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 in the Alabama Cotton Belt or day laborers in the boot heel of Italy found opportunities they could never have imagined. The French called this period les trente glorieuses, the 30 glorious years. Germans spoke of the Wirtschaftswunder, the economic miracle, while the Japanese, more
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 is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. We can see this crisis in the growing doubt about the meaning of our own lives and in the loss of a
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 the fundamental dynamics of the race. The core dynamics of this are masked by a mainstream media preoccupation with non-issues such as Clinton’s walking pneumonia, Trump’s acknowledgement that Obama was born in Hawaii, and so forth. All that is noise. Few voters care about such
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 a potential rate hike by the Federal Reserve in September. “We have a very false economy,” he said. “At some point the rates are going to have to change,” Trump, who was campaigning in Ohio on Monday, added. “The only thing that is strong is
“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, light, and water was lost, and we were about 200,000 miles from Earth.” NASA’s heroic and successful effort to return the crew safely home is part of national lore and history. “Washington, we’ve had a problem here,” we, the voters, are saying, far more emphatically.
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, American Principles Project has argued that the corporate-focused economic message of the GOP is a general election loser. Instead of transparently advocating for businesses and business owners, we have argued that the GOP economic message should center on workers and their families and how to address
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, Bell believes that Trump’s success may ultimately be a “net plus for conservatism” — if he can get the GOP’s economic agenda back on track. And to do that, Bell sees one policy item as absolutely critical: FREEMAN: … In what way could Trump wind
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 booked a little over $650,000, due in part to GOP megadonors’ hesitance in supporting him. This week, however, one pro-Trump super PAC is trying to start closing that gap, with a $1 million ad buy in several swing states. Politico reports that the group, Rebuilding