From the first day Donald Trump started running for president, he has raged against America's large and persistent trade deficit. His tariff policies are designed to try to reduce these trade imbalances. It is the metric he uses to gage whether other nations are playing by the rules of our trade deals. As a pure economic accounting measure, the U.S. GDP goes down when we import and goes up when we export.
A few years ago, I spoke at my son's fifth-grade class about all of the wonderful things that we have today in our great country that weren't around 100 years ago, including inventions like cars. A ponytailed girl in the front of the room raised her hand and, with a solemn look on her face, scolded me: "Cars are bad. They cause pollution." Wow. These were 11-year-olds! It was one of my first encounters with the green indoctrination that goes on in public schools starting in the first grade.
The media and other Trump haters can't seem to let themselves admit it, but President Donald Trump scored a big victory for the American economy on trade last week. Trump and the European Union reached a handshake deal that is designed to lower tariffs on both sides of the Atlantic. They agreed to shoot for zero tariffs. Sounds like freer and fairer trade to me.
Once upon a time, "work for welfare" was a pretty accepted notion. In 1996, Bill Clinton signed a strict workfare bill, which was so popular that it helped him get reelected. A Brookings Institute study by welfare scholar Ron Haskins proved those reforms moved more than half of those on welfare (mostly young single moms) into the workforce, and millions eventually gained economic self-sufficiency.
One of Donald Trump's more memorable promises on the campaign trail was to lower the cost of prescription drugs. Polls show this issue remains popular with Americans, especially lower-income families, who are worried about high drug prices.
President Donald Trump's aluminum and steel tariff policies have now triggered retaliatory tariffs from other nations, including Canada, the EU and China.
Republicans are right to call for tough measures to deter illegal immigration -- which means building the wall, ending the "catch and release" policy and challenging the harboring strategies of sanctuary cities.
Last week, I testified before the House Committee on Education and the Workforce on the state of the American labor market. I summarized my message in one sentence: For American workers, the job market has never -- or at least seldom -- been better. If you don't have a job, go out and get one, because jobs are out there for the taking.
All of a sudden, everyone on the left wants "free markets in energy policy." As someone who's advocated for that for, oh, about three decades, this riff should be music to my ears. But is laissez faire energy policy really what liberals are seeking?
The left is quickly running out of excuses for why Donald Trump's economic policies have caused a boom rather than the bust that they predicted with such great certainty.
Last year, when the U.S. economy began to percolate with faster growth, the media and other Trump haters argued that this simply reflected a pickup in worldwide growth: Trump was riding the wave of what economists were calling "synchronized growth."