Well, Yeah

Here’s Gene Sperling, Bill Clinton’s and Barack Obama’s economic advisor, on Republican Party Presidential candidate Donald Trump’s tax proposal.

If you look at how [Trump’s] tax code has been judged, almost 90% went to the top 1%. What he has doubled down on is this ‘15% solution’. That means that not only will the biggest companies pay 15%, but everybody who has any type of pass-through income. More than half of the 400 richest people in the U.S. have pass-through income[.]

And

Employment

Employers added 255,000 jobs last month while wages for private-sector workers matched their strongest annual pace of growth in seven years. More Americans joined the labor force, keeping the jobless rate steady at 4.9%.

That’s part of the best two months of hiring all year.  This is all good news, right?

Not so much.

The increase in the labor force participation rate was only a tenth of a point to 62.8%, still the lowest rate in 40-ish years—two generations.

A Court Gets One Right

In a sexual orientation case involving an adjunct professor who claimed she was denied “full time employment and promotions based on sexual orientation,” the 7th Circuit ruled unanimously that her employer can, indeed, do exactly that.  In particular, Title VII, under which the case was brought, does not apply to sexual discrimination in the workplace.

The reason the Court got this one right has little to do with discrimination—and everything to do with it—rather, it’s centered on what the law actually says, and what the judges said about what the law actually says.

More of the Same

…from the best damn change-maker [Bill Clinton has] met in my entire lifeIndeed,

Mrs Clinton has been clear. She wants to serve as Mr. Obama’s political and policy heir, as she and he now admit. This won’t mean “change” unless the Clintons have an unusual personal definition of that word, as they do for “classified material.” A de facto third Obama term will mean the status quo, only more of it.

Here’s what Obama has accomplished with his policies, and Clinton has made no bones about wanting to do even more of it.

A Free Speech Ruling

The Federal trial judge got this one right, even though the Arkansas law had been on the books for 35 years.  The question concerned whether the State could restrict political speech by robocall with the mechanism of banning political robocalls.  The same statute did not ban other political calls, only robocalls, and the judge called them on that logical conflict.

The statute is underinclusive. Banning calls made through an automated telephone system in connection with a political campaign cannot be justified by saying that the ban is needed to residential privacy and public safety when no limit is placed on other types of political calls that also may intrude on residential privacy or seize telephone lines.

Progress

James Pethokoukis, at AEIdeas, recounted part of a response by Bill Gates to economist Robert Gordon’s view that we’re in a period of economic stagnation.  Gordon sees the period from 1870-1970 as a special century during which

Economic growth really picked up after glacial advancement since pretty much forever. This had never happened before. Big thanks here to electricity, the internal combustion engine, and public sanitation. Second, things haven’t been so special since.

Indeed,

We’ve had plenty of inventions since 1970 but it’s been focused on the narrow sphere of entertainment, information, and communications technology. …Those innovations are everything that we talk about today, but in perspective they’re just a small slice of what human beings care about.

Flip-Flop or Copycat?

Here’s Democratic Party Presidential nominee Hillary Clinton on international trade.

As Secretary of State, Mrs. Clinton helped negotiate the yet-to-be-ratified Trans-Pacific Partnership and gave some 45 public speeches for TPP [TransPacific Partnership].

Then

…to fend off the Sanders challenge, she renounced the final TPP text in October 2015….

This isn’t new.  When Bill Clinton was pushing NAFTA, so did Hillary Clinton, and she repeated that in her memoir.  Then in her first Presidential campaign, she vowed to “renegotiate” NAFTA.

Do We Really Need Four More Years?

Here’s what nearly eight years of Progressivism, accomplished by President Barack Obama (D) and his Progressive-Democrat acolytes in the Democratic Party, have done.  As The Wall Street Journal put it:

  • largest stimulus spending bill in decades
  • Obamacare
  • nationalized the student-loan industry
  • turned the banks into public utilities answerable first to government

All of these have created the slowest recession recovery since WWII.  The nominally low unemployment rate that has been achieved is measured against the backdrop of the lowest labor participation rate in 40 years—in two generations.  Banks as government-managed public utilities, no longer responsive exclusive to the banks’ owners and creditors—which includes us individual savings and checking account holders?  That’s just another means for government to collect revenue.

Government’s Market Interference

I wrote about this matter just a bit ago.  Now DoJ has gone ahead and filed its lawsuits seeking to block the mergers between Anthem Inc and Cigna Corp and between Aetna Inc and Humana Inc.  Attorney General Loretta Lynch’s rationale for this is this:

If these mergers were to take place, the competition among these insurers that has pushed them to provide lower premiums, higher quality care and better benefits would be eliminated[.]

And

They would leave much of the multi-trillion dollar health insurance industry in the hands of three mammoth insurance companies, and restricting companies, and restricting competition in key markets[.]

Because More of the Same

…will correct the failures of that same.

[T]he International Monetary Fund on Thursday issued an “urgent” call for the world’s largest economies to roll out more growth-boosting policies.

Those growth-boosting policies already in place these last eight years since the Panic of 2008 have worked so well.  The easy money from the various central banks have done so well to spur growth.  Regulation from the center has done so well to spark national economies.

Yeah, that’s why there’s this “urgent need” for more.

With experts like these, who needs the amateurs of free markets?