Tag Archives: Jerry Bowyer

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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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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Jerry Bowyer: A Lesson for Democrats

The news coming out of the election in the U.K. is huge.

The question in our country is simple: Are the Democrats paying attention?

Jeremy Corbyn, the radical leader of Britain’s Labour Party, just led his party to its greatest defeat in nearly 100 years. He ran on a platform of complete, unrestrained left-wing insanity.

British politics tends to be a few years ahead of American politics. Thatcher preceded Reagan, Blair preceded Bush and Boris Johnson preceded Trump.

So Democrats should be listening. As it turns out, completely unmitigated left-wing insanity isn’t an enticing deal for coal miners. The industrial labor class is not likely to vote for candidates promising de-industrialization and massive tax hikes to pay for free college.

If the Democratic leadership wants to win, they should hit the brakes, and cut out AOC and her Corbynista pals. The alternative is political irrelevance.

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Bowyer: The Markets and the Message on Impeachment


In the midst of the push to remove Trump from office, it’s important to remember what the left said last time a President was impeached. When Clinton was under threat, the media and Democratic politicians were arguing that Republicans should back off—because impeachment was bad for the economy.

CNN and NPR—among others—blamed poor market performance on GOP efforts to remove Clinton, while Democratic members of the House denounced the disruptions to markets caused by impeachment.

Now, Democrats in politics and the media are pushing for impeachment; not a single word about economic uncertainty.

If removing the president is bad for the economy then why are markets hitting record levels? The answer is simple. Markets are shrugging all this off not because removal would be good, but because they simply don’t take it seriously. They know what this is, nothing more than political theater.

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Jerry Bowyer: The Thanksgiving Story You’re Not Hearing Much Anymore


Of course you already know that Thanksgiving is associated with the Pilgrim’s feast at Plymouth plantation. You’ve seen the paintings and heard the story of the bountiful harvest, but have you heard the whole story?

I just published a piece on Townhall Finance which documents how—when the Pilgrims arrived—they were required by London elites who financed the expedition to practice a form of communism, which was in vogue at the time.

We shouldn’t be surprised that the result was famine, starvation and plague. The settlers decided to defy the planners in London, to reject what they called “the conceits of Plato” and instead embraced the 10 commandments and instituted private property. The result was abundance.

That history was taught to earlier generations of Americans, but no longer. Maybe this Thanksgiving, skip the arguing about politics and simply share the real ‘hidden history’ of America.

Happy Thanksgiving!

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Jerry Bowyer: On Hong Kong: An Opportunity to Show the World We’re on the Side of Freedom

In Hong Kong, protestors are risking their lives to maintain their independence from China. While they put life and limb on the line, they’re waving American flags and singing our national anthem. Right now, the United States is engaged in a trade war with that very same government that the people of Hong Kong are fighting against.

That’s why the Hong Kong Human Rights and Democracy Act should be passed and signed immediately. The bill, which has bipartisan support in the Senate and House, reaffirms our commitment to Hong Kong’s special status and sanctions those who oppress the city.

Both Nancy Pelosi and Mitch McConnell have signaled their support for the law, which is a rarity in modern politics. The people of Hong Kong deserve independence. Passing this bill won’t solve their struggle for liberty, but President Trump’s signature will show that the world’s sole superpower is on Hong Kong’s side, and on the side of freedom.

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Jerry Bowyer: Elizabeth Warren’s Wealth Tax Folly

Recently, candidate Elizabeth Warren proposed a wealth tax, which is a tax on wealth that has already been earned, taxed and saved.

This sounded historically familiar to me, so I talked to my friend Amity Shlaes, a renowned economic historian and author of “The Forgotten Man,” a history of the Great Depression. She confirmed to me that under the New Deal there were, indeed, several wealth taxes.

The result of this general war on business and war on wealth was what she labeled “the Depression within the Depression”—that brutal period from 1937-1938 when unemployment, still over ten percent, shot back up even higher. The anti-business attitude of the New Deal prolonged and, she said, “put the ‘great’ in Great Depression, no doubt about it.”

A wealth tax? We’ve been there. Done that. Crashed the economy. This is one experiment that we’d be fools to try again.

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