My intrepid Mercatus Center colleague Veronique de Rugy and her co-author Justin Leventhal show that the great geyser of cronyism that is the U.S. Export-Import Bank is still justly called “Boeing’s Bank. ”
Since this trade war started, not only has no country lowered its tariffs as a result of the administration’s pressure, but many tariffs have actually gone up. Prices are up, too. Washing machine prices are up 16.4 percent . The price of steel has skyrocketed, making American steel even less competitive than it was before. Car prices are already rising thanks to the steel tariffs, too, but they could rise much more if the 25 percent tariffs on imported automobiles, SUVs, vans, trucks, and all auto parts becomes a reality.
And yet few of Mr. Trump’s supporters seem to hold the president and his team accountable for their failed promises. To be fair, such “forgiveness” is not unique to Trump supporters.
Remember president Obama’s “if you like your plan you can keep it ” blunder? Remember the many other failed promises made by Mr. Obama about the impact of his signature health care bill? While millions of Americans lost their health-care plans and others faced stunningly higher premiums as a result of the legislation, Mr. Obama would then go on to win another term.
Most immigrants come here for economic reasons. In what sense is it generous or charitable on the part of Americans to allow an immigrant to come here voluntarily and to work for an American employer? Not only do both the employer and the immigrant gain; the consumers, investors, and economy do as well.
George Will calls for the abolition of the death penalty . Here’s his conclusion:
Conservatives have their own standards, including this one: The state — government — already is altogether too full of itself, and investing it with the power to inflict death on anyone exacerbates its sense of majesty and delusions of adequacy.