Tag Archives: stock market

Michael Medved: Focus on the State of the Union

Opioid

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.

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Jerry Bowyer: ‘ Trump Trade ’ Will Be Over Without Tax Cuts

Shooting Florida

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.

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The Impeachment Crusade Is Costly

Jordan Peterson

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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