American Consequences - June 2021

INSIDE THIS ISSUE

T he Republican party certainly looks a lot different than when it started. However, the GOP has also undergone a radical shift in more recent years, with former- President Trump inciting passion and anger from conservative supporters like no one else... So where does the GOP stand now that Trump is gone and Biden is in the White House? And which Republican candidates stand a chance in the 2024 election? Publisher Trish Regan tackles the future of the Republican party with a rundown and forecast of the Right’s political realities and possibilities in the coming years. Our Editor in Chief P.J. O’Rourke bravely volunteered to delve into Biden’s pork-stuffed “American Jobs Plan,” coming to the foregone conclusion that its creators need to seek another form of employment. The hallowed halls of the Supreme Court have always tried to stand loftier than the muck of Congress or the White House... But vice president of the Cato Institute Ilya Shapiro writes that with partisan-led charges for court-packing and term limits, it seems the judicial branch won’t escape the injustice of politics. Speaking of injustice, journalist and frequent American Consequences contributor Alice Lloyd details how progressive private- school parents push against the likes of critical race theory – meanwhile, their children’s education gets lost in the culture-war shuffle.

And another culture-war victim? What used to be America’s favorite pastime... Pro athletes have enough on their minds without having to sweat being political mascots. RealClearMarkets editor John Tamny explains that when it comes to the politicization of sports, there’s a glaring flag on the field. Switching gears to investing, U.S. cannabis sales reached $15 billion in 2020, while industry employment could reach 300,000 jobs this year. In “This Ain’t Your Dad’s Weed Anymore,” commodities wizard Jay Caauwe explains how cannabis is a disruptive innovation ready to explode as a sector. Along with NFTs, SPACs are one of those vague financial acronyms most of us don’t have a handle on – thankfully, finance expert Enrique Abeyta offers some much-needed clarification. For Americans who want to grow their wealth at home, Executive Editor Kim Iskyan explains that it’s a sound strategy to invest abroad, as U.S. shares won’t outperform emerging markets elsewhere forever . Finally, in this month’s Letter From the Editor, P.J. passed me the pen (don’t worry, he’ll resume writing it next issue), and I share my personal experience of the world reopening just as summer gets rolling. Regards, Laura Greaver Managing Editor, American Consequences

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June 2021

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