The Art of No Deal

View this email in your browser ([link removed])
[link removed]
Unleash Prosperity Hotline
Issue #602
08/22/2022
New to the Hotline? Click ([link removed]) here ([link removed]) to subscribe–it's free. ([link removed])

1) The Art of No Deal
While we were preoccupied with trying to stop the Inflation Acceleration Act, this headline appeared on the front page of the Wall Street Journal. We are still haunted by the economic implications:

[link removed]
We warned that this woman was a dangerous nutcase, and our worst fears have been confirmed. Lina Khan is a 30-something left-wing university professor who has zero real-world business experience. Now she is passing judgment on multi-billion dollar deals?

The most worrisome revelation in the WSJ article is how Ms. Kahn’s hostility to mergers is changing behavior in the marketplace. Why bother to spend millions on a merger and millions more litigating with the FTC just to get shot down by someone whose greatest business responsibility may have been a childhood lemonade stand? It’s a chilling example of how Biden’s unelected regulators can stunt business growth by their presence.

Ms. Kahn seems completely ignorant of the economic reality that on balance mergers and acquisitions are critical to American economic competitiveness and the sprouting of new businesses. Mergers add value to firms (and the 100 million plus Americans who own stock) and in most cases, it is the shareholders of the acquired companies, not the acquiring companies that come out way ahead. We are now living in a global marketplace where Lina Kahn’s concerns about monopolies are as outdated as trolley cars.

She is blocking mergers in airlines, restaurants, publishers, tech companies, auto dealerships, service stations, and on and on.

Are they trying to wreck the economy?

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fthe-art-of-no-deal%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fthe-art-of-no-deal%2F)
[link removed] Forward ([link removed])

2) Inflation Reduction Act Is A Dud
Starting around Labor Day Joe Biden is going to barnstorm across the country to celebrate the $750 billion IRA. Will anyone participate in the festivities?

Latest NBC poll: 71% of Americans believe the "Inflation Reduction Act" will either make things worse for them or not make any difference.

[link removed]
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Finflation-reduction-act-is-a-dud%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Finflation-reduction-act-is-a-dud%2F)
[link removed] Forward ([link removed])

3) America Is Red
Yes, we know things are bleak in Washington, but is anyone noticing that Republicans are dominating at the state level? Ballotpedia just updated the charts on The partisan composition of state legislatures. This refers to which political party ([link removed]) holds the majority of seats in the State Senate ([link removed]) and State House. Altogether, there are 1,972 state senators ([link removed]) and 5,411 state representatives. ([link removed])

The breakdown of chamber control after the November 2021 election is as follows:

[link removed]
In the state houses the partisan breakdown is:

[link removed]
Alec predicts that after this year’s November elections Republicans could control two-thirds of all state legislative chambers. The majority of states could have the Republican trifecta: a GOP House, Senate, and Governor.

Note , Fauci stepping down in December just before any GOP takeover of Congress.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Famerica-is-red%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Famerica-is-red%2F)
[link removed] Forward ([link removed])
4) Just When You Thought Mask Mania Couldn’t Get Any Crazier…
Some health officials are recommending to parents that they mask their children to protect them from Monkey Pox.

Huh? Monkey Pox is almost exclusively a virus that afflicts gay men.

CDC data: 99.1% of US monkeypox cases are in men, of whom 99% reported "male to male sexual contact."

[link removed]

If a school is a high-risk monkeypox setting, we suggest a criminal investigation.

The New York Times reports that some health officials: [link removed]

[link removed]
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fjust-when-you-thought-mask-mania-couldnt-get-any-crazier%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fjust-when-you-thought-mask-mania-couldnt-get-any-crazier%2F)
[link removed] Forward ([link removed])
5) Will Britain’s Next PM Be A Supply Sider?
Liz Truss, the clear frontrunner to become Britain’s next Prime Minister, has ruled out imposing new lockdowns during future pandemics.

The current Foreign Secretary told voters she privately opposed Boris Johnson’s call for lockdowns but they were “presented as a fait accompli” in Cabinet and not open for discussion. “Every single time I was given the chance to express a view I was on the side of doing less,” Truss said.

Truss has also energized grassroots conservatives by putting tax cuts at the heart of her campaign: “I will get the private sector growing faster than the public sector, with a long-term plan to bring down the size of the state and the tax burden…. including bold supply-side reform.”

Her political prospects look bright. She has a clear lead over Rishi Sunak, a former Treasury secretary, to win the Conservative balloting. And a new poll gives her a small lead over the opposition Labor Party if a new election were called in the new future.

She’s no Margaret Thatcher, but could lead Britain out of its economic doldrums.

[link removed]
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fwill-britains-next-pm-be-a-supply-sider%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fwill-britains-next-pm-be-a-supply-sider%2F)
[link removed] Forward ([link removed])
6) Graduation Day

============================================================

Know anyone else who would appreciate the Hotline? Please direct them to subscribe at: ** [link removed] ([link removed])

Have an idea for an item that should be in our newsletter? Send us any charts, statistics, heroes/villains, or humor that you’d like to see featured!
** Twitter ([link removed])
** Facebook ([link removed])
** [link removed] ([link removed])
Copyright © *2022* *Committee To Unleash Prosperity*, All rights reserved.

This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Committee to Unleash Prosperity . 1155 15th St NW Ste 525 . Washington, DC xxxxxx-2706 . USA