The Trucking Bubble
Political correctness is destroying America. There are no leaders running this country, only cowards who bow down before other countries and submit apologies for America’s “sins.” A present day government filled with lies, deceit and fraud, creating bubbles within a bubble. The thing about a bubble is : it will eventually burst.
The housing bubble finally grew as big as it could get before bursting, and pushing the country into a massive recession, as well as more bubbles: the banking bubble and the auto industry bubble. Continual lies, deceit and fraud not only upon this great country and the American people, but the entire planet. We now have the emails of the scientists who have been behind the pushing of the global warming threat, showing that in fact, it is the greatest scientific hoax ever designed. A politically based hoax that made many multi-millionaires, which aimed directly at the expense of the American people, i.e. Cap and Trade.
We now have a government and administration which cares nothing about America or its people. Its only goal is to push through their agendas which will further cripple this country and the middle class working men and women. I have always stated that this whole global warming charade was a political scam . . . a big money making scheme. Yet, “President” Obama is set to go to Denmark next month to further expand on the administrations policies to fight “global warming.” They still continue to fight to push through nationalized health care, although polls show that the large majority of Americans are against it. The administration does not care what “we the people” say, only furthering their agendas toward socialism. I understand it will be difficult for millions of Americans to realize that they have been scammed by their own government, and many will still deny it. However, the global warming bubble was bound to burst sooner or later . . . that is what bubbles do.
A far greater threat for America is the Military Bubble that the government and administration has created. You haven’t heard of the military bubble? That’s because I am the first to coin the phrase. The military bubble is that which attacks our own men and women in uniform. The military bubble is what causes high ranking officers to throw the lower ranks to the wolves, saving themselves. Most recently, the three Navy Seals who captured Ahmed Hashim Abedm, the mastermind behind the murdering and mutilation of four American Blackwater Security personnel in 2004, who now are being brought up for court martial, because this coward Abedm, received a bloody lip when punched by one of the Navy Seals. Honorable Navy Seals, capturing a high risk target, only to be facing criminal charges . . . and the high ranking officers squirming away like little mice. But, there’s more to the story . . .
When U. S. Navy Snipers shot and killed the three Somalian pirates holding Captain Richard Phillips hostage last April, all praise went to “President” Obama as being the one who gave the order to fire . . . not so. Truth is, a high commanding officer who had grown tired of the hostage situation, gave the order to fire . . . not Obama. Now, the three Navy Seals are paying for that decision. How? This administration is sending a clear message that “they” are in charge . . . nobody else, and everyone will play by their rules . . . these brave Navy Seals are victims of a military-hating administration and have been abandoned by higher ranking officers who do not have the guts or courage to stand up for their own men against an administration bound and determined to lead America into an implosion. A murdering terrorist mastermind has filed criminal charges against American Navy Seals . . . the military bubble is growing.
The over the road trucking industry is no exception. Known by veteran drivers for years, this industry is filled with lies, deceit and fraud as well:
- The Truck Driver DAC Report
- The Owner Operator Lease Purchase Program
- The Driver Shortage Scam
- Government Subsidies Fraud
- Starving Out of Drivers
- Using CDL Students and New Drivers as “Cheap Labor”
I have discussed these issues many times, except for the Government Subsidies scam. Not only is this the most recent scam by those trucking companies who have their own CDL training schools, it is also fraud . . . fraud against CDL students and new drivers and fraud against the U. S. Government. There are at least 26 known government subsidy programs that trucking companies with CDL schools can apply for, in order to receive a check from the government for each CDL student they train. In order for the trucking company to receive this check, the student must stay with the company for a certain period of time. The amount of government subsidy ranges from $5000 to $10,000 per student, and I have even seen ranges as high as $30,000, but that figure could not be confirmed.
Once the student/new driver has reached this certain time period, they will then find themselves being starved out, or the company will find a way to terminate the student. Once removed, more students can be brought in and utilized in the same manner, in order to keep the government subsidies rolling in. These trucking companies CDL mills are nothing more than a profit center . . . more students . . . more free government money.
The secret behind this government subsidy fraud, is the tax code. By utilizing the tax code, many of the big “starter” trucking companies are able to haul their freight for nearly zero dollars, thus, raking in huge profits. The U. S. Government subsidizes these trucking companies CDL schools who participate in the program(s) to train the under employed or unemployed. The Government provides these companies with tax credits for hiring these CDL students and subsidizes their wages for the first year of employment. This tax credit is for every CDL student they “hire.”
The subsidy works along this avenue:
- 100% first 3 months
- 75% second 3 months,
- 50% third 3 months
- 25% final 3 months.
Therefore, if the CDL student can even stick it out for the full year, the U. S. Government pays half of the salary. With these starter trucking companies paying new drivers a low wage and receiving government checks that pay for the driver’s wages, no wonder these companies keep the driver shortage myth alive. But, this is not the end of the government subsidies fraud . . . there is also the depreciation factor set up within the tax code as well. Under this code as well, trucking companies can now deduct the entire cost of the truck from their corporate taxes. Therefore, the trucking companies with CDL school mills who operate within this fraudulent scam, now have free trucks, tax credits and employee wages . . . all paid by the U. S. Government with YOUR tax dollars. Fraud against CDL students . . . Fraud against the American tax payer . . . and Fraud against the U. S. Government.
Like the housing market bubble . . . like the global warming hoax bubble . . . the trucking bubble too, will someday burst. That is what bubbles do.
© 2009, AskTheTrucker. All rights reserved.
: Ahmed Hashim Abedm, Blackwater Security, bubble, Captain Richard Phillips, cdl mills, CDL schools, cdl training schools, court martial, fraud, global warming, government subsidies, hoax, housing, navy seals, scam, starter companies, subsidy, tax code, trucking, trucking companies
by Donna Smith
