My rant – not quite the impact of a presidential one
First I want to say that I support (somewhat) what President Trump has done to close the open border, purge DEI and CRT, scuttle the green new deal and stop the Biden Administration’s attacks on the country’s foundations. I support the deportation of criminals – although I rather lock them away in our prisons. I wholeheartedly support the purging of antisemitism from our educational institutions even if I do not favor some of his methods. I support the deportation of those here on student visas who break the law and who pursue antisemitic activities. I like Trump’s deregulatory bent but I do not like that he is anti-market and his tariffs are anti-small business. I like his ending the funding of PBS, NPR and especially Planned Parenthood. I like his purging of wokeness from the government – even if just for his short time in office. I wish he voiced greater support for alternatives to our government schools and moved to decertify the teachers’ unions. I am glad he is again pursing energy independence. He doesn’t like windmills which is a good thing. I wish he had a more aggressive nuclear agenda. Approve more pipelines. End the silliness with the Canadians and utilize to the fullest their energy sources. Open up the vast Alaskan territories. I am overjoyed that he terminated the CAFÉ fleet milage nonsense and terminated the silly regulatory credits that were helping prop up the EV-only makers. I am glad that he is striving to end the trans agenda in our schools. Yes, he has done much that is positive. But he has done much that is negative as well.
I hope that within my lifetime there will be a president that will strive to make America truly great again. We are an immigrant nation and most of our immigrant ancestors came to America seeking a better future. My African ancestors were the exception: captured, caged, shackled and forced into slavery, they had little choice. But the American dream turned their freed descendants into success stories that would make them proud. Regardless of what the well-heeled naysayers bemoan, America radiates exceptionalism. The relative lack of trade barriers has enriched the country. The freedoms enshrined in our country by the brilliance of the Founding Fathers have allowed us to prosper.
I have a close friend who always says that republicans have a winning message but they are awful at messaging. That entrepreneurship, opportunity and capitalism not only preached but demonstrated would resonate with Americans not tribalism, xenophobia, state capitalism (American socialism), trade barriers, increasing deficits, industrial policies and all that we have seen from the last two administrations.
Whatever their differences, Biden and Trump are strikingly similar with regard to pursuing an industrial policy. Both are anti-market armed with government directed industrial policy. Biden’s industrial policy favored the climate scare embodied in the green new deal. Subsidies flowed in that direction. Biden wanted to alter the social fabric of the country with his policies on gender, sex, marriage and abortion. Biden made it a point to try to eradicate anything and everything associated with his predecessor, Donald Trump. Biden turned the country into a banana republic with its persecution of Trump and his allies and with his harassment of conservative organizations, Christian organizations and pro-life groups. He opened our borders and created a crisis of major proportions. Yes, people wanting to make their lives and the lives of their children walked across the border but so did thousands of undesirables. This will disrupt our lives for a generation. Most importantly, Biden and his allies in the teachers’ unions set out to destroy our educational system. Gone were the basic building blocks of education. No more fundamentals. Little Johnny may not know how to read, may not know how to add, may not know geography, may not know civics but he knows Critical Race Theory. He knows gender dysphoria. He thinks that there are 72 genders. Little Johnny may be part of the most intellectually lazy generation of our time.
When Donald Trump was re-elected mainly due to the democrats making him a sympathetic figure, it was payback time. Like Biden before him, Trump set out to eradicate anything and everything associated with Biden. Gone are all of the Biden initiatives and in the place of Biden’s state capitalism picking winners and losers we now have Trump’s state capitalism (American socialism) picking different winners and losers. Trump has brought back mercantilism, long dead and discredited. Up go the trade barriers. Our once friendly trading partners are all depicted as evil characters preying on a gullible, weak and helpless America. Now we are falsely depicted as the weakling with no manufacturing, making nothing ourselves and being dependent upon dishonest trading partners who take advantage of us. A trade deficit is now somehow a threat to national security. So in order to make America great again we must severely limit the amount of goods flowing into the country while maximizing the outflow. Mercantilism lives! Yet mercantilism is based on a zero sum world. What one gains is equal to another’s loss. Americans should know better. Look at the wealth that market capitalism has produced. Market capitalism has lifted billions from poverty including my people in America. Find another people that one day wake up and find that they are free, but have pitifully few positions, most have little skills and none have even a last name. Yet today are mostly so well off that their poor would be rich in much of the world. Look at our relatives in the Congo. Look at those in Sudan. Whine all you want about white supremacy but the evidence is that white supremacists are a bunch of incompetent yahoos. Find me a mass of people flourishing under socialism if socialism is superior to capitalism. How many people have they extracted from poverty? China have succeeded somewhat but is still a failure. Only a demagogue would preach that China is a success story and only a delusional person or a fool would believe it. Our economy is 50 percent larger than China with its 1.5 billion people and we receive most of the world’s direct foreign investment. Why isn’t that money flowing to China? Investors aren’t all crazy.
All the while, we will keep spending money like it is a free good. We have so little fiscal integrity that a $9 billion recission in a $7 trillion budget is treated like winning the World Series. Congress has no shame. Trump has been economically reckless and blames others for his failures. The Federal Reserve is a convenient scapegoat but it is really really hard to conduct rational monetary policy in an environment of irrational and irresponsible fiscal policy. Trump wants there to be no adults in the room and force the Fed to bend to his wishes. Trump wants to run roughshod over the Fed like he has run roughshod over us and the world. He has Congress cowering, except for those from Kentucky. He rants and rails at the Fed because they are the only real line of resistance to his ambitions, other than the courts. I find it interesting hearing those who yelled at the Fed for accommodating Biden now yelling at the Fed to accommodate Trump. Do you really want the Fed to cut the Fed funds rate to 1 percent like Trump is demanding? Do you really think that making Americans pay more for goods while foreigners pay less is really a rational policy? Do you think the seemingly haphazard imposing of random tariffs on 193 countries and a few Artic islands is good policy? And why is Russia’s tariff zero? Even the Ukraine has a 10 percent tariff. The bottom line is that Trump wants to keep spending. He wants the Fed to pay his bills. And this is the route to economic prosperity and economic stability? I don’t think so.
Regardless of this mess, at their core we Americans know better. We know that trade is mutually beneficial else it would not take place. We know that most public schools stink so we are forcing the education system to change. We know that most immigration is beneficial so we want a rational system to oversee it. We are all capitalists at heart. We love our freedoms. Few of us want to impose them on others. We know better than any bureaucrat and government what is best for us and our children. We know private property is a main component of economic freedom and we defend it. Despite all the social and economic nonsense that have come out of the previous two administrations we know that we can do so much better. We are Americans and we will overcome.
Vince Ginn in National Review has 20 things that will make America great again. Here is the to Econ 101: A Compass for a Lost Country






