Markets 
Throughout the July 4th 250 weekend, President Trump’s speeches, especially at Mount Rushmore and the National Mall, really made two key points. One was the greatness of America, the home of Freedom, the land of liberty, a country whose founding creed was that its citizens receive their rights from God our creator.
Hence some of the greatest words in history: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”
Here’s the president at the National Mall on Saturday: “This country is the home of freedom. This is the land of liberty.” He added: “we’re celebrating freedom’s triumph over tyranny. Liberty’s conquest over oppression, and the enduring victory of the American spirit.”
Another of his key themes this weekend is that we will never let socialism or communism take over this country. Here’s the president on that: “The entire world has been on notice that Americans will never let anyone take our freedom away. Won’t happen. And all these talks from the communists, they haven’t got a chance.” Mr. Trump added that “communism is a loser, and it always will be, calling it “a mortal threat to American liberty. It is the greatest threat to our country, including World War I, World War II, Pearl Harbor, or even 9/11. We’re not going to let this happen to us.”
These are universal themes that span from the American founding all the way to the present 250th anniversary. Yet I would bet that these would also be important campaign themes for the upcoming midterm elections.
The Democratic party has badly boxed itself in by accepting this wave of antisemitic socialism and communism launched by the anti-American mayor of New York, Zohran Mamdani, and AOC and her growing contingent of radicals. The Democrats are going to be stuck with this come November.
The party leaders have caved into antisemitism and socialism and perhaps communism which knows no bounds, whatever you want to call it, it is surely not freedom and free enterprise. If you need any proof of that besides the collapse of the old Soviet Union, and the current collapse of communist Cuba, here’s one of my favorite stats: per-person gross domestic product in America is slightly over $90,000. Per person GDP in authoritarian statist Communist China, it’s slightly less than $14,000.
America has grown over the past several 100 years by nearly 3.5 percent adjusted for inflation. No country can possibly match that record. And meanwhile, just reading some of our leading economists and what they are saying, people like Kevin Hassett in the White House, or Ed Yardeni, Ed Hyman, Jason Trennert on Wall Street and many others, think of this: real GDP will hit an all-time record high this year. Not even the Covid lockdown could stop it.
Stocks are soaring. Profits and productivity are breaking records, business is booming, consumers are spending, household net worth is a staggering $170 trillion and on and on. Communism is a complete failure. Just look at the numbers. Free enterprise is the greatest prosperity machine raising living standards to unbelievable heights that history has ever seen. And that’s why America keeps on winning.
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