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Tag Archives: economy

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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Michael Medved: Trump Deserves Credit For The Strong Economy

Marijuana

Why do public opinion surveys show discontent with President Trump’s handling of the economy at a time of record highs in the stock market and record lows in unemployment? The new Gallup Poll gives Trump his highest ratings on the economy, but still shows a clear majority of voters disapproving of his economic record despite the steady growth in the 10 months of his presidency.

This reflects a liberal tendency to put ideology above practical results, but it also reflects continued discomfort with aspects of Donald Trump’s polarizing public personality. The President should avoid public feuds and distracting Twitter storms while focusing on the jobs and growth agenda that got him elected in the first place. Meanwhile, his GOP colleagues in Congress must pass tax reform to keep the economy booming while giving the administration the credit it deserves for sweeping deregulation, and pro-business policies that are producing real results for the American people.

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Michael Medved: “Zero Sum Game” Distorts Thinking on Tax Cuts, Foreign Affairs

Opioid

As Congress debates immediate, substantial cuts in federal tax rates, liberal opponents invoke the discredited concept of a “zero sum game”—the idea that if one citizen gains, then another must lose, because they believe that one individual’s good fortune must always mean someone else’s misfortune.

This thinking ignores the way economic growth can benefit everyone; creation of wealth means more opportunities, not fewer, for everyone in the vicinity of the wealth creator.

Unfortunately, some conservative nationalists make similar mistakes regarding foreign affairs: believing that one nation’s progress, brings suffering for others. Instead, today’s global economy makes prosperity is contagious.

The United States has everything to gain from the economic advancement around the world: that means more markets for our producers, and more products for our consumers.

We should favor, not fear, the advancement of our neighbors down the block, as well as prosperity for peaceful nations on the other side of the world.

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Lanhee Chen: The Real-World Impact of Regulatory Reform

Tax Reform

On the campaign trail last year, Donald Trump vowed repeatedly to cut and limit federal regulations that threaten to kill jobs and restrict economic growth.

So far, he’s made good on that promise.

A study just out from the American Action Network found that in their first six months, the Trump administration has proposed regulations at a far slower rate than during a similar period of time during the Obama administration.

And for every new regulation the Trump administration has proposed, they have cut sixteen existing ones.

The impact of these changes is both dramatic and impressive. The report concludes that President Trump has imposed 1/20th of the lifetime costs, 1/11th of the annual costs, and 1/8th of the paperwork burden that President Obama did during his first 100 days in office.

Regulatory reform doesn’t grab headlines, and the mainstream media doesn’t often talk about its impact. But make no mistake. President Trump’s policy in this area will pay big dividends for America’s workers, its companies, and our nation’s economy.

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