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Thursday, February 28, 2019

See I Told You So: GDP Growth Tapers Off

Never bark at the Big Dog. The Big Dog is always right.

For the better part of 2018 I kept telling other think tank wonks, blog readers, politicians and others who were on the issue, that the U.S. economy was not at all growing at four percent per year. The 4.1 (revised 4.2) percent growth number pumped out by conservative pundits last summer, was not a correct measurement of annual growth.

I have also pointed out that the profile of the Trump tax cuts would not lead to sustained, high growth rates.

I was right, of course, but people kept telling me that I was not. Well...

Wednesday, February 20, 2019

Irving Kristol the Socialist

The Republican party, under the leadership of Senator Mitch McConnell, former House Speaker Paul Ryan, current Minority Leader Kevin McCarthy, Conference Chair Liz Cheney and head of policy development Gary Palmer, has a formidable and unique responsibility on their hands. It is their job to stave off an existential attack on the United States, mounted by the Democrat House majority. 

Sunday, February 17, 2019

When Parallel Lines Merge in Politics

One of the axioms of Euclidean geometry is that parallel lines never meet. In politics, however, they do.

Over the past half century, the left and the right in American politics have drifted closer and closer to one another. It will only take three key bills to pass Congress, and the parallel lines of conservatism and liberalism will finally merge.

Tuesday, February 12, 2019

America's Leftist Future

Economically, all socialist politics has one goal: to eliminate the economic differences between individual citizens. Over the years, many good economists and other writers have explained what this means in reality, from F A von Hayek's book The Road to Serfdom, to my good friend Dan Mitchell who pointedly asks: "What motivates the left, disdain for the rich or a desire to help the poor?" He  concludes that

Friday, February 8, 2019

Time for GOP To Stop Advancing Socialism

As I mentioned yesterday, the Republican leadership is exhibiting a remarkable level of cluelessness in the face of the young, radical crop of socialists now taking over the Democrat party. In a feeble attempt to fight yesterday's ideological war in tomorrow's election, GOP Conference Chair Liz Cheney and President Trump have joined forces in tagging those radicals as "socialists".

It is not working, for two reasons. 

Thursday, February 7, 2019

The Ideological Fight for America's Future

The new crop of young socialists in Congress are ramping up their efforts to advance their ideology. With their hub group, a radical-leftist outfit called Justice Democrats, they are challenging the Democrat party establishment in a way that is being compared to what the Tea Party did to the Republican establishment.

And just like the Republican party insiders, the leadership in the Democrat party is taken aback and does not quite know what to do.