Taken from the Wellington Letter... Bert Dohmen --- a most credible analyst of markets and men
TRUMP PULLS OUT OF PARIS ACCORD
The President’s trip abroad was incredibly successful. He has now mobilized 50 Muslim countries to fight ISIS. On June 4, four major Muslim nations broke their relations with Qatar because the latter supports the terrorists.
Does the liberal media report any of this?
Of course, not. Instead, after Trump’s return, CNN reported that the president had gained weight, was lonely and angry. The White House is in disarray, we heard. All these allegations don’t require any evidence, do they?
The Trump critics once again had fodder to criticize President Trump, this time for deciding to pull out of the Paris ‘climate change’ accord.
The radical left was unified with all the corporate elite, which were going to profit with billions of dollars from this accord signed by Obama. President Trump recognized this, and decided in favor Americans, rather than all the special interests.
He is throwing a monkey wrench into a trillion dollar business of special interests. This is dangerous…for him. History shows that such presidents lead a risky life. Remember, Presidents Kennedy and Reagan?
It’s great leadership to do what is unpopular but the right thing to do.
He has that. Look at some of the people that oppose him publicly:
Elon Musk of Tesla and Solar City. We highly respect Musk for his intelligence, courage, and success. However, his entire success has been financed by the generous subsidies of governments, paid for by taxpayers. If it weren’t for those, Tesla and Solar City would have been in bankruptcy a long time ago.
The theory of clean energy is great, but the government extracting the money from every income earner to give it to a few well-connected people isn’t capitalism. We are deeply disappointed that Elon Musk would put principles aside and “talk his own book.”
If a business can’t make it on its own, without handouts from taxpayers, it shouldn’t exist. If our business of economic and investment research no longer serves its clients well, should we get subsidies from the government? Should those subsidies make us millionaires and billionaires, with money extracted from hard-working people?
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