William Katz:  Urgent Agenda

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THE DEMOCRATIC WORLD – AT 9:28 A.M. ET:  The Dems, gearing up for the 2018 midterms, are trying to convince Americans that times are really bad.  From Fox:   

The disconnect between what congressional Democrats are saying about the recently enacted tax cut and what is happening in the real world is so wide that it is getting difficult to see across the chasm.

House Minority Leader Nancy Pelosi, D-Calif., who as the 15th richest member of Congress has a minimum net worth of nearly $30 million, referred to the millions of dollars in bonuses and pay hikes announced by more than 100 companies in the wake of the new tax law as “crumbs.”

Among the crumb-dispensers is Apple, headquartered just a few miles from Pelosi’s district. The tech giant is paying out $2,500 stock bonuses, planning $30 billion in capital expenditures over five years, and adding 20,000 employees. The company estimates that the direct impact on the U.S. economy will be more than $350 billion over that timeframe.

But Pelosi is far from the only Democrat who voted against tax reform while arguing that it would be an economic “Armageddon” for everyday Americans. Behind her stands a long list of Democrats in states that Donald Trump won, in some cases by large margins, who will have to explain how they could have been so wrong.

COMMENT:  The sad fact is that most of the media will go along with the explanations, which is what gives the Dems such a boost.

January 26, 2018