Category Archives: Economy
The End is Coming
Kevin Williamson at National Review calls Senator Paul “fantastically bitchy.”
But he also says “the end is coming.”
The economy’s too good. The beer’s too cold. The stock market is suffering whiplash.
Nancy Pelosi called Trump’s tax cuts for workers “crumbs”. Thousand dollar crumbs, but still crumbs.
No doubt the House Minority Leader from San Francisco does have thousand dollar crumbs on her plate.
By her lights those crumbs are a “little piece of cheese in a mouse trap” for the little people who elect her to do what she does.
I don’t think she gets why her party has crumbled.
Thanks to tax reform and deregulation the economy is booming and the stock markets are soaring. Apple is returning billions to the U.S. And other companies are offering pay raises and bonuses.
So Trump celebrated by slapping 30% tariffs on imported solar panels and washing machines.
New Davos Man
On Friday he speaks to the global ruling class in Davos Switzerland. Maybe I should have had the new Davos Man blowing “America First.” Or “Trade War.”
The Dow hit another record high yesterday. Unemployment is at a record low. Though The Hill says the 4.1% rate is more like 8% when you include the underemployed. At any rate over half of those polled by CNBC rated the economy as “good” or “excellent.
Yet life expectancy declined in the U.S. from 76.3 to 76.1 years for men. The rate for women held steady at 81.1 years. The Washington Post reported that 63,632 people died of overdoses in 2016 and 42,000 of those were from opioids.
National Review’s David French notes that more people died from overdoses last year than in the entire Vietnam war.