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« Reply #1 on: May 01, 2017, 07:46:48 PM » |
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The Patriot Post Digest 5-1-2017
From The Federalist Patriot
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Let’s state a few undeniable truths. First, the economy, while measured on specific, objective metrics, is also driven by perception — perhaps that’s obvious when one of those analytics is “consumer confidence.” Measuring the degree of consumer optimism about the state of their own financial health and the economy is based on the study of a consumer’s intention to spend and save. That’s sounds mighty precise, huh?
Second, it depends on whose economy it is as to whether the accounts of its health, failing or otherwise, are reported and how the topic is treated. We just endured eight years of the slowest recovery in American history — never reaching 3% in annual growth, while the federal debt doubled due to excessive government spending and regulation that flattened economic output and depressed wages. The Obama economy was good for the investor class but decimated the middle, working class, as evidenced by historic lows in labor participation for able-bodied adults.
On cue, in the last weeks of Barack Obama’s presidency, CNBC staked out any economic good news resulting from the election upset in November — meaning the death of the Regulation-Nation — as the result of the mythical growth policies of the 44th president. Noting that Trump was “heading to the White House with a pledge to revive the U.S. economy and put millions of Americans back to work,” the December 2 CNBC piece declared, “much of that goal has already been accomplished by President Barack Obama.”
The national media, formerly known as journalists, clearly talked up the Obama economy, even in the waning moments of his regime. And, inarguably, the same concubines of the DNC will criticize every aspect of the Trump administration.
Back to the underlying question, but let’s add a twist. Why did consumers hold onto their money despite the clear optimism of the Donald Trump presidency? Remove the Twitter posts from @RealDonaldTrump and #POTUS and his ongoing brawl with the #Presstitutes, the results of Trump’s first 100 days in office prove he’s keeping his campaign promises.
Remember Obama’s first 100 days? By mid-February, the American Recovery Act (a.k.a. the “stimulus”) was moving to distribute a trillion dollars in government spending for those non-existent shovel-ready-jobs, making the massive deficit spending program a blue state bailout. Obama then set out to heavily regulate the economy, nationalizing one-sixth of it and foisting major bureaucratic controls on the financial sector.
Unlike the Obama stimulus, the Trump administration is proposing historic corporate21 and individual22 tax cuts to prevent government from the confiscation of earned wealth that could be in the hands of its producer. Again, Democrats and their media enablers wail that these tax cuts “could cost the government $ 6 trillion23.”
Exactly what money does government have? And who earned the money that was confiscated via taxes? The only money the government has was taken from those of us who produce.
Thoughtful and serious economists and policymakers understand and agree that allowing consumers to maintain this hefty sum and, in turn, spend it grows the overall economy. Cutting corporate tax rates down to 15% and the pass-through taxes paid by owners of small businesses from over 39% to 15% is rocket fuel to the engine of our economy.
Meanwhile, after more than seven years of soaring rhetoric, breathless campaign promises and more than 50 repeal votes in the House during the Obama administration, ObamaCare still exists. It may be the failure thus far to repeal that monstrosity that still has the American economic engine idling at the starting line.
So to recap, when Obama entered office during a recession and drove up federal spending to unimaginable levels, proceeding to double the national debt in eight years, the media cheered the (paltry) economic growth. Now that Trump has taken office amidst slow GDP growth, his proposal to let those who earn the money keep more of it so as to jumpstart real and lasting economic growth is derided as unaffordable. The elites and the media are wrong on both counts. Keep that in mind in the days ahead.
MORE ANALYSIS FROM THE PATRIOT POST
Multicultural-Inspired Mutilation24 — Does the leftist love affair with multiculturalism have its limits? Even what’s happening in Detroit may not be enough.
Trump Counters Federal Land Grab by Invoking Federalism25 — Trump is simply correcting the abuse that took place under Obama’s watch.
BEST OF RIGHT OPINION
Peggy Noonan: Republicans, Learn the Limits of Loyalty26
Imprimis: The Left’s War on Free Speech27
Cornwall Alliance: Poison for the Mind: The Nation on CO2 and Global Warming28
For more, visit Right Opinion29.
OPINION IN BRIEF
Peggy Noonan: “Republican officeholders should by now have figured out how to speak about our ever-interesting president, and most have not. They think since he is a Republican and they are Republican, they must defend him on all things. They are looking at it wrong. He is Donald Trump. He is not ‘a Republican.’ He is a wholly unusual historical figure who happened to them, and who now heads their party. They owe him an eager and open-minded willingness to work with him, to create helpful legislation, to join in debate and support him on areas of mutual conviction. They do not owe him a thing in terms of covering for his gaffes or oddnesses, mistakes or failures. … When being loyal involves not stating obvious truths, maybe you’re being loyal to the wrong thing. Being truthful is moral and good. It comes, for both speaker and listener, as a refreshment. Or in the practical, strategic language political figures respect, candor is the new cleverness. Everyone’s had it with evasions and circumlocutions. Stop. Say it true and keep walking.”
SHORT CUTS
The Gipper: “Of the four wars in my lifetime none came about because the U.S. was too strong.”
For the record: “It’s becoming increasingly clear that Republicans have not repealed Obamacare because a lot of Republicans do not want to repeal Obamacare.” —Byron York
A blind squirrel finds a nut: “Berkeley used to be the cradle of free speech and now it’s just the cradle for … babies. They invite someone to speak whose not exactly what liberals want to hear and they want to shutter it. This is the liberals' version of book burning. And it’s got to stop.” —Bill Maher
Non Compos Mentis: “[If] rampant Islamophobia continues, there will come a day when we must ask all women to wear a headscarf — all of them! — out of solidarity towards those who do it for religious reasons.” —Austrian President Alexander Van der Bellen
The BIG Lie: “I did my job, which was to protect the American people, and I did it faithfully and to the best of my ability, and never did I do anything that was untoward with respect to the intelligence I received.” —Susan Rice
Braying Jenny: “It is absolutely unbelievable that he could be the leader of the greatest nation in the world and we cannot allow him to stay in that position.” —Maxine Waters (Just remember, she has “not called for his impeachment30.”)
Honest evaluation: “I think a lot of the people [who] came out and voted in Pennsylvania, where I’m from, were pro-lifers. With all of Trump’s problems, morally, personally, whatever, they didn’t like Hillary’s position. I think the [Democratic] party moved too far to the left on cultural issues.” —Chris Matthews
And last… “If there was a march to stop useless marches, I wouldn’t march at it because it wouldn’t accomplish anything.” —Frank Fleming
Semper Vigilans Fortis Paratus et Fidelis
Managing Editor Nate Jackson
Join us in daily prayer for our Patriots in uniform — Soldiers, Sailors, Airmen, Marines and Coast Guardsmen — standing in harm’s way in defense of Liberty, and for their families. |
