Three Cheers for American Exceptionalism

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Unleash Prosperity Hotline
Issue #1080
08/12/2024
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1) Three Cheers for American Exceptionalism
Despite the dismal "woke" opening ceremony, the Paris Olympics were a spectacular success. No country's athletes were more victorious on the world's biggest stage than America's. From Katie Ledecky to Steph Curry and LeBron James to Simone Biles to Scottie Scheffler to speedster Sha'Carri Richardson and scores of other super duper stars who represented our nation so valiantly – we salute you.

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A few observations. First, China has five times as many people as we do, but we won more medals.

Second, the athletes all represented America with poise and class and bursts of patriotism.

Third, to see so many athletes of all skin colors and ethnicities on the medal platforms donning the red, white, and blue is a wonderful reminder that the U.S.A. is the world's most successful multicultural success story in world history.

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2) But Back at Home, America Is On the Wrong Track

At least that's what voters are saying. Typically, the right track/wrong track number is a good predictor of whether the incumbent candidate/party gets booted out. Today only one-in-five say we are headed on “the right track.”

That is the lowest recording since the 2008 financial crisis.

The public mood can change over three months, but if this pessimism holds up, it's hard to see the Left winning.

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3) Kamala Plagiarizes "No Tax on Tips" But Voted for the IRS Crackdown on Tipped Workers

She was for it after she was against it.

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The problem for Harris is that – like almost every position she’s taken lately – her record is exactly the opposite. The Biden-Harris administration's signature legislative achievement, the so-called Inflation Reduction Act, paid for its lavish new green energy and electric vehicles subsidies in two ways: raiding Medicare prescription drug spending and doubling the size of the IRS.

The bill passed when Harris broke the 50-50 tie in the Senate. One of the first things the Biden-Harris administration had the IRS do with the huge cash infusion was... crack down on tipped workers:

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4) The Young and the Exodus

The Atlantic magazine has ripped the Band-Aid off a disturbing social trend, what it calls "the disappearance of children under five in progressive cities."

In all urban counties, the population of children under five years old fell by 8 percent; it fell by 18 percent in New York City and by 5 percent nationwide.

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Liberal writer Derek Thompson puts it bluntly: "I must admit that progressives do have a family problem... in large urban metros, the number of children under 5 years old are in a free fall. Several counties--including those encompassing Manhattan, Brooklyn, Chicago, Los Angeles, and San Francisco—are on pace to lose 50 percent of their under-5 population in 20 years."

"I'm deeply worried about a family-exodus doom loop," says Connor O'Brien, a policy analyst at the think tank Economic Innovation Group, says. "When the population of young kids in a city falls 10 or 20 percent in just a few years, that's a potential political earthquake."

The top two reasons for parents leaving the “progressive” inner cities are crime and schools. The best way to bring families back to the cities is school choice - but the unions won’t allow it. We wonder if there will still be teacher unions in cities, when there aren’t any kids to teach.

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5) Musk Defends Decision to Flee San Francisco
It’s not just kids that are fleeing woke cities. So are major businesses.

San Francisco officials are criticizing Elon Musk for abandoning the San Francisco headquarters of his social media company, X (formerly known as Twitter).

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Former SF District Attorney Chesa Bondin says Musk is "woefully disconnected" from reality with his criticism of San Francisco soft-on-crime policies. Hmm. Are the voters of San Francisco also "woefully disconnected?" This is the same DA the voters recalled from office in 2022.

Musk fired back in an X post that "it is impossible to operate in San Francisco."

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He warns that San Francisco is heading towards a "post-apocalyptic" future if it doesn't change the political leadership in November.

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6) If the Media Were the Judges at the Olympics

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