President Donald Trump likes to tout the fact that business and consumer confidence surged after his election.
But the CEOs of several large companies have the same grievance: They
aren’t seeing consumers spending much more, and can’t yet proceed with
That’s according to transcripts of several second-quarter earnings calls parsed by Goldman Sachs.
“Most executives note that they haven’t seen an appreciable increase
in customer activity despite improving sentiment,” said David Kostin,
Goldman’s chief US equity strategist, in the firm’s quarterly Beige Book
of CEO commentary.
For business owners, Trump was supposed to be the deregulatory
president. The National Federation of Independent Businesses reported
that the surge in its members’ optimism was comparable to 1983, when the
economy was emerging from a recession under President Ronald Reagan.
But business leaders are also frustrated with the slow pace of
progress in Washington. Trump’s domestic agenda primarily for healthcare
and tax reform has stalled amid divisions within the Republican party
and the Russia investigation.
Here are some remarks from earnings calls (emphasis added):
“I don’t buy the argument that we’ll [be] relegated to this
forever. We’re not. If this administration can make breakthroughs in
taxes and infrastructure, regulatory reform, we have become one of the
most bureaucratic, confusing, litigious societies on the planet. It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid s— we have to deal with in this country.”
Hilton Worldwide Holdings
“Looking forward, expectations for macro indicators such as
GDP growth and non-residential fixed investment growth suggest continued
improvement. But so far, we have not seen that translate into increased demand.”
“Although interest rates are higher than they were a year ago, we have not experienced the rise in rates that many predicted after the U.S. presidential election. While I still believe that monetary policy is keeping rates artificially low, I also believe that elected officials need to do more on the fiscal policy front, especially through tax reform, to spur faster economic growth.”
“Turning to the macro front, political and policy uncertainty continues to weigh on healthcare, taxation, regulation and trade. Washington has been wildly unpredictable,
although last night or I should say this morning’s early morning vote
should restore some stability to the healthcare environment as the
majority leader of the Senate concluded that it is quote, time to move
on, close quote, from the efforts to repeal some or all of the
Affordable Care Act.”
“And all of these four [healthcare, tax, trade, and
infrastructure reform] were the ones supposed to indeed unleash more
growth for the business, so the business could invest and drive more
“And I think depending on the industry that you’re in, you’re seeing different challenges … All these without clarity on regulation and where the government’s moving cause people just to not invest more than they know that they can get an immediate return on. There’s
nobody who can look out two or three years at this point and say with
certainty that they’re going to know what tax policy is, what healthcare
costs are going to be.”
L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)
A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .
They attempted this because they believed that would trigger their ticket out of prison.
According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.
The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.
He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.
When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.
But it turns out, their little ploy worked but, only halfway.
Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.
“What they won’t catch is a break” said the Sheriff.
Watch the Video HERE
COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)
A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.
The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.
Below are the Screenshots of the Facebook post:
This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.
what do you think of this? Drop your comments below.
“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.
Reno Omokri ‘s tweet reads:
His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
, who is London, wants us to patronise made in Nigeria!