with totally unnecessary government Net Neutrality regulations.

Speaking of private sector improvements – behold Fifth Generation Wireless….

What Is 5G, and How Fast Will It Be?:

“5G is the industry standard that will supersede the current widespread 4G LTE standard, just as 4G supplanted 3G. 5G just stands for ‘fifth generation’ – it’s the fifth generation of this standard.

“This standard is designed to be much faster than current 4G LTE technology. It’s not just about speeding up smartphone internet connections, though. It’s about enabling faster wireless internet everywhere for everything from connected cars to smart-home and Internet of Things (IoT) devices….

“While 4G tops out at a theoretical 100 megabits per second (Mbps), 5G tops out at 10 gigabits per second (Gbps). That means 5G is a hundred times faster than the current 4G technology.”

Let’s compare these wireless speeds to my home’s hardline-wired broadband connection.  I live in a suburb of a town of 2,000 people.  In the Land of Second Homes – where most people live mostly elsewhere rather than here….

I just tested my speed.  My major ISP ( I shan’t disclose – but trust me, it’s a major) – just timed at 281.78 Mbps.

Think about this: 4G wireless – is already within shouting distance of wired broadband.

The most data-intensive thing to currently do online – is stream video.  And just about everyone in America can currently, seamlessly stream video – on their wireless devices.

That’s impressive.

5G wireless is going to blow the doors off of 4G wireless – and wired broadband.

Thank you yet again, Private Sector.  For yet again delivering exponential increases in speed and quality.  Yet again – totally bereft of Net Neutrality regulations.

And 5Gs super speeds – makes Net Neutrality even dumber now…than its ever before been.  And that’s saying something.

The Net Neutrality argument is – there isn’t enough competition amongst ISPs.  So they will – one day, perhaps, maybe…. – block you.

Even though it would be STUPID ISP business practice.  Which is why ISPs never, ever have.

Well, we’re very, very soon all going to have wireless service that is MORE THAN THIRTY TIMES FASTER than my current hardline broadband speed.

Which means I’ll have about a dozen wireless ISPs – competing with my hardline ISP.

Which, by the way, I have had all along the way with 4G.

I work from home.  When my hardline connection fails me – I HotSpot my laptop off of my 4G cellular phone.  Out here in the hinterlands.

And I do everything I want to do online – up to and including streaming video.

The truth is: Net Neutrality has been orders-of-magnitude stupider – since the Private Sector delivered us 4G.

But the Left still insists on counting ONLY hardline connections – as connections.  Most unfortunately, so does our government.

But if almost all of us can do everything we need and want to do online wirelessly – how the heck does that not count as a connection?

We can all do all of that – on 4G.

We will all be able to do all of that – and so much more than we can currently conceive – on 5G.

And we’ve been doing all of it – totally bereft of titanically stupid Net Neutrality regulations.

May we please, FINALLY retire the stupid, ridiculous Net Neutrality?

(He asks…knowing the Left will never, ever abide Reality.)

The post 5G Wireless Makes Net Neutrality Even Dumber Policy appeared first on RedState.

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China Blinks on Pork and Soybean Tariffs

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Some news from the trade war front. China has decided to exempt pork and soybeans from future tariffs, giving a much needed reprieve to the agricultural sector in the United States. There was joking last week when China lifted tariffs on a few inconsquential items that it was an “olive twig,” but this move signals something bigger.

Via Reuters.

SHANGHAI (Reuters) – China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China’s official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war.

The United States and China have both made conciliatory gestures, with China renewing purchases of U.S. farm goods and U.S. President Donald Trump delaying a tariff increase on certain Chinese goods.

This is likely happening for reasons related to China’s condition, not as a gesture of good will. China would like nothing more than to stick it to us but they rely on our agricultural products to keep their people from starving.

An outbreak of deadly African swine fever, which has cut China’s pig herd by a third since mid-2018, has propelled Chinese pork prices to record levels and left the country in need of replacement supplies from overseas. U.S. pork exports to China so far this year have largely fallen short of expectations.

That issue of diseases didn’t just come out of nowhere. It is a result of China sourcing unsafe Russian pork to try to replace what we were selling them. In other words, China needs us and they are starting to feel the pinch. Hence, they lifted these tariffs because they need the imports, not just to be nice.

It’s disappointing that just last week I saw some conservatives on Twitter snarking that Trump should retreat and declare victory. That’s short sighted and stupid. It’s exactly the kind of attitude that got Trump elected, i.e. the idea that Republicans aren’t willing to fight the tough battles. Trump is winning this trade war. For now, the U.S. has been largely left unscathed, with the markets already rebounding big after a scare a few weeks ago. The question is whether Trump can finish this before 2020. This isn’t something he’s going to want hanging over his head. That’s the only wildcard in this.

————————————————

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The post China Blinks on Pork and Soybean Tariffs appeared first on RedState.

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Obamacare-Backing Big Insurance – Looking to Again Expand Government Medicine

Westlake Legal Group danger-big-government-1-620x446-copy Obamacare-Backing Big Insurance – Looking to Again Expand Government Medicine senator lamar alexander republicans Politics Policy Patty Murray Obamacare News medicare for all lower health care costs act of 2019 law healthcare Government Front Page Stories Front Page Economy democrats Business & Economy Bipartisanship bipartisan

One heinous aspect of the heinous history of the woefully misnamed Affordable Care Act – aka Obamacare – was…and is…the vociferous backing of the inanity by huge insurance companies.

Notice I didn’t say small insurance companies.  Few such animals still exist – most having already been murdered by government medicine programs.

Small insurance companies can’t afford all the crushing costs of huge government medicine – so they die.

Which is good for huge insurance companies.  You know – less competition.

Also good for Big Insurance?  A law mandating everyone in the nation purchase their products – which Obamacare did.

Did Big Insurance know the law was awful – and it would make their products MUCH more expensive?  Of course they did.  Bad news for We the People – great news for them.

On average, Obamacare doubled premiums and tripled deductibles for those of us subjected to its heinousness.  Great news for Big Insurance.

Even better news…for Big Insurance?  Government would hand them ongoing, rolling, huge rafts of cash – i.e. around $1 trillion in premium subsidies.

But Obamacare was so awful – those ongoing, rolling, huge rafts of cash…weren’t nearly enough.  So President Barack Obama started unilaterally, illegally handing Big Insurance even more of our money.

So when the Donald Trump Administration and Congressional Republicans, God bless them all, started rolling back all the omni-directional Obamacare heinousness – we were delivered some of the most unsurprising headlines in the history of human communication.

Insurers Come Out Swinging Against New Republican Health Care Bill

Insurers Oppose Latest Republican Obamacare Repeal Effort

Insurers Oppose Repeal of Obamacare Individual Mandate

Not Even Insurance Companies Want Obamacare Repealed

“Not even” – should actually read “most especially.”

Because of the $1+ trillion in government money.  Because of the government mandate We the People buy their stuff.

Who cares if government medicine always and everywhere makes things demonstrably, exponentially worse for 300+ million Americans?

There are Big Insurance executives’ estates to be maintained.  And trillions of dollars of government money – covers a lot of lawn and house work.

So when any opportunity arises to increase government’s screwing up of medicine – Big Insurance is all the way down with the struggle.

Senators Release Plan to Lower Health Costs, End Surprise Bills

Because as has – yet again, very recently – been thoroughly demonstrated…government is excellent at lowering health costs.

A huge fan of this government medicine expansion – is a man by the name of Loren Adler:

“‘From a policy perspective, there’s a rationale that this is the ideal approach,’ said Loren Adler, the associate director of USC-Brookings Schaeffer Initiative for Health Policy….

“It’s possible that this option will upset provider groups, who risk receiving lower payments and having less leverage with insurance companies. Adler said these fears are mostly unfounded….”

Adler seems to be the media’s go-to fan of this latest attempt at government medicine expansion:

“Loren Adler, associate director of the USC-Brookings Schaeffer Initiative for Health Policy, estimated that the proposed benchmark payment rate provision could help lower health insurance premiums by about 0.5% across the country.”

Wow.  A whole one-half of one percent.  Maybe.

Government yet again assaulting the medical industry – to get a MAYBE 0.5% rate reduction.

Thank you, no.  We the People pass.  Congress – should not.

And this minuscule prospective reduction – is according to this guy Adler.

The media loves mentioning Adler’s college gig.  But did you catch that “Brookings” reference?:

“Loren Adler is associate director of the USC-Brookings Schaeffer Initiative for Health Policy,  a partnership between the Center for Health Policy at Brookings and the University of Southern California Schaeffer Center for Health Policy & Economics.”

“Brookings” – is the Brookings Institute.  A Leftist “think” tank headquartered in Washington, D.C.

Did you catch the “Schaeffer” reference?  “Schaeffer” – is Leonard D. Schaeffer.

Let’s flash back to February 2016, shall we?

Leonard D. Schaeffer Initiative for Innovation in Health Policy Established:

“Leonard D. Schaeffer, a trustee of both Brookings and the University of Southern California, has provided a gift of $4 million to establish the Leonard D. Schaeffer Initiative for Innovation in Health Policy….

“The Initiative aims to inform the national health care debate with rigorous, evidence-based analysis leading to practical recommendations using the collaborative strengths of USC and Brookings.”

That’s an extraordinary amount of coin.  But that really ain’t nothing.

New Gift Strengthens USC Schaeffer Center’s Influence in Health Policy:

“Ten years after they created a research center at USC dedicated to advancing health policy, Leonard and Pamela Schaeffer have renewed their investment with a donation of $17 million….

“They established the center in 2009 and endowed it three years later with a $25 million gift.”

Tens of millions of dollars.  Dedicated by Schaeffer – to affecting government medicine policy.

Which seemingly means – expanding government medicine…yet again to the benefit of Big Insurance.

And how, pray tell, did Schaeffer acquire so much money – that he can afford to donate this manner of big coin to affect government policy?

Let us flashback to October 2003, shall we?

Acquisition Would Create Nation’s Largest Health Insurer:

“In a marriage of Blue Cross giants, Anthem Inc. agreed yesterday to buy WellPoint Health Networks for $16.4 billion in stock and cash, creating a company that would be the nation’s largest health insurer….

“WellPoint’s chief executive, Leonard D. Schaeffer, who created the company on the foundation of a successful turnaround of Blue Cross of California, will hand the reins to Larry Glasscock, Anthem’s chief executive….Mr. Schaeffer, 58, a former government health care official, will be chairman.

“Mr. Schaeffer’s WellPoint holdings — 3.3 million shares, according to a Securities and Exchange Commission filing last month — jumped in value by more than $70 million yesterday, to over $300 million.

“He would also receive $27.5 million under a change-of-control clause in his contract and about $10 million more in executive retirement benefits, according to the WellPoint proxy and other filings.”

Well isn’t all of that utterly unsurprising.

Schaeffer – was a government health care official.

Who then became the key player in turning already-big insurance – into the biggest of Big Insurance.

And received more than $300 million by so doing.

And now he and his minions are trying to expand government medicine – to the benefit of Big Insurance.

How very DC of…everyone involved in this very terrible idea.

The post Obamacare-Backing Big Insurance – Looking to Again Expand Government Medicine appeared first on RedState.

Westlake Legal Group danger-big-government-1-620x446-copy-2-300x112 Obamacare-Backing Big Insurance – Looking to Again Expand Government Medicine senator lamar alexander republicans Politics Policy Patty Murray Obamacare News medicare for all lower health care costs act of 2019 law healthcare Government Front Page Stories Front Page Economy democrats Business & Economy Bipartisanship bipartisan   Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com 

Trump: Pay no attention to that garbage ABC/WaPo polling outfit

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Alternate headline: “Presidential tweet focuses country’s attention on ABC/WaPo poll showing Trump’s job approval sliding.”

It made me laugh to think of lawyers threatening a pollster. With what? Bad Sampling in the First Degree?

There’s one true thing in those two tweets: ABC did briefly have Trump falling 12 points behind Hillary in October 2016 — from October 20 to 23, to be exact. Other pollsters saw Clinton’s lead balloon around the same time, though. The AP had her up 13, Suffolk had her up 10, and so on. That’s not because of data-rigging or FAKE NEWS!, it’s because Trump was getting battered at the time by fallout from the “Access Hollywood” tape and the women coming forward to accuse him of various forms of sexual misconduct. Not long after, though, Comey released his letter to Congress announcing that he was reopening the Emailgate probe. And late deciders began weighing whether to sign up for another four years of Clintonism or to try to something different in a big way. The very next ABC poll taken, from October 21-24, found Hillary’s lead slipping to eight points. The ABC/WaPo poll conducted from October 23-26 found it shrinking to five points. The next tracker, from October 27-30, after the Comey letter was issued, had it down to one.

The final poll they published before Election Day put the race at 49/46 for Hillary. That turned out to be the closest match of any major pollster with the national popular vote, which went 48/46. Which was no surprise: Contra Trump, ABC/WaPo actually has a sterling record of polling in presidential contests.

But we needn’t dwell on this. Anyone who doesn’t understand yet that Trump cries “fake!” at any news that’s bad for him to try to convince people not to believe it isn’t going to be swayed at this point. Besides, I can understand why today’s ABC/WaPo poll is especially irritating to him. It’s not the job approval number in it, which is bad at 38 percent (down six points from June) but nothing he hasn’t seen before. The ominous numbers are the ones associated with the economy, particularly the trade war with China.

While a 56 percent majority of Americans rate the economy as “excellent” or “good,” that figure is down from 65 percent in November. A separate question finds 6 in 10 say that a recession is either “very likely” or “somewhat likely” in the next year. That fear compares with 69 percent who said a recession was likely in fall 2007, shortly before the recession began later that year…

The Post-ABC poll finds 43 percent of Americans say Trump’s trade and economic policies have increased the chance of a recession in the next year, more than double the 16 percent who say his policies have decreased the likelihood of a recession. Another 34 percent say Trump’s policies have not made a difference…

But sizable shares of Trump’s core supporters say they are worried about price increases because of tariffs, including 55 percent of whites without college degrees, 54 percent of people living in rural areas and 45 percent of white evangelical Protestants. Concern rises to about 6 in 10 political independents and people living in the suburbs, two key swing voting groups.

His approval rating on the economy was in majority territory in June at 51 percent. Now it’s at 46/47.

If we do end up in a recession, POTUS will use every rhetorical weapon available to him to shift the blame. It’s Jerome Powell’s fault for not lowering interest rates; it’s manufacturers’ fault for not moving their businesses out of China quickly enough; it’s Democrats’ fault for not agreeing to a payroll tax cut to stimulate the economy; it’s China’s fault for stubbornly resisting American pressure to end its intellectual-property banditry and play fair economically. Those arguments will work for fans but I don’t know if they’ll work for swing voters. A separate poll taken late last month showed most Americans will blame Trump if the economy goes south:

The Harvard CAPS/Harris poll of 2,531 registered voters at the end of August found that 57 percent would blame Trump more than the Federal Reserve or anyone else should America enter recession by the end of the year.

Moreover, 62 percent said they were somewhat or very concerned that there will be a recession in the next six months amid the China trade war, a global economic slowdown, and the waning impact of federal stimulus from early on in the Trump administration…

The Harvard CAPS/Harris poll found that 63 percent believe the tariffs are hurting the U.S. more than China. Moreover, 74 percent said U.S. consumers, not China, pay the cost of the tariffs.

The good news for him is that Americans do see the point of this war. Fifty percent approved of his tariffs on China despite the economic pain and fully 80 percent thought it was better to reckon with China’s chicanery now than to keep postponing it. That’d be an interesting electoral pitch if Trump tried it — “I know it’s tough right now but it’ll be tougher if we let China keep stealing. And unless you elect me to a second term, the next president will let them off the hook.” I don’t think he’d try that message, though; it’s too close to accepting responsibility for a negative development, something to which his ego is deathly allergic. He’ll try a combo of insisting that things really aren’t so bad and, to the extent that they are, it’s someone else’s fault.

One other ABC/WaPo detail via Charlie Sykes: Trump’s approval is at 30/64 among women, abysmal numbers that are way off his pace of 41 percent of the female vote in 2016. Obviously he’ll do better than 30 percent next November as some right-leaning women decide he’s the lesser of two evils, but you can see why I thought yesterday that a third-party run by a woman candidate could be dangerous to him. If a Carly Fiorina type pulled more women voters from him than from the Democrat, it could cost him a second term. Fiorina says it won’t be her, though, luckily for POTUS.

The post Trump: Pay no attention to that garbage ABC/WaPo polling outfit appeared first on Hot Air.

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Want to retire a millionaire? These 7 financial experts gave us their best retirement-planning advice

Westlake Legal Group Untitled-25 Want to retire a millionaire? These 7 financial experts gave us their best retirement-planning advice seniors retirement planning Retirement money saving money Income financial professionals financial advice Finances expert advice Economy Culture Features
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The Northern Virginia region is one of the wealthiest in the United States. That’s not lip service. It’s backed up by data. According to the most recent census, counties in Northern Virginia accounted for five of the top 10 highest median income households in the nation (including Loudoun County at No. 1 and Fairfax County at No. 2). And yet, saving for retirement remains a mystery and struggle for many. A recent study by Northwestern Mutual found that one in three Americans have less than $5,000 saved up for retirement, and 21% have no savings dedicated to retirement living. While not everybody is in that dire boat, most could benefit from a serious sit-down with a financial professional.

As part of our annual snapshot of the region’s Top Financial Planners, we talked to five of NoVA’s best and asked them to give us their advice on making sure money isn’t a worry when you finally leave the daily office grind behind. Read on for their retirement wisdom.

See our list of top financial professionals in NoVA here.

Westlake Legal Group Untitled-18 Want to retire a millionaire? These 7 financial experts gave us their best retirement-planning advice seniors retirement planning Retirement money saving money Income financial professionals financial advice Finances expert advice Economy Culture Features
Stephan Q. Cassaday (Photo courtesy of self)

Stephan Q. Cassaday, CFP®, CFS: Chairman & CEO

Cassady & Company, Inc., McLean

How do I determine how much money I’ll actually need in retirement? In this region, is $1 million too much? Not enough?
It is an individual decision based on a number of factors.  The most important of these is your budget.  How much do you need coming in from all sources, after tax, spendable, to do the things you will want to do? Subtract this pretax amount from your guaranteed income sources, such as pensions and social security, to determine your required portfolio withdrawals. It is an algebraic formula with the variables being required income, available assets and life expectancy. You should assume you will live to 100.

I have a 401(k). How do I determine the best asset allocation?
Aggressive with more stocks is better.  It is a myth that allocation should change as we approach retirement. The risk that most of us face is insufficient returns coupled with a long life, so higher returns than those available from traditional retiree portfolios are necessary.

What is an annuity and is it true you can live off that interest alone in retirement? 
An annuity is a group of investment choices wrapped with the guarantees and tax advantages of an insurance policy.  The guarantees (e.g. income for life) come at a cost that must be considered and in some cases are prohibitive.  We only recommend them in very specific circumstances.

What should be on my financial checklist as I’m prepping for retirement?
The most important thing is what you are going to do every day when the alarm goes off and you aren’t going to work.  This requires intense planning and is more challenging than the arithmetic.  Most people flunk retirement because they ignore this important step.  Find out what brings you joy and set up a plan to do those things.

Is paying off my mortgage an important goal before retirement?
There is an unimpeachable mathematical argument for having a large long-term mortgage.  Paying off mortgages is generally a bad idea.  You are taking money from a pool of assets that will very likely earn more than the cost of the mortgage and thereby losing money.

Westlake Legal Group Untitled-19 Want to retire a millionaire? These 7 financial experts gave us their best retirement-planning advice seniors retirement planning Retirement money saving money Income financial professionals financial advice Finances expert advice Economy Culture Features
Angela Bender (Photo by Christin Boggs Peyper)

Angela Bender, CFP®: CEO and Managing Partner

AMJ Financial Wealth Management, Leesburg

How should health care factor into my retirement savings as I get older?
You need to really understand the costs, and what you want your plan to look like in case of illness or disability. Are you single? Are you married? How is your health today and what is your family history? You need to plan for the everyday health expenses, with an eye toward how much health care costs are increasing, and what more catastrophic care expenses could be. Studies show that on average a 65-year-old needs $285,000 currently to just pay for health care premiums—no long-term care, just average annual health care needs.

Is paying off my mortgage an important goal before retirement?
For some it is vital, as they don’t have the savings to support the house expense in their everyday retirement budget, but for others it may not matter at all. Home equity can be an important part of an overall retirement plan. That is why financial planning is so important. It can help you define where and how you should allocate your money—
today and in the future.

How do I determine how much money I’ll actually need in retirement? In this region, is $1 million too much? Not enough?
How much money people need in retirement is not a single magic number. Individuals have different lifestyle factors that drive how much money they must save to be able to retire with confidence. How old are they, what sources of income they have, how is their health, how many people are in the household and what spending they anticipate. That is the beauty of financial planning and using goals to drive your outcome. You have a concrete understanding of where and how to save to meet your specific number to be able to retire with confidence that you won’t outlive your money.

How can I minimize tax obligation, especially in retirement?
Tax planning is a vital part of your financial plan at all stages of your life. During retirement, we want to make your taxes as stable as possible. To do that you need to get prepared early! You must consider how much income you need, what the income limits are to avoid higher Medicare premiums, and for social security taxation. Then we build an income plan with appropriate distributions from multiple kinds of tax money—some that is not taxed, some that has a little tax and, if necessary, some that is fully taxable.

What should be on my financial checklist as I’m prepping for retirement?
Really consider what you want for your lifestyle. If you want to travel the world, price out what that type of trip looks like, then how many of those per year would you want to take. Do a good inventory of your everyday essential living expenses. How much is the insurance premium for your home or car? Know all your latest sources of income and make sure your Social Security earnings look right. What benefits do you have at work that you may be eligible to keep? Do you need to do that? Make sure you don’t ignore disability in retirement. That is going to be a huge issue as we age. Do you have the right estate planning documents, and do you have a plan for if there is a disability?

Westlake Legal Group Untitled-20 Want to retire a millionaire? These 7 financial experts gave us their best retirement-planning advice seniors retirement planning Retirement money saving money Income financial professionals financial advice Finances expert advice Economy Culture Features
Gregory S. Smith (Photo courtesy of self)

Gregory S. Smith, CFP®, ChFC®, CPWA®, CTFA: Managing Director, Senior Financial Planner

The Wise Investor Group, Reston

What is an annuity and is it true you can live off that interest alone in retirement? 
Some people can, if they plan properly and that’s not their only income source.  If it is indeed an annuity, where you get a fixed monthly payment for the rest of your life, consider whether or not that fixed payment will be sufficient for you in future years when the costs of milk, eggs, utilities and other expenses have grown, due to inflation.  What it costs today for a gallon of milk is a lot more than what it cost 20 years ago. I do like the idea of multiple income sources, but annuities by themselves will likely not be sufficient.

What investment benchmarks are you using? How do you determine if the strategy you’re using is successful?
The investment benchmarks we use are 1. Can you sleep at night? and 2. Your financial planning risk requirement. If our financial plan says you need to be positioned for a 6% return, and if we can get half of that in bonds, that tells us that the majority of one’s account might need to be more equity-oriented.  In my opinion, your benchmark should be future-oriented and based on what it is you need to accomplish, rather than comparing your returns to an actual index.  Yes, it would be nice to meet or beat an index return, but I’m not convinced the risk and volatility associated with indexes from time to time are palatable to many investors.

How do I determine how much money I’ll actually need in retirement? In this region, is $1 million too much? Not enough?
How much money you’ll need in retirement is a function of many elements: The inflation rate you’ll withstand between now and all the way through your retirement, the rate of return you’ll receive on your investments along the way, the various tax treatments of your accounts (depending on if they’re post-tax/taxable, tax deferred, such as Traditional IRAs, or tax-free accounts, such as Roths), whether or not you’ll be receiving pensions, how much you spend and how much of the financial risks you’re offloading to insurance companies through the use of purchasing insurance policies.  Clearly, there is no set number for everyone and in the Northern Virginia/Metropolitan Washington, DC region, money seems to find a home quickly and easily.  How much money you’ll need in retirement is solveable through working with a qualified Certified Financial Planner.  Identifying your “number” is one of the byproducts of an effective, well thought out plan.

I have a 401(k). How do I determine the best asset allocation?
Be familiar with your sleep-at-night allocation.  It’s the level of risk that strikes the balance between allowing you to sleep at night, even when the markets turn volatile and scary, and by the same token also allows you to sleep at night to where you don’t feel as though you’re missing out on potential growth, all at the same time.  There indeed is a balance and only you know your own comfort levels.  You might wish to check your asset allocation out with a professional to make sure you’re taking on the right level of risk to position you for what you’re after … Remember that you’re not only investing to your retirement, you’re needing to invest all the way through it.  Chances are, you’ll want to take less risk and subject your account to less volatility as you get closer to your retirement, but you’ll likely always need an element of growth in there.

What should be on my financial checklist as I’m prepping for retirement?
• What accounts you have, and whether they’re taxable, tax-deferred or tax free
• How much you’re saving into each account between now and retirement
• How much your natural pace and rhythm of spending is per month or per year
• Making sure you have an emergency supply of cash
• Your readiness to invest not only to your retirement, but all the way through it
• All of your insurance policies: auto, home, umbrella, health, long-term care and life insurance policies will also need to be assessed and analyzed

Westlake Legal Group Untitled-23 Want to retire a millionaire? These 7 financial experts gave us their best retirement-planning advice seniors retirement planning Retirement money saving money Income financial professionals financial advice Finances expert advice Economy Culture Features
From left: Ryan C. Sprowls, Michael Romano and Frank Key. (Photo courtesy of Alexandria Wealth Management Group of Wells Fargo Advisors)

Ryan C. Sprowls, CFP®: Managing Director – Investments; Michael
Romano, MBA: Vice President – Investments; Frank Key, CFP®, CPWA®
Senior Vice President – Investments

Alexandria Wealth Management Group of Wells Fargo Advisors, Alexandria 

What should be on my financial checklist as I’m prepping for retirement?
Frank Key: We believe, first and most importantly, clients need a budget or retirement-needs worksheet. Also on the checklist should be a thorough inventory of all assets and liabilities along with a review of essential legal documents, such as a power of attorney, medical directive and will to ensure they are up to date.

What is an annuity and is it true you can live off that interest alone in retirement? 
Frank Key: An annuity is simply a stream of income paid to someone for the rest of their life, typically from an insurance company. When we talk about annuities as financial products, there are many types but the more popular ones are either immediate or deferred. Most people find that they cannot live simply off of interest earned in retirement and that they must plan for a gradual spend down of some of their assets as well.

What investment benchmarks are you using? How do you determine if the strategy you’re using is successful?
Michael Romano: Each account is gauged against the most appropriate asset allocation blended benchmark. However, we go one step further, using propriety software, to show if a client’s entire portfolio is on pace to accomplish whatever goals they have set for themselves. This method allows the client to see through market volatility and focus on the long term perspective.

I have a 401(k). How do I determine the best asset allocation?
Ryan Sprowls: You should start by reviewing the resources from the 401(k) plan provider. Next, complete a risk profile assessment to help you determine which risk adjusted asset allocation model is best for you. Remember to periodically review your asset allocation as your risk tolerance may change over time.

Paying for my kids’ college or saving for retirement—how do I balance these two savings goals?
Michael Romano: We think many parents feel it is their responsibility to provide an education for their children, but this may clash with their need to save for retirement. While each situation is unique, we generally recommend clients create a formal plan to save for their basic retirement needs first, and then allocate savings for college if they are able to, second. There are many loan options for higher education out there, but as the old saying goes, “you can’t borrow for retirement.”

Westlake Legal Group Untitled-21 Want to retire a millionaire? These 7 financial experts gave us their best retirement-planning advice seniors retirement planning Retirement money saving money Income financial professionals financial advice Finances expert advice Economy Culture Features
Tracey A. Baker (Photo courtesy of self)

Tracey A. Baker, CFP®: President and Co-Owner, Financial Adviser

CJM Wealth Advisers, Ltd., Fairfax

Paying for my kids’ college or saving for retirement—how do I balance these two savings goals?
This is a very common dilemma, although most of our clients focus on both goals … The truth is that you can borrow for future college expenses, not for retirement. There are also many college options for your future scholar, including community colleges, dual enrollment, AP classes, work-study and a wide variety of traditional degree programs.

How do I determine how much money I’ll actually need in retirement? In this region, is $1 million too much? Not enough?
The truth is there is not one magic number that works for everyone planning for retirement. For example, where do you plan to live? Do you plan to travel? Will you have outside sources of income besides Social Security? The only way to know if you are on track for retirement is to sit down with a CFP certificant who is qualified to run some projections based on what retirement may look like for you specifically.

What should be on my financial checklist as I’m prepping for retirement?
As you look ahead toward retirement, you should become aware of what funds are going to be available to you down the road, get your Social Security and any pension statements and become more familiar with your investment portfolio and any imbedded risk. Track your spending and get a good, realistic idea of your future cash flow needs. This is often one of the most difficult steps in planning for retirement.

This post was originally published in our September 2019 issue. For more content, subscribe to our monthly print magazine and weekly e-newsletters.

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Dave Chappelle and Big Tech Rotten Tomatoes: Everyone Is Biased About Everything

Westlake Legal Group Capture-9-620x371 Dave Chappelle and Big Tech Rotten Tomatoes: Everyone Is Biased About Everything wireless Wired Web Search washington D.C. Technology technolgy Section 230 satellite progressives Privacy Politics Policy News network neutrality Net Neutrality law Internet Government Google Front Page Stories Front Page Foreign Policy Economy China California Business & Economy bias

My last actual gig prior to venturing out and founding Less Government – was at the Media Research Center (MRC).

I described MRCs toil as: “We work to expose and catalogue Leftist media bias.”  And then always added “We’re understaffed.”

But I have always held what I know was a minority perspective at the MRC.  On the media – and perhaps all humans everywhere.

MRC’s Mission Statement:

“To create a media culture in America where truth and liberty flourish.”

The MRC at least used to want to get back to the alleged halcyon days of unbiased journalism.

Except there was never any such thing as “unbiased journalism.”  Because human nature.  Humans – are biased.

CBS News anchor Walter Cronkite – was “The Most Trusted Man in America.”  And, we know now, a pronounced Leftist liar.

Because media culture is human culture – truth and liberty will never, ever flourish.  Personal perspectives on things – always will.

The Leftist perspective – has nigh always dominated the news media.

Right now, the Leftist perspective dominates the entertainment media and Hollywood.  But ’twas not always so – at least amongst the actors.

Before there was the heinousness of Rob Reiner and the beautiful ignorance of Alyssa Milano – there was the Golden Era of Tinsel Town.  When Ronald Reagan and John Wayne, Jimmy Stewart and Bob Hope – and many, many others – were huge stars…and conservative as the day is long.

But in all of this: One word you would never, ever use to describe any of these people – is “unbiased.”

Because humans – are biased.  Because human nature.

Humans do media – so media has been, is, and always will be biased.

When robots start doing journalism – they will reflect the biases of their programmers.

Speaking of media, Hollywood, Big Tech and pronounced bias….

Rotten Tomatoes Gives Dave Chappelle Special Zero Percent Rating

Dave Chappelle – is absolutely one of the funniest people alive.  Even if he simply came on stage and Bill Burr-style extruded a profanity-laced insult-fest of the city in which he was appearing – it would get something higher than…zero.

But you see – Chappelle’s “Sticks and Stones” special – is an actually funny thing.  (I know – I’ve watched it.)

Which means it draws humor from and pokes fun at – everyone.  And everyone – includes Leftists.

Rotten Tomatoes couldn’t let that go unchecked.  So Rotten Tomatoes – rigged their Chappelle rating:

“Chappelle’s latest hour-long stand-up set for Netflix received an extremely rare 0 percent Rotten Tomatoes rating from five professional critics….”

Wait – only “five professional critics?”  Rotten Tomatoes’ business model is – per their website:

“(T)he leading online aggregator of movie and TV show reviews from critics, we provide fans with a comprehensive guide to what’s Fresh – and what’s Rotten – in theaters and at home….

“The Tomatometer score – based on the opinions of hundreds of film and television critics – is a trusted measurement of critical recommendation for millions of fans.”

“Hundreds of…critics….”  So why was the entirety of the Chappelle review – limited to five obviously Leftist, pre-selected-by-Rotten-Tomatoes reviewers?

Because Rotten Tomatoes – is biased.  Because Rotten Tomatoes – is made up of humans.  In modern Hollywood and Big Tech – that means Leftist humans.

An important part of Rotten Tomatoes and its success – is serving as a place where We the Viewing Public can also rate what the “experts” rate.

When Rotten Tomatoes finally published the ratings of We the Viewing Public….:

“Rotten Tomatoes unveiled Chappelle’s special has received an equally rare 99 percent audience score.

“The high audience rating was the cumulative score from at least 3,753 casual reviewers who praised the comedian for daring to broach controversial topics that most comic stars have avoided in the era of ‘cancel culture.’

“Such a stark contrast among critics and regular viewers is almost unheard of and illustrates the wide cultural divide among the general public and media elites.”

This is…oh, I don’t know…about the nine millionth instance of Leftist Big Tech abusing their nigh-monopoly online platforms to screw anyone not in lockstep with their hard Leftism.

Of course, anecdotes of Big Tech Leftist bias – no matter if they number in the infinities – do not add up to data.

So one particular Leftist – delivered us the data on one particularly influential Leftist Big Tech function: Web Search.  How you get answers – when you ask the Internet questions.

Rotten Tomatoes rigging entertainment ratings is…bad.  But not fundamentally transformational of our politics – and thus our nation.

Leftist Big Tech rigging Web searches…is exceedingly awful.  In a great many ways – including politically.

And in 2018, 87.3% of all Web searches in the United States – took place via uber-Left, uber-huge Google (Market Cap: $851 billion).

So when you want to search the Web – you “Google” something.  Both rhetorically – and literally.

So when Google rigs things – they’re rigging nigh everything Americans see on the Web.

We all by our onesies have documented dozens and dozens of instances of Google (and other Big Tech joints) screwing conservatives.

But again, let’s get scientific.  Meet Dr. Robert Epstein – a self-avowed man of the Left.  I would not call him a Leftist – because he’s actually honest.

He’s been studying Big Tech’s political bias – for quite a while:

“Regarding elections, Dr. Epstein has found in multiple studies that search rankings that favor a political candidate drive the votes of undecided voters toward that candidate, an effect he calls SEME (“seem”), the Search Engine Manipulation Effect….

“(B)iased search rankings exercise undue influence over voter’s opinions – influence that cannot be counteracted by individual candidates but that can easily determine who will win a close election.”

Before Dr. Epstein did an in-depth study of Google manipulating voters and potential voters in the lead-up to the 2016 election – he called his shot:

How Google Could Rig the 2016 Election – August 19, 2015

Shocker – Google did.

In fact, Dr. Epstein’s study reveals – the election doesn’t even have to be close…to be transformationally affected by Google’s Leftist bias.

“In 2016, I set up the first-ever monitoring system that allowed me to look over the shoulders of a diverse group of American voters — there were 95 people in 24 states,” (Epstein) said….

“The study looked into ‘politically oriented searches’ from a ‘diverse group of American voters,’….

“‘I looked at politically oriented searches that these people were conducting on Google, Bing and Yahoo. I was able to preserve more than 13,000 searches and 98,000 web pages, and I found very dramatic bias in Google’s search results… favoring Hillary Clinton — whom I supported strongly.”

Again: The election doesn’t have to be close – to be won by Google:

“‘That level of bias was sufficient, I calculated, to have shifted over time somewhere between 2.6 and 10.4 million votes to Hillary without anyone knowing that this had occurred….’”

We have heard INCESSANTLY since Donald Trump defeated Hillary Clinton – that she won the popular vote by about three million votes.  That popular-vote-Clinton-victory – has re-ginned-up the Left’s push to end the electoral college.

And it turns out that if 90%-of-US-Search Google hadn’t uber-rigged their results for Clinton – Trump most likely would have also won the popular vote.  Maybe by a lot.

And how did Google get so uber-huge?  So as to wield such huge, Leftist, stealth political power?

Government cronyism.

Platform, or Publisher?:

“Section 230 of the (1996) Communications Decency Act immunizes online platforms for their users’ defamatory, fraudulent, or otherwise unlawful content. Congress granted this extraordinary benefit to facilitate ‘forum[s] for a true diversity of political discourse.’

“This exemption from standard libel law is extremely valuable to the companies that enjoy its protection, such as Google, Facebook, and Twitter, but they only got it because it was assumed that they would operate as impartial, open channels of communication—not curators of acceptable opinion.”

Get that?  Google and the rest of Big Tech get this massive cronyism – so long as they do not act as “curators of acceptable opinion.”

But Google – and the rest of Big Tech – have done exactly that.  Trillions and trillions of times.

The accumulated tonnage of anecdotes – proves it.

Dr. Epstein’s in-depth study – documents it.

Big Tech is biased – because they’re human.  And human nature…trumps…all.

Thus legislation dependent upon humans not behaving like humans – is folly.

Thus Section 230 – has gots to go.

The post Dave Chappelle and Big Tech Rotten Tomatoes: Everyone Is Biased About Everything appeared first on RedState.

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Don Lemon and Guest: Obama was Great for Them, but Trump Spits in Black People’s Faces

Westlake Legal Group tree-water-nature-forest-grass-horizon-664146-pxhere.com_-620x413 Don Lemon and Guest: Obama was Great for Them, but Trump Spits in Black People’s Faces Unemployment Uncategorized racism Race keith boykin Front Page Stories Featured Story Economy donald trump Don Lemon democrats baltimore 2020

 

 

Don Lemon has a message for black voters: Sure, your unemployment rate may be at a record low, but don’t vote for Trump.

As reported by Newsbusters, on Friday, Don and his CNN guest downplayed August’s headline-grabbing 5.5% black unemployment in favor of highlighting the President’s “racist behavior.”

Besides, the black prosperity was all ‘causa Obama.

Panelist Keith Boykin BOOYAHed for Barack:

“It started going down though in the Obama administration. It was 16.8 percent in March of 2010. And it dropped to 7.8 percent; a 54 percent reduction under President Obama. And Trump…while this was happening, denied that it was even happening. He called the numbers ‘fake news;’ until he came into office, and suddenly all the numbers he said were fake were magically real. And so, he took credit for the momentum that…has occurred since that time.

“So we have 8.9 percent in the Obama presidency, and down by 2.5 percent in this presidency. As you said, it is good news. It is a good trend. But it didn’t start under this president, and the numbers actually declined much stronger under the former president.”

Well there ya go.

Plus, racism.

Here’s what Keith believes black people think:

“I think the message is something that does not resonate with black communities and brown communities simply because of the rhetoric that has come out of the White House.”


To what rhetoric was he referring?

Apparently, some Klannish stuff from that guy who spits in the face of non-whites:

“And so, I think I said almost two years ago to the day on this program, that if someone spits in your face and then hands you a napkin, you don’t get to say ‘Thank you.’”

Don seemed to really like that.

Go sour, Lemon:

“As you say, if someone spits in your face and hands you a napkin, how…what is that supposed to…I don’t understand that argument. Does that mean that the only part of your brain, or the only part of our being that matters is money? Rather than how someone treats you and what someone says about you?”

What has Donald Trump said about the black race?

Oh, here it is; Don posed the following question:

“How do black voters in 2020 weight these unemployment numbers against the President’s racist behavior [indecipherable]– Charlottesville, slamming Baltimore, ‘rodent infested,’ and, you know, go on and on?”

Has Baltimore become the black race? Is it racist to criticize that particular city or refer to a rodent infestation? If so, watch Democrats — including the city’s black mayor — do racist things here, here, and here.

Strange new definition, though; here’ s the old one: the judging of an individual solely by his or her race.

Regardless, the President — it sounds like — has done nothin’ good.

Keith pressed harder, in case you missed it the first time:

“Donald Trump had little to nothing to do with the drop in unemployment for African-Americans. No one can…no one who talks about this in the Republican Party can cite a single policy contributed by Donald Trump that is responsible for the drop in black unemployment. It’s all because of policies that … that started long ago. It wasn’t the tax cut or anything like that. Policies started long ago in the Obama administration when we started to see the drop. And the other thing is that Obama had the good sense not to go out and brag about it every time that there was a drop in unemployment because he knew that it’s still too high compared to the white unemployment rate.”

And that’s the news.

-ALEX

 

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“Really good”? Job growth slows, wages grow in August

Westlake Legal Group trump-shrug “Really good”? Job growth slows, wages grow in August wages The Blog jobs report Economy donald trump China ADP employment report

We can put the conspiracy theories to rest. After Donald Trump tweeted out “Really Good Jobs Numbers” yesterday, critics accused him of unfairly accessing the official jobs report from the BLS. The actual jobs report for August shows a third straight month of declining job growth, although it does have better news on wages:

Total nonfarm payroll employment rose by 130,000 in August, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment in federal government rose, largely reflecting the hiring of temporary workers for the 2020 Census. Notable job gains also occurred in health care and financial activities, while mining lost jobs.  …

In August, the unemployment rate was 3.7 percent for the third month in a row, and the number of unemployed persons was essentially unchanged at 6.0 million. (See table A-1.) …

The labor force participation rate edged up to 63.2 percent in August but has shown little change, on net, thus far this year. The employment-population ratio, at 60.9 percent, also edged up over the month and is up by 0.6 percentage point over the year. (See table A-1.)

Those aren’t “really good” numbers, and we haven’t had “really good” numbers for most of the year. Only one month has exceeded 200K jobs added, and that was six months earlier in February. This chart from the BLS shows the 2019 trend and the contrast to 2018’s more robust job creation:

Westlake Legal Group bls-2019-08 “Really good”? Job growth slows, wages grow in August wages The Blog jobs report Economy donald trump China ADP employment report

The 130K level barely keeps pace with population growth. It doesn’t help matters that the previous two months got revised downward in this report by 20,000 jobs combined. The three-month average is now at a mediocre 156,000 per month. It would be quite a bit lower without government hiring for the upcoming census, which accounts for 36,000 jobs in August.

On top of that, more people are going into part-time work due to a lack of full-time job opportunities:

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 397,000 to 4.4 million in August; this increase follows a decline of similar magnitude in July. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs.

This is why friends don’t let friends rely on the ADP employment report, which was what Trump used for his “really good” assessment of job creation. ADP’s 195K projection in the private sector missed by 100,000. The ADP survey isn’t a reliable indicator of official BLS numbers, and not even a reliable indicator of their direction. It has its uses, but the wisest course of action is always to wait for the official numbers — which we can pretty much confirm Trump never saw.

It was a miss on Wall Street too, which expected to see 150,000 jobs added. However, the report does have a bright spot on wages:

The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. An alternative measure of the jobless rate, which includes discouraged and underemployed workers, increased to 7.2% from 7% in July, due mainly to a 397,000 increase in those working part-time for economic reasons.

Wage growth remained solid, with average hourly earnings increasing by 0.4% for the month and 3.2% over the year; both numbers were one-tenth of a percentage point better than expected.

Labor force participation also increased, rising to 63.2% and tying its highest level since August 2013. The total number of Americans considered employed surged by 590,000 to a record 157.9 million, according to the household survey, which is conducted separately from the headline establishment count.

The upward pressure on wages and hours is good news, but don’t forget that both are usually lagging indicators. It also might show that employers are balking at expansion out of uncertainty, using existing employees to get more work done while seeing which way the economic winds are blowing. The sharp decline in job creation in 2019 will erode that pressure to maintain higher wages if it continues for much longer.

This is not the kind of job growth that Trump needs to see going into an election year. It’s also not bad enough to deflect him from his course on China and trade, where his trade war seems to be finally paying off in negotiations with Beijing. The faster that gets resolved the better, but Trump still has some room as long as wages keep growing and jobs don’t flip over into the red with regard to population growth. That line is getting closer, though, and the White House should be getting nervous about it.

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Why Are We Allowing Communist China to Sell Subway (Spy) Trains to American Cities?

Westlake Legal Group 13556907-sculpture-dragon-in-china-flag-620x414 Why Are We Allowing Communist China to Sell Subway (Spy) Trains to American Cities? Trains rail prc NTA National Security metro Infrastructure Front Page Stories Front Page Economy dc metro CTA crrc Communist China Cities

We Should Stop Riding the Dragon

 

It’s as if we’re willing if not eager to say to commuters nationwide:

“Your next scheduled ChiComm Spy Tubes arrive at….”

All day, every day.

God bless Donald Trump.  As a businessman for decades – he raised the issue of Communist China’s very negative influence on our national security and economy.

And then he decided to run for President.  And then he won.

Trump arrived in a DC – in the midst of a half-century, yuan-funded slumber.

Most of DCs Swamp Creatures have been either too sleepy or too well fed with Chinese take out – to have ever said anything about Communist China’s ongoing, increasing, evil influence in and on our country.

Watching the defenders of the status quo rapidly evolve to Trump’s position – if not his prescriptions – has been hilarious.

They went from “Communist China is no threat at all” – to “China is a real threat – but Trump is dealing with it in all the wrong ways” – in about a year.

Talk about rapid transit.

The ChiComm problems – are everywhere.

Trump is considering banning from the US – Chinese telecom company Huawei.

Because having a Communist Chinese company intrinsically integrated into our wired and wireless Internet and communications networks – is insanely stupid.

Huawei is in neck-deep with the Chinese Communist Party.  Because of course it is.

You can’t open a noodle stand on the corner of 主要街道 and 埃尔姆街 in any rural town in any Chinese province – without being neck-deep with the Chinese Communist Party.

There is no way any Chinese company goes international – without owing everything to the Chinese Communist Party.

Trump should follow all the way through – and completely bar Huawei.

Another example:

As if our colleges weren’t already Communist enough….

Controversy Surrounds Confucius Institutes at American Universities:

“Since 2005, the Chinese government has been funding Confucius Institutes (CI) in the United States—a multi-billion-dollar enterprise. For example, it gave $4 million to Stanford University as a onetime gift.

“What is behind the largesse? Does the China regime just want to promote Chinese culture or is there something more insidious about its intentions?”

They’re Communists – what do you think?

FINALLY, in February 2019 (thank you yet again, President Trump)….

Senate Inquiry Finds Problems with China-Funded Confucius Institute at U.S. Campuses

You think?

Here’s another thought:

Having our political and business personnel – in our major cities all across the country – traveling to and from work on ChiComm subway cars…is a REALLY bad idea.

Imagine the conversations to which the ChiComms could listen – in DCs Metro system.  Or in New York City’s Subway system (“你好, Wall Street”).

It is clinically insane to think we would allow that to happen, right?

Ladies and Gentlemen, meet CRRC:

“CRRC Corporation Limited (known as CRRC) is a Chinese publicly traded rolling stock manufacturer and is the largest rolling stock manufacturer in the world eclipsing Alstom and Siemens….

“The parent company of CRRC Corp., Ltd. is CRRC Group, a state-owned enterprise that was supervised by the State-owned Assets Supervision and Administration Commission of the State Council.”

And great news: CRRC has a manufacturing plant – right here in the US.  In Springfield, Massachusetts.

Even better news – CRRC has already been selling US cities its train cars.

Because of course.  This isn’t a fair economic fight.

This isn’t multiple competitors competing on equal footing in a free market – and the best company winning.

The Communist Chinese government – subsidizes the daylight out of their companies and products when they go international.

And they ridiculously rig their currency – lowering its value whenever they deem it necessary to screw the rest of the planet.

The ChiComms thereby artificially lower their prices.  Thereby undercutting everyone else.

And for the last half-century, we have been the biggest gaggle of the planet’s Useful Idiots.

We have time and again blithely ignored the economic and national security implications – and simply said “Wow…look how cheap this ChiComm stuff is.  Sold!”

We have time and again proved Russian Communist Vladimir Lenin correct:

“The Capitalists will sell us the rope with which we will hang them.”

The noose is tightening.

Boston Buys $567 Million in Subway Trains from Chinese Company (CRRC)

These trains are already deployed for spying and timely shutdown purposes.  Oops, I mean in use in Boston’s system.

Boston was the first local gaggle of Useful Idiots.  They are nowhere the last.

China’s CRRC Lands $1.3 Billion Chicago Rail Car Project

Oh – and even better in the Windy City….

Losing Rail Car Bidder Says CTA Rigged Contract Process:

“The losing bidder for a $1.3 billion CTA rail car contract has filed a protest with the agency, saying that the bidding process was rigged in favor of a Chinese firm that promised to bring manufacturing jobs to Chicago, at the direction of (Democrat, natch) Mayor Rahm Emanuel.”

Way to play for the home team, Rahm.

CRRC to Build Rail Cars for Los Angeles

CRRC Wins Subway Deal in Philadelphia

We can be really, REALLY stupid.

To wit: Some DC Denizens – are REALLY slow on the uptake.

US Rep. Richard Neal, Citing Springfield CRRC Jobs, Says Ban on Buying Chinese Rail Cars ‘Misguided’

Neal isn’t selling the ChiComms rope – he is GIVING it to them.

But a growing number of DCs Denizens – are awakening from their slumber.

And trying to at least make it a little more difficult for our cities – from cutting all our throats for us.

And it has led to a sighting of a DC politics Unicorn – bipartisanship.

Bipartisan Rouda Provision Blocking Federal Transit Dollars to Chinese State Sponsored Companies Passes House in National Defense Authorization Act

And there’s hope for the bill in the Senate – given New York Democrat Chuck Schumer’s concern for NYC.

U.S. Senate’s Top Democrat Calls for Probe of CTA’s Chinese Rail Car Supplier

And pockets of political resistance are arising in the nation’s hinterlands.

Fifteen state-level elected officials in New York – are with Schumer.  They wrote a letter to the heads of the New York City Transit Authority and the Metro Transit Authority saying in part:

“Over the past five years, a Chinese state-owned enterprise has won four major contracts to build metro cars for transit systems….

“(T)he prospect of a government-controlled entity doing so in such a widespread fashion is alarming – and we share the concerns raised by many of our colleagues in cities such as Washington, D.C.”

And the Bay State is contemplating an effort to put the genie back in the bottle.

Massachusetts Considers Banning Future Contracts with Chinese Rail Companies

ChiComm CRRC is starting to feel the political heat – so they are dumping money on K Street.  Just this summer….:

“Squire Patton Boggs has signed…CRRC, a Chinese railroad company that has pushed to keep Congress from passing bills that would make it harder for U.S. transit systems to buy its trains.”

Crossroads Is Working on the Chinese Railroad:

“Crossroads Strategies represents China’s CRRC North America, the unit of the world’s largest maker of railroad cars, as it seeks to fend off moves to ban it from US contracts.”

And ChiComm CRRC – continues to look to expand its footprint.  Including, inarguably, the worst place of all for US.

China to Bid on D.C. Metro Rail Deal

That should be an immediate, hard “No.”

And we should take this rare bipartisan coalition – and derail CRRC everywhere in the country.

And send them back to Communist China – as rapidly as possible.

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Westlake Legal Group 13556907-sculpture-dragon-in-china-flag-300x200 Why Are We Allowing Communist China to Sell Subway (Spy) Trains to American Cities? Trains rail prc NTA National Security metro Infrastructure Front Page Stories Front Page Economy dc metro CTA crrc Communist China Cities   Real Estate, and Personal Injury Lawyers. Contact us at: https://westlakelegal.com