Beware the Obamacare industrial complex on August 21, 2017The danger of a Republican bailout of Obamacare is mounting with every passing day. A group of “moderate” Republicans calling themselves the Problem Solvers Caucus is quietly negotiating with Democratic leaders Nancy Pelosi and Chuck Schumer to throw a multi-billion dollar life line to the Obamacare insurance exchanges. This bailout, of course, would be an […]
The Trump Economy on August 14, 2017Well finally we are getting that “Summer of recovery.” The July jobs report was a blockbuster – solid job gains across the economy, lowest unemployment rate in more than a decade, and a nice bump up in wages. This was a report that transcends spin. You just have to tip your hat to American businesses […]
Why coal is number one on August 7, 2017Quick: what was the number one source of electricity production in the US during the first half of 2017? If you answered renewable energy, you are wrong by a mile. If you answered natural gas, you were wrong by a tiny amount. According to the Energy Information Administration (EIA), which tracks energy use in production […]
Making America energy dominant on July 10, 2017In his latest policy speech, President Donald Trump renewed his promise of an era of American global energy dominance. He said that this energy superpower status would be gained by using “all of our energy resources.” He also noted that in just six months, “we reduced the petroleum share of the trade deficit by 5 […]
Much faster growth right around the corner on June 25, 2017Every day there are legions of new economists who dismiss the Donald Trump economic agenda and his forecast of 3 percent growth as a wild-eyed fantasy. The consensus is that the economy “can’t possibly grow at 3 percent” says The Wall Street Journal. “Slow growth is the new norm, so get used to it,” writes […]
The sickening effect of Obamacare taxes on May 22, 2017In many ways was a massive trillion-dollar tax increase masquerading as a health reform plan called Obamacare. Certainly, the extremely negative economic effects of these tax hikes have been underreported by the media. Republicans are right to fight for their total repeal, but the left has retaliated that the Republican plan is a tax cut […]
Americas sickly health insurance system on May 15, 2017I’m beginning to wonder whether anyone in Washington or in the media has the slightest clue what insurance is? Here is a standard dictionary definition of the term: “Insurance – A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an […]
How government makes the poor poorer on April 17, 2017For all the obsession in Washington and in college faculty lounges over income inequality, why isn’t there more outrage over government policies that exacerbate the problem? There are hundreds of programs that make the poor, poorer and increase poverty in America. Many of them were exposed last week by my colleagues at the Heritage Foundation […]
What Congress can learn from the Rhode Island miracle on April 10, 2017You’d be hard-pressed to find a more poorly designed program in the federal budget than Medicaid – the federal health insurance program for the poor. The costs are shared between the states and the feds, which means that the more money a state wastes under Medicaid, the bigger the check that Washington writes to the […]
Saying yes to 4 percent growth on March 13, 2017Imagine if John F. Kennedy’s advisors had told him in 1961, we will never put a man on the moon. Or what if Ronald Reagan’s advisors had assured the Gipper: the Cold War is unwinnable; we should sue for peace. Actually many naysayers told JFK and Mr. Reagan exactly these things, but fortunately these presidents […]