Tag Archives: economics

On the Republican Tax Deform

by D.J. McGuire

Taxes: the one issue where – as an economic conservative – I would be more sympathetic to my old party (the Republicans) than my new one (the Democrats). As I awaited the Republican tax reform plan, I even recommended Democrats find a way to work with the GOP to improve it.

Well, the plan was at last revealed today, and about the only link this fiasco has to actual tax reform was Congressman Brady quoted Ronald Reagan from 1986 (CNN).

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​ Ed Gillespie’s Fake Tax Cut

by D.J. McGuire (who lives and votes in Virginia)

As Virginia’s campaign for governor careens to its conclusion on November 7, I do believe I have managed to solve at least one mystery of Election 2017. Namely, what in the hell happened to Republican nominee Ed Gillespie‘s tax cut proposal?

The answer is: it was a mirage.

Continue reading ​ Ed Gillespie’s Fake Tax Cut

A Day in the Life of Joe Republican, Fifteen Years On

by Cliff Dunn

Joe gets up at 5 a.m. now instead of 6 a.m. so he can make his first job. He takes a sip of bottled water rather than drinking from the tap: Maybe it’s because the planners in his state bungled their guesses at how much water they’d have over the long term (using flawed climate projections), because the local government botched their water sourcing, or because the local politicians spent years not being honest about how much their system truly cost.

Trump’s Trade War, Part II

by D.J. McGuire

The Trump Administration’s efforts to “renegotiate” the North American Free Trade Agreement (NAFTA) have now created so many hackles that the Chamber of Commerce stepped in.

That Trump is willing to risk a trade war to feed his lust for protectionism is not news (he’s already set off Canada and the United Kingdom), but when the Chamber of Commerce sounds the alarm about a Republican president, we’re in big trouble.

Was the New Deal Racist? Yes.

by D.J. McGuire

The more one looks at the actual policies enacted during the Roosevelt administration, the more one comes to the painful conclusion that FDR, whatever his intentions, allowed the government under his command to build a welfare state not for all, but for whites only. Perhaps I’m coming to this realization later than most who are younger (I’ll turn 45 next week), but I am painfully certain I’ve reached it faster than those who are my age or older.

Lindsey Graham’s Economic Illiteracy and Why It Dooms His Health Care Policy

by D.J. McGuire

As of this morning (the 25th), the Senior Senator from South Carolina is still pushing  for the woeful health care bill that bears his name. In his latest attempt to win over conservative critics, he exposes himself as being largely illiterate on the microeconomic reality behind health insurance and health care, providing yet another reason for Senators to vote down his bill.

Will the Democrats Continue to Go the Wrong Way on Economics?

by D.J. McGuire

The events of this week in Washington do not bode well for the Democratic Party. The combination of Democratic senators openly endorsing government monopoly health insurance and the Republican president making a move toward immigration reform, however small, puts the GOP in a better position to hold the Free Marketeers in 2018 and 2020.

The Week’s Advice for the Democrats: Hold Firm on Culture, Look for Openings From the Right on Economics

by D.J. McGuire

There has been a good deal of soul-searching within the Democratic Party about how to avoid repeating the 2014 and 2016 defeats. From what I can tell, most of those who (wisely) advise against careening leftward have recommended (not so wisely) downplaying “cultural” issues in an attempt to win back “working-class whites.” While I call myself a conservative Democrat, I have been advising largely the opposite – a move rightward on economic matters, not cultural ones. Events of the past week outside of the Senate health care votes have shown that to be the better approach.

Continue reading The Week’s Advice for the Democrats: Hold Firm on Culture, Look for Openings From the Right on Economics

“Single Payer” Myths from Left and Right

by D.J. McGuire

Amidst the wailing, gnashing of teeth, celebrations, and everything in between because the United States Senate has – literally – voted to let itself keep voting on health insurance today, I thought it might be a good idea to address some of the problematic myths surrounding the “single-payer” idea.

To hear American social democrats tell it, “single payer” will at last slay the evil profit motive from health care and ensure better health for all. Republicans, by contrast, view it as a gateway drug to a Venezuelan dystopia.

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My Further Thoughts on Freer Markets and the Democratic Party

by D.J. McGuire

A couple of days after my post on where the modern center is for Democrats, many within the party seemed to confuse my preference for freer markets with support for “the Wall Street elite.” My previous post discussed neither Wall Street nor the economic “elite,” which clearly led a lot of folks on Facebook to assume I was an unadulterated fan of either. This post, I hope, will debunk those concerns.

Continue reading My Further Thoughts on Freer Markets and the Democratic Party