Capitalist Response To Trump's State Of The Union

This is a recorded monologue by Ryan Daniel Moran (founder of Capitalism.com) responding to President Trump’s State of the Union. Moran argues that individual freedom and entrepreneurship—not expanded government—are the solutions to national problems. He praises the 2018 tax law for stimulating job growth, warns that artificially low interest rates and Federal Reserve policies risk another recession, calls for reduced foreign spending and an end to "endless wars," cites the government shutdown as evidence of governmental ineffectiveness, and promotes measures like the Right to Try as examples of deregulation that enable innovation. He repeatedly emphasizes personal responsibility, skepticism toward politicians and pundits, and keeping dollars in private hands.
Questions this video answers
Ryan Daniel Moran, founder of Capitalism.com
February 6, 2019
Chapters
Good evening. Tonight, in the State of the Union address, the President addressed a divided nation. Citizens at odds with one another, divided between extremes. The President spoke to a nation polarized by politicians and news pundits, whose pocketbooks and their aspirations depend on your attention and they depend on your cliques. It is our job as citizens and as a people to resist their calls. To deepen the divides among us and to address the challenges that lie before us. To bet on ourselves and our own solutions, not theirs. You know, every day, business owners, entrepreneurs, mothers and fathers, hard working Americans are going to work to create the change that they want to see in their lives.
The role of government is simple. It's to protect their pursuits, their pursuits for a better life. Their pursuits at their shot, their pursuits at success.
Their pursuits to serve their families. That is the American tradition. My name is Ryan Daniel Moran. I'm the founder of capitalism.com and@capitalism.com we don't pick a side in the political dog fight. Instead, we value individual freedom above everything else. We have one aim. We have one common goal. We have one idea that unites us and it's individual freedom. The fight for the protection of your pursuit. Rather than side with a set of political beliefs, we default to one primary idea, that your freedom to live as you choose should never be questioned. Never anything that violates that should be resisted by everyone. As a nation, this is our most foundational principle. If we forget that individual freedom is our highest cause, we will all too quickly watch it erode. As we navigate the path ahead of us, let us always be reminded that you make the best decisions for your family. And any attempt to take away your freedom in all areas of your life is an act of tyranny. No matter who the President is or what issue is being discussed, we always default to freedom as our highest aim. Moving forward, we as a nation, and we as citizens, will seek to address challenges like border security, health care, rising national debt, opportunities for those who didn't have a fair shot, and importantly today, rising tensions on both sides of the aisle. As we face those together, let us be slow to give any more power to any branch of government or to be divided by biased news sources. Our greatest challenge as a nation is not what the President tweets or what CNN says that we should be afraid of. Nor is it caravans from our neighbors. None of those are our greatest threat. Our greatest threat is that we are continually encouraged to place trust in politicians in the first place. They don't have the solutions for your life. They don't have solutions for where we aim to go as a country. As people.
We will solve the challenges that are in front of us only if we address them ourselves. We will solve nothing if we continue to trust politicians to do our bidding. If we default to government as our first, our first opportunity, create change, we will always fail. Bet on yourself, go all in on you. Waiting for the government is simply a bad strategy. No good solutions come from out of touch politicians whose only strategy is to take from production and lobby for what they see as best. Our best solutions to our problems come from empowered entrepreneurs, not from out of touch politicians. We cannot afford to to wait for government or for politicians to create any solutions to the challenges that plague us. We don't bet on them. We bet on the kid with an idea, not the congressman with presidential ambitions. We believe in the single mom who wants a better life, not the lawyer who needs to get reelected. And we invest in the small business owner who takes care of his team, not in the politician who wants to lobby to get more power. These are all failed experiments. This is what slows us down. This is what divides us as people. Our reliance on government is the fastest route to failure. It's the fastest route to be divided. Before we entertain ideas about what we must do as a nation, we must agree that we as people know what is best for our lives. We must agree that every dollar kept in your hands, regardless of if you are rich, poor or middle class, is better spent by you rather than by Trump, Pelosi or Bernie. No politician can better spend your your dollars than you. Government should be a means of last resort, not a first line of action.
Tonight, the President wisely called out the new rise of socialism in America. If we rely on government to be the solution to our problems, we will continue to be at odds with one another. The system is designed that way. If we wait for the federal government to do our bidding, then we will always battle with one another. We will never agree on what the best solutions are for all 400 million Americans. So we cannot rely on the federal government to make decisions for our lives. As Ronald Reagan famously said, government is not the solution to our problems. Government is the problem.
Now, in his first two years, President Trump has enjoyed a robust economy. Bill Clinton also governed during a great economic boom, and he enjoyed it because of massive tax cuts that were passed by his predecessor. Bill Clinton continued that robust economy by standing for free market policies and by encouraging trade. Now, moving forward, we face a similar economy. President Trump has enjoyed an economic boom that has been fostered and Driven by sensible tax policy, the new tax law passed in 2018 has empowered entrepreneurs, it has rewarded investments, it spurred new job growth.
You know, no one can understand, no one can possibly understand the burden of taxes until you've run a business. Small business owners around the country pay more taxes than anyone. And if you've ever built a small business, you know.
The burden that the government can put on your back. As you try to create a business, as you are trying to keep payroll, as you're trying to expand, as you're trying to serve customers, your greatest expense will always be taxes. And the new tax law that was signed by President Trump was a huge step forward. We've seen it reflected in the job market, in it's responded accordingly. And again, every dollar that is kept in your hands, that's kept in the hands of the business owner, that is kept in the hands of Americans. Regardless of where you fall in the class system, whether you're rich or poor or middle class, a business owner, an entrepreneur, none of the above. A dollar kept in your hands is better spent than in the hands of any wasteful politician who, who cannot make decisions about what is best for your life.
We must be careful not to undo this progress. You see, we've dealt with this in the past. George W. Bush attempted similar policies, but they ultimately failed and led to the Great Recession.
When President Bush was in office, he oversaw tax cuts. There was an initial boom, but it was ultimately undone. And this was due to reckless decisions made by the Federal Reserve. They kept interest rates too low for far too long. You see, what this does is it incentivizes poor investments. When interest rates are kept artificially low, we have what's called malinvestment. We have money flowing to bad investments and money kept away from good ones.
And President Trump's resistance to the Fed's policy is dangerous. If the Federal Reserve repeats the mistakes of the past decade, then our country runs the risk of the same economic collapse that we experienced in 2008.
When an economy is built on cheap money, we get bad businesses. We reduce entrepreneurial innovation, we discourage wise investment. Our economy is built on entrepreneurship and investment. And right now, we're enjoying a robust economy driven by low taxes and fewer regulations. But we right now run the risk of economic collapse if we do not adopt a sensible fiscal policy. If we continue to foster artificially low interest rates, then bad companies will continue to raise millions of dollars and have little downside, while middle class Americans receive little to no yield on their investments. That's not fair. That's not fair to the middle class. That's not fair to the poor, who continue to pay higher prices. This makes the rich richer, and it results in similar crashes that we saw a decade ago. There's only one way to avoid this. We can avoid this if the Federal Reserve adopts a sensible fiscal policy, raises interest rates, and we end needless government interventions. You see, economies can't be artificially propped up. Eventually, the rich get richer by borrowing money and making investments, while the middle class and the poor don't have access to the same opportunities. Right now, we've created a robust economy because of wise policy. But if we continue artificially low interest rates, we run the risk of having another Great Recession. So a message to you entrepreneurs. Raising money does not mean that you are successful. Happy customers and robust profits means that you're successful. Your days of raising money at ridiculous valuations are numbered. It is inevitable. Tonight, the president laid out a plan to reduce interventions overseas, bringing some of that investment back home. That's a policy that both Democrats and Republicans have advocated for years. You know, Democrats were the anti war party for a long time when President Bush was in office, Democrats had a humble foreign policy. And when Barack Obama was president, Republicans resisted and Republicans became anti war. Tonight, a very historic thing happened. You heard President Trump advocate for an end to endless wars. Tonight, the president expressed determination to have a humble and peaceful foreign policy. We as Americans must hold him accountable to these promises.
Every year, we spend hundreds of billions of dollars on a bloated foreign policy.
That money can be better spent here at home to address our challenges. It's just like the entrepreneur who raises money at crazy valuations and then blows it. We do that every day as a country. It is time to cut spending overseas and to bring it home. That's how we address our challenges. That's how we can continue to lower taxes and foster further innovation. That's how we invest in American infrastructure. You know, in the last few months, we witnessed the longest government shutdown in history. You know, this event resulted in much news and zero progress. But it did do one thing. It demonstrated the ineffectiveness of government.
Yet during the shutdown, stores remained open, markets continued to rise, citizens still went to work. We continued to operate our lives as normal. This should be evidence for one thing, evidence for how wasteful government is. As citizens, may this be assigned to us, that the government we need is the government that governs as little as necessary. During the shutdown, the government did what it is supposed to, as little as possible. The solutions to our challenges come from citizens. They come from businesses. They come from entrepreneurs. They come from people. They don't come from government. We saw that during the shutdown. May we remember how effective we are as citizens and how ineffective it is to rely on government. We will only come together when we recognize that government cannot be the solution to our problems. We, as people, you and I, must create the change that we want to see in this world. We create it, we build it, we encourage it. It's on us, not on who we elect. It's on you and me. When we see a problem, we address it as individuals, we tackle it as families. We do it as communities. We create solutions as entrepreneurs. That is where prosperity comes from. We never have freedom without responsibility. They're linked. We can't just pass responsibility onto government and hope that Trump or the next girl or guy will be our champion. For the change that we want, it has to come from us. We will not have prosperity without the boldness to tackle challenges, ourselves, without the willingness to take risks, without the willingness to solve these challenges. People, as individuals, as entrepreneurs, you know, the United States was founded on this grand experiment, an experiment of freedom. Because of that boldness, the boldness of our founders, we enjoy the freedom to live lives as we choose, so long as we do not impact another person's ability to do exactly the same. Far be it from us to use government as a bully pulpit to fight what we see best, even if we never agree. Far be it from us to go to government to prevent you from believing what you want to believe and advocating for what you want to advocate for. We must recognize that politicians cannot fix complex problems, even problems like health care or climate change. Only one thing can do that, and it's freedom and entrepreneurship that is the only solution to our greatest challenges. In fact, when government gets involved, costs go up. This was evidenced when President Johnson signed Medicare into law that increased the cost of health care by 25% per year on an annual basis. We tried to curb this. We tried to curb the rising costs. President Nixon attempted to reduce these costs with price controls, and you know what happened? Health care costs continued to soar. Healthcare costs have only continued to rise since that time. Every time we increase the size of government to try and patch over what the previous administration did, we make the government more inefficient. We make the problem worse. The only way out, the only way to solve these crises is that we must end our addiction to government and empower individual freedom. We must create more choice. We must liberate entrepreneurs. We must encourage The American innovative spirit. That is how we will solve our greatest challenges. It won't come from any politician, left, right, center. Today, I, an old politician, a future politician. It will never come from them. The federal government can only liberate people by simply getting out of the way.
Great example of this happened when President Trump signed the right to try act. What this did is it allowed for terminally ill patients to experiment with new forms of medication. It allowed new innovations to come into the marketplace. It encouraged innovation to happen faster. It brought new choice to people's lives.
This has opened doors for individuals to decide the right type of treatment for them. It has opened up new opportunities for individuals to have a say in their own health care. Now, this is a small sample size, but it is a sign of what can happen when the government simply gets out of the way, when entrepreneurs and businesses are free and liberated to bring new solutions to the marketplace. Since that time, states like Oregon have introduced new treatments for mental health and the decriminalization of certain drugs with beneficial uses. Other states would be wise to follow suit. For too long, our solutions have been locked and frozen by government regulations and government intervention. And the more that we get out of the way, the more we empower entrepreneurs and businesses to bring new choice and solutions to the marketplace. More freedom is always the answer. Always. That's our default position as people. It is our responsibility to constantly advocate for for more freedom. Not to wait for government or politicians, but to constantly advocate for more liberty. You are in control of the results that you get. Blaming politicians or appealing for change in Washington D.C. changes nothing. It's a bad strategy. We create change by how we spend our dollars, how we treat our neighbors, how we operate our companies.
That is what made America great. That is how we create the change moving forward. Right now, we're divided. We hear about it every day. And in these divided times, the change that we desire starts with you.
Bet on yourself, invest in yourself, take risks, be kind to others, listen to one another and be ever skeptical of politicians and news pundits who claim to have solutions. You are the greatest shot to the life that you want. Betting on yourself is always a good investment.
Relying on government always takes away your power.
You know, it's always popular. It's always popular to talk about challenges. It is always popular to point to the things that aren't working. But can we pause for just a second? May we remember for just a minute how lucky we are, how far we've come as a nation. We're living through the most prosperous, the safest, the most abundant time in history. Lifespans are increasing. Economic freedom is increasing. God has already blessed us. It is your job to use that abundance to create the change that you want to see in this world. Not to complain, not to point out the flaws, not to hope for a better future, but to leverage that abundance to create the change that you want. That is the American spirit. That is your highest calling. That is your job. That is our job as citizens of this great country. And that is how we create the change that we want to see in this world. Thank you and God bless you.











