Richardcyoung.com

The Online Home of Author and Investor, Dick Young

WATCH: How Crony Capitalism Ruined Your Lighting, and More

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In a great video produced by The American Conservative, Tim Carney explains how crony capitalism, led by GE, ruined Americans’ lightbulb choice, sent American jobs overseas, and used the government to benefit just a few companies. The issue of light bulbs seems mundane, but the restrictions—along with regulations on shower heads, washing machines, small engine […]

Is Trump About to Reward the Rust Belt?

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While in Milwaukee on Tuesday, President Trump said the state’s governor, Scott Walker, may get “a very happy surprise very soon….we were negotiating with a major, major incredible manufacturer of phones and computers and televisions.” Now it is rumored that Foxconn, the maker of iPhones and other branded devices is considering building a new factory in the […]

What is the Trump Administration Planning on North Korea?

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Yesterday President Trump met with the U.N. ambassadors of the current members of the U.N. Security Council (as well as with American ambassador to the U.N., Nikki Haley). The meeting took place at the White House. Trump has been a hard critic of the U.N., so the meeting with Security Council member nations is a bit […]

The “Donald Trump of France” Says She’s Being Wiretapped Too

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French presidential candidate Marine Le Pen has been in politics for a long time, but her tough stances on immigration and national independence garner her regular comparisons to political newcomer, President Donald Trump. In an accusation similar to one made by Trump that has caused great controversy, Le Pen is alleging the outgoing government of President […]

Businesses Hope to Escape the Crush of Regs. After New Trump Order

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President Trump has signed a new executive order requiring federal agencies to form task forces which will identify regulations to repeal. According to the order: Each Regulatory Reform Task Force will evaluate existing regulations and identify candidates for repeal or modification. Each agency’s Task Force will focus on eliminating costly and unnecessary regulations. To hold […]

Is the F-35 Surprisingly Cheaper than People Think?

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It seems like the F-35 has been under fire for being too expensive since it was in the planning stages. Recently President Trump specifically targeted the program for a cost reduction, and Lockheed, the jet’s manufacturer credited his personal involvement with accelerating negotiations that led to a 7.3% reduction in cost for the next batch of […]

Deadline: Is there Really a Chance for Tax Reform by August?

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The Trump Administration Wants to Lower Corporate Taxes Newly installed Treasury Secretary Steven Mnuchin has said in an interview with CNBC that he wants to get a “very significant” tax reform bill passed by Congress before the legislature goes to recess in August. Mnuchin told interviewers that his focus is on making “the business tax competitive […]

It Looks Like a Major Round of Budget Cuts is On Its Way

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The incoming Trump administration has launched its first salvo at the bloated budget that is currently harming America’s growth and competitiveness in the world. The Hill is reporting that the president-elect has the Transportation, Justice and State departments squarely in the cross hairs of budget reduction. Alexander Bolton reports that the proposed cuts could trim […]

Pelosi’s Leadership bid is Challenged by Rep. Tim Ryan

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Of the last nine congresses, only two have been led by Democrats. Despite this terrible performance, Congresswoman Nancy Pelosi has been reelected over and over to the Democrats’ highest leadership role. Now, as she runs once again for Minority Leader, Pelosi is being challenged by Congressman Tim Ryan, a young lawmaker from Ohio. Ryan is […]