Tag Archives: economy

Jerry Bowyer: Record Numbers of Americans Are Working

The new jobs report is out, and it looks like workers are winning … bigly.

Unemployment is now at a 50-year low. Black and Latino unemployment numbers have reached all-time lows. The employment rise was okay, a little lower than expected, but to be fair it’s really hard to add a huge number of new jobs when unemployment is this low. And wage increases are beating inflation—so that’s jobs and raises.

The left told us that tax cuts would be great for big business and bad for the workers. The truth is almost the opposite. Business profits are struggling a little, but labor markets have done extremely well.

Yes, there’s are some cautionary signs: We can see some storm clouds on the horizon. In order to keep this going, the president and his team are going to have to resolve this trade war and quickly.

But the good news for today: More of us now have work.

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Jerry Bowyer: China Hurts From—and Adjusts to—Tariffs

If the goal of the trade war is to hurt China as we push them to change, it’s working.

China’s economic growth rates are definitely falling. But—as we recently showed on Townhall Finance—the jobs are leaving China, but they’re not coming to the U.S. Jobs are heading to other parts of emerging Asia, often still employed by Chinese-owned companies.

And doesn’t that make sense?

As we slap tariffs on China, markets push supply chains further down the labor scale, not up to high wage America. Markets are highly fluid. Throw a rock in the stream and the water finds its way around it.

For most of human history, China was the world’s economic superpower. The U.S. did not surpass China until we abolished slavery, repealed the war-time income tax and established sound money.

We need to go back to that basic formula, the one that that permitted us to end Chinese dominance in the first place: Universal human dignity, low taxes and sound money.

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Jerry Bowyer: Talking the Economy Into Recession?

The economic question which people ask me most often these days is whether the media can talk the economy into a recession.

For months I’ve been warning that economic growth was slowing down. Now it’s undeniable: The economy has slowed … and people are trying to figure out where to place the blame.

This is going to be kind of hard for me to say, but for once, I don’t think the media is to blame. This slowdown is not driven by falling consumer confidence, the sort of thing that the media can influence.

No, this slowdown is driven by a slowdown in big-ticket capital spending: factories, power plants, gigantic earth movers, ships, planes, etc. which are not performing well. Decisions about those items are made by serious analysts with serious spreadsheets, not by watching cable pundits.

There’s no need to point a finger at the media on this one.

Want to move the needle back to boom again? Stop the policy uncertainty.

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Protecting Title IX: Connecticut Track Athletes Push Back

Townhall Review – August 31, 2019

Hugh Hewitt asks retired Admiral James Stavridis about why President Trump is headed to Poland after returning from France and the G-7 conference.

Dan Proft and Amy Jacobson talk with David Drucker of the Washington Examiner about Chinese economic relations and how it may affect President Trump’s second term quest.

Hugh Hewitt talks with Arizona Governor Doug Ducey about his states’ “Stop Order” solution to stopping mass shootings.

Jennifer Horn talks with Gregg Jarrett of Fox News about the Obama administration’s attempts to undermine the Trump 2016 campaign and then sink his presidency.

Mike Lindell, sitting in for Sebastian Gorka, invites Ben Carson, Secretary of Housing and Urban Development, to share about his progress at HUD.

Larry Elder talks with Alliance Defending Freedom counsel Denise Harle about the brave female athletes pushing back against male athletes identifying and competing as females.

Dennis Prager talks with Mary Grabar about her expose’ book, “Debunking Howard Zinn: Exposing Fake History that Turned a Generation Against America.”

Mike Gallagher looks at Joe Walsh, Republican, and former Congressman, who just announced that he will challenge President Trump in the upcoming primaries.

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Jerry Bowyer: It’s Time to Pivot Back to Pro-Growth Economic Policies

We’ve seen warning signs over the past few months that economic growth is slowing down. Now it’s official: The latest GDP report shows growth in the last quarter at about 2 percent—well below historic averages.

President Trump’s tax cuts kicked in at the beginning of last year. By last summer the economy was booming.

But now the boom’s worn off. The president blames Fed tightening; most economists blame the trade war.

And, it’s hard to ignore the volatility in our policy environment which gives business what it dreads most: huge levels of uncertainty.

There’s a real danger now that the president could enter reelection with a sluggish economy. He should make a hard pivot back to pro-growth policies, leaning on advisors like Larry Kudlow who helped him deliver the boom of 2018.

A growing economy could be the key to delivering a reelection boom for 2020.

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Jerry Bowyer: A New Voice at the Fed

With economic commentator Steve Moore out of the running for Fed, President Trump has turned to another option, announcing his intent to appoint economist Judy Shelton.

Dr. Shelton is a superb choice.

Years ago, Shelton was one of the very few analysts to predict the fall of the Soviet Union long before it happened. Her conservative commitments are rock solid, having directed the Sound Money Project at the Atlas Foundation. Just last year she was successful in getting Senate confirmation as the U.S. director of the European Bank for Reconstruction and Development, so she’s already been thoroughly vetted—and would likely prevail in the confirmation process.

The stakes for the global economy have never been higher. We need a new voice at the Fed who can be a solid vote for the protection of monetary stability and who can handle herself at the table with the big boys.

Judy Shelton will do well. She should be confirmed.

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