The Good, the Bad and the Ugly

For the past eight years, the Federal Reserve Board has been the primary force behind the U.S. economy. That hasn’t worked out so well.

Now President Trump is in charge of the U.S. and its economy.

Whether that will revive the economy and make America great again remains to be seen. While the Trump presidency is still brand new, we’ve already seen more action take place that will affect the economy than we saw in the past eight years.trump_cowboy_2509705

Some of what’s taking place appears to be good. Some of it appears to be bad. And some of it appears to be ugly.

The good. Already, President Trump has signed a slew of executive orders. While we’re no fan of executive orders, every president has used them to a degree–and it was one way to make a quick impact, even before his cabinet has been confirmed.

Regulation, as we have frequently noted, has paralyzed the economy, having its greatest impact on small businesses. That President Trump is serious about deregulation is clear by what he’s done to date.

One of his executive orders requires that whenever a new regulation is approved, it must be offset by “the elimination of existing costs associated with at least two prior regulations.” The order adds that the “total incremental cost of all new regulations, including repealed regulations, to be finalized this year shall be no greater than zero, unless otherwise required by law.”

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America First, America Last and America Only

“From this day forward, it’s going to be only America first … ”

                                                           President Trump

When you hear the term “America First,” do you think of patriotic intentions and restoring America’s role as a world leader? Or do you think of anti-Semitism and isolationism?

For the liberal media, President Trump’s use of the “America First” theme during his campaign and his inaugural address is further proof that the president is a racist, jingoist barbarian.

Yes, there was something called the America First Committee, which had some members were were reputed to be anti-Semitic and pro-Nazi. It was also the world’s largest peace movement, with about 900,000 members, including prominent people such as Walt Disney, architect Frank Lloyd Wright, author Gore Vidal and poet e.e. cummings. Politically, members ranged from future President Gerald Ford to Socialist Party leader Norman Thomas.

It’s most outspoken member, aviator Charles Lindbergh, blamed Britain, Jews and the Roosevelt administration for pushing America toward World War II, so the group’s name became somewhat tarnished.

While the America First Committee dissolved shortly after the bombing of Pearl Harbor, some are criticizing the use of the slogan by President Trump because of the committee’s checkered reputation.

“It’s a rotten term that evokes the naive idiots, defeatists and pro-Nazis who wanted to appease Hitler and make friends with him before World War II,” author Susan Dunn told USA Today.

The New York Times noted that, “Mr. Trump has rejected comparisons with the earlier movement, with its taint of Nazism and anti-Semitism.”

The Wall Street Journal’s William McGurn noted, though, that Trump’s decision to return a bust of Winston Churchill to the White House demonstrates that he is not following the tradition of the America First Committee, members of which detested Churchill.

America Last

Ironically, the America First approach is, in many ways, a reaction to American isolationism of the past eight years. America pulled troops out of the Middle East, and did little to interfere with conflicts in Syria and Crimea. America lifted sanctions against Cuba and Iran, an

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