Industry Report Touts Oil and Gas Contributions in Minnesota Economy

A new study by the American Petroleum Institute (API) credits Minnesota’s strong economy and job creation, in part, to the abundance of affordable fuels wrought by the country’s shale boom recognized through hydraulic fracturing, also called fracking.

Read More

Commentary: The Good Economic News No One Heard About

A few weeks ago, the Census Bureau released the 2018 Income and Poverty in the United States report, but you probably didn’t see anything about it because it received scant attention in the establishment media because it reported such positive results mostly attributable to President Trump’s economic policies. Instead, what little media attention that the report received focused on a meaningless measure of income “inequality.”

Read More

Commentary: Trump’s Conservative Policies Launch Boom for Middle America

Our friend Stephen Moore, Heritage Foundation economist, former Wall Street Journal editorial board member and founder, along with Steve Forbes and Arthur Laffer, of the Committee to Unleash Prosperity, published a column in the Wall Street Journal recently with some truly amazing statistics about the Trump economic boom.

Read More

Leahy and Kellett Wonder: Why Didn’t the Democratic Debate Discuss the Economy?

On Friday’s Battleground State Report with Michael Patrick Leahy and Doug Kellett – a one-hour radio show from Star News Digital Media in the early stages of national weekend syndication roll out- Leahy and Kellett discussed last weeks Democratic debate in Houston and how the moderators avoided asking important questions.

Read More

‘The Economy is Back, Jobs are Back, and America is Back,’ Vice President Pence Tells Detroit Economic Club

President Donald Trump has revived America’s economy, and warned against electing a Democrat in 2020, Vice President Mike Pence said Monday during an appearance in Detroit.

Read More

Forgotten Founder Pelatiah Webster: America’s First Economist

by Lawrence Reed   Everybody knows who America’s first president was, but can you identify the country’s first economist? If any man or woman deserves that description, it is surely the one who wrote this and so much more: I propose . . . to take off every restraint and…

Read More

US-China Trade Dispute Triggering Production Exodus

by Joyce Huang   U.S. tech giant Apple has reportedly asked its major suppliers, mainly China-based manufacturers from Taiwan, to consider moving 15 to 30% of their production outside of China to avoid higher tariffs imposed on U.S.-bound exports. The production migration, which analysts say is already ongoing,will hurt the…

Read More

Experts: Tariffs in the Offing for India as President Trump Wages War on ‘Unfair Trade’

by Michael Bastach   The Trump administration’s decision to rescind trade preferences with India could be a sign that more tariffs are on the horizon, experts say. U.S. trade officials announced Friday the end of special trade treatment on $6 billion worth of goods from India because the country has “not assured…

Read More

China, Tariffs, Trade, Cost and Prices: An Explainer

by Rick Manning   Stock markets go up and down based upon the latest trade rumors. Predictions of price hikes make headlines, yet the inflation rate remains at the levels, 2.0 percent at last count, desired by the Federal Reserve. What is going on?  And is this even really a trade war with…

Read More

Commentary: The Win-Win Scenario of Further ‘Retaliation’ by China

by Robert Romano   On May 10, the South China Morning Post published a report, “Will China use its US$1.2 trillion of US debt as firepower to fight the trade war?” speculating that China might have potential leverage against the U.S. after President Donald Trump levied 25 percent tariffs on a total…

Read More

Lawmakers Eye a Huge Backdoor Spending Increase

US Capitol

by David Ditch   Members of Congress are promoting the concept of changing three programs from the discretionary category (requiring annual appropriations) into mandatory (auto-pilot) spending. Such changes would become a huge backdoor spending increase. Spending limits have come under relentless attack from both parties. In 2013, 2015, and 2018,…

Read More

Despite Further Talks, No US-China Deal Yet

President Trump and the vice premier of China confirmed on Thursday that while significant progress has been made, there is no new trade agreement yet between the world’s two largest economies. “We’re certainly getting a lot closer,” Trump said sitting at his desk in the Oval Office with Chinese Vice…

Read More

Former California GOP Chairman Lists Nine Ways America Is Moving Towards Socialism

by Nick Givas   Former California GOP Chairman Tom Del Beccaro listed nine ways in which America is moving towards socialism during an appearance on “Fox & Friends” Monday. Del Beccaro said increased government spending and inflated tax codes are just the beginning and claimed they’ll have a domino effect on…

Read More

At 2.9 Percent, 2018 Was the Strongest Economy Since 2005 on Growth and Jobs

by Robert Romano   President Donald Trump’s second year in office marked the strongest economic growth since 2005 at 2.9 percent, according to data compiled by the Bureau of Economic Analysis, beating every one of President Barack Obama’s years in office — for now. It was by a nose, and…

Read More

Steve Cortes Commentary: The U.S. Economy Is Proving Critics Wrong Yet Again

by Steve Cortes   The booming U.S. economy is proving the Democrats wrong yet again — liberals keep predicting a recession, but businesses just keep on hiring. According to the recently published data from the Department of Labor, nonfarm payrolls surged by 304,000 jobs in January, nearly doubling the 165,000 jobs that…

Read More

In-Depth Analysis of Trump’s Policy Proposals in State of the Union Address

by Daniel Davis   President Donald Trump delivered his State of the Union address Tuesday night, and Heritage Foundation experts weighed in with analysis of the president’s policy proposals. Here’s what they had to say. Immigration Economy Law Defense & Foreign Policy Life Energy & Infrastructure Health Care Education Immigration…

Read More

Despite Current Tariffs, the US Can Expect a Trade Deficit of $410 Billion with China

Donald Trump, Xi Jinping

by Robert Romano   Last month, China reported growth of its economy in 2018 at 6.6 percent, the lowest in 28 years. The slowdown is real enough but whether it results in a grand trade deal by the U.S. and China may depend on how much pain China is really feeling…

Read More

Leaders Skip Davos Amid Domestic Troubles, Anti-Globalist Backlash

The World Economic Forum summit in Davos, Switzerland, that wrapped up Friday, had some notable absentees, including President Donald Trump. With a backlash against a perceived ruling elite gaining ground in many countries, analysts say some leaderssteeredclear of a gathering often seen as an inaccessible club for the world’s super-rich.…

Read More

Dr. Carol M. Swain Commentary: Trump’s Heroic Efforts to Fulfill His ‘Make America Great Again’ Promises

by Dr. Carol M. Swain   With President Donald Trump about to begin his third year in office, it’s fitting to discuss what he has accomplished since his election. Although the news is currently dominated by the federal government shutdown and the conflict between Trump and Democratic leaders over the…

Read More

American Farmers Support Trump Despite Tariffs

by Tim Pearce   American farmers are sticking behind President Donald Trump despite a trade agenda that makes selling produce to foreign countries more difficult and less profitable, Bloomberg reported. The United States’s ongoing trade war with China is a primary concern for U.S. farmers that sell crops, especially soybeans, overseas. While Trump’s view…

Read More

Commentary: Contrary to Some Conservatives’ Slavish Devotion Free Trade Dogma, Trade Deficits Do Matter

by Spencer P. Morrison   Steve Hanke recently set out to prove “why President Trump’s trade message and protectionist policies are rubbish” in a Forbes article. Instead, the Johns Hopkins University economist exposed himself as a word-mincing, logic-twisting sophist – just like every other intellectual mercenary associated with the faux-libertarian propaganda mill that is the…

Read More

Trump Tax Cuts Spur Unexpectedly High State Revenues

by Evie Fordham   The Tax Cuts and Jobs Act touted by President Donald Trump is one of three reasons that at least 19 states are reporting unexpectedly high general fund revenue halfway through fiscal year 2019, tax policy expert Adam Michel told The Daily Caller News Foundation Thursday. “Trump…

Read More

Minnesota’s Economy is ‘Unimpressive’ and Heading in the Wrong Direction, Report Finds

Gov.-elect Tim Walz (D-MN) would probably disagree, but the state of Minnesota’s economy “continues to be unimpressive” and presents cause for “concern about the future,” according to the Center of the American Experiment. Minnesota’s leading think tank released its annual “The State of Minnesota’s Economy” report Tuesday, and found that…

Read More

Herman Cain Commentary: Five Things We Can Be Thankful For in the Trump Era

by Herman Cain   It’s the season of gratitude and time to take measure of the great ways we can appreciate all that we have as Americans. Here are five things that Donald Trump has done for our country, for which we can all be grateful as one nation. Historic Prosperity…

Read More

Newt Gingrich Says the Booming Economy and Personal Safety Will Keep GOP in Hunt for the House

Newt Gingrich

by Nick Givas   Former Republican House Speaker Newt Gingrich said the booming economy and a strong desire for personal safety will keep the House in play for Republicans come Tuesday. “Well look, I think the number one thing that’s relevant to the vote tomorrow is the economy,” Gingrich said on…

Read More

Analysis: White House Releases Report Outlining the Problems of Socialism

by Joe Carter   On Tuesday the White House released “The Opportunity Costs of Socialism,” a report outlining the “opportunity costs of socialism on the macro economy, including standards of living, and the impact on the Federal budget.” The following is a summary and anaysis of its findings. What is…

Read More

Larry Kudlow Shed Light On What Will Likely Be A Major Priority For Trump In 2019

by Michael Bastach   White House economic adviser Larry Kudlow said President Donald Trump is likely to make building oil and natural gas pipelines a major priority next year to meet the needs of booming U.S. energy production. A focus on pipelines would hit two aspects of Trump’s agenda: energy…

Read More

Commentary: Republicans Learning the Hard Way a Great Economy Ain’t Enough Anymore

by Jeffery Rendall   In the 2016 presidential election’s stretch run Hillary Clinton famously asked during an interview, “Why aren’t I 50 points ahead?” American voters knew the answer and shared it with the former first lady and legacy Democrat presidential candidate on Election Day. Clinton did end up a couple points…

Read More