Reducing the debt when economic indicators are in flux on April 2, 2018The Trump economy was soaring at a much higher altitude this year until it ran into unexpected turbulence that sent the stock market into a nose dive. The Dow Jones Industrial Average had cruised to an all time high of 26,616 points on Jan. 26, only to run into a line of stormy weather that […]
The anticipated tax legislation on December 4, 2017Benjamin Franklin, who famously said that nothing in this world can be certain “except death and taxes,” would love the Republican tax cut bill that’s headed for a vote in the Senate this week. The historic tax cut legislation, approved by the Senate Budget Committee on a party-line vote, would slash the corporate tax rate […]
Following Reagan’s tax cut footprints on October 23, 2017President Trump and Republican lawmakers have plenty of legislative disagreements, but there is one issue that entirely unites them: tax cuts. It isn’t getting the full attention it deserves from the liberal news media here, but there hasn’t been this much unity among Republicans on a transformative economic issue since Ronald Reagan. Mr. Trump has […]
The cure is tax policy, not trade on June 12, 2017America’s lethargic economy isn’t doing so good and President Trump’s tax cut plan to get it growing again is stalled in Congress for the foreseeable future. Economic growth is weak. Consumer confidence fell in May for the second straight month. Manufactured goods orders dropped in April. The Federal Reserve is hedging on its plans to […]
The economy shifts into pro-growth gear on February 26, 2017After little more than a month in office, President Trump’s sweeping tax-cutting reforms have had a huge impact on the economy, both here and abroad. In anticipation of across-the-board, revenue neutral tax legislation, U.S. stock markets have shot up to historic gains, signaling that Congress is preparing to shake off eight painful years of economic […]
The underperforming Obama economy on February 5, 2017The anemic, underperforming Obama economy ended with a whimper in December, a victim of his anti-growth, anti-capital investment, tax hike policies. You probably didn’t see any mention of it in the nightly network news shows last month, because, for the most part, they didn’t report it. Mr. Obama’s bedridden economy was defined by three things: […]
The problem with tariffs on January 8, 2017Donald Trump won the presidency, in large part, by promising working class voters that he would create lots of new jobs by imposing tariff taxes on imported goods. One of the big problems with the US economy, he told voters, is that we’ve been sending jobs overseas through bad trade agreements that flood our stores […]
The administration billionaires on December 4, 2016President-elect Donald Trump and his Cabinet nominees won’t be in office until next month, but the stock market is already showing bullish signs of better days ahead under his pro-growth, tax reform agenda. On Wall Street, they’re calling it “the Trump rally” that has sent the Dow soaring into record territory solely on the expectations […]
Unhappy choices and a weak economy on October 30, 2016Donald Trump was promoting business this week, his own, at a ribbon-cutting ceremony for his newest luxury hotel, a few blocks from the White House. While the presidential election raced on without him, he was boasting that he finished the project under budget and ahead of schedule, and was now open for business. However, while […]
Federal Reserve Chairperson Janet Yellen charts gloomy expectations with no end in sight on June 18, 2016 Tighten your seat belts because the US economy is in for another frightening bumpy ride that Federal Reserve Chair Janet Yellen calls the “new normal.” That means we’re facing a prolonged period of much slower job creation and painfully anemic economic growth in the middle of a deeply divisive presidential election. In a downbeat […]