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Wednesday, January 03, 2018

NYT discovers Trump knows business

The New York Times had an epiphany as the new year dawned.

Donald Trump may actually know what he's doing with the economy.

"The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings" was the headline on a Times story that noted:
While business leaders are eager for the tax cuts that take effect this year, the newfound confidence was initially inspired by the Trump administration’s regulatory pullback, not so much because deregulation is saving companies money but because the administration has instilled a faith in business executives that new regulations are not coming.
This is new to liberals.

Conservatives know that repealing bad regulations is as important as a tax cut in getting the economy going.

Small business owners have complained for decades about regulations that restrict them -- regulations that big corporations often have pushed for as a barrier to competition.

The Trump administration has blocked or delayed 1,579 regulations.

From the New York Times:
The evidence is weak that regulation actually reduces economic activity or that deregulation stimulates it. But business executives are largely convinced that the cost of complying with rules diverts money that could be invested elsewhere. And economists see a plausible connection between Mr. Trump’s determination to prune the federal rule book and the willingness of businesses to crank open their vaults. Measures of business confidence have climbed to record heights during Mr. Trump’s first year.
The evidence is weak because it has not been gathered.

While the EPA will look for every potential carcinogen in the universe, it is not charged with providing a cost-benefit analysis. If it costs a billion dollars to reduce the risk of cancer by one-millionth, the EPA is all for it. That is how Democrats set the EPA up.

Buried in the story was this:
But business executives say the Trump administration deserves credit. Mr. MacDonald said home builders have benefited from the killing of regulations written by the Obama administration, including a rule that broadened the definition of wetlands, which could have restricted home building in certain areas. The National Labor Relations Board also reversed a decision that made builders more responsible for the working conditions of their contractors’ employees.
In some industries, the administration’s actions will allow companies to engage in activities they might not have been able to otherwise; electric utilities, for example, might be able to invest in upgrading power plants that run on fossil fuels, thanks to a promised rollback of Mr. Obama’s Clean Power Plan to fight climate change.
The Business Roundtable, a corporate lobbying group in Washington, reported last month that “regulatory costs” were no longer the top concern of American executives, for the first time in six years. Mr. Zandi said that regulation was still the top concern in Moody’s survey of business confidence, but that it was rapidly losing ground to concerns about the availability of labor.
The National Association of Manufacturers’ fourth-quarter member survey found that fewer than half of manufacturers cited an “unfavorable business climate” — including regulations and taxes — as a challenge to their business, down from nearly three-quarters a year ago.
Improving the economy makes America stronger.

A stronger America makes the world safer.


Please enjoy my two books about the press and how it missed the rise of Donald Trump.

The first was "Trump the Press," which covered his nomination.

The second was "Trump the Establishment," which covered his election.

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As always, Make America Great Again.


  1. The Right way to increase the wages paid -- allow companies to make more money with more workers, so the companies bid up the wages in order to get more workers.

    There has long been a shortage of workers willing to work for only $1; there has never been a shortage of workers willing to work for $100/hr. Successful businesses will want better workers, and will be willing to pay more to get them.

    Trump DOES have a Magic Wand (like all conservatives): Low Taxes, Few Regulations, and the economy will grow.

    Obama, like most Dems, doesn't believe it -- that is why he fails.

    1. Sure he believed it! Why else would he so assiduously have avoided it?

  2. Times management has proven over the years that they don’t know how to run a business. They do know how to ruin a business.

  3. Speaking of epiphanies, George McGovern tried to open and run a bed and breakfast and was astounded by all of the regulations he had to comply with. He said had he known that when he was in the Senate he would have voted differently. - GOC

  4. The evidence is weak,alright. Just because regs are reduced and the economy is booming and the stock market is orgasming and the Norks are dealing and minority employment is at record levels doesn't prove a thing.

    1. Preee- cisely! No evidence at all, is there!

      (Oh, where is that sarcasm font we need so badly? LOL.)