Economic freedom is one of the greatest threats to liberalism. The State of the Union is about you and me, not the political class or the elitists on the left or the right. Few presidents, especially in their first year, have presided over the type of economy we see under President TrumpDonald TrumpOn The Money – Senate risks Trump’s wrath with debt ceiling deal Banking regulator erupts in partisan split as Democrats turn Biden thug to appear in ‘The Tonight Show Starring Jimmy Fallon’ on Friday MORE.
Let us examine the economic state of the union in relation to the economic state of the European Union and other sovereign unions.
The trajectory of the United States has changed dramatically from the Obama presidency. Unemployment is 17 years low, we have the lowest unemployment rate for Hispanics and the lowest unemployment rate for blacks. Since the passage of the Tax Cuts and Jobs Act, more than 2 million Americans have received a raise or bonus. Many Americans don’t think they are in the market, but if they have a pension or a 401 (k) they are in the market and these accounts start showing real value after the negatives of the economy d ‘Obama. We have seen a shift from regulation to a nation of deregulation, and as the White House continues on that path, the free market will continue to thrive.
In Davos last week, the headlines may have been the proclamations of the globalist community led by Angela Merkel, Emmanuel Macron and Xi Jinping, but markets in the United States and abroad told a somewhat different story. . It is not often said that a stronger US economy and a stronger domestic financial market is a better investment for foreign companies.
Large international companies like FedEx and Exxon have not only given their employees in the form of bonuses, but we are starting to see reinvestments that strengthen these companies nationally and internationally. This fuels the virtuous economic cycle and the consumer economy. Despite the deceptively liberal outrage over tax cuts, I don’t hear of Starbucks baristas giving back their bonuses or pay rises.
A strong economy and its continued growth are, in many ways, linked to good infrastructure. You would think this would be a non-partisan issue and, given previous Democrats’ statements, something they would favor. There are Democrats ready to jeopardize the country and your economic future because they have to resist whatever Trump offers that they have supported in the past. It is the political history of the present and the hypocrisy of the left combined.
As a fiscal conservative and a pragmatic approach, neither the White House nor I want to create a deficit by rebuilding and updating our infrastructure.
There is a path to a compromise between public and private partnerships. Growing the economy is the key to rebuilding our infrastructure. The infrastructure goes beyond the four or potentially eight years of a Trump presidency. The necessary investment in more than roads and bridges, including our technological and energy infrastructure, will enable a country to be more capable and ready for new innovations.
The economy without infrastructure cannot continue to thrive and infrastructure cannot be built without a healthy and growing economy.
Republicans should not rest on their laurels and continue to work on more tax reforms and economic issues as the main driver of a needed recovery and to address our growing debt and deficit.
The ordinary person, who from the perspective of the ruling classes of the past was often referred to as a serf, indentured servant, or modern lower and middle class who achieved economic freedom, will not give up voluntarily.
There is a measure of control allowed when your needs and the means to meet them are determined by an outside party. There are those in the halls of governance in Washington, DC, or the well-dressed polite diners who wish to control your personal economy. Now we have reached a point where some of the masses who do not have the will to risk and succeed or fail, or the understanding of that, have accepted economic serfdom reinforced by generations of Keynesian economic inbreeding. For the record, biological or economic inbreeding is never good.
The resistance knows and is pissed off. The deep state mentality that supports the elitists is questioned by those who have tasted a bit of economic freedom. A cornered animal is dangerous, a cornered political animal is even more dangerous because the burnt political landscape hurts many, sometimes most and in the case of a despotic regime in any form.
The state of our Union is strengthening and will be necessary to meet national and global challenges on many fronts.
Webb is the host of “The David Webb Show” on SiriusXM Patriot 125, a Fox News contributor and frequent television commentator. His column appears twice a month in The Hill.