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Syndicated Columnists
Biden Is the Economy's Supply Chain Problem
- Details
- By Stephen Moore
Joe Biden has become America's "it's not my fault" president. Whether it's the inflation, the border, the crime, the gas prices, the Afghanistan exit fiasco or the stock market collapse, Biden has become an expert at pointing the finger at someone else.
His presidency so far reminds me of the famous campaign slogan of then-New York Mayor David Dinkins, who admitted that everything was going wrong in the Big Apple on his watch and confessed, "I'm doing the best I can." New Yorkers believed him. And they wisely tossed him out of office for Rudy Giuliani, who actually fixed things.
Take the supply chain crisis. Biden constantly blames shortages, empty shelves and back orders of everything from cars to tampons to baby formula on "supply chain" disruptions. For example, if you try to buy a new car these days, you will probably have to wait for weeks or even months to pull into your driveway. Or you will have to pay $5,000 to $20,000 above the sticker price to get a car immediately.
The Great Biden Recession of 2022 Is Already Here
- Details
- By Stephen Moore
Last week, I was invited to testify before a House committee hearing titled: "How the Biden American Rescue Plan Saved the Economy and Lives." I am not making this up. Can you imagine taking a victory lap, given our current conditions?
I told the Democrats on the committee that the idea that Congress would hold a hearing like this when the economy is coming unhinged only reinforces the suspicion held by most people that the Washington swamp is totally out of touch with the lives and hardships of everyday America.
The reality of our predicament is best summarized by JPMorgan CEO Jamie Dimon, who warned investors to "brace yourself" for what he called a fast-approaching economic "hurricane."
The Swamp vs. America: Biden Policies Are Making America Poorer
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- By Stephen Moore
I've been struck by the opinion divide on the state of the economy between people with real jobs in America and the elite opinions in Washington.
Gallup and other primary and reputable pollsters find that the public is very worried. About 2 in 10 respondents rate the U.S. economy as good or great. That compares with nearly 6 in 10 people who thought the economy was good or great throughout Donald Trump's presidency. In other words, three times the number of people liked the way things were going under Trump policies than feel the same way about Bidenomics.
Beware: 100% Green Energy Could Destroy the Planet
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- By Stephen Moore
The untold story about "green energy" is that it can't possibly be scaled up to provide anywhere near the energy to replace fossil fuels. (Unless we are headed back to the stone ages, which is what some of the "de-growth" advocates favor).
Right now, the United States gets about 70% of its energy from fossil fuels. To go to zero over the next 20 years would be economically catastrophic and cost tens of millions of jobs. With gas prices at nearly double their price back from when Donald Trump left office and inflation up from 1.5% to 8% in just 15 months, we are already experiencing the economic damage from the green energy crusaders.
House GOP Trust-busting Bill Is an Economic Disaster
- Details
- 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.
Democrats' Latest Phony Inflation Scapegoat: Credit Cards
- Details
- 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.
When the People Tasked With Protecting Our Children Are the Villains
- Details
- 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."
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- And That's Why They Call It 'the Swamp'
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