Unleash Prosperity Hotline, Issue 208
Excerpt provided by the Committee to Unleash Prosperity. Sign up to receive a free subscription to the full weekday newsletter by clicking here: https://committeetounleashprosperity.com/hotline/
Our advice on the economy for Biden is to do nothing fast. The vaccine is the stimulus so get it out quickly by using private sector distribution. Cattle prod the governors in blue states, where the unemployment rates are high, to open up their businesses and schools. This approach costs a lot less than $1.9 trillion.
For all the talk of “economic crisis,” Trump has handed off Biden an economy teed up for fast growth in 2021. Evidence of this comes from the latest IHS Markit Manufacturing index which jumped to its highest level in a decade. The report “points to a record expansion in factory activity. Production and exports orders were the highest since 2014 and job creation was the strongest in 2 years.”
More spending, borrowing, and taxing will just screw it up. To quote the late-great economist Chance Gardner (Peter Sellers in the movie “Being There”), “in the spring there will be growth.”
Manufacturing Index Hits 10-Year High
CDC Reports 1.49 Million Vaccination Per Day
Could the Biden people look dumber or more dishonest in their claims that Trump had no vaccination plan?
There is an asterisk to these new warp speed numbers, because last Tuesday followed the MLK holiday and included a few days of backlog. That will roll off tomorrow. But with an average of 1.5M doses per day now being distributed to states, that should be a new floor for daily vaccination doses administered.
To find out …
- Who the real villains are in the Keystone XL scandal
- How Donald Trump fared in killing regulations
- And if Gavin Newsom is nervous