Posts published in “Columns”

Brexit has brought forth a legion of Chicken Littles. They have predicted doom for the United Kingdom, stripped of its free access to the European Union’s common market, diminished in its own realm by Scottish independence and, then, the departure of Northern Ireland.

The sky is not going to fall.

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.

Yet another study has found that preschool yields no significant educational benefits. After spending £2 billion annually for almost a decade to fund an expansion of preschool to cover all three-year-olds, the United Kingdom had no lasting improvements in educational achievement to show for it, researchers have found.

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.

Donald Trump’s assault on free trade has elicited almost universal pushback in defense of the global trading system. The president summed up his critique of trade in his inaugural address, describing its impact as “American carnage” in the form of “rusted out factories scattered like tombstones across the landscape,” after “one by one, the factories shuttered and left our shores, with not even a thought about the millions and millions of American workers that were left behind.”

Last year, Trump’s critique was validated in a study by MIT Professor David Autor and colleagues entitled “The China Shock,” which focused upon the extensive damage wrought by that one nation upon the American manufacturing sector.

The free-trade establishment conceded only that “some lose out,” referring to unemployed U.S. factory workers.

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.

In last week’s GOP debate, illegal immigration sparked heated exchanges about “amnesty,” the polarizing issue at the center of any reform proposal.

But as Marco Rubio pointed out, the failure of Washington politicians to solve the immigration problem over the past 30 years — primarily their failure to staunch the flow of illegal entry — Americans are so suspicious they will not accept any reform until the problem of illegal entry is solved conclusively.

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.

You may remember a 2014 Gallup poll that had Connecticut as the new Dodge City, the place that half the residents wanted to get out of. Well, many are leaving, eroding the tax base. And the next may be Jeffrey Immelt, CEO of General Electric.

Headquartered in Connecticut since 1974, GE is evaluating whether to stay or leave after being hit with a big tax increase. A decision is expected next month.

Companies and people are leaving the state because taxes have been jacked up steeply in recent years under the one-party rule of Democrats. Further hikes are inevitable, given looming budget deficits, driven primarily by escalating annual contributions to the state’s overgenerous and seriously underfunded public-sector employee pension fund and unfunded health care obligations.

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.

Sen. Ted Cruz and the Freedom Caucus in the U.S. House always want to fight, even when defeat is certain, as it is now when Senate Democrats can kill any legislation with a filibuster and President Obama can veto anything that might survive a filibuster.

The unwinnable-fights attitude can cause real damage, such as the current GOP leadership crisis and the current threat to the nation’s finances. Hopefully, the leadership chaos has passed with everyone rallying around Paul Ryan. Cruz and company’s threats to block an increase in the federal debt ceiling led the U.S. Treasury to cancel its next debt auction, which couldn’t settle before we hit the current ceiling on November 3. With luck, Tuesday’s tentative budget deal will remove this threat.

Fighting with the prospect of winning is ideal. Fighting to make a new point is fine. But repeatedly fighting the same unwinnable shutdown battles?

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.

Can it get any crazier? Fourteen candidates on one debate stage? Leading newspapers in three small early primary states are partnering with C-SPAN to sponsor the “Voters First Forum,” a prime time TV event inviting all announced GOP presidential candidates Monday.

Nuts, right? Maybe not. What’s at stake is a fundamental principle of democracy. Should voters have the first say on the candidates or should pollsters and Madison Avenue hired guns working for the candidates with the most money?

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.

After last year’s low volatility and impressive gains, stock market investors have been whipsawed in early 2014. Stocks dropped sharply in January, with the Dow Jones Industrial Average tumbling more than 5%, and falling again Monday.

Yet the roller-coaster ride may just be getting started. Aside from the trouble in emerging markets and slowdown in U.S. manufacturing activity, there is a tax effect at play in the current market downturn, and it is likely to increase market volatility for the rest of this year.

Red Jahncke

Red Jahncke is a nationally recognized columnist, who writes about politics and policy. His columns appear in numerous national publications, such as The Wall Street Journal, Bloomberg, USA Today, The Hill, Issues & Insights and National Review as well as many Connecticut newspapers.