Free Republic

White House economic adviser Larry Kudlow asserted President Trump’s threat to block trade between private Americans businesses and China, saying he has “emergency economic power authority” to do so. “Do you believe that the president does have the authority to block private businesses from investing in China?” CBS News' Margaret Brennan asked Kudlow on “Face the Nation” Sunday. “Ultimately, he does have authority,” responded Kudlow. “It’s an emergency economic power authority,” he said, adding that Trump “is not intending to” block trade with China at this time. Amid an escalating trade war, Trump in a series of angry tweets Friday...

President Trump says in a new interview that tariffs targeting China over intellectual property theft could cause some "pain" in the U.S. economy, but promised that America would emerge stronger as a result. "I'm not saying there's not gonna be any pain," Trump said Friday in an interview with "Bernie & Sid in the Morning" on 77 WABC in New York City. He also acknowledged the initial reaction from markets is likely to be negative. They “could lose a little bit," he said. Dow Jones industrial average futures plummeted on Thursday after news broke that Trump has asked officials in...

Speech in video at link. https://www.facebook.com/POTUS/videos/vb.1220332944702810/1236581346411303/?type=2&theater&notif_t=live_video_share&notif_id=1485540856306885

Overregulation: Carl’s Jr. and Hardee’s CEO Andy Puzder has people all in a huff over his idea to automate restaurants. But why be upset with Puzder? This is an inevitable consequence of massive minimum wage hikes by the government. “With government driving up the cost of labor, it’s driving down the number of jobs,” said Puzder. “You’re going to see automation not just in airports and grocery stores, but in restaurants.” He’s right. That’s why whenever the minimum wage rises above the market-set prevailing wage, jobs are destroyed. Who would pay someone $15 an hour to do a job that’s...