If We Soak the Rich, Will Everyone Get Wet? By Stephen Moore
President Joe Biden describes his $3.5 trillion spending scheme as a way to improve the economy and "build back better."
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.
The Biden White House is furiously trying to cajole congressional Republicans into signing off on his $2 trillion "infrastructure bill." So far, they've held firm in saying not just no but "hell, no" to new taxes and spending to pay for all this.
Paul Ehrlich wrote one of the most famous and bestselling books of the 20th century. It was called "The Population Bomb." It was 300 pages of doom and gloom. The planet was being destroyed because human beings were reproducing like Norwegian field mice. It was a Darwinian nightmare leading the species inexorably back to a Neanderthal subsistence level existence.
One of my early memories, and not a happy one, is sitting in gas lines in the 1970s. My parents would rustle me out of bed early on frigid February mornings, and we'd pack into the Ford and speed over to the gas station.
Every time I hear Democrats sermonize about following "the science," I feel as though I'm listening to members of the Flat Earth Society. Science is what the left wants to believe to be true. It has become a way to shut off debate, not advance it. Remember: These were the fools who told us to shut down our schools for a year.
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%.
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.