A Wake-Up Call to Republicans

Bet you didn’t know this, but core business investment shipments, known as CapEx on Wall Street — think companies that make machines, metal products, computers, electronics, cars — anyway, new orders are up 16.4 percent annually, for the past three months. And 14.1 percent year-on-year.By the way, actual shipments of all this business equipment is up 18.9 percent at an annual rate over the past 3 months. And 11.4 percent over the past year.Wait, though, the Atlanta Fed estimates that the economy is growing at a 5 percent annual rate in the third quarter, which ends next week, on September 30.We haven’t seen numbers like this in several decades. When businesses are healthy, and producing, and purchasing, it is a great sign of economic health.Everyone knows gasoline prices are too high. I get it. President Trump is trying to stop Iran from getting nuclear weapons, but gasoline prices are still too high.However, that is not stopping the booming economy. Retail sales are growing at a strong 6 percent over the past year.And basic consumer prices, excluding food and energy, are up only 2.4 percent over the past year. And 2.4 percent is a very low number.Those prices rose 21 percent during the prior 4 years.So, Treasury Secretary Scott Bessent is tweeting correctly that real weekly earnings for blue-collar manufacturing employees has increased 4.1 percent during Mr. Trump’s second term. Construction workers pay has jumped 5 percent since January 2025.And Mr. Bessent goes on to note that average tax refunds have gone up $3,400 this tax season, and that’s a very big number to help ordinary working folks.There is an economic boom going on. Yes, a lot of it is the super-intelligence, high-tech economy, which is a great blessing for job creators and working folks. Yet the boom is also encompassing manufacturing, transportation, and other sectors. It is broad-based. It is the best in 20 years.More people are working than ever before in American history. With a 4.1 percent unemployment rate. Less than 200,000 weekly unemployment claims, which is to say nobody’s getting fired — while the boom has produced a million new private-sector jobs.You would think with all this good economic news, and presumably a devotion to free enterprise, rather than big government socialism, the Republican Party should capture the midterms with ease.Yet recent polling of likely voters, by McLaughlin and company, show the GOP is behind by 5 points on the generic congressional ballot — 48 percent to 43 percent. And 9 percent undecided. And among independents, it’s much worse. The GOP is down 47 percent to 28 percent. They’re barely winning the philosophical battle between capitalism and socialism.Right now capitalism wins by 4 points, 45 percent to 41 percent. Yet that lead was 13 points just two months ago. So they’re not really making the case. And of those who watched the Dallas Midterm Convention, Mr. Trump’s $5,000 tax cut won big, by 52 percent to 39 percent. So Republicans, how about running on tax cuts and growth?They have the money, they have the message, but they don’t have a sales pitch.This economic boom among Republican leaders is the greatest story never told. I tell it all the time, but that’s just me.When is the GOP going to get its messaging sales act together? That’s the big question.From Mr. Kudlow’s broadcast on Fox Business Network.

A Wake-Up Call to Republicans

A Wake-Up Call to Republicans

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