Trump

Tear Down This Wall, Too

By David Stockman  |  December 21, 2018

All in all it’s just another brick in the wall
All in all you’re just another brick in the wall

– Pink Floyd, “Another Brick in the Wall, Part 2” (1979)

It’s almost impossible not to cheer when the Donald goes nose-to-nose with Nancy Pelosi and Chuckles Schumer.

That smackdown a couple weeks ago is just a preview of what’s to come over the next couple years.

It goes to the next level on January 3, 2019. That’s when the 116th United States Congress meets in Washington, D.C. And Democrats are in control of the House of Representatives.

Indeed, it’s time to consider the implications of the presidential line of succession, as the Deep State ties Mike Pence, too, to “Russiagate”…

What kind of coup will we call it should Citizen Nancy – who just won back Speaker of the House – get the Oval Office?

“Leviathan” is crushing Flyover America. And it’s the product of decades of San Francisco-style-statist policies. And that’s the reason the Donald won in November 2016.

But the Donald has to choose his battles. And there’s one thing more wrongheaded than “President Pelosi,” Senator Schumer, and their Big Government aggrandizement along the Potomac right now…

That’s the Donald’s misbegotten Border War and the “shutdown” that look likely, at this hour, to come with it.

It boils down to a few simple but critical facts…

The U.S. desperately needs labor-force growth. But the native born population has long ago defaulted when it comes to the work of baby-making.

During the years through 2035, in fact, the native-born labor force will shrink by more than 8 million workers. And this is the very time the massive Baby Boom retirement tsunami hits entitlement rolls.

Building a Mexican Wall, deporting long-time-resident but undocumented workers, and demagoging “illegal aliens” is just not a good use of time and resources.

Consider…

Last year the feds conducted a huge raid on about a hundred 7-Eleven convenience stores across 17 states. Upwards of 1,000 U.S. Immigration and Customs Enforcement agents and support personnel stormed these bottom-of-the-barrel emporiums.

ICE snared 21 suspected “illegals.” And billions of pixels burned to herald Trump’s crackdown on this existential threat to America…

Folks, there’s nothing more anti-free market, anti-jobs, and anti-prosperity than these kinds of bully-boy raids by perpetrated by the state against private commerce.

Given the economic challenge we face, Imperial Washington should be about implementing a giant “guest workers” program, ending the War on Drugs, and quieting the mayhem on the U.S.-Mexico border.

That requires, of course, debunking threadbare anti-immigrant myths that have taken the Trumpified GOP to the dark side.

I’m all in for “The Donald Versus Nancy, Chuckles, and the Rest of Our Shitty Duopoly.”

But this idiotic Border War is no way to MAGA.

A Letter and a Model for Tidings Like These…

Markets surged at the open this morning on positive economic data… the Dow Jones Industrial Average surged by almost 400 points before noon… and then it was out to lunch.

We’re down almost 200 points at 1 p.m. EST. That’s a 600-point swing, so far…

Markets are corrupted by monetary central planning. They’re confused. And the road back to “normal” is going to be treacherous.

We’re looking at a major re-pricing for all financial assets. And 600, 800, and 1,000-point intraday or day-to-day swings are part of that equation. Those can be frightening… for “buy and hold” investors.

I have a different approach, one that combines strategy and tactics into a plan flexible enough for you to survive and thrive amid the coming chaos. It’s called “The Stockman Model.”

All we’re after is a little stability, perhaps a chance to pocket a windfall when opportunity presents…

Sincerely,

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David Stockman

Former White House Budget Director: 50% Crash Coming!

The horrible start to October has investors on high alert. This market bubble – inflated by the Fed’s low interest rates and Republican tax cuts – may have finally run its course.… Read More
David Stockman

David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan.MORE FROM AUTHOR