Hugh Hewitt talks with Jonah Goldberg, editor in chief of The Dispatch, about the first day of the great American shutdown in the wake of the coronavirus and the Fed slashing interest rates to zero percent.Read More »
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.Read More »
The first thing the new Brazilian President did after his inauguration was to turn and hug Israeli Prime Minister Benjamin Netanyahu. That—and the fact that Netanyahu was there at all—is extraordinary. It was Bibi’s first trip to anywhere in South America.
Adding to the sense of solidarity with Israel was the sound of the Shofar horn being blown by a rabbi.
Bolsonaro has made friendship with Israel a cornerstone of his administration: He, too, has promised to move their Israeli embassy to Jerusalem.
Our friend George Gilder has argued in his book The Israel Test that someone’s attitude towards Israel reveals their attitude about entrepreneurship.
Because of his approach to market capitalism, his approach to Israel and the Middle East and his efforts to deal with cronyism and corruption, Brazil’s stock market has been the best performer in the world.Read More »
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.
The stock market had a great run after the election of Donald J. Trump as president. This put egg on the face of many elite commentators who predicted that a Trump victory would be disastrous for the economy.
Indicators of economic optimism also improved, and some business activity indicators improved in response. But lately plans for tax reform have been splintering into competing versions.
Some GOP leaders seem willing to cave on key issues such as whether to cut rates for the highest bracket and whether to delay corporate tax reductions. In response markets have leveled off, and there are some signs that growth is sagging too.
It is imperative that tax cuts be passed now and implemented immediately. Republicans will get no credit from the electorate for bi-partisanship if they sail into the next election with a weak economy on the horizon. It doesn’t need to be fancy. But it needs to be soon.
We’re past the time for rhetoric: we need successful votes and tangible policy shifts, otherwise the famed ‘Trump Trade’ may well be over.
Over the past six weeks or so, there has been a steady drumbeat of impeachment talk from the elite press and the opposition party.
As a result:
• Google searches on “impeachment” have spiked by 1,200 percent per day.
• London odds makers have raised the odds that Trump will not finish out his term by 21 percent.
• And the stock market? The seven weeks after Trump was elected, markets exploded upward 8.3 percent. But in the same period of time after the impeachment push, it has gone up by only 1 ½ percent.
There is little doubt that the effort to keep impeachment on the table is hurting markets, which means it’s hurting retirements, pensions and college savings programs.
If there were proof of wrongdoing, then of course, justice counts more than money. But Americans should not be forced to endure even more economic stagnation for the sake of scoring higher ratings and political points by the Trump opposition.
Simply put: The impeachment crusade is costing you money.
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