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Could Teamsters back a Republican in race for White House?

Disappointing jobs report fuels debate over economy, 2016



Teamsters Union Withholds Clinton Support; Seeks Meeting With Trump

Mike Ozanian: They absolutely could because the Teamsters understand that the key to getting this economy going is getting the government off the back of the American people. The last two presidents that did that, Ronald Reagan and Bill Clinton gave us very strong economic growth. The teamsters want the Keystone Pipeline built; they don't like the Cadillac tax and Obamacare. They're on to something here.

Bruce Japsen: We've got a long way to go here and I think generally Clinton or Biden or whoever would support more labor causes, but on the issue of Cadillac tax that Mike brings up, The Cadillac tax was designed to curtail these rich plans, to curtail their benefits and it's forcing employers to spend money on lower cost wellness and it leaves more money for wage increases.

Rich Karlgaard: It really is a dismal picture and that's why the teamster's endorsement is up for grabs. I think the teamster's reticence to Hillary has to do with the Democratic Party is really split into a couple of factions; you could call them the "Greens" and the "Blues." The "Greens" are coastal rich, urban Democrats that are for electric cars and all that kind of stuff and they're against the very manufacturing jobs and the Keystone Pipeline that blue collar democrats want and need.

Sabrina Schaeffer: I think this is when the rhetoric is no longer sufficient for politics. The reality is that Democrats do a lot to talk about what's good for working class, but Republicans want to make sure that people don't fall down to begin with. They want to make sure that there are policies in place to give people more freedom and more opportunity. The minimum wage comes to my mind. Democrats love to talk about raising the minimum wage. This is something that unions are behind but we know that it's going to create an artificial barrier to entry; it's going to lead to a loss of jobs. If anything Republicans are going to vote to lower the minimum wage to create more opportunity.

Elizabeth MacDonald: The Cadillac tax really hits the union health plans hard. Those union health plans are always going to be higher in cost. Cops, fireman and union workers are in very dangerous industries, they often have higher costs with their health plans. They may have ill spouses with chronic conditions like cancer, that's why the cost is so high. The Keystone Pipeline is such a key issue for the unions. We're talking shovel ready jobs that would be paid for by the private sector that Democrats are always squawking about.

Bill Baldwin: I've got a different notion, Republicans are way too wishy on job creation and they could change things with a radical proposal such as enterprise zones for new employers. If you add to the job total, and if you pay at least fifteen dollars an hour, then you should be totally exempt from the rules, regulations and litigation that right now are smothering employers.

New Debate as House Prepares to Choose Next Speaker

John Tamny: I think leadership is very overrated here, I think real leadership would be less alarmist and actually have the courage to do nothing, to acknowledge that not every problem requires a government solution. If they want to lead they should say short of the U.S. being invaded, we're passing a law saying that the house will not act for at least three months after any perceived crisis. It's when we have leadership that we get bad legislation.

Rich Karlgaard: I appreciate John's libertarian sentiments on this, but I think he's wrong. President Obama has vowed, particularly in his last year in office, to use the executive order to get a lot of stuff done that is at best borderline constitutional. You need leadership in the house to stop this.

Sabrina Schaeffer: I think some of those new rules and some of that restructuring comes with good leadership. Anybody who's run a company, anyone who has managed a staff, knows that the tone, some of the principals are going to trickle down. It starts at the top. I think if we don't have a good speaker who is able to connect, not only with the American people, but with Congress, with the lawmakers from both sides, we're not going to be able to get some of those important things done in terms of reigning in the progressive state, and restructuring congress so that it's a more efficient, left productive machine.

Mike Ozanian: This guy McCarthy is a clown, he's probably worse than Boehner. I think what we need is somebody like Ted Cruz, principal and standing by your beliefs and standing up for what the American people put the Republicans in charge of Congress for initially. When they passed that spending bill last year and acquiesced to President Obama and basically said, "You know what? We'll continue to fund Obamacare. We'll continue to let the EPA put American businesses out of work." That really was the end for Boehner. We need somebody strong in there, who if he has to will actually stop this lawless spending by Obama.

Elizabeth MacDonald: I think we're going to have a real change, I hope somebody who abides by the constitution. I'm not sure it's Ted Cruz, he has to run for the Presidency of America not just Christians. You could shoot an arrow across the floor of congress and not hit anybody on any given day, that's an issue too. You need somebody with passion who gets both sides of the aisle in on legislation. It is so divisive and poisoned under this President and the past leadership

Bruce Japsen: It needs to be more of a democratic process, it seems like they are becoming more like the Senate where they make up rules as they go. People look at this and they go "This is not what I studied in Political Science class." They basically get confused by the process.

Report: Wealthiest Americans Claim 90 Percent of Tax Credits for Electric Cars

Elizabeth MacDonald: This is green welfare for the hedge fund guys. It's creating a world of green privilege cause only the rich, the one percenters, can afford these cars. Worth pointing out, Elon Musk owns 27 percent or thereabouts of Tesla. So, we're basically paying to line his wallet.

Bruce Japsen: It does sound like a welfare for the wealthy scam, but I believe that they are planning to introduce some lower price cars maybe in the forty-fifty thousand dollar range, that would benefit the middle class.

Mike Ozanian: This company would not even be in business if it weren't for tax payer subsides. I really don't think those price things that Bruce is talking about are ever going to happen because the stock is priced so high. Certainly Wall Street doesn't believe they're ever going to have to cut their prices.

Bill Baldwin: I'm not sure you should be focusing on electric cars, how about green technology generally. Green technology is a system for extracting cash from the wallets of middle class people and handing it to deserving billionaires like Al Gore and Elon Musk.

Rich Karlgaard: I think Elon Musk is a national treasure, I wish we had a thousand more like him, I don't think they needs the subsides. People who pay a hundred thousand dollars for his cars aren't gonna bat an eye at an extra seventy-five-hundred dollars.

John Tamny: The rich pay the majority of the taxes. I think it's offensive that we fleece the rich in order to give other rich a very expensive car and to Rich's point, Elon Musk is a great entrepreneur. Why would we discredit him by giving him these handouts?

Stock Picks

Elizabeth Macdonald: Buckeye Partners (BPL)

Bill Baldwin: Danaher (DHR)