Gas Prices Just Keep Dropping

from IBD:

The Miracle of $2 Gas PricesImage result for gas prices dropping

What seemed like an impossibility just a few years ago is now a reality for many across the country: gasoline that costs less than $2 a gallon. It’s amazing for many reasons.

USA Today reports that almost one in five gas stations in the country are charging less than $2 a gallon. As many as eight states could soon have an average price of under $2, the paper said, citing data from GasBuddy.
[I thought it an interesting aside to note here that there are no less than 31 States where gas prices average at least $1.00 per gallon less than the least expensive per gallon price in California, which, according to GasBuddy is $3.371 per gallon.]

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Trump Says to End All Government Electric Subsidies

from IBD:

Trump Is Right — Subsidies For Electric Cars, Renewable Energy Must End

President Trump’s economic adviser Larry Kudlow says subsidies for electric cars and other renewable energy programs might soon be eliminated. That would be a major victory on the road to energy freedom.

National Economic Council chief Kudlow, a well-known free marketeer and supply-sider, said subsidies might disappear as soon as 2020 — interestingly, the next presidential election year. The decision comes after General Motors — the beneficiary of $2,500-$7,000 tax credits for those who buy GM’s plug-in cars, not to mention two separate corporate tax cuts — decided to close five North American plants, leaving 14,700 workers without jobs. The move infuriated Trump.

“As a matter of our policy, we want to end all of those subsidies,” Kudlow said. “And by the way, other subsidies that were imposed during the Obama administration, we are ending, whether it’s for renewables and so forth.” read more

Think Twice Before Buying DNA Test Kits

from IBD:

5 Reasons You Should Avoid Take-Home DNA Tests

The holiday shopping season is just around the corner. And millions of Americans think they’ve found the perfect gift — DNA testing kits.

It’s easy to see why the kits from companies such as AncestryDNA, 23andMe, and MyHeritage are so popular. For less than $100, folks can discover their ancestry and uncover potentially dangerous genetic mutations. About 12 million Americans have bought these kits in recent years.

But DNA testing isn’t risk-free — far from it. The kits jeopardize people’s privacy, physical health, and financial well-being. There are five key reasons Americans should think twice before buying a DNA testing kit. read more

Shocker – Obama was Wrong about Energy Production

from IBD:

New Report Shows How Incredibly Wrong Obama Was About Energy Independence

Has any politician ever been more wrong than Barack Obama was about U.S. oil production and energy independence? Based on the latest report from the International Energy Agency, the answer is unequivocally no.

On Tuesday, oil prices fell for the 12th consecutive decline. And amid that decline, the International Energy Agency forecasts that the U.S. will account for 75% of the growth in global oil production through 2025.

That’s a stunning finding that shows how dynamic the domestic oil and gas industry has become. read more

Liberals in Washington State Like Money more than a Carbon Tax

from IBD:

Climate Alarmists Suffer Huge Blow As Liberal Washington State Votes Down Carbon Tax

Environmentalists were hoping to score a huge victory in Washington state with a statewide tax on CO2 emissions. Alas, even liberals in Washington don’t believe climate change is that big a threat.

Before the election, glowing stories in the press talked about Washington “taking up the fight” on climate change after President Donald Trump dropped out of the Paris climate deal. The state would make history. It would be a “bellwether,” and would start a trend across the country.

Carbon Tax

The initiative proposed a $15 tax on each ton of carbon emissions in the state starting in 2020, with the tax rate climbing each year. It would have cost families in the state nearly $1,000 a year by 2035. read more

You Have to Pass Medicare for All to See How Bad it Is

from IBD:

Dems Won’t Tell Voters How Radical ‘Medicare For All’ Is

Remember when Republicans said that ObamaCare was designed to fail so Democrats could push “single payer?” That was called conspiracy mongering. But guess what? ObamaCare is failing. And Democrats are now pushing “Medicare for All” as the solution.

Trouble is, Democrats aren’t telling voters anything about what “Medicare for All” means. Probably because the plan would be the most radical socialization of health care on the planet.

Everyone from New York socialist Alexandria Ocasio-Cortez to Texas Senate candidate Beto O’Rourke has called for “Medicare for All.” So far, 123 congressional Democrats and 16 Democratic Senators have co-sponsored “Medicare for All” bills. read more

Progressive Judge Legislates from the Bench

from IBD:

Anti-Trump, Far-Left California Judge Shows Why Judicial Nominations Matter

A federal judge in — where else? — California has ruled that the U.S. can’t send temporary refugees back to their countries because, basically, he doesn’t like President Trump. In doing so, he’s shown why both elections and judicial nominations matter.

Federal Judge Edward M. Chen is a classic President Obama appointee to the bench. A legal leftist from the University of California, Berkeley, his first years in practice were spent as a staff lawyer for the ACLU.

His credentials from then on out remained impeccably progressive, all the way until Obama named him to the federal bench.

This week, Chen ruled that the Trump administration’s decision to return 262,000 people back to Haiti, El Salvador, Nicaragua and Sudan who were here under Temporary Protected Status (TPS) was somehow illegitimate because, in Chen’s opinion, Trump is racist. read more

Imagine That – Americans Don’t Trust the Main Stream Media

from IBD:

Americans Can Agree On One Thing At Least — The News Media Sucks

The mainstream press might want to spend less time complaining about President Donald Trump’s attacks on them and more time doing a better job. A new survey shows that a substantial majority of Americans think the press is biased, unreliable and out of touch.

The Pew Research Center surveyed more than 5,000 Americans — which is a huge number for such polls — to gauge their views on the mainstream news media. read more

Government Still Spending Like Drunken Sailors

My apologies to drunken sailors!

from IBD:

No, Tax Cuts Are Not Driving Deficits — It’s The Spending, Stupid

Are President Trump’s massive tax cuts what’s driving federal deficits upward. Everyone says so. But, it’s not true. It’s just a way for lawmakers to distract the public while they crank up the spending machine. Just like the Senate did this week.

Earlier this week, Trump’s top economic advisor, Larry Kudlow, gave a talk at the Economic Club of New York in which he said that tax cuts aren’t to blame for deficits.

“People are quick to blame deficits on tax cuts, but I don’t buy that,” he said. “The gap is principally spending too much.” read more

Bernie Sanders is a Wealth of Bad Ideas

from IBD:

Bernie Sanders Wants Jeff Bezos To Pay For The Welfare State — What Could Go Wrong?

Bernie Sanders, who never held a steady job until he started getting paid by taxpayers, thinks Amazon should pay its workers more. And if it doesn’t, he wants to tax Amazon for each “underpaid” employee, to finance government benefits. Even Bernie’s friends think he’s off the rails.

Sanders, never one for subtlety, calls his new bill the “Stop BEZOS Act.” It would impose a tax on each worker employed by any company that hires more than 500 people. The tax would cover 100% of the cost of whatever federal benefits those workers or their families might also be getting. read more