Rotarian Randy Shuffield (left) sponsored featured speaker Dr. Merrill Matthews (center) at last week's club meeting. They are pictured here with LNR president Dirk Dahlke. The Lewisville Noon Rotary last week was pleased to host as its speaker Merrill Matthews, Ph.D., a resident scholar with the Institute for Policy Innovation, a research-based public policy think tank based in north Texas. An award-winning political analyst for USA Radio, Dr. Matthews shared his insights on several seemingly contradictory statements released in recent months by the Biden administration, and the impact that the inconsistencies have on our nation's economy.
“If you are confused about some of President Biden’s policies, you are not alone,” Dr. Matthews said at the opening of his talk. For example, in press briefings, President Biden has boasted about creating more jobs in the first month of his presidency than any previous U.S. president, adding that American workers are empowered with higher wages and more opportunity. Yet, despite claims that the Biden Economy is the best in modern history, the Department of Education recently put forth a statement that the economy is so bad, the federal government will have to extend the pause for repaying student loans, at a cost of $4 billion/month. Similarly, President Biden recently commented that our nation still is in the midst of a health pandemic and is pushing for continued mask mandates. But, the public health emergency is evidently not so severe to continue former president Donald Trump’s policy of deporting immigrants who cross the border illegally or mandate vaccination, Dr. Matthews noted. Dr. Matthews covered several more conflicts, including the push to reduce our nation's reliance on fossil fuels while also increasing drilling. (President Biden cancelled the Keystone XL pipeline project, which would bring crude oil from Canada to the Gulf Coast, imposed more restrictions on refineries, and pushed back on oil and gas industry investors. Yet, the Biden administration likewise wants oil and gas companies to increase production, so the federal government can increase taxes on windfall profits, the speaker explained.) Ultimately, businesses need stable economic policies, Dr. Matthews said, so companies can respond and strategize accordingly. The unstable policies are making it difficult for the economy to actually experience steady and consistent growth, he noted. To learn more about the Institute for Policy Innovation and read the latest blog posts on issues related to economic growth, innovation, and limited government, visit ipi.org. |