Stephen Moore from Creators Syndicate https://www.creators.com/read/stephen-moore Creators Syndicate is an international syndication company that represents cartoonists and columnists of the highest caliber. en Wed, 26 Apr 2017 10:11:50 -0700 https://www.creators.com/ http://blogs.law.harvard.edu/tech/rss Stephen Moore from Creators Syndicate https://cdn.creators.com/features/stephen-moore-thumb.jpg https://www.creators.com/read/stephen-moore 00772cd52e24f0f3fa2dff2a5c5fbb60 Weak Dollar Won't Make America Great Again for 04/25/2017 https://www.creators.com/read/stephen-moore/04/17/weak-dollar-wont-make-america-great-again Tue, 25 Apr 2017 00:00:00 -0700 <p></p><p>President Donald Trump's assertion this week that the "dollar is getting too strong" led to a sharp decline in the value of the greenback. The market's reaction to Trump was a reminder that presidents often get the dollar they want. This has us worried that Trump and his Treasury Department will pursue a weaker currency in the mistaken belief that this will boost the economy and his presidency.</p> <p>The irony here is that the anticipation of many of his other policies, such as his proposed tax cuts, deregulation plans and Obamacare reform, have already strengthened the dollar since the election, because those policies would make the U.S. a more attractive destination for investment. Trump was partly right when he noted the irony that his policies are somewhat responsible for the higher dollar that he doesn't want. <p>Updated: Tue Apr 25, 2017</p> 6b22f4bd529b1968943d9a368feea914 Coal's Colossal Comeback for 04/18/2017 https://www.creators.com/read/stephen-moore/04/17/coals-colossal-comeback Tue, 18 Apr 2017 00:00:00 -0700 <p></p><p>Buried in an otherwise-humdrum jobs report was the jaw-dropping pronouncement by the Department of Labor that mining jobs in America were up by 11,000 in March. Since the low point in October 2016, and following years of painful layoffs in the mining industry, the mining sector has <i> added </i> 35,000 jobs.</p> <p>What a turnaround. Liberals have been saying that Donald Trump was lying to the American people when he said that he could bring coal jobs back. Well, so far, he has delivered on his promise.<p>Updated: Tue Apr 18, 2017</p> 8b41fff4e5701e198220f08874f42ead Government Makes the Poor Poorer for 04/11/2017 https://www.creators.com/read/stephen-moore/04/17/government-makes-the-poor-poorer Tue, 11 Apr 2017 00:00:00 -0700 <p></p><p>For all the obsessing in Washington over income inequality, why isn't there more outrage over government policies that exacerbate the problem? There are hundreds of programs that increase poverty in America. Last week, at the Heritage Foundation forum on this very topic, my colleagues exposed many of these programs. </p> <p>Economist Don Boudreaux of George Mason University unmasked two such policies. One is trade protectionism. Trade barriers raise prices and act as a regressive tax on Americans, Boudreaux explains. They also stunt the very process of innovation that makes goods and services widely available to people at affordable prices to begin with. Think about the consumers who shop for those everyday low prices at Wal-Mart: They're not Hillary Clinton. <p>Updated: Tue Apr 11, 2017</p> 4403d301e8f31ed6b681a5703fa064c3 What Congress Can Learn From the Rhode Island Miracle for 04/04/2017 https://www.creators.com/read/stephen-moore/04/17/what-congress-can-learn-from-the-rhode-island-miracle Tue, 04 Apr 2017 00:00:00 -0700 <p></p><p>You'd be hard-pressed to find a more poorly designed program in the federal budget than Medicaid, the health insurance program for low-income Americans. The costs are shared between the states and the feds, which means that the more money a state wastes under Medicaid, the bigger the check Washington writes to the state. No wonder the program costs keep spiraling out of control. </p> <p>Obamacare added nearly 20 million people to the Medicaid rolls, and the left considers that a policy victory. Federal and state budgets are swelling. <p>Updated: Tue Apr 04, 2017</p> 6c3ba2feff3dfbf5455f1b65c1a6d54d The False Compassion of Liberalism for 03/28/2017 https://www.creators.com/read/stephen-moore/03/17/the-false-compassion-of-liberalism Tue, 28 Mar 2017 00:00:00 -0700 <p></p><p>Last week on CNN I debated a liberal commentator who complained that the problem with President Donald Trump's budget blueprint is that it lacks "compassion" for the poor, for children and for the disabled. This woman went on to ask me how I could defend a budget that would cut Meals on Wheels, after-school programs and special-education funding, because without the federal dollars, these vital services would go away. </p> <p>This ideology &#8212; that the government action is a sign of compassion &#8212; is upside-down and contrary to the Christian notion of charity. <p>Updated: Tue Mar 28, 2017</p> 8a65404357c9f75aa50cefabed7da3c7 Trump Budget Drains the Swamp for 03/21/2017 https://www.creators.com/read/stephen-moore/03/17/trump-budget-drains-the-swamp Tue, 21 Mar 2017 00:00:00 -0700 <p></p><p>Everyone in Washington hates Donald Trump's new budget. So it must have something going for it. This is a budget plan that will surgically remove trillions of dollars of wasteful spending from the obese $3.9 trillion federal budget. Many agencies will have to live with cuts of 5, 10 and 30 percent, while other outdated, duplicative or unproductive programs will go to the graveyard. </p> <p>It's a gutsy document that takes on the hoards of special-interest groups that populate Washington, D.C. The Washington metropolitan workforce will shrink, and so the town is in cardiac arrest. The Washington Post quoted an unnamed "official" who said that his fellow workers at the Department of Housing and Urban Development were feeling "demoralized." Boohoo. Then the anonymous bureaucrat added: "This is just a tough, tough time. HUD is no different than any other domestic agency in just feeling as though these cuts are all very arbitrary and unnecessary."<p>Updated: Tue Mar 21, 2017</p> e6fbeeda2efe57f7d9a4151952dcbdc9 Europe's Lesson Teaches Us: Don't Go Green for 03/14/2017 https://www.creators.com/read/stephen-moore/03/17/europes-lesson-teaches-us-dont-go-green Tue, 14 Mar 2017 00:00:00 -0700 <p></p><p>If you listen to the media narrative on climate change and "clean energy," you'd think that the rest of the world has moved smartly and seamlessly toward 21st century green energy while the U.S. is the high-polluting laggard that just won't get with the program to save the planet. </p> <p>Think again. <span class="column--highlighted-text">The green energy revolution around the world has turned into a big green meltdown, with many nations sprinting away from "renewable" energy with the speed of Usain Bolt. </span><p>Updated: Tue Mar 14, 2017</p> 35d35ca24853912ecca952e0fac0cfdf Yes to 4 Percent Growth for 03/07/2017 https://www.creators.com/read/stephen-moore/03/17/yes-to-4-percent-growth Tue, 07 Mar 2017 00:00:00 -0800 <p></p><p>Imagine if in 1961 John F. Kennedy's advisers had told him, "We will never put a man on the moon." Or what if Ronald Reagan's advisers had assured the Gipper, "The Cold War is unwinnable. We should sue for peace." Actually, many naysayers told JFK and Reagan exactly these things. Fortunately, these presidents were visionaries. They asked: "Why not?"</p> <p>Donald Trump seems to confront these nattering nabobs of negativism in the media and academia every time he announces a policy goal. "You can't build a wall." "You can't root out the waste in government." "You can't get Europe to pay more for its own defense." "You can never balance the budget." And on and on. <p>Updated: Tue Mar 07, 2017</p> 01e70c45db1dd25b5279762a94a93647 States Are Going Broke Because They Broke the Bank for 02/28/2017 https://www.creators.com/read/stephen-moore/02/17/states-are-going-broke-because-they-broke-the-bank Tue, 28 Feb 2017 00:00:00 -0800 <p></p><p>Governors and state legislators say they are running out of money again, and many are demanding tax hikes to close budget gaps.</p> <p>More than half the states are facing big deficits this year, and they are mostly blue states, including California, Connecticut, Delaware, Illinois and New York and Oregon. Wait. These are states with high taxes and some of the deepest pools of red ink. There's got to be a message here.<p>Updated: Tue Feb 28, 2017</p> 14999152d44f5efdca30268d446c65c0 Congress Must Stop Death-by-Decree for 02/21/2017 https://www.creators.com/read/stephen-moore/02/17/congress-must-stop-death-by-decree Tue, 21 Feb 2017 00:00:00 -0800 <p></p><p>Last summer, at the first meeting of the Trump Leadership Council &#8212; an advisory group consisting of top CEOs from major companies &#8212; Donald Trump asked business leaders what their biggest problems were. </p> <p>I expected the answer to be America's anti-growth tax system. <span class="column--highlighted-text">Almost all the CEOs did list the federal tax code as an albatross, but not the heaviest one. </span>Instead, I was surprised to learn, most found the biggest restraint on growth to be federal red tape and regulation. Across all industries &#8212; manufacturers, energy firms, financial services, agriculture interests &#8212; federal rules were seen as mindless, inefficient, costly and incomprehensible. <p>Updated: Tue Feb 21, 2017</p> 12bb0ef8fa96834949af637bae87db19 The Carbon-Tax Scam for 02/14/2017 https://www.creators.com/read/stephen-moore/02/17/the-carbon-tax-scam Tue, 14 Feb 2017 00:00:00 -0800 <p></p><p>I have nothing but respect for former Secretaries of State Jim Baker and George Shultz, but come on, gentlemen: You've been snookered. </p> <p>These two esteemed gentlemen are endorsing a tax scam that would be one of the largest income-redistribution schemes in modern times. It would do considerable and lasting damage to the U.S. The justification for the tax is that it will save the planet by reducing greenhouse-gas emissions, but it won't even do that. <p>Updated: Tue Feb 14, 2017</p> f25ab35066782a713ead95573a7cc08b How Trump Can Create a Bull Market for 02/07/2017 https://www.creators.com/read/stephen-moore/02/17/how-trump-can-create-a-bull-market Tue, 07 Feb 2017 00:00:00 -0800 <p></p><p>The stock market has risen about 9 percent since the election of Donald Trump, with an increase in wealth of nearly $2 trillion. Is this the start of a big bull-market rally?</p> <p>Investors are, rightly, euphoric over Trump's pro-business/pro-investor policies. But Wall Street is coming to grips with the political reality that gridlock is the default mode in Washington. Democrats have announced that they are preparing an all-out defense against Trumpism, as if they were trying to repel the Normandy invasion. So the market has been jittery in recent weeks, rising on Trump successes (such as the regulation rollback) and falling into despair when his economic agenda seems bogged down or he pursues bearish policies (such as tariffs on Mexico).<p>Updated: Tue Feb 07, 2017</p> 3767b1a38e65cf03dacc06ce3dd04a10 End the Foreign-Aid Racket for 01/31/2017 https://www.creators.com/read/stephen-moore/01/17/end-the-foreign-aid-racket Tue, 31 Jan 2017 00:00:00 -0800 <p></p><p>Donald Trump's wise and humanitarian move to reinstate the Reagan-era "Mexico City policy," which prohibits U.S. foreign-aid dollars from going to non-government organizations that perform or provide referrals for abortions, has incited a torrent of liberal outrage. </p> <p>Democratic Sen. Jeanne Shaheen of New Hampshire seethed that the edict "(favors) ideological politics over women and families." Yet she favors a policy that requires Americans to fund activities they find morally offensive. So much for "pro-choice." <p>Updated: Tue Jan 31, 2017</p> 1c2557da5c49d45e131c1639b49dd1da Trump's $10 Trillion Stimulus Plan for 01/24/2017 https://www.creators.com/read/stephen-moore/01/17/trumps-10-trillion-stimulus-plan Tue, 24 Jan 2017 00:00:00 -0800 <p></p><p>All of Washington seems to be in cardiac arrest over news reports late last week that Donald Trump is planning a budget featuring $10 trillion in cuts over the next decade. </p> <p>We can only hope and pray that the reports are accurate. <p>Updated: Tue Jan 24, 2017</p> 3dea0b0618bd990f4d6e9b58b8cdc30e We Need Tax Reform, Not Tariffs for 01/10/2017 https://www.creators.com/read/stephen-moore/01/17/we-need-tax-reform-not-tariffs Tue, 10 Jan 2017 00:00:00 -0800 <p></p><p>If America's competitors intentionally tried designing a tax system to destroy the American economy, they probably couldn't come up with a better plan than the way the United States currently taxes its own businesses. </p> <p>To fully appreciate the stupidity of the American corporate tax, consider this simple example: If you are an American company making cars in Michigan, you have to pay a 35 percent profits tax on the car made here. Then if the car is sold across the border to Mexico, the Mexican government slaps on a 16 percent value-added tax. So the car is taxed on both sides of the border. Almost all countries tax goods produced in the United States this way.<p>Updated: Tue Jan 10, 2017</p> 593d49a1613632f1a11d507c04589519 2016's Biggest Loser: Big Green for 01/03/2017 https://www.creators.com/read/stephen-moore/01/17/2016s-biggest-loser-big-green Tue, 03 Jan 2017 00:00:00 -0800 <p></p><p>The day after the presidential elections, Michael Brune, executive director of the Sierra Club, glumly called the Donald Trump victory "devastating for our climate and our future." Well, yes, if you're a climate-change alarmist who hates fossil fuels, you're in for a bad four and maybe eight years. </p> <p>Greenpeace Executive Director Annie Leonard was even more apocalyptic, saying: "I never thought I'd have to write this. The election of Donald Trump as president has been devastating. ... There's no question, Donald Trump's climate denial is staggering. He wants to shut down the EPA, 'cancel' the Paris Climate Agreement, stop funding clean energy research, and 'drill, baby, drill.'" Ah, but if this is so crazy, why did he win? <p>Updated: Tue Jan 03, 2017</p> c70f4b1ee30b56bd350b8f0af37c895b The Right Way to Do Infrastructure Spending for 12/20/2016 https://www.creators.com/read/stephen-moore/12/16/the-right-way-to-do-infrastructure-spending Tue, 20 Dec 2016 00:00:00 -0800 <p></p><p>Back in early 2015, oil and gas company ConocoPhillips requested a permit from the Obama administration to launch an oil-drilling project in Alaska. The energy project, called the Greater Mooses Tooth development, is located within the National Petroleum Reserve and would create thousands of jobs in an economically depressed area of the state. The project has the full approval of the local community and poses little threat to the environment in a sparsely populated region. </p> <p>It is a multibillion-dollar jobs-and-infrastructure project with roads and housing and pipelines. It won't cost the federal taxpayers a penny to build. In fact, the royalties from the project will likely raise hundreds of millions of tax dollars for the federal government and the state. <p>Updated: Tue Dec 20, 2016</p> 6960f791fcf0e91bc333b8b481043d29 This Christmas, We Need the Gift of Humility for 12/13/2016 https://www.creators.com/read/stephen-moore/12/16/this-christmas-we-need-the-gift-of-humility Tue, 13 Dec 2016 00:00:00 -0800 <p></p><p>"Expert, texpert choking smokers. Don't you think the joker laughs at you?" &#8212; John Lennon, "I Am the Walrus"</p> <p>On election night, at around 6 p.m., a Hillary Clinton political operative went on TV and smugly opined that she believed they had a 95 percent chance of winning. Wow, 95 percent. In statistics we call that a very high level of certainty. But of course, five hours later the woman was in tears, and the 1-in-20 long shot named Donald Trump came in. <p>Updated: Tue Dec 13, 2016</p> 4e47ea24af8bc8c80fe71ab00580ae45 The Progressive-State Depression for 12/06/2016 https://www.creators.com/read/stephen-moore/12/16/the-progressive-state-depression Tue, 06 Dec 2016 00:00:00 -0800 <p></p><p>The blue states of America are in a depression. I don't mean the collective funk of liberal voters because they lost the election to Donald Trump.</p> <p>I'm talking about an economic malaise in the blue states that went for Hillary Clinton. Here is an amazing statistic courtesy of the just-released 2016 edition of "Rich States, Poor States," which I co-authored with Reagan economist Arthur Laffer and economist Jonathan Williams: Of the 10 blue states that Democrats won by the largest percentage margins &#8212; California, Massachusetts, Vermont, Hawaii, Maryland, New York, Illinois, Rhode Island, New Jersey and Connecticut &#8212; every single one of them lost domestic migration (excluding immigration) between 2004 and 2014. Nearly 2.75 million more Americans left California and New York than entered these states. <p>Updated: Tue Dec 06, 2016</p> 2e8597b3d2a7cfecc3cdcf20e2601f91 Welcome to the Party of Trump for 11/29/2016 https://www.creators.com/read/stephen-moore/11/16/welcome-to-the-party-of-trump Tue, 29 Nov 2016 00:00:00 -0800 <p></p><p>I stirred up some controversy last week when I told a conference of several dozen House Republicans that the GOP is now officially a Trump-working-class party. For better or worse, I said at the gathering inside the Capitol dome, the baton has now officially been passed from the Reagan era to the Trump era. The members didn't quite faint over my apostasy, but the shock was palpable. </p> <p>I emphasized that Republicans must prioritize delivering jobs and economic development to the industrial and Midwestern regions of the country &#8212; states such as Michigan, Pennsylvania, Ohio, Indiana, Wisconsin, Iowa and Missouri. These are places that, for the most part, never felt the meager Obama administration recovery, and so these blue-collar Reagan Democrats took a leap of faith and came back to the Republican Party for the first time since 1984. The GOP will be judged in 2018 and 2020 as to whether they deliver results for this part of the country and for the forgotten middle-class men and women (aka "the deplorables") who Democrats abandoned economically and culturally. This is all simply a political truism. <p>Updated: Tue Nov 29, 2016</p>