The State of the Union Address: The State of the Union Address

Welcome to another heat wave. Triple-digit temperatures on tap for Southern California today and tomorrow. We can’t blame it entirely on the weather gods. Global warming is still up and coming.

As if that weren’t enough, the weather has been a major topic of conversation in this week’s State of the Union address. President Trump made the point in his speech that this is the “summer of our discontent” and he wants to “make America great again” and “take back our country.”

As a native Californian, I am hoping President Trump lives up to his promise to restore prosperity in California. The state gets its fair share of attention and blame for California’s lack of economic growth, but Trump also knows that for all the talk about wall-to-wall “red flag” laws and confiscatory property tax rates, California’s economy is still the envy of the nation.

So, how do we fix the economy and what would it take to win back California?

The Federal Reserve and the Federal Trade Commission have proposed a series of “reforms” to restore “the integrity of the financial system.” They want to make sure that Wall Street executives are not rewarded for their high pay and bonuses, and that we don’t need to “punish” the wealthy to help the economy. They seem to have no problem with big corporations paying huge back taxes and using those funds to “stimulate” the economy.

Instead they want to limit the ability of corporations to pay no taxes, use their money to purchase insurance to protect themselves from being sued by people who cannot pay medical bills, and use the money they pay to investors to pay higher dividends to bondholders.

I have little hope that President Trump will take these recommendations seriously.

I am hopeful that President Trump understands the importance of the

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