As you're likely aware, it has been an active severe weather season across IA. Looking at the annual combined number of Severe Thunderstorm & Tornado Warnings to date (5 Jun), our office (DMX) has tied for the 2nd most. For the entire state? The highest number on record. #iawx
I had a friend ask me why I'm supporting DeSantis instead of Trump.
After all, wasn't Trump better than Biden?
He asked, "Why choose a guy who basically has Trump's same policies when we could just have Trump?"
I'd like to answer that question.
To me, this election is about more than Donald Trump, or the election interference against him, or whether he did or did not break the law.
It's about more than economic prosperity, cheaper gas, or lower inflation.
It's about more than political loyalties or making a statement to the democrats.
To me, it's about the morality & soul of our nation.
With Trump, we know what we're getting,
And we know what we're not.
Like morality, decency, or integrity.
Trump has demonstrated little loyalty to the truth and he's not above using intimidation & threats to sway opponents & allies alike.
I expect perfection from no one, and I know we're looking for a President, not a preacher, as I've been told countless times.
I get that.
But I also believe to my core that "righteousness exalts a nation, but sin is a reproach to any people", from the wisdom of Solomon. And I believe it applies to our leadership in this representative republic.
Our leaders have always been an outflow of we, the people. The ones who elect them. They are a reflection of us through our vested trust in them to lead.
And when we find ourselves trapped in the never-ending cycle of choosing the lesser of two evils. We undoubtedly placed ourselves there.
When we feel trapped by the establishment, it's because we bought the narrative... again.
And for another election cycle, we enter the ballot box to elect another less-than-ideal candidate and wonder "how did we get here?"
It's always because somewhere along the way, we sacrificed our ideals, our principles, for pragmatism. We believed the lies that "It has to be THIS guy if we want to win".
And when enough of us buy into that mantra, we create a self-fulfilling prophecy.
I support DeSantis because I want to break that cycle.
Despite Trump's claims to the contrary, DeSantis is no establishment candidate. He's not sold out to corporate interests, a Soros puppet, or Bush 2.0.
I've spent dozens of hours examining his entire record in detail.
6 years in congress.
5 years as governor, so far.
His books.
His achievements.
Where the left & the establishment has fought him.
How he fought back...and won. Over & over.
I voted for Bush as a republican.
Same for McCain & Romney...with little enthusiasm.
And I voted for Trump twice, but really, I voted against Clinton & then Biden.
I'm done with it.
Done with never feeling our candidates align with real conservative principles.
Done with compromising, every single time.
Done with vesting my vote into who the establishment media tells me to.
And make no mistake, Trump is now the establishment. The compromise candidate who can't seem to move left fast enough.
And DeSantis is the America-first conservative we all hoped Trump would be back in 2016.
He's the clear conservative in this race.
Someone I can vote for without compromise or reserve.
Someone I could point to as an example for my boys.
How long has it been since we had a President like that?
Far too long.
We have the chance, a good chance, for decency, morality, and conservative principles to guide our country for the next 8 years.
Trump cannot offer that.
If he can win at all, he would offer 4 years.
And yes, he could get gas prices down & tame foreign policy.
But he'd continue overspending, breaking promises, & compromising with the left.
And he would do nothing to stem the tide of woke ideology and moral decay which have long gripped this land.
He'd do nothing to reverse the decline.
The real decline.
Not just the one in our bank accounts, but the one in our culture, our laws, our collective conscience.
DeSantis has risen up to fight those battles, and he's actually won.
He has championed the fight for families, for small government, for fiscal responsibility, and for conservative principles.
If I'm to choose between the moderate, compromised former democrat, or a proven, consistent conservative who has won cultural battles against the left, that's hardly a choice at all.
I'll choose DeSantis every time.
Not as some hero or savior.
Just as the far and away best choice to lead our nation out of decline and into a brighter future.
He's not just a "better" Trump.
He's who Trump should have been all along.
When I’m President, Iowa will have first dibs on the Department of Agriculture.
An agency like the USDA should be staffed by Americans who understand agriculture and farming, not pointy-headed bureaucrats imposing an agenda.
We need a president who has the skill & resolve to reverse this madness.
Who will fight and win for you. Who won’t get distracted, but will stay disciplined. Who puts this country first.
That leader - that winner - is @RonDeSantis!
BREAKING NEWS! 🏆🐷 Cliff's Place in Manning is home to the 2023 Iowa's Best Breaded Pork Tenderloin! Congratulations, Jim & Jon!
The 2023 runner-up is The Roadhouse in Orange City!
🚨Be sure to check hours of operation before making your trip! 🚨
#Porktober23#IowaPork
I’ve lost all patience with the gaslighting about shoplifting—it’s just 1% of revenue, it doesn’t hurt anyone but rich investors, blah blah blah.
Using numbers from Lowe's 2022 10-K, here's a quick analysis showing how destructive it really is, including killing 1,500+ jobs. 👇
(1) For retail chains, 1% of revenue is an absolutely massive number. In the case of Lowe’s, inventory shrinkage—most of which is consumer shoplifting or employee theft—cost the company $997M in 2022.
That’s right: One company lost nearly a billion dollars from theft. In one year. If that $1B were the revenue of a company in its own right, it would be large enough to be publicly traded.
And, again, this is just Lowe’s. Think of the scale if you added in Walmart, Target, Home Depot, Dick’s Sporting Goods, and all the grocery stores and drug stores across the country. Imagine how many billions of dollars that must be.
All of a sudden, 1% doesn’t seem that trivial anymore, does it?
(2) Even if you still believe that 1% of revenue isn’t that big a deal, let’s look at it in terms of earnings. In 2022, Lowe’s generated $11.9B in EBITDA and $6.4B in net income. That $1B in shrinkage represents 8.4% and 15.5% of those numbers, respectively.
In other words, for every $6.50 in earnings for Lowe’s shareholders, they’re losing roughly $1.00 due to theft.
If Lowe’s were able to eliminate all shrinkage, EBITDA would grow more than 8%, and net income would grow 11%. The company would generate an extra $710M in earnings, all without having other sell a single extra item or grow sales by even a dollar.
(3) For investors, that $710M of foregone net income is massive. In 2022, Lowe’s paid out 36.8% of net income in the form of shareholder dividends—actual cash payments to its owners, including mom-and-pop retail investors and the pension funds that represent a large portion of its shareholder base. Assuming that Lowe’s kept the same payout ratio, eliminating shrinkage would create another $261M available for dividend payments.
(4) More important, though, is the earnings that Lowe’s doesn’t distribute—the cash they reinvest back into their business. In 2022, Lowe’s had $1.8B in capex, in the form of new stores, improvements to existing stores, and other strategic initiatives. This $1.8B represented 28.4% of earnings.
If Lowe’s kept the same ratio and applied it to an incremental $710M in net income, that would represent an extra $202M available for capex. It costs Lowe’s about $22M to build and stock a new store, and the company has an average of 173 employees per store (inclusive of employees working in corporate-overhead positions).
In other words, stolen merchandise is costing the company the opportunity to build another nine stores, which would create 1,500+ new jobs.
(5) To summarize: $997M in shrinkage turns into $710M in foregone net income. This foregone net income, using 2022’s ratios, means $261M in shareholder dividends missed out on, nine stores not built, and 1,500+ jobs not created.
So you really want to say that shoplifting isn’t a big deal? You really want to justify it and say that it’s a victimless crime?
Go tell that to the senior citizens not getting the dividend checks that they otherwise would have received. Go to nine mid-size towns without a Lowe’s and tell them that. Go find 1,500 people looking for retail jobs and tell them that the only people getting hurt here are fat-cat shareholders.
Really, go on.