Economy
Heritage Foundation president tells Davos: Future Trump admin must reject all WEF ideas
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Heritage Foundation President Kevin Roberts at the World Economic Forum meeting in Davos
From LifeSiteNews
The Heritage Foundation’s Kevin Roberts said that everyone in the next administration must ‘compile a list of everything that’s ever been proposed at the World Economic Forum’ and object to ‘all of them, wholesale.’
The president of the conservative Heritage Foundation in said in his appearance at Davos that the next Republican administration needs to reject “everything that’s ever been proposed at the World Economic Forum.”
Kevin Roberts, head of the Heritage Foundation, the leading conservative think tank in the U.S., said during a panel discussion called “What to Expect from a Possible Republican Administration?” that “the kind of person who will come into the next conservative administration is going to be governed by one principle and that is destroying the grasp that political elites and unelected technocrats have over the average person.”
BREAKING – @Heritage President @KevinRobertsTX calls out globalist elites at WEF
He said the next Republican administration needs to “compile a list of everything that’s ever been proposed at the World Economic Forum and object [to] all of them, wholesale.” #WEF24 pic.twitter.com/DXmlZUoCOA
— Andreas Wailzer (@Andreas_Wailzer) January 18, 2024
“And if I may, I will be candid and say that the agenda that every single member of the administration needs to have is to compile a list of everything that’s ever been proposed at the World Economic Forum and object [to] all of them, wholesale.”
“Anyone not prepared to do that and take away this power of the unelected bureaucrats and give it back to the American people in unprepared to be part of the next conservative administration.”
Trump admin will ‘trust the science’ and reject push of gender ideology
Roberts said that the idea that the WEF is defending “liberal democracy” and the suggestion that Trump would be a “dictator” are both “laughable.”
My message to the self-appointed global elites: Your time is up. pic.twitter.com/Wj2Bntjztz
— Kevin Roberts (@KevinRobertsTX) January 18, 2024
“Whoever is the next conservative president is going to take on the power of the elites,” he declared.
“Political elites tell the average people on three or four or five issues, that the reality is X, when in fact reality is Y.”
Roberts went on to list five things as examples that President Trump will take on if he is elected:
“Take immigration: elites tell us that open borders and even illegal immigration are okay, the average person tells us in the United States that both rob them of the American way of life.”
“Elites also tell us that public safety isn’t a problem in American cities. Just travel to New York or Washington or Dallas, Texas. The average person will tell you that the lack of public safety damages not just the American way of life but their life.”
“Thirdly, I guess the favorite at the World Economic Forum, is climate change. Elites tell us that we have this existential crisis with so-called ‘climate change,’ so much so that climate alarmism is probably the greatest cause for [the] mental health crisis in the world. The solutions, the average person knows, based on climate change are far worse and more harmful and cost more human lives, especially in Europe during the time that you need heating, than to the problems themselves.”
“The fourth: China. The number one adversary not just to the United States but to free people on planet Earth. Not only do we at Davos not say that, we give the Chinese Communist Party a platform. Count on President Trump ending that nonsense.”
“And fifth, another supernational organization, the World Health Organization, is discussing foisting gender ideology upon [the] Global South. These are practices that are under review if not being rejected, by countries in Northern Europe.”,
“The new president, especially if it is President Trump, will, as you like to say, ‘trust the science.’ He will understand the basic biological reality of manhood and womanhood.”
“I think President Trump, if in fact he wins a second term, is going to be inspired by the wise words of Javier Milei, who said that he was in power not to guide sheep but to awaken lions,” Roberts concluded.
Roberts: ‘I’ll probably never be invited back’ to the WEF
In a video published on his X account shortly before his appearance in Davos, Roberts said that “for too long, the self-appointed globalist elites at the World Economic Forum in Davos Switzerland have lorded over you and me.”
This morning, I'll be joining #WEF24 to usher the Davoisie into early retirement. Tune in live at 10:15 a.m. EST.
🔗: https://t.co/VIJtdayL8b pic.twitter.com/Oozlr19HmW
— Kevin Roberts (@KevinRobertsTX) January 18, 2024
“And you’ll never guess, the president of the Heritage Foundation was invited this year to go, and against my preference, I’m going, on your behalf, to read those people the riot act.”
“Their time of lording over us has come to an end, whether it’s COVID lockdowns, riding over there in their beautiful fancy private jets while lecturing us at the same time, sometimes while on the plane, that climate change is an existential threat.”
“I’m going to talk about all of it. I’ll probably never be invited back, but considering I never wanted to go in the first place, I look forward to it.”
Business
Worst kept secret—red tape strangling Canada’s economy
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From the Fraser Institute
By Matthew Lau
In the past nine years, business investment in Canada has fallen while increasing more than 30 per cent in the U.S. on a real per-person basis. Workers in Canada now receive barely half as much new capital per worker than in the U.S.
According to a new Statistics Canada report, government regulation has grown over the years and it’s hurting Canada’s economy. The report, which uses a regulatory burden measure devised by KPMG and Transport Canada, shows government regulatory requirements increased 2.1 per cent annually from 2006 to 2021, with the effect of reducing the business sector’s GDP, employment, labour productivity and investment.
Specifically, the growth in regulation over these years cut business-sector investment by an estimated nine per cent and “reduced business start-ups and business dynamism,” cut GDP in the business sector by 1.7 percentage points, cut employment growth by 1.3 percentage points, and labour productivity by 0.4 percentage points.
While the report only covered regulatory growth through 2021, in the past four years an avalanche of new regulations has made the already existing problem of overregulation worse.
The Trudeau government in particular has intensified its regulatory assault on the extraction sector with a greenhouse gas emissions cap, new fuel regulations and new methane emissions regulations. In the last few years, federal diktats and expansions of bureaucratic control have swept the auto industry, child care, supermarkets and many other sectors.
Again, the negative results are evident. Over the past nine years, Canada’s cumulative real growth in per-person GDP (an indicator of incomes and living standards) has been a paltry 1.7 per cent and trending downward, compared to 18.6 per cent and trending upward in the United States. Put differently, if the Canadian economy had tracked with the U.S. economy over the past nine years, average incomes in Canada would be much higher today.
Also in the past nine years, business investment in Canada has fallen while increasing more than 30 per cent in the U.S. on a real per-person basis. Workers in Canada now receive barely half as much new capital per worker than in the U.S., and only about two-thirds as much new capital (on average) as workers in other developed countries.
Consequently, Canada is mired in an economic growth crisis—a fact that even the Trudeau government does not deny. “We have more work to do,” said Anita Anand, then-president of the Treasury Board, last August, “to examine the causes of low productivity levels.” The Statistics Canada report, if nothing else, confirms what economists and the business community already knew—the regulatory burden is much of the problem.
Of course, regulation is not the only factor hurting Canada’s economy. Higher federal carbon taxes, higher payroll taxes and higher top marginal income tax rates are also weakening Canada’s productivity, GDP, business investment and entrepreneurship.
Finally, while the Statistics Canada report shows significant economic costs of regulation, the authors note that their estimate of the effect of regulatory accumulation on GDP is “much smaller” than the effect estimated in an American study published several years ago in the Review of Economic Dynamics. In other words, the negative effects of regulation in Canada may be even higher than StatsCan suggests.
Whether Statistics Canada has underestimated the economic costs of regulation or not, one thing is clear: reducing regulation and reversing the policy course of recent years would help get Canada out of its current economic rut. The country is effectively in a recession even if, as a result of rapid population growth fuelled by record levels of immigration, the GDP statistics do not meet the technical definition of a recession.
With dismal GDP and business investment numbers, a turnaround—both in policy and outcomes—can’t come quickly enough for Canadians.
Business
‘Out and out fraud’: DOGE questions $2 billion Biden grant to left-wing ‘green energy’ nonprofit`
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From LifeSiteNews
The EPA under the Biden administration awarded $2 billion to a ‘green energy’ group that appears to have been little more than a means to enrich left-wing activists.
The U.S. Environmental Protection Agency (EPA) under the Biden administration awarded $2 billion to a “green energy” nonprofit that appears to have been little more than a means to enrich left-wing activists such as former Democratic candidate Stacey Abrams.
Founded in 2023 as a coalition of nonprofits, corporations, unions, municipalities, and other groups, Power Forward Communities (PFC) bills itself as “the first national program to finance home energy efficiency upgrades at scale, saving Americans thousands of dollars on their utility bills every year.” It says it “will help homeowners, developers, and renters swap outdated, inefficient appliances with more efficient and modernized options, saving money for years ahead and ensuring our kids can grow up with cleaner, pollutant-free air.”
The organization’s website boasts more than 300 member organizations across 46 states but does not detail actual activities. It does have job postings for three open positions and a form for people to sign up for more information.
The Washington Free Beacon reported that the Trump administration’s Department of Government Efficiency (DOGE) project, along with new EPA administrator Lee Zeldin, are raising questions about the $2 billion grant PFC received from the Biden EPA’s National Clean Investment Fund (NCIF), ostensibly for the “affordable decarbonization of homes and apartments throughout the country, with a particular focus on low-income and disadvantaged communities.”
PFC’s announcement of the grant is the organization’s only press release to date and is alarming given that the organization had somehow reported only $100 in revenue at the end of 2023.
“I made a commitment to members of Congress and to the American people to be a good steward of tax dollars and I’ve wasted no time in keeping my word,” Zeldin said. “When we learned about the Biden administration’s scheme to quickly park $20 billion outside the agency, we suspected that some organizations were created out of thin air just to take advantage of this.” Zeldin previously announced the Biden EPA had deposited the $20 billion in a Citibank account, apparently to make it harder for the next administration to retrieve and review it.
“As we continue to learn more about where some of this money went, it is even more apparent how far-reaching and widely accepted this waste and abuse has been,” he added. “It’s extremely concerning that an organization that reported just $100 in revenue in 2023 was chosen to receive $2 billion. That’s 20 million times the organization’s reported revenue.”
Daniel Turner, executive director of energy advocacy group Power the Future, told the Beacon that in his opinion “for an organization that has no experience in this, that was literally just established, and had $100 in the bank to receive a $2 billion grant — it doesn’t just fly in the face of common sense, it’s out and out fraud.”
Prominent among PFC’s insiders is Abrams, the former Georgia House minority leader best known for persistent false claims about having the state’s gubernatorial election stolen from her in 2018. Abrams founded two of PFC’s partner organizations (Southern Economic Advancement Project and Fair Count) and serves as lead counsel for a third group (Rewiring America) in the coalition. A longtime advocate of left-wing environmental policies, Abrams is also a member of the national advisory board for advocacy group Climate Power.
DOGE is currently conducting a thorough review of federal executive-branch spending for the Trump administration, efforts that left-wing activists are challenging in court. The official DOGE website currently claims credit for a total estimated savings of $55 billion.
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