The U.S. economy peaked in late 2019 at $21 trillion. We are now remarkably 98% back to where we were before the terrible COVID-19 pandemic slammed these shores 14 months ago. This rebound is one of the outstanding U.S. achievements in history. Since June of last year, the economy has rocketed by 34% in quarter 3 of 2020, 4.2% in quarter 4 of 2020 and now 6.4% in the first three months of 2021. So far in this current quarter, growth is more than 10%.
Commentary By Stephen Moore
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Why Did Biden Census Bureau Add 2.5 Million More Residents to Blue-State Population Count? by Stephen Moore
There is something very fishy about the new 2020 Census Bureau data determining which states picked up seats and which states lost seats.
Another pro-President Joe Biden union just told it's rank-and-file members: Sorry, guys, you are all fired.
It's not too often that Republicans embrace the agenda of leftist Sens. Bernie Sanders and Elizabeth Warren. But it's happening.
Am I the only one who finds it head-scratching that President Joe Biden, who wants to spend $2 trillion of taxpayer money on "infrastructure," is the same president whose first act in the White House was to kill a multibillion-dollar oil and gas pipeline that would create some 15,000 jobs? The Keystone pipeline that he canceled was vital to our energy infrastructure and wasn't going to cost taxpayers a penny.
President Ronald Reagan used to refer to our country as "these United States," not "the United States."
Rep. Jack Kemp used to say that minority voters "don't care what you know until they know that you care." Democrats have cleaned up with Black and Hispanic voters (although a little less so with each passing election) by professing how much they care.
Back in the 1970s, the nation of Chile embarked on one of the boldest sets of free market economic reforms in history. The government called in the Chicago Boys, as they were called, led by Milton Friedman and other University of Chicago free market economists.
In 1978, when I was 17 years old, I worked as an usher at concerts and sporting events earning $2.25 an hour, the minimum wage. I had to surrender about 15 cents of this meager hourly wage to a union I was forced to join. I could never understand what a union was doing to help me since the company had the legal requirement to pay me $2.25. I was infuriated over the principle of this confiscation by labor bosses I had never met.
Congressional Democrats are a runaway train with a drunk-on-power conductor in House Speaker Nancy Pelosi. No matter how much evidence pours in that the economy doesn't need $1.9 trillion more in debt spending, the Pelosi locomotive keeps crashing down the track toward the financial cliff. Generations will have to pay for the joyride.
Throughout the midsection of the United States in February, record frigid temperatures were inconvenient for those politicians who call global warming an "existential threat."
Last week, I visited South Florida for four days, and what a shock: Everything was open. The beaches, the hotels, the restaurants (with some sensible safety and social distancing restrictions). The classrooms are full.
In Naperville, Illinois, the school board announced it would distribute $10 million back to taxpayers this year. Yes, a tax refund.
Is there even one half-sane Democrat that will stand up and denounce the fiscal atrocity of President Joe Biden's $1.9 trillion spending bill? Is there not one single patriotic Democrat in the entire country who will speak out? The silence is deafening.
When giving speeches and talking to audiences, I've often been struck by how few Americans, even those who are highly educated, have any idea where the energy they use in their home or business comes from. I've asked college students where the electric power is generated, and they shrug and then point to the electric socket in the wall. The electric currents just come magically through that plug.
About two years ago, one of my wife's best friends began to turn down invitations to get together. Then, out of the blue, she unfriended my wife on Facebook.
With Democrats about to control all the levers of power in Washington, the biggest winners might be the wind and solar companies. These firms' stocks continue to surge mostly because President-elect Joe Biden has pledged to invest several hundred billion dollars in green energy through a pipeline of taxpayer-funded grants, loans, tax credits and loan guarantees.
We were all told that 2021 would be a better year for the country, but the first two weeks could hardly have been worse. The left is out to discredit not just President Donald Trump and his indefensible behavior since the election but also his ideas. They are triumphantly saying that free market conservatism is dead and that the era of big government is back with a vengeance. Not so fast.
We are now almost one year from the dark days when the coronavirus first hit these shores. Why are the politicians' making the same policy mistakes today that they made nine months ago? The 300,000+ deaths are an act of nature, but the virus's death and despair have been compounded by acts of man -- i.e., foolish politicians.
Nearly everyone has seen the classic movie "The Shawshank Redemption." Well, it turns out there is a real life "Red" Redding, the character played by Morgan Freeman. He is in prison in Alabama. He has been there for nearly 40 years. He was guilty of his crime: a murder he committed as a teenager in a drug operation. But so many people who have interacted with Rutledge in prison see the similarities in character with Red.