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The article first published in americanthinker.com on 06/18/2018. As Trump haters are having yet another field day on account of his ostensible faux pas at the G-7 meeting in Canada and leftist pundits fall over each other screaming that Trump has no strategic vision, as others just as self-assuredly accuse him of planning to “break the West,” which, on the face of it, requires plenty of strategic vision. While this silliness continues to rapidly declining effect, there are now signs that the White House is putting together a robust strategy in Europe that was missing until now. It comes in the shape of A. Wess Mitchell, who was just appointed the point man at the State Department for Europe and Eurasia. The significance of this appointment, which was missed in
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On April 9, 2018 president Trump will have a new national security adviser named John Bolton. While he is fairly well-known in America, he remains largely unknown outside of it, but this will change quickly. The reason for this is his staunch conservatism that has already driven the traditionally left-wing, American foreign-policy establishment apoplectic since Trump’s announcement of his appointment and he has already been called everything from ‘war monger’ to ‘dangerous’ on the pages of the New York Times and elsewhere. His main sin seems to be his preference for straight talk and unapologetic defense of American national interests, as well as his dismissal of Obama’s policies as “weak and feckless.” Apart from that, he is taken to task by the establishment’s bien pensants for calling the
The article first published in americanthinker.com on 01/15/2018. President Trump’s threat to cut US assistance to Pakistan because of its duplicitous policies has elicited relatively few angry denunciations from the normally unhinged Trump haters in the foreign-policy establishment. They have been limited to accusations of endangering American soldiers in Afghanistan because of lack of logistic alternatives to Pakistan. This essentially implies that the current failed and counter-productive policies are preferable to Trump’s calls for change. To understand why this is a recipe for continued failure in which the Pakistani people are the main victims some history is in order. Ever since its violent separation from India in 1947, Pakistan has been an army with a state attached to it. Its quarrel with India, a vastly more powerful state, became a
In 1974, economist Arthur Laffer in making the argument for cutting taxes to top Ford Administration officials (Dick Chaney and Donald Rumsfeld) drew on a restaurant napkin a curve showing that at low rates of taxation the government could receive greater revenues, while at higher rates it received progressively less going to zero at a 100% tax rate. This then became famous as the basis of President Ronald Reagan’s tax cuts when he slashed taxes from a top marginal rate of 70% to 28%. True to the Laffer Curve, government revenues increased from $517 billion in 1980 to $909 billion in 1988, even though the population had grown by only 10%. Laffer also popularized what became known as ‘dynamic’ scoring, which took into account changes in taxpayer and business
The article first published in americanthinker.com on 12/24/2017. With just a few days left in 2017, President Trump has signed the tax legislation that marks his first major legislative victory since becoming president. It is undoubtedly his biggest achievement to date, but by no means the only one. After two consecutive quarters of over 3% GDP growth, the New York Fed is now predicting a fourth quarter rate of 4%. It is worth remembering here that no less an authority than the Congressional Budget Office (CBO) predicted economic growth of 2.2% in 2017, 2% in 2018 and 1.5% thereafter. Democratic pundits have, of course, long ridiculed as utterly impossible Trump’s election promises of 3% growth. Add to this the lowest unemployment rate (4.1%) in 17 years, 1.7 million new jobs, 12
The article first published in americanthinker.com on 09/18/2017. Commenting on Jean-Claude Junker’s state of the European Union speech last week, the usually restrained German economic weekly, Wirtschafts Woche, said the following: “Today the chief of the European Commission gave a great speech… a speech full of great nonsense.” What prompted that staid publication to use such undiplomatic language, especially since the European Parliament gave the speech a standing ovation? Hopefully, it is the realization of more and more Europeans that the cheap EU triumphalism and prescriptions peddled by Juncker are, at best, inappropriate and, at worst, a recipe for disaster. Of triumphalism there was plenty in the speech. “The wind is back in Europe’s sails” Junker assured the audience and told it that the EU is “in the fifth year
The month of August in Russian politics brings a special mystic connotation. Even more so for President Putin’s rule – most of the major events, crashes, disasters, and political crises happen in August. This August begins with President Trump’s signing of upgraded sanctions, which turned the Kremlin off balance. The Cold War between the US and Russia is now officially open on both sides, as of August 1. The mere fact that Putin deems necessary to turn up in person on Russia’s central TV channel to clarify his policy line on the new US sanctions means only one thing – the bets are the highest possible, this is personal and there is no place left for intermediaries and interpreters. Some time ago, the Russian MFA