04/12/2017

Ted Cruz On Track To Win Re-Election In 2018

Gabriella Hoffman, The Resurgent

New fundraising numbers released by Senator Ted Cruz (R-TX)’s re-election efforts show the Texas senator, running for his second term, is well-positioned to cruise to victory in November 2018. His current war chest amounts to over $5 million, making him well-positioned to withstand a challenge from his party and in the general race.

Here’s more from POLITICO:

The Texas Republican raised about $1.738 million in the first three months of this year across his Senate reelection campaign, his political action committee and the Ted Cruz Victory Committee. He now has $5.2 million across those three committees, and $4.8 million of that is in his Senate reelection account.

Cruz has incumbency advantage, which makes him fairly immune to political loss. Although there are continual whispers that Republicans nationally and in Texas want him gone. (That ain’t going to happen.) His likely Democrat challenger is Congressman Beto O’Rouke (D-TX) of El Paso, a former punk rocker with a few arrests under his belt. Nevertheless, the former 2016 presidential candidate and former Texas solicitor general will likely come away triumphing the November after next.

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Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

-- Gary Wolfram, Hillsdale College,

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ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

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