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Ho Ho Ho Merry Christmas. We hope you are enjoying and benefitting from the Hotline.
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|Unleash Prosperity Hotline
|1) A Great Stocking Stuffer
If you’re not signing up your friends to get the Hotline, are you really their friends? Get them the Hotline, the gift that just keeps giving.
|2) House Dems Favor $2,000 Checks
Well, it looks like tonight Santa is going to be dumping a torrent of hundred dollar bills out of his sleigh tonight.
We don’t want to sound like Grinches on Christmas Eve. But – yikes, this is getting ugly. When we said yesterday we were in favor of a Trump veto, we meant because the bill spends TOO MUCH MONEY. Now Pelosi says she agrees with Trump and she too favors $2,000 checks – which would reach nearly $10,000 for some families. Are Republicans going to be the party that gives us a backdoor Universal Basic Income, i.e. free money for every American – an idea laughed off the stage, literally, in the Democratic debates earlier this year.
This helicopter money on top of the $300 a week bonus unemployment benefits, plus the bump up in food stamps, would substantially increase unemployment and reduce output. It is an ANTI-stimulus. Adam Smith is rolling over in his grave.
|3) America The Wealth Creation Machine
Here’s something to celebrate even though this has been an awfully crappy year. Even in the face of the worst pandemic in a half century, the stock market continued to soar in 2020. The net worth of America Inc. rose by another $20 trillion or so. The V-shaped recovery in wealth is alive and well. By the way, the left thinks wealth is a bad thing. Our view is it sure beats being poor.
All bets, however, are off for 2021 when the dark ages arrive on January 20.
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