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Unleash Prosperity Hotline
Issue #1226
03/20/2025
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1) Europe Declares War on Apple

Now who’s launching predatory trade wars?

Europe can’t compete in the tech sector, so yesterday they launch sham attacks on American companies.
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According to Apple, the DMA effectively requires it to hand over intellectual property to competitors, including companies whose business model relies on copying others. This intervention, argues the company, allows officials or third parties to influence iPhone development to the point of micromanagement, making it harder to introduce new technologies in Europe.

Europe's real problem with these tech giants is envy. America innovates while they regulate.

The Trump administration issued an Executive Order in its first weeks back in office instructing federal agencies to defend America’s trillion dollar tech companies against these acts of aggression by European regulators and lawyers.

The Trump trade team should in trade negotiations with Europe defend against these regulatory assaults – which are as destructive to trade as any tariff.
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2) Progressives for Homelessness

We couldn’t resist making this amazing admission from the Atlantic magazine ([link removed]) on how the Left have lost the support of the electorate our quote of the day:

In California cities where the share of progressives votes goes up by 10 points, the number of housing permits issued declines by 30 percent. Where the supply of homes is constricted, housing prices soar. Where the availability of homes is constricted, homelessness rises. As of 2023, the five states with the highest rates of homelessness were New York, Hawaii, California, Oregon, and Washington—all run by Democrats.

Actually, it's much worse than that. Nine of the top 10 are blue states as of 2024:
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3) Speaking of Homelessness - Burghum and Turner Have One Solution

Congrats to Trump cabinet members Doug Burghum and Scott Turner for their innovative idea to convert unused federal lands in or near cities to new housing developments.

The American Enterprise Institute and the National Association of Realtors have analyzed the property holdings of the U.S. government for their potential to improve housing affordability.

AEI and NAR research identifies the most promising areas for conversion of some unused federal land to housing. Las Vegas, Salt Lake City and Phoenix are three places to start, given their fast population growth relative to the national average and proximity to federal land.
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4) "Inflation Reduction Act" Green Giveaways Could Reach $4.7 Trillion

Every time the lavish electric vehicles and green energy giveaways in the Biden Inflation Acceleration Act have been scored, the price tag has gone up.

Now, a comprehensive new analysis from the Cato Institute puts the upper-bound cost at a staggering $4.7 trillion:
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Within the upcoming 10-year budget window (2025–2034), we estimate the IRA spending will range between $936 billion under a set of lower-bound assumptions and $1.97 trillion under a set of upper-bound assumptions. By 2050, total IRA spending could range between $2.04 trillion and $4.67 trillion. Table 3 shows Cato’s estimated total spending on IRA energy subsidies through the upcoming 10-year budget scoring window, as well as through 2050, including present values of IRA spending through 2050 using discount rates of 0, 3 percent, and 7 percent.

The original CBO/JCT 10-year score significantly underestimated the subsidy payments authorized by the IRA, but third-party estimates of the IRA’s 10-year budget score—such as the Goldman Sachs estimate of $1.2 trillion—fall comfortably between our lower- and upper-bound estimates for the upcoming 10-year budget window.

All of the IRA subsidies should be repealed or phased out. The savings should go for pro-growth tax cuts.
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5) Voter Rejection of Radical Progressivism Is Even Worse Than Democrats Think

Democratic data guru David Shor, a veteran of the Obama campaigns, has been warning his party that the drift towards Republicans by black and Hispanic voters is a real concern. Now, he says the problem is young people are moving right. Kamala Harris only won about 25% of white men under the age of 20.

Shor also thinks Republicans now perform better in high-turnout elections than low-turnout ones, and that if in 2024 every voter who could have voted did, Trump would have won by a much bigger margin - some 4.8% of the vote versus the actual 2024 margin of 1.4%.
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The National Populist Newsletter calculates that the 2024 Electoral College map under a higher-turnout scenario would have shown a landslide. Trump would have carried New Mexico, Minnesota, New Hampshire, New Jersey, Maine, and Virginia.
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6) Free Fall

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