Tag: GDP

Need to Know 8/8/18

Investigative research by the Daily Caller has revealed that the Chinese spy working for Diane Feinstein was not just her driver.  Comparing dates and time periods, the Daily Caller identified Feinstein’s spy staffer as Russell Lowe, a Chinese-American, who’s actual title was “Office Director”.   He worked with Feinstein in this sensitive role for 20 years while providing information to the Chinese government.  Feinstein forced him into retirement when the FBI informed her of his espionage.  He now works for the Education for Social Justice organization.  Little else about him or his background is known at this point.

Feinstein’s Chinese spy “driver” was actually her “Office Director”

A leaked memo from the desk of Democrat Senator Mark Warner is making waves.  Warner called for intense regulation of internet platforms to promote his idea of “fairness”.  Among the proposals, common tools like Google Maps would become publicly regulated and subject to government anti-discrimination rules.  The plan would also make internet platforms liable if they don’t introduce greater censorship of users.  Anonymity of political writers online would become a thing of the past under this plan.  The combination of outing anonymous political writers online and subjecting them to potential lawsuits of the government disagrees with the information they share is a very dangerous step towards the destruction of free speech on the internet.

Leaked Democrat memo calls for curbs on internet free speech

Another win for the economy as 2.8 million have dropped off of food stamps since Trump became President.  This combined with unemployment below 4% and GDP growth above 4% make it more and more difficult for anyone to argue that the Trump economy has not been amazing so far.

2.8 million fewer on foodstamps

Need to Know 7/28/18 Saturday Edition

Are Americans paying attention?  Yesterday’s economic report showed something the pundits said was impossible.  In fact, in October of 2016 anti-Trump economists said 4% GDP was impossible.  Yesterday the 2nd quarter GDP report came in at 4.1%.  Regardless of what the Left suggests, this sort of economic growth comes from relaxing crushing regulation, cutting taxes, and creating a pro-business environment.  Meanwhile, Democrats continue to run on raising taxes and undoing what Trump has done with the economy.  As the polls tighten, the idea of a blue wave is raising it’s ugly head again.  But Americans need to stop and look at what Trump has accomplished with the economy.  Do we really want to go back?

American prosperity of Trump Era marks turning point in history

Contrast that with Alexandria Ocasio-Cortez.  Ocasio-Cortez was on the Trevor Noah show talking about how to raise taxes on the rich and poor to get another $4 trillion in annual revenue, more than doubling the current size of government.  Ocasio-Cortez suggested the wealthy and businesses weren’t paying enough of their fair share even before the Trump tax cuts.  With some odd math, she seems to be suggesting that we could raise taxes, but not quite as high as they were before Trump, to get more revenue.  As a result, the wealthy would finally be paying their “fair share” of $2 trillion more than they pay already.

But on top of that, Ocasio-Cortez calls for a carbon tax and deep cuts to the military to make up the other $2 trillion.  Of course, the ENTIRE military budget is about $600 billion.  So even if we eliminated the entire military under the Ocasio-Cortez plan, we’d still be short $1.4 trillion dollars.  With the rich paying their “fair share”, that money has to come from somewhere.  She suggests a carbon tax, which would hit every consumer rich or poor.

That’s the Democrat vision.  Kill the economy with taxes on businesses, tax the pants off the poor, and more than double the size of government.  Then government will finally be powerful enough to turn our nation into Ocasio-Cortez and Warren’s version of liberal paradise.  Or we’ll be crushed by debt when they realize you can’t raise $7 trillion in taxes on a failed economy.

Ocasio-Cortez calls for a $4 trillion tax hike to implement the Liberal agenda

Democrat Joe Manchin of West Virginia is breaking ranks and agreeing to meet with Judge Kavanaugh next week.  Sen. Chuck Schumer has ordered a zero tolerance policy towards Republicans, including 100% obstruction.  But Manchin is one of several Democrat Senators who faces an uphill election battle this year.  As the Democrats become more and more radically pro-abortion and radically pro-tax, blue dog Democrats in red states are facing more difficult challenges.  Manchin is on the DNC November endangered list.  Now he’s stuck between angering his red state by not meeting with Kavanaugh, or angering his Democrat base by meeting with Kavanaugh.

Joe Manchin violates Schumer’s zero tolerance policy

Need to Know 7/27/18

It’s all about the GDP.  Markets are anxiously awaiting this morning’s GDP report, hoping for 4.2% quarterly growth.  If it happens, it’ll be a good indicator that the economy continues to rise at a rapid rate, even after the rapid growth from last year. It would also make the argument against Trump’s tax reform even weaker.

Wall Street awaits GDP report

Speaking of tax reform, Elizabeth Warren bumbled through an interview when she was asked what tax rate is too high.  The poor CNBC journalist tried to help her out.  “Do you feel…that it’s wrong for more than half of somebody’s marginal income to be taken?” “Is 50 percent obviously too high?” Finally, as Warren continued to indicate that 50 percent may actually be too low, John Harwood went for the moon. “…obviously ‘no, 90 percent, that’s ridiculous'”.  Warren finally capitulated.

Warren has the blessing of many Democrats to be the top 2020 DNC Presidential contender.  But they will have to figure out how to deal with her ignorance about what taxes do to families and how the economy works.  When Ocasio-Cortez ignorantly claimed that unemployment was low because people were working two jobs, Warren doubled down on the erroneous claim by saying it was actually because people were working as many as four jobs.  Hopefully she can get some help on the economic front.  When it comes to the economy, Trump is definitely winning.

Warren suggests hypothetical 50% tax rate is too low

On the legal side for Trump, it’s a mixed bag.  While rumors from unnamed sources about the Mueller investigation have turned out to be mostly blowing smoke, there’s a new one out today saying Mueller is going to be looking at Trump’s tweets to see if he obstructed justice.  That would be a stretch.  As Guiliani pointed out, people don’t generally obstruct justice in public for millions to see.  This appears to be grasping for straws.  They would have to prove that Trump was somehow giving instructions to witnesses or intimidating people through Twitter.  That would also mean Mueller would have to take Trump’s 3am Twitter persona more seriously than Peter Strzok’s texts to his mistress.

Even if Trump did try to obstruct justice on Twitter, the Bill Clinton precedent on obstruction would make it very hard to successfully argue for consequences.  Clinton secretly intimidated witnesses, instructed them to lie, matched up stories, then committed perjury himself.  The Senate failed to reach a two thirds majority and ended up acquitting him.

Mueller looking at Trump’s tweets?