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Keyword: economy

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  • The Jobs Report Is Validation of Trump's Economic Policies: Comparing Obama and Trump's Numbers

    08/13/2018 7:34:59 AM PDT · by SeekAndFind · 6 replies
    RCM ^ | 08/13/2018 | Louis Woodhill
    [SNIP] Let’s compare the jobs numbers for Trump’s first 19 months in office with those of Obama’s last 19 months in the White House: * Employment Ratio: +0.73 percentage points, more than twice Obama’s +0.35 * Labor Force Participation: +0.22 percentage point vs. Obama’s -0.16 * FTE jobs: +4.1 million vs. +3.3 million under Obama * Average weekly wages: +$40.55 vs. +$31.21 under Obama The reason that the labor market is finally tightening is that Trump’s tax and regulatory policies are bringing real GDP (RGDP) growth back to levels that are historically normal for the U.S. Despite the Great Depression,...
  • Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump

    08/13/2018 6:16:03 AM PDT · by IBD editorial writer · 39 replies
    Investor's Business Daily ^ | IBD Editorial Board
    Growth: The stronger the economy gets under President Trump, the more desperate his critics are to hand credit over to Obama. Even if that entails changing the past. A recent New York Times story says it all: "An Economic Upturn Begun Under Obama Is Now Trump's To Tout." The article begins by admitting that "by nearly every standard measure, the American economy is doing well," then spends the next 1,400 words arguing that the current good times have nothing to do with Trump's economic agenda. The economy, reporter Patricia Cohen declares, "is following the upward trajectory begun under President Barack...
  • Trump's trade war advantage: The US economy is 'firing on all cylinders,' says expert

    08/12/2018 11:06:29 PM PDT · by 2ndDivisionVet · 24 replies
    CNBC ^ | August 13, 2018 | Weizhen Tan
    • "We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at the Milken Institute. • Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring. China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert....
  • Donald Trump is using the strength of US economic power

    08/12/2018 9:33:17 PM PDT · by 2ndDivisionVet · 9 replies
    Communities Digital News ^ | August 12, 2018 | Michael Busler
    Unlike the prior administration who was more than willing to give away America’s wealth and power, President Trump understands US economic power. And he is using the wealth and power of the United States to the country’s full advantage. President Trump knows that since the US is holding all of the aces it is time to use them and really start winning. The US economy is the world’s largest America’s economy is bigger than the combined economies of the rest of the G7. Our total annual output which will exceed $20 Trillion this year, is almost 25% of the world’s...
  • Why Does Trump Get More Credit Than Obama for the Same Economy?

    08/08/2018 8:23:50 AM PDT · by SeekAndFind · 66 replies
    New York Magazine ^ | 08/08/2018 | By Jonathan Chait
    Over the last year and a half, there have been three things one could say about Donald Trump’s standing with the public, depending on which aspect you wished to emphasize: (1) Trump is not very popular. (2) Given his scandals and wildly unpresidential conduct in office, Trump is surprisingly popular. All three of these points are neatly brought together in a chart compiled by political scientist Patrick Egan, comparing presidential approval rating to consumer sentiment. The historically large divergence between the two illustrates just how badly Trump is underperforming given the buoyant assessment of the economy: But beneath all these...
  • The Trump economy is SO GOOD even the Left-wing media has to admit it

    08/07/2018 12:07:06 PM PDT · by SleeperCatcher · 10 replies
    The National Sentinel ^ | 8/7/18 | USA Features
    So Much Winning: Before his election victory, POTUS Donald Trump was mocked by many on the Left and Right for claiming that he could turn the U.S. economy around and bring back jobs that his predecessor, Barack Obama, said were never coming back. During a town hall forum in Indianapolis, Obama made that pronouncement, essentially telling an American concerned about the future of employment in his city that some jobs just aren’t coming back.
  • List of Tax Reform Good News (700 Examples of US pay raises, bonuses increases due to MAGA)

    08/07/2018 10:24:22 AM PDT · by MarchonDC09122009 · 5 replies
    Americans for Tax Reform ^ | 08/07/2018 | https://www.atr.org/list?amp
    List of Tax Reform Good News Tuesday, August 7th, 2018, 10,10 AM Click on your state below to see 700 examples of pay raises, bonuses, 401(k) match increases, expansions, benefit increases, and utility rate reductions due to the Republican tax cuts. You may also view the full list here (PDF). See also: Thanks to the GOP tax cuts, these utilities are lowering rates Thanks to GOP tax cuts, craft beverage producers are hiring and expanding Thanks to GOP tax cuts, companies are providing new benefits to employees and their families Thanks to GOP tax cuts, many companies are increasing charitable...
  • America's Massive Truck Driver Shortage May Triple by 2026: Experts

    08/06/2018 1:56:13 PM PDT · by SeekAndFind · 135 replies
    The Street ^ | 08/06/2018 | Anders Keitz
    Wanted: truck drivers. Amid an otherwise strong corporate earnings environment, cost inflation within the trucking and freight industry is becoming a real concern for many companies. "It's a real bear," Tyson Foods (TSN - Get Report) CEO Tom Hayes told TheStreet about the inflationary pressures of the shortage. Approximately 60,000 drivers are needed to meet robust demand for trucking services, and that may be a conservative estimate. The shortage could be upwards of 100,000 or more, Seaport Global Securities LLC analyst Kevin Sterling told TheStreet. The driver shortage stems from several factors, according to Sky Harbor's Director of Research Michael...
  • The Eight Best Predictors of the Long-Term Market

    08/06/2018 12:07:26 PM PDT · by Wuli · 55 replies
    Wall Street Journal ^ | August 6, 2018 | Mark Hulbert
    "Here are the stock indicators with enviable track records - and the cautionary tale that they tell". .......... "Bubble Flashbacks" "The only other time it was more bearsih (...since 1951...) was at the top of the internet stock market bubble". [areas that are] "Overvalued by Almost Any Measure" "Ratio of S&P 500's current reading to average since 1954" "Household Equity Allocation" "Price/sales ratio" "Price/book ratio" "Q Ratio" "Buffet Indicator" "Dividend Yield" "Shiller P/E (CAPE)" "Price Earnings ratio" .........
  • Trumponomics: The Evidence so Far

    08/06/2018 8:22:08 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 08/03/2018 | By RAMESH PONNURU & MICHAEL R. STRAIN
    Our economy is strong, as nearly every new release of economic data indicates. Industrial production is up. The unemployment rate is as low as it has been in two decades. Employment rates are growing and the disability rolls are shrinking. Measures of business confidence are bullish. Stocks are up. The economy has been growing, hitting 3 percent in some quarters. Inflation, meanwhile, remains low.Usually such good economic news redounds to the benefit of the political party in power. This rule probably applies today. Even though President Trump and Republicans are less popular than politicians presiding over robust economic expansions usually...
  • Releasing the US economic engine

    08/03/2018 10:26:32 PM PDT · by jmclemore · 12 replies
    Me
    Trump wins election and the economy starts clawing itself out of the liberal grave it was forced into. Trump rolls back EPA rules and the economy stands up and starts walking. Trump gets tax reform and the economy starts galloping like a thoroughbred. Trump starts slapping our trade partners with tariffs and instead of economic calamity, the jobs you can't bring back, start returning on their own and the economy is now soaring.... What next.... Where are the finial restrains, real or imagined, that Trump can remove.
  • CNBC Host Struggles to Find Bad News in Great July Jobs Report

    08/03/2018 6:36:45 PM PDT · by PJ-Comix · 9 replies
    Newsbusters ^ | August 3, 2018 | P.J. Gladnick
    She tried. Oh, how she tried but she just couldn't pull it off. I mean, how do you spin negativity on a great July Jobs report that revealed unemployment had fallen to a mere 3.9% rate?  Sara Eisen, the co-host of CNBC's Squawk on the Street lamely attempted on Friday to see dark tidings in the bright report but even she had to concede that overall things looked good in the economy. So why her negativity? Could it have been that she wanted to spare the feelings of Mika Brzezinski to whom she was delivering her report on Morning Joe? Reporting...
  • On CNN, Stephen Moore Praises Jobs Report; "Radically Right" Trump Economy! - Video 8/3/18

    08/03/2018 2:14:21 PM PDT · by Federalist Patriot · 5 replies
    Freedom's Lighthouse ^ | August 3, 2018 | Brian
    Here is Stephen Moore on CNN today reacting to the July Jobs Report, which showed 157,000 new jobs being created. Moore called it “another blockbuster report,” that makes you “proud to be an American.” Moore said the Jobs Report would have been even better if there were more workers available! As Moore said – “There’s something radically right” about the Trump Economy! . . . .
  • Payrolls rise 157,000 missing expectations, but overall picture still strong (Overall good report)

    08/03/2018 5:48:33 AM PDT · by ScottinVA · 31 replies
    CNBC ^ | 3 August 2018 | Jeff Cox
    Payroll growth turned sluggish in July after two robust months, though the unemployment rate edged lower and the overall jobs picture continued to look solid, according to Labor Department numbers released Friday. Total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected in a survey of Reuters economists and the lowest gain since March. The unemployment rate fell one-tenth of a percentage point to 3.9 percent, as expected, and is around its lowest level in nearly 50 years. In the key wages category, average hourly earnings also met expectations, increasing 2.7 percent over the same period a...
  • Free Trade’s Faustian Bargain: Selling America’s Soul for Trinkets

    08/02/2018 12:39:26 PM PDT · by Thalean · 5 replies
    American Greatness ^ | August 2, 2017 | Spencer P Morrison
    Spectators claim that Satan himself appeared on stage during the opening performance of Christopher Marlowe’s play Doctor Faustus (1588). The grizzly specter, it was said, drove men mad with fear. Some in attendance wanted to demolish the theater, while others wanted to hang Marlowe for his occult summoning. In spite of the controversy (perhaps because of it), the play was a hit. Today Faustus remains one of the greatest works of literature. Why? Exquisite language?—lines like “the face that launch’d a thousand ships” have haunted readers for centuries. Perhaps. But time rarely preserves art for art’s sake: what survives is...
  • The American Art of Renewal

    08/02/2018 11:03:04 AM PDT · by lowbuck · 2 replies
    NRO ^ | 2 August 2018 | Victor Davis Hanson
    <p>Make America Great Again” is the oft-caricatured slogan of the Donald Trump presidency. When Trump was elected, he boasted of jump-starting the economy to achieve an annual economic growth rate of 4 percent.</p> <p>Experts laughed him off as a naďf who did not understand that structural changes in demography and technology made such growth impossible. Many economists predicted that Trump would crash the stock and job markets.</p>
  • Inflation, gas prices, tariffs squeeze consumers

    08/01/2018 10:21:50 AM PDT · by DCBryan1 · 22 replies
    Seattle times ^ | 01 AUG 18 | By SARAH SKIDMORE SELL and DAMIAN J. TROISE
    The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs. Janette Hendricks said she has noticed higher prices on “just about everything” in the past three months or so. That’s put a little pressure on the recently retired nurse in Washington. So she goes shopping less often, “makes things stretch,” and she always shops for...
  • US businesses hire 219,000 in July

    08/01/2018 9:38:36 AM PDT · by yesthatjallen · 3 replies
    The Hill ^ | 08/01/18 | Vicki Needham
    U.S. businesses added 219,000 jobs in July, a positive sign amid tightening labor market, according to a private survey released on Wednesday. Hiring hit the fastest pace since February, and was higher than the 181,000 jobs posted in June, on a boost from the Republican tax package and increases in government spending, according to payroll processor ADP. So far this year, employers have added 1.4 million jobs for an average of nearly 206,000 jobs a month. “The labor market is on a roll with no signs of a slowdown in sight,” said Ahu Yildirmaz, vice president and co-head of the...
  • Venezuela's president admits economy has failed

    08/01/2018 3:47:22 AM PDT · by Libloather · 46 replies
    Yahoo ^ | 7/31/18
    Caracas (AFP) - Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas. "The production models we've tried so far have failed and the responsibility is ours, mine and yours," Maduro told his ruling PSUV party congress, as Venezuela looks to tackle chronic inflation the International Monetary Fund predicted would reach one million percent this year. "Enough with the whining... we need to produce with or without (outside) aggression, with or without blockades, we need to...
  • Trump winning perception game: Kathleen Parker

    08/01/2018 1:21:58 AM PDT · by 2ndDivisionVet · 16 replies
    The Erie Times-News ^ | August 1, 2018 | Kathleen Parker, The Washington Post
    Two distinct realities coexist in the nation’s capital with the approximate compatibility of oil and water. There’s the reality of 4.1 percent economic growth, full employment, a declining trade deficit and some wage growth. And then there’s Michael Cohen. While President Donald Trump was focused on his sunny economic report Friday — and on tariff deals the days before — the media were obsessed with news that the president’s former attorney was prepared to tell special counsel Robert Mueller that Trump knew in advance about the June 2016 campaign meeting between Donald Trump Jr. and Russians who allegedly had dirt...