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Unleash Prosperity Hotline
Issue #801
06/26/2023
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1) Could School Choice Bill Pass in Blue Pennsylvania?

 The Democrats seized control of Pennsylvania in the midterm elections, so this is an unlikely state for school choice to gain a foothold. This Fox News headline holds out hope:
 

Everything is fluid right now, but here is what we are hearing, from various sources:

The PA legislature appears to be nearing the enactment of the state's first ESA school choice measure, with support from Democratic Governor, Josh Shapiro.

Shapiro has vowed support for the “Lifeline Scholarships”, which are school vouchers for a small percentage of kids in the bottom 15% performing public schools.

We won’t get too euphoric here. The bill, if it passed, may end up helping less than 5,000 kids.

But it’s a foot in the door for school choice. It must be worth fighting for, because a Philadelphia Inquirer story reports: “PA public school advocates are furious at Gov. Josh Shapiro for supporting school choice vouchers.” A PennLive story says “the school vouchers law could be an “education ‘game changer.”
 
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2) No, Texas ISN’T Transitioning to Green Energy

There is almost nothing the New York Times won't say or write to promote wind and solar power – the most taxpayer-subsidized and least efficient industry in the history of America.

So we weren't surprised when we saw this goofy frontpage headline from the Times over the weekend:
 

We wonder how much the green groups paid to get that flattering advertisement. 

It’s true that Texas gets some of its electric power from solar and wind power. But the idea that the state is moving away from fossil fuels, seemed far-fetched to us. After all, Texas has more oil than just about any place in the world other than Saudi Arabia.

Sure enough, we saw this far more believable headline from the very same day:
 

According to the story by The Center Square:

As Texas continued to lead the U.S. in job growth last month, the Texas upstream oil and natural gas industry added 6,900 jobs in May, the highest job growth reported in a single month in the 33 years the Texas Workforce Commission has reported the data. 

“Texas remains a powerhouse of production and all sectors of our economy benefit from robust activity,” President of the Texas Oil & Gas Association Todd Staples said. “These numbers reported for May are the highest in decades. Despite a slowdown in rig count and concerns about the global economy, the world remains dependent on the tremendous resources produced every day by dedicated men and women in the oil patch.”


Does this sound like a state that is transitioning away from oil and gas production?  

Looks to us that - to borrow a phrase from the Longhorn State - The New York Times is “all hat and no cattle.”
 
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3) Almost No One Trusts Our Government Anymore

A new Pew poll shows public trust in politicians is near an all-time low. Only one in four Americans “trust that the government will do what is right” most of the time. This trust meter is at or below the level of any time since the 1950s. Americans are less trusting of the political class today that at the height of Watergate when Tricky Dick occupied the White House.

Amazingly, even Democrats have low regard for the government. Only three of 10 Democrat voters have confidence in government.  Why they keep voting to expand it is one of life’s greatest mysteries.
 
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4) Money Growth Has Turned Negative

Where did all the dollars go? In 2020 and 2021, during COVID, the Fed drenched the economy with trillions of dollars of cheap money. As the chart below shows, M2 growth surged by 25% in 18 months, an unprecedented rise in money creation.  

Why is anyone surprised - especially the Fed - that we saw the largest rise in consumer prices in almost half a century from all this money-printing? 

But look at the last year. The supply of money has contracted by 4% from its all-time high back in late 2021.

Everyone has a different opinion of what this means for inflation going forward, but we would simply make the case that this herky-jerky monetary policy cannot be good for long-term growth of the US economy. We need a monetary rule with a STABLE valued dollar, not a Chairman of the Fed that makes up the rules as we go along.
 
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5) Is This the REAL Reason So Many Boys Are Now Identifying As Girls?

This is a funny – though politically incorrect – track from a South Park episode poking fun at the out-of-control transgender movement. Thanks to Trish Regan for pointing it out. Tap the image to watch.
 

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