close tovideo white house slaps down recession to speak of, as by 2020, Democrats sound alarm on economy
President Trump and the White house accusing Democrats of trying to ‘will’ the down economy as an election tactic.
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On the roster: Can-Trump have a boom without a bust? Candidates pressed on reparations in New Hampshire – Trump feet back from background checks? – Manchin back and forth, the Senate leaves – If you gotta catch ‘em all
MAY TRUMP HAVE A BOOM WITHOUT A BUST?
What ever happened to the Romney Republicans?
If you will recall, were the people, who believed that the “creative destruction.” And while they rejected may have been, the headline suggested the former Massachusetts Governor in 2008, op-ed on the auto industry, the collapse, the feeling behind “let Detroit bankrupt” was very much a part of the free market of the conservatives playbook.
The basic idea is that the economy of Nations, sectors, individual companies are cyclical. Sometimes they are extended, sometimes they are contractors, but they are both inevitable and useful. As a small forest fire burning away the undergrowth, occasionally economic “corrections” to burn away the scrub and leave what’s left behind is healthier.
This argument was indeed of Central importance for the eight years of Republican criticism of Barack Obama‘s management of the economy. Obama touted the quarter-on-quarter job growth and economic expansion, while conservatives complained that was that he worried about a possible recession.
Where Obama and his conservative economic was agreed by critics that the American economy had entered a “new normal”, where there is relatively high unemployment and relatively low growth – say, 2 percent annual increase in the gross domestic product – were the facts of life.
Where a distinction was made, whether this is desirable or even avoidable.
In the post-World war II America, which had been the norm, extends from a few years (sometimes as long as a decade of economic expansion for about a year, interrupted by short recessions, in General, in the length. Taken together, it is averaged to generations of life, with an average growth rate of about 3.5 percent. This is not only good by contemporary global standards, this is very good, by American historical standards.
But while the conservatives assailing were Obama, that his fear of creative destruction to keep the economy in the bottle, something was going to happen within the same Republican party that had only recently Mr. Let Detroit nominated bankrupt.
As it turns out, much of the collateral damage of the American cycle of expansion-contraction-expansion-contraction fell on the very types of voters who are increasingly crucial to the Republican election ambitions.
When Mitt Romney‘s Bain Capital turned around a company in bankruptcy, it often meant dumping middle Management and the automation of jobs in the production, in order to be competitive to be. If Obama’s campaign called Romney “a vampire”, to do this, Republican complaints were surprisingly mute. We knew that the populist rebellion within the GOP, but would then find out how many in the Romney, the party agreed actually with Obama
Free markets were rapidly falling out of fashion, even among Republican elites. Economic nationalism and the same kind of Central planning even as “picking winners and losers” was ridiculed, always popular on the right-hand side. When then-candidate Donald Trump condemned the free trade, mass immigration and outsourcing, his path already paved by a variety of dissidents from the party years of Reaganomics model.
The voters, who can support trump in the GOP primary, despises Obama, the expansion of the welfare state, and the charge of the wars to the left in the culture, but they certainly agreed to (whether you admit it or not) with the center beam of his economic policy that favors the equality of results on the ” boom-and-bust dynamics of their party in the recent past.
The only problem was that Trump was elected promising to do both. Trump said he would deliver robust growth, Obama had to prevent avoided but also that the nature of the Romnesian burn of the economic wood.
We are now in our longest ever period of economic expansion, as a nation, but the clouds are gathering.
Trump delivered safely on the first part of his promise, which was to take of the brakes, Obama had set against the rapid growth. Trump led to the downfall of many business rules, including essentially the suspension of ObamaCare, but also provided a large tax cut. Add to that the supply-side stimulus of the Keynesian dream ship of a budget deficit of more than $1 trillion and the economy and the consumers were ready to take off.
The boom we saw at the end of 2017 and 2018 have been very real consequences of the trump redemption, what Obama and the Democrats to the left on the table.
Now the second part of the proposal, that he was able to deliver red-hot growth without repetition of the same cycle, so often disadvantaged, working class, older Americans – is getting his test.
The management is the evaluation of some extraordinary measures, including the same type of cut in the payroll tax, the financing of Social security, that Obama favors, either avert or reverse the decline.
Trump also keeps its aggressive efforts to revive the manufacturing sector, the battles in China and in Europe in the trade. But, as it was for Obama to renew the planned efforts, the economy is handled in such a way that his followers were more friendly, runs smack into his ambitions for a higher overall economic growth.
While Republicans inserted along the way, the gusts of a rapidly growing economy in the last year were managed, you are still in the mid-term elections, so that everyone in the GOP populists and conservatives alike – is aware of the fact, that by 2020, a recession would probably mean elections doom.
The test for Trump may not be whether he can deliver on the promise of rapid growth, but whether he can lead like Obama, to maintain enough leverage in the country and abroad recession in the Bay for at least a couple of quarters.
THE RULES: CIVIL LIBERTIES
“Government is instituted no less for protection of property than of the persons, of individuals. The one like the other, may be considered, therefore, represented by those who are entrusted with the government.” – Alexander Hamilton or James Madison, Federalist No. 54
TIME-OUT: KOM NIET NAAR NEDERLAND
The Atlantic: “The low countries have suffered brutal occupations, from the Roman Empire and Viking trains, the Spanish and the Nazi reign of robbery. But now they face an even larger army of invaders: tourists. In the age of cheap flights, Airbnb, their numbers are staggering. Around 19 million tourists visited the Netherlands last year, more people than live there. For a country half the size of South Carolina, with one of the world’s highest population densities, which is a lot. [The] the annual number of visitors is projected to increase by 50 percent in the next ten years, to 29 million. City planners and city officials have a word for what the experience in the Netherlands and some other European countries: – over tourism. With such an influx of humanity comes to a decline in the quality of life. Residents ‘ complaints range from inconvenience (mass spillage from pavements, streets), vandalism, alcohol-induced contamination (vomiting boxes in the balcony, urinating in mailboxes).”
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Trump job performance
Average Approval: 41.6 Percent
The average of the rejection: 55%
Net Rating: -13.4 Percent
Change from a week ago: down 2.2 points
[Average, includes: NBC News/WSJ: 43% approve lean – 55%; Fox News: 43% approve, reject – 56%; IBD: 40% approve – disapprove 56%; Quinnipiac University: 40% approve – 54% lean; Gallup: 42% approve, reject – 54%.]
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CANDIDATES PRESSED ON REPARATIONS IN NEW HAMPSHIRE
WaPo: “in the past two years, a number of racist incidents have shaken New Hampshire, a state that almost 95 percent white. … These voters peppering the Democratic presidential hopefuls who visit this key early stage with questions about reparations, racial justice, and white supremacy. This is a big change from the past,” says Gibson’s bookstore owner Michael Herrmann. Herrmann ‘ s quaint shop in Concord was a pit stop for politicos for years. South Bend, Ind., Mayor Pete Buttigieg, Sr., Kamala D. Harris (Calif.), Sen. Cory Booker (N. J.), Beto O’rourke , and Julián Castro, all of the Democratic presidential competitors who have stopped by in the past few months. … When the candidates visited in the year 2016, reparations never came, Herrmann said. … Almost all of the 2020 candidate to support a Commission to study the Problem. … [Some of] the contenders have laid out, what exactly could look a reparation system.”
Harris ditches Medicare for all – WaPo: “The idea of Medicare-for-all — a single government health program that would take over the basic function of private insurance to a liberal litmus test, at the beginning of the presidential campaign, with Democratic candidates who cast themselves as courageous visionaries from more moderate pragmatists. But in the last few months, in the midst of polling shows that the concern of voters over the end of private health insurance have several of the democratic hopefuls, their positions or their tone, Moderation, full-throated endorsement of Medicare-for-all and the acceptance of ideas for permission to the private insurance in any form. “What I think is happening in the Democratic primary is that the people realize that some of the problems that the single-payer to come not from special interests, but the public,” said Neera Tanden, a former top aide to Hillary Clinton and now President of the Center for American Progress.”
Jill Biden: ‘to Swallow a little’ so we can beat Trumpto Fox News: “Talk in a book store in Manchester, N. H., Dr. Jill Biden urged voters on Monday to check the ‘electability’ of her husband, the former Vice President Joe Biden, before the year 2020 Democratic primaries, and as you may have to ‘swallow a little’ with the Democratic front-runner in order to defeat President Trump. “I know that not all of them are obliged, my man, and I respect that, but I want you to think about your candidate, his or her electability, and who is said to win this race,” Dr. Biden. … Former second lady insisted that the party that any candidate “simply do not have Democrats,’ in order to win a General election, which emphasises that the person must be for the independents to win. At the same time, they pointed to polls in Ohio, Pennsylvania and Michigan, where her husband is the leader in the quarter-final against Trump.”
Biden has twice the support of the closest competitor in a new poll from CNN: “Joe Biden has expanded his lead over the Democratic field in a new CNN poll, conducted by SSRS, with 29% of Democratic and Democratic-inclined voters say they back the former Vice President. This is up 7 points compared with the end of June CNN poll. No other candidate has any meaningful gains over time. The shift is Biden to a double-digit lead over his nearest competitor, Vermont sen. Bernie Sanders at 15% and Massachusetts Sen. Elizabeth Warren at 14%. Their support is largely unchanged since earlier this summer. Apart from Biden has to be increased, the only statistically significant change in the applicant rank list is a 12-point decline in support for California Sen. Kamala Harris, which stood at 17% support in the June survey, but now has the support of 5% of potential Democratic voters. This is similar to the level of support they had in the spring, before wave after wave of her first debate performance.”
TRUMP feet BACK FROM BACKGROUND CHECKS?
To be WaPo: “President trump seems to be, scares off potential support for gun background legislation review, according to the White house, helpers, leaders in Congress and the gun advocates, dimming the prospects that Washington will approve a significant new weapon in action shooting during mass that left 31 dead. Immediately after the massacre in El Paso and Dayton, Ohio, Trump said: “it is a great appetite” for the tightening of background checks for people buying firearms. But in recent days, Trump has in public statements about the need to make the weapons out of the hands of the mentally ill and stressed that the nation is already looking “very much in the background now’ — positions hew more closely to the views of the National Rifle Association. Behind the scenes, Trump communications with key legislators, including Sen. Joe Manchin III … gone is usually cold, according to Capitol Hill aides, in part because the Congress has left town for its summer break.”
Pelosi, Schumer does not back down – The hill: “democratic leaders on Capitol Hill pressed President Trump on Monday to support tougher gun laws, a move that comes as the President tries to shift the focus from gun-prevention of violence by means of firearms to mental illness. Speaker Nancy Pelosi (D-Calif.) and the Senate Minority Leader Charles Schumer (D-NY), the view that the most effective recipe for reining, shooting deaths to expand background checks before the sale of firearms. A pair of house-passed measures, she argues, exactly that would do. … Pelosi and Schumer urge Senate majority Leader Mitch McConnell (R-Ky.) the bills house… Monday pushback from the Democratic leaders in response to Trump’s remarks Sunday night when he blamed the country’s “very, very large psychological problem’ — not easy access to firearms — as the driving force behind the gun violence.”
First Republicans to support the assault weapon ban steps forward – NY Daily News: “An assault weapons ban, Democratic leaders hesitated, in spite of the strong support of their rank-and-file members in the house got its first Republican supporter — Long Island Rep. Pete King. “They are the weapons of mass-slaughter,” King said shortly after his backing was available to the public on the Congress website on Monday. “I see no need for this in the everyday life of the society,” king said. The Assault Weapons Ban of 2019 was rolled out in February by the Republic of David Cicilline (Dr. I.), with 190 other Democrats on Board. … King forward, it could encourage them to do other Republicans and prod Democrats in the districts, the partisan make-UPS similar to King’s district that leans only slightly Republican.”
MANCHIN BACK AND FORTH LEAVES THE SENATE
W. Va. Metro News: “With only a few weeks before he is set to announce his political plans, U.S. Sen. Joe Manchin, D-W. Va., said, a possible run for Governor was the hardest decision I ever made in my life.’ ‘I’m going to change from morning, afternoon, and night. It is so hard, because I know that both jobs and I know her very well,” he said on Monday, the metro news Talkline.’ Manchin, who won re-election to the Senate in November of last year, previously said he will announce if he is running for Governor after labor day. Manchin was formerly the Governor from January 2005 to December 2010, when he left to join the Senate. Manchin said he does not like what is going on in West Virginia, or the leadership of Gov. Jim Justice, which Manchin approved the 2016 election cycle, if the justice was a Democrat.”
North Carolina starts early voting for the special election – appeal: “Chris Council, a 53-year-old African-American landscape gardener, is fired up over Democrat Dan McCready‘s campaign for Congress. “I’m not a betting man, but he is going to win this race,’ the Council said, after the visit of a MC event in this 3,500-person town, the County seat of Bladen County, North Carolina. The Council is the nature of the base, the Democratic voters McCready needs to turn in the 9. District, where early voting begins on the Wednesday before the Sept. 10 Special Election. Bladen County has a special meaning. Together with the nearby Robeson County, there is zero ground last year for a Republican ballot scandal of fraud-resulted in a 9. District election thrown to be ordered by the state officials and a redo election, with a new GOP nominee.”
States are preparing legal action against the big tech firms – WSJ
Twitter says China is the dissemination of disinformation – The Independent
Local Oregon newspaper can be prosecuted for investigative work – WaPo
AUDIBLE: OOOOOH BERN!
“Unconfirmed rumors from scouts suggest that some on the opposing team — knowledge of Bernie ‘Bern’ Sanders of the scheduled pitchers for today’s contest was to be decided to go back to.” – Bernie Sanders’ campaign manager, Faiz Shakir , wrote in a cheerful E-Mail to the Political in relation to the softball game between Sanders’ campaign staff and members of the press corps in Iowa the field of dreams on Monday night.
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IF YOU GOTTA CATCH ‘EM ALL
UPI: “Washington State Patrol trooper to check what he thought, was discovered a disabled vehicle, the driver had pulled to play or Pokemon Go — on eight phones. Washington State Patrol Public Information Officer Rick Johnson said Sgt. Kyle Smith stopped to check with a car on the side of State Route 518, in the vicinity of the airport, Sea-Tac, and discovered the driver was using a blue foam holder to play the popular game on eight phones at once. Johnson said the driver was not issued because Smith is the vehicle to him on the phones, while in motion. The driver was advised to move the phones on the back seat and to not stop on the shoulder of the road, except in an emergency situation.”
AND NOW, A WORD FROM CHARLES…
“But the most formative, most important influence on the Person, not the government. It is the civil society, those elements of the collectivity that lie outside government: family, neighborhood, Church, Rotary club, PTA, clubs, and [Alexis de]Tocqueville understood to be the genius of America and source of its energy and freedom.” – Charles Krauthammer (1950-2018) writing for the National Review on July 20, 2012.
Chris Stirewalt , the politics editor for Fox News. Brianna McClelland contributed to this report. FOX News mid-term report in your Inbox every day wants? You can register here.