Topics from the latest episode of The Schaftlein Report…
Guest: Jerry Bowyer – Economist, Journalist, Author of multiple books including The Maker Versus the Takers, Founder of the Allegheny Institute
1.) $1.9T Covid Bill risks Economist (Oliver Blanchard andformer Treasury Secretary Larry Summers express concern over the size)
– $15 Minimum wage bill could cost 1.4M jobs and increase deficit by $54B
– Democrats aim to demonize Republicans who vote against the bill – currently all 50.
– Dow, S & P and Nasdaq close at record highs – Is the prospect of $1.9T fueling a front running valuation bubble?
2.) Trump Impeachment Trial starting tomorrow. Odds of conviction are very low.
– Democrats trying to label all Republicans as supporting Incitement, censorship and cancel culture
3.) Former Secretary of State George Shultz under Ronald Reagan passed at age 100