If you think the supply chain problems, empty shelves in stores and higher inflation are problems now, wait a few weeks; they are likely to get worse. And this isn't a result of hurricanes, the pandemic or other acts of nature. It's all due to political incompetence that starts in the Oval Office.
Back in early 2016, when Larry Kudlow and I suggested that then-presidential candidate Donald Trump propose a 20% business tax rate for U.S. companies (down from the highest in the world rate of 35%), he enthusiastically endorsed this "America First" policy -- not because he loved corporate America but because he realized that as long as small and large American companies were paying the highest tax rates, jobs and factories would continue to move offshore.
With each passing week, it looks like World War III -- between America and China -- is coming sooner than we think. It's not going to be fought with bullets or aircraft carriers, although the Chinese are building up their military in an aggressive and threatening way.
While the greens in America, including their champion zealot, President Joe Biden, howl their primal screams over climate change, the rest of the world is turning to coal. The dark stuff. The satanic fuel. But it's back big-time across the globe.
President Joe Biden keeps boasting that all the new jobs his programs will supposedly create will be "good-paying union jobs." But, Joe, what about the 93% of private sector workers who are (SET ITAL)not(END ITAL) members of unions? Does he care about them?
Pork is being served in Washington again. Big juicy slices to the lobbyists with the deepest wallets and the campaign contributors who write the biggest campaign reelection checks. It is the way of the swamp. It is the currency of the Washington Beltway. It explains how people get so rich in politics.
The Labor Department reported this week that there are now a record 10.9 million jobs open in America. That's twice the size of the entire Ohio workforce.
Democrats have made a living in recent times with political attack ads fallaciously accusing Republicans of secret plans to destroy Medicare and Social Security.
President Joe Biden describes his $3.5 trillion spending scheme as a way to improve the economy and "build back better."
The housing market is hot, hot, hot right now, and home prices continue to soar in many markets to their highest prices ever. Since it doesn't cost a real estate agent ten times as much to sell a million dollar home than a $100,000 home, one would expect that the percentage fees for real estate agents would be falling.
Milton Friedman used to quip that, in Washington, if a government program is working, Congress says we need to spend more money on it. And if a government program is failing, Congress concludes we are not spending enough money on it.
Sometimes, when you go into a store with expensive merchandise on the shelves, you will see a sign that reads, "You break it, you buy it."
Take a bow, America. It's official and irrefutable: The U.S. is blowing out the rest of the world in tech leadership. No other country in the world comes anywhere close in tech innovation and the dominance of our made-in-America 21st-century companies.
I have never bought the conspiracy theories that COVID-19 was a diabolical political plot to undermine the country. But what is apparent with each passing week is that the virus has been the springboard for the left's agenda to transform America in a way that Sen. Bernie Sanders, Michael Moore or Rachel Maddow could have never imagined.
Despite its liberal tendencies, The Washington Post editorial board once acknowledged that in a democracy, "everyone can't be entitled to everyone else's money."
The price of oil surged to $75 a barrel the other day under President Joe Biden's green energy policies. The price was as low as $35 a barrel under former President Donald Trump because he believed in American energy dominance ("Drill, baby, drill"). So, more oil meant lower prices at the pump. It was effectively a massive, multibillion-dollar tax cut for lower- and middle-income earners of tens of billions of dollars a year.
I'm no lawyer, that's for sure, and so I don't have expertise on the intricacies of the law, but I am angry as a hornet by the recent Supreme Court decision upholding the federal "eviction moratorium."
No one is paying much attention, but Washington is building up a vast new multitrillion-dollar welfare class: corporate America.
President Joe Biden's performance at the meeting with foreign leaders in Britain last week was a disgrace. Biden cut deals with Britain that sold out America's interests, and for doing so, he won the worshipful accolades of the Europeans, the Brits and the Canadians. It's amazing how popular you are at a party when you pay everyone's bills. Except Biden isn't spending his own money, of course. He's spending ours.
Almost exactly a year ago, race riots paralyzed more than a dozen of America's great cities, from New York to Seattle. The smoke hasn't gone away.
