Letter to the editor: End of our economic exuberance

This letter is in two parts. The first is allegorical, the second factual.

The first part is a parody on the current Democratic assemblage compared to an NFL team. The Washington Fumblers are misfits and scrubs led by a former assistant coach who served under a head coach who never had a winning season. This Democratic team performs in an environment comparable to the NFL’s, i.e., a lot of trick plays, no fans and dubbed-in applause. Since the former head coach never had a winning season (as measured by an annual growth rate of 3% GDP), why expect improvement when the same old coaching staff, playbook and misfits are reactivated?

To give you a preview of what not to expect, I present the following information from David Horowitz’s “Blitz.” During a PBS town hall, President Barack Obama commented on President Trump’s promise to bring back manufacturing jobs. “Well, how exactly are you going to do that? There’s no answer to it. What magic wand do you have?” Apparently Trump found one. During his first 30 months, 499,000 manufacturing jobs were created.

Trump scaled back federal regulations that were choking business investment. He withdrew the U.S. from the Paris climate accord. He signed a record tax cut. He lifted restrictions on fossil fuels. The unemployment rate dropped to 3.5%. The stock market rose $8 trillion in 2½ years. He raised median income more than $4,144 when tax cuts are figured in.

We had our brief period of economic exuberance. It’s time to don our masks and return to our basements.

Jack Bologna

Parks