The Presidential Daily Brief

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    Upward Social Mobility Becoming Scarce

    The news that “Wal-Mart Stores Inc. is forecasting a difficult holiday season, but Tiffany & Co. just exceeded their earnings estimates by the simple expedient of raising their prices” is striking commentary on the state of our nation. Right now, America finds itself struggling with how to realize policies that expand, not contract, opportunity for more Americans. The antidote to this is to restore, as Paul Ryan coined it, the Right to Rise, the right to pursue economic opportunity and happiness. Ensuring the return of social mobility begins with transforming education, fixing a broken immigration system, establishing a market-based North American energy strategy and expanding economic freedom.

    Source: Bloomberg

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