Archive for 10, February 2017

$1 Trillion Infrastructure Con Job

Posted in Exposing Corruption on 10, February 2017 by nathanbusch

The labor union bosses are all giddy and cuddling up to “The Donald” over his promise to start a $1 Trillion Infrastructure Project.  Of course, the labor unions actually believe that “The Donald” will convince Congress to give him $1 Trillion for his latest con job.  Yes, you 61 MM uneducated, white, male voters and yes, you union bosses, you have been conned by “The Donald”.

Remember his oft repeated campaign promise to eliminate the Affordable Care Act during his first day in office?  He has now equivocated that the law will take years to “repair”.  Yes, you were conned.  Now, you actually believe that he has, or had, any intention of pushing Congress for a $1 Trillion Infrastructure Program?  You actually believe that one single red cent of any money that he manages to squeeze out of Congress will ever reach the pockets of your union members.

Yup! You got it!  That money will go straight into the Swiss Bank Accounts of the billionaires who have kissed up to “The Donald” since the election.

Even if “The Donald” squeezes any money for infrastructure out of Congress, you will pay through the nose to use any infrastructure that manages to actually get built.  Oh, by the way, that infrastructure will not belong to the public.  Pull your heads out of your collective ass.  The plan of “The Donald” to rip off the public is as follows.  Consider a $3 Billion infrastructure project: local government must issue $800 MM in bonds, the principle and interest of which will be paid by the tax payers; federal loans and tax credits, both of which will be paid for by tax payers, for private investors will make up another $2.11 Billion; the private investors will put up $90 MM.  Trick is, the private investors will out-right own a $3 Billion infrastructure project, which used to belong to the public and which will paid for by tax payers, and they get to charge the public, who actually paid for the infrastructure project, anything they want to use it for as long as the infrastructure exists.  Ok, say the investors require that the project yield 15% per year after costs and taxes.  That means that they will collect a “toll” in the amount of roughly 22.3% per year.  Doing some simple arithmetic, we find that the investors will charge the public a “toll” of approximately $671.64 MM per year to use the infrastructure that the public is already paying for.  Their 15% cut amounts to $450,000,000 per year.  What?!?!  The investors put up only $90,000,000 of their own money and net $450,000,000 per year on a project that the tax payers are paying for.

Yup! You got “Donalded”

I hope that this helps.

Nathan A. Busch

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Lies and the Great Con Job of “The Donald”

Posted in Exposing Corruption with tags , , , on 10, February 2017 by nathanbusch

During the confirmation hearing, in the end of January 2017, for the position of Secretary of Health and Human Services, then Representative Tom Price was asked whether he and “The Donald” were working on a secret plan to replace the Affordable Care Act.  Mr. Price displayed a broad smile and responded that: “It’s true that he said that, yes.”  Of course, all in attendance immediately knew that he was: (1) not taking responsibility for yet another absurd comment coming from the President; (2) that no “secret plan,” not unlike the “secret plan” to eliminate ISIS that President Bannon touted during the campaign, existed; and, (3) he was signaling that the administration had no plan to either repeal or replace the Affordable Care Act.

Of course, “The Donald” did repeatedly state on the campaign trail that he would eliminate the Affordable Care Act as one of his first actions in office.  Now, in an interview with Bill O’Reilly of Fox News that was broadcast before the Super Bowl, “The Donald” has, effectively, stated that any hope of quickly dispatching the Affordable Care Act has vanished.  Of course, anyone who has followed “The Donald” since his early days in New York City knew that his repealing the Affordable Care Act was just another “Trump-Sized” con job, just like his campaign promises to cut taxes, spend $1 Trillion Dollars on infrastructure, build a big wall along the Mexican-Unted States border, & etc.

Now, “The Donald” now takes the position that:

Yes, I would like to say by the end of the year, at least the rudiments [of a replacement program], but we should have something within the year and the following year.

Now, even Dan Holler, who is a spokesman for the Heritage Action for America, has flat out stated that:

The political uncertainty surrounding repeal is growing. * * * If the House has not passed a repeal bill and sent it to the Senate by mid-March, that would be serious cause for concern.

That uncertainty has changed the way that Republicans in Congress now describe efforts to “eliminate” the Affordable Care Act: they now speak about “repairing” the law, rather than making any efforts of repealing and replacing that law.  “The Donald” has now admitted that: his “get-it-done” bluster about immediately eliminating the Affordable Care Act has, instead, actually become a long, drawn-out affair that could take years.  So, 61 MM uneducated, male, white voters, how are you taking having been conned by “The Donald”?

It should not go un-noticed that the Republicans held both Houses of Congress since the beginning of 2011 and passed innumerable resolutions and attempted to pass a plethora of laws either gutting the Affordable Care Act or completely repealing the law.  All failed.  However, it should also not go un-noticed that the Republicans have not produced even a title page of a replacement act even though they have now had more than six years to do so.

“The Donald” has spent his adult years conning others in business.  His pattern is to introduce his latest and greatest new vision for a “Trump Tower” or “Trump Golf Course”, & etc., as “huge”, “will create thousands of new jobs”, will bring in millions of dollars of new revenue to the local economy, and will be the best thing since sliced bread an pockets in britches.  Then, once he has taken his lion share of the money originally invested by the local, regional, and national governments and private investors, he then starts to back peddle on the project as promised.  If you have not already picked upon his standard con job strategy, go ask the suckers in Aberdeenshire, Scotland.

Also, let us not forget the armies of contractors and Joe-Six Pack workers that “The Donald” has stiffed whilst making off with billions.

I hope that this helps.

Nathan A. Busch