The tweet below linked to the Law website states the Kirkland & Ellis LLP (i.e.: Kirkland.com law firm) Reginald “Reg” Brown will be “a leading congressional investigations lawyer said corporations are likely to be put in a difficult position as the GOP agitates for investigations.” Per the Kirkland website, citing Chambers’ Crisis and Risk Management 2022, attorney and Kirkland partner Reg Brown is “the best in the business. There is no one who comes close to his ability in Congressional investigations.” His bio says Brown has a vibrant and diverse crisis and governmental investigations practice, and regularly counsels financial institutions and other industry-leading clients facing complex and significant regulatory, enforcement and reputational matters.” The reason this matters is because left-leaning Axios, Raw Story, and others in media are expecting the Republicans (a.k.a. Grand Old Party or GOP) to begin Congressional investigations of big corporate interests as a result of the 2020 elections and the “messy break up” over ousted President Donald J. Trump and the January 6, 2021 post-election controversies. Because some manufactured home industry connected corporate interests may, or are even likely, to become involved, MHProNews is providing this report, analysis and commentary on the topic.
Kirkland’s Reginald Brown on Preparing for GOP-Led Congressional Investigations https://t.co/JeYSdlFUJ8
— The American Lawyer (@AmericanLawyer) October 26, 2022
MSN’s abbreviated version of the Raw Story’s report on Sunday, 10.23.2022 below will be followed by more MHProNews information, analysis, and commentary. The Daily Business News on MHProNews manufactured housing connected equities, REITs, and markets snapshot report will follow.
Republicans set to ramp up war with corporations after ‘messy break-up’ over Trump: report
Raw Story – Sunday By Tom Boggioni
As the report notes, Republicans have been weaning themselves off corporate donations as they have moved farther to the right and now, with the GOP preparing to take over the House from the Democrats, the possibility of CEO’s being called before GOP-led House committees is likely to come true.
As Drucker wrote, “Many of the PACs run by big business responded by doing some halting of their own, as in, they very publicly announced an end to financial contributions to any of the 147 House Republicans (and seven Senate Republicans) who had voted against certifying electors from various states. Congressional Republicans, insisting then and now they were only doing the bidding of their constituents, were taken aback. Still are taken aback. The result? Simmering hostility toward corporate America poised to rear its head if (when) a new House GOP majority assumes power in January.”
The result, he explained, will be evident when hearings commence.
“Corporate execs should start preparing to be hauled up to Capitol Hill and grilled in committee by Republican chairmen,” he wrote. “Tech firms should start looking over their shoulder at the possibility of House Republicans collaborating with the Biden administration on antitrust issues. Corporate America should think about looking elsewhere, wherever that might be, for a new political shield against Democratic and union attempts to further regulate their business practices.”
According to GOP lobbyist Sam Geduldig, “A lot of companies are going to find themselves shut out from members who are incoming committee chairs, subcommittee chairs, and leaders. This is a new class of members that has no interest in building these relationships.”
The report adds that two sides had been going through a “messy break-up” but positions hardened after Jan. 6 when Republicans realized they could thrive without corporate backing.
“Many House Republicans discovered they didn’t need corporate America’s cash to get by. Their political operations were able to raise enough, online in small amounts from grassroots donors and from other sources, to take the sting out of the loss of PAC donations, which under federal election law, are limited to $5,000 per candidate per primary, and another $5,000 per candidate per general election campaign,” Drucker wrote before suggesting, “This is sapping any motivation to repair relationships with big business and turn the contribution spigot back on for 2024.”
You can read more here. ##
Additional Information with More MHProNews Analysis and Commentary
Part of that report is arguably nonsensical, to wit, Drucker’s statement that: “Tech firms should start looking over their shoulder at the possibility of House Republicans collaborating with the Biden administration on antitrust issues.” That should beg the question: what PINO Biden-administration antitrust pressure?
That said, as has been stressed here numerous times over the years, one must separate the wheat from the chaff from every source. If Law, Axios, and Raw Story are correct in saying that Republicans are expected to press big corporate interests, perhaps starting with big tech, should they retake the House and perhaps the Senate in the looming 2022 midterms, that could be good news for manufactured housing independents. It could also prove to be good news for nonprofits such as the Manufactured Housing Association for Regulatory Reform (MHARR), which may be bad news for the Manufactured Housing Institute (MHI).
The ”shell game” that MHARR’s Mark Weiss has described in Washington, D.C. is just part of the broader picture of what the Capital Research Center (CRC) has aptly dubbed “Deception and Misdirection.” Former attorney general Phillip Klein has pointedly said that nonprofits/foundations are acting as a “shadow government” in the U.S. that partner with big tech to censor speech that helps PINO, DINO Biden and his allied Democrats.
From the political left is lifelong Democrat Robert F. Kennedy Jr and what may be a growing trend of grassroots Democrats rejecting the direction that ‘their party’s’ leadership has taken since it has been taken over by big corporate interests.
CNN Business noted on 10.27.2022 that smaller stocks “soared” in what might be “a good sign for the economy.” If any serious antitrust efforts begin to gain traction in Washington, D.C. and/or at the state level, that would indeed be good for smaller businesses.
That in turn would be better for employees too in the longer run, as research reveals that workers with more options tend to command better pay and working conditions.
Tens of millions of Americans from all backgrounds were lulled into accepting for some years big companies as appealing to them. But as ‘mom and pop’ shops closed by the thousands, in our industry and in others, and those jobs and opportunities were lost, the economic part of the sobering reality of what consolidation or monopolization means to Americans began to increase in fits and starts.
The American Dream includes home ownership, which is hampered by corporate domination of the economy. The rate of home ownership is down from where it was during the most recent peak of the Trump-era. But smaller firms were also hammered by COVID19 lockdowns and the regulatory regime that moved into place with greater vigor in blue states and more broadly under the Biden administration. This may be reflected in small business sentiments under PINO Biden which presaged the downturn that is now causes builder sentiments to drop too.
Left-leaning Newsweek, CNN, and right leaning WND – among others – have noted that Trump could become Speaker of the House should Republicans recapture that Congressional chamber. With a new USA Today poll saying that 40 percent of Hispanics and 21 percent of Blacks plan to vote for Republicans instead of for Democrats, Republicans are poised to capture of the House. Barring some bizarre election scandal, which several conservative leaning groups have been preparing for with dramatically increased election integrity and poll watching efforts for 2022 than in 2020, the momentum seems to be with the GOP.
But as in any election it all comes down to turnout. Those politicos who turn out more voters – especially beyond what skeptical pundits call the margin of possible cheating – will win.
To the point made by Raw Story and Axios, Senate control is increasingly likely to go Republican too. If so, big corporations may indeed see some of their cover against antitrust efforts slipping. See the reports linked below to learn more.
The path is not always easy, because there are still Republicans who resist the more populist – meaning electorate backed vs. corporate backed – path their party has taken in recent years. President Donald J. Trump, for whatever his failures and successes are perceived as being, has been steadily rebranding the Republican Party as a party for the working class, retirees, and middle class.
While Trump has been steadily purging the party through challenges to to so-called “Establishment” (big business friendly) or RINO Republicans during the primaries. But some in the Senate have not yet come up for re-election.
One such Republican is Senate Minority Leader Mitch McConnell (KY-R). Pundits and politicos have noted for years the on and off feud between McConnel, the 45th president, and the America First, Americans First movement.
Said Tammy Bruce in an exclusive for AMAC (Association for Mature Americans), “McConnell, Threatened by America First Candidates, Puts His Feelings Ahead of Party During Midterm Elections.” McConnell is one of those in the GOP that watchdog Peter Schweizer of the Government Accountability Institute (GAI) has identified as having the marks of corruption, along with Joe Biden. Citing the late talk radio giant, Rush Limbaugh, Communist “China Funds Mitch McConnell, [Joe] Biden, and Schweizer’s Bombshells Have Never Been Wrong.”
Antitrust – Takeaways and Lessons Learned?
What this column has laid out are elements for a case that could potentially bring millions of self-described progressives and liberals into an Americans First camp that includes independents, moderates, and conservatives of all faiths and ethnic backgrounds.
For generations, Americans have been battling the forces of “big” and their influence or control over significant aspects of the U.S. economy and political system. Antitrust was an issue in the later part of the 19th century. Populists joined forces to enact the Sherman Antitrust [anti-monopolization] Act. While there were obvious examples before that time, certainly since the Sherman Antitrust Act era, the struggle of “We the People” vs. big corporate interests that often-used politicians in their debt, tax-exempt nonprofits and foundations have been waged. While the party labels may shift, because the corporate and billionaire dollars can shift, those deep pockets have long attempted to bring the American political and economic system increasingly under their control.
The smaller business prospects and hope for a revival of the American Dream of home ownership should benefit with current corporate-backed regime that is in power in Washington, D.C.
Thank God, there is hope that the dystopian era of Vichy U.S.A. may be inching closer to a close. Vichy France was ruled by the NAZI-fascist collaborators. Is the rule of the American Vichy mimickers about over. Not yet, but that time may be approaching. Their ilk in America must also be ousted. Freedom is never free.
need to wait years for legislation that in the past has often led to little or no discernable benefit. https://www.wnd.com/2021/05/solution-big-tech-oligarchs/
Daily Business News on MHProNews Markets Segment
NOTICE: Based on feedback, a modification of our Daily Business News on MHProNews recap of yesterday evening’s market report is provided. It will still include our left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.
Reminder: several of the graphics on MHProNews can be opened into a larger size. Click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the escape or back key to return.
Headlines from left-of-center CNN Business – from the evening of 10.28.2022
- Huge gains
- A pedestrian walks past the New York Stock Exchange in New York City, Thursday, Oct. 27, 2022.
-
Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. Dow surges 800 points on the back of record oil profits
- Trump won’t return to Twitter right away: Musk enlists panel to review suspended accounts
- Twitter confirms completion of Elon Musk’s $44 billion acquisition deal
- Elon Musk now owns Twitter. Here’s what he could change
- Inflation data shows US prices were still uncomfortably high last month
- The Fed is killing the housing market
- The next job listing you apply for might actually include the salary
- Employers kept hiking workers’ wages last quarter, but they did not keep up with inflation
- Anxious Twitter users find few alternatives to platform after Musk deal closes
- What took Adidas, Gap and other businesses so long to dump Kanye West?
- America and Saudi Arabia are locked in a bitter battle over oil. The stakes are massive
- Brits are stocking up on air fryers and electric blankets as energy bills skyrocket
- Hear what Janet Yellen thinks of the US economy right now
- Elon Musk will have to pay three fired Twitter executives nearly $200 million
- The electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
- A McDonald’s McPlant Beyond Meat burger is displayed with french fries at a McDonald’s restaurant on February 14, 2022 in San Rafael, California.
- McDonald’s hits all time high
- Peiter Zatko, known as Mudge in the computer hacking community, poses for a portrait in Washington, D.C., in August.
- How a 51-year-old celebrity hacker upended the influential social network
- Musk doesn’t want site to become ‘free-for-all hellscape’
- How Elon Musk could change Twitter
- How things went so badly for the new CEO so quickly
- See moment Musk entered headquarters with a sink
- KANYE WEST BACKLASH
- A detailed view of the new Yeezy Adidas shoe worn by Head Coach Manny Diaz of the Miami Hurricanes during the game against the Florida Gators in the Camping World Kickoff at Camping World Stadium on August 24, 2019 in Orlando, Florida.
- Three likely outcomes for Yeezy merchandise: destroy, rebrand, export
-
“In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. or example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. Peloton will not use Kanye West’s music in new classes
- Skechers executives escort Ye out of building
- Kanye West no longer a billionaire, says Forbes
- Corporate America is canceling Kanye West
Headlines from right-of-center Newsmax 10.28.2022
- Suspect in Paul Pelosi Assault Posted Conspiracy Theories on Facebook
- An officer puts up police tape on the Pelosis’ block in San Francisco. And, at right, a closeup of a window at the scene of the attack, the Pelosi home. (AP)
- David DePape, the man who police say broke into House Speaker Nancy Pelosi’s home and assaulted her husband, posted memes and conspiracy theories on Facebook about COVID-19 vaccines, the 2020 presidential election and the Jan. 6, 2021, attack on the U.S. Capitol, [Full Story]
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- Video Report: Paul Pelosi Assaulted at His Home, Expected to Be OK
- Biden Calls Pelosi to Express Support
- The 2022 Elections
- Obama Directs His Dem Star Power to Key Ga. Senate Race
- DeSantis Coming to N.Y. Saturday to Campaign with Zeldin
- Over 100 Election Lawsuits Filed During Midterm Cycle
- Dem Hernandez: Revoke ‘Latrina Card’ of GOP’s Nunez
-
In instances such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. Early Voting Drops Among Young Americans
- Biden, Harris to Make Joint Campaign Stop in Philadelphia
- Election Workers: Not Enough Security as Midterms Approach
- GOP Upset Looms in Mich. Gov Race platinum
- Turnout Will Decide 2022 Midterm Outcomes
- CatholicVote Spends $2M in Campaign Ads
- McLaughlin: Ducked Debates? Blame Dem ‘Candidate Quality’ | video
- Newsmax TV
- Birx: Knowing COVID Origins Helps Protect Americans | video
- Fred Fleitz: US, Saudi Relationship Downhill Since Biden’s Campaign | video
- Blaine Holt: US ‘Vacuum of Leadership’ Proves Putin Warnings | video
- RNC’s McDaniel: Change the Speaker, Not the Subject | video
- Oz: Just Wants Fetterman to ‘Answer Questions’ | video
- Arizona Candidate Finchem: Hobbs Hiding From Voters | video
- Economist Antoni: Economy Outlook Grim Despite GDP Growth | video
- Newsfront
- AG Agrees Not to Enforce Abortion Ban Till ’23
- Arizona Attorney General Mark Brnovich has agreed not to enforce a near total ban on abortions until at least 2023 after his office reached an agreement with Planned Parenthood in response to an appeals court ruling earlier this month…. [Full Story]
- Alleged Paul Pelosi Attacker Posted Conspiracy Theories
- David DePape, the man who police say broke into House Speaker Nancy [Full Story]
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- On the eve of the 118th World Series between the Philadelphia [Full Story] | Platinum Article
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- Why Is This New Cannabis Discovery So Popular With Seniors In Florida?
- Healthline News
- Where Musk Takes Twitter From Here
- Elon Musk has taken control of Twitter after a protracted legal [Full Story]
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- Trump: Happy Twitter Is in ‘Sane Hands’
- Top Twitter Execs to Leave With $100M Payout
- Video Report: Bolduc Denied Chance to Debate Hassan
- Don Bolduc faces off against Sen. Maggie Hassan, D-N.H., who has [Full Story] | video
- Doctor Discovers Natural Solution for Macular Degeneration (Watch)
- Vitahealth
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- A measure of inflation that is closely monitored by the Federal [Full Story]
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- Mehmet Oz, the Republican running for the Senate seat from [Full Story]
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- Parent Sues Palm Beach Schools for Displaying Gay Pride Flags
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- US Economy Grows in Q3, Despite Inflation, Recession Fears
- After a pair of quarters of negative growth – the definition of a [Full Story] | video
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- Senate Majority Leader Chuck Schumer, D-N.Y., might have been sending [Full Story]
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- Economist Antoni to Newsmax: Economy Outlook Grim Despite GDP Growth
- Economist E.J. Antoni says he doesn’t see any positive indicators [Full Story] | video
- Election Workers: Not Enough Security as Midterms Approach
- Though funding has been increased to make election workers and voters [Full Story]
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- Doctor Discovers Natural Solution for Macular Degeneration (Watch)
- Vitahealth
- More Newsfront
- Finance
- Economist Antoni to Newsmax: Economy Outlook Grim Despite GDP Growth
- Economist E.J. Antoni says he doesn’t see any positive indicators looking forward despite third quarter growth in gross domestic product, the broadest gauge of economic output. “Unfortunately, despite the positive number today I don’t see any positive indicators in terms of… [Full Story] | video
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===================================
- NOTE 1: The 3rd chart above includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
- Note 4: some recent or related reports to the equities named above follow.
2022 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Disclosure. MHProNews holds no positions in the stocks in this report.
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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.
