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Tag Archives: Reagan

Hugh Hewitt: Pompeo Nomination is Good News for State Department


On my first show for MSNBC last June, I sat down with CIA Director Mike Pompeo, now President Trump’s nominee for secretary of state. A quick read of the transcript will reassure any fair-minded person that a much-needed infusion of talent and presidential trust is on the way.

First in his class at West Point and an editor of the Harvard Law Review, Pompeo got key experience in the ways of the Washington swamp at the law firm Williams & Connolly before going as far as possible from it to Wichita to launch a successful career in business and then Congress.

Most importantly, Pompeo agrees with Trump’s priorities and understands that his job is to serve Trump’s agenda, not create one of his own. Like George Shultz with President Reagan and Henry Kissinger with President Nixon, the boss needs a trusted right arm, not a distant figure of uncertain commitment to core presidential goals.

Good news Pompeo at State!

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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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Albert Mohler: The Handmaid’s Tale and the Threat of Theocracy

Billy Graham

The 75th Annual Golden Globes recently awarded the prize for best drama to “The Handmaid’s Tale.”

The show is based on the dystopian novel of the same title, written by Margaret Atwood.

Hollywood would have us believe that Margaret Atwood pointed to what we’re facing now in America with the #MeToo movement. In reality, the novel was first published in 1985.

Back in 1985, Atwood was warning of about the impulse to theocracy in the Reagan administration.

Atwood basically renewed her charges of theocracy every time a Republican was elected as president.

But intellectual honesty compels us to recognize that when Margaret Atwood is talking about theocracy in her vision of dystopia, she’s actually talking about any legal mechanism to regulate marriage or sexuality in a way that doesn’t meet her feminist expectations.

So throw questions such as assisted reproduction and abortion and others into the mix and you pretty much have the picture of what it takes for Margaret Atwood to declare a theocracy.

 

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Michael Medved: A Great Movie’s Misleading Message

Opioid

The magnificent new Churchill movie, “Darkest Hour,” easily counts among the year’s best, but a crucial scene sends a message the real Sir Winston would have hated.

In the movie, the Prime Minister wavers over starting peace talks with Hitler, and on the way to a cabinet meeting, he wanders into the Underground—London’s subway. He asks the opinions of ordinary Englishmen in his car, and—only when they tell him to keep fighting at all costs—does he convey that message to Parliament in the famous, “we shall fight on the beaches” speech.

It’s a touching sequence, but totally misleading: Churchill never rode the Underground, and never shared the comforting, populist notion that leaders should take direction and inspiration from the common man. Like Reagan, Thatcher or Lincoln, Churchill knew that great leaders must provide inspiration and direction to the masses, not the other way around.

That’s a role today’s leading figures must learn, and embrace.

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Jerry Bowyer: Tax Reform and a Chance to Make up for Lost Decade

Jordan Peterson

Last week, Republican leaders announced their tax reform plans.

The good news is that they’re pro-growth: US corporate tax rates are today the highest in the developed world, and our current system perversely punishes American companies for bringing profits back from their foreign sales. The GOP plan fixes that problem. It also cuts taxes for what has been labeled “flow through” businesses —small and family-owned businesses often use that form. My own family business uses it. The reason it’s important to cut taxes these types of small businesses is because American jobs are almost all created the same way: by small businesses becoming big businesses.

It’s been a pretty bad decade for the U.S. economy: a terrible recession followed by barely a whiff of a recovery.

That lost decade has cost us standing abroad and frayed the social fabric at home. We can end that by embracing the growth model of JFK, Reagan and Gingrich/Clinton.

Americans can’t afford another lost decade.

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Jerry Bowyer: Push The Tax Plan Now

Jordan Peterson

The U.S. economy is in danger, and the longer the Trump tax plan is delayed, the greater that danger becomes. President Trump wants large tax cuts in corporate and individual rates. That’s good, because right now America has the highest corporate tax rates in the developed world.

But here’s the worry: If you run a business and I tell you that your taxes are going to fall … next year, what do you do? You put off expansion until next year.

This is what happened to President Reagan at the beginning of his term. He proposed big tax cuts, but he let the Democratic congress talk him into deferring the cuts for a couple of years. Predictably business managers deferred expansion and the economy plunged into recession. Reaganomics got blamed for a contraction which was caused by the delay of    Reaganomics.

The same thing happened with the Bush tax cuts in 2001.

President Trump can’t afford to make that mistake.

He should push his tax plan now.

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