Judging from the fake news media’s collective primal scream this weekend, you would think the American economy were lying flat on its back in the intensive care unit. Yes, the economy has been battered in blue states that have masochistically shut down their hometown businesses. But in most red states that are keeping commerce flowing despite a second deadly wave of the virus, unemployment is typically below 6%.
The jobs recovery has been so strong that we have 94.5% of the jobs we had before the worst pandemic in a century, and total wages and salaries are back up to 99% of their previous all-time high.
That hasn’t stopped House Speaker Queen Nancy Pelosi from demanding another $1 or $2 trillion stimulus. (Doesn’t it seem like Washington is passing out trillions of dollars like they are M&M’s?)
We don’t need it, and the bailouts to teacher unions, blue state governors and mayors, and airlines would be harmful to the economy. The only way to give money to blue states is to take it from red states.
President Donald Trump’s supercharged recovery policy has been the opposite of what the consensus Keynesian economists on Wall Street and in academia have urged for months.
So far, Trump has wisely rejected a second debt bomb package that we were told was essential — and yet 12.4 million more jobs were created without it. University of Chicago economist Casey Mulligan and I estimate Trump saved 3 to 5 million jobs by not agreeing to $600-a-week bonus unemployment benefits. The Congressional Budget Office calculated that “roughly five of six recipients” were getting more from unemployment insurance payments than they would from working.
The fake media is trashing the economy for two reasons. One, they despise Trump and can’t believe that he has given us the swiftest recovery in American history. Second, the media is all in on Queen Nancy Pelosi’s gambit of passing a $1 trillion blue state bailout. Taxpayer handouts to corporations, mayors, governors, teachers unions and able-bodied Americans who are not working will capsize Trump’s amazing economic recovery, not help it.
A cynic might suspect that this is the real goal.
Stephen Moore is a senior fellow at the Heritage Foundation and an economic consultant with FreedomWorks. He is the co-author of “Trumponomics: Inside the America First Plan to Revive the American Economy.” To find out more about Stephen Moore and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.
I hope he is able to reject his up and coming one too. Keep the pork out of it. As a matter of fact, aren’t all blue states nothing but pork?
IMO it should be WRITTEN in the constitution, THAT ANY CONGRESS pleb, pushing ANY FORM OF “PORK spending” into ANY bill, should be hung on a lamp post, and used by the kids as a Pinjata!
If the Republicans lose the Senate, everyone will be on welfare and billions will be spent on global warming and diversity.
That’s cause ALL Government is good for is to SPEND MONEY WE make. GOVERNMENT ITSELF MAKES No money, other than what it STEALS from us, via Taxes.
That is WHY THEY ARE ALL a-ok with spending trillions, of OUR MONEY.
of which the Quid Pro Joe crime family will make billions.
All “stimulus” funds should come first from the assets of the Congresscritters who vote in favor of the measure.
Start by seizing ALL THEIR bank accounts, 401ks, and off shore bonds and stocks!
THEN REDUCE their paychecks to minimum wage!
I keep hearing the corona virus deaths “statistics” but I wonder what the normal average monthly death rate was over the past ten years or so.
I trust the reporting on virus deaths just about as much as I would trust a teacher’s union election observer.
ITS also telling, that ALL of 2018/19, we didn’t go more than a week, without SOME NEWS ANCHOR making grim statistics, on the # of opioid deaths from overdoses etc.
YET THIS YEAR< those deaths seem to have disappeared.. Either that, or ALL of them are being roled up INTO the covid deaths.. just to padd the #s.
Dr. Genevieve Briand, a senior lecturer from John Hopkins University, said an average of 60,000 die weekly from heart disease, respiratory disease, influenza, pneumonia, cancer, etc. In 2020, there was a significant decrease in these deaths and an almost exact increase of COVID deaths. She concluded, “ All of this points to no evidence that COVID 19 created any excess deaths. Total death numbers are not above normal death numbers. “ And we shouldn’t be surprised that the university has censored the article online.
Not surprising. THE LEFT hates the truth being out there.