UPDATE: This article erroneously claimed that members of congress are required to live in the district they represent. This has been corrected. Facts are irrelevant to Dems. Its all about emotion-based manipulation-Demagoguery.
Last week, I gave a talk to high-wealth investors in San Francisco -- not exactly an audience of left-wing activists -- and people kept asking me the question of the day: "Will there be a recession?" My reply: I'd never say never, but I don't see a recession in 2020. And if we get a trade deal with China, the economy is going to soar.
What was disconcerting was the reaction from the audience. Many people frowned. One woman shouted at me: "I want a recession so we can get rid of Trump."
I said to her as nicely as possible that even if you don't like the president, you don't want to root against America. Do you really want millions of people to lose their jobs? Do you really want people to earn less money? That doesn't sound very patriotic or compassionate.
The woman crossed her arms and scoffed. Now I get it that San Fran is the epicenter of anti-Trump derangement syndrome, and so maybe I shouldn't have been surprised.
But now we see Democratic leaders and the "unbiased" media openly rooting for a recession. The drumbeat for an economic contraction has been nonstop for the last two weeks. Maryland Rep. John Delaney, a Democratic presidential candidate, recently chastised his own party for cheerleading a financial collapse.
All of this negativity has made Democrats appear so bloodthirsty for power that they want American workers to suffer so they can reclaim the crown. The people who would be hurt most by this hoped-for end to prosperity would not be the superrich -- people like HBO's Bill Maher, who every week pines for economic pain and suffering -- but the very working-class Americans that liberals insist they stand behind. Right.
Ironically, these economic pessimists are many of the same people who, while Barack Obama was president, accused the Republicans of "talking down the economy." Many of the economists who are forecasting recession are also the sages who, three years ago, predicted that Trump's election would cause a second Great Depression. What a track record.
Can the media and the pundits talk America into a recession? They want to, but probably not. We do know, however, the fuel that can drive growth is not just good policy -- tax rate cuts, deregulation, sound and stable monetary policy -- but also investor, worker and business confidence and optimism. Wet blankets of negativity don't help.
The news that has been buried about the economy has been some of the best jobs and income data in half a century:
-- We have the lowest unemployment rate since the 1960s.
-- We have the lowest unemployment rate for women, blacks, Hispanics and those without a high school diploma since 1969.
-- We have the lowest inflation rate in 50 years.
-- We have the lowest interest rates in most people's lifetimes. The 30-year mortgage rate in many markets is down to 3.5%. When Jimmy Carter was president, rates for mortgages hit 20%.
The wealth of American families and businesses recently reached $100 trillion for the first time ever. As more than half of all families own stock, this wealth burst affects nearly everyone.
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
MINNEAPOLIS Rep. Ilhan Omars soap-opera love life threatened to become more of a political thriller Wednesday as watchdog groups questioned whether her alleged affair with a married member of her paid political-consulting team constituted an ethics violation. AmericanThinker
Fifth Illegal Immigrant Accused of Rape Arrested In Maryland County In Less Than A Month
Its clear that you dont have to be in a border state to still feel the impact of illegal immigration especially when it involves criminals.
Townhall reports Montgomery County, Maryland recently an illegal immigrant after he allegedly crawled into a 16-year-old girl's bed and raped her at knifepoint.
This is the fifth illegal immigrant arrested for alleged rape in the county in less than a month.
Illegal Immigration and Customs Enforcement confirmed that the latest suspect is a Salvadoran national illegally residing in the country.
While Montgomery County does not officially recognize itself as a sanctuary county, their policies make it clear that they do not comply with ICE in most situations.