Tag Archives: economy

Jerry Bowyer: The Lessons of History and the Green New Deal

By now you have all heard about the Green New Deal. It doesn’t take a very long memory to know that this sort of massive spending plan will collapse the economy.

You see, the European debt crisis was triggered in part by plans very much like those recommended in the Green New Deal: Heavy subsidies for so-called green tech, utopian timelines for alternative energy usage, and punitive treatment on the kinds of energy which our economy actually depends on. The result? Greece and Spain and Italy triggered a crisis that jeopardized the future of the entire European Union.

If eight years ago is ancient history for AOC and her zealots, how about three months? France instituted a tiny version of the same thing—and even France abandoned it. Experience is a great tutor, but her tuition can be very expensive for those who refuse to learn from the failures of others.

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Jerry Bowyer: What to Do for a Slowing Economy

The Trump tax cuts have done great things for our economy, but—as I’ve warned—the economy is slowing down somewhat. The new GDP report shows the growth rate last quarter dropped from an above average 3.4 to a below average 2.6 percent. Overall, 2018 was a good year for the economy, but at the end it lost some steam, but we can get it back.

First, get out of the trade war. It’s made trade deficits higher and hitting farmers particularly hard. We’ve already created the conditions for American economic preeminence with the tax cuts, let them do their thing and let’s not seize defeat out of the jaws of victory.

Second, stabilize the dollar. America became the envy of the world when the dollar was stable in terms of gold and the currencies of other trading partners.

With just a few changes, we can unleash the American economy.

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David Davenport: Doom and Gloom of the Green New Deal

It’s amazing that more than 70 House members and a dozen senators have already signed onto the Green New Deal. I say amazing for two reasons:

(1) It is full of doom and gloom, and
(2) will cost a staggering $90 billion and counting.

The original New Deal of the 1930s was a response to the tragedy of a worldwide Great Depression. With a strong economy and low unemployment, it is difficult to paint that kind of bleak picture today, but the recent House Resolution introducing the Green New Deal surely tries, describing economic stagnation for four decades; racial, economic and gender divisions; and a planet doomed by global warming. It sounds a lot like Jimmy Carter’s old era of limits and we know how well that worked.

Democrats are lurching to the left in what feels like a desperate, but actually alienating, effort to win votes.

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David Davenport: The Green New Deal Looks Red to Me

Perhaps you’ve heard about the Green New Deal?  It’s freshman Congresswoman Alexandria Ocasio-Cortez’s revolutionary scheme to reinvent the entire American economy.  She calls it “the Great Society, the moonshot, the civil rights movement of our generation.”

But look a little deeper and you’ll see different colors:  the blue of progressivism and mostly the red of government spending and debt.  The proposal calls for a breathtaking $90 billion in green initiatives.

Even mainstream Democrats are hesitant about this sweeping effort to reinvent the economy and eliminate income inequality.  But media darling Ocasio-Cortez will make it front and center.

The first New Deal turns out not to have solved the Great Depression as we once thought.  We hardly need a new one. Is it green? Yes. Is it utopian?  Yes.

But mostly it’s the same old liberal blue of government spending and the red of more debt.

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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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