Commentary “I want to be clear on this, our goal is not to hold China back,” said U.S. Secretary of State Antony Blinken in a June 25 interview with Anne Claire Coudray of TF1. “It is not to establish a policy against China.” Really? The Chinese regime spread a disease that has at last count killed 604,000 Americans; last…
South Dakota Rocked Again as a Wind Turbine Plant Shuts Its Doors
June 22, 2021
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climate changecoalfossil fuelfrackingglobal warmingmanufacturing jobsOpinionU.S. economyViewpointswind energy
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Commentary John F. Kerry, the special presidential envoy for climate, said only months ago that those losing fossil fuel jobs in coal and hydraulic fracturing will find they have a better choice of jobs either in the solar industry or as wind turbine technicians. That was then. Now, a wind blade manufacturing plant located in…
Biden Economic Strategy: Put America Last
Commentary President Joe Biden’s performance at the meeting with foreign leaders in Britain last week was a disgrace. Biden cut deals with Britain that sold out America’s interests, and for doing so, he won the worshipful accolades of the Europeans, the Brits, and the Canadians. It’s amazing how popular you are at a party when…
May Retail Sales Fell 1.3 Percent as Americans Spend Less on Goods
NEW YORK—Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods. Total sales dropped a seasonally adjusted 1.3 percent in May from the month before, the U.S. Commerce Department said Tuesday. Wall Street analysts expected a…
98 Percent of the Way There: Trump’s Super V-Shaped Recovery
Commentary The U.S. economy peaked in late 2019 at $21 trillion. We are now remarkably 98 percent back to where we were before the terrible COVID-19 pandemic slammed these shores 14 months ago. This rebound is one of the outstanding U.S. achievements in history. Since June of last year, the economy has rocketed by 34…
Short-Term ‘Help’ Is Doing Long-Term Harm to the Economy, Killing Small Businesses
Commentary The mounting evidence can no longer be ignored. Unsubstantiated and politically motivated COVID-19 lockdown policies and imprudent relief measures are causing serious, lasting damage to the foundations of American economic prosperity. Having brought the economy to its knees through unwarranted and undependable lockdown measures that forced millions of Americans out of work and forced…
Port of Los Angeles Activity Reaches ‘Dizzying Pace’
May 5, 2021
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Commentary The U.S. trade deficit hit an all-time high in March, reaching $74.4 billion, as Americans spent their stimulus checks on foreign-made goods but were limited in their ability to spend their money on nearby entertainment options such as restaurants, bars, amusement parks and sporting venues, many of which were still closed in March. The…
The United States: Hardly a Recovery
Commentary There’s an overly optimistic consensus view about the speed and strength of the U.S. recovery that’s contradicted by facts. It’s true that the U.S. recovery is stronger than the European or Japanese one, but the macro data shows that the euphoric messages about aggregate GDP growth are wildly exaggerated. Of course, GDP is going…
The International Monetary Fund Shows the Jobless Recovery
Commentary The International Monetary Fund (IMF) has published its April outlook for the global economy. It has been hailed by most commentators due to the strong upgrade in GDP recovery. The report states that “global growth is projected at 6 percent in 2021, moderating to 4.4 percent in 2022. … The upward revision reflects additional…
US Manufacturing Sector Index Races to 37-year High in March: ISM
WASHINGTON—A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway. The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to…
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