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« on: July 23, 2019, 03:52:53 PM » |
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________________________________ The Patriot Post Digest 7-23-2019 From The Federalist Patriot Free Email Subscription _______________________________
The Patriot Post® · Mid-Day Digest
Jul. 23, 2019
https://patriotpost.us/digests/64462-mid-day-digest
THE FOUNDATION
“A wise and frugal government … shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” —Thomas Jefferson (1801)
https://patriotpost.us/fqd/64461-founders-quote-daily
IN TODAY’S EDITION
Deregulation has exceeded expectations and spurred economic growth.1 But never mind that. Warren predicts economic disaster.2 Daily Features: More Analysis3, Columnists4, Headlines5, Opinion in Brief6, Short Cuts7, Memes8, and Cartoons9.
IN BRIEF
Promise Exceeded: Trump’s Deregulatory Record10
The national debt will continue to rise under the new deal struck by President Donald Trump and congressional leaders Monday. No one in Washington cares11 about the debt, and too many voters are in the same boat. But the U.S. economy is still growing in spite of this massive burden, and one big reason for that is another part of Trump’s agenda: deregulation.
The Republican tax cuts12 — which every single Democrat opposed and has spent two years lying about13 — spurred economic growth not seen during the doldrums of the Barack Obama years. Regulation is a form of taxation, adding hidden costs to nearly everything Americans produce, buy, and do. Thus, when Trump cuts regulations, he is again cutting taxes, and that helps the economy.
Better yet, he’s been doing it even faster than he promised he would. On the campaign trail, Trump pledged to cut two Obama-era regulations for every new one imposed. “We’ve hit 13 to 1,” said Russ Vought, deputy director of the Office of Management and Budget. And doing so has saved American taxpayers $33 billion, as well as spurring a projected rise in household income of $3,10014 over the next few years.
Every Democrat presidential candidate promises to undo that progress.
According to Mick Mulvaney, acting White House chief of staff15, it’s the president’s “real-world experience” in business that formed his deregulatory worldview. Unlike Obama, Trump actually had a job in the private sector, where he had to contend with onerous regulations. “The president has it because he had to go and pull a permit to build a building and deal with bureaucracy and doesn’t like that and knows why that impedes growth and impedes development, impedes creativity,” said Mulvaney. “It’s an extraordinarily commonsense approach.” An approach every American should appreciate from the central government.
https://patriotpost.us/articles/64459-promise-exceeded-trumps-deregulatory-record
Warren Hopes for Economic Doom16
Democrat presidential candidate Sen. Elizabeth Warren (MA) warned on Monday that an “economic crash” is coming. She then touted her prophetic abilities by claiming, “I warned about an economic crash years before the 2008 crisis, but the people in power wouldn’t listen.” She continued, “Now I’m seeing serious warning signs in the economy again — and I’m calling on regulators and Congress to act before another crisis costs America’s families their homes, jobs, and savings.”
Warren begrudgingly acknowledges that the economy is currently doing well (darn it, she might add), but she repeated her phony debate line17 that most people aren’t feeling it. She insists, “For most people, wages haven’t gone up in a generation,” while at the same time the cost of housing, health care (thanks to ObamaCare), child care, and higher education has “gone through the roof.”
“Warning lights are flashing. Whether it’s this year or next year, the odds of another economic downturn are high — and growing,” Warren predicts. And what is Warren’s solution to this impending economic crisis? Well, like any good socialist, it’s a recipe chock-full of increases in Big Government programs and centralized control with the promised outcome of ever more “free” stuff. Warren derides the free-market economy for supposedly failing to provide for the middle class, while at the same time promoting a litany of high-cost policies such as a $15 minimum wage, forgiving billions in student loans, and her so-called Green Manufacturing Plan, all of which would bring about increased taxation and regulation. And the dirty little secret is that none of the ostensible benefits will ever be realized.
Warren and her fellow Democrats want a bad economy18 because they want to win in 2020 and beyond thanks to the votes of as many government dependents as possible. Democrats devise a system in which they are the “benevolent” plutocrats ruling over the rest of us who cannot be trusted to provide for our own welfare or trusted with freedom to make our own decisions apart from their “guiding” hands. What Warren preaches and presents is the antithesis of the American Dream19, and she’s playing on fear and envy to convince people to drink the poison she’s offering.
https://patriotpost.us/articles/64458-warren-hopes-for-economic-doom
ON OUR WEBSITE TODAY
Featured Analysis: China’s Economy Is Feeling Trump’s Tariffs20 — Its growth is at a three-decade low as Beijing is under increasing pressure by the U.S. Royal Navy Weakness a Warning for America21 — America has a vested interest in the latest flap between Great Britain and Iran. Military Recruitment Down, So Recruit Younger?22 — There are proposals floating around for lowering the recruitment age to 16. American Spirit: Navy SEAL Fixes American Flag Barely Hanging on Pole23 — “This country continues to have great men and women willing to step up to do what is right.” Video: Why Can’t America Fill a Pothole?24 — Kyle Smith of National Review has the surprising (and frustrating) answer. Video: America’s Issue With Spending25 — Politicians continue to spend hundreds of billions of dollars more than the government takes in.
TOP NEWS EXECUTIVE SUMMARY
POLITICS AND MONEY: “The Trump administration and congressional leaders, including Democrats, have reached a critical debt and budget agreement that all but eliminates the risk of another government shut down this fall — but that has already drawn fierce blowback from fiscal conservatives worried about overspending, as well as progressives unhappy with where the money could go,” Fox News27 reports. Assuming Congress passes the budget agreement, spending caps will climb by $320 billion and the debt ceiling will be shelved through July 31, 2021. From Sen. Rand Paul’s point of view, “It scraps the sequester, which is a huge mistake. It would be a huge mistake if the Republican leadership agrees to this.”
COMEY’S COVERT OPERATION: “According to RealClearInvestigations, a soon-to-be-filed report by Justice Department Inspector General Michael Horowitz alleges that former FBI Director James Comey ‘was secretly trying to build a conspiracy case against the president, while at times acting as an investigative agent.’ … [Paul] Sperry cites two U.S. officials briefed on the IG’s investigation into possible FBI misconduct who say the former director was effectively ‘running a covert operation against’ Trump, which started with a ‘defenseive briefing’ he privately gave Trump a few weeks before his inauguration.” (The Daily Wire28)
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