Judge Bruce Reinhart today admitted the FBI’s raid on President Trump’s Mar-a-Lago home was “unprecedented.” He rejected Attorney General Garland’s attempt to keep the search warrant affidavit completely secret and under seal.
The judge cited the intense public and historical interest and he ordered the DOJ to propose redactions by this Thursday. Again, though, he rejected DOJ attempts at total secrecy. Now, I'm not a lawyer, but I am especially interested to see if the Biden administration’s legal logic in this outrageous Trump raid has anything remotely to do with January 6.
Personally, I continue to believe that this is not about presidential documents, but rather desperate attempts by the Biden administration to keep Mr. Trump off the ballot in 2024.
A bunch of smart folks I know think this outrageous invasion virtually guarantees that the former president now will run in 2024. I want to step back for a moment and look at an even bigger picture.
It’s not only President Biden’s attempt to keep the former president off the ballot in ’24, it is also a transparent effort by Mr. Biden to keep Mr. Trump’s highly successful policies off the ballot.
From Day 1, Mr. Biden has reversed every successful Trump policy: Large tax cuts and major deregulation that gave us the most prosperous economy in many generations, including historic low unemployment for blacks, Hispanics, Asians, and women. The biggest after-tax, after-inflation wage increase for blue collar working people all the way down to lower incomes.
In fact, under Trumpenomics, it was the lowest Census quintiles that benefitted the most with the biggest pay hikes; significantly bigger tax savings than the top 1 percent. Tax avoidance fell sharply. Off-shore money returned home to the U.S.
When combined with deregulation, with eight regulatory reductions for every increase, both large and small businesses prospered and hired as never before.
These companies paid out huge bonuses to their workforce, kept prices rock bottom for their consumers, and returned high dividends and share buybacks to pensioners, 401(k)s and IRAs.
What's more, Mr. Trump’s deregulation opened the spigots for fossil fuels and renewables, both of which benefited mightily under his policies as America became energy dominant throughout the world.
Gas was $2 a gallon. Food prices were flat. Prescription and generic drug prices actually declined. Topline inflation remained under 2 percent. Supply-side incentives worked, just as they had under JFK and Reagan. This was free-enterprise capitalism. Tax and regulatory barriers were lowered. It paid more after taxes, after inflation, to work, invest, and take risks. You know what? More people worked, invested, and took risks. This was democratic capitalism, small “d.”
President Trump said, “We will reward success, not punish it.” Government intervention was minimized. Economic freedom was maximized.
The “woke” socialists in the Biden administration, doing their best to reverse every one of these successful policies, have turned a boom that they inherited into an inflationary bust we have to live with today.
That’s what socialism does: It impoverishes. It has in the past, it is again today, and it always will in the future.
In a free economy, with free people, with freedom under the Constitution, we truly get life, liberty, and the pursuit of happiness. It is literally these freedoms that President Biden and his crowd are trying to keep off the ballot this November and in November ’24.
That is why the Cavalry is coming. Americans love freedom.
Larry Kudlow was the Director of the National Economic Council under President Trump 2018-2021. His Fox Business show "Kudlow" airs at 4 p.m &. radio show airs on 770 ABC from 10:00 a.m. to 1:00 p.m.
