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The Future of the Democrat Party

November 21, 2016 By E.J. Smith - Your Survival Guy

Where does the Democrat Party go from here? The Trump wave of support for a smaller government “of the people, by the people, for the people” that got him elected won’t disappear in four-years. The rise of Progressives—who are doubling-down on the big government policies which got them kicked out of not only Washington, D.C. but almost every State House (today Democrats control both the governorship and the legislature in only six states)—is O-V-E-R.

One idea for the Democrat Party is to pay attention to what’s going on in tiny Rhode Island, surrounded by a sea of blue-states. Here, governor Gina Raimondo is getting things done in a state where two-thirds of voters went for Hillary. You may recall the public sector pension overhaul and battle Raimondo spearheaded.

Raimondo is a reformer. She could turn the Ocean State into the Hong Kong of New England. The bar is pretty-low. Her work hasn’t gone unnoticed by Cato where she received a “B” in their latest governors report card. Allysia Finley had this to write in her excellent piece in the WSJ over the weekend, “An Island of Rationality in Blue-State New England”:

After fending off attacks from public unions—apart from which her pension reforms were widely popular—Ms. Raimondo was elected governor in 2014. One of her first acts was an executive order requiring that agencies quantify the costs and benefits for rules. She later rallied her Democratic legislature to overhaul the state’s labyrinthine Administrative Procedures Act, cutting the amount of red tape that businesses must chew through by about 2,700 pages or 10% of the regulations.

With health-care costs escalating due to ObamaCare’s Medicaid expansion, progressives have urged Democratic governors to establish single-payer systems. Yet Ms. Raimondo resisted the pressure and convened a panel of health-care experts to recommend efficiencies. ObamaCare limits states’ ability to reduce eligibility or benefits, so savings must be achieved through technocratic improvements like better coordinating care. By encouraging home care for elderly patients and increasing managed care, Rhode Island has bent the proverbial cost curve and reduced its Medicaid projected costs by 10%.

Gov. Raimondo signs new legislation that makes it easier for breweries in Rhode Island

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E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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