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THE ECONOMY: THE BIG WHITE ELEPHANT IN THE ROOM

Posted by Tim Bryce on January 9, 2020

BRYCE ON POLITICS

– Always remember: “It’s the economy, stupid!”

Click for AUDIO VERSION.
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If you are wondering why the Democrats in Congress are so aggressively resisting President Trump, look no further than the big white elephant in the room, the economy. More than anything, the Democrats are terrified of the president’s accomplishments in terms of the economy as it poses the single biggest threat to their regaining control of the House, along with winning the Senate and Presidency. They have been putting on a full court press against the president in the hopes the American taxpayer will forget the prosperity triggered by Mr. Trump’s policies.

This is why Speaker Nancy Pelosi (D CA-12) made her formal request for articles of impeachment on Thursday, December 5th; one day before the release of the Labor Department’s December report on job growth, the second-biggest monthly gain in the Trump presidency. Knowing such a report of prosperity would hurt them politically, the Democrats tried to preempt it by calling for impeachment, thereby disrupting the news cycle.

If you will excuse the pun, the economy represents the Trump card for the 2020 presidential election. The Democrats have tried to run from it, take credit for it, say that is was a flash in the pan, even calling it a total failure. There is one problem, the Democrats are offering no alternatives other than Socialism and skyrocketing taxes, which would likely cause the economy to go into a tailspin. The Democrats fully understand the political importance of a prosperous economy on the American public, and know it is the biggest obstacle to their success, which explains why we are faced with an impeachment based on flimsy charges and evidence.

These diversionary tactics have been going on since Mr. Trump assumed the presidency. To illustrate:

First, the Democrats claimed it was President Obama’s policies, not President Trump’s, that pointed the economy in the right direction. In reality, President Obama’s true economic record doesn’t come anywhere close to President Trump’s, and the Democrats know this, but hope they can fool the public. To illustrate, everyone knows manufacturing stalled out at the end of President Obama’s term, yet it has been experiencing a Rennaisance under President Trump. According to Barron’s just one year ago, “2018 was the best year for manufacturing job growth in the U.S. since 1997. Factories added 264,000 workers in 2018, up from 176,000 workers in 2017.” It was even better in 2019.

Even the Washington Post, one of the president’s chief antagonists, had to reluctantly admit the economy is booming, “The November and December data is preliminary, so the numbers could change, but without a doubt, it’s a great result: the largest annual gain in manufacturing jobs since the Great Recession wiped out nearly 1.4 million just in 2009.”

Second, the Democrats insist the United States is going into a recession. This is nothing more than political spin. If you study the data, this is simply not true. It is scary the Democrats want to panic the public with a doom-and-gloom scenario, but this is politics and they hope it will trick people into voting for them. Whether you like President Trump or not, it is disturbing the Democrats want to see the country fail.

Third, the Democrats would have us believe the Trump tax cuts only benefit the rich. The tax cuts helped John Q. Public in terms of putting more money in their pockets, which invigorated consumer confidence and led to the largest holiday spending spree in history, thereby propelling business and jobs even farther.

It has also brought more jobs back to our shores. As Bloomberg recently admitted, “Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday.” And even more is on the way. It is no small wonder the unemployment numbers have declined sharply, particularly for African-Americans, Latinos, Asians, and women, which will help President Trump at the ballot box, all of which terrifies the Democrats.

The Reshoring Initiative, a group which monitors jobs returning to our shores, insists President Trump is setting records for companies returning jobs to our shores. All of this translates into more jobs, a higher Gross Domestic Product (GDP), and prosperity for everyone.

It is likely the Democrats will try other diversionary tactics in order to dissuade people from voting for the president. I suspect, they will make some obscure claims that the stock markets, which have reached historic highs recently, will flounder and decline, or maybe claim it is slow and grew faster under Democrat administrations. They may also delay pending trade deals, all of which helps American workers.

All of these false claims and political histrionics is aimed at diverting Americans from the big white elephant in the room, the economy, which will ultimately torpedo Democrat fortunes in 2020, a year of reckoning for them. This is why they refuse to discuss it. We should be celebrating the economy, as opposed to trying to torpedo it. The American public will look past the facade, and likely re-elect the president, making him the most effective president since Theodore Roosevelt.

Just remember, “It’s the economy, stupid!”

Keep the Faith!

P.S. – Also do not forget my books, “How to Run a Nonprofit” and “Tim’s Senior Moments”, both available in Printed and eBook form.

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is an author, freelance writer and the Managing Director of M&JB Investment Company (M&JB) of Palm Harbor, Florida and has over 40 years of experience in the management consulting field. He can be reached at timb1557@gmail.com

For Tim’s columns, see:   timbryce.com

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Copyright © 2020 by Tim Bryce. All rights reserved.

Listen to Tim on WZIG-FM (104.1) in Palm Harbor,FL; Or tune-in to Tim’s channel on YouTube. Click for TIM’S LIBRARY OF AUDIO CLIPS.

 

One Response to “THE ECONOMY: THE BIG WHITE ELEPHANT IN THE ROOM”

  1. […] NOTE: This Bryce is Right column is republished with permission. © All rights reserved. All trademarks both marked and […]

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