middle class economics


Seattle will become the 8th city in the United States to tax sugary beverages, after a 7-1 city council vote yesterday. Since soda consumption has become the “crisis du jour” for liberals looking for an excuse to raise taxes, it is imperative to scrutinize the claims made by soda tax proponents before more cities fall […]


A new study by University of Chicago and University of California, Berkeley scholars Chiang-Tai Hsieh and Enrico Moretti suggests an economic villain shocking to the liberal imagination: San Francisco and New York. Yes, San Francisco, the glittering cosmopolis of the new money, and New York, the towering stronghold of the old money, are together responsible […]


The American political system is in a state of flux. Both Republicans and Democrats are experiencing mirror-image identity crises as they struggle to define anew who their parties are and what they represent. The late former Pennsylvania Gov. Bob Casey, a Democrat, often said that a national candidate who was both pro-life and clearly fighting […]


We all just saved thousands of dollars on our income taxes by switching to the GOP! (Well, maybe…) The Trump Administration unveiled the basic outline for the Trump tax plan yesterday, which they referred to as “the biggest individual and business tax cut in American history.” You can read their one pager here. The plan […]


A marvelous interview with Donald Trump’s chief strategist Steve Bannon has suddenly appeared in, no less, The Hollywood Reporter: “Ringside With Steve Bannon at Trump Tower as the President-Elect’s Strategist Plots “An Entirely New Political Movement” (Exclusive).” It is a perfect antidote to the McCarthyite insults being heaped on Bannon by the elitist left and […]


Whoever wins the presidency there is a lurking issue, the most underappreciated issue in politics.  Getting it wrong destroyed the economy (and contributed to ending the presidencies) of Ford and Carter and tarnished the records of George W. Bush and Barack Obama. Reagan and Clinton got it right and went on to handsome re-election. The […]


Marc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore: The long boom after World War II left Americans with unrealistic expectations, but there’s no going back to that unusual Golden Age“: People who had thought themselves condemned to be sharecroppers […]


Yesterday I observed here how the 2016 race reflects American conditions in the late 1970s — also stagnant — and how the political elites are echoing President Jimmy Carter’s feckless reaction in his notorious July 15, 1979 address to the nation in which he said, in part: The threat is nearly invisible in ordinary ways. It […]


Much to the incredulity of the elite political class, Donald Trump is rapidly closing the gap and even surpassing Hillary Clinton. This extends to the critical electoral college swing states. Trump can stumble. Hillary could reboot and change the calculus.  That said, right now: advantage Trump. It gets harder with each passing day to change […]


On Monday, Donald Trump stated what is essentially a fact to anyone who follows financial markets — the Federal Reserve has created a “false economy” that has artificially inflated the stock market. Via Reuters: “They’re keeping the rates down so that everything else doesn’t go down,” Trump said in response to a reporter’s request to address […]


“Houston, we’ve had a problem here.” With those low-key words, command module pilot Jack Swigert of Apollo 13 revealed that, in the later recollection of mission commander James A. Lovell, its “oxygen tank No. 2 blew up, causing No. 1 tank also to fail. We came to the slow conclusion that our normal supply of electricity, […]


There is a lot of speculation about what Donald Trump will propose in his economic speech today in Detroit. But what makes Trump’s speech unique? What separates Trump’s proposals from the past two GOP nominees? Unlike John McCain or Mitt Romney, Trump’s economic plan will speak primarily to workers and secondarily to businesses. Since 2013, […]


Jeff Bell, the American Principles Project’s Policy Director and occasional contributor to The Pulse 2016, was recently featured in an interview with National Review writer Neal Freeman about the 2016 election and the rise of Donald Trump. Although some conservatives have strenuously opposed Trump’s nomination as the Republican Party’s standard-bearer in 2016 and have refused to support him, […]


Hillary Clinton’s campaign has been massively outspending Donald Trump on advertising since the beginning of this election, including in several key swing states. According to one report, as of July 13th the Clinton campaign and pro-Clinton PACs had booked more than $111 million on TV and radio ads through the election, while Trump and his PACs had […]


The US Chamber of Commerce is upset. For years, they have shaped Republican policy, spending millions of dollars trying to push the Republican Party towards a business-first economic message that seems incapable of talking about anything but “job creators.” The most special of special interests, the Chamber is by far the largest lobbying organization in […]


Frank Cannon is president of the American Principles Project and a respected conservative political strategist with over 30 years of experience. I think the single biggest threat is economic elites who actively oppose the social issue agenda and find it distasteful and find it socially in the parties and in the milieus in which they […]


Frank Cannon is president of the American Principles Project and a respected conservative political strategist with over 30 years of experience. I think that there is a global understanding that economics as promoted by the elite class is not producing the results that have been promised to the general public and that there is a […]


Frank Cannon is president of the American Principles Project and a respected conservative political strategist with over 30 years of experience. The policy differences that have appeared in, say, North Carolina between what Governor McCrory is doing on transgender bathrooms in the state and the Chamber of Commerce . . . that phenomenon of debating […]


There’s a story in Politico today where Donald Trump says that the GOP will become a ‘workers party’ under his leadership: “Five, 10 years from now — different party. You’re going to have a worker’s party,” Trump said in the May 17 interview. “A party of people that haven’t had a real wage increase in 18 years, that are […]


Last week Donald Trump met with Jack Kemp protégé House Speaker Paul Ryan. As the Washington Post aptly put it, “Ryan has the House. Trump has the party.” To quote the founder of the Republican Party, Abe Lincoln, who was quoting Scripture: “A house divided against itself can not stand.” This meeting was an iconic […]