Archive for the ‘Economy’ Category

Joe Biden is up a paddle without a creek. He’s trying to convince America that we’re doing terribly when we’re actually starting to recover. Trish Regan’s article highlights some of the things that are going right:

For example, unemployment is coming down. Indeed, at 7.9%, it’s about half what people thought it would be at this time. Meanwhile, the economy is expected to log its highest growth in history this quarter, with the Atlanta Fed predicting a gain of 33%. Meanwhile, earnings are coming in strong as shown by both Goldman Sachs today, and JP Morgan Chase yesterday. Couple that with the new rise in small businesses optimism and a new poll from Gallop which shows that 56% of the country says it’s better off NOW than four years ago…and, well, things are increasingly seeming rather GOOD.

The 33% increase in GDP is real but it’s artificial, too. It’s artificial in the sense that it’s up from virtually nothing because of the shutdown. Though Joe Biden disagrees, things are heading in the right direction.

Let’s stick with the economy and see why it’s recovering. Mike Pence’s op-ed provides the right information:

President Trump delivered historic tax cuts and tax reform, majorly rolled back burdensome federal regulations, unleashed America’s energy sector, and fought for free and fair trade. Throughout our first three years, businesses large and small created nearly 7 million jobs, including 500,000 manufacturing jobs. Unemployment rates for African Americans, Asian Americans and Hispanic Americans hit their lowest levels ever, and we achieved the lowest unemployment rate for women in 65 years.

Check this out:

President Trump has put in place policies that created one of the best economies in the past half-century. When Democrats say that we’re going through “a K-shaped recovery”, they’re lying. By Joe Biden’s dishonest definition, a K-shaped recovery means that the rich get richer, the poor get poorer. According to Larry Kudlow, that isn’t happening. Wages are increasing faster for lower wage earners than for white collar income earners.

Vice President Biden doesn’t have a winning message on the economy. That’s why he hasn’t told the truth about it. He’s shifted his story on raising taxes multiple times in recent months. He’s said that he’d eliminate the Trump tax cuts, which included lots of middle class tax cuts. The Trump tax cuts also increased the per child tax credit. That was in his first debate with President Trump. Later in that debate, he said that he’d only raise taxes on those making $400,000 a year. You can’t have it both ways.

This article explains what’s happening in Minnesota. It’s long been known that Minnesota’s political landscape was changing. The last 4 years, though, have shown that the pace of change accelerated.

The article opens by saying “Ask Larry Cuffe why, after decades of voting for Democrats, he voted for Donald Trump four years ago, and he’ll talk about his distrust of Hillary Clinton and the need to get northern Minnesota’s mines back to work. Ask the former police officer why he’s sticking with Trump in 2020 and the list is very much longer.” The simplest way of putting things is by saying that President Trump has kept most of his promises to Blue Collar America. He hasn’t been perfect but he’s worked tirelessly to do what he promised. The political establishment hasn’t worked hard to support the lunchpail crowd.

Andrea Zupancich, a real estate agent and part-time mayor of the small city of Babbitt who also voted for Obama and signed the letter in support of Trump, twice testified to Congress that China dumping cheap steel on the US was killing her community. She said the imports drove down demand for iron ore from the mines around Babbitt which cost jobs, battered the local economy and drove people to leave the city. “We were pleading with Obama to do something about this. He started doing a little bit and then it just kind of fizzled,” she said.

Zupancich credits Trump for standing up to China by imposing tariffs on its steel that she says has injected new life into the industry in the US and the Iron Range. “The tariffs, that is causing an equal playing field for the selling of our steel, so we’ve noticed an increase in the mines’ production. We see that they’re hiring people, they’re putting money back into the mines. They’re planning on mining for a while,” she said.

The next time Joe Biden insists that President Trump took over a booming economy, then ruined it, throw this back in his face. The Obama-Biden administration hurt the Iron Range in northeast Minnesota and steel mill towns in Ohio and Pennsylvania.

President Trump got rid of the Obama regulations that revitalized the energy industry. Now we’re energy independent and energy dominant. President Trump imposed tariffs on China when they tried cheap steel into the US. It didn’t take long for China to stop dumping steel into the US. When the China steel dumping stopped, the Iron Range’s economy was revitalized. The Obama-Biden administration was mostly about career politicians flapping their gums. The Trump administration specializes in fixing economic problems.

“We are sitting on a half a trillion dollars’ worth of copper and nickel,” said Zupancich. “We import all our nickel whereas we could provide 90% of the world’s nickel and the state would really benefit. The mining taxes pay for our schools for the entire state.”

The plan ran into opposition from Minnesota Democrats over environmental concerns. To Zupancich it didn’t make sense if a ban on mining in northern Minnesota means the minerals then come from countries such as China or Russia with lower environmental and other standards.

Saying that Nancy Pelosi’s diatribe wasn’t her finest moment is understatement. Appearing on CNN’s The Situation Room, Nancy Pelosi lost her cool when Wolf Blitzer pushed her on the latest stimulus bill. During the interview, Pelosi said “What I say to you is, I don’t know why you’re always an apologist and many of your colleagues are apologists for the Republican position.” That’s rich. Calling CNN’s hosts GOP “apologists” is rich.

Pelosi wasn’t done, though. Next, she said “Ro Khanna, that’s nice. That isn’t what we’re going to do. And nobody’s waiting until February. I want this very much now because people need help now. But it’s no use giving them a false thing just because the president wants to put a check with his name on it in the mail.” Pelosi isn’t interested in compromising. She’s interested in saying no until she gets everything.

When she wasn’t lashing out at Blitzer, she lashed out at Democrats:

Andrew Yang, he’s lovely. Ro Khanna, he’s lovely. They are not negotiating this situation. They have no idea of the particulars

Then there’s this:

“What makes me amused, if it weren’t so sad, is how you all think that you know more about the suffering of the American people than those of us who are elected by them to represent them at that table,” Pelosi said.

What’s sad is having a rich San Fransisco hardline progressive living in a gated community telling people that they’re out of touch with people’s suffering. It’s really pathetic to see this:

As pathetic as that was, this diatribe is exponentially worse:

Seeing Pelosi screaming “We feed them” is kinda frightening. She was angry. Pelosi’s facial expressions said everything, though I thought it was interesting for her to say that President Trump’s $1.8 trillion package was “nowhere close to the good.” This partial paragraph speaks volumes:

In addition to Khanna and Yang, moderate Democrats in the bipartisan Problem Solvers Caucus have also been vocal in recent weeks about urging leaders to reach a deal to help Americans in need because of circumstances arising from the pandemic.

The Democrats on the Problem Solvers Caucus haven’t pushed any solutions. They’ve been spineless. Problem Solvers Caucus Democrats haven’t pushed Pelosi. She’s treated them like nuisances. That’s what she does with members of her caucus when they speak out against her.

It’s painfully obvious that Pelosi isn’t interested in negotiating with anyone. She’s pushed aside Mnuchin and Meadows, then the Problem Solvers Caucus, then Wolf Blitzer.

One of the things I look for during the Vice Presidential Debate is whether both people are ready to be commander-in-chief if, God forbid, something terrible happens to the president. Tonight, Mike Pence’s mastery of the issues and his calmness even when Sen. Harris criticized left no doubt whether he’d be able to step in and do a great job without missing a beat. That can’t be said of Kamala Harris. She was thrown off often.

On the issue of COVID, Vice President Pence talked about the Obama-Biden administration got everything wrong about the Swine Flu but lucked out because it wasn’t as deadly as COVID. Pence then said that 60,000,000 people got the Swine Flu, not the 7,500,000 who’ve gotten COVID. Pence then finished by saying that had the Swine Flu had been as lethal as COVID is, there would’ve been 2,000,000 deaths, not 210,000:

The other hard shot Vice President Pence landed was when he compared the Biden-Harris plan to the Trump-Pence plan:

Sen. Harris has a tell when she’s pinned down on something. She starts smiling that nervous smile. Then she shakes her head side-to-side like she’s saying no. She did that often after the first segment. As Vice President Pence took command of the debate, Sen. Harris did that at least once per segment.

Sen. Harris did that on tax policy. Sen. Harris especially did that on fracking. Sen. Harris got trapped often on policy, often saying ‘Vice President Biden has been consistent about’ or ‘Vice President Biden has been quite clear’ about a topic where he’d flip-flopped. This was especially true about the Trump tax cuts and fracking.

One thing that became clear throughout the debate was that Sen. Harris is very artificial. When she got ready for one of her pre-rehearsed lines, she’d look into the camera, then started speaking with a bit of a lilt in her voice. Sen. Harris’s pre-rehearsed lines were intended to be kill-shots. None of them had the impact that she’d hoped they would.

Vice President Pence’s training as a radio talk show host shined through. When co-debater Susan Page interrupted, Vice President Pence talked right through her and finished his point. Vice President Pence was a man on a mission and he was focused like a laser. That Page often interrupted him when he ran long didn’t bother him.

Perhaps Pence’s hardest-hitting line was when he criticized Sen. Harris, saying “The fact that you continue to undermine public confidence in a vaccine, if a vaccine emerges during the Trump administration, I think is unconscionable. Senator, I just ask you: Stop playing politics with people’s lives.

Vice President Pence was the only person on that stage that I’d trust to step into the job of commander-in-chief. Sen. Harris simply isn’t ready for that daunting assignment.

This morning, President Trump took to Twitter to taunt Nancy Pelosi into doing the right thing for the American people. President Trump tweeted “The House and Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support and 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!”

Pelosi is now in a can’t win situation. That’s why President Trump is considered a master negotiator. When he cut off negotiations on a COVID relief package, analysts of all political stripes said that he’d handed Democrats a political victory. Obviously, President Trump had this quartet of aces up his sleeve when he ordered Secretary Mnuchin and Chief of Staff Meadows to suspend negotiations.

That announcement yesterday sent stocks tumbling, with the DJIA finishing off 375.88. With this new plan, the DJIA (Dow Jones Industrial Average) is currently up 424.79, gaining back everything from yesterday, then jumping above the 28,000 mark.


Less than 30 minutes later, President Trump tweeted this:


Meanwhile, Democrats continue insulting President Trump:

This is behavior unbecoming of the Speaker’s office:

Nancy Pelosi (D-Calif.), in a call with Democratic lawmakers on Tuesday, floated the question of whether the steroids President Trump is taking to treat his case of the coronavirus led to his decision to endorse parts of a coronavirus stimulus deal just hours after telling his negotiators to walk away from talks.

“Believe me, there are people … who think that steroids have an impact on your thinking. So, I don’t know,” Pelosi said on a call with Democrats after Trump’s Tuesday night tweets, according to two sources.

What’s happening is that Pelosi has found herself boxed in again. Because she’s boxed in, she’s upset. If she doesn’t pass these standalone relief bills, she’s the villain to the airline industry, to people everywhere waiting for stimulus checks and to small businesses. That’s a disaster for Democrats up for re-election. It would likely hurt Joe Biden, too. If Biden doesn’t support President Trump’s plan and doesn’t offer a plan of his own, then he’s on the hot seat, too. More immediately, this becomes the hot topic for tonight’s Vice Presidential Debate.

This article tells the story of a leader whose followers followed him wherever he went. That leader’s name is President Donald J. Trump and his supporters’ actions aren’t the least bit surprising. In fact, they’re quite predictable.

The article starts by saying “They came from all over the country, determined to help their stricken president recover. Some had homemade signs, others held ‘GET WELL’ balloons and dozens brought bouquets to lay in front of Walter Reed National Military Medical Center, where President Donald Trump has been combating his own coronavirus infection since Friday.”

If Vice President Biden were forced to tell the truth about this outpouring of affection and appreciation, he’d have to admit that he’s jealous of President Trump’s steadfast, enthusiastic support. Most presidential candidates would pay top dollar (figuratively speaking) for that type of enthusiastic support. Now that President Trump has returned to the White House, one of the Democrats’ chief talking points is worthless.

Democrats insist that President Trump hasn’t taken COVID seriously. They’re lying when they say that and they know that. President Trump is taking some medications that’ve been developed since the start of the pandemic. Regeneron and Remdesivir weren’t available prior to COVID. In fact, they still haven’t received final FDA approval. These therapeutics are different than Operation Warp Speed, which relates to COVID vaccines.

If a vaccine is approved by the FDA before the end of this year, that will be the fastest start-to-finish approval of a vaccine in history — by a couple of years. This isn’t happening by accident. It isn’t happening despite President Trump not paying attention to COVID. It’s happening because President Trump is a) speaking in confident tones and b) making great decisions.

For those looking for soothing tones, they have a candidate. His name is Joe Biden. However, before picking him, realize that you won’t get just soothing tones with him; you’ll also get a terrible decision-maker. Robert Gates said that Biden “has been wrong on nearly every major foreign policy and national security issue over the past four decades.”

By comparison, President Trump’s decisions, especially on the economy, the Middle East and public safety have been right. Yes, you have to put up with his Twitter feed but I’m willing to sacrifice some annoying things in order to get great decisions on important issues.

Liz Peek’s article highlights Joe Biden’s substantive difficulties, especially with his proposed tax increases. In the article, Peek writes “The left-leaning Tax Policy Center estimates that Biden’s proposed tax hikes will mean a loss of income for all Americans, including those in the lowest-earning groups, since higher corporate taxes lead to lower wages. The TPC estimates that ‘For low- and middle-income households, the reduction in wages and investment income would, on average, more than offset the effects of Biden’s new tax credits’. Is that a desirable outcome?”

Economics has never been Biden’s strong suit. Forcing him to answer multiple questions about his tax plan might expose Biden’s weakness to suburban voters. Suburban voters have experienced wage increases during the pre-pandemic Trump economy. Will they vote for a candidate who’s promising tax hikes?

Another topic that’s scheduled to be talked about is “race and violence in our cities.” Here’s another paragraph from Peek’s article:

For instance, a recent poll showed that 68% of Black families are in favor of school choice. Campaigning in February, Biden claimed not to be a “fan” of charter schools. His unity task force platform reiterates Democrats’ opposition to “private school vouchers and other?policies that divert taxpayer-funded resources away from the public school system.”

President Trump is pushing hard for expanding school choice. How much of an effect will that topic have on minority voters? This is what he said Friday in Virginia:

There’s little doubt that Biden will criticize him for being a liar. If/when that happens, President Trump’s sharpest reply would be to highlight his signing the First Step Act into law, then asking Biden why he and Barack didn’t get that done. That would highlight Biden’s do-nothing DC career, which made him the perfect VP.

Last night on FNC, Juan Williams and Dana Perino were guests on the Democracy 2020 special hosted by Bret Baier and Martha MacCallum. One of the topics that the hosts brought up was the expectations game. Frankly, the segment was a waste of time for information-oriented people looking for pertinent information. That segment was more of a ‘shiny object’ segment than informational segment.

Let’s ignore the made-for-TV subjects and think about what’s important. Instead of watching for who met or exceeded expectations Tuesday night, I’ll pay attention for whether Joe Biden’s answers get less coherent during the final half of the debate. Also, I’ll pay attention to whether Biden loses his temper when President Trump brings up the Hunter Biden scandal. Will Biden actually defend Hunter or will he insinuate that this is just another Trump attempt to distract attention away from COVID?

What’s most important to me is whether President Trump compares his lengthy list of economic and foreign policy successes to Joe Biden’s list of hurting African-American families through the 1994 Crime Bill or by not getting the First Step Act passed to help African-Americans. I’ll watch to see if President Trump is able to highlight the Platinum Plan.

If President Trump gets to highlight the Platinum Plan, that will be a major breakthrough for his campaign because a) Biden doesn’t have a plan to lift black families out of poverty or b) start minority-owned businesses. The Platinum Plan also offers school choice to black families.

Since President Trump just introduced the Platinum Plan this past Friday, the debate would be the perfect time to let the entire nation know about it. Biden is certain to criticize President Trump as a racist. If/when that happens, President Trump’s best rejoinder would be to rattle off the main selling points of the plan:

  1. increase access to capital
  2. fuel Black owned businesses
  3. cut taxes
  4. increase education opportunities (aka school choice)
  5. lower the cost of healthcare
  6. further criminal justice reform
  7. make Juneteenth a National Holiday
  8. prosecute the KKK and ANTIFA as terrorist organizations
  9. make lynching a national hate crime.

I’m betting Biden isn’t prepared to reply to those specifics. If Biden accuses President Trump of being a racist, President Trump should then ask Biden what his plan for improving African-Americans’ lives is, then ask him why he didn’t enact it during his first 40 years in politics. That would likely stop Biden dead in his tracks.

Joe Biden’s Build Back Better Plan looks a lot like a baby’s unchanged diaper. The MSM isn’t interested in telling you what Joe Biden’s agenda will be so I’ll investigate. Under the heading of “JOE BIDEN’S JOBS AND ECONOMIC RECOVERY PLAN FOR WORKING FAMILIES”, we find “Even before COVID-19, the Trump Administration was pursuing economic policies that rewarded wealth over work and corporations over working families. Too many families were struggling to make ends meet and too many parents were worried about the economic future for their children. And, Black and Latino Americans, Native Americans, immigrants, and women have never been welcomed as full participants in the economy.”

What a bunch of BS. Joe Biden isn’t capable of telling the truth. First, the unemployment rate for minority communities reached historic lows during President Trump’s first 3 years. Further, wages for those at the bottom of the pay scale were increasing at twice the rate of their supervisors. In other words, Joe Biden is lying. Then again, the Obama-Biden administration had to tell some whoppers to rationalize their record.

Third, the unemployment rate for women dropped to the lowest rate since the 1950s. Not just that but women’s wages grew rapidly, too. Again, Joe Biden is allergic to the truth. Come Tuesday night, the Trump rapid response team will have their hands full fact-checking Joe Biden. This is rich:

The Biden plan will mobilize the American people in service of four bold, national efforts to address four great national challenges. As President, Biden will:

Mobilize American manufacturing and innovation to ensure that the future is made in America, and in all of America. We’ve seen the importance of bringing home critical supply chains so that we aren’t dependent on other countries in future crises. But Biden believes we can’t stop there — he is releasing a plan today to build a strong industrial base and small-business-led supply chains to retain and create millions of good-paying union jobs in manufacturing and technology across the country.

President Trump has already done this. By voting for NAFTA, Joe Biden voted to ship good-paying middle class jobs to China, Mexico, Vietnam, South Korea and India. Now he wants us to believe he’s suddenly seen the light? I don’t buy it. Biden even blames George W. Bush for NAFTA:

I might be wrong on that. Joe Biden might think that it’s George H.W. Bush’s fault, even though NAFTA wasn’t confirmed until the Clinton administration. At this point, I’m not sure Biden could differentiate between the 2 Bush administrations.

Joe Biden’s economic plan is mostly platitudes. It isn’t really a plan.

Think of President Trump’s Platinum Plan as President Trump’s in-your-face attempt to compete with Joe Biden for the African-American vote. First, this isn’t pandering. It’s an honest attempt to improve the lives of African-Americans. Next, the 4 pillars of President Trump’s plan are “‘opportunity,’ ‘security’ ‘prosperity’ and ‘fairness’ for the Black Community.”

Specifically, the Platinum Plan “designates the KKK and Antifa as terrorist organizations and calls for making lynching a national hate crime, while pledging to increase access to capital in Black communities by nearly $500 billion.” Further, President Trump’s Platinum Plan will “will increase access to capital, fuel Black owned businesses, cut taxes, increase education opportunities, lower the cost of healthcare, further criminal justice reform, make Juneteenth a National Holiday, prosecute the KKK and ANTIFA as terrorist organizations, and make lynching a national hate crime.” Exit question: Did the Obama-Biden administration ever propose a plan like this? If they didn’t, why didn’t they?

School Choice

“While Joe Biden has bowed down to left-wing teachers unions at the expense of struggling students, President Trump has fought to give children across America access to school choice and quality education,” said Dr. Linda Lee Tarver, Black Voices for Trump Advisory Board Member. “We need a leader like President Trump who understands the crisis facing America’s public schools, not a career politician like Joe Biden who supports the failing status quo.”

Joe Biden is the status quo candidate. It won’t take long for African-Americans to figure out which presidential ticket has a plan to improve the lives of their community and which ticket is just more of the same failed policies that’ve kept African-Americans on the Democrats’ plantation.

Joe Biden doesn’t have a plan like that. Let’s see how Democrats like competing with Republicans for African-American votes. I think they won’t take it well.