Syndicated Columnists
House GOP Trust-busting Bill Is an Economic Disaster
- By Stephen Moore
With President Joe Biden's Build Back Better agenda in ruins, Democrats want to blame Big Business for the mayhem of high inflation and a collapsing stock market.
The White House has pointed its finger at every industry, from Big Tech to meat producers, oil and gas producers, the poultry industry and pharmaceutical companies. Apparently, corporate America suddenly became incredibly greedy when Biden entered office.
Now another move against capitalism is in the works.
- Hits: 753
Democrats' Latest Phony Inflation Scapegoat: Credit Cards
- By Stephen Moore
In this administration, it's always someone else's fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Donald Trump's tax cuts. Then Vladimir Putin. Then meatpackers and the poultry industry, Big Oil and pharmaceutical companies.
Now, Democrats have identified a new inflation scapegoat: plastic. Visa, Mastercard, American Express and other credit cards hidden away in your wallet.
Sen. Dick Durbin (D-Illinois) has had it out for credit cards for almost two decades, even though over that period, credit cards, which were once reserved for the rich, are now nearly ubiquitous in our society. Many stores don't even take cash anymore in the post-COVID world. The benefits and conveniences of paying with a plastic card are easily in the tens of billions of dollars to retailers and shoppers. Stores benefit because shoppers don't have to have cash on hand to make purchases. They also benefit from not having to deal with the exchange of cash, which can lead to theft by unscrupulous employees at the register.
- Hits: 946
When the People Tasked With Protecting Our Children Are the Villains
- By Stephen Moore
The evidence shows that school closures during COVID were an epic public policy blunder. The school lockdowns in many states were arguably the most significant episode of government-sponsored child abuse in American history.
You don't have to take my word for it. Last week, the liberal New York Times came to the same conclusion after an extensive investigation. The New York Times found:
"Extended school closures appear to have done much more harm than good, and many school administrators probably could have recognized as much by the fall of 2020. In places where schools reopened that summer and fall, the spread of Covid was not noticeably worse than in places where schools remained closed."
- Hits: 741
Beware the Popping of the Housing Bubble
- By Stephen Moore
Washington never learns. Never. Politicians are like collective Alzheimer's disease patients. They have no short-term memories.
Does anyone remember 2008? It was only 14 years ago. Then, America suffered through one of the most significant and most painful financial crises in our nation's history -- and the worst losses since the crash of 1929. Millions of people lost their jobs. Hundreds of thousands defaulted on their mortgages and lost their homes.
Trillions of dollars of lifetime savings and wealth evaporated. Central billion-dollar banks and investment houses that were thought to be invincible were swept away like straw huts in the face of a tsunami.
- Hits: 1003
Canceling Student Loan Debt Would Make College More Expensive
- By Stephen Moore
It might be the biggest giveaway in American history. President Joe Biden wants to cancel more than $1 trillion of outstanding student loan debt. Biden has already delayed for more than a year student loan repayment, and under his new rules, most delinquent and deadbeat borrowers would NEVER have to repay.
What a deal for the people who never paid a dime back of the tuition money they owe to Uncle Sam.
This plan makes suckers out of the millions who have felt honor-bound to pay off their debts. My wife spent years after graduating from college diligently writing checks to pay off the tens of thousands of dollars of loans. That's the way it works when you borrow money and you've signed a commitment to pay the money back.
- Hits: 612
Another High-tech Titan Falters
- By Stephen Moore
You've probably heard of the high-flying Big Tech FAANG stocks -- Facebook, Amazon, Apple, Netflix and Google. Among the five of them, their market cap reached $6 trillion last year, which is more than the GDP of all but a small handful of entire countries. Moreover, their net worth is larger than the entire annual output of India, with more than 1 billion people.
These companies got so big and profitable so fast that politicians on the left, right and center started accusing them of monopolistic behavior. "Break them up!" shouted Democratic Sens. Bernie Sanders and Amy Klobuchar. Some Republicans, such as Josh Hawley, endorsed the same strategy.
- Hits: 846
Biden Wants to Regulate Everything -- Even Your Air Conditioning
- By Stephen Moore
Once upon a time, the mantra of the libertarian Left was "keep the government out of the bedroom."
President Joe Biden and House Speaker Nancy Pelosi want to regulate any gadget or appliance with an electric switch that turns on in your house or your driveway. New Department of Energy rules will dictate the amount of water that comes out of your showerhead, how much warm air comes out of your heater and how much cool air comes out of air conditioners. There is even talk about gadgets monitoring your home's temperature in the winter and summer months.
- Hits: 881
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