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Posts Tagged ‘Trump’
January 25th, 2019 at 11:50 am
Shutdown Perspective
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Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.

July 18th, 2018 at 2:18 pm
Image of the Day: Trump Destroying the Planet, Cont’d
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From withdrawing from the Paris Climate Accord to his administration’s Environmental Protection Agency (EPA), Trump is obviously destroying the planet:

Trump Is Destroying the Planet

Trump Is Destroying the Planet

June 14th, 2018 at 3:33 pm
President Trump’s Prescription Drug Reforms Already Showing Progress
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It’s been just one month since President Trump unveiled his American Patients First plan to reduce drug prices and, despite the naysayers, we’re already seeing results.

This week, U.S. Department of Health and Human Services Secretary Alex Azar appeared before the Senate Health, Education, Labor and Pensions (HELP) Committee to provide detail on the progress that has already occurred.  His testimony extended over two hours, and Sec. Azar answered tough questions from both Democrats and Republicans, reiterating some key parts of the President’s plan.  Among other important testimony, he highlighted the transparency failures of Pharmacy Benefit Managers (PBMs) and stressed the need to increase competition throughout the market to bring prices down.

That stands to reason, since President Trump’s plan pays special attention to PBMs – “middlemen” that operate in the opaque prescription drug pipeline – who negotiate with insurers, drug manufacturers and pharmacists to bring drugs to market.  As Senator Susan Collins (R-ME) pointed out in the hearing, the way in which PBMs earn profits creates an “incentive for higher list prices,” further driving up the price of prescriptions throughout the industry.

Accordingly, President Trump’s plan deliberately opens up this opaque system, providing greater information to all parties to stop what Sec. Azar characterized as the “perverse” incentives in the system.  By removing the ability for PBMs to profit from price increases, the President’s plan allows the natural downward pressures of the market to take hold, eliminating another driver of cost that consumers feel at the pharmacy counter.  Secretary Azar described the blueprint as a “comprehensive tackling and restructuring of the drug channel, nothing short of that,” further evidence of the President’s bold commitment to this issue.

Senator Collins continued to highlight PBM abuses, explaining how PBMs often employ “gag clauses” that prevent pharmacists from helping consumers to find the best price for their medication.  Those clauses are widely used to help PBMs maximize their profits, but the Trump Administration has already taken action to ensure that contracts with CMS cannot employ gag clauses.

Secretary Azar also explained how the President’s plan will bring greater competition to Medicare Part B, modeled on the success of the Part D program.  Currently, the federal government purchases drugs for Part B at the list price, costing the program billions in extra costs.  In contrast, Medicare Part D allows private companies to negotiate and manage plans to keep costs low.

Secretary Azar further explained to Sen. Michael Bennet (D-CO) that President Trump’s plan proposes greater negotiation between private-sector actors to help lower costs down across the program.  Nevertheless, Sec. Azar cautioned that, due to the size and complexity of the program, the President’s plan purposefully remains open on that issue, so that the Administration can work with Congress and other stakeholders to ensure that these competitive reforms are implemented without harming existing enrollees.

Those actions, along with an overall increase in transparency in the marketplace for all parties to bring more information and competition, are already at work.  President Trump’s plan works because it finally addresses the real drivers of cost, and removes the barriers that are stopping free market forces from bringing costs down.  On that basis, Sec. Azar’s testimony shows us that we are finally on the right path to bring prices down.

June 4th, 2018 at 12:42 pm
Image of the Day: Trump Is Destroying America, Cont’d
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Donald Trump’s presidency continues to destroy America, as the political left warned:

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Consumer Confidence Soars

Consumer Confidence Soars

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May 11th, 2018 at 1:03 pm
Sen. Pat Toomey in WSJ: Strengthen IP Rules During NAFTA Renegotiation
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In this week’s Liberty Update, we emphasize how intellectual property (IP) protection should be priority number one for the Trump Administration as it renegotiates the North American Free Trade Agreement (NAFTA) this month.

In that vein, we’re pleased to see Senator Pat Toomey (R – Pennsylvania) echo that point in his commentary in today’s Wall Street Journal:

[T]he administration can accept the advice from many members of Congress and others to modernize Nafta in ways that expand trade opportunities without curtailing American consumers’ freedom…  Nafta’s pre-internet intellectual property rules could be strengthened.”

Well said, and hopefully the message resonates within the Trump Administration to continue its remarkable recent string of economic and international successes.

May 8th, 2018 at 9:27 am
Image of the Day: Jerusalem Street Signs Now Announce U.S. Embassy
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Something that should’ve happened long ago, but that all Americans should be grateful to have been accomplished in swift order by President Trump – new street signs pointing to U.S. embassy in Jerusalem:

At Long Last - U.S. Embassy to Jerusalem

At Long Last - U.S. Embassy to Jerusalem

May 4th, 2018 at 1:25 pm
Holman Jenkins on the Return to FCC Sanity Under Chairman Ajit Pai
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From the always-insightful Holman Jenkins of The Wall Street Journal in his latest “Business World” commentary:

Mr. Pai, chairman of the Federal Communications Commission, cares about good policy.  That hasn’t been the rule for years.  During the Obama era, tech and telecom policy were driven by White House interest in whipping up millennials and exploiting public hostility to cable providers.”

April 9th, 2018 at 9:21 am
Image of the Day: More Trump Bump, Which They Said Couldn’t Be Done
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During the Obama years, when we endured the worst cyclical economic “recovery” in recorded U.S. history, we were told that the 3% economic growth to which we’d become accustomed since measurement began was a thing of the past, and that “secular stagnation” was the order of the future.  Well, in just the first year of the Trump presidency, a funny thing happened:

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Three Percent Miraculously Returns

Three Percent Miraculously Returns

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January 12th, 2018 at 8:16 am
Image of the Day: Obama Apologists Seek Credit for Roaring Trump Economy
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Since World War II, the U.S. economy has averaged 3.3% growth per year.  Under Barack Obama, we never even hit 3%, instead averaging below 2%.  His apologists rationalized that “secular stagnation” had made 3% an unattainable goal, but both quarters under President Trump have already averaged over 3%.  So like clockwork, leftists attempt to credit Obama for something they claimed was no longer possible:

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January 9th, 2018 at 11:05 am
NY Times Continues Its Surrender March to Trump Economic Bump
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In last week’s Liberty Update, we highlighted how when even The New York Times acknowledges how Trump Administration policies have turbocharged the sluggish economy he inherited, the debate  over whether the economy benefits from more federal regulation or less federal regulation is won.  This is the same Times that features far-left economist Paul Krugman, who predicted upon Trump’s election that markets would crash and “never” recover.

Well, we’re happy to highlight how the slow surrender march at the Times continues under the headline “Companies Are Handing Out Bonuses Thanks to the Tax Law.  Is It a Publicity Stunt?” Their snarky addendum is understandable coming from them, but their introduction acknowledges reality:

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The big corporate tax break that became law last month is great news for companies and their investors.  But what about employees?  How much of the corporate windfall will go to workers via higher wages?

Since President Trump signed the $1.5 trillion tax cut into law on Dec. 22, nearly 20 large companies have announced some form of bonus or wage hike for their employees.”

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It proceeds to list some of those companies, including AT&T, Comcast, Southwest Airlines, American Airlines and others.

In last week’s Liberty Update feature we noted how their January 1 story admitted that  the good economic news it detailed occurred before the tax reform legislation had even passed.  Now that it has, we’re glad to see that the Times at least continues its sudden trend of acknowledging reality.

October 13th, 2017 at 11:43 am
Stat of the Day: Trump & McConnell Quickly Reshaping Judiciary
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Whatever one’s opinion of Donald Trump, his tweets or his legislative accomplishments to date, he has unmistakably achieved great progress on the issue perhaps foremost among his supporters’ minds.  Along with Senate Majority Leader Mitch McConnell (R – Kentucky), whose efforts began while Barack Obama was still president after Justice Antonin Scalia’s passing, Trump is already reshaping the nation’s judicial branch, as The Wall Street Journal’s Kimberly Strassel details:

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Mr. Trump has now nominated nearly 60 judges, filling more vacancies than Barack Obama did in his entire first year.  There are another 160 court openings, allowing Mr. Trump to flip or further consolidate conservative majorities on the circuit courts that have the final say on 99% of federal legal disputes.  This project is the work of Mr. Trump, White House Counsel Don McGahn and Senate Majority Leader Mitch McConnell.  Every new president cares about the judiciary, but no administration in memory has approached appointments with more purpose than this team.”

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April 11th, 2017 at 8:06 pm
BOOM: U.S. Job Creation Index Notches Third Consecutive Record
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So while Donald Trump enforced Barack Obama’s chemical weapon “red line” abroad, Gallup brings news today that things continue to hum with the Trump employment bump here at home:

The Gallup Job Creation Index rose to +37 in March from +35 in February.  This is the third month in a row the index has hit a new record high after remaining relatively flat for much of 2016.  Since the start of the year, the index has already increased by four points — the same increase seen throughout all of 2016.”

Obama blamestormed Bush for eight years while the U.S. economy and employment conditions stagnated, but as Syrian dictator Bashad al-Assad learned this week, there’s a new sheriff in town and he appears to be achieving quick results.

Trump Job Creation Boom

Trump Job Creation Boom

November 14th, 2016 at 11:38 am
NY Times’s Paul Krugman Discredited In Record Time
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There may be no commentator more exposed and discredited in recent years than The New York Times’s Paul Krugman.

Where to even begin?  My personal favorite might be his call for a massive spending “stimulus” when Obama entered office, which he estimated should be approximately $600 billion, to return economic health to the nation.  “When I put this all together,” he said, “I conclude that the stimulus package should be at least 4% of GDP, or $600 billion.”  Obama ended up getting something much larger, closer to $1 trillion.  Yet when the U.S. proceeded to suffer the worst decade of economic performance in U.S. history and multiple failed “recovery summers,” Krugman just shamelessly published a later piece entitled “How Did We Know the Stimulus Was Too Small?”

Fast forward to election night, when he moped and went on record predicting that markets would never recover from Donald Trump’s victory.  You can’t make this stuff up:

It really does now look like President Donald Trump, and markets are plunging.  When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty.  The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.  Still, I guess people want an answer:  If the question is when markets will recover, a first-pass answer is never.”

So what happened immediately after Krugman’s solemn prediction?  Well, markets reached another record high on Friday.

Perhaps Krugman simply recognizes the wreckage of Obama’s legacy, and masochistically seeks to outdo him?

December 7th, 2011 at 1:58 pm
Re: Santorum v. Newt

Ashton makes great points about how the Trump debate could offer Rick Santorum one last chance to make a splash. He REALLY needs to carefully prepare some explosive sound bites. He actually has done very well in the debates at making overall, sustained points, in understandable fashion. But he hasn’t done so in ways that are memorable or galvanizing. I think sound-bite politics is a hugely unfortunate aspect of today’s campaigns. But it is an essential skill to master.  It’s actually not easy, because it needs to sound substantive enough to NOT sound gimmicky, but it needs to be a bit gimmicky in order to be memorable enough to do real good. It’s even harder when you need to do it against somebody who buries you in words the way Gingrich does.

In short, opportunity knocks, but it’s a heavy door to open…. or something like that.