“I fear nothing when I am right. Whoever pushes me around will find me full of fight. I fear nothing when I do nothing wrong. So I toddle on my way and sing a merry song.”
– Jack and the Beanstalk
Jack and the Beanstalk is an English fairy tale about a young boy and his mother living on a farm whose only source of income is the milk they can sell from the cow. When the cow stops giving milk, Jack's mother tells him to sell her to the butcher. Along the way, Jack encounters a gypsy who offers to trade a bag of magic beans for the cow. Jack, an adventurous lad, figured this would be a better deal since it was an investment. But when he arrived home with the bag of beans, his angry mother snatched the bag and tossed it out the window. Jack was sent to bed without dinner.
“The harsher the punishment for the innocent, the greater the reward when vindicated.”
– Charles Moss
But Jack’s faith in the magic beans proved judicious. He awoke the next morning and peered threw his window and saw a gigantic beanstalk had grown overnight in the pasture. Jack jumped out of bed and saddled the beanstalk and climbed to the very top. It was there he discovered a castle with treasures beyond his vivid imagination. After a myriad of misadventures with the owner, a not so gentle giant, Jack steals a bag of gold coins and escapes down the beanstalk. Jack is the moral protagonist who took back the money from the evil giant who terrorized the common folk and had stolen from them.
“No trait is more justified than revenge in the right time and place.”
– Meir Kahane
Throughout the years, different versions of this tale have been published and revisions made to facilitate the author’s moral interpretation. But the underlying fact within is Jack did not sell the cow for a few dollars but had the insight to turn it into an investment. Jack saw the forest through the trees and the investment paid off. The moral is selling the cow is a quick-fix but soon you run out of money. Planting the seeds and keeping faith as they grow is the long term solution.
“The key to everything is patience. You get the chicken by hatching the egg, not smashing it.”
– A. H. Glasow
When Donald Trump campaigned to blue collar America that he was going to create jobs, put money in their pockets, and provide them with opportunity to improve their standard of living, he was not just whistling Dixie. More than a year into Trump’s presidency, it is a fact that workers, investors, business owners and CEOs alike are mired in an era of economic optimism.
When President Trump entered office, he inherited an economy that was growing at one and a half percent. The Obama economy never achieved 3 percent growth during the last decade. Today, it is already up to 3.5 percent and growing like Jack’s beanstalk on plant steroids.
“Nothing we want for our future is beyond our reach.”
– Donald Trump
Beneath the negative bellyaching from the far left and their media bedfellows, over the last year the economic barometer has been moving up like “The Little Engine That Could.” There’s been a slow steady recovery going on that nobody on the progressive side of the aisle dares to talk about since it is due to Trump’s faith in the free market. And this has taken place without nary a tax cut. Even CNN is predicting as much as 4 percent growth next year, which we haven’t seen in 15 years. Obama’s promise of a 4 percent increase in GNP throughout his reign was a bust. After a decade of progressive malaise, Trump’s hands off the free-market strategy of regulation, and taxes, is beginning to make sense to everyone but the far left.
“Never trust the man who turns his back to the truth.”
Milton Freeman said: “Every time you tax something, you end up with less.” But you can’t persuade a progressive of that. To them, tax cuts are a greater fear than the Red Scare in the 50s, and they are still hiding their heads in their bomb shelters. Since Trump was elected, the market is up 30 percent, which benefits the wealthy and the small investors as well as those with retirement accounts. Even the brokerage account statements from those on the far left are bulging like the tummy of the fat lady in the circus. As they cry foul and squeal, Trump is playing Robin Hood, they are hoarding their money like Scrooge at Christmas.
“The point is that you can't be too greedy.”
– Donald Trump
The corporate tax cuts not only hit people’s paychecks, but their benefit packages and bonuses. As soon as they were announced, corporate America reacted as if they had just found the bag of gold atop the beanstalk! At Starbucks 150,000 hourly wage workers are getting $250 million in benefits. This includes pay increases, stock grants and paid sick leave. And let us not forget they hail from the progressive wonderland of the northwest. Corporate officers admitted these new compensation packages are a direct result of the GOP tax overhaul. In a recent press release, Starbucks painfully revealed the Trump tax cuts are encouraging them to reinvest more in the U.S.
“In the end, you're measured not by how much you undertake but by what you finally accomplish.”
– Donald Trump
CVS pharmacy raised the starting pay of its hourly workers by $2 in April. Their full-time employees will now qualify for four weeks of paid parental leave. They credited Congress’ tax overhaul, which cut the corporate tax rate for businesses down to 21 percent from 35 percent. This gave them excess capital to bolster employee benefits. They will be investing more than $425 million a year including pay raises and improved benefit packages. They also plan to invest $275 million in technology, training and new pilot programs. And no workers enrolled in the company healthcare plan will pay a dime more for their benefits. And who said ...
“Politicians can't manage. All they can do is talk?”
– Donald Trump
Home Depot’s hourly employees won’t be left out either. Not only will they be receiving overdue fatter pay envelopes, more will be receiving bonuses of up to $1,000. The company also plans to increase benefits across the board for all employees full and part time. And Walmart, the nation’s largest employer and a business everyone loves to hate, is raising its starting wage to $11 an hour and handing out $400 million in bonuses of up to $1,000 to over 1 million workers. All workers will be receiving 10 weeks of paid maternity leave and six weeks of paid parental leave. Trump’s economic plan so far is working.
“We will bring back our wealth. And we will bring back our dreams.”
– Donald Trump
Donald Trump told us, “It's always good to be underestimated.” While critics from both parties were chastising him as a political misfit for his in-your-face approach to governing, it is hard for any of them to criticize his economic success. Although the far left is complaining Trump is giving away their dollars to big business, they are not complaining about the ever-increasing amount of dollars in their piggy banks. If they are so unhappy with Donald Trump and the magic he worked with the beans he planted to grow the economy like Jack did his beanstalk, why not give him back the money?
“I think the big problem this country has is being politically correct.”
– Donald Trump
Republicans and Blue Dog Democrats alike, such as Ronald Reagan and JFK, have bet the farm on tax cuts as incentives for business to invest in our economy; and it has worked well. Trump is unapologetically pro-American business. Love him or hate him, Trump is cultivating the American soil and planting the seeds for our economy to grow, just as Jack did with his magic beans; and the results speak for themselves. By rekindling the magic of the free market, we have entered an era of economic growth even Jack would be proud of.
“I have made the tough decisions, always with an eye toward the bottom line. Perhaps it's time America was run like a business.”