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- CIVILIZATION’S INTERREGNUM – PART 15
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Where Does Joe Biden Rank Among America's Worst Presidents?
- By Stephen Moore
President Joe Biden's time in the White House is mercifully coming to an end. He's now officially a lame duck with six months to go.
Biden was a victim here of a corrupt Democratic machine (with a complicit media) that thought it could pull off a grand election-year deceit despite Biden's failing cognitive abilities. The establishment and a compliant media convinced millions of primary voters that he was of sound mind and ready to serve four more years. This lust for power put America in danger. How could they be so unpatriotic?
So where will Biden stand in the history books? He wasn't a failed president because of his declining cognitive abilities. It was his policies that wrecked America.
Some 40 Years Later: A Nation STILL at Risk
- By Stephen Moore
School's out for the summer, so now it is time to examine the state of our education system.
By any objective measure, our school performance is fair or poor for most children. Math scores hit a 20-year low. ACT scores dropped to a 30-year low last year. In dozens of schools throughout the country, not one child is reading or practicing math at grade-level proficiency. Not one!
Some of this poor performance is due to the unforgivable mistake of shutting down our schools during COVID-19 -- despite children being less vulnerable to the virus.
Biden Housing Scheme Could Ignite Another 2008 Mortgage Crisis
- By Stephen Moore
Politicians in Washington have very short memories, so they repeat the same mistakes over and over.
It was only 17 years ago that the "subprime" mortgage crisis torpedoed the economy and sent the financial markets into the biggest tailspin since the Great Depression. Millions of Americans lost their jobs. One of the matches that lit that bonfire was Freddie Mac and its cousin, Fannie Mae, offering generous, taxpayer-guaranteed mortgage insurance to risky borrowers on loans with low down payments.
It all blew up in the faces of the taxpayers even though the Washington experts said the chances of these mortgages going bust and taxpayers taking a loss was less than one in a thousand.
Hey Joe: Where Are All the EV Charging Stations?
- By Stephen Moore
The Biden administration has spent tens of billions of dollars on green energy, yet last year the U.S. and the world used record amounts of fossil fuels.
That would seem to be prima facie evidence that this "great transition" to renewable energy has so far been an expensive policy belly flop.
The evidence is everywhere. Americans aren't buying electric vehicles any more than they were before President Joe Biden was elected. Even with record federal subsidies, car companies are losing billions of dollars making EVs that people don't want. Wind and solar still account for less than 10% of American energy, and across the country hundreds of communities are saying "not in my backyard" to ugly, spacious solar and wind farms. And of course, electric bills and gas prices at the pump are 30% to 50% higher, even though we were promised the green revolution would save us money.
5 Reasons to Make the Trump Tax Cut Permanent
- By Stephen Moore
No issue defines the diametrically opposite economic philosophies of Joe Biden and Donald Trump than their position on the Trump tax cuts. Trump wants to make those tax cuts permanent; Biden has repeatedly promised to tax America back to prosperity by repealing the Tax Cuts and Jobs Act. But there are so many factual errors swirling around regarding the Trump tax cuts that it's a wonder that the "truth screeners" on the internet haven't flagged this all as "disinformation."
So, as a public service I will help do their job for them and review "just the facts, ma'am," using the official government data, on how after five years the tax cuts have impacted jobs, the economy, tax fairness and the simplicity of the tax code.
Biden 2.0 -- Be Afraid, Be Very Afraid
- By Stephen Moore
Could a second Biden term be more injurious to the economy than his first term? It seems unimaginable given the first three years gave us 20% inflation, a $2,000 loss in average real incomes for the middle class, 6 million added illegal immigrants, a war on American energy that has caused gas prices to rise by more than 40% to $3.64 a gallon, the collapse of our many major cities, another $6 trillion added to the national debt, the unaffordability of new homes, and the chaos on college campuses.
So what's the encore to that abysmal performance? What will Bidenomics 2.0 look like if it comes to that?
That '70s Show -- Is Biden Taking America Back to the Age of Jimmy Carter?
- By Stephen Moore
Everything that is happening in our fractured nation today seems so worrisomely reminiscent of America's last lost decade -- the 1970s.
For those who don't remember, the late 1970s under part-time President Gerald Ford and then much worse under President Jimmy Carter was one economic and national security setback after another.
The witches' brew of high inflation of 7% to 10% by 1979 and ever-increasing tax rates -- which rose as high as 70% -- drove the economy into a ditch. Real family incomes cratered under Carter because inflation rose so much faster than family take-home pay. Homes became unaffordable, with interest rates on mortgages skyrocketing up to 17%. Gas prices tripled. Carter blamed "Big Oil" and "invested" in pipe-dream green energy alternatives that all went bankrupt.
Four Radical Reforms to Shrink the Federal Budget
- By Stephen Moore
It was nearly 50 years ago that a liberal Congress completely dominated by Democrat big spenders passed a new set of budget rules -- the Congressional Budget and Impoundment Control Act of 1974.
It has been a complete and unmitigated disaster. Since the act's passage, the budget has been balanced four times and unbalanced 46 times. This was by design. Despite being called a "budget reform" law, the act was intended to grease the skids for new spending, but even Congress members the '70s who designed it that way couldn't have imagined the Pandora's box of spending and debt it uncorked.
The law's intention was to loosen restrictions on congressional spending, and to that extent, it worked.
Why Small Businesses Hate Bidenomics
- By Stephen Moore
If the economy is so good, why do small business leaders feel so bad?
The latest Small Business Optimism Index from the National Federation of Independent Business could hardly be more depressing. It finds that the men and women who run our 33 million small businesses and hire more than half of American workers are in a somber mood. The survey finds that small-business confidence has reached its lowest point in 12 years.
Amazingly, small company CEOs are even more fearful of the future today than during the COVID-19 pandemic, when most businesses were shuttered. The confidence numbers have decreased every year President Joe Biden has been in office. Here are the numbers, according to NFIB:
Joe Biden on the Economy: I Don't Feel Your Pain
- By Stephen Moore
In 1992, Democratic presidential nominee Bill Clinton famously answered a voter question about how the national debt affected him personally. Clinton's response was often paraphrased as, "I feel your pain."
Whether Bill was for once being sincere or not, his words resonated.
Now President Joe Biden is running for reelection with the opposite message: Stop complaining. Everything is going great. Some of his sycophants in Congress and his stooges in the media are now complaining that the problem isn't Biden's failed policies, it's that Americans are just too stupid to understand how good things are today.
The Biden Administration Takes a Swipe at Credit Card Industry
- By Stephen Moore
The Biden administration regulators see a monopoly boogeyman behind the curtain of nearly every business merger and acquisition -- from airlines to cellphones to chicken producers.
Now they're trying to stop Capital One from acquiring the credit card company Discover.
That's a bizarre cease-and-desist order, because this acquisition by Capital One would INCREASE rather than inhibit competition in an industry that processes two-thirds of retail store and online transactions worth $5 trillion each year. Americans love swiping and tapping for their shopping.
Biden's Tax Plan That Puts America Last
- By Stephen Moore
I am often asked if President Joe Biden is intentionally trying to dismantle the American economy with his imbecilic energy, climate change, crime, border, inflation and debt policies. But I've always believed these policies are driven by a badly mistaken ideology -- not malice.
Then I watched Biden's State of the Union speech. When Biden thundered that he was going to make corporations "pay their fair share," the Democrats in Congress leapt to their feet in applause.
Biden's OTHER Immigration Calamity
- By Stephen Moore
Recent polling shows President Joe Biden's open-border immigration policy is now ranked as the No. 1 or 2 problem facing America -- in part because of the havoc in our large cities where the millions of migrants are now residing.
Americans are a welcoming and generous people, but this policy of laying out a welcome mat to any and everyone who wants to come has stretched the bounds of our compassion to the breaking point.
The vast majority of the current asylum-seekers are not criminals, drug runners or potential terrorists -- though some are. Most are simply coming here for the reason our parents and grandparents came: a better life and economic opportunity for themselves and their kids. They are not villains. They are the victims of Biden's inhumane and ruinous "let 'em in" border policy.
Michigan Takes a U-Turn Back to the Rust Belt
- By Stephen Moore
No state in modern times has transitioned from a worker freedom state to one that forces workers to join a union and pay dues to labor bosses. All the momentum across the country in the last two decades has been in the opposite direction: allowing workers the right to choose a union -- or not.
That's why what happened last week in Lansing, Michigan, is such a tragic setback for workers' rights and for the economic competitiveness of the state where Henry Ford rolled off the assembly lines the iconic Model T some 100 years ago.
What Biden Bull Market?
- By Stephen Moore
President Joe Biden is boasting about the recent stock market rally. He's right that stocks have been on a tear for the last 14 months. The S&P 500 hit 5,000 for the first time in history. That's up from 500 some 30 years ago.
Even with all our problems, the United States is the unrivaled alpha male nation. The dollar is the only currency that matters globally (the Euro and BRICS are weak little sisters), and for the first time, the U.S. economy produces far more than all of socialist Europe combined. Our Magnificent Seven technology firms -- Amazon, Apple, Google, Nvidia, Meta, Microsoft and Tesla -- are close to being worth more than all of the stocks combined in any other country, with the exception of China.
The Biden, Schumer, Romney Foreign Aid Budget Buster
- By Stephen Moore
President Joe Biden, Senate Majority Leader Chuck Schumer, and a handful of left-leaning Republicans (led by Utah Sen. Mitt Romney, of course) have just agreed to a near $100 billion foreign aid bill for Israel and Ukraine.
Is the spending addiction so severe that there is NOTHING Congress will not spend and borrow money for?
Not one penny of this aid package is paid for with offsetting spending cuts from a near $6 trillion budget. President Donald Trump has sensibly suggested that the foreign aid funds -- if any -- should be in the form of a loan to be paid back by the recipient countries over time. The Dems wouldn't go for that.
Stephen Moore is a senior fellow at Freedom Works. He is also author of the new book: "Govzilla: How The Relentless Growth of Government Is Devouring Our Economy." To find out more about Stephen Moore and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.
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