For the past 30 years or so, the Left has invented a narrative that there are two Americas: a group of very super-rich people (the one-percenters) who have prospered over the past several decades, and everyone else who has gotten poorer. It's a fairy-tale narrative because almost all Americans have seen financial progress. The median household income adjusted for inflation rose by more than 40% since 1984.
The rapid succession of bank failures last spring clearly spooked federal regulators at the FDIC, the Federal Reserve Board and bank depositors.
The bad decision-making at Silicon Valley Bank, Signature Bank and First Republic Bank caused the regulators to implement emergency life preserver measures to banks and conjured up memories of the 2008 financial crisis.
The latest Census Bureau data on population changes in America should have been a wake-up call to lawmakers in blue states and cities.The Census data provide even further evidence that "soak the rich" tax policies have incited a blue-state meltdown.
Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times.
Nothing exemplifies America's tech industry dominance in the global economy more than the meteoric rise of what is now being called the "Magnificent Seven" stocks -- Amazon, Apple, Google, Meta, Microsoft, Nvidia and Tesla. These companies
single-handedly account for nearly all the gains in the stock market this year. They -- which is to say we as American shareholders who own them -- have a net worth of nearly $10 trillion.
The late, great humorist P.J. O'Rourke used to quip that everyone wants to save the world, but no one wants to wash the dishes.
There's a political cartoon going around that shows John F. Kennedy and Robert F. Kennedy sitting on a couch watching a speech by Robert F. Kennedy Jr. The two hold their palms to their heads and moan that their legacy is being twisted and ruined.
Let's face it. Anyone who works in, or just visits, the Wall Street area of Manhattan can't deny the aura of power and money isn't what it was 20, 30 or 50 years ago.
In the last several months, I have debated some of the intellectual leaders of a group called the "national conservatives."
One of the most enduring lessons of American history is that the banning of liquor sales and consumption ("the noble experiment") was a colossal failure. Drinking didn't go down much, but the profits ended up going not to legitimate businesses but bootleggers and the mob, while the murder rate soared to all-time highs in American history. It was the policy that made America's most famous gangster, Al Capone, famous -- and rich.
One of the textbook marketing flops of all time was the Ford Edsel sedan, which was heralded as the hot new car in the late 1950s.
All the automotive experts and Ford executives said it was a can't-miss. Henry Ford (the car was named after his son) guaranteed hundreds of thousands of sales.
After spending $6 trillion on social welfare and a Green New Deal spending spree and running our national debt up to $33 trillion, President Joe Biden is asking to whip out the federal credit card yet again for $100 billion more in military assistance for Ukraine and Israel and "humanitarian" aid.
Perhaps what's most distressing about the latest collapse in high school test scores is that no one seems to be very distressed.
When I was growing up and attending Catholic schools, I was taught that the pope is infallible.
Why has Sen. Dick Durbin (D-Ill.) declared war on credit cards?
Americans are in love with paying with plastic.
House Republicans are in another titanic battle with President Joe Biden on how to balance the budget. Actually, it's a lopsided debate
You may have heard the Biden Justice Department is suing Google in federal court for being a "monopoly." That's a bizarre charge given that few, if any companies in all American history have lowered prices more than Google -- which provides access to information that used to take hours or days to find -- with merely a click of a button, and instantaneously. And it does it basically for free.
What's worse? When politicians shut down the government, or when they lock down businesses, stores, schools, churches and restaurants -- and nearly all private commerce in America?
In boasting about Bidenomics two weeks ago in Milwaukee, President Joe Biden declared that his policies are "restoring the American dream." Then he went into his creepy whispering mode and assured us "it's working."
COVID mania just won't go away. The deadly strains of the virus have been gone for two years now, and yet the recent outbreak of a mild flu-like variant is again stoking panic on the Left.
