When one sifts through all of the evidence and clues as to why the President’s economic and domestic policy agenda remain not only unfulfilled, but unarticulated, one problem keeps coming to the fore: The appointment of former Goldman Sachs President and Chief Operating Officer Gary Cohn to head the President’s National Economic Council.
What President Trump doesn’t seem to understand is that when establishment Republicans talk about “governing” and “legislating” what they really mean is growing government at a slightly slower pace or to benefit a different set of cronies than the Democrats would if they were in power.
My overall impression after the meeting was that the White House is very engaged and committed to pushing the President’s government reform and spending priorities. Whether the President pushes his priorities through a tweet storm or by turning on his legendary sales skills remains to be seen, but this isn’t the kind of "show vote" government that we are used to from Capitol Hill Republicans, this is real.
By Richard A. Viguerie, CHQ Chairman
On tax reform, economic growth, reducing the size and scope of government and many other areas President Trump has indicated he wants to pass a bold conservative agenda. Let’s make it our job to be the “fourth force” that pushes him to the right and convinces him that to pass that agenda he must explicitly and actively move right and align himself with conservatives.
President Obama is the most unaccomplished man to ever hold the office and has been given an eight-year free pass and never held to account for his failures; while Donald J. Trump hasn't even been sworn in and is already a human pinata for the snowflake right and the radical left.
Replacing Obamacare is hugely important, both to improve our health-care system and remove the economic drag of its taxing, spending, and regulating. But business tax reform — with low marginal corporate rates for large and small companies, easy repatriation, and immediate expensing for new investment — will have an enormously positive impact on the weakest part of our economy, namely business investment.
So, no Mr. Trump isn’t inheriting a wonderful economy from Mr. Obama. It’s a financial house of cards built on years of debt and cheap money. Americans get that and this is why they voted for a change of leadership. Which brings me to the real reason for holiday cheer: with some swift policy course corrections — on taxes, regulation, health care, and energy — the economy can become genuinely prosperous again in a hurry.
Mr. Trump would bring an America-first, pro-business approach to economic policy. Having someone in the White House who knows how to run a business and meet a payroll has to be a psychological lift for this battered and bruised economy. The Democrats and their gang of pundits assure us that 4 percent growth cannot and will not happen under President Trump. But let’s not forget these are the same geniuses who have assured us for the last year there never would be a President Trump. Wrong again.
After eight years of doing everything possible to prop-up Obama’s failed economic policies the Fed has now gotten religion and decided to implement a policy to keep employment growth neutral and slow wage growth at a time when working Americans haven’t had a real pay increase in a decade.
In a state hard-hit by unemployment caused by globalization importing thousands of unemployable or low-skilled “refugees” makes no sense to voters, who are looking for someone to champion their economic and cultural interests. Hillary Clinton has clearly put herself on the other side of that battle and that is a major reason why Donald Trump is surging in Michigan.
Analysts and journalists are doing voters a tremendous disservice by not analyzing the complete Clinton and Trump economic plans. It should be obvious to any reasonable observer that the integrative and synergistic Trump plan offers this country a very bright future. The Clinton plan merely saddles us with more of the dim past we have suffered under Obamanomics. It’s a very clear choice on Nov. 8.
Our economy has not seen a single year of growth above 3 percent while President Barack Obama has been in office. The reasons why our economy is still struggling are because our already government taxes and spends far too much, and in Clinton’s America, we can expect more of the same.
Voters will have an opportunity to decide for or against a government that’s failing on health care, taxes, trade, cost control and regulation. One candidate wants higher tax rates. The other would lower them. One candidate thinks the economic recovery has been successful whereas the other thinks it left millions of Americans out. One candidate has spent her lifetime seeking the presidency. Mr. Trump hasn’t.
Donald Trump’s message is the same kind of reassurance Reagan delivered to entrepreneurs and business builders who look at today’s Clinton-led war on success and job creation and see one of the more depressing chapters of Ayn Rand’s Atlas Shrugged playing out in real time.
The elitist hypocrisy of Clinton’s remarks was not lost on those Americans left behind for the past eight years by the economic and immigration policies of Clinton and Obama, and most importantly to those Americans whose constitutional liberty is threatened with attack should Mrs. Clinton win this election, her remarks were the sound of a trumpet upon which disaster on disaster was proclaimed.
Hillary’s growth agenda is to give America more of the same. Congressional Republicans seem to have no economic agenda at all — just white papers of what they will do in the future. Congressional Republicans like to blame Trump for their precarious political predicament and lousy poll numbers. Maybe they should look in the mirror.
Donald Trump may be an imperfect candidate in his rookie political season, but he gets the basic economic story right: Lower taxes, especially slashing large- and small-business taxes. Roll back regulations. Unleash all forms of energy. Take a market-oriented and consumer-choice approach to health care and education. A friendly attitude toward entrepreneurs.
Donald Trump and Paul Ryan should use Thursday’s meeting as the start of a conversation on restoring economic growth. Both men understand that Barack Obama’s seven years of zero to 2% growth is killing the American public.
In the 85 years for which BEA has calculated the annual change in real GDP there is only one ten-year stretch—2006 through 2015—when the annual growth in real GDP never hit 3 percent. During the last ten years, real annual growth in GDP peaked in 2006 at 2.7 percent. It has never been that high again, according to the BEA.
The People's Republic of China is now freer, despite the recent crackdown on dissent. Religion is spreading despite attempts to reduce its visibility. Criticism is widespread, even though such views cannot be broadcast. The country is also much more prosperous than before, which increases Beijing’s stake in a stable international order.