Opponents of President Trump define themselves as being more compassionate than the president. Maybe they’re right. Setting aside their plans for higher minimum wages, higher taxes, and higher abortion rates, these empathetic enemies of the economic ennui among working class Americans that so defined the Obama years have got to be cheering the good…Read More
By Tom Quiner In light of the Democratic Party’s embrace of socialism, it is worth contrasting its effectiveness when compared to free enterprise using real world examples. A perfect comparison is Cuba vs. Hong Kong. In 1961, Cuba embraced unabashed socialism while Hong Kong embraced unabashed capitalism. Interestingly, Cuba owns some nice assets, such as…Read More
By Iowans for Life Yesterday’s Wall Street Journal ran with the headline: “Iowa’s Labor Plight: Too Many Jobs.” They ran with the wrong lede. The correct headline should have been: “Iowa’s Labor Plight: Worker Shortage.” The article points out that Iowa’s unemployment has dropped to an astounding 2.9%. Manufacturers in particular cannot find enough people…Read More
The February jobs report just came out, and it totally exceeded expectations with the news that 313,000 new non-farm jobs were created. Economists expected only 200,000.
As you can see in the chart above, the unemployment rate has dropped to about as low as it can get at four percent. This is good stuff.Read More
Key Trump rust belt states, such as Ohio, Pennsylvania, Michigan, and West Virginia lost jobs last time we imposed these types of tariffs.
Will they stick with Republicans next go ’round if they’re back in the unemployment line? Tariffs are tax increases and job killers for working class American families. You know, Trump voters.Read More
The economy grew an average of just 2% a year under Barack Obama. This was about a point less than our historic post World War II average.
The Left dismissed the anemic results as the “new normal.”
It looks as if the ‘new normal’ is history. Under President Trump, the economy has grown an average of 3% each of the past two quarters. In addition, Standard & Poor’s Dow Jones average has grown 20% since Mr. Trump’s election a year ago.Read More