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House Democrats’ “Economic Plan” Parrots what President Trump’s Already Doing

Democrats Are Officially Out Of Economic Ideas

Investor’s Business Daily Economics

After spending a year traveling around the country on a “listening tour,” Democrats in the House recently released an “Economic Plan” that consists of either recycled bromides or pale imitations of what President Trump is already doing.

Meanwhile, the party’s base drifts further into socialist extremism. The Democrats dilemma on the economic policy is obvious.

Under President Trump:

  • The economy is surging.
  • Optimism is at record highs.
  • The unemployment rate is at 18-year lows, and for blacks and Hispanics it’s at all-time lows.
  • Median household income is at an all-time high.
  • Worse still for Democrats, voters credit Trump for the economy’s revival after years of stagnation under President Obama.

So, best thing Democrats can say is that “things could be better.” But the party leaders don’t have any ideas to make that happen.

Steny Hoyer, the House Minority Whip, just released an economic plan that offers up ideas in only three areas where Trump has already made strides against fierce Democratic opposition — job skills, entrepreneurs, and infrastructure.

Job Training

“We must make training and education more affordable,” Hoyer says. His one concrete proposal is to expand Pell grants to include training programs.

But Trump is already pushing to close the nation’s skills gap.

Last week, he signed an executive order creating the National Council for the American Worker, which is tasked with consolidating and reforming the multitude of existing federal job training programs that together spend $17 billion for little results.

And nearly two dozen companies and trade organizations signed Trump’s “Pledge to America’s Workers” to train or retrain 3.8 million workers. Apple, Boeing, GM, FedEx, Walmart were among those signing the pledge.

The reaction from Democrats? Crickets.

Trump’s also proposed a sweeping reorganization of the federal government, which would combine the Education and the Labor Departments into a Department of Education & the Workforce. The specific goal is to direct those agencies efforts toward a common goal — expanding the supply of skilled workers.

Democratic Sen. Patty Murray (right,) attacked Trump’s reorg plan, calling it his “latest attempt to make government work worse for the people it serves.”

Of course, the best job training program around is a job, and those are plentiful in today’s booming economy.

Entrepreneur ‘Tools’

Hoyer’s plan to help entrepreneurs amounts to nothing more than a promise to provide “better and stronger tools to help entrepreneurs.” But entrepreneurs don’t need more government programs. They need government to get out of the way.

The tax cuts Republicans passed for business and the self-employed — without a single Democrat vote — are letting startups plow more of their earnings back into their own businesses, rather than to finance government “tools.”

Trump’s deregulatory push will do more to encourage entrepreneurs than anything Democrats could dream up. Which is no doubt why small business optimism is now at highs not seen since the Reagan boom of the 1980s.

Shovel Ready Jobs

As to infrastructure, Hoyer simply wants the government to spend more money on roads and bridges in the same wasteful and inefficient way it’s been doing for decades. Hoyer also calls for a “mix of public and private investment” to expand internet access and quality.

Trump has already proposed a bold $1.5 trillion infrastructure plan that would enlist the private sector to finance much of it, while cutting needless government red tape that keeps infrastructure projects bottled up for years and raises costs.

Democrats like Rep. Peter DeFazio brushed it aside as “simply another scam, an attempt to sell our nation’s infrastructure and create windfall profit for Wall Street while rolling back environmental protections.”

To his credit, Hoyer’s plan doesn’t call for repealing the Trump tax cuts or re-regulating the economy.

But the real problem Hoyer faces isn’t that he’s got nothing new to offer — It’s that his party’s base is busy embracing a socialist agenda of free health care, free college, guaranteed government jobs, and open borders.

If Democrats want to reclaim the center, they’ll need to come up with something more than offer up “Make It In America” pabulum.

The post House Democrats’ “Economic Plan” Parrots what President Trump’s Already Doing appeared first on Texas Insider.


Source: Texas Politics

House Democrats’ “Economic Plan” Parrots what President Trump’s Already Doing

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