For those on the left and right who were certain that President Donald Trump's presidency meant the end of global free trade ... think again. Though Trump's critics have dismissed the significance of the new Mexico and Canada trade deal, it's hard to deny that it is a welcome advance for the economy of the entire continent.
This month marks the 10-year anniversary of the housing market meltdown that led to the Great Recession. Is another crisis looming around the corner?
I have spent some three decades railing against faulty budgetary scoring of tax bills, but the latest charade from the Congressional Budget Office and Joint Tax Committee takes the cake. The story of fiscal phony math is so indefensible when it comes to the Trump tax cut that you may not believe it could be true. Alas, it is.
Even at this late hour, President Donald Trump can save the Republican Congress in November -- if they want to be saved. To understand how, we need to rewind back to this time last year.
Liberals love to talk about helping the poor and the middle class, and they are obsessed with reducing income inequality. So why is it that across the country they are pushing one of the most regressive taxes in modern times?
This past week I asked a friend at the White House about how the president was holding up against the onslaught of media attacks. "They didn't even deliver a glancing blow," was the response. It wasn't for a lack of trying.
Love him or hate him, you've got to hand it to Donald Trump. His trade and tariff strategy -- risky as it is -- seems to be working. The master negotiator is hammering out agreements -- first with the Europeans and now with Mexico -- that are better deals for American firms and workers.
There's an old cliche that the Federal Reserve likes to take away the punch bowl just when the party is getting going. That's what President Trump suspects that Fed Chairman Jerome Powell is doing now by raising interest rates at a time of a booming economy.
Take a wild guess what country is reducing its greenhouse gas emissions the most? Canada? Britain? France? India? Germany? Japan? No, no, no, no, no and no.
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.