Category Archives: The Economy

US Senate narrowly passes Budget Plan….

Republican Senator’s worked the bill so that they would only need THEIR members simple majority for passage….No Democratic filibuster can stop it…Only Republican Senator Rand Paul voted with the Democrats against the bill…

The media reports are that the math in the spending sets up the Republican effort to pass a Tax Cut bill next which have been pushing for along with Trump…

The bill now goes to the House….

And if passed in the House would be the firsts major legislation the Republicans have voted in since Donald Trump became President….

In Congress, the annual budget resolution provides an outline of federal spending and revenues. The Senate’s blueprint, for the 2018 fiscal year that began Oct. 1, claims to achieve a balanced budget within a decade, assuming greater economic growth and using an accounting method that excludes Social Security. In order to erase projected deficits, it calls for trillions of dollars in spending cuts over the coming decade.

But the cuts exist only on paper, without legislation to achieve them.

Even so, Democrats sounded the alarm, warning that the aspirational cuts in the budget plan called for slicing more than $1 trillion from Medicaid and about $470 billion from Medicare over a decade.

They also lamented the approach that Republicans are taking on taxes, which mirrors the strategy that they employed in their failed effort to repeal the Affordable Care Act. On that matter, Republicans successfully laid the groundwork for a repeal measure that could pass without any Democratic votes, but party leaders could not ultimately get 50 Republican senators to agree on a health bill.

Though Democrats have pleaded to have more say in the tax overhaul, parliamentary language in the budget resolution would allow Republicans to pass a tax bill without any cooperation from the minority party. The tax measure could add as much as $1.5 trillion to budget deficits over a decade.

“Passing this budget is not a requirement for passing tax reform,” said Senator Gary Peters, Democrat of Michigan. “Passing this budget is only a requirement to pass a tax bill with as few votes as possible, without input or buy-in from members of the minority.”

For Republicans, the budget debate provided a moment to showcase their main goal in the coming months: Approving an overhaul of the tax code for the first time in decades, which they hope will lead to greater economic growth.

But before they can move ahead with a tax bill, the House and Senate need to agree on the same budget resolution….

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Trump floats another GOP/Dem Congressional approach…This one for Tax Cuts effort…

I’m begiinning to think SOMEONE has been working on Donald J. Trump’s view of how Congress works….

Strung by several attempts to get things done within the confines of his own adopted Grand Ole party?

He is once again saying that he wants BOTH parties to take a crack at tax (cuts) reform……

This isn’t gonna make Republicans happy….

They don’t want to go back and bring the Democrats on board….

But them doing things by themselves ?……Ain’ t working….

President Donald Trump suggested at a meeting with senators Wednesday that the Senate create a bipartisan working group for tax reform, surprising Republicans who’ve been planning to pass a party-line bill, senators said afterward.

As the Senate worked to advance a budget that would set up a partisan tax reform bill on Wednesday, the president repeatedly indicated at a lunch with senators from both parties that he wanted a bipartisan process headed by Senate Finance Chairman Orrin Hatch (R-Utah) and ranking member Ron Wyden (D-Ore.), senators said. While everyone in the room nodded along with Trump’s hopes for bipartisanship, there was no agreement among senators to actually create such a group, which is viewed by some Republicans as redundant to the existing Finance Committee.

“The president basically asked them to work on that,” said Senate Majority Whip John Cornyn (R-Texas). But “that’s what we do as a (finance) committee. I don’t really personally see the benefit of creating additional structure. I think we’ve got all the tools we need.”

Republicans already have a partisan tax framework to reduce corporate rates, alter individual tax brackets and increase the standard deduction. Democrats largely oppose this plan, and Republicans are skeptical that opening it up to new negotiations would pay any dividends. Cornyn said he is “always” skeptical of Democrats being serious about negotiating with the GOP on a tax plan…..

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Trump changes his mind on Senate Healthcare compromise ‘deal’….GOPer’s are stuck….

I posted up the announcement that Senators LamarHunt and Patty Murray had what they thought was a compromise to pay insurance companies for carrying low income people on health insurance, that they MUST cover in turn for allowing states wiggle room in their coverage….

I DID mention that the announcement was met with a thud….

President Trump was happy for about two hours with the ‘deal’ until he heard that his party memebers , particuly House Conservertives began to complain LOUD and CLEAR that they would not go along with something that would let Trump boast he got a deal with Democrats that would SAVE a program they have vilified for the past six year….Of course the ageement would be viewed as a direct reputation of their politics on healthcare…

Senate Majority Leader Mitch McConnell hasn’t said much about the whole thing so far…

House Speaker Ryan wants healthcare to go away….

But it’s NOT that simple…

By kicking the whole thing to Congress, where it should be?

Trump has put the responsibitly for a possible loss of health insurance for tens of millions in Congress’s lap….And could be providing Democratic talking points to run on in next years Midterm elections …Something conservatives are being short sighted about…

No matter what?

Republicans in Congress WILL end up doing something to save the healthcare bill …..

To have people losing their health insurance due to HUGE premium increases next year for a program that a majority of Americans NOW want to keep, just fix, is a recipe for political disaster ……

A bipartisan Senate deal to curb the growth of health insurance premiums is reeling after President Donald Trump reversed course and opposed the agreement and top congressional Republicans and conservatives gave it a frosty reception.

Sens. Lamar Alexander, R-Tenn., and Patty Murray, D-Wash., announced their accord Tuesday after weeks of negotiations and five days after Trump said he was halting federal subsidies to insurers. Under the lawmakers’ agreement, the payments would continue for two years while states were given more leeway to let insurers sidestep some coverage requirements imposed by President Barack Obama’s health care law.

In remarks Tuesday in the Rose Garden, Trump called the deal “a very good solution” that would calm insurance markets, giving him time to pursue his goal of scrapping Obama’s 2010 Affordable Care Act, the target of Republican derision since it was signed into law.

Although top Democrats and some Republicans praised the Alexander-Murray compromise agreement, Trump backed off after a day of criticism from many in the GOP.

In an evening speech at the conservative Heritage Foundation, he said that “while I commend” the work by the two senators, “I continue to believe Congress must find a solution to the Obamacare mess instead of providing bailouts to insurance companies.”

A White House official said Trump’s statement was aimed at conveying opposition to the Alexander-Murray plan. The official spoke on condition of anonymity to discuss internal deliberations.

The subsidies — called cost-sharing reductions — go to insurers for reducing out-of-pocket costs for lower-income people. Since Obama’s law requires insurers to make those cost reductions, insurers and others have warned that halting the subsidies would force premiums higher and prompt some carriers to abandon unprofitable markets.

“This agreement avoids chaos,” Alexander said when he announced the deal. “I don’t know a Republican or Democrat who benefits from chaos.”

Alexander said the president had encouraged his efforts in two phone calls in recent days. But Trump has also repeatedly called the subsidies bailouts of insurers, who he’s pointedly said have contributed little to his campaigns…..

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While Donald Trump tries to close down America?…China expands…

Donald Trump go down in history as the guy who relegated America to No.2 in the world economy for the first time in modern history…

China ‘s economy was a little more that 1/2 of America’s…But the Chinese are catching up fast…..Their economy is growing SIX times faster then America’s and Donald Trump is trying  drop OUT of international trade deals that the other countries are glad to jump into…..

China’s ascension as an economic superstar over the past three-plus decades is out of sync with its heft in global financial markets. But things are starting to change, and investors around the world will feel the difference.

China makes up more than one-seventh of the global economy, yet its footprint in international portfolios is ludicrously small, with overseas investors owning less than 2 percent of its domestic stocks and bonds. But its insulated markets are slowly becoming more integrated, as President Xi Jinping loosens rules on foreign participation. That push could get further backing at the Communist Party’s twice-a-decade congress this month, where the leadership will set policy priorities for the coming five years.

Inflection Point

China’s capacity to influence global financial markets has been growing incrementally, but the pivotal moment came in 2015, when the yuan’s unexpected devaluation rocked assets worldwide, showing investors beyond Asia that China’s markets are a force to be reckoned with….

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Speaker Ryan…Feds MUST help Puerto Rico…But…

The Repulican Speaker of the House is backing cutrrent effort to provide disaster assistance to the American island and will visist ther tomorrow…

But because he KNOWS Trump is ever listening made sure to back Trump’s comment that the island’s people will have to work to reconstruct their island when some of the Federal help leaves…

We ALL KNOW that help rushed to the islnad will have to ramp down…

But this cerainly isn’t the time to use that comment as a foil against the mayor of San Juan ( and outspoken woman)  which Trump seems to be doing….

Speaker Paul Ryan (R-Wis.) said Thursday that Puerto Rico is facing a “humanitarian crisis” and argued that the federal government has a responsibility to provide personnel and aid to the hurricane-ravaged island territory.

But Ryan also appeared to defend controversial remarks by President Trump that federal resources cannot remain in Puerto Rico “forever,” saying the territory needs to get back “on its own two feet.” The president did not make similar comments about two other regions that have been slammed by hurricanes, Houston and south Florida.

“Yes, we need to make sure that Puerto Rico can begin to stand on its own two feet,” Ryan told reporters at his weekly news conference. “They’ve already had tough fiscal problems to begin with. … We’ve got to do more to help Puerto Rico rebuild its own economy so that it can be self-sufficient.”

The speaker visited the Federal Emergency Management Agency (FEMA) headquarters last week and is leading a bipartisan congressional delegation to Puerto Rico on Friday to see firsthand the damage and recovery effort. Thousands of Puerto Ricans are still without power, water and health care, according to news reports….

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Update….

The Federal Emergency Management Agency (FEMA) affirmed Thursday that it would continue to support Puerto Rico after President Trump suggested the agency may be pulled from the hurricane-ravaged island.

FEMA “will be w/Puerto Rico, [U.S. Virgin Islands], every state, territory impacted by a disaster every day, supporting throughout their response & recovery,” the agency’s deputy director of public affairs Eileen Lainez wrote on Twitter….

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Note….

The House easily passed legislation on Thursday to provide $36.5 billion in aid for communities affected by recent hurricanes and wildfires, despite concerns from some conservatives about the growing cost of disaster aid.

All of the votes in opposition were from Republicans in the 353-69 vote.

The package includes $18.7 billion for the Federal Emergency Management Agency’s (FEMA) disaster relief fund — including $4.9 billion for a disaster relief loan account — $16 billion to address national flood insurance program debt and $576.5 million for wildfire recovery efforts. It also provided $1.27 billion for disaster food assistance for Puerto Rico….

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Even Breitbart Hates Trump’s New Tax Plan….

Oh, my!

Trump propaganda arm, Breitbart News, is taking a swipe at the president’s new tax reform plan.

The sticking point seems to be that Trump pimped the plan to his base, but just like with Trump University marks students, found it wasn’t what it was advertised to be.

In an article Thursday morning, the news site chaired by former Trump aide Steve Bannon ripped the GOP’s framework for tax reform, and argued that Trump pitched the plan to truck drivers “who may see little or no direct benefit” on Wednesday night.

“There’s very little in the framework, moreover, that would directly benefit most truckers,” Breitbart’s John Carney wrote, saying that Trump’s plan would raise taxes for a family making the median income for truck drivers by about $200 a year.

Yeah.

Trump spoke to a group of truck drivers in Pennsylvania Wednesday, billing his snake oil as “rocket fuel” for the economy.

Breitbart characterized it as something completely different, however, pointing out that the plan reduces some of the exemptions available for middle class families.

“In other words, under the Trump plan more of a family’s income would be subject to income tax than under current law. So even if their rates fall, they could still wind up paying more in taxes,” Carney argues.

That flies in the face of the Trump administration’s own estimates. On Wednesday, Trump told truckers that the average family would save about $4,000 under his tax plan.

“My Council of Economic Advisors estimates that this change, along with a lower rate, would likely give the typical American household a $4,000 pay raise,” Trump said.

Is it any wonder the man has filed for bankruptcy five times?…

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Trump warns he may leave Puerto Rico to fend for its own….

Instead of trying to fix problems from the Hurricane and address problem the island, part of the US, has hand for a while?

Donald Trump, as usual?

Deals with his own ego….

And Isn’t sympathic to those who would complain about him….

He is talking about cutting and running from the island’s plight….

President Trump served notice Thursday that he may pull back federal relief workers from Puerto Rico, effectively threatening to abandon the U.S. territory amid a staggering humanitarian crisis in the aftermath of Hurricane Maria.

Declaring the U.S. territory’s electrical grid and infrastructure to have been a “disaster before hurricanes,” Trump wrote Thursday that it will be up to Congress how much federal money to appropriate to the island for its recovery efforts and that relief workers will not stay “forever.”

In a trio of tweets, Trump wrote” “We cannot keep FEMA, the Military & the First Responders, who have been amazing (under the most difficult circumstances) in P.R. forever!”

Three weeks since Maria made landfall, much of Puerto Rico, an island of 3.4 million people, remains without power. Residents struggle to find clean water, hospitals are running short on medicine and commerce is slow with many businesses closed.

Trump on Thursday sought to shame the territory for its own plight. He tweeted, “Electric and all infrastructure was disaster before hurricanes.” And he quoted Sharyl Attkisson, a television journalist, as saying, “Puerto Rico survived the Hurricanes, now a financial crisis looms largely of their own making.”….

Note….

In a visit to the island last week, Vice President Pence vowed that the administration will be with Puerto Rico “every step of the way.”

“I say to all of you gathered here today to the people of Puerto Rico:  We are with you, we stand with you, and we will be with you every single day until Puerto Rico is restored bigger and better than ever before,” he said.

Trump himself made a similar promise, saying in a Sept. 29 speech, “We will not rest, however, until the people of Puerto Rico are safe.” He added, “These are great people. We want them to be safe and sound and secure. And we will be there every day until that happens.”

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Huh?

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FEMA: “Not our job to deliver water and food” to Puerto Ricans. Think I am making this up? Wrong!

That was the response Rachel got when FEMA was asked why it has been almost 3 weeks since the last hurricane hit Aibonito, a small town high in the mountains about an hour south of San Juan, and FEMA has yet to deliver a single bottle of water.

FEMA claims the roads aren’t passable,   For the record, when I say “about an hour south” I mean Google Maps puts the drive — right now — at 1 hour and 5 minutes if I take the autopista (highway).  BUT it also says there are portions of the road that are closed.  Soooo you have to take route 173 and that takes 1 hour and 24 minutes.  Maybe Google is wrong, right?  It would be nice if someone on the ground could actually make the trip…. oh wait… what’s that?  The MSNBC film crew already made the trip and it took them “about an hour and a half.”

As the MSNBC video shows, they got there no problem because the road was clear. No bridges out, no trees in the way, no mudslides, no raging rivers.  Not even bad hombres. I realize the last menace would be Mexicans and there shouldn’t be any Mexicans clogging up the roads in Puerto Rico right now. But we all know to the Trump Klan, Puerto Ricans are just Island Mexicans, so they probably worry about that sort of thing.

Presented with the fact of Maddow’s team having video evidence directly contradicting their claims,  FEMA then dropped this bombshell: Apparently, FEMA says it is the mayor’s job to distribute food and water. They are just there to help people fill out paperwork….

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British PM refusing to say if she still supports leaving the EU….

She did NOT support leaving the Euroepean Union before she got elected….

Image result for Brexit

Theresa May has refused to say whether she supports Brexit, once again dodging the question of how she would vote if a second referendum was held on Britain’s EU membership.

Responding to the SNP’s Westminster leader, Ian Blackford, during Prime Minister’s Questions, Ms May again refused to say she would vote for Britain to leave the EU.

Instead she answered: “There is no second referendum. The people of the United Kingdom voted and we will be leaving the European Union in March 2019.”

Mr Blackford claimed the Prime Minister, who backed the Remain campaign in last year’s referendum, “could not answer a simple question” and said she should “come off the fence”.

The exchange came hours after an LBC interview in which the Prime Minister refused three times to say if she would vote for Britain to leave the EU if another referendum were held.

She told host Iain Dale: “Well, I voted Remain for good reasons at the time, but circumstances move on….

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image..telegraph.co.uk

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More than 5,000 homes evacuated as Orange County Ca. fire grows to 6,000 acres

The crazy thing is wild fires actually help the earth regenerate itself.

And they happen EVERY Year….

It’s the people that shouldn’t be there….

A wind-fed wildfire surged over the Anaheim Hills on Monday, burning several homes and forcing thousands to evacuate as fire crews struggled to battle the rapidly growing blaze.

The fire broke out around 9:20 a.m. near the 91 Freeway and Gypsum Canyon Road, and quickly leaped the California 241 toll road. It raced up a ridge and hit tract homes at the top of a hill. Several caught fire and continued to burn even as firefighters sprayed the structures with water.

By 9 p.m., the blaze had scorched 6,000 acres and destroyed 24 structures. One firefighter had to be treated for smoke inhalation.

Two hours later, an Anaheim police spokesman said the fire was 5% contained. All evacuation orders were to remain in place overnight, he said, and it was “doubtful” residents would be allowed to go home Tuesday.

The Canyon No. 2 fire put an added drain on state firefighting resources as first responders battled more than a dozen blazes that erupted in Northern California on Sunday night, leaving 10 dead and destroying 1,500 structures.

By Tuesday, “we’re gonna be as stretched as we can be,” said Steven Beech, an incident commander with the California Department of Forestry and Fire Protection.

Orange County fire officials evacuated more than 5,000 homes in three cities as the fast-moving fire grew, spitting smoke into the air that was visible over Disneyland and caused officials to issue air quality warnings in parts of Los Angeles County….

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More US soldiers going to Puerto Rico to help…

The island needs serious help…..

And the military is the only organization that is capable to handle the task….

The United States plans to have 17,000 military personnel in Puerto Rico to aid disaster recovery efforts after Hurricane Maria, a Democratic senator briefed on the plan told reporters on Saturday.

Democratic Senator Richard Blumenthal, speaking to news media after a bipartisan Congressional visit to the island, said Brigadier General Jose Reyes, Assistant Adjutant General of the Puerto Rico National Guard, told Blumenthal that “there will be 17,000 military personnel,” including 8,600 National Guard troops from 13 U.S. states.

“That’s a tremendous ramp-up,” Blumenthal said.

U.S. Defense Secretary Jim Mattis testified in Congress on Tuesday that there are “over 10,000 troops” in Puerto Rico.

More….

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Tropical Storm Nate in the Gulf heading for New Orleans and parts of Florida…

Here we go again….

The ONLY good thing is this storm is not nearly as strong as the last two storms Irma and Harvey…It is only a category 1….

It has left Central America with 21 fatalities 

New Orleans, and states from Louisiana to Florida, braced Friday as forecasters predicted Tropical Storm Nate would pound the Gulf Coast this weekend as a hurricane.

According to the National Hurricane Center, the eye of the storm was expected to pass late Saturday or early Sunday about 50 miles east of New Orleans, which was devastated 12 years ago by Hurricane Katrina. It would be the third hurricane, after Harvey and Irma, to hit the US mainland in six weeks.
A tropical storm warning was issued late Friday morning for New Orleans and Lake Pontchartrain, west to Morgan City, Louisiana, the hurricane center said, while a hurricane warning was issued from Grand Isle, Louisiana, to the Alabama-Florida border.
Nate forecast track
A storm surge warning was put in place from Morgan City to the Alabama-Florida line, as well as along the northern and western shores of Lake Pontchartrain.
Over the warm waters of the northwestern Caribbean Sea, Nate was forecast to gain strength as it approaches the Yucatan Peninsula in Mexico later Friday and possibly strengthen into a Category 1 hurricane by the time it makes landfall along the Gulf Coast, the hurricane center said. It is forecast to bring “direct impacts from winds, storm surge and heavy rainfall,” the center said…..
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Hurricane’s cost include 33,000 jobs…

The Labor Department released its official hiring and unemployment figures for September on Friday morning, providing the latest snapshot of the American economy.

The Numbers

■ The economy lost 33,000 jobs last month, the first monthly decline in employment in seven years. Wall Street economists had expected very modest employment gains of 80,000, according to Bloomberg.

 ■ The average hourly wage grew by 0.45 percent, for a year-over-year gain of 2.9 percent.

The Takeaway

The hurricanes that roared through Florida, Texas and neighboring states knocked down September’s national payroll totals. But whatever damage the storms caused, Wall Street analysts do not expect it to significantly undermine the labor market over the long term.

“The numbers were certainly blown around a lot by the storms,” said Carl Tannenbaum, chief economist for Northern Trust. “The interruptions created in the hurricane regions were seen in leisure and hospitality especially, which had a huge decline.”…..

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Trump does a dance to keep Iran deal…. But say he isn’t…..

Trump is reported to have been annoyed about the way Congress has the President certifing to them every 90 days that the Iranians are in compliance with the Obama and other countries Nuclear deal….

He ran on the promise that he would scrap the deal, something EVERYONE of his general’s are STRONGLY against….(And Boeing which would lose BILLIONS)

So it seems someone has figured out a way for him to can SAY he’s out of the deal, but the US REALLY ISN’T.*…

Image result for iran nuclear deal 2015

Democrats argue that Mr. Trump should certify the agreement, warning that the administration’s ability to press Iran on other activities it objects to would be compromised — rather than enhanced — if the United States threw the future of the agreement into question.

Britain, France and Germany, all signatories to the agreement, are watching Mr. Trump’s deliberations with deepening concern. Diplomats from the three countries, as well as from the European Union, met with dozens of senators this week to warn them that if the United States withdrew, Europe would not follow.

“For us, this is a high priority in our national security,” said Peter Wittig, Germany’s ambassador to Washington. “We will stand by the Iran deal, and we want you not to walk away, but to comply with it. We share some of the grievances you have about Iran, and we can talk about it — and we should talk about it — but only on the basis of sticking to the deal.”

The deal is also contentious inside the administration. Secretary of State Rex W. Tillerson and Defense Secretary Jim Mattis have both urged Mr. Trump not to back out of it, in part because that would free Iran to begin producing uranium and reprocessing plutonium immediately, not after 13 years, as is stipulated in the agreement.

But Mr. Trump, after twice certifying the deal, has warned his aides that he would not do so again. As a result, the administration is looking for ways to claim Iran is in violation of the “spirit” of the accord, even if it has complied with inspection criteria. The International Atomic Energy Agency has said that Iran was in compliance; when it has found minor violations, they have been quickly fixed.

The president could also decline to certify it by claiming that the deal is simply not in the national security interests of the United States…..

As always ?

Donald Trump likes to push to limit to get a better deal….

But this isn’t New York Real Estate….

*Note…

Declining to recertify Iran’s compliance would amount to a compromise. Because it is simply a notification from the White House to Congress, it has no legal effect by itself. Mr. Trump could tell his supporters that he broke with President Barack Obama on the deal, without actually violating its terms.

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image of then Sec of State Kerry and Iran Iranian Foreign Minister Mohammad Javad Zarif …..tabletmag.com

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Trump says Puerto Rico needs a ‘bailout’…His Budget chief say ‘No’…..

Who’s in charge here?

The American Island had been struggling to get it’s business in order and pay it’s finacial obligations before the storm wiped out a good chuck of the countries infrastructure ….

There is NO WAY Puerto Rico is gonna be able to repay its debt after the storm….As a Democratic (AMERICAN) Island …Republicans do NOT want make it a state , which would help things and there are TONS of Wall Street companies that want to get paid the money that needs to go back the island….Congress is balking at taking the check….

The whole financial thing is a MESS…

President Trump said Tuesday that the U.S. would have to “wipe out” Puerto Rico’s multi-billion dollar debt after Hurricane Maria.

“They owe a lot of money to your friends on Wall Street and we’re going to have to wipe that out,” Trump said during an interview with Fox News. “You can say goodbye to that.”

“I don’t know if it’s Goldman Sachs but you can wave goodbye to that.”

Puerto Rico had roughly $70 billion in debt before Maria hit.

The debt had been a major obstacle for the U.S. territory as it fought for statehood. Bondholders had asked Congress and the Trump administration to hold off on granting statehood until Puerto Rico had paid off its debt…..

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President Donald Trump’s budget chief said not to take the president’s suggestion that Puerto Rico’s debt would be “wiped out” literally, as the territory’s bonds plunged to a record low on Wednesday.

A benchmark general obligation bond due in 2035 plunged to a record low of 32 cents on the dollar Wednesday morning from 44 cents the previous day after the president’s remarks.

“I think what you heard the president say is that Puerto Rico is going to have to figure out a way to solve its debt problem,” Mick Mulvaney, director of the White House budget office, said in an interview Wednesday. “We are not going to bail them out. We are not going to pay off those debts. We are not going to bail out those bond holders.”….

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image….CAROLINA, PUERTO RICO – OCTOBER 03: President Donald Trump and the First Lady arrive at the Muniz Air National Guard Base in Carolina, Puerto Rico on Oct. 3, 2017, almost two weeks after hurricane Maria hit the island. They meet with residents there to greet the President.(Carolyn Cole/Los Angeles Times via Getty Images)

Photographer: Carolyn Cole/LA Times via Getty Images

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While Trump pats himself on the back the German’s step in to help Puerto Rico…..

As Trump and company receed from the world?

Other countries step up into their place….

Is Trump giving away America’s lead in the world?

Ah….Hell of way to make ‘America Great’?

Or is it?

Sonnen GmbH, a German provider of energy-storage systems, is planning to install microgrids to provide electricity for at least 15 emergency relief centers in hurricane-ravaged Puerto Rico.

Sonnen began delivering its storage systems to Puerto Rico last week and expects to deliver at least one shipment each week as the island’s ports reopen, the Wildpoldsried, Germany-based company said in an emailed statement Monday. It’s working with local partner Pura Energia, which installs solar panels with Sonnen batteries.

Puerto Rico’s electricity grid was completely knocked out when Hurricane Maria slammed into the island Sept. 20, and repairs are expected to take months. That’s generating interest in microgrids, small-scale systems that combine solar panels and batteries that can be installed quickly to restore power to a few buildings at a time. Tesla Inc. is sending hundreds of its Powerwall batterysystems to the island, and Sunnova Inc., Puerto Rico’s largest rooftop solar provider, plans to install batteries to complement its systems.

“Our smart energy storage system is uniquely positioned to serve as a critical resource during the emergency in Puerto Rico,” Blake Richetta, the head of Sonnen’s U.S. unit, said in the statement.

Sonnen is donating equipment for the 15 relief centers. It also expects increased demand for its systems with Puerto Rico consumers and will donate profit from local sales to build as many as 35 additional microgrids on the island…..

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