Joe Biden keeps claiming to be a centrist Democrat.
Polls show that, while most realize that President Donald Trump would be better for our economy than Biden, many think that old Uncle Joe's economic plan is relatively harmless and won't endanger jobs, paychecks or retirement savings.
Think again. Let's look at what's actually in Biden's ...Read more
The great Jackie Gleason once said, "The past remembers better than it lived." And so it is, apparently, with the Obama years.
There was no economic "boom" as Joe Biden and Kamala Harris are misremembering. This was an economy that skidded into a financial ditch and seemingly never pulled out of it and got back on the prosperity hot lanes until...Read more
One thing we learned from the debate in Cleveland last Tuesday, when Trump wasn't interrupting, is that Joe Biden makes up numbers on the fly. There was a lot of fibbing going on. Consider this exchange between the two candidates:
BIDEN: We handed (Trump) a booming economy. He blew it. He blew it.
TRUMP: It wasn't booming.
WALLACE: Sir, wait....Read more
In the second half of the 20th century, from 1950 to 2000, Black people in the United States experienced much larger income gains than whites did. The group that had the largest income gains, by far, was Black women. Their incomes nearly doubled over that period (after inflation). The race gap persists, but it is much lower today than it was in ...Read more
The Democrats are rewriting history, celebrating the Obama record on the economy as if these were the salad days for America. In Washington parlance, that is called "misremembering." The reality is that the Obama tax-and-regulate agenda led to the weakest economic recovery from a recession since the Great Depression.
This week, the Census ...Read more
Joe Biden just can't get his story straight on his green energy promises.
In Pittsburgh, in front of union workers last month, he declared: "I am not banning fracking. Let me say that again. I am not banning fracking. No matter how many times Donald Trump lies about me."
But that is far from what he was saying earlier this year. During a March...Read more
In his acceptance speech at the Democratic National Convention, Joe Biden had this uninspiring assessment of America's current predicament: "The president keeps telling us the virus is going to disappear. He keeps waiting for a miracle. Well, I have news for him: No miracle is coming."
Actually, as an American, I feel it's hard NOT to believe ...Read more
President Donald Trump isn't the first incumbent president to run for reelection facing a deficit in the late summer polls. At this stage of the election cycle in 1948, no one thought Democrat Harry Truman had a prayer of winning as he sank in the polls.
Newsweek magazine likened the Truman campaign in the month before the election to a "ship ...Read more
Democrats keep attacking President Donald Trump's idea of a payroll tax cut for 140 million American workers. At the Democratic National Convention, Joe Biden said it would endanger Social Security. Senate Minority Leader Chuck Schumer of New York rejects the tax cut as "unworkable." House Speaker Nancy Pelosi dismisses the plan as a "tax cut ...Read more
It seems obvious that President Donald Trump is going to need a blockbuster economic revival if he hopes to win reelection in November.
Part of the equation to achieve that spring back is to resist trade protectionist temptations. But will he?
While everyone likes the sentiment of bringing manufacturing jobs back to America, trade barriers ...Read more
One way President Donald Trump built the best economy in 30 years was by attracting nearly $1 trillion of foreign capital to these shores. This money got invested in new business startups and expanded existing Made-in-America businesses. This "repatriation tax holiday" worked like a charm. Millions of jobs were created -- and this was a major ...Read more
Not everyone is suffering job loss, income declines and financial devastation from the coronavirus pandemic. Some people are looking to get rich off the tragedy. Trial lawyers see COVID-19 casualties and images of asbestos and tobacco lawsuits dancing in their heads. They are drooling over the prospects of a $100 billion COVID-19 jackpot. The ...Read more
Back in 2009, Nancy Pelosi infamously declared the best way to revive the economy was to dole out ever more generous food stamps and unemployment benefits. The more people collecting welfare the better. At the time, this notion seemed laughable. Now this economic illiteracy seems to have become a conventional wisdom.
This was a headline in the ...Read more