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Veronique de Rugy

On the art of ‘stimulus’ spending with Trump and Pelosi
10/20/2020 - 11:37pm
Veronique de Rugy
STIMULUS: October 15, 2020 President Donald Trump is one of the worst negotiators I have ever seen. One day, he tells Speaker of the House Nancy Pelosi that the stimulus talks are over because she insisted on at least a $2 trillion deal and rejected the White House’s offer of $1.6 trillion. The next day, without Pelosi lifting a finger, the president comes back with an offer of nearly $1.9...
$75 billion in band-aids won’t cure ailing airlines
Veronique de Rugy 10/11/2020 - 10:29pm
BAILOUTS: October 8, 2020 Regal Cinemas announced recently that it will temporarily close all 536 of its U.S. locations as the COVID-19 pandemic rages on and continues to keep customers away. This move will affect approximately 40,000 employees across the country. And yet, nobody in Congress is talking about a bailout for Regal. NOW COMPARE that...
Once again, the export-import bank dogs tax
Veronique de Rugy 10/02/2020 - 4:34pm
EXPORT-IMPORT: October 1, 2020 As the saying goes, “You can’t teach an old dog new tricks.” Nowhere is this truth more evident than in the recent behavior of the allegedly “reformed” Export-Import Bank of the United States. REAUTHORIZED by Congress in December 2019 with the promise that it would suddenly change its...
New CBO reports projects delusional spending
Veronique de Rugy 09/24/2020 - 11:57pm
FEDERAL SPENDING: September 24, 2020 America’s national debt now stands at close to $27 trillion. According to a new report by the Congressional Budget Office, by the end of 2020, federal debt held by the public is projected to equal 98% of GDP — and in the following year, this burden will grow to 104% of GDP. But its growth doesn...
The export-import bank’s China program lacks vision
Veronique de Rugy 09/19/2020 - 12:58am
CHINA: September 17, 2020 Industrial policy that uses tariffs and subsidies to pick economic winners is once again in vogue among intellectuals. The rationale is to prevent China from “dominating” the global market with its subsidies while boosting American jobs and manufacturing. While I believe it’s unwise to mimic China’...
Airlines once again approach congress with cap
Veronique de Rugy 09/10/2020 - 11:33pm
AIRLINES: September 10, 2020 As the saying goes, “When you find yourself in a hole, stop digging.” This advice applies to the hole Congress leapt into by bailing out the airline industry back in March through the Coronavirus Aid, Relief and Economic Security Act. Now these companies want even more taxpayer money. The federal government...
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