Archive for the ‘Economy’ Category

After Joe Biden signed the executive order stopping construction of the Keystone XL Pipeline, it didn’t take long before he went to work on shutting down the energy industry. Pennsylvania Joe has had a bullseye on the Keystone State’s blue collar economy since early in the Obama administration.

Now he’s imposing stricter penalties against the energy industry:

Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top agency leaders could approve new drilling permits over the next two months. Next week, according to people familiar with the plans, Biden will go even further: suspending the sale of oil and gas leases on federal land, where the U.S. gets 10% of its supplies.

The actions sent oil producers’ stocks tumbling and raised blood pressure across the industry. “In the first couple of days of the new administration, they are taking actions that will harm the economy and cost Americans their jobs,” said Frank Macchiarola, a senior vice president of policy for the American Petroleum Institute. “We’re concerned, and everyone in the country should be concerned.”

This won’t help the US economy:

Let’s stipulate that we’d be all but officially out of the COVID recession if Nancy Pelosi hadn’t a) sabotaged the latest COVID relief package and b)negotiated in bad faith on that COVID relief package. Let’s not forget that GDP grew at 33.1% in Q3/2020. We were positioned to follow that up with double-digit growth in Q4 and 4%-6% growth in 2021. Those projections have disappeared thanks to Joe Biden’s payoffs to Democrats’ special interest allies, especially the environmental activists that rule the DNC.

Going from energy independence to reliant on Middle Eastern oil and Chinese solar panels isn’t just stupid. It’s dangerous in the longterm and hurtful in the short-term. When gas prices and heating bills spike, I’ll point back to 1//20/21 as the day that Joe Biden set this disaster in motion.

President Trump’s America First policies cared about middle class families. Joe Biden’s and Nancy Pelosi’s policies and tactics put the Democrats’ machine politics agenda first. Remember that the next time you vote.

President Trump’s Farewell Address to the Nation highlights why President Trump’s accomplishments will be difficult to match. Economically, it’s virtually impossible to imagine Joe Biden, or any other Democrat Socialist president, accumulating President Trump’s accomplishments. The first accomplishments were the most important.

Using the Congressional Review Act, the GOP Congress and President Trump jump-started America’s energy industry. As a result, the US is “the world’s number-one producer of oil and natural gas by far.” People are paying less for a gallon of gas. Their heating bills are less, too. That’s about to change because a) Joe Biden wants electric cars, b) John Kerry wants us back in the Paris Climate Accord and Biden is cancelling the Keystone XL Pipeline in the name of climate change, not because it’s good for the environment. The economy in Pennsylvania, Ohio and Michigan will needlessly crater.

The World Stage

  1. NATO nations are paying more for defending their nations, thanks to President Trump’s negotiating.
  2. A new trade deal is in place with China. NAFTA was ripped up, then renegotiated. The USMCA was put into place in NAFTA’s place.
  3. While he didn’t finish it, President Trump started bringing US medical supply chains back to the US. When COVID hit, we learned that China produced most of our antibiotics and PPE. That won’t happen because Joe Biden wants to raise these companies’ taxes.

Abraham Accords

Normalizing relations between Israel and the UAE and Bahrain was the first step. The next step was normalizing relations between Israel and Sudan. Now Morocco is joining the Abraham Accords.

In addition to the Abraham Accords, President Trump moved the US Embassy to Jerusalem. That happened early in his administration. Later in his administration, he recognized Israel’s sovereignty over the Golon Heights. Golon is key to Israel’s defenses.

The Crown Jewel

The pre-COVID economy was the best economy in US history. Blue collar wages were rising twice as fast as white collar wages. Consumer confidence was sky high. Small business confidence was, too. Durable goods orders and shipments were growing after years of stagnation. Wages rose because President Trump shut the US-Mexico border, drying up the low-skill labor pool. The unemployment rates for African-Americans, Hispanics and Asian-Americans hit record lows. The unemployment rate for women was the lowest in three-fourths of a century.

The low minority unemployment rates are partially due to Sen. Tim Scott’s Opportunity zones legislation. The other reason for those low unemployment rates is the Tax Cuts and Jobs Act.

COVID Vaccines

Operation Warp Speed was a sight to behold. People criticized President Trump when he said that they’d approve a COVID vaccine within a year. The ‘experts’ said it couldn’t be done. Pfizer and Moderna got their vaccines approved in less than a year. That was miraculous. Now that we’re reliant on politicians and bureaucrats, vaccinations have predictably slowed to sub-warp speed.

Joe Biden won’t fill President Trump’s shoes. In fact, it won’t be close. Biden has already announced that he’ll try killing the energy industry again:

The announcements will also include a sweeping order to review all of ex-President Donald Trump’s actions weakening climate change protections, the revocation of a vital permit for the Keystone XL oil pipeline project from Canada, and a moratorium on oil and gas leasing activities in the Alaska National Wildlife Refuge that Trump’s administration had recently opened to development, Biden aides said.

Expect gas prices to spike. Expect heating bills to rise within a year. It’s apparent that Biden doesn’t care about middle class families’ budgets. While wages stagnate thanks to Biden’s open border policies bringing in tons of cheap labor, expenses will rise thanks to higher gas prices and higher heating bills. Al Gore predicted what will happen to the Biden economy in this speech:

He said that “everything that’s supposed to be up is down. Everything that’s supposed to be down is up.” Under Biden, wage growth will stagnate. Under Biden, families’ expenses will go up.

It won’t take long before billboards start popping up with Trump’s face on them and the question ‘Miss me yet?’

Nancy Pelosi just admitted that she doesn’t care about the American people. CNN’s Manu Raju asked Pelosi if it was a mistake to not accept a smaller COVID relief package months ago.

Pointing her finger, Pelosi replied “I’m going to tell you something. Don’t characterize what we did before as a mistake, as a preface to your question, if you want an answer. That was not a mistake. It was a decision, and it has taken us to a place where we can do the right thing without other, shall we say, considerations in the legislation that we don’t want.”

In other words, she intentionally didn’t negotiate a COVID relief bill in good faith in order to defeat President Trump. Pelosi needs to be called out for being the snake she is. She’s as nasty as Harry Reid was. She doesn’t care that thousands of businesses went under. Pelosi and the Democrats don’t care that people lost their life savings. Pelosi and the Democrats don’t care because they defeated the best president of my lifetime.

Pelosi’s Democrats don’t care about what’s best for the USA. If they did, Democrats would’ve passed each COVID relief bill faster. In Pelosi’s Democrats’ minds, the people whose life savings were lost is simply collateral damage. It’s a statistic to be read, not a tragedy to be mourned.

Nancy Pelosi doesn’t care because she’s utterly cold-hearted. She can just go home to her $24,000 freezer filled with $14-a-pint chocolate ice cream. She can open a beauty salon to get her hair done, then close it down when she’s done using it. When it’s over and she’s been exposed, she insists that she’s the one that’s owed an apology.

Remember these things in 2022. The people who said that they were moderates voted for impeachment without a bit of eyewitness testimony. In 2018, many of them swore that they wouldn’t vote for Pelosi as Speaker. This week, they all voted to make her Speaker again.

During this crisis, Democrats put America last. They shut down small businesses and churches. They told the peasants not to travel. The mayor of Austin, TX, even videotaped the stay-at-home message from his timeshare in Cabo. There’s tons of proof like that showing how Democrats want you put down while they travel in private jets. Throw these America haters out the next time they’re up for re-election.

When I wrote this post, I was ahead of the curve in noticing that President Trump helped lots of Republicans win their elections. Stephen Moore, though, did a better job with this article because he went into detail. In Moore’s article, he wrote “So, how deep were the losses for the Democrats? In the U.S. House, Nancy Pelosi thought her troops would gain 10 to 12 seats. Instead, they lost, at last count, nine.” That count will likely stretch higher in the coming days.

Moore continued, saying “But the real carnage was in the state houses. Hold on to your hats; here is the latest from our allies at the American Legislative Exchange Council. The GOP gained a total of 192 House and 40 Senate seats. Republicans flipped control of three chambers.” This isn’t like 2010, when Republicans demolished Democrats, winning 63 net seats in the House while flipping literally hundreds of Democrat-held seats.

The Democrats’ goal was to increase their majorities in state legislative bodies so they could transform the redistricting process. Eric Holder was put in-charge of the project. That failed. Now they’ll have to win through the state courts what they couldn’t win through the ballot box.

As a result of these big and improbable wins, Republicans now have majority control in both House and Senate chambers in 31 of 50 states. Democrats have control in only 18 states. That’s a map of the USA that looks awfully red throughout middle America, with only the rusting Northeast and the West Coast colored blue.

What is truly stunning about this story is that Democrats and liberal/progressive donors (Michael Bloomberg, George Soros, Mark Zuckerberg, et al.) poured hundreds of millions of dollars into the states to take over legislatures with unprecedented spending in Florida, Texas and Pennsylvania. The American Legislative Exchange Council president, Lisa Nelson, estimates that Democrats outspent Republicans “at least 3-to-1 in the states.” And all they got was a lousy T-shirt.

The thing that Democrats keep missing is the fact that their policies don’t appeal to people. Whether it’s the regulations, defunding the police or rejoining the Paris Climate Accord, the Democrats’ policies put America last.

Donald Trump’s coattails mattered because he drove turnout. Joe Biden got more votes in big cities but that didn’t change the redistricting equation. Until Democrats start appealing to blue collar voters, the redistricting equation won’t improve for Democrats.

Listing President Trump’s accomplishments is a lengthier responsibility than Democrats admit. In virtually every category, there’s something historic to talk about. That’s why a Biden administration better tread lightly. That’s why President Obama’s legacy is getting belittled by serious people.

Economy

First, President Trump’s record is filled with historic accomplishments. President Trump’s policies directly resulted in the lowest minority unemployment rates in history. Wages for blue collar workers grew twice as fast as for white collar workers. Pre-COVID, consumer confidence and small business were at all-time highs. Best of all, people were leaving the poverty rolls in major numbers. That’s because President Trump listened to Sen. Tim Scott in implementing Sen. Scott’s Opportunity Zones provisions into the Tax Cuts and Jobs Act.

Next, President Trump worked with Congress to get rid of the Obama-Biden regulations that’d hurt the energy industry. That led to the US becoming energy independent and the largest energy producer in the world. (Under Obama, we were reliant on oil from the world’s hotspots. The result? Gas prices are cheap and home heating bills are affordable again.

Most importantly, President Trump started bringing our medical supply chains home while increasing medical manufacturing in the USA. As a result of CCOVID, we found out how reliant we are on China for PPE, the manufacture of antibiotics and other pharmaceutical products. Thanks to President Trump’s leadership and Peter Navarro’s work, those supply chains are coming home.

It remains to be seen if Joe Biden will continue with this or if he’ll foolishly reverse course. Biden’s biggest supporters are Wall Street financiers and globalists. That bunch hates President Trump’s America First policies.

COVID

I wrote here about the White House Fact Sheet on the actions President Trump took to combat COVID. It’s worth repeating some of the details of what he did:

  1. At the President’s urging, private companies shifted production to supplying masks, ventilators, hand sanitizer, testing supplies, and more.
  2. President Trump has acted under the Defense Production Act more than 30 times to ensure we have the supplies we need.
  3. President Trump understood early on that in order to defeat this virus once and for all and protect Americans, we need a vaccine and therapeutics.
  4. President Trump revolutionized the clinical trial process to ensure Americans get a safe vaccine as quickly as possible, by providing unprecedented investments in leading vaccine candidates to simultaneously produce them as they are tested and developed.

In other words, President Trump took actions that saved millions of lives. He used the DPA to build a national stockpile of PPE. Most importantly, he funded the vaccine that we’re only weeks away from getting.

Foreign Policy

President Trump demolished ISIS, stared down China, renegotiated trade deals, negotiated the Abraham Accords and put Russia and Iran in boxes. President Trump also killed Abu Bakr al-Baghdadi and Qassim Suleimani.

Mairead McArdle’s article highlights what most people figured out long ago. People figured out that Democrat-run cities and states are hell-holes that are best escaped from. Until cities like Seattle, Portland, Philadelphia and Minneapolis and states like Minnesota, New York, Oregon and Washington are allowed to disintegrate as a result of their progressive policies, they can’t be fixed. They’re simply impossible to fix.

McArdle opened her article by writing “Hundreds of thousands of New Yorkers have fled New York City since the coronavirus pandemic began in the spring, new data from the U.S. Post Office shows. A total of 295,103 city residents requested a change of address between March 1 and October 31, according to U.S. Postal Service data obtained by the New York Post under a Freedom of Information Act request.”

People are leaving New York like they’re selling toxic waste door-to-door. High taxes, higher crime rates and businesses shutting down are key contributors to this exodus. Another contributor is Gov. Cuomo’s lockdown mentality. Apparently, Gov. Cuomo’s side job is killing geese that lay golden eggs.

However, the actual number of New Yorkers who escaped the city this year is much higher than that since a single address change could represent an entire household, and the data from the Post Office does not include the many New Yorkers who have fled without officially changing their address.

This is the classic vicious cycle. Here’s why it’s happening:

New York once was a beautiful metropolis. It isn’t anymore. The chief explanation for the exodus is that NYC isn’t safe. Another explanation is that businesses are getting out of New York because NY’s taxes are too high. There isn’t an incentive to stick around.

In January, 2017 Joe Biden and Barack Obama were briefed on an illegal wiretap on the Trump transition team. This isn’t a rumor. Thanks to declassified documents, we know this with certainty. We know with certainty, too, that Biden wanted to know if the Logan Act of 1799 could be used to prosecute then President-Elect Trump. This came after Trump won election without controversy.

After that, Democrats spent the next 4 years lying about President Trump, making wild accusations about his campaign colluding with Russia. I wrote here that the Mueller investigation didn’t investigate a crime, making it an illegal investigation under the statute. The investigators knew from the moment they started that there was nothing to investigate. They knew that because the ‘investigators’ knew that the dossier subsource was a Russian agent. That should’ve stopped the investigation immediately.

Next, Democrats impeached President Trump based on hearsay evidence corroborated by deep staters. Adam Schiff’s articles of impeachment didn’t include a crime, much less a high crime. Saying that Democrats did their utmost to divide this nation is understatement. Now Democrats want the GOP to sing kumbaya? I don’t think so.

Further, while I want the US to succeed, that doesn’t mean that I’ll give Joe Biden the benefit of the doubt. That’s if he wins. That isn’t determined yet at this point. There’s still a bunch of lawsuits to be filed, each with lots of evidence. This video provides tons of detail:

Affidavits have already been signed in multiple states. These affidavits highlight systemic voter fraud, including postal workers being ordered to backdate late-arriving ballots. This still needs to work itself through the courts but the system seems to be in place.

If Democrats think that Republicans will forget the past, then they’re kidding themselves. I don’t want Republicans to turn into the conservative version of the Democrats’ Resistance that Kim Strassel wrote about. We don’t need to. It wasn’t too long ago that the out party from the White House was known as “the loyal opposition.” That meant cheering for our country without caving into the opposition party. That’s the type of patriotism I’d prefer. I’d prefer belittling Biden-Harris. Instead of naming major pieces of legislation like the Second Step Act, name it the Trump Second Step Act. Tim Scott’s police reform bill that Democrats filibustered should be named the Scott-Trump Police Reform Act.

I believe in the people unifying behind the Constitution, the Declaration and prosperity. If the politicians want to join, that’s fine. If they don’t they can get fired soon enough. The nation is infinitely more important than the politicians. Period.

Pete Buttigieg is a thoroughly annoying person. He’s also exceptionally dishonest. This article quotes Buttigieg as saying “He inherited the Obama-Biden expansion, slowed it down, but, the economy continued expanding until his disastrous handling of the pandemic–ran it into the ditch that it is [in] now in where we still have something on the order of 20 million Americans out of work.”

Democrats have tried peddling this BS for months. It’s time to expose it as BS. First, is Buttigieg saying that President Obama’s energy regulations created jobs while making the US energy independent for the first time in 75 years? Is Buttigieg saying that cutting corporate taxes didn’t lead those corporations to repatriate international profits that then triggered higher wages? Is Buttigieg saying that President Trump’s renegotiated trade deals didn’t have a positive impact on the economy? Finally, is Buttigieg saying that stopping illegal immigration didn’t have a positive impact on blue collar wages?

Then there’s this:

“President Trump’s idea of a good economy is one where the wealthiest are doing well. Joe Biden’s idea of a good economy is one where we all of us are doing well,” Buttigieg said.

This is dishonest. Income inequality shrunk during the Trump administration. It exploded during the Obama-Biden administration. This is how dishonest Buttigieg is:

The hole wasn’t created by mismanagement of the pandemic. It was created by the pandemic. Last Thursday’s GDP figure of 33.1% is a miracle compared with the pace that Obama-Biden achieved.

Simply put, Mayor Pete will never be president, partially because he’s dishonest, partially because he’s insufferable but mostly because he’s a know-it-all little punk who is wrong on the issues and has a failed record with African-Americans.

Implied in the title is that President Trump will win re-election. That doesn’t mean the presidential election is the only important election on Tuesday night. Republicans have a lengthy list of goals to achieve, starting with growing Mitch McConnell’s majority in the Senate and finally firing Nancy Pelosi as Speaker for the final time. It’s time to drive an electoral wooden stake through that vampire’s heart once and for all.

Earlier tonight, Joni Ernst and Mitch McConnell got great news when the final Des Moines Register poll showed Sen. Ernst leading her opponent by a 46-42 margin. Prior to that, Greenfield had led. But I digress.

It’s obvious that President Trump will win. Articles like this cement that impression:

Senior officials on Democratic presidential nominee Joe Biden’s campaign are increasingly worried about insufficient Black and Latino voter turnout in key states like Florida and Pennsylvania with only four days until the election, according to people familiar with the matter.

That’s quite predictable. Those voters are likely voting for President Trump or they aren’t voting. Joe Biden doesn’t excite them. This is the chief reason why:

Black voters didn’t forget that incident. This didn’t help either:

President Trump will have lots of support to implement the Platinum Plan for African-Americans and broad support for the American Dream Plan for Hispanics.

Once President Trump secures another term, Sen. Tim Scott’s police reform bill should become a high priority. Sen. Scott’s bill should’ve gotten serious consideration the first time it was proposed. Sen. Scott should make a public attempt to recruit Sen. Klobuchar and Sen. Manchin as co-sponsors. If they say yes, he’s 2 votes closer to passing his bill. If they don’t agree, then they have a major explanation to their state on the bipartisanship front. Further complicating things for Sen. Klobuchar is the fact that she represents Minneapolis, which wanted to dismantle its police department.

Democrats don’t dare oppose these plans in a serious way if they don’t want to be the minority party for the next decade. Republicans better jump on board, too, if they don’t want to get primaried. Implementing these deals would put Republicans in the driver’s seat for the mid-term future.

Bringing back more of the medical supply chain to the US should be a high priority, too. That was exposed as a national security vulnerability during COVID. That can’t continue to be a vulnerability. President Trump should push additional middle class tax cuts as part of the Platinum Plan or American Dream Plan, too. At minimum, push Democrats to help make the tax cuts permanent.

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.