{"id":1513092,"date":"2022-06-13T08:05:55","date_gmt":"2022-06-13T12:05:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1513092"},"modified":"2022-06-13T08:06:15","modified_gmt":"2022-06-13T12:06:15","slug":"now-would-be-a-great-time-for-the-real-fiscal-conservatives-to-stand-up","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/now-would-be-a-great-time-for-the-real-fiscal-conservatives-to-stand-up\/","title":{"rendered":"Now Would Be A Great Time For The Real Fiscal Conservatives To Stand Up"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnow-would-be-a-great-time-for-the-real-fiscal-conservatives-to-stand-up%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1513092&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/burning-money-gd4358be69_1280.jpeg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>President Joe Biden recently took to the pages of the Wall Street Journal to <a href=\"https:\/\/www.wsj.com\/articles\/my-plan-for-fighting-inflation-joe-biden-gas-prices-economy-unemployment-jobs-covid-11653940654?mod=opinion_lead_pos5\">explain his plan<\/a>: spend more money, raise taxes, and let the Federal Reserve go on doing what they\u2019re doing. As Federalist Senior Contributor Christopher Jacobs <a href=\"https:\/\/thefederalist.com\/2022\/06\/06\/why-joe-bidens-inflation-plan-will-only-make-americans-more-miserable\/\">argues<\/a> about Biden\u2019s plan, \u201cAt best, the political messaging behind Biden\u2019s \u2018plan\u2019 would do little to solve Americans\u2019 pain. More likely, it would make the problem worse.\u201d<\/p>\n<p>This was followed up by the White House Press Secretary Karine Jean-Pierre <a href=\"https:\/\/www.realclearpolitics.com\/video\/2022\/06\/07\/white_houses_jean-pierre_the_economy_is_in_a_better_place_than_it_has_been_historically.html\">assuring skeptical reporters<\/a> that the U.S. economy is in a \u201cgood position.\u201d When confronted with so much evidence suggesting otherwise, Jean-Pierre insisted the real issue was mostly people\u2019s lack of confidence. This was the line that Fortune Magazine also took with its <a href=\"https:\/\/fortune.com\/2022\/06\/04\/what-causes-a-recession-consumer-confidence-sentiment-inflation\/amp\/\">recent article<\/a>, \u201cWhat Causes a Recession? Maybe It\u2019s You and How Grumpy You Are About the Economy.\u201d<\/p>\n<p>Of course, this is ridiculous. As it stands, Americans \u2014 particularly millennial Americans trying to buy property, start their families, and save for retirement \u2014 are feeling the pinch from all directions. Inflation has <a href=\"https:\/\/www.foxnews.com\/media\/tucker-carlson-inflation\">basically given everyone what feels like a 30 percent pay cut as well as eliminated 30 percent of their savings<\/a>. <\/p>\n<p>House prices have also <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-08-12\/home-prices-in-the-u-s-soar-23-the-fastest-rate-on-record\">skyrocketed to more than twice their value<\/a> in the past few years, particularly here in North Texas. Meanwhile, gas prices continue to climb as stations use the \u201c<a href=\"https:\/\/www.fox29.com\/news\/annual-switch-to-summer-blend-gasoline-will-make-prices-balloon-again-experts-say\">summer-blend<\/a>,\u201d leaving many people little choice except to wallow at home and use as little air conditioning as possible.<\/p>\n<p>Although economists and conservatives tend to <a href=\"https:\/\/amgreatness.com\/2022\/06\/05\/no-one-knows-how-to-tackle-inflation\/\">go into the weeds about the causes<\/a> for the current economic malaise, this really isn\u2019t a mystery. Too much government spending <a href=\"https:\/\/www.economicshelp.org\/blog\/2731\/economics\/impact-of-increasing-government-spending\/\">resulted in the Fed producing more dollars<\/a>, which in turn devalued the currency. <\/p>\n<p>Added to this are <a href=\"https:\/\/thefederalist.com\/2022\/04\/16\/biden-raises-cost-of-domestic-oil-production-with-new-order-on-federal-leases\/\">federal regulations that squelch oil production<\/a>, making everything more expensive to create, operate, and transport. Finally, concerning the property shortage, this is <a href=\"https:\/\/www.theamericanconservative.com\/urbs\/a-housing-agenda-for-conservatives\/\">worsened again with federal regulations<\/a> that make it harder to produce houses for middle and working-class families.<\/p>\n<p>Since these are the causes for today\u2019s economic dysfunction, the solutions should be straightforward: cut spending, stop producing more dollars (if possible, the Fed should burn them in a bonfire <a href=\"https:\/\/www.youtube.com\/watch?v=JVL3Kz_x2MA\">like Heath Ledger\u2019s Joker<\/a>), lower taxes, encourage domestic energy production through regulation and subsidies, and stop trying to<a href=\"https:\/\/www.nationalreview.com\/corner\/biden-and-dems-are-set-to-abolish-the-suburbs\/\"> turn growing suburbs into urban hellscapes<\/a>. Once those things are done, political leaders can tend to the other details that affect the economy like interest rates, taxes, tariffs, immigration, and entitlement spending.<\/p>\n<p>Yet what leader is really saying anything practical about any of this? As Biden\u2019s op-ed indicates, Democrats seemed poised to double down on failed policy, spending profligately, curbing energy production, and devising ever more regulations to accommodate protected minority groups. Even if this proves disastrous for the middle class, it works just fine for the <a href=\"https:\/\/www.city-journal.org\/elites-against-western-civilization\">progressive clerisy<\/a> who profit from this and their constituent serfs who don\u2019t have to pay for it directly.<\/p>\n<p>Republicans running for office largely confine themselves to reacting to the latest leftist outrage until their inevitable victory in November. They seem far more interested in discussing anything \u2014 Ukraine, gun control, Pride month \u2014 than the economy. And judging from current GOP lawmakers\u2019 willingness to approve spending <a href=\"https:\/\/www.foxnews.com\/politics\/senate-passes-ukraine-funding-40-billion-11-republicans-vote-against\">$40 billion for corrupt countries like Ukraine<\/a> and <a href=\"https:\/\/amgreatness.com\/2022\/05\/30\/no-senate-republicans-the-fbi-does-not-deserve-a-raise\/\">$11 billion for corrupt organizations like the FBI<\/a>, there\u2019s little reason to believe they\u2019ll make any significant changes once they have the majority.<\/p>\n<p>Ironically, it wasn\u2019t so long ago that conservatives and most of the GOP had much more to say about fiscal matters. Indeed before Trump\u2019s election, that\u2019s almost all they talked about (remember Paul Ryan and the \u201c<a href=\"https:\/\/prospect.org\/power\/can-reformicons-save-republican-party\/\">Reformicons<\/a>\u201d?). Conservative writers would gush about the glories of supply-side economics and warn of all kinds of doom if the federal government abandoned fiscal discipline.<\/p>\n<p>To be fair, much of this was pretty dry reading and probably pushed away more people than it brought in, particularly the economically-illiterate adults graduating from college. Then there was Donald Trump\u2019s victory in 2016, which many took as proving the futility of campaigning on the economy. Consequently, conservative writers and Republican politicians focused their efforts on cultural issues and being more bellicose in their rhetoric.<\/p>\n<p>This strategy might work, but it\u2019s <a href=\"https:\/\/amgreatness.com\/2022\/06\/05\/november-red-wave-may-fail-to-materialize\/\">not a sure thing<\/a>. The economy still matters, now more than ever. It\u2019s important to remember that so much of Trump\u2019s popularity was tied to the economic boom he brought about before the Covid lockdowns. Sure enough, he did this by lowering taxes, boosting energy production, and cutting federal regulations. Had he enjoyed more political capital and less resistance from everyone around him, he could have also cut spending and thereby curbed the production of more dollars.<\/p>\n<p>Republicans need to understand that mere bluster is not enough, and no one can do it quite like the Donald. However, they can adopt his best policies and add to them. And they don\u2019t even have to wait until 2024. It\u2019s entirely possible to effect reform and save the economy with a Democrat in the Oval Office \u2014 much like the GOP did in \u201890s <a href=\"https:\/\/www.realclearpolitics.com\/articles\/2012\/09\/20\/newt_and_the_balanced_budget_--_media_used_to_give_gingrich_credit_115506.html\">under Newt Gingrich<\/a>.<\/p>\n<p>Not only would a clear agenda for economic reform potentially draw in even more voters away from the morally and fiscally compromised Democrat Party, but this would actually help real Americans. The stakes are uncomfortably high, and if the federal government continues on its current trajectory, the United States will increasingly resemble <a href=\"https:\/\/www.theamericanconservative.com\/articles\/our-latin-american-future\/\">dysfunctional countries in Latin America<\/a> where an unaccountable and corrupt elite class rules over a powerless populace. This already seems to be the case in states like <a href=\"https:\/\/joelkotkin.com\/california-becoming-more-feudal-with-ultra-rich-lording-over-declining-middle-class\/\">California<\/a>, and if Republicans continue doing nothing, it will be the case all over the country.<\/p>\n<hr class=\"wp-block-separator\" \/>\n<div class=\"article-author-description fst-italic\">\n  Auguste Meyrat is an English teacher in the Dallas area. He holds an MA in humanities and an MEd in educational leadership. He is the senior editor of The Everyman and has written essays for The Federalist, The American Conservative, and The Imaginative Conservative, as well as the Dallas Institute of Humanities and Culture. Follow him on <a href=\"https:\/\/twitter.com\/MeyratAuguste\">Twitter<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden recently took to the pages of the Wall Street Journal to explain his plan: spend more money, raise taxes, and let the Federal Reserve go on doing<\/p>\n","protected":false},"author":551,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1513092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1513092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/551"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1513092"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1513092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1513092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1513092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1513092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}