Tag Archives: economy

Bowyer: Pro-Growth Policies Bring Record Recovery in Unemployment Rate

During the worst of the shutdown of our nation’s economy at the front end of the pandemic, America’s elite media outlets were quick to tell us about the largest increase in unemployment in American history.

But they seem far less interested in telling us about the largest decrease in unemployment ever recorded since the recovery has begun.

As of this week the unemployment rate has dropped from a peak of almost 15 percent to about 8 ½ percent. That puts unemployment at levels which we saw during most of Obama’s first term. After the great recession of 2007-2009, it took three years for the labor markets to bounce back to the levels we see now—only three months into a recovery from the pandemic.

Policy matters, and pro-growth policies make a country much more resilient—even in the face of horrendous setbacks.

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Lanhee Chen: The Choice This November Is Clear

Both the Democratic and Republican National Conventions have ended, and Election Day is coming quickly.

Here’s what we know about the fall campaign. It will feature a true contrast in ideas and ideology.

Joe Biden has made clear that he believes in a dramatically more powerful federal government that will play a bigger role in everything from health care to energy policy. The power with Democrats today doesn’t lie with moderate leaders who want incremental change. No, it’s with far-left progressives like Bernie Sanders who are looking to transform America.

You don’t have to agree with everything Donald Trump says and does to recognize that his vision is very different. He wants a freer America, one where Washington gets out of our way. Trump’s policies will work to boost our economy, make health care more affordable, and give citizens—not government—more power to make the decisions that are best for them.

The choice this November is clear. Now it’s up to us to make our voices heard.

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Hugh Hewitt: The 2020 Election: Two Agendas

Which agenda do you prefer for the next four years?

President Trump’s? Or Joe Biden’s?

That’s a helpful way to aid voters in their choice this November.

President Trump believes in the Constitution, as proved most obviously by his two Supreme Court Justices and 53 federal circuit court judges.

Trump will continue his military buildup and his push for enforcement of rule of law—as demonstrated by Attorney General William Barr.

Trump will continue his massive deregulation of the American economy.

Biden, on the other hand, will almost certainly raise taxes—and raise them significantly.

Biden judges will be activist judges, likely seeing nothing wrong with the return of race-based rewards.

And there’s a very real potential that Biden will pack the Supreme Court—increasing the number of justices in a replay of FDR’s failed effort in 1937.

And under a Biden presidency we’ll see some sort of Green New Deal.

That’s a fair statement of the expectations.

I’m voting for Trump.

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Hewitt: The Disdain of the Elites

If President Trump makes a comeback—and pulls off yet another upset victory on November the 3rd—it will be because he relied on the disgust of the American people with elites.

Trump will again run on a platform of America first, and on rebuilding the economy he built once before until it was shuttered by the novel coronavirus. He’ll point to his clear-eyed view of today’s aggressive and assertive Chinese Communist Party and to the strengthening of our military build-up: a growing Navy, the Space Force and the revitalized nuclear deterrent.

Trump will also run on his massive deregulation, and the appointment of justices and judges who are faithful to the Constitution.

An often hysterical media endlessly chants the same anti-Trump refrains.

But voters have to ask themselves: Which man do they want squaring off against Xi Jinping, rebuilding the economy, appointing judges, and funding the military?

Trump can embrace this disdain of elites that is widespread. And—yes—he can win again.

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Jerry Bowyer: Big Tech Companies Are in Denial

Tech companies are in denial about the risks associated with political bias. They repeatedly feign ignorance before congressional committees and pretend to have no idea what shareholders are talking about when the issue is brought up at annual meetings. I know this from personal experience.

These executives are typically dismissive as though the issue isn’t even worth a discussion.

Well, maybe they’d better listen to the president of the company which in many ways built the modern information economy: Microsoft and their current CEO—Brad Smith. He recently told Neil Cavuto that “we in the tech sector need to step up” when it comes to inclusion of different political views.

So: the denial phase is over.

Microsoft is too big to be written off.

Silicon Valley has a thumb on the scale when it comes to conservatives. It’s up to them to restore our confidence.

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Jerry Bowyer: We Can Handle This

I like to use Google Trends to see what people are looking up on the internet as a way of getting a sense of what average people are thinking about. I found that searches for the phrase “economic depression” peaked in late March. Then, in the ensuing weeks, we saw peaks in “better than expected” in the category of business and industry. Then we saw in early May a strong uptick in searches for “economic recovery,” and then a surge in business-related searches using the phrase “largest improvement.”

This basically tracks with the headlines. We saw scary headlines about the destruction of the economy, but then headlines showing that the U.S. economy is more resilient than given credit for. And then recovery headlines—with stats that showed some of the best improvements in decades.

Bottom line: We’re not doomed.

We can handle this.

We are handling it.

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