Let's return to the fundamentals

I'm old enough to remember great economies that were built on rock-solid fundamentals, not trendy political movements. The last great economy built on those types of fundamentals was built in 2017 by President Trump with a little assistance of Paul Ryan and Mitch McConnell. Before passing the Tax Cuts and Jobs Act, Congress eliminated tons of Obama-Biden administration regulations designed to kill the fossil fuel industry. (Sounds familiar, doesn't it?)

They used the Congressional Review Act 16 times to eliminate rules restricting the use of fossil fuels. After that, it didn't take long for the United States to become energy dominant. It took a little longer to become energy independent.

The next big building block of the best economy of my lifetime was passing the Tax Cuts and Jobs Act. When President Trump signed that into law, the economy's animal spirits were unleashed. Money parked overseas was repatriated and invested here in the United States. Unemployment rates for minorities hit the lowest rates in history. Inflation disappeared.

Trump rebuilt the military, too. He didn't start any wars but he used the military to send messages to our enemies in Syria and Iran. We became respected again after being played for fools by Iran during the Obama administration.

President Trump built large sections of wall on the US-Mexico border, which caused the cartels to greatly reduce the numbers of people spilling across the border. President Trump used the threat of tariffs to entice Mexico to agree to an agreement that later became known as the Remain in Mexico Policy. Once people knew they wouldn't get released into the United States while waiting for their asylum cases to be heard, they stopped coming. Apparently, they didn't want to wait in Mexico.

Here's Larry Kudlow talking about the middle class tax cuts President Trump was planning on passing in a second term:

Instead of voters getting a Trump second term tax cut, people are getting high inflation, led by high energy prices, and a cabinet best described as inept. President Trump was difficult to take personality-wise but things ran smoothly with him at the helm until COVID. Nothing has run smooth with Biden at the helm. If this is the question:
The answer is yes.

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