T.S. Eliot famously wrote that April is the cruelest month, but when it comes to America's fiscal picture, nothing could be further from the truth about this April. The latest government numbers confirm that last month was a blockbuster for growth, federal revenues and deficit reduction.
Donald Trump is now deep into trade negotiations with China and NAFTA 2.0 negotiations with Canada and Mexico. We are strong free traders, but we believe that Trump's plans to negotiate better trade agreements that reduce trade barriers abroad are right on the mark. He also has to make sure those deals fully protect U.S. intellectual property, or what is commonly called know-how.
Is anyone paying attention to the crisis that is going on in our electric power markets?
What is it about the internet that makes it so the government just can't seem to keep its greedy paws off of it?
I have argued many times on these pages and elsewhere that the shale oil and gas revolution is the story of the decade. Since 2007 U.S. oil and gas output has risen by about 75 percent, and the renaissance is still in its infancy stages.
Finally, some good news for the future of the North American Free Trade Agreement. CNBC is reporting that a framework for a renewed and improved NAFTA may be coming in the weeks ahead.
There is an old saying that you can't teach an old dog new tricks, and we've learned that again with the Congressional Budget Office and its latest highly misleading fiscal forecast.
The White House is seriously considering a strategy to cancel tens of billions of dollars of wasteful spending in the $1.3 trillion budget signed by President Donald Trump last month.
Is it possible that Donald Trump is winning on trade?
Hillary Clinton is being universally panned by Republicans and Democrats for her recent rant against people who voted for Donald Trump. While giving a speech in Mumbai, India, Clinton boasted that she "won the places that represent two-thirds of America's gross domestic product." She went on: "So I won the places that are optimistic, diverse, dynamic, moving forward." As evidence, she pointed to places such as Illinois, where she won by sizable margins. Then she added that those who voted against her "didn't like black people getting rights, and don't like women ... getting jobs."
Donald Trump is producing the kind of shoot-the-moon economic recovery that we last saw under Ronald Reagan in the 1980s. He's copied a lot from the Reagan playbook: Deregulate; cut taxes; promote American energy. He should also think about adopting another Reaganite initiative: Let American companies grow, merge, restructure and become more profitable so they can compete on the global stage.
