American Elephants


Elizabeth Warren Does Not Understand Economics by The Elephant's Child

A few years back, Mary Kissel who was at the Wall Street Journal at the time, remarked that Elizabeth Warren had only “a child-like understanding of economics”. That stuck with me because it was so accurate. Black unemployment is the lowest it has ever been. The economy is doing great. Food Stamp use is way down. New filings for unemployment benefits are at an all time low.

Democrats believe, as a matter of faith, that Republican tax cuts go only to the rich and to corporate chieftains. Democrats have no understanding of proportionality whatsoever. Since the rich pay way more in taxes, the same percentage of a tax cut will mean more money for somebody who makes far more. Worked for Ronald Reagan too, if you remember

That’s why tax cuts for business owners mean they have more leeway to invest, build, hire, grow their businesses and they do so. Ordinary people have more money to buy something they need or want. They have more freedom. It’s a big shot in the arm for the economy. Were Ms. Warren to be elected, the first thing she would do is end the hated tax-cuts, and set the country on a recession which she would not understand at all, and inevitably believe that it was something Trump did to her because she attacked him for calling her Pocahontas. Bet she doesn’t even know that President Trump is donating his salary to the country.




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