When new British Prime Minister Liz Truss suggested lowering the United Kingdom's highest tax rate from 45% to 40%, along with a 1% reduction in the income tax rate for all taxpayers, the bond markets and the central bankers around the world went stark raving mad.
In just the last few weeks, Liz Truss, Britain's new prime minister, has been denounced by critics as a "fascist." So has Giorgia Meloni, Italy's newly elected prime minister. Along with all Republicans in Congress, Texas and Florida GOP Govs. Greg Abbott and Ron DeSantis and, of course, former President Donald Trump. Every one of the tens of thousands of "MAGA Republicans" who attend Trump rallies, too.
Just in time for the heat of the election season, a federal agency called the Commodity Futures Trading Commission has announced it will no longer allow betting on political and election outcomes.
President Joe Biden recently announced, with great fanfare, his Cancer Moonshot initiative. Biden used soaring and promising rhetoric about, at last, finding a cure for one of the world's leading killers.
What is it about those on the Left of the political spectrum that they seem to not just live in perpetual fear of apocalypse and doom but they actually embrace it? It is their raison d'etre.
The left has always hated cars -- or at least the idea that there should be a car in every driveway. Now, it is stepping up its assault.
In September 2020, at the first presidential debate between him and President Donald Trump, Democratic nominee Joe Biden infamously declared, "Nobody's going to build another coal-fired power plant in America" if he won the White House against Trump.
The great Rush Limbaugh used to say that "the modern environmentalists worship the created, not the creator." I was reminded of that after listening to House Speaker Nancy Pelosi once President Joe Biden signed the fiscally unconscionable $750 billion tax-and-spend Inflation Reduction Act, which gives another $369 billion to the climate change-industrial complex.
The Biden administration has a lot of nerve proposing to double the budget of the Internal Revenue Service and add 87,000 employees.
Everyone should be deeply troubled by the recent report that the Army is on pace to miss its recruiting goal by dozens of thousands of troops and by the report that followed a few days later, alleging that the Border Patrol is running short of agents in Arizona and Texas. The border is so porous these days that even mayors of sanctuary cities are starting to complain about illegal immigration.
The first thing to remember about the reconciliation bill Sens. Joe Manchin and Chuck Schumer agreed to Wednesday is that, despite its utterly preposterous name, it has absolutely zero to do with inflation. The Inflation Reduction Act of 2022 is crammed with the very same spending, corporate welfare, price fixing and tax hikes that were part of Build Back Better -- long-desired progressive wish-list agenda items. Pumping hundreds of billions into the economy will do nothing to alleviate inflation. The opposite.
Any aging baby boomer (like myself) knows that the anthem of the radicals of the 1960s and 1970s was sex, drugs and rock 'n' roll. Let the good times roll. Back then, the joke was that a conservative was someone who lived in mortal fear that someone, somewhere, was having fun.
Liberals are very good at chasing rich people out of their states.
Remember how the world, especially the American media, fawned over former German Chancellor Angela Merkel?
Here's an amazing but true statistic. After more than a decade of declining carbon emissions here in the United States, in 2021, President Joe Biden's first year in office, emissions rose.
Joe Biden has become America's "it's not my fault" president. Whether it's the inflation, the border, the crime, the gas prices, the Afghanistan exit fiasco or the stock market collapse, Biden has become an expert at pointing the finger at someone else.
Last week, I was invited to testify before a House committee hearing titled: "How the Biden American Rescue Plan Saved the Economy and Lives." I am not making this up. Can you imagine taking a victory lap, given our current conditions?
I've been struck by the opinion divide on the state of the economy between people with real jobs in America and the elite opinions in Washington.
With President Joe Biden's Build Back Better agenda in ruins, Democrats want to blame Big Business for the mayhem of high inflation and a collapsing stock market.
In this administration, it's always someone else's fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Donald Trump's tax cuts. Then Vladimir Putin. Then meatpackers and the poultry industry, Big Oil and pharmaceutical companies.
