“The massive $5 trillion spend, tax and borrow bill he is steamrolling through Congress will impair American economic supremacy almost overnight. Under Trump, tax rate reductions led to a $1 trillion infusion of capital from around the world, coming back to these shores to build up our industrial might. Biden’s tax policies will have the reverse effect: deindustrialization.
We are, as a nation, now back to importing tens of billions of dollars of energy from OPEC and Russia instead of selling the hundreds of years’ worth of oil, gas and coal. Do the progressives who now run Washington really believe we are going to defeat the rising Communist China threat by building windmills? Do they think that redistributing income and wealth makes more sense than creating it?”
Think? They don’t think. They cannot – that’s why they’re socialists.