Archive for the ‘Economy’ Category

When Mitch McConnell and Kevin McCarthy got together to write this op-ed that the WSJ published, they definitely tag-teamed Nancy Pelosi. Their opening paragraph definitely was the tempo-setter for the article:

President Trump and the leaders of Canada and Mexico announced the most significant trade deal in a generation a year ago this week. The U.S.-Mexico-Canada Agreement is unambiguously a win for America. It would create new jobs, expand export markets, strengthen protections for workers, and generate billions of dollars in new prosperity. The USMCA would also help keep North American partners close while the U.S. hangs tough with China.

It wasn’t until the third paragraph that McConnell-McCarthy brought out the sharp elbows:

Under pressure from progressives to deny the country any successes during the Trump administration, Speaker Nancy Pelosi has tried to run out the clock on the USMCA. Leading House Democrats frequently claim to support the deal in the abstract but have spent months finding one excuse after another to delay passing it.

After that, their elbows get significantly sharper:

The administration has worked tirelessly to address these shifting objections. It’s time for Mrs. Pelosi’s delay tactics to end. House Democrats need to put the country first and stop blocking this significant victory for the American people. The USMCA isn’t some political football. It’s a critical piece of economic policy. Its enactment or failure will have life-changing consequences for workers. Twelve million American jobs rely on trade with our northern and southern neighbors, according to the U.S. Chamber of Commerce. Mexico and Canada together represent a $500 billion export market for the U.S. They buy one-third of the goods America exports, plus tens of billions of dollars more in services.

Pelosi knows that she cant hold her majority if they don’t have any accomplishments. If she can’t put together the votes to ratify, then voters will know what today’s Democrats emphasize economically, which is socialism.

Frankly, the Resist Movement hasn’t helped Democrats going into this presidential election cycle. Resist has pushed for impeachment and hating Trump. That’s led to nothing in terms of accomplishments. When Republicans face the voters, they’ll rattle off an impressive list of accomplishments. When Democrats face the voters, they’ll be able to say ‘We impeached President Trump.

If anyone thinks that Democrats stand a fighting chance of winning swing districts, they’re kidding themselves.

The disparity between House Democrats and Senate Majority Leader couldn’t be more different. Sen. McConnell’s pro-growth economic agenda stands in stark contrast with Speaker Pelosi’s all-impeachment-all-the-time agenda in the House. Monday morning, Sen. McConnell sat down for an interview with the folks from CNBC’s Squawk Alley on his economic agenda. One of the things that Sen. McConnell talked about was the USMCA:

The argument for USMCA is very, very compelling, you know: 176,000 new jobs, $68 billion increase in gross domestic product, we have 12 million jobs already related to our trade relationship with Canada and Mexico. So I think it is going to be pretty hard for her not to take it up, even though voting for a Trump trade deal, I gather, is a bitter pill for them.

It’s difficult enacting many bills when you hate President Trump. Things would be so much easier if Democrats put our nation first instead of putting the Resist Movement first.

Let’s highlight the obvious. The economy is being held back by the trade war with China but it’s still growing at a faster pace than anything that Obama achieved or that Sen. Warren’s policies would achieve if enacted. If you think that puts Sen. Warren or President Obama in a favorable light, the average person whose wages have increased and whose 401(k)s are much healthier disagree.

Here’s what Sen. McConnell said about the Republicans’ economic agenda:

What I want to do is spend our time accomplishing things for the American people. USMCA, as Leader McCarthy and I pointed out in The Wall Street Journal today, is something we can agree on, something we ought to do. It makes a difference for the American people. The House spent the last three years harassing this president, and I gather we’re going to get another chapter of that with the impeachment episode. But we need to find other things that actually make a difference for the American people and try to accomplish as much as we can. That’s what I want to do, and that’s what we’re in the process of trying to encourage the House to do by taking up USMCA.

That’s something that the Do-Nothing Democrats haven’t paid attention to. This batch of Do-Nothing Democrats have wasted too much time chasing their ridiculous impeachment nightmare. What’s frightening is that the Democrats’ presidential candidates sound just as nuts. Here’s the entire interview:

Liz Peek’s op-ed highlights why President Trump’s approval rating with Hispanics is improving. This isn’t accidental. It’s easily explainable.

Peek’s article highlights the fact that “since 2016 the country has added 5.2 million jobs, of which 4.5 million went to people of color. The Washington Post reported that this is the first time in the country’s history that minorities were winning most of the new jobs being created. Hispanic unemployment is currently 4.2 percent, the lowest ever recorded.”

It turns out that the NYTimes reporter covering President Trump’s New Mexico rally was surprised with what she found:

A New York Times reporter was clearly baffled by this turn of events as she ventured to cover the president’s recent rally in New Mexico, where 47 percent of the electorate is Latino. Jennifer Medina was shocked to find large numbers of Hispanics who had waited in the sun to greet the president, and whose “identity was something of an afterthought.”

She met Latino Trump supporters who backed his position on illegal immigration, and who felt that “We need to take care of the people who are already here.” They were not, she reported, “single-issue voters,” which seemed to surprise the Times writer. Those proudly announcing themselves as Latinos for Trump also tended to favor his position on abortion, his appointments of conservative judges, and defense of gun rights.

In other words, Democrats aren’t reading the Hispanic people correctly.

Against these achievements, Democrats are campaigning on open borders and on-demand abortion up until birth. These and other positions which could threaten our robust economy, like the Green New Deal or raising taxes on middle-class voters to fund single-payer health care, will alienate those who are increasingly benefiting from our capitalist system.

Reality check for Democrats. Count the number of smiling faces in the crowd at President Trump’s rally in Rio Rancho, MN. Then count how many of those smiling faces are plastered on the faces of Latina women:

I know that these pictures can be orchestrated and often are. Usually, though, those orchestrated shots don’t have everyone in sight looking like the targeted audience. The people behind Trump’s audience are sending a message. There’s one 1 white male in the audience that I counted. The other men in the audience were Hispanic. The rest of the audience were women.

We’re told by Democrats that Hispanics coming illegally across the border are coming for a better life for their families. I don’t doubt that. If that’s true, though, why wouldn’t Hispanics, whether they’re here legally or illegally, love the Trump economy? Democrats can’t say that Hispanics are coming here for a better life, then say that they hate this booming economy.

According to this article, Democrat activists have pushed Angie Craig into supporting President Trump’s impeachment. Ms. Craig hasn’t been a portrait in courage since getting elected. Instead, she’s been part of the Do-Nothing Democrat Caucus since its inception. To her credit, Craig has admitted (in a roundabout way) that President Trump’s economy is working but that government is failing to provide Minnesota’s workers:

We have a major skills gap in the Minnesota job market. Minnesota employees cannot find the skilled workers they need with the right qualifications, and right now job seekers are having a difficult time getting the skills they need for the high-paying jobs that are available today. College isn’t the right path for every student and we shouldn’t be limiting the options of Minnesota students by underfunding or de-emphasizing technical education and career skills programs.

If employers are having a difficult time finding workers with the right qualifications, that’s an endorsement that President Trump’s economy is working. It’s also an indictment that government isn’t doing its job of training students to be productive members of the workforce. But I digress. That’s a topic for another day.

Far-left activists and politicians have been demanding the impeachment of President Trump since the first day he got elected. The problem is that according to a recent poll by Monmouth University only 35% agree that President Trump should be impeached.

University of Minnesota Professor Richard Painter who previously challenged Tina Smith for the US Senate in the Democratic Primary raised some eyebrows when he implied he was unhappy that he didn’t feel that Angie Craig was aggressive enough on impeaching President Trump.

No problem for Angie Craig:


All it took for Angie Craig to admit that she’s pro-impeachment was getting called out by a far left activist. If that isn’t a profile in courage, what is? Angie Craig is an empty pantsuit. How left is Richard Painter? This far left:


Angie Craig is now admittedly pro-impeachment and pro-single-payer health care. Whoever is the Republicans’ candidate against Craig should remind voters of those 2 things morning, noon and night every day through Election Day, 2020. I’ll buy that CD-2 is shifting demographically. I don’t buy that they’re shifting to a hard-left district that’s as far left as MN-04 or MN-05.

During President Reagan’s administration, Dutch coined a phrase that Democrats should consider adopting. Dutch’s phrase was (pretty close, though not verbatim) ‘It’s amazing how much you can accomplish when you don’t care who gets credit for doing what.’ President Reagan’s battles with Speaker Tip O’Neil were epic. Still, they figured out ways to accomplish big things despite their oft-heated relationship. They passed the Kemp-Roth tax cuts that energized the US economy after 4 years of malaise under Jimmy Carter. They worked together to rebuild the US military after Carter’s budgets hollowed out the military, both in terms of personnel and in terms of parts for military hardware.

The point was that Tip O’Neil and Ronald Reagan figured out a way to work together. They worked together because Tip O’Neil put a higher priority on improving Americans’ lives than he put on resisting. They worked together because President Reagan put a higher priority on fixing the US than he put on winning the next election.

That doesn’t fit into the Democrats’ strategy. Today’s Democrats don’t put a high priority of giving a little and getting a little. Today’s Democrats don’t give. Instead, they insist on getting everything they want without giving Republicans anything that they want.

It’s time to coin this new phrase: ‘It’s amazing how a handful of nutjobs can demolish a pro-American agenda’. Does anyone seriously think that we’ve only got 12 years left on this planet? Does anyone seriously think that opening our borders, then giving illegal immigrants free health care and virtual citizenship is wise?

Americans face a choice. The best thing for Americans would be for Democrats to cooperate with Republicans where both sides get things that they want. If Democrats don’t cooperate with President Trump and House and Senate Republicans, that puts the blame for substandard public safety, out-of-control human trafficking, aka sex trafficking, and not participating in building a robust economy. If that’s the option Democrats choose, which increasingly looks like their choice, then the American people face a choice of whether they’ll re-elect a bunch of Do-Nothing Democrats next November that’ve done nothing to make Americans’ lives better and who haven’t kept any of their 2018 campaign promises on health care or the economy or whether they’ll elect GOP majorities in the House and Senate to work with President Trump in building a prosperous, safe United States.

Democrats need to ask themselves if they want to be Americans first or Democrats first. If Democrats opt for the latter, then they’ll deserve a butt-kicking. Unfortunately, I’m betting that the Democrats opt for the latter. There’s certainly more proof that they put a higher allegiance to their party than to this nation.

When Republicans cut taxes in Trump’s first year in office, all House Democrats and all Senate Democrats voted against the Tax Cuts and Jobs Act. Couple the Trump/GOP tax cuts with the regulations that Republicans removed and you’ve explained why the economy is so strong. Every Democrat voted against prosperity as part of the Resist Movement.

That’s why Democrats must be defeated next November. They literally don’t have any accomplishments since President Trump took office. It’s impossible to point to any problems that the Democrats have solved. Why keep people in office if they don’t solve problems? A little less than 4 minutes into this interview, Kevin McCarthy went through the Republicans’ priorities if they their House majority back. I think it’s quite the appealing agenda:

Doesn’t that sound much better than just resisting? Isn’t that better than what the Do-Nothing Democrats have done lately?

Salena Zito’s latest column highlights what I think will be one of the biggest issues of the 2020 election cycle, in both the presidential election and in congressional races. The title of Ms. Zito’s column is “The crackers and frackers could hold the keys to 2020”. I’ve said for awhile that I think they will be one of the biggest issues in the race.

Democrats are in a difficult position. If Democrats side with Tom Steyer and AOC, they’ll lose the people who used to be the heart and soul of the Democratic Party, the industrial unions like the Pipefitters, the UAW, the USW and other major unions. If Democrats side with these unions, Tom Steyer stops writing checks for their campaigns.

Republicans don’t have such conflicts. They can support fracking without hurting their standing with other interest groups that support the GOP. The great news is that Republicans can boast how they support great-paying blue collar jobs that are helping rebuild close-knit communities in major battleground states like Pennsylvania, Ohio and Michigan.

All Darrin Kelly wanted for the energy workers in Western Pennsylvania was that the Democratic presidential hopefuls would talk to them before going to war against shale. That opportunity slipped away last Friday when Elizabeth Warren joined Bernie Sanders in calling for a total fracking ban. “On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil-fuel leases for drilling offshore and on public lands. And I will ban fracking — everywhere,” Warren tweeted.

“It is disappointing that any national candidate would not come in here and want to talk to the men and women of this area first before unilaterally making that decision,” said Kelly, a charismatic Pittsburgh firefighter who is also the head of the powerful and influential Allegheny Fayette Labor Council. They represent workers stretching from Pittsburgh to the borders of Maryland and West Virginia.

It isn’t just Bernie and Warren that’ve abandoned blue collar America. Joe Biden ditched them, too:

Biden denied the donor’s association to the fossil fuel industry before calling the young woman “kiddo” and taking her hand. He said, “I want you to look at my eyes. I guarantee you. I guarantee you. We’re going to end fossil fuel.

“There you have it. Blue Collar Joe just said that he’ll stop the fossil fuel industry. Then there’s this:

Trump’s magic came in rural and post-industrial counties such as Luzerne and Erie, but most importantly in the populous counties around Pittsburgh, where shale is king and fracking is seen as the second coming of the steel industry.

They may look like ordinary construction cranes to someone unfamiliar with the history of this region. But if you’re from here, they look like something different. Building the ethane cracker plant, each of these cranes looks like a new colossus rising from the ashes of yesterday’s despair.

Building the plant has brought in 6,000 good-paying jobs, with more to come. Ultimately, there will be 600 permanent jobs at the plant, with industry analysts predicting triple that amount in supporting industries.

Jobs postings are everywhere touting opportunities, no matter the skill level — high school education, trade school certificate, chemists, engineers, IT, labor. If you reliably turn up for work, there is likely a career for you in the oil and gas industry.

Let’s remember this: In 2016, then-candidate Trump promised he wouldn’t forget their communities. In 2020, he’ll return with the campaign slogan of promises made, promises kept.

The rebuilding isn’t complete but it’s been started, thanks to President Trump’s policies. President Trump identified the Obama administration’s anti-coal regulations as one of the things killing the energy industry. Thanks to the Republicans’ use of the Congressional Review Act, which they used 16 times, and the Trump/GOP tax cuts, communities are rebuilding. Under Obama/Biden, those communities were forgotten.

Last week, the Democrats, both those running for president and those activists in the MSM, repeatedly talked about the looming recession. At last night’s third Democrat presidential debate, hardly a word was said about the economy. Chief Washington Examiner Politics Correspondent Byron York notice that the subject of the economy didn’t make an appearance at the Democrats’ third presidential debate. Amazingly, ABC moderators didn’t ask a single question about the economy, either.

How can you have a 3-hour-long debate and not talk about the topic that most people want to talk about? That’s journalistic malpractice. In his article, York wrote “at the Democratic Party’s first one-night presidential debate, the first opportunity to showcase the party’s ten leading candidates, what role did the nation’s widespread economic anxieties play? Almost none. The candidates simply didn’t talk about it. (Nor did the ABC News moderators ask.) The word “recession” was uttered just once in the entire debate. (By Julian Castro, who noted the poll’s finding of recession fears.) Nor was the word “unemployment” ever spoken. Nor was there a discussion of job creation. Nor was there much of a discussion of wages.”

It’s almost as if ABC got the word from their boss (in this instance, DNC Chair Tom Perez) to not talk about the subject. I’m not accusing Chairman Perez of that. I’m merely stating that it’s as if Perez did that. It isn’t like Clintonista George Stephanopoulos was ever accused of rigging a debate by his former bosses. Oh wait. He has:

BRZEZINSKI:Jonathan Capehart, help me understand, tell me if I’m going down the wrong path here. It appears the Clinton campaign wants to do either a debate that no one will see, or a debate with a moderator that might not be completely fair towards Bernie Sanders. What do you think of the concept of a GMA debate with George Stephanopoulos.

Democrats understand that it’s virtually impossible to convince people that are spending extra money at Walmart because their take-home pay has increased thanks to the Tax Cuts & Jobs Act and because pay has increased by 3% over the past year. It’s easier to talk about ‘Democrat’ issues like health care and gun confiscation. DNC Chairman Tom Perez, in an attempt to spin what happened, said that health care is an economic issue:

Sorry, Tom, but creating jobs, tax policy, regulatory policy and rebuilding communities through a solid, comprehensive economic package qualifies as a discussion on the economy.

Let’s be blunt about something. Today’s collegiate-aged socialists aren’t too bright. Let me rephrase. A high percentage of them are downright stupid. Even more are historically ignorant. Victor Davis Hanson’s latest article offers proof of that accusation.

Progressive elitism is best seen on college campuses, where tuition costs rise at higher rates than everything except health insurance premiums after passage of the ACA. Meanwhile, the students’ bang-for-their-buck-ratio hasn’t positively increased in ages. That’s directly attributable to the ratio of junk degrees to worthwhile degrees. That, in turn, has led to mountains of student loan debt. Let’s pick up Prof. Hanson’s article at that point:

College-educated Americans collectively owe an estimated $1.5 trillion in unpaid student loans. Many of these debtors despair of ever paying the huge sums back. Canceling debt is an ancient socialist rallying cry. Starting over with a clean slate appeals to those “oppressed” with college loans.

A force multiplier of debt is the realization that many students borrowed to focus on mostly irrelevant college majors. Such degrees usually offer few opportunities to find jobs high-paying enough to pay back staggering obligations.

In other words, the federal government spent too many advertising dollars insisting that students would face desolation with degrees from 4-year universities. As a direct result of that dishonesty, students took out billions of dollars in student loans for Masters Degrees in Social Responsibility or one of the complaint degrees. (Think anything with the word Studies behind it.)

There’s a way to eliminate these degrees but it requires a spine, either from politicians or administrators or both. In other words, what’s required falls on the shoulders of students and parents because relying on politicians and pointy-headed academicians is foolish. The best way to prevent the elimination of $1,500,000,000,000 in student loan debt is by telling high school students that there are tons of great jobs paying lots of money that a) don’t require college degrees and that b) won’t require taking out $100,000 in student loans.

Just to stick the shiv in a little deeper, remind them of Cousin Alan, who graduated with a degree in Social Justice, has $75,000 in outstanding student loans and who now flips burgers at McDonalds for $8.50/hr.

Thanks to this strong Trump economy, lots of students with tons of student loan debt can find jobs that will pay off their loans faster. I’m serious when I say “Good for them.” I literally want everyone prospering. The difference between me and Democrat elitists like Elizabeth Warren is that I don’t care if there’s a disparity between what they make & what I make. Income inequality isn’t that big of a deal as long as I have a roof over my head, food to eat and enough to enjoy life a little.

Socialists haven’t figured out that socialism is a con. It sounds good but it fails every time it’s tried. At some point, shouldn’t socialists realize that they’re playing a rigged game? The game is rigged because, with socialism, there isn’t a middle class, which means there isn’t upward mobility. Whether you’re talking about the Iron Range in northeastern Minnesota or the former Soviet Union, socialism requires a system where there are oligarchs and there are poor people and nobody in between. Put differently, with socialism, you have 2 classes: the haves and the have nothings.

Finally, voting for Democrats isn’t the solution, as shown in this interview:

Voting Democrat to solve the problem is like hiring an arsonist as a consultant to the fire department. It’s outright stupidity.

After reading just a few paragraphs of this article, the first question that popped into my mind was whether consumers were wiser than Wall Street. I know that isn’t a fair question but I think it’s pointing to a simple reality.

First, it’s apparent that the Trump/GOP tax cuts, aka the Tax Cuts and Jobs Act, have really worked. As long as people see the extra cash in their paychecks, consumers will spend money. It isn’t that Wall Street’s jitters about President Trump’s tariffs are unwarranted. It’s that consumers worry more about whether their jobs are still they’re paychecks keep growing.

Here’s what’s sparking consumer optimism:

Drivers hitting the road this Labor Day weekend will enjoy the cheapest gasoline prices in three years, a boon to consumers who have remained confident, while fears of recession grip much of Wall Street. Price-tracking firm GasBuddy predicts the national average for a regular gallon of gas will be $2.55 a gallon on Labor Day, down nearly 30 cents from last year and the lowest price on the holiday since 2016. The national average has fallen for six straight weeks to $2.58.

“Oh, Lord, people love these prices,” said Susan Begnell, a cashier at the Murphy USA gas station on Interstate 20 in Meridian, Miss. At $1.89 a gallon, her station currently is among the cheapest in the nation.

With winter right around the corner, gas prices might continue to drop. President Trump’s deregulation policies have made the US energy dominant, not just energy independent. That’s why the economy is still strong. That’s why consumers are still confident. That’s why consumers continue to confound Wall Street.

If I was a Democrat, which I once was when the Democratic Party still had giants like Scoop Jackson, Daniel Patrick Moynihan and Hubert Humphrey, I’d demand better political pundits. Since the night of President Trump’s election, Democrats, especially those idiots in the media, have been predicting a stock market crash, a great recession or both.

Back in the early days right after the stunning Trump victory, Democrats have been waiting for (or demanding) his impeachment. Democrats have predicted President Trump’s demise more times than they predicted Hillary Clinton’s historic shattering of the ultimate glass ceiling. How many more times must we put up with these idiots’ predictions? It’s getting to the point where I just tune them out.

Finally, this article is a nice first step in countering the Democrats’ lies. Written by Madison Gesiotto, “who serves with the advisory board of the Donald Trump campaign”, it highlights how many times ‘the experts’ have predicted incorrectly:

As the country awoke to the news of his victory as president, the stock market rocketed upwards, yet liberal economist Paul Krugman inexplicably prophesied in the New York Times that we were probably facing a “global recession” with no end in sight. Less than a week later, he wrote about an impending “Trump slump.” Krugman was not alone. Matt Krantz of USA Today thought a recession was on the way because Trump is a Republican president, and that was before Trump even took office.

I’m surprised that these Democrats haven’t figured things out yet. The same media people who predicted that President Trump would be impeached are the people who predicted that President was a racist. One Democrat after another thinks that the Trump Recession is right around the corner.

Adding to that list, let’s remember that Elizabeth Warren has, according to Melissa Francis, “predicted 25 of the last 2 recessions.” Francis was assigned to Warren when Francis worked at CNBC. BTW, Elizabeth Warren is a capitalist — on a personal level:

When she says “the system” works well for the 1%, she’d know. She’s part of that 1%. That’s proof that she’s part of what I’d call the do-as-I-say-not-as-I-do progressives.

The bottom line is simple. When it comes to talking economics, Democrat pundits don’t know what they’re talking about. Ditto with Democrat politicians.