05/31/19

Mexican Tariffs

We woke up today to find out that Free Range, Free Trading, Fair Trading President Trump had imposed a 5% tariff on Mexican goods imported into the United States that will grow to 25%. We imported almost $400,000,000,000 of Mexican goods into the US in 2018.

Do the math — 5% equals $20,000,000,000 while 25% equals $100,000,000,000 in tariff revenue.

I have one thing to say — “What took you so damn long?”

Related image

I will spare you the factual basis for why the US should punish Mexico other than to say that Mexico is the launching pad for illegal immigration into the United States.

Continue reading

05/15/19

Tariffs — Some Straight Talk

If you read the current drivel on the imposition of tariffs on the Chinese — notorious thieves of intellectual property, currency manipulators, erectors of hurdles to access to their market, a despotic Communist regime — you would think the entire economy is about to explode. Let me give you some facts.

Here’s President Trump putting the squeeze on President-for-Life Xi. Ouch!

Image result for images trump xi

Tariffs are taxes, right, Big Red Car?

Yes, dear reader, a tariff is a tax. The USA depended primarily on tariffs from its formation until the first income tax.

The first income tax imposed in the US was enacted in 1861 — 3% on all incomes over $800. It was rescinded in 1872.

In 1874, the US Congress enacted a flat rate Federal income tax that was promptly found to be unconstitutional by the Supreme Court.

The Sixteenth Amendment to the US Constitution, passed in July 1909, papered over this defect, but it wasn’t ratified until February 1913.

A Federal income tax was enacted immediately after ratification and has been enshrined in the funding of the Federal government since then.

Big takeaway — we didn’t really have an income tax until 1913.

So, we lived on tariffs.

Continue reading

04/27/19

Joseph Robinette Biden For President 2020 — Exclusive Interview

Today, the Big Red Car sits down with former Vice President Joe Biden to discuss his campaign to obtain the Democrat nomination for President and, ultimately, his thoughts on the general election.

“Welcome, Vice President Biden.”

Image result for images joe biden

“Thanks, Big Red, wow are you looking good. By the way, where have we met before?”

“I don’t think we have, but I was born in 1966 and there are a lot of impostors out there. You would have been 24 back in 1966.”

“Well, you sure do look familiar. So where do we start, Big Red?”

Continue reading

04/4/19

Lunch: President Trump and Alexandria Ocasio-Cortez = AOC

President Trump invited thought leader and Congresswoman Alexandria Ocasio-Cortez to lunch at the White House so they might get to know each other. The Big Red Car was allowed to sit in and listen to their conversation.

AOC arrived at the porto cochere in a black SUV that gets seven miles per gallon in city traffic. As she stepped down, she mounted the stairs and waved to the crowd on the other side of the drive. It was actually three members of the White House grounds crew who had been blowing leaves off the driveway. They waved back at her.

“Amigo, it’s AOC. Wave, man.”

President Donald J Trump met her at the door — he was a little late — and welcomed her to the White House.

“Have you ever been to the White House?” he asked, holding her hand.

“No, but I will live here one day.” She broke into laughter, riotous laughter.

Image result for aoc laughing image

DJT chuckled and waved a finger at her. [She’s 29 and you have to be 35 to be President.]

Continue reading

04/3/19

China — New Foreign Investment Law

China goes through a charade every year in which they convene a National Congress in the Great Hall of the People. This fiction pretends to consider “laws” and enacts them. This is an impressive building, no?

It is worth noting they have no desks, no? How can you work without a desk? [Asking for a friend.]

China’s new foreign investment law was approved during the National People’s Congress. Photo: Xinhua

This year, they enacted a new Foreign Investment Law to take the place of three prior laws:

 1. The Law on Sino-Foreign Equity Joint Ventures;

 2. the Law on Sino-Foreign Contractual Joint Ventures; and,

 3. the Law on Foreign-Capital Enterprises.

These “laws” were passed in the 1979-1990 time period, so they were overdue for an update. They, of course, had no impact on reality.

The new Law on Foreign Investment responds to the concern articulated by companies doing business in China regarding Chinese theft of intellectual property, amongst other issues. In a left handed way, it acknowledges the mischief and tomfoolery thereby contradicting the central government which says, “What? China is stealing intellectual property? No way.”

Continue reading

02/19/19

Twenty-fifth Amendment to the US Constitution

A gray, rainy day in the ATX — a good day to trim trees?

So, lately we’re been hearing a lot of talk about the Twenty-fifth Amendment to the US Constitution. Let’s do some research, shall we?

Here’s a picture of the Founding Fathers in Philadelphia hammering out the Constitution. The US Constitution was drafted over a period of 116 days from 25 May 1787 to 17 September 1787.

The American Revolution ended on 3 September 1783. It took a long time to finalize the Constitution and it had a provision to amend it.

Image result for images us constitution

First, contrary to the talking heads, the 25th Amendment was not the work of the Founding Fathers. I listened to an idiot on Fox News for half an hour talking about what the Founding Fathers intended.

The 25th Amendment was submitted to the states on 6 July 1965. It was ratified on 10 February 1967.

Continue reading

02/6/19

Venezuela — A Huge Concern

Big Red Car here enjoying the warm, gray days in the ATX. OK, had the air conditioning on yesterday afternoon! Hello, America.

So, the USA has been distracted by all the distractions and has not been paying attention to Venezuela and Russia.

You know that Russia has been meddling in our hemisphere for some time: Cuba, Nicaragua, and Venezuela. These countries have welcomed Russian assistance because they are economic basket cases.

[Hey, what happened to the Monroe Doctrine? <<<link]

Image result for images putin maduro

“Wow, Vlad, you’re a little shit, aren’t you?”

Stop — Venezuela used to be the wealthiest country in South America with the largest known oil reserves in the world. They have 300,000,000,000 recoverable barrels of oil lurking below the surface. Still, somehow, they have managed to find a way to turn into a shithole [talking to you, socialism].

Cuba was once the wealthiest Caribbean island, but Fidel Castro and communism killed that baby.

Continue reading