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Unleash Prosperity Hotline
Issue #1318
07/31/2025
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1) Good, But Not Great News on the Economy

We at Unleash Prosperity love growth, so we're pleased as peacocks that the GDP grew by 3% in Q2 of 2025. But as the chart below from the Commerce Department shows, the major factor driving the growth was a big decline in imports. And that was almost certainly due to Trump tariffs.
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But some of us have been questioning for decades why imports are counted as "bad" for the economy. Imports rise when Americans have a high enough income to buy them. The fact that they have declined is no measure of prosperity.

We're disappointed in the investment number, which was negative. You can't have growth without investment. The good news is that Trump is attracting foreign capital at record amounts - and those commitments weren't included in this April-July tally. Those investments will show up later.

We are glad to see private sector growth outpaced government growth. Government consumption expenditures were basically flat. But in the Biden years, an outsized amount of the paltry "growth" recorded was due to the multitrillions of government outlays (all financed with debt), which drove artificial growth.
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2) California Crushing Its Citizens With Nearly Half a Million Regulations

The Mercatus Center has published a report on which states impose the most regulations on their citizens. We almost fell out of our recliners when we saw the amount of red tape some states impose. Yes, we know California is a very big state, but 420,000 state and local regs on the books? That's probably more dictates than are on the registers in Moscow.

The four most over-regulated states - starting with California - are New York, New Jersey and Illinois. All blue states that also happen to be the places losing millions of residents and hundreds of billions in personal income.

We have a crazy idea. Repeal all these rules and replace them with just one golden rule: don't tread on me.
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3) CO2 Is Not a Pollutant and Is NOT Endangering the Planet

Speaking of over-regulation: We reported in yesterday's HOTLINE the good news that the Trump Administration has ended the bogus "endangerment finding" - which asserts that greenhouse gases are air pollution.

Here is a summary of the many reasons that this onerous rule aimed at cutting off fossil fuel production is bad for the world's health.
1. Our slightly warming planet saves millions of lives - because cooler temperatures kill more people than warmer temperatures. One famous 2015 study examined 74 million deaths from 1985 to 2012 in the United States and around the world and found that 17 times more people die from extreme cold than warm temperatures.
2. Nobel Prize-winning physicist John Clauser has confirmed, and Princeton emeritus professor physics William Happer and M.I.T atmospheric sciences emeritus professor Richard Lindzen have written that the carbon dioxide we exhale with every breath "is not a pollutant," and "increasing CO2 concentrations will benefit the world." More carbon dioxide increases the amount of food that plants produce - and will have a microscopic effect on temperatures.
3. The war against fossil fuels won't save the planet. Statistician Bjorn Lomborg has shown that even using the UN climate model, Biden's Inflation Reduction would only mitigate the expected rise in global average temperature by 0.0009 degrees Fahrenheit by 2100.
4. Since 1920, as the average global temperature has risen by 1.56 degrees Celsius and carbon dioxide emissions have increased and the world's population has quadrupled, but average deaths per year from natural disasters ([link removed]) have decreased by more than 90%.
5. A 2024 National Oceanic Atmospheric Administration report concludes that "the historical Atlantic hurricane data at this stage do not provide compelling evidence for a substantial greenhouse warming-induced century-scale increase in: frequency of tropical storms, hurricanes, or major hurricanes, or in the proportion of hurricanes that become major hurricanes."
6. Sea levels aren't rising much, if at all. A 2024 EPA report states that the "absolute sea level has risen at an average rate of 0.06 inches per year from 1880 to 2013," including a slightly increased rate since 1993 -- a tiny "0.12 inches per year."

Trump's Energy Secretary Chris Wright correctly notes:

"Climate change is real, and it deserves attention. But it is not the greatest threat facing humanity. That distinction belongs to global energy poverty. As someone who values data, I know that improving the human condition depends on expanding access to reliable, affordable energy. Climate change is a challenge--not a catastrophe. But misguided policies based on fear rather than facts could truly endanger human well-being."

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4) Democratic Governors Threaten to Quit the National Governors Association

Apparently the group is not adamantly anti-Trump enough for the tastes of Kansas Governor Laura Kelly and Minnesota Governor Tim Walz, who are threatening to withhold their dues:

Chair of the Democratic Governors Association (DGA) Gov. Laura Kelly of Kansas will stop paying NGA dues starting next month, a source familiar with the governor's thinking confirmed to Fox News Digital. The Atlantic reported that former DGA chair and failed vice presidential candidate, Gov. Tim Walz of Minnesota, is also considering stepping away from the NGA...

Kelly and Walz thought the NGA "did not respond forcefully enough" when the Trump administration paused federal funding earlier this year, as Gov. Janet Mills of Maine clashed with Trump over biological men playing in women's sports and, more recently, when Trump authorized the National Guard to California amid the anti-ICE protests.
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Why not just shut the whole place down?
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5) Teachers Union Boss Randi Weingarten Joins Forces with World Economic Forum

Just in case you thought the state of union-controlled public schools couldn't get any worse, comes this merger of corrupt domestic unionism and globalist cronyism:
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Another unintentional advertisement for school choice.
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6) A Handy Tool for Today’s Social Life

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