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Roll back Trump’s economic gains and crush the middle class

Economy / August 6, 2022 / DRPhillF / 0

Governor: Roll back Trump’s economic gains

Jason L says. President Donald Trump’s “lower taxes and lighter regulations” boosted economic activity and reduced “racial inequality.” Household income has risen “more than in the previous eight years combined,” and the black poverty rate has fallen below 20% for the first time in decades — all despite the “gloom” predictions. Now Democrats, through the Inflation Cut Act, “want to raise taxes” Trump cut, which could lead to lower wages. Trump lost in 2020 “because the country is sick of his behavior,” not because of his economic agenda. But it may take a “mid-term pounding of the left” to find out.

Schools Beat: The Republican Party’s Chance to Achieve Big Goals

The Democrats have long been the party “expected to do a better job” on education, as the Washington Times editors note. In 2008, they “had a 29-point lead” on the issue. Then came COVID and school closures prompted by teacher unions who are “keeping Democratic politicians in their pocket.” The result: the Republican Party, “which has generally opposed mask mandates and shutdowns,” is now seen as better at education by four points, the first time it has been led. Republicans must now go “everything” to promote coupons, scholarships, charter schools, and funding that follows students rather than schools. Parents want to make sure that shutdowns, which may have cost children “years” of learning, never happen again. “This is a revolution, and the Republican Party has to prepare to spend political capital to make it happen.”

From left: Crushing the middle class

Despite the “decline in GDP in two consecutive quarters” — the “technical definition of a recession” — we have “11 million job vacancies” and an economy “adding about 400,000 jobs a month,” as Bhatia Ongar Sargon notes in Rise. “Where has the GDP contracted?” In places where inflation-crushed American households are now “backtracking” on “electronics, furniture, food, and gasoline.” And housing “is now the least expensive since the 1980s.” In other words, there has been a “radical acceleration” of pressures for a long time to “squeeze the middle classes”. These trends are not new. But “our leaders on both the left and the right struggle to even acknowledge the role they played in this – let alone offer solutions.”

Media hour: The Post-Soros Calm in the Wall Street Journal

A column in the Wall Street Journal this week by George Soros, in which he defended his funding of “progressive plaintiffs” and contradicted the newspaper’s editorial positions, spurred other articles and editorials from the right, but no writer in the Journal tweeted that it “endangered it.” Heather McDonald of the City Journal points out. “There were no calls for a ‘retreat’ or for the opinion editor to resign.” By contrast, a column in the New York Times in 2020 referring to the military’s use of racial rioting provoked a “scream” in the newspaper, tweeting workers that it had put black employees “in danger” and forcing editorial page editor James Bennett to leave. Similar events toppled the Philadelphia Inquirer’s chief editor. “Various reactions” to such pieces undermine the left’s claim that “conservatives are the ones who threaten free speech.”

Foreign Affairs Office: Why Russia Can’t Win

Seth Cropsey argues in The Hill that Russia “lacks the manpower and capabilities to invade Ukraine,” thanks to “relatively inaccurate” artillery and a lack of “trained and disciplined infantry” and a “command structure.” In addition, its economy is “close to internal collapse”, so Vladimir Putin’s options are “limited”. However, a “successful Ukrainian push” would require the United States and its allies to “prepare accordingly and anticipate a confrontation” with a desperate Putin by expanding arms shipments to Ukraine, preparing to “enforce a no-fly zone”, and putting pressure on “companies that still do.” business in Russia” and pressure “Turkey to allow a NATO or US naval mission in the Black Sea.” As the war drags on, “the ambiguity of Russia’s weaknesses is being replaced by transparency. The West should benefit as much as possible.”

– Written by Adam Brodsky and Sam Munson

Related

Donald Trump, Economie, editorial, education, gas prices, George Soros, Opinion, Russia, Russian President Vladimir Putin, take quickly, the Republican Party, Ukraine war, Wall Street Magazine

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