Category Archives: The Economy

Aransas Pass gets a makeover

“These massive infrastructure undertakings are just two among dozens of colossal infrastructure projects along Texas’ coastal bend. This crescent of sleepy beach towns and oyster-shell-crusted beaches is fast becoming a focal point for the world’s energy market. Tens of billions of dollars’ worth of public and private energy investments are transforming the area around Corpus Christi at a blinding pace. And most of them are dedicated to exporting energy—something that wasn’t possible until just a few years ago.”

The Corpus Christi area already is the number one crude oil exporter in the U.S. and is angling to be the number one LNG exporter as well.

Via Popular Mechanics

Dims want higher taxes

The Dims are planning to hit at the source of the new prosperous Trump economy, i.e. lowered corporate taxes. The Dims want to raise them again, substantially.

“Just last week, it was announced that the U.S. economy added 312,000 jobs in December. Over the past 12 months, wages have grown 3.2 percent and 2.6 million jobs being created. The U.S. has been named the most competitive economy in the world. Manufacturers just had their most successful year since 1997 and small business optimism is at record highs. Raising the corporate rate, as House Democrats are proposing, would undo these gains.”

Is it out of spite? Just to deny the GOP its economic glory? Or merely to tax and spend as the Dims usually do? They have many palms to grease. No matter. Until the Senate turns blue, it won’t happen.

Via Americans for Tax Reform

Marijuana Tourism

“Marijuana tourism is huge in Colorado, whether your trip includes tours, accommodations or other related cannabis experiences…Colorado marijuana law allows hotels and private rental properties the ability to decide whether or not to allow guests to consume marijuana on premises.”

Or you could try a “bud and breakfast.”

Pretty cool.

It’s Trump’s economy

Not Bronco Bama’s, no matter what he says, and you vote for the Dimocrats at your peril.

Only if you want it all to collapse, as they vote to raise corporate taxes and restore the business-strangling regulations Trump and the Republican Congress have eliminated.

“His approving of the stalled pipelines, his more coal friendly policies, his more oil & gas friendly policies, have all been real boosts to the economy. The big one though – the tax breaks and more importantly the portions of the laws that have dealt with repatriating the trillions of dollars companies had overseas and reinvesting those dollars here – was an act of Congress cheered on by the president (that would not have been enacted under Obama or Hillary). So, it is not like the president has no effect.”

Even fixed-income baby boomers would suffer if the Dims get back Congress with lower 401K payments as the stock market retrenches. Some of that could happen by 2020 anyway, or so the establishment (that’s fought Trump all along) believes. It will happen without doubt if the Dims get the House and Senate back on Nov. 6

Via CNBC & GlobalTirvir at Instapundit

Sabotaging the economy

How could that possibly work, you say. The economy is the economy, impervious to, well, just about anything except the high taxes and onerous business regulations and political uncertainty that stifled it for eight years under Bronco Bama.

Not so. “…because the condition of the economy, to a great extent,  is what you say it is or, more importantly, feel it is or can convince others that it is. It’s wide open to legerdemain. Economic success is governed almost as much by raw emotion as at is by the reality of profit and loss. What is the mood of consumers? What is the mood of big business, entrepreneurs, etc.?”

So the Progs and their Leftist buddies are taking every opportunity to undermine Trump by “sabotag[ing] the economy by jawing it down, by making it sound worse than it is” with the help of the anti-Trump fake news.

For instance a piece I read the other day claimed more people were living in their vehicles than ever before, quoting some people in California and South Dakota. Sure, California, land of high taxes and higher rents, but South Dakota?

“These cries of economic disaster will only grow more intense as we approach the mid-terms.  Every little statistical waver will [be] blown way out of… proportion. Schumer and Pelosi will say that bread lines are imminent.”

Via PJMedia

Telling the truth in three-quarter time

Amazing how the G7 kibitzers (and their elitest clones in the media) got all bent at Trump simply telling the truth about tariffs and other trade barriers.

“Trump is right that most countries protect their agricultural industries with tariff and non-tariff barriers. (The EU’s ban on GMO crops is an example of a non-tariff barrier that is rational only as an act of protectionism.) The U.S. has the most efficient agricultural sector in the world, and since most countries can’t compete with our farmers, they erect trade barriers. How is this any different from our imposing tariffs on steel or automobiles? It isn’t.

“Does Canada actually impose a 270% tariff on American dairy products, as Trump keeps saying? Yes, it does, according to the Canadian Broadcasting Company:

Canada levies a tariff of 270 per cent on milk, 245 per cent on cheese and 298 per cent on butter in an effort to keep imports out and tightly control supply.

“So Trump is right. A world without tariffs is a desirable goal, but a world in which the U.S. has no tariffs, but other countries erect barriers to our products, is not.”

But the G7 bigwigs meet to party, not to tell the truth. And truth-tellers are not welcome. Especially not in the snooze media. It interrupts their snoozing.

Via Power Line Blog

The Baby Bust

The WSJ’s Best of The Web argues for more legal immigration based on an historically-low birth rate for American women:

“American women are having children at the lowest rate on record, with the number of babies born in the U.S. last year dropping to a 30-year low, federal figures [show]…

“The general fertility rate for women age 15 to 44 was 60.2 births per 1,000 women—the lowest rate since the government began tracking it more than a century ago…”

With European women likewise giving birth at historically low rates, the West’s declining (and simultaneously aging) population should be grounds for statistical worries, yes, but more immigration? When unemployment among blacks and legal Hispanics is at an all-time low? Maybe not.

Via WSJ