Tag Archives: economy

Hugh Hewitt: The Lessons of Impeachment

With “The impeachment pageant” largely behind us, get ready for the flood of “What did we learn?” essays.

But there are no “lessons” here other than the abuse of power by members of a partisan majority in the House to raise profiles and profits for themselves. This chapter leaves a constitutional scar. This behavior is not what impeachment was intended for. President Trump’s phone call did not include any offense, much less any impeachable one.

We won’t know for 50 years what impeachment does to Trump’s place in history.

My guess? Not much, given his outsize personality and growing list of achievements, including:

• rebuilding of the U.S. military
• appointments of—so far—two Supreme Court justices and a growing list of appeals court and district court judges
• a massive tax cut
• a very strong economy
• 3.5 percent unemployment

And I could go on.

All that remains are ashes of the left’s hopes and a scar on the Constitution.

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Jerry Bowyer: Economic Numbers Look Solid

Despite the ever-present media hysteria, it’s become clear that on the issue that really matters, Trump finished 2019 strong. I’m speaking, of course, about the economy. 2019 started with some economic turmoil and uncertainty. The trade war with China created a stock market whiplash and business anxiety.

But the data shows things have finally turned around. Economic confidence has been rising for months. 52 percent of investors approve of Trump’s handling of the economy, compared to just 32 percent who do not approve.

It’s no wonder that stocks have been hitting record highs. After the tax reform bill, the fundamentals of the economy were strong, and market performance reflected that.

That is, until the trade war killed Trump’s would-be boom in the cradle. Now that Trump is again on solid footing, he could be well on his way to victory in 2020 … as long as he steers clear of another trade war.

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Dan Proft: When Democrats Lose the New York Times…

New York Times columnist David Brooks wants Democrats to drop their impeachment gambit.

His colleague Bret Stephens wants Democratic presidential candidates to pare down their essentially socialist proposals that would Venezuela-ize the American economy.

And the brothers Emanuel—my former mayor, Rahm and Ari—don’t think it’s a good idea to tell 150 million Americans that even if they like their private health insurance they don’t get to keep it.

And what’s the response?

Elizabeth Warren continues to push her complete set of Marxist fantasies.

Joe Biden calls for fossil fuel company executives—yes—to be imprisoned.

And Pete Buttigieg wants to decriminalize all illegal drugs in the face of the opioid crisis.

As we enter the election year, Democrats are divided into two camps.

One wants to defeat Trump at the ballot box.

The other just wants to exact vengeance on Trump voters.

All the candidates to this point are in the “vengeance” camp.

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Lanhee Chen: Trump Bringing More Transparency and Accountability to Government Bureaucracies


It’s not something that gets a lot of attention from the media, but the regulatory reforms undertaken by the Trump Administration have been critical to keeping the American economy strong.  President Trump has led efforts to roll back red tape by cutting over 8 regulations for every new one that’s been put in place.  This action alone will save American households an estimated $3,100 each year.

Federal bureaucracies have too often abused their power to impose unreasonable burdens on Americans.  In 2014, for example, the EPA wanted to impose $20 million in fines on a family that built an environmentally-friendly pond for their horses.  President Trump is bringing more transparency and accountability where it’s badly needed.

Now, the Trump Administration is working with states and local governments to cut regulations and costs and harmonize regulations at different levels of government.  This will lead to even more cost savings and a stronger economy for the American people.

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Jerry Bowyer: Paul Volcker and the Lessons of Conservatism

Paul Volcker—the legendary Federal Reserve chair—died early this month on December 8. Volcker fought to restore discipline to monetary policy after the easy money binge of the 70s and the resulting economic stagflation. Left-wing policies led to out-of-control inflation. Volcker made the tough choices—tightening money supply and killing inflation.

This came at the cost of deep economic pain, but Ronald Reagan did not pressure Volcker, focusing instead on tax cuts, persuading the nation to give the policy a chance to work.

Despite the constant economic and political pressure to turn the morphine drip back on, Volcker stayed the course—and annual inflation went from 15 percent all the way down to under 3 percent.

The lesson today is that easy money is not the answer to a flagging economy. Conservatives should take the lesson of Paul Volcker and stick with our principles.

Even when it’s tough.

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