1) Hoosier Hysteria as Indiana Lawmakers Expand School Choice
This headline from a local news outlet in the Hoosier state says it all:
The plan is close to an A+. It expands eligibility for Choice Scholarships (I.e. school vouchers for private schools) to all Indiana families with an income up to $220,000. The vouchers are roughly $6,000 per year.
The voucher funding pot grows by almost 80% over two years.
This would make Indiana the seventh state to start or expand school choice this year.
Investment guru Scott Grannis has put out a new analysis showing the secular decline in American economic growth over the last two decades. There was a brief respite in the Trump years when growth got back to 3% in 2019, but we're way below the trend as his analysis shows. We need to get back on a 3%+ rate of real economic growth to create a rising tide that lifts all boats. Biden is all about redistribution. The GOP needs to be all about free market prosperity.
Biden's Energy Secretary Jennifer Granholm promised that fossil fuel workers displaced by the green new deal would be taken care of. "We should be able to put people to work doing things that are similar to the skills that they had before,”
A new study by the University of California at Berkeley has found the shutdown of a Marathon oil refinery near San Pablo has left more than 20% of workers unemployed. Those who found new jobs have seen their median hourly wage fall by a quarter, with some workers earning as little as $14 an hour. Many of the new jobs involve more dangerous working conditions than the Marathon jobs.
The Atlantic magazine – which is all on climate change alarmism – warns that the war on fossil fuels could result in "the devastation of communities that rely on fossil-fuel extraction and a powerful political backlash against green-energy policies."
And the Democrats wonder why they are losing blue-collar voters!
We think both things are already happening. We are in a race against time to stop the Green New Deal.
Why is it that after more than a century of socialist/Marxist failures, South America keeps re-embracing it?
How hard is it to understand that people leave - and they take the money with them? So the headline below from Bloomberg News is both infuriating and heartbreaking at the same time.
Per Bloomberg News:
Argentina, Columbia, Chile, and Brazil have embraced leftist economic orthodoxy and pushed the continent away from free market principles. Bloomberg reports that more than $137 billion left South America in 2022 after left-wing governments were elected. That’s a 41 percent increase from the year before, with much of it going to the United States, Spain, and Panama (which use the U.S. dollar). Anyone with money is looking for an exit strategy.
If you travel to Miami – the financial capital of Latin America – and see the glittering high-rise condos and office buildings erected downtown and along the ocean, many of these projects are financed with runaway money from South American billionaires.
Maybe there is hope. In Argentina – where inflation is running at 100% and more – the leftist government has left two-fifths of its 46 million people in poverty. Alberto Fernandez, the country's failed leftist president, has decided not to run for re-election this October. The front-runner in many polls is Javier Millei, a libertarian economist who has named one of his dogs after Milton Friedman.
5) Quote of the Day: Kamala Isn’t the Problem, WE Are
This just in from TheHill newspaper:
Former Biden chief of staff Ron Klain explains much of the criticism of VP Kamala Harris and her approval ratings: “sexism and racism are part of the problem.”
Klain said: “She hasn’t gotten the credit for all that she’s done; she’s done a lot of very hard work.”
