1) New Census Data Puts the Lie to America as "Systemically Racist"

Some very good news pours off the pages of the new Census Bureau report on household incomes. The report shows a rapid rise in incomes for Asian and Hispanic households over the past year, continuing a positive trend since the early 1980s.

One remarkable statistic is that Asian households now make on average $120,000 a year - or one-third MORE income than white households do.

The average Hispanic household now earns $71,000 - which would make them rich in most other countries in the world - and much richer than in the countries that most Hispanic immigrants arrived from.

So much for the left's outrageous slur (repeated by Joe Biden several years ago) that America is a "systemically racist country." How can America be systemically racist when people with brown skin are richer than people with white skin?

More good news is that immigrants now make almost as much money as native-born Americans. Native born Americans earn $85,000 versus $81,000 for the foreign-born.  Hooray. The melting pot is working as millions of immigrants continue to assimilate seamlessly into the American free enterprise system.

2) But Why Are Blacks Falling So Far Behind?

Now for the deeply troubling news that no one wants to talk about for fear of being called a racist: black Americans are falling way behind everyone else. While incomes for whites, Hispanics, and Asians rose in 2024, income for blacks fell by 3%. Black incomes fell throughout Biden's presidency, despite the massive welfare expansions. Bidenomics WIDENED the racial gap.

Blacks are now almost 25% poorer on average than even Hispanics. Most black Americans have been in the U.S. for several generations, and yet newly-arrived Hispanics and Asians race ahead of them. As Thomas Sowell and others have pointed out (and the Census data continues to confirm this) black immigrants from Africa are generally more successful than black Americans born here.

What explains this disappointing trend? Sure, racism may still play a part in this story, but we think the single biggest factor behind this American tragedy has been that roughly half of black children now grow up in a single-parent household. The abysmal schools run by teacher unions in inner cities play a major role too. Worst of all, the modern welfare state has become a poverty creation machine with black America as the victim.  

3) Why Is Trump Funding the Globalist IMF?

One of the top fiscal priorities of the Trump administration should be to defund globalist, anti-American institutions.

But the Trump FY26 budget now making its way through Congress includes a record increase in the size of the International Monetary Fund "quota" from "donor" countries.  This gives the IMF control of nearly $1 trillion in unrestricted loanable funds.

The US contribution to the IMF (roughly a $60 billion line of credit) is a new record. There are no IMF reforms to stop its pattern of promoting tax rate increases, austerity, devaluations, repeated bailouts of China's belt and road debt, and anti-growth climate spending.

In its entire 50+ year existence, the IMF has provided reckless advice to countries in financial trouble - digging them deeper into debt and poverty.

This latest IMF cash infusion from American taxpayers is particularly insidious because the U.S. is surrendering control of our financial contributions to international one-world bureaucrats.

The U.S. has only a 16.5% vote and is often isolated by China. Even worse, the U.S. is fully losing its veto over the IMF's bilateral lines of credit.

On those very rare occasions when foreign aid makes sense for humanitarian or security reasons, the money should be direct bilateral aid - not dollars channeled through unaccountable global bureaucracies.  

4) Coming To America?

Here's a happy headline:

Banking giant UBS is ramping up its threats to leave Switzerland and set up shop in the US -- a radical response to Swiss regulators who have proposed onerous new capital requirements on the financial behemoth, The Post has learned.

Executives at the 162-year-old Swiss bank -- led by highly regarded Chairman Colm Kelleher and CEO Sergio Ermotti -- have even recently met with Trump administration officials to prepare for the possible seismic strategy shift that could include the purchase of a US bank or a merger, according to people close to the matter.

Ironically, the Swiss regulations that threaten to send UBS packing are almost identical to the banking rules proposed by the Federal Reserve by Biden appointee Michael Barr when he was Vice Chair for Supervision. Trump asked for and received Barr's resignation, replacing him with Miki Bowman who put the kibosh on the capital requirements rule. Now banks are coming to the U.S., instead of leaving,  What a difference a president makes!

5) Joe Manchin Admits Bidenomics Was "All About Sending Checks to Everyone"

Former West Virginia Senator Joe Manchin - the last of a now-extinct breed of moderate Democrats in Congress, helped Joe Biden pass some of his infamous budget-busting "Build Back Better" bills.

Now, he's lashing out at his former party in a new book. He says Democrats are in the grip of "ideological purity tests" and a lust for power. "Democrats have systematically tried to weaken the very guardrails that have protected our democracy for generations--all in the name of advancing their agenda," he writes.

He is especially tough on Chuck Schumer, who is still Democratic leader in the Senate.

On Schumer's drive to kill the filibuster, Manchin fumes that it became "a vote he could weaponize, a moment he could broadcast to the radical left to prove his loyalty. This wasn't about governing or principle. It was about power."

Heroically, Manchin helped block that Schumer power play.

In one visit to the White House he warned Biden that his multi-trillion dollar spending bills were the "Bernie Sanders and Elizabeth Warren" agenda. "I've known you for a long time, and I do not believe that you believe this is the right thing for the country." Biden denied it all.

We're happy to hear this act of contrition from Senator Manchin now. We just wish he had had the courage of his convictions back in 2022, when he provided the crucial vote to pass Biden's Inflation Reduction Act that increased corporate taxes and raided Medicare to pay for massive green energy giveaways.  We're still digging ourselves out from under that multi-trillion dollar mess.

6) Now THIS Would Be a Must-Read!

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