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Nancy Pelosi’s statement after Friday’s jobs report sounds like the paranoid rantings of a lunatic stuck too long on an island. Let’s call this one ‘Pelosi Island’.

Pelosi’s statement starts by saying “May’s jobs report shows that strong employment numbers mean little to the families hit with soaring new costs under the Republicans’ watch. Republicans’ cruel, cynical health care sabotage campaign is already spiking families’ premiums by double digits and pushing millions off their coverage, according to the nonpartisan CBO. Big Pharma continues to hoard the benefits of the GOP tax scam, using their handouts to further enrich executives and shareholders instead of lowering prescription drug costs for seniors and sick kids. At the same time, the President’s reckless policies are exploding gas prices, wiping out the few meager gains that some families should have received from the GOP tax scam, as wages remain stagnant.”

Wow! Ms. Pelosi is totally bitter. First, if that Pelosi keeps showing up to criticize good news, Democrats might actually lose seats in the House. People don’t vote for sourpusses to run Congress. Next, she’s just flat wrong about wages remaining stagnant, The official BLS report said “In May, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $26.92. Over the year, average hourly earnings have increased by 71 cents, or 2.7 percent.”

The tax cuts, combined with the wage growth, more than offset the increase in gas prices. Factor in the 542 companies that gave their employees bonuses, improved their benefits or who contribute more to their employees’ 401(k) plan and American workers are far better off than they were during the Obama administration. It isn’t even close, in fact.

This paragraph is unintended humor:

Democrats know that the American people deserve A Better Deal, with Better Jobs, Better Wages and a Better Future. We are committed to creating millions of new good-paying jobs and raising wages, lowering the soaring cost of living for families and giving every American the tools to succeed in the 21st Century economy. Democrats will never stop fighting for the hard-working middle class families who are the backbone of our nation.

Denial isn’t just a river in Egypt. People abandoned the Democratic Party in 2016 because they finally found someone who’d fight for them, not Big Labor or Big Government. They left the Democratic Party in droves because of the Party’s focus on identity politics instead of pocketbook issues.

The Democrats still don’t have an appealing economic message, instead mumbling their way through a PR campaign about “a Better Deal.” That type of gibberish won’t appeal to anyone. Just watch this, then tell me what’s appealing about it:

Getting shipwrecked on Pelosi Island isn’t exactly appealing. In fact, Ms. Pelosi looks rather discombobulated.

IBD’s editorial on the state of the economy is great news for Republicans’ midterm hopes. It opens by saying “A new report shows that the median household income has climbed 3% since President Trump took office. It’s another sign of a strong economy, and at least one poll shows the public credits Trump for the good news. Should Democrats wave bye to the Blue Wave?”

After that, it mixes in statistics to strengthen its point. For instance, included in the article is the fact that the “latest IBD/TIPP Economic Optimism Index is 53.6. This index has been in positive territory (anything over 50 is optimistic) since Trump took office. The Quality of Life Index, meanwhile, hit a 14-year high in May and the Financial Stress Index is at an all-time low. Gallup’s tracking poll shows that 67% now say it’s a good time to find “a quality job in the U.S.,” which is the highest since Gallup started asking this question 17 years ago. The best this measure ever got under Obama was a paltry 45%. CNN’s poll finds that 57% now say ‘things are going well in the U.S.,’ up from just 49% in February. The latest CBS News/YouGov poll found that 64% rate the economy as somewhat or very good.”

This isn’t cherrypicking the only good news out of a gloomy economic report. This is reporting one bit of economic good news after another. The most important part is that President Trump and Republicans are getting the credit for these improvements:

But what must really concern Democrats is that 68% of the public now says Trump’s policies deserve at least some of the credit, according to the CBS poll. Thirty-five percent say he deserves a ‘great deal’ of credit for the current economy, while only 11% say he deserves none at all.

That isn’t good news for Democrats but that isn’t what should worry Democrats most. Here’s what Democrats should be most worried about. They don’t have a defense for unanimously voting against the Trump/GOP tax cuts. When the calendar flips to October and politicians make their final push towards the election, Democrats won’t have a legitimate defense for voting against the tax cuts. That’s precisely when most voters will finally start paying attention to the election and making their final decisions.

By the time the polls register that change, it’ll be too late for Democrats. Their political ship will have already hit the proverbial iceberg. Good luck with that.

That same poll found the Democratic advantage in the “generic ballot” at only +2 points. The latest Reuters poll has Republicans up by almost 6 points. As recently as March, Democrats had an average 9-point lead on this question, which is seen as an indicator of the enthusiasm for the two parties going into the midterm elections in November.

We’re heading into Memorial weekend. By the time Labor Day weekend rolls around, we’ll likely be looking at a significantly improved situation — for Republicans.

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The Democrats’ lead in the generic ballot polling is just the symptom of a bigger problem that Democrats haven’t addressed. Right now, Democrats don’t have a unified economic message. It’s fair to argue that they don’t have an economic message. This article doesn’t touch on the pickle that Democrats find themselves in, though it highlights a few important things.

For instance, the article quotes Hank Sheinkopf as saying “Every time [Democrats] deny the economy is starting to turn or get better for certain parts of the population, they also hurt themselves. They appear to be cheering on bad news.”

While it’s true that that’s the public’s perception, that isn’t the heart of the matter. At the root of the Democrats’ problem is the civil war between the Bernie Sanders socialists and the Bill Clinton capitalists. (Think Bernie on the former, Doug Schoen on the latter.) Democrats are in a can’t win situation because socialists have the energy, aka the enthusiasm gap, on their side, whereas the capitalists have the ability to work with Republicans on things.

Therein lies another problem. It’s impossible to be part of the Resistance while being willing to work with Republicans. I’m betting that it’s impossible for Democrats to retake the House if they’re fueled essentially by blind hatred of President Trump. Further, it’s difficult to be a Democrat when their leaders make mistakes like this:

I’m old enough to remember the fights between the Daily Kos and the DLC. This is a nationally televised fight between the Daily Kos and the DLC:

This fight happened in 2007. It started earlier. As part of his stump speech, Howard Dean used to say “I’m from the Democratic wing of the Democratic Party.” The point to all this is to highlight that this schism has existed within the Democratic Party for years. This isn’t a transient argument. That’s the definition of an existential argument.

Clearly, Trump’s policies are working. Consumer confidence is high. Unemployment is low, especially with African-Americans and Hispanics. The world is still volatile but prospects for stability are increasing. On Monday, the US Embassy in Jerusalem will open. There’s even a legitimate chance for denuclearization of the Korean Peninsula.

The point to all this is simple. If Republicans go on offense while highlighting President Trump’s economic and national security accomplishments, Democrats will have a difficult time. After all, you can’t beat something with nothing. At this point, all that Democrats have to offer is fear itself.

It isn’t surprising that Hillary isn’t honest. She’s pandered most of her life, saying outrageous things. After losing to Donald Trump, though, she’s taken things to a higher level. Art Laffer and Stephen Moore wrote this op-ed to highlight how little she knows.

They wrote “Hillary Clinton is being universally panned by Republicans and Democrats for her rant last week in India against Trump voters. She boasted, ‘I won the places that represent two-thirds of America’s gross domestic product. So I won the places that are optimistic, diverse, dynamic, moving forward.'” Then they showed her how wrong she is, saying “Here’s the evidence. Of the 12 blue states that Hillary Clinton won by the largest percentage margins, Hawaii, California, Vermont, Massachusetts, Maryland, New York, Illinois, Washington, Rhode Island, New Jersey, Connecticut, and Delaware, all but three of them lost residents through domestic migration (excluding immigration) over the last 10 years. In fact combined, all 12 Hillary Clinton states lost an average of 6 percent of their populations to net out-migration over the past decade. California and New York alone lost 3 million people in the past 10 years.”

Then they wrote this:

Now let’s contrast the Hillary Clinton states with the 12 states that had the largest percentage margin vote for Donald Trump. Every one of them, save Wyoming, was a net population gainer — West Virginia, North Dakota, Oklahoma, Idaho, South Dakota, Kentucky, Alabama, Arkansas, Tennessee, Nebraska and Kansas.

It isn’t just that the states gained population, either:

IRS tax return data confirm that from 2006-2016 Hillary Clinton’s states lost $113.6 billion in combined wealth, whereas Donald Trump’s states gained $116.0 billion. The Hillary Clinton states are in a slow bleed. That is in no small part because the deep blue states that she carried have adopted the entire progressive playbook: High taxes rates. High welfare benefits. Heavy hand of regulation. Excessive minimum wages. War on fossil fuels. These states dutifully check all the progressive boxes.

And the U-Haul company can barely keep up with the demand for trucks and moving vans to get out of these worker paradises. A recent Gallup Poll asked Americans if they would want to move out of their current state of residency. Five states had more than 40 percent of its respondents answer yes: They were: Connecticut, New Jersey, Illinois, Rhode Island and Maryland. Hillary Clinton country.

Maryland is the only state with an economy that isn’t tanking. That’s because it’s supported by the federal government.

Connecticut has raised income and other taxes three times in the last four years and still has one of the most debilitating budget deficits in the nation. The pension systems are so many billions of dollars in the red, they are technically bankrupt.

Even when it comes to income inequality, the left’s favorite measure of progressive success, blue states carried by Mrs. Clinton fare worse than red states. According to a 2016 report by the Economic Policy institute, three of the states with the largest gaps between rich and poor are those progressive icons New York, Connecticut and Massachusetts. Sure, Boston, Manhattan and Silicon Valley are booming as the rich prosper. But outside these areas are deep pockets of poverty and wage stagnation.

Socialism and crony capitalism don’t work. They should be scrapped immediately.

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In the aftermath of Friday morning’s jobs report, Jerry Brown’s statement seems positively foolish. Brown infamously tweeted “At a time of unprecedented political turmoil, Jeff Sessions has come to California to further divide and polarize America. Jeff, these political stunts may be the norm in Washington, but they don’t work here. SAD!!!”

What’s he talking about? The economy is hitting on all cylinders. Wages are increasing. Ditto with take-home pay. We might be on the verge of a major foreign policy breakthrough with North Korea. What’s the “unprecedented political turmoil” that Gov. Moonbeam is talking about?

The only possibility is that he’s talking about the state of turmoil that his state is in. California’s homelessness is at a historic high. There’s deficits for as far as the eye can see. The middle class is racing to get out of the state. The Democratic Party is selectively listening to the American people.

California just got rated last in the US in quality of life:

A 2017 Harvard University report said that one-third of renters in the Los Angeles area are “severely rent burdened,” meaning they spend at least half their income on housing. The median rent for a one-bedroom apartment in Los Angeles County has increased 67%, according to Zillow’s Rent Index, the Los Angeles Times reports.

Here’s the criteria they were judged on:

U.S. News ranked each state in seven other areas, which were weighted based on a survey that determined their importance to the public: health care, education, economy, opportunity, infrastructure, crime and corrections, and fiscal stability.

Then there’s this:

California finished No. 43 in fiscal stability, No. 46 in opportunity, and No. 38 in infrastructure. It posted relatively high marks in health care (11th), economy (4th), and crime and corrections (28th).

This is immoral:

Homelessness has surged a stunning 75 percent in the last six years, the Los Angeles Times reports, and there are now at least 55,000 homeless people in the county.


People are leaving California because it’s a total mess. Jerry Brown is easily the worst governor in California history. The next Democrat governor will inherit a crisis, which they’ll immediately make worse. When the rich pay 40% of their gross income, it’s safe to say that the formerly middle class get hammered. It isn’t a stretch to say that Gov. Moonbeam’s policies have made things worse.

That’s the location of today’s political turmoil.

Nancy Pelosi should be served a plate of crumbs after bad-mouthing the Trump-GOP tax cuts. This morning’s jobs report shows that the Trump-GOP economic plan is working.

The good news is that the “economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.” Further, economists “surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.”

Also noteworthy is Greg Peters’, senior investment officer at PGIM Fixed Income, statement that “the underlying economic growth is quite strong, but there’s no real pressures from a wages and inflation standpoint. It’s very good for risk assets.” It’s also encouraging to hear that construction “jobs led the way, with 61,000 new positions, followed by retail and professional and business services (50,000 apiece), manufacturing (31,000) and financial activities (28,000). Health care added 19,000 while mining saw 9,000 new jobs.”

The workforce participation rate improved to 63% while the unemployment rate held steady at 4.1%. Wages improved by 2.6%, though that didn’t meet expectations. Black unemployment dropped .8% to 6.9%.

By pretty much every metric, the Trump/GOP economy is performing at a high level. Most importantly, families are feeling the improvement.

It’s truly amazing what good policy will do for a political party’s fortunes. Put differently, good policy makes for great politics. It always has. It always will. The Democrats’ lead on the generic ballot question has officially disappeared.

That’s the verdict of “a new POLITICO/Morning Consult poll that, for the first time since April, also shows President Donald Trump’s approval rating equaling the percentage of voters who disapprove of his job performance. Fully 39 percent of registered voters say they would support the GOP candidate for Congress in their district, while 38 percent would back the Democratic candidate. Nearly a quarter of voters, 23 percent, are undecided.” With almost 9 months left until the midterm election, there’s time for several dozen more swings.

Still, there’s no disputing that Democrats lost ground after voting unanimously against the Trump/GOP tax cuts. What’s worse is that they’re caught in a difficult situation on DACA/immigration reform. If Democrats don’t make a deal on immigration, a major part of their base will be upset with them. What’s worse is that another significant part of their base will be upset if they do cut a deal with President Trump on immigration.

That’s what a damned-if-you-do-damned-if-you-don’t situation looks like.

I never took the ‘building blue wave’ talk seriously for multiple reasons. First, Democrats haven’t done enough to win back blue collar voters to expand their bi-coastal base. Until Democrats start taking blue collar workers seriously, they’ll be the minority party. It’s that simple.

Next, Democrats made huge strategic mistakes by unanimously voting against the Trump/GOP tax cuts. I can’t emphasize enough how that’s killing Democrats. What’s making that worse is Nancy Pelosi’s bone-headed “crumbs” statement:

That’s what being tone deaf sounds like. It’s this cycle’s “basket of deplorables” moment:

Later, Democrats made the mistake of unanimously voting for shutting down the government. Then Democrats compounded that by voting to re-open government by voting yes for the exact same bill that they voted against on Friday night. Talk about Keystone cops. This can’t make Tom Perez happy:

The new year has also produced a Trump polling bump. In the new poll, 47 percent of voters approve of the job Trump is doing as president, while the same percentage disapprove.

Just 6 short weeks ago, President Trump was in the upper 30’s. Now, he’s in the upper 40’s in terms of approval rating. These statistics can’t leave the DCCC smiling:

“Not only have Republicans increased support on the generic congressional ballot, they are now trusted more to handle the most important issue when voters head to the polls: the economy,” said Kyle Dropp, Morning Consult’s co-founder and chief research officer. “In mid-December, 39 percent of voters said they trusted Democrats more to handle the economy, compared to 38 percent who said Republicans. Today, 43 percent say Republicans and 32 percent say Democrats.”

That’s a huge swing in 2 months. With the economy growing and showing no signs of slowing down, it isn’t foolish to think that the generic ballot question might cast the Republicans in a more positive light by Memorial Day.

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This Reuters article reports that “Senate Democrats said they had identified more than two dozen buyback programs announced since Jan. 5 by banking, energy, manufacturing, retailing and other companies.” It continues, saying “The buybacks show that the first priority of corporations is to use their windfall from the tax overhaul to ‘line the pockets of powerful senior executives and shareholders,’ said Senator Ron Wyden, the senior Democrat on the Senate Finance Committee.”

My question to Sen. Wyden is simple: so what? After all, the money put into buyback programs doesn’t negate the benefits that employees have received through bonuses, pay raises and improved benefits. That’s what makes this statement so interesting:

The new tax law and its impact on workers and the wealthy are likely to play a major role in this year’s congressional mid-term election campaign, which will determine whether Republicans maintain their control of the Senate and House of Representatives.

That ship has sailed. Before the tax cuts were passed, Democrats held a 15 point lead in the generic ballot question in Monmouth’s monthly poll. In their first poll after the tax cuts passed, Democrats held a 2 point advantage.

The new tax law and its impact on workers and the wealthy are likely to play a major role in this year’s congressional mid-term election campaign, which will determine whether Republicans maintain their control of the Senate and House of Representatives. “The American people deserve an honest accounting of how this tax law is working,” he told reporters.

Knock yourself out, Sen. Wyden. Millions of people have benefitted from the Tax Cuts and Jobs Act. Millions of people got bonuses. Tens of millions receive more money in their paychecks as a result of lower marginal rates.

The other thing Democrats haven’t admitted is that the economy is much stronger than it was during the Obama years. They don’t care whether that’s the result of the tax cuts or if it’s the result of other policy changes. They’re just thankful the economy is stronger and wages are increasing.

It’s worth noting that Sen. Wyden is the idiot that criticized the tax cuts, saying that “There is no magical growth fairy”:

Apparently, the growth fairy union didn’t get Sen. Wyden’s memo. The economy is strong and strengthening. Sen. Wyden’s hatred of the Trump/GOP tax cuts have blinded him to the benefits people are experiencing.

Andy Puzder’s WSJ op-ed questions whether President Obama should take credit for the Trump Bump. In his op-ed, Puzder wrote “In 2010 the Obama White House forecast gross domestic product growth would ‘accelerate in 2011 to 3.8%’ and ‘exceed 4% per year in 2012-2014,’ consistent with the 4.3% growth rate in the other 10 recoveries since World War II. That never happened. Actual post-recession growth averaged an anemic 2.1%. And Mr. Obama’s last year in office saw measly 1.5% GDP growth—hardly the springboard to our current expansion.”

While Mr. Puzder’s GDP figures tell the story that economic growth during the Obama administration was anemic, that’s only part of the story. Besides tepid economic growth during the Obama administration, another hallmark of the administration’s economic record was wage stagnation. It’s difficult to argue that the wage increases that we’re seeing now are because of President Obama’s policies. Simply put, wages didn’t start increasing until after the Tax Cuts and Jobs Act passed and long after the Trump administration cut regulations.

Further, the fact that the administration said that GDP “growth would ‘accelerate in 2011 to 3.8%’ and ‘exceed 4% per year in 2012-2014′” indicates that these figures were either made up or that the forecasters were utterly incompetent. At this point, I’m leaning towards the figures were made up.

Austan Goolsbee has called Mr. Trump’s growth goals unrealistic. In May Larry Summers declared that accepting the Trump administration’s forecast of 3% GDP growth was like believing “in tooth fairies.”

Call me foolish but I think that 3% GDP has nothing to do with tooth fairies. It just requires the right policies. This is what happens when the right policies are put in place:

According to the Bureau of Labor Statistics, the number of people working full time increased by 2.4 million in 2017, compared with only 1.6 million in 2016. In other words, the overall number of jobs added was lower in 2017, but only because hundreds of thousands of people left part-time for full-time jobs.

Wages are up, too. The CEOs that are announcing these wage increases are attributing them directly to the Trump tax cuts. How can the Obama administration take credit to wage increases that happened because of a tax bill that President Obama hates?

Finally, there’s this information:

Both 2016 and 2017 set some year-end records. In 2016, BLS recorded the highest number of people working part time at year’s end since it began recording the data in 1968. In 2017, it recorded the highest number of people working full time at year’s end since 1968 and the fewest working part-time since 2011.

The good news is that President Trump’s policies are working beautifully. He’s unleashed the economy’s animal spirits. Don’t take my word on that. Just ask Art Laffer:

Dan Henninger’s column makes the case that Nancy Pelosi will be speaker of the House when President Trump delivers his next State of the Union speech. Henninger starts his column by saying “It was impossible not to notice that Nancy Pelosi spent President Trump’s 70-minute State of the Union speech grimly chewing her cheek. She was thinking: ‘What I know, and he doesn’t know, is that history says a year from now I will be speaker of the House, and he’ll be on the brink of impeachment.’ Odds are, she’s right.”

The problem with Henninger’s theory is that the Democratic Party has turned into the elitist party. When Ms. Pelosi called the bonuses “crumbs”, people noticed. Speaking this afternoon at the Republicans’ retreat in White Sulphur Springs, VA, President Trump said “And then we got hit with these corporations giving tremendous bonuses to everybody, the ones that Nancy Pelosi called “crumbs” — that was a bad — that could be like deplorables. Does that make sense? Deplorables and crumbs? Those 2 words seem to have a resemblance. I hope it has the same meaning. But she called it crumbs when people were getting $2,000 and $3,000 and $1,000. That’s not crumbs. That’s a lot of money.”

The reason why I think Henninger will be wrong is because Democrats have become so elitist that they’re totally unlikable. They’re so elitist that Democrats come across as not liking blue collar voters. It’s impossible to like environmentalists and miners simultaneously. It’s impossible to like tons of regulations and be friends of blue collar workers simultaneously. Check this out:

That image of Ms. Pelosi isn’t going away. The ads are already going into production. Next fall, Republicans will ask people if they think $1,000 is crumbs or if it’s a lot of money. The ads write themselves. As juicy as that is, that’s just the appetizer. Jazz Shaw’s post is the ribeye steak entrée:

The phrase “repeal and replace” is coming back into vogue, but this time we’ll be hearing it from the Democrats.

At first glance I had to double check to make sure this wasn’t an article from The Onion. But it’s really published at The Hill and deals with the Democrats’ overarching strategy heading into the midterms and perhaps even the 2020 elections. They’re counting on Americans being so unhappy with their “crumbs” from the tax cuts that they will ask the voters to give them control of Congress so they can repeal and replace the new tax law.

Just speaking from a talent standpoint, Democrats must be total idiots. Why would Democrats think that fatter paychecks, pay raises, bonuses and more generous benefits equal a great opportunity to repeal and replace the Trump/GOP corporate tax cuts?

Republicans should thank their lucky stars for this opportunity. When Democrats explain what they mean by repeal and replace, Republicans should ask Democrats why they’d want to raise taxes on the companies that have given literally billions of dollars worth of bonuses to tens of thousands of people? And if Democrats don’t explain what they mean by repeal and replace, Republicans should pressure them constantly until Democrats explain what they mean.

Mr. Henninger is right. History indicates that Republicans should lose a ton of seats in the House. Then again, never in history has the president’s party run against such a bunch of elitist idiots. I’d just add that patterns are patterns until they aren’t anymore. I suspect we’re watching the death of another pattern. Good riddance.