By LAWRENCE KUDLOW, Special to the Sun | April 26, 2021
Stocks in the past few days have moved higher across the board. Mr. Market has apparently decided that President Biden’s sweeping tax hikes won’t be passed. We’ll just have to see. Remember, Democrats will have two bites out of the 51 reconciliation process that these tax hikes will have to be put through. So caveat emptor. Be warned. I’m still suffering economic shock from Bad Earth Day. It was bad because Mr. Biden announced a 50% cut in carbon emissions in only a few years. That is going to throw a wet blanket over this booming economy. Of course it will wreck the fossil fuel sector, which still accounts for 70% of our power.
Speaking of stupid, there’s a study coming out of the University of
Michigan that says that to meet the Biden Green New Deal target, America
has to stop eating meat, poultry, fish, seafood, eggs, dairy, and
animal-based fats. OK? No burgers on the the Fourth. No steaks on the barby. I’m sure
Middle America is going to love that. Can you grill Brussel sprouts? Get
read. You can throw back a plant-based beer with your grilled Brussel
sprouts and wave your red, white, and green American flag...........To Read More....
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