Democrats in denial as Trump triumphs
With just a few days left in 2017, President Trump has signed the tax legislation that marks his first major legislative victory since becoming president. It is undoubtedly his biggest achievement to date, but it is by no means the only one. After two consecutive quarters of over 3% GDP growth, the New York Fed is now predicting a fourth-quarter rate of 4%. It is worth remembering here that no less an authority than the Congressional Budget Office (CBO) predicted economic growth of 2.2% in 2017, 2% in 2018, and 1.5% thereafter.
Democratic pundits have long ridiculed as utterly impossible Trump’s election promises of 3% growth. Add to this the lowest unemployment rate (4.1%) in 17 years, 1.7 million new jobs, 12 new conservative appeals court judges appointed (versus three judges for Obama in his first year), and 22 regulations rolled back for every new one introduced, and you have an impressive conservative achievement even before the tax cuts legislation, which explains the huge stock market gains and the unprecedented business optimism across the land.
On that background, it is unprecedented but not surprising that, for the first time ever, not a single Democrat voted for the tax cuts that in the past had often been a bipartisan issue. In the last great tax reform by Ronald Reagan in 1986, for instance, 33 Senate democrats and 41 Republicans voted to pass the measure. This, then, is the crux of modern American politics, and it explains not only what happened over the past year, but what’s likely to happen over the next few years.
Stated simply, American politics has become much more ideological on both sides of the spectrum. There are very few liberals left in the GOP and few if any moderates still in the Democratic party. The change has been particularly profound in the Democratic Party. From a party with strong roots in the white working class and the South, it has been transformed into a crypto-socialist party that professes anti-American tribalism, dubbed “identity” politics, as its guiding ideology and subscribes wholesale to the anti-market and anti-private property verities of the hard-left environmental movement, whose main if not only ambition is to destroy capitalism. This to the absurd point where President Obama declared “global warming” the greatest strategic threat facing the United States.
This explains the sad transformation of the Democratic Party, but it does not account fully for the visceral hatred Democrats feel for Donald Trump. To understand that, we need to go back in politics a decade or so. …