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  • user warning: Table './conserva_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<p>TRUMP AT DAVOS: January 30, 2018</p>\n<p><img alt=\"\" src=\"http://conservativechronicle.com/sites/default/files/Kudlow.gif\" /></p>\n<p>&ldquo;America is open for business, and we are competitive once again.&rdquo; That was just one of the key lines in President Trump&rsquo;s highly successful speech in Davos, Switzerland, last week.<br />\n Of course, in going to Davos, Trump entered the lion&rsquo;s den. A year ago such a visit would have been a poor idea. Back then, elitist heads of state, European Union bureaucrats and international CEOs were uniformly against Donald Trump.<br />\n But Trump&rsquo;s 2018 Davos strategy was a brilliant stroke.</p>\n<p> HE COULD make the fact-based argument that, in his words, &ldquo;The world is witnessing the resurgence of a strong and prosperous America.&rdquo;<br />\n And the core of his message was this: &ldquo;There has never been a better time to hire, to build, to invest, and to grow in the United States.&rdquo;<br />\n He&rsquo;s right.<br />\n In just one year, Trump&rsquo;s polices have begun to restructure the American economy. We&rsquo;ve moved from secular stagnation (i.e. high taxes, massive regulation, huge government spending, and a disdain for business and investors) to a new private-sector incentive system that rewards success.<br />\n By slashing individual and corporate tax rates, providing 100 percent immediate expensing for plants and technology, and making it easy for big companies that fled our high-tax system to bring the money back home, he has ended the war against business and investment.<br />\n And it has happened faster than anyone imagined possible.<br />\n More than 250 American companies have announced gigantic investment projects, paid sizable bonuses to their workforce, increased 401(k) contributions, and raised corporate minimum wages and other benefits.<br />\n And now, a roaring stock market, which has generated $7 trillion in new wealth, provides the only realistic chance of bailing out excessive government-union pensions and benefits &mdash; even though these very unions totally opposed Trump&rsquo;s corporate tax reform.<br />\n Ankle-biting Democrats say that rising business profits will go to shareholder buybacks. As if that were a bad thing. Meanwhile, new money is circulating throughout the economy to start new companies and re-oxygenate the system.<br />\n Didn&rsquo;t Apple just announce $350 billion in new investment projects?</p>\n<p> DEMOCRATS SAY the incredible business response to tax reform is nothing more than one-time crumbs for workers. But didn&rsquo;t Walmart &mdash; which has bitterly fought attempts to raise the federal minimum wage &mdash; just raise its starting minimum wage for virtually all its wage earners, announce a one-time bonus of up to $1,000 for eligible employees, expand maternity and parental leave benefits, and commit as much as $5,000 to every employee who adopts a child?<br />\n That&rsquo;s permanent, as are companies&rsquo; increased contributions to retirement funds.<br />\n The post-tax- and regulatory-reform policies of the Trump administration have barely been put in place, yet they&rsquo;re already benefiting working folks around the country. These are people who have barely had a raise in 20 years.<br />\n Trump&rsquo;s critics belittled the idea that corporate tax cuts could actually increase wages. But in faster than a New York minute, several million wage earners have already benefitted.<br />\n Then there are the know-it-all critics who say there&rsquo;s no academic evidence to support the view that business taxes matter for the workforce.<br />\n Yet peer-reviewed papers &mdash; from respected economists Alan Auerbach, Laurence Kotlikoff and the Romer family &mdash; conclude that higher after-tax returns to capital generate investment. I&rsquo;ve been saying this for a long time. With more capital behind each worker, there&rsquo;s greater productivity. And new investment projects raise the demand for workers and their wages.<br />\n And don&rsquo;t forget the president&rsquo;s argument about the importance of regulatory reduction. &ldquo;Regulation is stealth taxation,&rdquo; Trump said in Davos. &ldquo;We are freeing our businesses and workers so they can thrive and flourish as never before.&rdquo; The Trump tax bill ended the Obamacare individual mandate and opened the door to energy drilling in the Arctic National Wildlife Refuge.&nbsp;<br />\n The president offered a fantastic point on the so-called debate over globalism and trade. &ldquo;As president of the United States,&rdquo; he said, &ldquo;I will always put America first, just like the leaders of other countries should put their country first also.<br />\n &ldquo;But America first does not mean America alone.&rdquo;<br />\n In an illuminating interview with my friend and CNBC colleague Joe Kernan, Trump said he&rsquo;s willing to deal on trade &mdash; including NAFTA, and perhaps the Trans-Pacific Partnership. But he correctly insisted on reciprocity. Barriers should be torn down by both sides. Arbitrations must protect America, not penalize it.<br />\n &ldquo;I&rsquo;m a free trader,&rdquo; he said. &ldquo;I&rsquo;m a fair trader. ... but I want reciprocal.&rdquo;<br />\n He also told Kernan that the U.S. dollar will strengthen based on America&rsquo;s resurgence, and that it will remain the world&rsquo;s reserve currency.<br />\n So, America First came to Davos, and to all the multilateral globalists and multinationalist elites. And these CEOs, bureaucrats and academics listened carefully to Trump&rsquo;s words.</p>\n<p> SUCCESS HAS a thousand fathers, but defeat is an orphan.</p>\n', created = 1575647604, expire = 1575734004, headers = '', serialized = 0 WHERE cid = '2:fb3def094b448e40ec2e0fa5cda6e18e' in /home/conserva/public_html/includes/cache.inc on line 112.
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‘America First’ triumphs in Davos

TRUMP AT DAVOS: January 30, 2018

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