Month: February 2024

We Need A Choice

Dave Davis Commentary, Policy, Uncategorized , , , ,

As we anticipate the selection of presidential candidates by the two major parties, an unexpected revelation emerges. It used to be Republicans who said they were for small government and market solutions, while Democrats deemed an expanding government should provide desired results. 

Regardless of their eventual nominee, Democrats will likely stick to a top-down system, using industrial policy, taxes, rules, and transfer payments to shape outcomes. The cost is considered incidental under their economic framework, Modern Monetary Theory (MMT). In simple terms, you borrow what you want. This approach is not unique to the Democrats. Trump’s Republican party appears to be following a similar path, leading to a surprising convergence in economic policies that makes the two parties more alike than different.

It’s intriguing to note the significant shift in the Republican party’s historical stance as the advocate for small government. Under Trump’s leadership, the party has surprisingly adopted a similar approach to the Democrats, favoring a larger government and increased intervention. This shift is evident in President Trump’s tenure, which saw record Debt, an unprecedented shutdown of the economy during COVID-19, and a lack of effort to curtail government rules at all levels. The party’s reluctance to reform entitlements, a stance it shares with the Democrats, almost guarantees either higher taxes or massive borrowing or both. Imposing the 20% social security dictated by lack of funds is a political non-starter.

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Biden Isn’t The Only One Slipping

Dave Davis Commentary, Policy, Uncategorized , , , ,

Another off-year election and another Republican loss are on the books. This New York congressional defeat illustrates the ongoing weaknesses of the party. Compromised from the start, the race to replace a fraud kicked out of the House of Representatives needed solid handling to offset the stench of the poorly vetted former Republican member. A known, solidly-funded candidate with a well-organized campaign was necessary.  

What happened in the New York election reflected the continuing inability of Republicans to match Democratic fundraising and organization. Instead of finding a known squeaky-clean candidate, the Republicans selected a little-known candidate who appeared to be a registered Democrat. Heavily outspent, Republicans received much fewer early and mail-in votes. This situation left the campaign needing election day votes. Of course, the weather was terrible on that day. The result was that the seat turned Democrat, leaving the party with an even slimmer majority in the House.  

I’m tired of pointing out that parties exist primarily to win elections. After three miserable general elections, some changes might be in order. Why do Republicans underperform? It isn’t that a charismatic leader leads the Democrats. Joe Biden is the least popular incumbent in polling history. Yet, Democrats can widen their appeal to gain majorities.

Suburban women used to vote for Republicans but now provide winning margins for the Democrats. By running engaging pro-choice candidates, Democrats broaden their appeal. They understand the idea is to gain more votes.

Conversely, Republicans seem to go out of their way to repel voters. Instead of putting forth candidates who can who generally support their agenda, Republicans increasingly put loyalty to Donald Trump above electability.

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I Have My Reasons

Dave Davis Commentary, Policy, The Future Party, Uncategorized , , , ,

In the last post, I stated people should back the person most closely aligned with their principles and goals that can get elected. People have pointed out that former President Trump is leading Biden in several polls, so why am I not supporting him? The simple reason is that we disagree on important issues, precisely his stance on capitalism vs. state-directed economies and his subservience to bureaucratic elites. 

That doesn’t mean I didn’t applaud his tax cuts, opposing more regulations, and solid court appointments. Support for Israel while containing Iran led to the Abraham Accords. Providing real weapons to Ukraine kept Russia at bay. 

Trump’s stance on Capitalism vs. State-directed economies, as characterized by protectionism, debt, and immigration, however, revealed Trump’s less attractive side. Subservience to bureaucratic elites, Trump clashed with my fundamental values. 

A bedrock belief in markets allocating resources rather than self-serving elites makes me hostile to industrial policies. These policies, characterized by state intervention in the economy, have historically proven ineffective and often disastrous. 

After freeing up markets and achieving remarkable growth, China is reverting to the state direction of the economy with the expected results; growth is decelerating. Soon, it will join the old Soviet Union, Cuba, Venezuela, and Argentina as countries that could be rich but choose to move backward.

Speaking of Argentina, the new president, Javier Milie, explains the differences between capitalism’s successes and the failures of statism in his address before the World Economic Forum. I only wish I had his passionate ability to make the case for markets and the people rather than the state making decisions. One can only hope he will get the support to return Argentina to its place among wealthy nations.

A state-directed economy is only possible by separating a nation from competing goods and ideas. Protectionism through tariffs is a primary tool. Trump loves tariffs. He imposed them to protect our steel and washing machine industries. While he saved some jobs in the protected sectors, the data shows he lost more jobs among the users of tariff-protected products such as autos and washing machines using the now higher price steel, making them less competitive.

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We Deserve A Better Leader

Dave Davis Commentary, Policy, The Future Party, The Middle East, Uncategorized , , , ,

Three dead, and dozens hurt, the result of a suicide drone attack on a U.S. base in Jordan. It was just a matter of time before U.S. troops died, according to Gen. Keith Kellogg on Fox News. After 160+ attacks on U.S. troops in Syria and Iraq, added to assaults on shipping in the Red Sea, the Biden administration had repeatedly told Iran and its surrogates, “Don’t,” but they did. Still, administration spokespeople’s recurrent theme is, “We don’t seek a wider war.” 

Remember, as recently as 9/29/23, the national security advisor Jake Sullivan claimed the Mideast is the quietest in decades. Now, Anthony Blinkin says we face the most significant Mideast problem since 1973. Since the October 7th horrific attack, the hostilities have spread from Israel and Gaza to Lebanon, Syria, Iraq, the Red Sea, Yemen, and now Jordan. A war already rapidly widening. From the quiet of the Abraham Accords and a restrained Iran at the end of the last administration to the present mess, you can’t avoid the conclusion it’s the result of Biden’s policies.

Besides removing sanctions allowing a massive increase in Iran’s oil revenues and unblocking Billions of dollars, which allowed the Mullahs to finance the increase in the terrorist activities of their surrogates, the administration also re-instated aid to The United Nations Relief and Works Agency for Palestine Refugees (UNWRA). Years ago, I pointed out in posts on the Middle East that this agency was far from being a force for good. It served only to prolong and deepen problems. 

Instead of facilitating Palestinian resettlement in the Arab world, it kept them in camps, with only their hatred and families increasing. UNWRA schools taught hostility to Jews. President Trump’s U.N. Ambassador, Nikki Haley, aware of its failings, successfully pushed the U.S. to defund the wayward agency. However, Biden restored funding and added even more discretionary funds.

Now we find UNWRA employees took part in Hamas’ ghastly attack on Israel. Evidence shows at least one in ten of its staffers have ties to the terrorist group. Believe it or not, the U.S. Taxpayers supported the terrorists. Even with UNWRA’s widely known flaws, Biden gave them funds, much of it ending up with Hamas financing its horrors.

I can’t prove my earlier idea that a quiet but robust alliance between Israel, the U.S., and the Kurds would’ve kept a lid on the Mideast caldron, allowing the area to evolve into modernity. Still, it couldn’t have worse results than we have now. Even in a limited form under Trump, maintaining the Harir airbase in Kurdistan and solid support of Israel allowed some Arab nations to join in the Abraham Accords, with others likely to follow. Wouldn’t it be better to have our own strategically placed proxies?

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