Host Neal Asbury opened his nationally syndicated “Neal Asbury’s Made in America” show on Radio America (now on 70 stations) by thinking out loud whether Donald Trump would be the job creator he claims he can be. “Couldn’t be worse than what we have now,” proposed Neal. Dr. Roffman took exception to the comparison.
The first guest on Made in America was Russ Eisenberg from the National Association of Manufacturers, who contended that the new proposed ozone regulations are 10 times more onerous that any regulation ever proposed by the government. They are so out of bounds that our national parks wouldn’t be in compliance.
“We would have to put license plates on the bison,” quipped co-host Dr. Rich Roffman.
“The National Association of Manufacturers has launched a new ad campaign to let people know how the new regulations will impact the nation’s manufacturers. We would lose 1.4 million jobs and it would cost the average family $830 in new energy and product prices. The new regulations are so unrealistic that 2/3 of the technologies needed to comply aren’t even available,” maintained Eisenberg.
Eisenberg estimated that it will cost at least one trillion dollars to meet the new regulations, and that it will affect every state in the union. Most states are against the regulations, but this doesn’t seem to phase this administration.
Dr. Roffman suggested that the EPA is so out of control that they are contemplating a regulation that all dishwasher manufacturers must develop models that use only 3.1 gallons of water for every complete dishwasher cycle. It would take years for manufacturers to meet this regulation and it will cost every consumer more money for a dishwasher. This also doesn’t take into account that the dishwasher probably won’t be able to clean the dishes so the dishwasher will have to recycle, using even more water.
The discussion turned to the disquieting news that Puerto Rico is following in the footsteps of Greece, by facing bankruptcy because pensions and entitlements are sinking their economy.
“It’s a real tragedy. Puerto Rico’s pension system is only 7 percent funded and could run out of money by 2018. And the commonwealth’s near junk-status credit rating reflects its unsustainable pension costs, as does the massive penalty rate it pays to borrow money. This is resulting in an exodus of Puerto Ricans who are coming to Florida, which could turn Florida from a “red state” to a purple, or even a ‘blue state,’” noted Neal.
Neal added that Illinois could be the next domino to fall since their pension plans are sinking that state’s economy. The worst part is that the bailout money will come from states that are doing everything right, but their money will be used to bail out Illinois. It’s like the Germans, who are doing everything right, will have to bail out Greece.
“How can Puerto Rico go broke? It’s unfathomable. But like Greece, it doesn’t look like they are prepared to do anything about it. Meanwhile, there are more people on welfare in the U.S. than at any time in history,” reminded Dr. Roffman.
Returning as a Made in America guest was Stephen Moore, chief economist for the Heritage Foundation, who recently destroyed Paul Krugman in a debate during the Freedom Fest event.
“Krugman is the most influential economist advising the Left, but was so nervous about his remarks; he didn’t want the debate televised. And for a good reason. He was on the defensive about his economic policies during the entire debate. His stimulus program didn’t work, and actually suggested that the $7 trillion debt load incurred by the U.S. wasn’t enough and we should have borrowed more,” revealed Moore.
According to Moore, Krugman never runs out of the will to use other people’s money. Krugman has to take the blame for an economic recovery that has grown at about two percent. Yet, he attacked the Reagan plan, which actually grew the economy by 7-8 percent.
“Shouldn’t the U.S. be able to grow our economy by more than two percent? Obama’s economic plan is not working and he needs to be blamed for our current lack of growth.” noted Moore, who added that it wasn’t really that hard to “bring down Krugman.”
The final guest on Made in America was James Hirsen, New York Times bestselling author, who finds it ironic that China, one of the most repressive governments in the world, is investing in Hollywood – the symbol of progressive messaging.
“Even as China cracks down on all forms of entertainment in their country, they have become the fastest growing film market in the world. Hollywood is lining up to get Chinese money, even though the ownership of most projects is owned by Chinese corporations, not U.S. companies,” according to Hirsen, who added that the recent Hollywood film “Southpaw,” was financed by China’s Wanda Group.
“It’s hard to understand why Hollywood, whose values are abhorred by China, is willing to work with a country that despises everything they do, even shutting down Facebook in China to ensure that Chinese consumers have no access to the outside world,” proposed Neal.
On his ongoing report on cronyism, Dr. Roffman found it the height of hypocrisy that after giving a speech on carbon emissions, Hillary Clinton hopped onto a private jet that uses 347 gallons of jet fuel an hour.
“And let’s not forget the Clinton’s ability to get paid ridiculous fees for speaking engagements. Even daughter Chelsea got paid $65,000 for a 20-minute speech. It’s an astounding piece of hypocrisy,” concluded Dr. Roffman.
Each week Neal Asbury’ Made in America provides Neal’s insights into the week’s top news stories and their impact on the worlds of entrepreneurship, small business ownership and the overall economy. Neal’s analysis, together with co-host Dr. Richard Roffman, a veteran 30-year publisher with extensive domestic and international experience, takes a non-biased approach based on real life experience in business as an American manufacturer and exporter. Made in America airs nationally each Saturday from 7-8:00 PM on Radio America. Link to Made in America at http://www.nealasburysmadeinamerica.com.
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