Remember when Democrats complained that $5.7 billion for a border wall was too expensive? Well, that's chump change compared to what many of the congressional Democrats and nearly all of those 15 declared Democrats in the presidential race are now rallying behind.
The price tag isn't in the billions but in the tens of trillions. President ...Read more
In almost every case, whenever a tariff or quota is imposed on imports, that tax is strongly supported by the domestic industry getting the protective shield from lower-priced foreign competition. The sugar industry supports sugar tariffs; textile mills lobby for tariffs on foreign clothing. The steel industry and the aluminum makers are getting...Read more
President Trump gave one of his most memorable and impactful speeches two weeks ago, when he systematically dismantled the case for socialism. In that speech, he recalled the economic harm and destruction in nations that have adopted socialism, communism or Stalinism. "America will never be a socialist country," Trump pledged in his speech in ...Read more
"This is the flip side (of) tax the rich, tax the rich, tax the rich. The rich leave, and now what do you do?" said New York Governor Andrew M. Cuomo on Feb. 4.
After the Trump tax cut went into effect one year ago, we predicted that the Trump tax reform would supercharge the national economy but could cause big financial problems for the five ...Read more
Does anyone know where all those free trade Democrats went?
Since Donald Trump burst onto the scene, liberal policy wonks and their Democratic allies have had a field day torching him for his tariff policies. Last year when I testified before the Senate on auto tariffs, nearly every Democrat on the committee, including Elizabeth Warren of ...Read more
Rep. Alexandria Ocasio-Cortez, New York Democrat, has released her Green New Deal plan to the nation -- and to great applause from the Democratic Party.
This multitrillion-dollar manifesto isn't just about saving the planet from climate change -- though that is the centerpiece. It also includes a whole social justice agenda that includes ...Read more
Well, what do you know! It turns out that amateur economist Donald J. Trump knows more about sound monetary policy than Fed chairman Jerome Powell and his team of hundreds of Ph.D. economists.
Call it street smarts or call it business moxie, but Trump was dead right when he attacked the Fed, first in September and then even more savagely after ...Read more
The government shutdown is over -- for now -- but the political ramifications are still being sorted out. The media has been chortling that Donald Trump "caved," and he may well have lost this battle with congressional Democrats. Their "victory," such as it is, is to notify American voters that they are so opposed to a wall and a secure border ...Read more
On Saturday, Donald Trump shrewdly flipped the table on Nancy Pelosi in the government shutdown standoff. He has now proposed a grand bargain on immigration: legalization of some 1 million so-called Dreamers -- the foreigners who were brought into the U.S. illegally by their parents -- and an immediate end to the shutdown, if she agrees to ...Read more
Oh how far the Democratic Party has fallen. In recent days, we've seen the new darling of the Democrats, Alexandria Ocasio-Cortez, crusading for a 70 percent income tax rate.
According to a Washington Times report on Thursday, several prominent Democratic presidential wannabes, including Sen. Elizabeth Warren of Massachusetts, are arguing for ...Read more
In the months after the election of Donald Trump, there was a mini-political movement in California to get the Golden State to secede from the Union.
It didn't get off the ground, though during a recent trip to Northern California, many of the people I met were still so distraught over the Trump presidency that were he to win re-election, ...Read more
If 2017 was the year of the investor -- with stock market gains of more than 25 percent during President Donald Trump's first year in office -- then 2018 was undoubtedly the year of the American worker.
These past 12 months have slammed Wall Street hard, with half of 2017's stock blockbuster gains surrendered. But for now, prosperity has ...Read more
In one of the most remarkable Abbott and Costello routines in modern times, the economic wizards at the Fed again raised interest rates on Tuesday. Their crackerjack logic for doing so is to steer America on a course toward recession so they have the tools in hand to end the recession that they themselves created. Can anyone tell us who's on ...Read more