End the duopoly

Star Parker – Economic recovery starts, thanks to capitalism

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As Washington has been frozen in debate about whether to pass massive new economic stimulus legislation, something interesting has happened in the real world.

In the real world, Americans sent a message to politicians saying they can take care of themselves just fine, thank you.

The Bureau of Labor Statistics report for the month of August just came in saying the U.S. economy is surging forward in strong recovery mode.

The economy created 1.4 million new jobs, and the unemployment rate dropped to 8.4% — not pretty compared with the 3.5% rate in February, before COVID-19 hit. But compared with where we were in April, at 14.7% unemployment, this is a remarkable recovery.

It’s also quite remarkable given where things stood during the attempted recovery from the last recession, which began in 2008-2009. Back then, it took more than three years to get unemployment below 8%. This was achieved now in less than six months.

Great economic news should be exhilarating to everyone. But, for sure, what is great news for normal people is taken as bad news by politicians on the left who want to run our lives.We can recall the sentiment captured in the often-quoted observation of Rahm Emanuel, former chief of […]

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