Assessing Trump’s Acceptance Speech at the GOP Convention: Fact-Checking the Fact-Checkers

July 22, 2016

I’m not a fan of Trump (to say the least), but the sloppy work, bias, and outright dishonesty of “fact checkers” is something we shouldn’t tolerate.

International Liberty

Since I’m not a fan of either Donald Trump or Hillary Clinton, I think that puts me in a good position to fairly assess whether the candidates are being dishonest.

And since several media outlets just produced their “fact-checks” on Donald Trump’s acceptance speech to the Republican convention, this is a perfect opportunity to see not only whether Trump was being dishonest but also whether media fact-checking is honest.

Here’s some of the “fact-checking” from NBC., with each indented example being followed by my two cents.

TRUMP CLAIM: Nearly four in 10 African-American children are living in poverty, while 58 percent of African-American youth are now not employed. Two million more Latinos are in poverty today than when the President took his oath of office less than eight years ago.

THE FACTS: Yes, 38 percent of African American children are living in poverty, according to Census data. But…

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(Video) Lemonade Stand Economics: a basic lesson for progressives

July 22, 2016

When writing about the minimum wage or Obamacare, I’ve often made the point that, in the face of government-imposed higher costs, businesses have few choices:

  • Pass the cost on to the consumer by increasing prices
  • Reduce costs by cutting back on labor (reduced hours, automation, &c.)
  • Accept a smaller profit margin
  • Or just say “screw it all” and go out of business

The following video from Prager University makes a similar point, using that American icon, the kid’s lemonade stand, as an example:

Progressives take note. This is a lesson you need to learn.

By the way, those evil oil companies the Left likes to rail at? Their average profit margin is just above six percent. You know what industry has a larger profit margin? Law firms. They net on average a whopping 30 percent.

Maybe the government should regulate law firms? smiley thinking