There is often a chasm between cheap talk and real action.
Politics and the implementation – or lack thereof – of good laws are essential for a smoothly functioning marketplace in our industry or any other.
For those who follow the money trail and follow the action carefully, the 2020 race is shaping up as a tale of two streets. One is Wall Street and another is Martin Luther King Jr. Blvd.
There are some who simply won’t be persuaded by facts, reason, or evidence. They often include those who have been taught by often-repeated falsehoods or spin to blindly hate without carefully examining the facts.
Part two of our evening business report on MHProNews will focus on CNN Business’ surprising-to-some donor major data. It will reflect a serious edge that Wall Street donations are flowing to the Biden-Harris Democratic campaign over the Trump-Pence Republican team.
But this initial segment of our business-nightly report is on President Trump’s latest move to appeal to black American voters.
Since early in his campaign, despite Democratic and their media allies’ cries that Trump is a “racist,” candidate turned President Trump appealed directly to minority voters. Some say that the 2016 victory was due in some measure to that minority effort. There are years of proof and over a century of history that reflects that repeating spin or a lie often enough will cause many to accept it as true.
The new announcement today and the plan insights shown later below will build on that “what the hell do have you have to lose?” campaign cry, a sarcastic way he had of saying – what have Democrats done for blacks after an election? But first, some history since the last general election.
The Trump Administration has not stopped the minority outreach effort since his 2016 victory. President Trump has routinely touted at rallies for years the pre-pandemic results that brought record low unemployment and rising incomes to Blacks, Hispanics, women – indeed, seemingly all demographic groups.
MHLivingNews research shows that billionaires like Bill Gates had access to early inside information on the emerging pandemic.
So, perhaps it is no surprise that Gates, Warren Buffett, Jeff Bezos, Mark Zuckerberg, and other Democratic supporting billionaires have per third party research grown over $1 trillion dollars richer personally since the pandemic-sparked shutdowns in mid-March, 2020.
Against that backdrop, today’s announcement.
Per Fox News, President Trump has announced a nearly $500 billion dollar Black America Platinum Plan. Among other elements, it designates the Ku Klux Klan (KKK) and Antifa as “terrorist organizations.” The plan calls for making lynching a national hate crime. MHProNews obtained that document, which is linked here and shown below.
NewsThud, who created the Biden/Wall Street portion of this evening’s featured image, is among the sources that have reported that the Biden Campaign has promised them that despite his campaign rhetoric, he will not be targeting them if he wins the 2020 race. Left-of-center Politico made a similar report just a few weeks ago. “No one’s standard of living will change,” the Biden campaign assured wealth donors, saying that their status quo would be protected.
That is part of the backdrop that should be considered by those who think that Democrats will really ‘tax the rich’ as the campaign promises. After all, what would be the logic of the wealthy paying for a campaign that will tax them more? Rather, what is likely to occur are outcomes similar to the Obama-Biden Administration. Talk about Dodd-Frank ‘reigning in big banks’ turned into Dodd-Frank protecting big banks while harming smaller ones. The evidence is found in the hundreds of community lenders that vanished after the Dodd-Frank created Consumer Financial Protection Bureau (CFPB) began enforcing their regulations.
Per right-of-center Fox News:
- President Trump’s plan for Black America designates the KKK and Antifa as terrorist organizations and calls for making lynching a national hate crime, while pledging to increase access to capital in Black communities by nearly $500 billion, Fox News has learned.
- The president rolled out details of what the campaign is calling the “Platinum Plan,” which details “opportunity,” “security,” “prosperity,” and “fairness” for the Black Community.
“For decades, Democrat politicians like Joe Biden have taken Black voters for granted. They made you big promises before every election—and then the moment they got to Washington, they abandoned you and sold you out,” according to remarks exclusively obtained by Fox News. “The Democrats will always take Black voters for granted until large numbers of Black Americans vote Republican.”
The president touts the plan as “a bold vision that we can and will achieve over the next four years.”
The president’s plan, according to the campaign, will increase access to capital in Black communities by almost $500 billion, help to create 500,000 new Black-owned businesses, and help to create 3 million new jobs for the Black community. It states that it will “prosecute the KKK and ANTIFA as terrorist organizations and make lynching a national hate crime.”
- The president’s plan also vows to make Juneteenth a national holiday.
- Meanwhile, the president is also expected to commit to working on a “Second Step Act,” and provide access to better jobs and training opportunities for those in Black communities.
- The Platinum Plan also pledges to give Black churches the ability to compete for federal resources for their communities; bring better and tailored healthcare to address what the campaign called “historic disparities,” and advance home ownership opportunities and enhance financial literacy in Black communities.
- As for educational opportunities, the president is expected to vow, in federal, state and local community partnerships to “close failing schools” to replace with “full school choice and education opportunity,” while continuing to protect Historically Black Colleges & Universities.
With that summary, let’s move ahead to our business nightly quotable quotes, left-right headline summary, and two of the three market summary graphics at the closing bell earlier today. Those will be followed by the featured focus which tonight is former VP Joe Biden’s strong advantage over President Trump in fundraising from Wall Street.
Quotes That Shed Light – American Social, Industry, National Issues..
Headlines from left-of-center CNN Business
- Retreat from India
- NEW DELHI, INDIA FEBRUARY 28: The newly launched Harley Davidson Low Rider at the Harley Davidson showroom in New Delhi.
- Harley-Davidson is closing its factory in the world’s biggest motorcycle market
- Wall Street’s campaign donations to Biden are 5 times larger than those going to Trump
- Google will temporarily stop running election ads after Election Day
- Stocks are headed for their fourth week of losses
- Mark Cuban calls for $1,000 bi-weekly stimulus checks through November
- Watch Ring’s indoor drone prototype patrol a house
- She lost her job in the pandemic. She can’t even afford the dollar store to feed her kids
- Here’s why platinum may now be a better bet than gold
- Trump’s use of false content is often defended as humor. His supporters aren’t always in on the joke
- What’s in the iPhone 12? Wall Street analysts give us their predictions
- Apple is in a war for the future of the App Store
- The Queen’s real estate portfolio slammed by the pandemic
- Why Amazon’s new Alexa conversation feature is so hard to pull off
- In this photo illustration, meatless “Impossible Sliders” sits on a table at a White Castle restaurant, April 12, 2018 in the Queens borough of New York City. The meatless burgers, which sell for $1.99, are about twice the size of White Castle’s regular sliders. The patties, made primarily of wheat protein and potato, are the first plant-based burgers sold in an American quick-serve restaurant.
- More restaurant rewards are coming your way. But there’s a catch
- SAN FRANCISCO, CALIFORNIA – SEPTEMBER 01: A pedestrian walks by a building advertising an apartment for rent on September 01, 2020 in San Francisco, California. San Francisco rental prices have dropped nearly 15 percent in the past year as residents begin moving away from the city.
- So you want to lower your rent? Here’s how to negotiate
Headlines from right-of-center Fox Business
- MONEY
- Mnuchin, Pelosi agree to revive COVID relief talks; Dems draft $2.4T proposal
- Treasury Secretary Steven Mnuchin said he and House Speaker Nancy Pelosi have agreed to resume negotiations.
- Stocks stage late day jump with $2.3T coronavirus stimulus package in the works
- MARKETS
- Trump-Biden delayed election outcome worries overblown: Goldman Sachs
- TECH
- NYPD commissioner warns against ‘real threat’ facing businesses, law enforcement
- NYPD commissioner: Policy shift has had ‘significant impact’ on crime surge
- POLITICS
- Trump sends ‘important message’ with new insurance plan, ex-top aide says
- Trump vows to help these health care beneficiaries cover medication costs
- OPINION
- COVID has totally changed how we think about dinner — these 3 trends will stick
- ELLEN’S WAR CHEST?
- RICH & FAMOUS
- Scandal-scarred DeGeneres reportedly selling $10 million worth of artwork
- ALOHA AGAIN
- NEWS
- Disney’s Hawaii resort announces when it will begin phased reopening
- BEHIND THE SCENES
- MEDIA
- How much money Tom Hanks has made from ‘Forrest Gump’
- BACK ON TRACKS?
- TRAVEL
- Amtrak rolls out new way for passengers to book travel
- MULTIBILLION-DOLLAR DEAL
- HEALTH CARE
- Blue Cross Blue Shield OKs tentative settlement in sweeping antitrust suit
- CLOSING TIME
- REAL ESTATE
- Real estate giant Don Peebles: This city’s brick-and-mortar retail is dead
- TWEET AND SOUR?
- MARKETS
- JPMorgan says this will stir volatility as investors look toward ‘Election Month’
- CLEANING UP
- BUSINESS LEADERS
- New CEO is racing to keep Clorox’s wipes on store shelves
- WARNING MESSAGE
- TECH
- Google Maps joins fight against coronavirus with handy new feature
- POLITICS
- Minneapolis residents say crime is rising after funding shift
- ECONOMY
- Durable goods weak, as big ticket orders slow
- RETAIL
- Why Costco says it won’t offer curbside grocery pickup
- MARKETS
- Vanguard, BlackRock add new climate-focused ETFs as demand soars
- MARKETS
- New York stays ahead of London in top financial centers survey
- SPACE BUSINESS
- Bezos’ Blue Origin to break record with 7th reusable New Shepard rocket
- FOOD & DRINK
- Grubhub reveals trending dishes for fall, and of course they’re decadent
- LIFESTYLE
- Bill Murray gets legal threat from Doobie Brothers’ attorney over golf shirt ads
- MARKETS
- Dollar direction pointing toward this election outcome
- BUSINESS LEADERS
- Innocent Madoff investors must pay back profits, court rules
- MARKETS
- BMW fined $18M for inflating monthly US sales figures
- REAL ESTATE
- SEE PICS: Hollywood power couple buys $17.5M Beverly Hills palace
- TECH
- Justice Department asks judge to allow US to bar WeChat from US app stores
- ENTERTAINMENT
- Parents TV Council urges probe of Netflix for ‘sexualized’ content amid ‘Cuties’ controversy
- LIFESTYLE
- How much money Times Square’s Olive Garden is losing every week
- ECONOMY
- Brooklyn’s Industry City rezone proposal pulled, 20,000 potential jobs lost: report
- TECHNOLOGY
- Ex-eBay workers to plead guilty to sending spiders to Massachusetts bloggers
- LIFESTYLE
- Party City to open 25 pop-up stores nationwide, hire 20,000 temporary employees
- LIFESTYLE
- United Airlines offering rapid COVID-19 tests to passengers
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
According to a report by left-of-center CNN today, the securities and investment industry donated just $10.5 million to Trump’s presidential campaign and outside groups aligned with it. That is according to a new tally by OpenSecrets, which uses FEC records. Those same groups have sent nearly five times as much cash, $51.1 million, to Democratic presidential nominee Joe Biden.
That means Trump is losing the fundraising race among Wall Streeters by a greater magnitude than in 2016. During that cycle, former New York Senator Hillary Clinton and groups aligned with her raised $88 million from the securities and investment industry, while Trump took in just $20.8 million.
In some ways, CNN says that Wall Street’s preference for Democrats in the last two presidential cycles makes sense. After all, many people who work in the industry reside in deep blue cities including New York City, Boston, Chicago, and San Francisco.
“The bigger deal is where you live versus where you work. It’s as simple as that,” said Ed Mills, policy analyst at Raymond James.
Some of CNN’s analysis is arguably flawed, but their facts on this are fine. President Trump is a threat to the much of the political and uber-business Establishment. It could be boiled down to something as simple as that. The Trump DOJ has been preparing for some time for major antitrust action. That no doubt is a concern to Bezos, Buffett, Gates, Zuckerberg and other uber-billionaires. While there are billionaires backing both major parties, in 2016 and 2020, the big money clearly fell to the Democrats.
The case can be made that GOP, under President Trump has become the party of the working and middle class. The Trump Campaign’s stronger fundraising among small dollar donors makes that clear. See the related reports to learn more.
Related, Recent, and Read Hot Reports
Who is “Drinking the Kool-Aid” – Sunday Weekly Headline Review
Manufactured Housing Lending 2020 Re-Examination – FEDs, Lenders, and Advocates
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
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Fall 2020…
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.
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Enjoy these ‘blast from the past’ comments.
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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 MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and 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.
