The problem with growth in the US economy will be immediately be solved the day that we stop the trade war with China. We don’t need the Fed to counter-balance a political battle between China and the US. Mark my words, when this trade war is over, the economy will almost immediately overheat.
Also, you can guarantee that POTUS will turn off the trade war by the first quarter of 2020 so that the economy is running at top speed for the November election. The Chinese know this and they know they just have to hold on 6 more months and our political will for the trade war will vanish.
Source: High Interest Rates Are Hobbling Growth – WSJ
There’s an increasingly strong case that the Federal Reserve should cut interest rates to weaken the U.S. dollar and encourage greater exports—and that it should do it soon.
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I live in Ohio, so I wasn’t surprised that last night I received a call asking me to support a Presidential candidate. I was surprised that the candidate was Bernie Sanders.
I almost felt sorry for him but in the end, I did suggest that when he hung up that he should leave the volunteer center and go home and stop trying to ruin America now that he had received a lesson in economics and voting record.
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I have written about the legacy of George Walker Bush several times on this site. Most notably, I did a 5 part series that tried to answer the question if GWB is the worst President ever. Now I read an opinion by Thomas Fleming, who is one of the most respected and well written presidential historians that we should all take a long sigh and relax for a bit before grading the man.
I respect the work of Mr. Fleming (and the WSJ) to quote too much of his article on this site. Please go to their site and read the full opinion but here are some highlights that I thought were interesting.
Several polls of historians have named George W. Bush the worst
president in American history. This baffles me. I’ve been writing about
presidents for a long time. What I know, and what I presume these
gentleman know, doesn’t connect.
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The current President of the United States, Barack Hussein Obama, has had a very troubled start to his Presidency. Not only did he inherit a mess in the economy, but he has had multiple mis-steps in his selection of his cabinet and advisors. While the tax problems with Daschle and others have plagued the first few nominations, now there is even some concern about his most important advisor, his chief of staff, Rahm Emanuel. There has also been some criticism for his first international discussions, the first phone call he made to a foreign power was to President Abbas, the leader of the Palestinian Authority.
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For the last 4 posts we have been exploring the claim that George W. Bush is the worst President of the United States ever. I am tired of this conversation now. I may add more topics to grade George W. Bush but I think this is a good list for now. So, how did he do? Lets give the short report card. See the earlier posts if you want to understand the reason behind each grade.
9/11 – A – 4.0
Anthrax – A – 4.0
Afghanistan invasion – A – 4.0
Afghanistan occupation – D – 1.0
Al Qaida – C – 2.0
Preventing terrorism – C – 2.0
We are wimps – A – 4.0
Libya – A – 4.0
Africa – B – 3.0
Economy – C – 2.0
Corporate governance – B – 3.0
Iraq solution – C – 2.0
Iraq invasion – A – 4.0
Iraq occupation – D – 1.0
Israel – B – 3.0
Palestine – D – 1.0
Iran – not sure – no GPA
North Korea – C – 2.0
World opinion – no grade matters – no GPA
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For the last three posts we have been exploring the claim that George W. Bush is the worst President of the United States ever. Some say that he is the worst, some say he is in the middle of the pack but just about everyone agrees he is not the best ever. This post continues the job of grading W on the various issues that he faced in his two terms of office. See the previous posts to get the background for where we are now.
Iraq occupation – D – same as Afghanistan. A lot of good but the job is not done so W can’t get better grade until the job is done. He can’t get better than a C ever since he messed up so bad by putting Bremer in place – Bremer’s decisions really messed up the nation for several years. I think that history will eventually say that the US did better in Iraq than just about any other takeover of a foreign nation (Ukraine, Yugoslavia, Georgia, Poland, etc) although that is a terrible standard to compare us to.
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