Michael Reynolds/Pool via AP
Shouldn’t even a quasi-State of the Union address include a discussion of a crisis on its borders? Especially when it’s a massive humanitarian catastrophe directly connected to the administration’s own rhetoric on immigration policies? Not only did Joe Biden fail to mention the border crisis in his first speech to a joint session of Congress, Biden only made three mentions of the border at all, none of which had to do with its epic mishandling of the issue (via Jeff Dunetz):
And here’s what else we can do. Immigration has always been essential to America. Let’s end our exhausting war over immigration. For more than 30 years, politicians have talked about immigration reform and we’ve done nothing about it. It’s time to fix it. On Day 1 of my presidency, I kept my commitment and sent a comprehensive immigration bill to the United States Congress.
Should You Consider Investing in Nucor Corporation (NUE)?
Madison Funds, an investment management firm, published its “Madison Dividend Income Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +7.6% was delivered by the fund’s Class Y for the Q1 of 2021, ahead of its S&P 500 benchmark that delivered a +6.2% return but below the Russell 1000 Value index that had an +11.2% gain for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Madison Funds, in their Q1 2021 investor letter, mentioned Nucor Corporation (NYSE: NUE), and shared their insights on the company. Nucor Corporation is a Charlotte, North Carolina-based steel production company that currently has a $24.4 billion market capitalization. Since the beginning of the year, NUE delivered a 53.37% return, extending its 12-month gains to 91.95%. As of April 28, 2021, the stock closed at $81.58 per share.
From the President’s quasi-State of the Union address:
And we won’t ignore what our intelligence agents have determined to be the most lethal terrorist threat to our homeland today: White supremacy is terrorism. We are not going to ignore that either. My fellow Americans, look, we have to come together to heal the soul of this nation. It was nearly a year ago before her father’s funeral when I spoke to Gianna Floyd, George Floyd’s young daughter.
She’s a little tyke, so I was kneeling down to talk to her, so I can look at her in the eye. She looked at me, she said, “My daddy changed the world.” Well, after the conviction of George Floyd’s murderer, we can see how right she was if, if we have the courage to act as a Congress. We have all seen the knee of injustice on the neck of Black Americans. Now is our opportunity to make some real progress.
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Jun 15, 2021 to Jun 17, 2021
In his joint statement to Congress after nearly 100 days into office, President Joe Biden tried to urge action on some of his top priorities. For those in farm country, it’s important what he did and didn’t say.
In his opening comments, Biden said, “I come to talk about crisis and opportunity, about rebuilding the nation, revitalizing our democracy, and winning the future for America.”
I think most surprisingly out of his speech was the lack of fine details about his tax reform that he plans to use to pay for the wish list. In a call with senior White House officials before the speech, components of his increase in estate taxes and elimination of stepped-up basis were paramount.
Read the transcript of President Joe Biden’s address to joint session of Congress
Updated Apr 29, 2021;
Posted Apr 29, 2021
President Joe Biden addresses a joint session of Congress, Wednesday, April 28, 2021, in the House Chamber at the U.S. Capitol in Washington, as Vice President Kamala Harris, left, and House Speaker Nancy Pelosi of Calif., look on. (Melina Mara/The Washington Post via AP, Pool)AP
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President Joe Biden, a Delaware Democrat who served as vice president and a senator for three decades, said it was “good to be back” in House chambers of the U.S. Capitol on Wednesday, this time at the podium to deliver his first presidential address to a joint session of Congress.