“Every new regulation concerning commerce or revenue, or in any way affecting the value of the different species of property, presents a new harvest to those who watch the change, and can trace its consequences; a harvest, reared not by themselves, but by the toils and cares of the great body of their fellow-citizens. This is a state of things in which it may be said with some truth that laws are made for the FEW, not for the MANY.” —James Madison (1788)
IN TODAY’S EDITION
- American families benefit from the president’s economic policies.
- Nike and Colin Kaepernick are dishing on America again.
- Daily Features: More Analysis, Columnists, Headlines, Opinion in Brief, Short Cuts, Memes, and Cartoons.
The White House Council of Economic Advisers released a report last Friday indicating that President Donald Trump’s deregulation efforts will lead to increased household incomes by an average of $3,100 over the next decade. You may read Leftmedia reports about how the current economic expansion is only making the rich richer and “everyone else not so much,” but the truth is most American families have benefited from a healthy economy.
The chief economist on the council, Casey Mulligan, explained, “The deregulatory efforts of the Trump administration have also removed mandates from employers, especially smaller businesses, and have removed burdens that would have eliminated many small bank lenders from the marketplace. These deregulatory actions are raising real incomes by increasing competition, productivity, and wages.”
The report also notes the hidden cost of regulations, stating, “The ongoing introduction of costly regulations had previously been subtracting an additional 0.2 percent per year of real incomes, thereby giving the false impression that the American economy was fundamentally incapable of anything better than slow growth. Now, new regulations are budgeted and kept to a minimum.”
One of the most notable examples of Trump’s deregulation impact has been on prescription-drug costs. Over the past two years, prescription price increases, which have almost always outpaced the inflation rate, fell by more than 11% below the inflation rate and, the report says, “even declined in nominal terms over the calendar for the first time since 1972.” The report estimates “that the results of these actions will save consumers almost 10 percent on retail prescription drugs, which results in an increase of $32 billion per year in the purchasing power of the incomes of Americans (including both consumers and producers).”
The stock market has also benefitted from Trump’s deregulatory efforts, as stocks had “their best June in decades, capping a strong first half of 2019,” The Washington Post reported. Another area of deregulation benefits everyone with an automobile. Thanks to the fracking revolution, the U.S. has become the world’s largest oil producer, and the International Energy Agency says we can expect enough supply in 2020 to more than offset increased demand. That may keep prices stable or even reduced.
Meanwhile, Rasmussen released a recent poll of likely voters finding that a clear majority aligns more with Trump’s platform than with the Democrats’. A majority of voters (54%) saw the Democrat presidential candidates as being outside the mainstream and even extreme in their leftist platform. Instead of tacking to the middle, Democrat candidates seem committed to outdoing each other in their race to the extreme Left, and voters are noticing. That’s especially true when Trump’s policies are benefiting Americans across the board.
Colin Kaepernick is up to his anti-American antics again, and Nike made an expensive decision to grovel before its official social-justice warrior. Nike had already shipped its Air Max 1 USA, complete with an embroidered Betsy Ross flag on the back, to mark the upcoming Independence Day holiday. But Nike instructed retailers to return the shoes because it had “an old version of the American flag.” However, The Wall Street Journal reports that decision came after “Kaepernick, a Nike endorser, reached out to company officials saying that he and others felt the Betsy Ross flag is an offensive symbol because of its connection to an era of slavery.”
The Betsy Ross flag was designed in the 1770s as our Founding Fathers were launching the fight for American independence. Its 13 stars and 13 stripes represented the original colonies and thus the first states. But to Kaepernick and his ilk, the flag represents not Liberty but racial oppression.
Then again, to Kaepernick, everything about America seemingly represents oppression. He is a minority man, adopted by loving white parents, who parlayed some skill on the football field to a lucrative contract and a Super Bowl appearance with the San Francisco 49ers. When his play became subpar, he was benched — only to begin pouting (kneeling) on the sidelines during the national anthem. Asked about this pathetic display, he “justified” it by saying he was protesting America’s tarnished history of oppression. His protest spread to other NFL players and fomented years of controversy over what was supposed to be a unifying practice before games — standing for the national anthem.
After no NFL team wanted to pay big bucks for a lousy quarterback to run a three-ring circus, he sued the league over “collusion” to blacklist him. He settled for millions of dollars. Then Nike chose the unemployed athlete as its official “Just Do It” spokesman, paying him millions and, aggravatingly, boosting its own sales.
So, Mr. Kaepernick, explain to us again how “oppressed” you are.
As for Nike, last week the company also preemptively bowed to the Chinese government. According to The Financial Times, “Nike has cancelled the sale of a line of limited-edition sports shoes in China after the sportswear maker’s Japanese designer supported recent Hong Kong protests.” Given that Nike produces most of its shoes in the low-wage Communist workers’ paradises of China and neighboring Vietnam, it’s little wonder that it is careful to avoid offending the party poobahs in Beijing. And that’s entirely consistent with Nike’s catering to the wishes of totalitarian leftists here in the “Land of the Free.”
Only Two Days Left
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ON OUR WEBSITE TODAY
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- Video: A Fine Time to Become an American — Yes, I picked a fine time to become an American — because it’s always a fine time.
BEST OF RIGHT OPINION
For more of today’s columns, visit Right Opinion.
TOP NEWS EXECUTIVE SUMMARY
VIRTUE DEFICIENT: “U.S. Customs and Border Protection says it’s investigating a private Facebook group for current and former agents where users mocked the deaths of migrants and posted sexist and racist jokes about Latino members of Congress.” (CBS News)
PHONY GRANDSTANDING: “New York Rep. Alexandria Ocasio-Cortez reportedly screamed at federal law enforcement officers Monday while visiting the U.S.-Mexico border. … The news comes just hours after Ocasio-Cortez sent out a tweet saying that she saw people ‘drinking out of toilets’ inside the facilities and ‘officers laughing in front of members [of] Congress.’” (The Daily Wire)
BORDER CROSSING SHUTTERED: “U.S. authorities closed an international border bridge in El Paso, Texas, early Monday in response to Central American and Cuban migrants protesting on the Mexican side of the border. … The decision to close the bridge came as ‘a large and unruly group formed on the Mexican side,’ according to CBP spokesman Roger Maier.” (The Hill)
BIRDS OF A FEATHER: “The former top lawyer for Hillary Clinton’s failed presidential campaign who hired Fusion GPS to carry out controversial opposition research against then-candidate Donald Trump in 2016 is now working for … 2020 Democratic presidential hopeful [Kamala Harris].” (Washington Examiner)
IRS REFORM: “President Donald Trump signed a bipartisan bill Monday to force greater accountability on the IRS in … property seizures, as well as protect taxpayers from identity theft, boost whistleblower protections, and modernize the tax agency. … The new law, the Taxpayer First Act, requires the IRS to show probable cause that … smaller transactions were made in order to evade financial reporting requirements.” (The Daily Signal)
UNCHARTED EXPANSION: “As July starts, the current U.S. economic expansion is crossing an invisible line: At 121 months, it’s officially the longest period of growth in U.S. history. From here on out, we’re in uncharted territory.” (CBS News)
ON THE FLIP SIDE: “US manufacturing activity last month fell to its lowest level in nearly three years — well below the pace when President Donald Trump took office — another warning sign for the world’s largest economy as it marks the longest expansion on record.” (Agence France-Presse)
JOURNALISM FREE FALL: “The news business is on pace for its worst job losses in a decade as about 3,000 people have been laid off or been offered buyouts in the first five months of this year. The cuts have been widespread. Newspapers owned by Gannett and McClatchy, digital media companies like BuzzFeed and Vice Media, and the cable news channel CNN have all shed employees.” (Bloomberg News)
FIGHTING BACK: “Second Amendment right groups sued the state of California Monday over the new law banning the sale of firearms to people under the age of 21. The groups, the Calguns Foundation and Firearms Policy Coalition, argued in a lawsuit filed in San Diego on behalf of individual gun owners that those 18 and over are adults and have a right to purchase a firearm.” (Fox News)
POLICY: Addressing national debt is far more important than trade deficits (The Daily Signal)
POLICY: Unmask antifa and watch the cowards retreat (National Review)
HUMOR: Antifa shatters mirror in attempt to punch Nazi (The Babylon Bee)
For more of today’s editors’ choice headlines, visit In Our Sights.
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OPINION IN BRIEF
David French: “There is … a simple and well-known legal reform that will go a long way towards deterring Antifa violence — even when police aren’t close by, but iPhones are. It’s called an anti-masking law. They’ve long existed in the South as a check on Klan violence, and they not only make it easier for police to immediately identify and arrest criminals, they also allow witnesses to preserve the pictures and videos of violent attackers for later criminal or civil action. … Anti-masking laws can be unconstitutional when applied to peaceful demonstrators seeking to protect their identities as a matter of personal safety, but that reasoning doesn’t apply to Antifa. Its members seek to engage in violence and destruction with impunity, and the mask protects them from legal accountability. … While anti-masking laws aren’t a perfect cure, one thing is definitely true — it’s hard to throw a punch when you’re hiding your face with your hands.”
Upright: “Iran’s actions should … prompt Europe to join the U.S. in sanctions. Some in Europe are hoping Mr. Trump will lose his re-election bid and a Democrat will rejoin the nuclear accord. But we’ve learned enough about Iran’s behavior to know that the regime always intended to use the deal to finance its adventures abroad, while biding its time and getting stronger as it waits for the date it could escape the deal’s strictures and become a nuclear power.” —The Wall Street Journal
For the record: “People don’t flee their homes because they want to, people flee their homes because they feel they have to. Why? Because they don’t have a job, because they are being threatened by gangs, because they don’t have basic things like water, education, health. We can blame any other country but what about our blame? What country did [the two Salvadorans who drowned] flee? Did they flee the United States? They fled El Salvador. They fled our country. It is our fault.” —El Salvador President Nayib Bukele
The BIG Lie: “This inhumane [‘Remain in Mexico’] policy is causing suffering and death.” —Beto O'Rourke
Dezinformatsiya: “Do you agree that it is despicable for a government to kill a journalist?” —Jim Acosta on foreign soil trying to “get” Donald Trump on the Saudi murder of Jamal Khashoggi
Non Compos Mentis: “If someone needs a surgery to be full and to live their life fully — the idea is a health-care system that actually serves everyone to the fullest, not a health-care system that rations and causes people to struggle to get just a little health care.” —Mayor Bill de Blasio, who maintains that taxpayers “absolutely” should foot the bill for gender-reassignment surgery
And last… “In our society, for some people on the other side, the only thing worse than Satan is a black conservative. Blacks are supposed to think a certain way. If you do not think that way, you are an Uncle Tom. To me, know what that sounds like? Racism.” —HUD Secretary Ben Carson
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Nate Jackson, Managing Editor
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