Townhall Review | Commentaries

A leaked memo revealed it is quite likely that in the Dobbs case the Supreme Court will overturn Roe vs Wade, restoring the abortion question to the voters. 

Having lost the political and now the legal debate, the abortion brigades are now trying to coerce corporations into pressuring states to ignore the will of the voters or else be punished economically by our new corporate masters. 

As an investor and also as a financial professional, let me be crystal clear to America's boardrooms: Stay out of it! You have neither the moral authority, the constitutional expertise nor the assigned role of undermining the sanctity of life. 

Every sector of our economy is currently being hurt by an aging demographic that results partly from the abortion revolution almost 50 years ago. 

Companies need to stick to the things they’re competent at—and leave the voters in the states to decide their own policies without the threat of economic blackmail. 

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The president last week was in Philadelphia at a gathering of the AFL-CIO where he said: “I don’t want to hear any more of these lies about reckless spending. We’re changing people’s lives!”

Presidents rarely, even in front of friendly audiences, raise their voice as to seem to be yelling at voters. This clip will rank alongside other memorable ones with Howard Dean’s scream—John Kerry’s “I actually did vote for the $87 billion before I voted against it,” and Barack Obama’s promise about keeping your doctor and your health-care plan if you liked them.

The main enemy today is inflation — ravaging the finances of every American family. Every single item in a grocery store gets there by truck or van. Most are wrapped or contained in plastic of some sort. Prices for fuel — whether gasoline or diesel — plastic and fertilizer are soaring—and therefore everything in that store is as well.

The president refuses do anything substantive about it—short of raising his own voice.

Our nation needs a course correction.

November can’t come soon enough.

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Joe Biden has labored mightily for the past year to blame everyone but himself for the rampant inflation plaguing America. In remarks last week, he blamed Vladimir Putin and corporate greed rather than Biden’s own energy policies. 

But Biden flat out lied about ExxonMobil, which he said “made more money than God.” Biden scolded a reporter by asking him to report “Exxon’s profits … this quarter,” and finished, “Exxon, start investing. Start paying your taxes.”

In fact, a review of ExxonMobil’s last quarterly report showed they paid a 32 percent rate on their taxable income, and spent almost $82 billion on costs and investments in the first quarter. 

Later, the Financial Times reported that Biden and his team were “shocked” to find out that capital investors were reluctant to invest in oil and gas production expansion. That is a direct result of Biden’s demonizing the American oil and gas sector for the last several years. 

 The demagoguery is cheap for Biden. It costs the rest of us plenty.
And we’re feeling it each time at the pump.

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Finally, San Francisco got a dose of much-needed good news. Radical prosecutor Chesa Boudin was recalled from office—and it wasn’t even close. Sixty percent of those voting wanted him out.
 
Boudin has been characterized as one of George Soros’s favorite prosecutors and has received generous indirect support from him. But his tenure was disastrous for the people of San Francisco. 

Among other radical policies, he ended cash bail and stopped using sentencing enhancements that kept gang members in jail. Boudin created a perverse climate. where criminals ran the streets and the law-abiding cowered in fear. 

Boudin tried to claim the recall was a Republican ploy. But GOP voters are only 7% of San Francisco’s total. This was a Democratic intraparty struggle – the moderates against the left. 

Or, perhaps more accurately, the commonsense against the crazy. And this time, commonsense won. Let’s hope it continues. 

 

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The left tells America our biggest threat comes from violent right-wing extremists. 

But that narrative’s hard to square with recent events. An armed man was arrested near Supreme Court Justice Brett Kavanaugh’s home and charged with attempted murder. 

Yet President Joe Biden still hasn’t condemned the assassination attempt, and not a single Sunday show covered it. The New York Times ran it – on page A20 below the fold. 

Likewise, pro-abortion group “Ruth Sent Us” posted the name of the school attended by the children of Supreme Court Justice Amy Coney Barrett. The group suggested protests occur there. 

Until now, threatening the safety of any public official’s children has been simply unthinkable. But again, no one on the left has denounced this deranged behavior. Are they indifferent to it, or just too afraid of their own extremists? 

Either way, it’s a big problem for all of us.

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The Alliance Defending Freedom—the top religious freedom litigator in America—is now taking on anti-religious prejudice in public corporations. Having surveyed 50 major companies, ADF found the average score is a miserable 12 out of 100. 

The new Viewpoint Diversity Score outlines precisely how companies can become beacons of tolerance and true diversity (not just the skin-deep kind) and precisely where and how companies are falling short now. 

ADF takes an engage, approach, not the popular but ineffectual,  disengage approach of boycotts and sin-screens. Identity ideologues have had the field to themselves for far too long, and ADF's new Viewpoint Diversity Score is exactly the right tool to use to challenge that monopoly. You can find at viewpointdiversityscore.org. 

Look up the companies you own or do business with, see how they're doing and then—perhaps—you can give them a serious talking to. 

Viewpoint diversity is at the heart of First Amendment free expression.

We need more of it. 

 

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We’re looking a bear market—with U.S. markets recently down as much as 20 percent. That’s twice as big a drop as it takes to qualify as a bear market. 

So why is this happening? 

Because there’s no easy way off of a bubble. During the Great Recession, the U.S. government poured truly staggering amounts of money into the financial system—and then the Covid crisis brought on another flood of new money. 

This created massive stock and bond bubbles … and along with it, inflation. The fed then faced a no-win scenario. Keep the spigots open—and see inflation worsen. Or: Shut off the tap—and watch the markets tank.

After enough bad choices, eventually things get so bad that there's no easy way out. 
 
But there is a right way out: Bite the bullet; take the pain. Reduce the money supply, break the back of inflation, and cut spending. It won't be easy, but it worked in the 1980s. It can work now. 

 

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California voted on Tuesday, June 7th, and the results shocked Democrats across the country, especially those in the C-suites of progressive political organizations, the Democratic Party, and of course, television news executives--all part of the deep blue bubble that covers Manhattan and Washington D.C. Not only did San Francisco give the boot, a big boot to progressive D.A. Chesa Boudin, it did so by the extraordinary margin of 60 percent favoring his recall. 

And: Republican Stanford Law Professor Lanhee Chen was by far the top vote-getter in the race for the State Controller job, the money watchdog. Voters are tired of scandal after scandal, wasting hundreds of billions on the West Coast. 

GOP nominee for Attorney General Nathan Hochman also won the right to contest that office. And every GOP member who sought renomination won it, including Young Kim, Mike Garcia, Michelle Steel and David Valadao. 

It was a great night for California as a Republican. It was also a very loud thunderclap for Democrats, everywhere.  The storm is coming for the open borders, no prosecution, defund the police party. Americans want the rule of law, not rules laid down by the protected and detached elites. 

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The rich may not be getting much richer in this massive inflationary wave, but the working class is most certainly getting poorer. The Associated Press and the Washington Post have both acknowledged that Joe Biden’s inflation has created an economy of haves and have-nots. 

While the White House continues to spin consumer-spending statistics, the spending patterns show increasing stratification. Wealthy households have continued to spend on luxuries, but working class Americans have been forced to look for cheaper alternatives to staples in food and clothing—or go without. Big-box retailers have had to recalculate their projections as low-income households suffer most from the erosion of their buying power.

We already knew that higher inflation levels act as a regressive tax. The latest economic data demonstrate that effect, and it also delivers a warning. The middle class is next—and in fact, is already starting to adjust purchasing decisions in light of higher prices. Joe Biden has done more to widen economic gaps than any president in the last 40 years.

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In the days since the Uvalde shooting, we’ve learned a lot about the conduct of the police in that horrific incident—none of it has been good. Officers apparently let a murderer stay inside a classroom for over an hour, as children called for help.

And as the shooter rampaged unimpeded inside the school, federal marshals actually handcuffed a Uvalde mother for trying to get her child out. Another man was tased for trying to get his child off a school bus. And yet another man who wanted to enter the school has reported that an officer ordered him to stay back and shut up.

These events highlight what seems to be a growing trend in government’s interactions with its citizens. All of a sudden, government seems all-too-willing to bully the largely law-abiding, but looks on passively as actual criminals commit real acts of evil.

It’s a morally perverse trend that needs to stop—now.

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