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Tag Archives: economy

Jerry Bowyer: Economic Growth and American Greatness


It appears that the economy is slowing down and that markets are signaling even further weakening. I’ve been an economic optimist since the Trump election—especially when he made broad-based tax cuts a priority. But I did warn that the effects of the tax cuts would be short-term unless he continued to push in a pro-growth direction.

But after the cuts, the president instead pivoted towards increasing taxes on international trade. Make no mistake: tariffs are taxes. And as such, they choke growth.

And that’s exactly what has been happening.

Economic growth has gone from a sizzling summer of over 4 percent to an average fall at under 3 1/2 percent and the winter looks like it might be cooling down to under 3 percent.

If—in the president’s language—we want to make America great again—and we really want to beat China, growth is the way to do it.

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Jerry Bowyer: The American Economy and Election 2018


You know that recent massive market sell-off?—The one that dropped over 1,000 points from the Dow in just 2 days? I was a reminder that –when it comes to the economy—we’re not out of the woods yet. And if Democrats win the mid-terms, we could get more shocks like we saw in early October.

The polarized politics of our day, the mob tactics, and the attacks on the President and his party have dominated the news.

I fear we’ve lost sight of the economic reasons to vote in November.

The tax cut passed last year and boosted every sector of the economy. Republicans want to pass another one which could extend those gains for years. Democrats want to repeal the last one.

Republicans want to unleash business; Democrats want to tighten the leash.

The election is on us: If you’re interested in a strong economy and a strong stock market, you need to vote for growth policies in November.

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Jerry Bowyer: The Key Question on Trump and Russia

Shooting Florida

Let’s remember what all the Mueller, memo and FBI hubbub is about—the accusation that Trump colluded with Russia to get himself elected. One of the rules for determining who did something is to ask cui bono? Who benefits from the election of Trump?

 

Not Russia, that’s for sure.

 

The Trump trade has been terrible for Russia. We just published analysis at Townhall Finance which shows that Russia was the worst performing of the world’s 40 investible markets during Trumps 1st year in office. Poland—the Russian rival—was one of the best.

 

 

Trump policies have been highly detrimental to Putin’s interests. Most notable is Trump’s pro-energy stance, which Putin mouthpieces like cable outlet RT have been denouncing. If Trump really was elected by Russian money, it’s one of the worst investments any nation has ever made in human history.

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Jerry Bowyer: What Should We Expect From the Recent Tax Cuts

Shooting Florida

What should we expect from the recent tax cuts? In a word, “growth.” At Townhall Finance, we recently reviewed the historical data around the Kennedy, Reagan and Bush tax cuts.

 

What we found is that the economy slowed while waiting for the tax cuts to kick in, and then boomed afterwards. So far—true to form—we’ve seen the economy slow down a bit at the end of 2017 and then show real signs of strong growth this year. The Atlanta Fed, hardly Trump’s home team is forecasting greater than 5 percent growth this year. What would that mean for us? About 400 billion dollars of new wealth this year alone.

 

Let’s say you take your typical tax cut and invest it. Over 30 years it could result in $53k dollar in additional income for your family. We’re talking about real money—the kind of money which can help the Republicans in Congress do much better in the elections than the talking heads are predicting.

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Michael Medved: Focus on the State of the Union

Opioid

This is Michael Medved for Townhall.com, with a message to President Trump: congratulations, Mr. President, on your first year in office. In the upcoming State of the Union Address you should highlight our strong economy, progress against ISIS, cuts in taxes and regulation, judicial appointments and more. You should paraphrase Ronald Reagan by asking: are you better off than you were one year ago? An overwhelming majority will say yes, we are.

 

But please, Mr. President, don’t let Democrats change the focus from the state of the union to the state of your mind. Of course, your opponents have been nasty and unfair, but hitting back at them in similarly nasty terms only diminishes your stature. By emphasizing the undeniable progress of everyday Americans, you will build on your first year’s success. And you can overcome the highly personal attacks of your critics more effectively by ignoring them, rather than responding to them.

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Are Republicans Really in Danger in the 2018 Elections?

Opioids Tariffs

Townhall Review — January 20, 2018

Hugh Hewitt invites Senate Foreign Relations Committee chairman Bob Goodlatte to explain the contentious issues on the DACA impasse in Washington, DC. Larry Elder and John Lott, the president of the Crime Prevention Center, dig into the data concerning the true record of illegal immigrants in his state, Arizona. Hugh Hewitt allows two journalists to give their opposite prognostications of Republican performance in the upcoming midterm elections. Mike Allen tells Hewitt why a Democratic takeover the house “now looks likely.” Robert Costa contends that the Republicans still have an upper hand due to a promising economy. Dennis Prager follows with the latest news on his battle with Google and their unfair practices against PragerU and other conservative publishers on YouTube. Michael Medved honors the memory of Dr. Martin Luther King Jr. by correcting the liberal media’s rewriting of King’s ideological history. Finally, Medved inserts himself into the controversy of Trump’s recently reported statements against Haiti, by rejecting the media’s extreme reaction while advising the administration to avoid language that contradicts their own merit-based immigration proposal.

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