Webb: Economic freedom vs. liberalism

Webb: Economic freedom vs. liberalism
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Economic freedom is one of the greatest threats to liberalism. The State of the Union is about you and me, not the political class or the elitists on the left or the right. Few presidents, especially in their first year, have presided over the type of economy that we see under President TrumpDonald John TrumpWSJ: Trump ignored advice to confront Putin over indictments Trump hotel charging Sean Spicer ,000 as book party venue Bernie Sanders: Trump 'so tough' on child separations but not on Putin MORE.

Let’s examine the economic state of the union versus the economic state of the European Union and of other sovereign unions.

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The trajectory of the United States has changed remarkably when compared to the Obama presidency. Unemployment is that a 17-year low, we have the lowest unemployment rate for Hispanics and the lowest unemployment rate for blacks. Since the passing of the Tax Cuts and Jobs Act, more than 2 million Americans have received a raise or a bonus. Many Americans don’t think they are in the market but if they have a pension or a 401(k), they are in the market and those accounts are beginning to show real value after the negatives of the Obama economy. We have seen a change from a regulation to a deregulation nation, and as the White House continues this track, the free market will continue to thrive.

At Davos last week the headlines may have been the proclamations of the globalist community led by Angela Merkel, Emmanuel Macron and Xi Jinping, but the markets in the United States and abroad told a somewhat different story. Not often reported is that a stronger United States economy and stronger domestic financial market is a better investment for foreign companies.

Major international corporations like FedEx and Exxon have not only given to their employees in the form of bonuses, but we are beginning to see reinvestment which strengthens these companies on the domestic and international stage. This fuels the virtuous economic cycle and the consumer economy. In spite of the faux liberal outrage over the tax cuts, I don’t hear of Starbucks baristas giving back their bonuses or wage hikes.

A strong economy and its continued growth is, in many ways, tied to good infrastructure. You would think this would be a nonpartisan issue and, given prior statements by Democrats, something they would favor. There are Democrats willing to compromise the country and your economic future because they must resist anything Trump proposes that they supported in the past. It’s the political history of the now and the hypocrisy of the left combined.

As a fiscal conservative and from a businesslike approach, the White House, nor I, want to create a deficit rebuilding and updating our infrastructure.

There is a path to a compromise between public and private partnerships. The growth of the economy is key to rebuilding our infrastructure. Infrastructure goes beyond the four or potentially eight years of a Trump presidency. The investment needed in more than roads and bridges, including our technological and energy infrastructure, will allow for a country that is more capable and ready for new innovations.

Economy without infrastructure cannot continue to thrive and infrastructure cannot be built without a sound and growing economy.

Republicans should not rest on their laurels, and continue to work on more tax reform and economic issues as a primary driver of a needed recovery and a counter to our growing debt and deficit.

The ordinary person, who, in the view of past ruling classes, was often referred to as a serf, indentured servant or modern-day lower and middle class who achieves economic freedom will not willingly surrender it.

There is a measure of control allowed when your needs and the means to satisfy them are determined by any outside party. There are those in the halls of governance in Washington, D.C.,  or polite well-dressed dinners who wish to control your personal economy. Now we have reached a point where some of the masses who lack the will to risk and succeed or fail, or the understanding of this, have accepted economic serfdom reinforced by generations of economic Keynesian inbreeding. For the record, inbreeding biologically or economically is never good.

The resistance is on notice and it is pissed. The deep state mentality that supports the elitists is being challenged by those who have tasted a little economic freedom. A cornered animal is dangerous, a cornered political animal is even more dangerous because the scorched political landscape hurts many, sometimes most and in the case of despotic rule in any form all.

The State of our Union is growing stronger and will be needed to face domestic and global challenges on many fronts.

Webb is host of “The David Webb Show” on SiriusXM Patriot 125, a Fox News contributor and a frequent television commentator. His column appears twice a month in The Hill.