Midterm elections and Trump: Tuesday's vote is a referendum on the president's economic vision
Midterm elections and Trump: Tuesday's vote is a referendum on the president's economic vision
The midterm elections on Tuesday are a referendum on the successful tax cuts, deregulation and economic policies favorable to the growth of President Trump and the Republican majorities in the House of Representatives and the Senate of the United States.
Democrats campaigning to take control of both houses of Congress are adopting far-left policies, some even openly proclaiming their fondness for socialism, which would derail the progress of the past two years and raise their taxes.
Voters wisely rejected the failed Democratic policies in 2016 when they put Donald Trump in the White House and returned the Republican majorities to the House and the Senate. While President Trump is not on the ballot on Tuesday, his policies are
If the Democrats gain majority control of the House of Representatives (as the polls predict) or the Senate (which is not expected), they will do everything in their power to nullify Trump's economic achievements that have created the thriving economy that our nation enjoys today.
Democrats still have no idea what happened in 2016, when voters rejected the presidential nomination of Hillary Clinton and the majority of Democrats who run for the House of Representatives and the Senate.
The American people chose President Trump because he was tired of the manifest failures of the Obama administration and the Democrats in Congress: slow economic growth, slow job growth and slow wage growth. Clinton promised more of the same. The voters wanted a change.
The Democratic Party and its Deep State still resist, starting with Obama himself, who is going through the country that now campaigns for the Democrats who embrace their failed policies. By asking voters to vote for Democrats who support their unsuccessful economic ideas, Obama seems to be telling voters: if at first you do not succeed, fail, fail again.
Obama's apologists laughed at Trump when he promised to restore the US economy to its 4 percent long-term growth rate, more than twice President Obama's average eight-year growth of less than 2 percent. Obama apologists said that a growth rate of less than 2 percent was the "new normal." The United States could no longer grow at its historic rates. Only the "deplorable" ignorant ones did not know that.
But President Trump realized that if he restored President Reagan's growth-friendly policies, especially through the application of marginal tax rates reductions and deregulation, the United States would enjoy booming growth, just as it did when Reagan was in office. .
Six months after President Trump took office, the economy of the United States was growing at an annual rate of 3 percent, 50 percent faster than under President Obama. In less than two years, President Trump has achieved that the economy of the United States grows at a rate of more than 4 percent per year.
Meanwhile, not a single Democrat in the House of Representatives or the Senate voted for Trump's tax cuts. And the Democrats who run for seats in both chambers are now campaigning to reverse those tax cuts. If the Democrats succeed, they would be charging the American people with the biggest tax increase in our nation's history.
This is the first time Democrats have explicitly campaigned to raise taxes since their presidential candidate, former Vice President Walter Mondale, did so in 1984. Mondale won the electoral votes of Massachusetts and the District of Columbia, while President Reagan won the other 49 states.
Under the Republican economy in favor of President Trump's growth, the United States is pursuing policies like those of Reagan, exactly the opposite of Obama's failures.
Black Americans, Hispanic Americans, and Asian Americans enjoy the lowest recorded unemployment rates. And women are enjoying the lowest unemployment rate since 1953.
Conclusion: President Trump and the Republican Congress have produced the most inclusive recovery in the history of the United States.
If you ask Democrats today what policies create jobs and rising wages, they can not tell you. Unlike President Kennedy and the Democrats of his day, Democrats today do not understand that lower taxes create economic growth, jobs, higher wages and prosperity.
Instead of drastically reducing tax rates, as did President Kennedy and President Reagan, who achieved great economic success, President Obama raised tax rates on income, tax rates on capital gains, tax rates on corporate dividends. and payroll taxes. And it maintained the highest corporate tax rate in the industrialized world.
Instead of deregulation, President Obama increased the costly regulations that kill employment in the US energy, banking and health insurance industries.
Instead of cutting spending, President Obama gave our nation the highest spending, deficits and debt in US history, increasing the national debt more than all other previous presidents, from George Washington to George W. Bush together.
Instead of monetary policies to stabilize the dollar, as supported by Presidents Reagan and Kennedy, President Obama accommodated a decade of monetary policy with a zero interest rate and $ 4 billion in "quantitative easing," which remains the greatest threat to US economic growth to this day.
Voting for the Democrats in the midterms is a vote for the "old days" of economic failure, high unemployment and high taxes. Voting for Republicans is a vote for the strong economy we enjoy today, under unemployment, low taxes and better days ahead for all Americans.
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