Paul Krugman: “The Trump Economic Team Is Shaping up as a Gathering of Gold Bugs”

Paul Krugman tweets:

That tweet is part of a recent series by Prof. Krugman divining glints of gold in the company of Donald Trump. He predominantly focuses on one of Trump’s appointments, Rep. Mick Mulvaney (R-S.C.) for Office of Management and Budget (OMB).

Krugman astutely points out that Mulvaney once observed that the Federal Reserve has “effective devalued the dollar” — hard to argue with when the dollar has lost 85 percent of its buying power since Richard Nixon closed the gold window in 1971 — and “choke[d] off economic growth.” This is also hard to argue with after 16 years of booms and busts that have left the average US growth rate at about half of its historic trend line for that dreary epoch.

Krugman does not furnish evidence that Rep. Mulvaney has endorsed the gold standard. One can but hope his inference is well grounded.

Exhibit B for his tirade is contained in a tweet referencing investor John Paulson, reportedly close both to the treasury secretary designate Steve Mnuchin and Donald Trump himself. Paulson had recently been invested heavily in gold before slashing his position this year.

My research has not revealed any evidence that John Paulson is a gold standard advocate, affectionately known as a “gold bug.” The record shows Paulson to be an active speculator in gold who has, on balance, done well for his fund thereby. Continue Reading

Trump White House Strategist Steve Bannon, Judeo-Christian Champion: “This Is a Revolution”

Steve Bannon (photo credit: Don Irvine via Flickr, CC BY-SA 2.0)

The progressive elites and the mainstream media expended massive black ink, hot air, and billions of scarce pixels defaming Trump campaign CEO, now White House strategist, Steve Bannon. A fascinating presentation to a 2014 Vatican gathering puts Bannon in an entirely different light.

Bannon’s presentation recently was transcribed and published by BuzzFeed (and recently, also, noted in passing and quoted in part by The Washington Post). Bannon’s own words show him to be an eloquent and learned humanitarian with deep compassion for working people.

His virulent detractors owe their readers a correction and Bannon an apology.

BuzzFeed:

[Bannon’s] remarks — beamed into a small conference room in a 15th-century marble palace in a secluded corner of the Vatican — were part of a 50-minute Q&A during a conference focused on poverty hosted by the Human Dignity Institute, which BuzzFeed News attended as part of its coverage of the rise of Europe’s religious right. The group was founded by Benjamin Harnwell, a longtime aide to Conservative member of the European Parliament Nirj Deva to promote a “Christian voice” in European politics. The group has ties to some of the most conservative factions inside the Catholic Church….

Bannon prefaced his remarks:

I want to talk about wealth creation and what wealth creation really can achieve and maybe take it in a slightly different direction, because I believe the world, and particularly the Judeo-Christian west, is in a crisis.

Continue Reading

McCrory May Have Lost in North Carolina, But HB 2 Didn’t

Photo credit: Intel Free Press via Flickr (CC BY-SA 2.0)

Frank argued quite persuasively last week that it wasn’t House Bill 2 itself that doomed North Carolina’s Gov. Pat McCrory in his reelection bid, but rather the overwhelming negative publicity dumped on the state by the left-leaning media and corporate-entertainment-sports complex.

But while Democrats and their allies were busy outspending McCrory in the governor’s race by nearly $8 million, Republicans continued to rack up victories in the state legislature. In fact, of the 89 GOP state legislators running for reelection who voted for HB 2, only two lost their seats to Democrats. And the Republican Party as a whole maintained its super-majority control in both chambers, making it very unlikely that HB 2 will be repealed despite Roy Cooper’s victory.

So, to recap: after spending millions of dollars and creating a fake economic crisis in North Carolina, the Left was able — just barely — to unseat Gov. McCrory while still losing seats overall in the state legislature, all but guaranteeing that the object of their hatred, HB 2, won’t be going anywhere. That doesn’t seem like much of a win to me.

Terry Schilling is the executive director of American Principles Project. Continue Reading

McCrory Didn’t Lose Because HB 2 Was a “Social Issue”

North Carolina Gov. Pat McCrory (photo credit: NCDOTcommunications via Flickr, CC BY 2.0)

Today, North Carolina’s Republican Gov. Pat McCrory announced he would be conceding the state’s gubernatorial race to Democratic Gov.-elect Roy Cooper, bringing an end to several weeks of recounts and investigations into alleged cases of voter fraud.

Despite his defeat, conservatives should applaud Gov. Pat McCrory for standing up for what is right. He refused to back down from corporate bullies and progressive lynch mobs, and because of his steadfastness, he became Public Enemy Number Two this election cycle for the Left. Ultimately, they got their scalp only by the narrowest of margins.

While McCrory’s defeat is disappointing, there are several positives to take away from the North Carolina governor’s race for conservatives:

1.) McCrory came very close to winning despite being outspent by nearly $8 million. He was less than 10,000 votes away from withstanding an outright blitzkrieg of hate from corporate America, the sports-entertainment complex, and Hollywood celebrities.

2.) Make no mistake, the Left recognized that they couldn’t defend Charlotte’s radical ordinance on its merits. Instead, they turned HB 2 into an economic issue by convincing elite corporations, sports leagues, and celebrities to punish the state of North Carolina for protecting the privacy of young girls. This branding effort, which focused on the consequences of keeping HB 2 amidst blackmail from corporate and entertainment elites, created a phenomenon where HB 2 became toxic to a majority of voters, while voters still supported the substance of HB 2. Continue Reading

President-elect Trump: Honor Phyllis Schlafly by Picking a Secretary of Education She’d Endorse

Phyllis Schlafly (photo credit: Gage Skidmore)

On election night when it became apparent that we were witnessing a truly remarkable and historic event, one great, American patriot came to mind — the late, conservative icon Phyllis Schlafly, who passed away this past fall at the age of 92.

Lost in the media coverage since is the fact that it is Phyllis Schlafly, yet again, whom Americans have to thank for the biggest political upset since the election of Ronald Reagan. As if already being “regarded as one of the two or three most important Americans of the last half of the 20th century” (as described by one of her foes, no less) and having “plant[ed] the seeds of a conservative revival” that ultimately led to the Reagan revolution weren’t enough, Mrs. Schlafly outdid herself one last time.

Undeterred by old age, right up until her death, Phyllis was still hard at work for the country she loved. Her early March endorsement of Donald Trump not only handed him a victory in the Missouri primary, but more importantly it gave him the stamp of approval necessary to be seen as a serious and viable candidate amongst countless conservatives, including this one. It’s fitting that Schlafly’s final book, The Conservative Case for Trump, happened to be released on the eve of her passing.

Phyllis’s support of Donald Trump, however, did not come without a cost and without great personal sacrifice. It caused a bitter and divisive firestorm within her organization, Eagle Forum, and within her immediate family. Continue Reading

The Real Steve Bannon Revealed!

Steve Bannon (photo credit: Don Irvine via Flickr, CC BY-SA 2.0)

A marvelous interview with Donald Trump’s chief strategist Steve Bannon has suddenly appeared in, no less, The Hollywood Reporter: Ringside With Steve Bannon at Trump Tower as the President-Elect’s Strategist Plots “An Entirely New Political Movement” (Exclusive).” It is a perfect antidote to the McCarthyite insults being heaped on Bannon by the elitist left and its handmaiden, the mainstream media.

Bannon is a provocateur. No sin in that; the left has a plethora of provocateurs.

By every account he is an open-minded, generous (albeit demanding) soul. The media’s efforts to smear him are the most shameful application of “Tailgunner Joe,” guilt-by-association tactics seen since the days of the House Un-American Activities Committee. Wolff quotes Bannon:

“I’m not a white nationalist, I’m a nationalist. I’m an economic nationalist,” he tells me. “The globalists gutted the American working class and created a middle class in Asia. The issue now is about Americans looking to not get f—ed over. If we deliver” — by “we” he means the Trump White House — “we’ll get 60 percent of the white vote, and 40 percent of the black and Hispanic vote and we’ll govern for 50 years. That’s what the Democrats missed.”

Wolff goes on to observe:

Breitbart, with its casual provocations — lists of its varied incitements … were in hot exchange after the election among appalled Democrats — is as opaque to the liberal-donor-globalist class as Lena Dunham might be to the out-of-work workingman class.

Continue Reading

The Transition So Far: Splendid!

Donald Trump (photo credit: Gage Skidmore)

Beginning with the joint appointment of Reince Priebus as chief of staff and Steve Bannon as chief “strategist,” the Trump administration has been signaling two things:

1) He’s not going to abandon the outsiders who voted him into office, no matter how much stuff the media makes up about them, and 2) it’s going to include establishment full-spectrum conservatives (especially those who value the life issue).

Today’s announcement of Sen. Jeff Sessions (R-Ala.) as Attorney General is another great indicator. The media had tried to portray this as a race between pro-choice Rudy Giuliani and Chris Christie (whose record on religious liberty, parental rights, and judicial appointments leaves a lot to be desired).

Behind the scenes insiders told me it was a race between Sessions and Christie. With Christie removed from the transition team and Rudy taking himself out of the race, the path for Sen. Sessions to run the president’s legal team was cleared.

As APP’s president Frank Cannon said:

On life, education, religious freedom, sound money — really, across the board — Senator Jeff Sessions has proven himself to be an advocate for the Constitution and for the hard-working people of this great nation. We expect he will do an excellent job as Attorney General.

Through the quality of the people he is bringing on board, President-elect Donald Trump is demonstrating, in quick order, that he intends to end business as usual in Washington and truly make America great again. We applaud this appointment and look forward to Donald Trump’s presidency.

Continue Reading

Ignore the Spin: Liberal Bullies Failed in North Carolina

Photo credit: Mr. TinDC via Flickr (CC BY-ND 2.0)

The spin has begun from the results of the North Carolina governor’s race. Even as the votes are still being counted, the Atlanta Journal-Constitution is suggesting that Governor Pat McCrory’s tight re-election race should warn Georgia officials against pursuing religious-freedom legislation in the 2017 session. This conclusion, though entirely predictable coming from the AJC, isn’t supported by the facts.

McCrory catapulted into the national spotlight last spring by signing a bill protecting the privacy of women and girls in taxpayer-funded restrooms. This thoroughly unremarkable action provoked the rage of wealthy radical interests from outside the state, who vowed to pull out all stops to defeat him in his re-election bid.

McCrory currently trails challenger Roy Cooper by a paper-thin margin, a few thousand votes, after 70,000 votes belatedly appeared from liberal Durham County. (The media had predicted McCrory would lose by several percentage points. Oops.) Results won’t be known until all provisional, military, and absentee ballots are counted, and there are more than enough votes there to erase Cooper’s tiny lead. But regardless of which way the election tilts, there is no basis for claims that McCrory’s action to protect privacy either hurt the state or violated the wishes of North Carolinians.

Despite the propaganda, North Carolina’s economy is humming along quite nicely. The state has welcomed dozens of new companies even since the privacy controversy erupted in the spring of 2016. In fact, other than PayPal, pretty much the only enterprises that have chosen to punish the state for exercising common sense are taxpayer-funded sports events, aging musicians, and leftist Hollywood types looking to make a political statement. Continue Reading

The Three Most Important Takeaways from the 2016 Election

Donald Trump at a campaign rally in Phoenix, Ariz. (photo credit: Gage Skidmore)

On March 3, 2015, as the early stages of the Republican presidential primary campaign were just getting under way, our team launched ThePulse2016.com to keep readers like you up to date on the latest developments in the 2016 election. Now, just over 20 months since that day, the 2016 election has finally come to a close.

In those 20 months, the race has taken twists and turns none of us could have expected. From a deep field of well-known Republican political leaders emerged an outsider candidate — Donald Trump — who, although not initially taken seriously, was able to speak to the concerns of many voters in a way no other GOP candidate could. And after shocking the political world by winning the Republican nomination, he pulled off an even bigger upset — overcoming the well-funded and well-organized Democratic election machine and defeating heavy favorite Hillary Clinton.

So, as the country slowly comes to grips with Tuesday night’s results, what can be learned from the events which have transpired over the last 20 months? How should we move forward after such an intensely divisive and emotionally draining campaign? Here are three suggestions:

1.) The Republican Party Needs to Reunite

Although things might seem all fine and dandy after last night’s victories, there’s really no avoiding the underlying reality: the post-Trump GOP is a fractured party.

Some division was to be expected after such a long, spirited primary as we saw earlier this year. Continue Reading

Should Christian Couples Lose the Right to Adopt Because They Believe a Child Needs a Mom and Dad?

A disturbing story from Great Britain: a Christian foster couple who by all accounts had lovingly cared for foster children was asked by social workers to help prepare the children for living with a same-sex couple. They expressed concerns about this because the children were looking forward to having a new mummy.

And then they applied to adopt the children themselves. Social workers denied the application because they judged the couples’ beliefs detrimental to the long term interests of the child.

This is not the first such case. Several years ago, I went to the U.K. to interview a loving Christian couple who were denied a license to foster 5-8 year old children because they could not affirmatively tell children gay sex is good.

You can watch their story below. These are the faces of the new victims of an ideology that believes it is better to deny children love from people like this:

I have to note the author of this piece is herself pro-gay marriage but disturbed by the actions of the social workers. Thank God for decent liberals.

Maggie Gallagher is a senior fellow at the American Principles Project and can be followed on Twitter @MaggieGallaghe. Continue Reading