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Showing posts with label economic freedom. Show all posts
Showing posts with label economic freedom. Show all posts

Tuesday, September 15, 2015

The Attack On Trump Starts. Major Money Is Going After Him

Club for Growth Rips 'Worst Republican' Trump in $1 Million Ad Blitz

Image: Club for Growth Rips 'Worst Republican' Trump in $1 Million Ad Blitz(Club for Growth)
By Bill Hoffmann   |   Tuesday, 15 Sep 2015 02:18 PM


The war of words between Donald Trump and Club for Growth escalated to a new high Tuesday as the conservative political action group launched two nasty TV ads slamming the billionaire developer.

“Club for Growth Action is committed to exposing Donald Trump for the liberal he is on economic policy,” the group said as it announced the release of two 30-second ads which it is paying over $1 million to air.

Story continues below video.

“Donald Trump is the worst Republican candidate on economic issues,” Club for Growth president David McIntosh said.

“It’s astonishing that he’s even running as a Republican. Trump is the most liberal candidate on fiscal policy in the whole field, with the possible exception of Bernie Sanders.

“His angry style may reflect the deep frustration Americans have with Washington leaders who have failed to keep their promises. But the policies he’d implement would benefit himself and his own interests, not the American people. That makes him the worst kind of politician.”

The ads come a week after Trump slammed the group, which advocates limited government and tax cuts, as a “phony” organization for threatening to run negative ads against him after it asked him for a $1 million donation.

Trump called on Club for Growth to release the letter its president, David McIntosh sent on June 2 requesting the donation. When Club for Growth didn't bite, Trump tweeted out a copy of the letter himself.

In a Sept. 6th message on Twitter, Trump wrote: The phony Club For Growth, which asked me in writing for $1,000,000 (I said no), is now wanting to do negative ads on me. Total hypocrites!” He repeated his claim in a Twitter response on Tuesday.
But McIntosh said Tuesday:

“Club for Growth Action is committed to exposing Trump for the liberal he is on taxes, trade, health care, and eminent domain.

“These ads let Trump speak for himself, about his Democrat core and his full support for giving government the power to take private property and give it to corporations.”

Story continues below video.

In one ad, images of Trump, and Democratic candidates Hillary Clinton and Sen. Bernie Sanders are flashed as viewers are asked, “Which presidential candidate supports higher taxes, national health care, and the Wall Street bailout? It’s Donald Trump.”

Trump is then heard saying, “In many cases, I probably identify more as a Democrat.”

In the second ad, images of property being condemned are shown as a narrator says: “The Supreme Court’s Kelo decision gave government massive new power to take private property and give it to corporations. Conservatives have fought this disaster. What’s Donald Trump say about the decision?”

Trump is heard saying: “I happen to agree with it one hundred percent.”
The Club for Growth narrator continues: Trump supports eminent domain abuse because he can make millions while we lose our property rights. Trump: the worst kind of politician.”

The Club for Growth PAC says it “endorses and raises money for House and Senate candidates who stay true to the fundamental principles of limited government and economic freedom.”

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© 2015 Newsmax. All rights reserved.


Tuesday, June 16, 2015

Are Things As Rosy As Obama Administration Would Like Us To Believe?

SMU's Cox: US Has Strayed From Economy That Created Consumer Cornucopia

By Dan Weil   |   Tuesday, 16 Jun 2015 06:00 AM
As you may have experienced directly, things aren't looking too hot for Americans' standards of living. And curtailment of economic freedom is a large part of the problem, says Michael Cox, director of the Global Markets and Freedom Center at Southern Methodist University.

"[Americans'] long-established optimism has faded in recent years, and we have only ourselves to blame," he and Richard Alm, the center's writer-in-residence, write in Investor's Business Daily.


"The country has strayed from the economic model that created a consumer cornucopia. We're living above our means, one of a mere handful of countries with diminishing prospects for living standards."

And what's behind the problem?

"More people will strive for [wealth] when property rights are secure, taxes are low and governments hold their regulatory meddling to a minimum," Cox and Alm say. "In short, capital will grow more rapidly when nations commit to markets and economic freedom."

And how do we fare on that score? U.S. economic freedom dropped out of the top 15 in the center's world rankings for 2011.

Elsewhere on the economic front, if we are to believe the conventional wisdom floating through the media, the U.S. manufacturing sector is mounting a major comeback.

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Not so fast, says financial writer Bob Woods.

"It's not quite 'Happy Days Are Here Again,' as some have been singing for the past few years. Once you look closely at the data, it's more like 'Those Were the Days,'" he writes on CNBC.com.

And why is that?

The manufacturing sector has shrunk 3.2 percent since June 2009, when the worst recession since the Great Depression ended, according to the non-partisan Information Technology and Innovation Foundation. About 15,000 factories have disappeared since 2007, the year the recession began, taking 2 million jobs with them.

"A look at the numbers suggests that the rallying cry about a manufacturing renaissance has been wishful thinking among many industry trade groups and economists," Woods states.


"Even favorable shifts in a host of factors, including labor costs, the shale gas boom, transportation costs and the weak U.S. dollar, hasn't revitalized the sector to its past glory days."

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