You Make a Difference! Our mission and operations are funded entirely by Patriots like you! Please support the 2024 Patriots' Day Campaign now.

July 26, 2016

The Late, Great Democratic Party

This week, the Democrats officially appoint the battered Hillary Clinton to be torchbearer of the party. She has slouched to the finish line. She is tired and the country is tired of her. Sorry, Democrats, no do-overs. You’re stuck with her. But it isn’t just Clinton who is out of touch and in tragic decline. It’s the whole Democratic Party. My friends at the American Enterprise Institute reported last week that the Democratic platform is silent on economic growth. Maybe that is because across the country during the past eight years of Obamanomics, economic growth has been silent.

This week, the Democrats officially appoint the battered Hillary Clinton to be torchbearer of the party. She has slouched to the finish line. She is tired and the country is tired of her. Sorry, Democrats, no do-overs. You’re stuck with her.

But it isn’t just Clinton who is out of touch and in tragic decline. It’s the whole Democratic Party. My friends at the American Enterprise Institute reported last week that the Democratic platform is silent on economic growth. Maybe that is because across the country during the past eight years of Obamanomics, economic growth has been silent.

This is an exaggeration, of course, but not much of one. We have had 2 percent growth under Obama, but that’s an economy treading water. It’s sister-kissing growth that, yes, has thankfully kept us out of recession, but doesn’t lead to much, if any, rise in living standards.

Just as Obama refuses to utter the words “Islamic terrorism,” now the whole party can’t seem to bring itself to endorse “economic growth.” For the left, growth isn’t really the goal. They want redistribution of wealth.

The language of a party platform doesn’t matter much, if at all. But if you’re not for growth, you probably aren’t going to produce it, just as if you’re not even trying to get in shape, it’s a good bet you’re not going to shed those extra 16 pounds.

Amazingly, the last great growth hawk of the Democratic Party of modern times, John F. Kennedy, ran against Republican Richard Nixon in 1960 on the issue of the “growth deficit.” The economy in the 1950s was fairly prosperous, much more so than over the last eight years. But JFK said we can “do bettah” and convinced Americans we could see much faster wage gains with greater opportunities.

Through tax cuts and free trade, the JFK era sparked growth rates of 4, 5 and even 6 percent in the go-go ‘60s until LBJ crashed the economy with New Deal welfare statism.

Now we have this weird austerity-worship that has taken over the party. The rich and businesses are portrayed as scalpers and scoundrels. And employers are exploiters in the “you didn’t build that” mindset. Radical environmentalists, a bedrock of the party, are anti-growth and believe that when people get richer, it’s worse for the planet. (They should go live in India or Mexico City and see how well the environment is doing there.) They ridicule what they call “growth-mania” on the right. Human economic activity, they warn, is causing catastrophic global warming.

Perhaps this explains the litany of economic failures during the Obama years. We have had $8 trillion of new debt; minimum-wage increases; Obamacare; an $800 billion stimulus plan (with “shovel-ready” projects); tax increases on the rich; more than $100 billion in green energy subsidies; auto company and union pension bailouts; re-regulation of the financial industry and banks; and a Federal Reserve that has manufactured near zero short-term interest rates for seven years with up to $4 trillion of bond acquisitions. ?All of these were designed primarily to redistribute income, so is it a shock that they haven’t produced growth?

Poor Hillary Clinton has the unenviable task of persuading Americans to open up wide and swallow four more years of this swill.

Here’s a question that Donald Trump and Mike Pence should be asking every day: What would Clinton offer that is any different? She is promising minimum-wage increases, tax hikes on the rich and more infrastructure spending. This is new? This is change?

The left’s defense of growth anemia is that 2 percent growth is the new normal, so get used to it. Obama’s first economic guru, Larry Summers, calls this secular stagnation that is here to stay. This past week at a Politico economic forum I made the claim that we could have 4 percent growth easily, and the jaws of the media dropped in collective disbelief, as if I suggested that we could suspend the laws of gravity.

Actually, 4 percent growth isn’t that hard to achieve. A pro-America energy production policy, including putting coal back in business, could produce $150 billion more output each year. Another percentage point of growth could come from tax reform with reductions in business taxes to spur investment and hiring, according to the folks at the Tax Foundation.

But Democrats will never get us there, because they aren’t even trying. They will celebrate 2 percent growth — the weakest recovery in half a century — as a glittering achievement. The party that once stood with the working class now says Americans have to work more and settle for less. That’s not just wrong; it’s sad.

COPYRIGHT 2016 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.