GUALFIN, ARGENTINA – Poor DJT.

It doesn’t seem to matter what he says; the press is all over him.

A presidential tweet: “Our country needs a good ‘shutdown.’”

The commentators couldn’t believe it. It was “unthinkable,” they said, for a sitting president to suggest closing up shop of his own government!

But once again, we’re with the POTUS.

“The Donald” is right: A shutdown is what the country needs.

No Money for the Swamp

Shut down the whole shebang.

No money for the swamp. No money for the cronies. No money for the zombies. No enforcement of employment rules… minimum wages… SEC regulations…

Send the snoops at the NSA and the CIA home. Stop collecting taxes. Stop telling everyone what to do!

Stop the win-lose deals.

Wow… we’re getting giddy just thinking about it.

Readers will reply that Mr. Trump is being irresponsible and that a shutdown would be “disastrous.”

Think of all the museums and parks that would be closed. Think of NPR off the air. Think of the bombing that would have to stop. Think of all the boondoggles, insider deals, and sweetheart contracts that would be put on pause.

The Labor Department… suddenly out of a job! The Department of Education… sent home from school. The Agriculture Department… yanked up by the roots. The Energy Department… out of gas.

Yes… sounds good to us!

Still in Business

Seriously, most of what the government does is “non-essential.”

Even in a shutdown, the feds would still be in business – taking our money… spying on us… asking rude questions at airports… and droning foreigners.

If the president really wanted to shake things up, he should shut down these “essential” services, too.

Take the Department of Homeland Security.

Please. Essential?

Twenty years ago, it didn’t exist. Now, it employs 240,000 people.

If Mr. Trump really wanted to make America great again, he’d get rid of it. We were safer before it was created.

And send the soldiers back to their barracks, too. Twenty years ago, the War on Terror didn’t exist, either. Now, we’re $7 trillion poorer… but apparently not a bit wiser.

Mr. Trump promised a new kind of foreign policy; a shutdown would be a good first start.

Shut down O’care while you’re at it.

That didn’t exist 20 years ago, either. We don’t remember; were people dropping dead in the streets then?

How about that for radical reform? Let people pay for their own pills.

Perfect President?

But wait…

The president says he wants a shutdown… in September.

Why wait ‘til September?

Hey, if not us, who? If not now, when?

Dear reader, we don’t like to disappoint you. But while we’re with the POTUS, the POTUS himself is not. There will be no serious shutdown of the federal government. Not now. Not in September.

There will be no shutdown for the same reason there will be no serious spending cutbacks. Nor cutbacks in foreign meddling. Nor in domestic spending.

As expected, Donald J. Trump has fallen in line with the same program – more or less – of every other president in the 21st century.

He will push his pet projects. He will punish his enemies. But he will not challenge the real power behind the U.S. federal government.

In the last few weeks, we have learned that Mr. Trump thinks NATO is not so bad after all… that China is probably not really a “currency manipulator” (whatever that is)… that the “big, beautiful wall” can wait… that he can work with the Iran treaty… and that O’care doesn’t have to be swept away, but instead just needs a little tidying up…

Could the Deep State have found a more perfect president?

The problem with Hillary was that she was obviously in the insiders’ pocket. But “The Donald”? His fans think he’s on their side!

And there is no claptrap program or self-serving policy so lame and so counterproductive that it doesn’t eventually get a nod of approval… and more money… from the White House.

Takers, Not Makers

In other words, it really didn’t matter, did it?

The election, that is.

Over the weekend came more proof. The feds passed a trillion-dollar spending bill to keep the boondoggles and scams in business until September.

Left, right, and center – all came together to make sure nothing much changed.

All the familiar agencies and programs will continue to receive money – even Planned Parenthood.

All the swamp critters will continue to be fed, especially the two biggest ones: Wall Street and the Pentagon (which will get even more money).

Would Hillary have done anything different? The New York Times:

“This agreement is a good agreement for the American people, and takes the threat of a government shutdown off the table,” Senator Chuck Schumer of New York, the minority leader, said in a statement.

“The bill ensures taxpayer dollars aren’t used to fund an ineffective border wall, excludes poison pill riders, and increases investments in programs that the middle-class relies on, like medical research, education, and infrastructure.”

Here at the Diary, we are strictly non-partisan. We despise both parties in roughly equal measure.

Both are takers, not makers. Both promise to feed the poor, but neither has ever grown so much as an ear of corn.

Both promise better health care, but neither has even changed a hospital bed.

Both promise more jobs… but neither has ever begun a profit-making business or made a payroll.

They can only give you something by taking it away from its rightful owners.

We had a hunch that it didn’t matter which of them won the election last November.

Apparently, that hunch was right.

Regards,

Signature

Bill

 

Economic Insight: Seven Million Men Have Left the Workforce


BY CHRIS LOWE, EDITOR AT LARGE, Bonner & partners


Chris Lowe

Today’s chart reveals a shocking collapse of work for men in America.

It shows the labor force participation rate of working-age American men (between 25 and 54 years old) going back to 1965.

The lower the rate, the more people there are who have exited the labor force altogether – folks with no jobs who are no longer even looking for work.

 

As you can see, it’s been a remarkably steady decline over the last roughly half-century.

As of last year, about 12% of prime working-age men had left the workforce.

That’s an army of about 7 million American men who have completely dropped out of the system.

Chris Lowe

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Mailbag

Today, readers respond to Bill’s characterization in Monday’s Diary of tech darling Amazon.com as the “River of no Returns.”

I’m pretty sure most people choose investments the way they choose political candidates: familiarity and superficial analysis. A name brand (even if the brand has a horrible track record). It’s just too bad that Sears didn’t realize they could be the first Amazon, back when people were still afraid to share their credit card info with a stranger on the internet.

Their stock would have soared with the relief of investors and customers happy to have a known entity with a history of mail-order delivery going back decades. But that’s the problem with established companies and their leadership: too complacent. But who has time for deep analysis? I guess this is why the financial newsletter business provides a service we all can use.

– S. Kallander

Here’s a dot for you to connect. Some few weeks ago [Amazon CEO] Jeff Bezos, of the river of no return fame, announced that he will be paying for his space adventure by selling a billion dollars a year of Amazon stock. Obviously, to him the stock price is paramount.

– M. Hehnen

The dependence on hi-tech electronics is America’s real weakness. One North Korean EMP [electromagnetic pulse], launched from a freighter in the Caribbean would cause little or no damage on the ground below. But all of our vaunted electronics would be kaput, along with everything they controlled — which is nearly everything these days.

– C. Burton

In Case You Missed It…

Our friends at the Palm Beach Research Group just released a surprising find.

The best opportunities of 2017 aren’t in the stock markets. They are being found in this little-known asset.

Early investors are already seeing tenfold returns, and our colleagues believe this is just the beginning.

See for yourself right here.