Friday, December 28, 2018

Tariffs Are Working

From The Hill:
Throughout 2018, there has been a constant wave of criticism regarding the tariffs that President Trump imposed on an array of imports, principally from China. However, the evidence shows that the tariffs are actually working. Economic growth is up, inflation is under control, and many of the tariffed industries are enjoying strong recoveries in output, profits and employment. An economic analysis we conducted at the Coalition for a Prosperous America (CPA) explains why we are seeing stronger economic growth this year and can also expect more gains over the next three years. The economic numbers in 2018 are already impressive. In the third quarter of this year, growth in inflation-adjusted GDP (the broadest measure of U.S. economic activity) came in at 3.5 percent. That's far better than most economists expected a year ago. (Read more.)

On the media's hypocrisy, The Hill:
My colleagues at many publications and networks were in full-throated hysteria, suggesting the nation is approaching the brink of disaster. Some actually used that very word. Things sounded so dire that I almost felt like I was reading a chapter from the Book of Revelations or a script from a new Bruce Willis movie. Take, for example: Tom Brokaw suggested the USS America is under the dark spell of Captain Queeg, one that needed to be broken by mutiny because Trump disagreed with his Defense secretary and summoned troops home. (FYI, I think the National Institutes of Health needs to develop a vaccine for the opinion disease that seems to afflict supposedly neutral ex-anchors these days.) 
A co-host, Brian Kilmeade, at “Fox and Friends” suggested the president just revived the terror group ISIS by pulling troops from Syria. The Washington Post ran an editorial with a headline exhorting Americans to “be afraid” because Trump dismissed ex-general James Mattis as Defense secretary. And then I remembered this is the same news media that took the opposite side on all these issues just a few months ago. For example, the Post, that bastion of journalism whose marketing tagline is “Democracy dies in darkness,” the same paper that lambasted Trump for dismissing an ex-general as a Cabinet secretary last week ran an article, a year ago with this priceless headline: “Let’s not staff a White House with generals ever again.” 
Okay, so hiring a general is bad — and firing a general is bad. Hmmm. Apparently democracy isn’t the only thing in darkness at the Post. Collective memory, common sense and consistency apparently are searching for a flashlight, too. Now to NBC, where Brokaw was the face of the network for decades and still is identified as a special correspondent on “Morning Joe.” His colorful tweet comparing Trump to an infamously insane Navy captain from American literature was prompted by the troop-withdrawal decision.  (Read more.)

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