Keyword: itstheeconomystupid
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2023 MAJOR ACCOMPLISHMENTS of the Biden-Harris Administration
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…Forty-four percent of Americans in the latest ABC News/Washington Post poll say they’ve gotten worse off financially under Biden’s presidency, the most for any president in ABC/Post polls since 1986. Just 37% approve of his job performance, while 56% disapprove. Still fewer approve of Biden’s performance on the economy, 30%. … It seems that a significant share of voters are buying Trump’s argument that he built a sensational economy before COVID, and then the 2020 election, interrupted his fine work. The Trump “boom,” of course, was arguably just a situation he inherited from Barack Obama. But to Americans who have...
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Goldman Sachs Group, Inc. (NYSE: GS) sees a mini stagflation scenario ahead, ailed by sluggish growth and higher inflation. The banking behemoth predicts a stricter environment for capital markets and financing as the risk appetite for its clients is lower, Reuters reported, citing a statement from the bank's president John Waldron.
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A new poll out from Richard Baris shows that Trump is undoubtedly in the lead in the 2024 presidential race in the Rust Belt states. Trump leads the GOP primary field with 67.5 percent, and DeSantis comes in a distant second at 17.1 percent. Trump also leads President Biden in the poll, showing that likely voters prefer Trump to Biden 46.9 to 38.1 percent. Among those likely voters who were polled, 7.5 percent say they would opt for a third party candidate, and 7.4 percent are not yet decided. If DeSantis were to be the nominee, according to likely voters,...
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Economists no longer expect inflation to come down as rapidly as they forecast earlier this year. The median expected rate of inflation moved up to 4.2 percent in 2023, higher than the forecast of 3.9 percent the survey predicted in February, the National Association for Business Economics survey found. That is more than twice the Fed’s target inflation rate of two percent. The Fed raised its interest rate target rapidly last year in an effort to bring down inflation.
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Fox News contributor and former Trump adviser Kellyanne Conway said Monday on FNC’s “The Story” that Gov. Ron DeSantis (R-FL) should focus on Florida’s economic success instead of “woke and COVID.” Conway said, “I give President Trump and Governor DeSantis credit for being out there connecting with voters. You had Kamala Harris and Joe Biden at home. They were in California and Delaware yet again, as if all the nation’s problems have been solved. I thought up Trump getting at CPAC and saying I can finish the job. We had lower crime, lower prices. Only he can say that I’ve...
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The third-quarter CNBC All-America Economic Survey finds some modest improvements in economic attitudes and in President Joe Biden's approval ratings across the country, but Americans still harbor mostly negative views on the economy and give the GOP double-digit leads on key economic and financial issues ahead of the November elections
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President Biden Delivers a Primetime Speech on the Continued Battle for the Soul of the Nation, Philadelphia, PA.Link: https://www.youtube.com/watch?v=3qSmRoVo5AA
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The Democratic Party is perceived by voters as being both ineffective and out-of-touch, and as a result, stands to suffer substantive seat losses in the midterm elections, new polling by Schoen-Cooperman research indicates. Indeed, the findings of our survey - which was conducted among likely 2022 midterm election voters - show that the electorate is increasingly pessimistic about the direction in which President Biden and Democrats are steering the country, and feel that the party's priorities do not align with their own..... Indeed, inflation - which is at its highest level in 40 years - is the top issue (51...
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After Joe Biden’s first year in office, NOT ONE participant in Face the Nation’s focus group believes America is in a better place. CBS host Margaret Brennan was stunned when the entire panel of six participants, including Biden voters, said America is on the wrong path. “During the course of the pandemic, “Face the Nation” has been listening to Americans, through Zoom, to get their thoughts on COVID, the economy and how the government is handling it all. On Friday, we checked back in with six of them,” host Margaret Brennan said. “Who feels like we are in a better...
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Listening to her — and the worshipping liberal media — President Obama rescued America from the worst economic crisis since the Great Depression by creating nearly 15 million jobs after unemployment peaked at 10 percent. Voters should validate his success by electing Mrs. Clinton to finish the job he started. What she says is needed now to accomplish a utopian state is yet even more government regulation — for example, by federalizing the California Equal Pay Act, which regulates salary and hiring decisions in the Golden State down to the smallest businesses — higher electric rates to pay for massive...
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...our model shows more growth from the Rubio and Cruz plans than the Trump plan, even though Trump proposed a larger cut: While Donald Trump largely opted for big rate reductions across the board, Rubio and Cruz made improvements to the structure of taxes, while cutting taxes by less overall. Senators Rubio and Cruz both put thought into the nature of the taxes that businesses pay. They noticed that the current way businesses are asked to calculate taxes creates a bias in the code. When a business builds something new, like, say, a new industrial lathe, that decision actually has...
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-- snip -- If his appeal was based on his language and bluster, America would have elevated someone like Howard Stern or Ann Coulter long ago. If his appeal was based on foreign policy concerns, why isn't a military general leading the charge? It's the economy, stupid! And the fact is that real, median household income peaked at nearly $58,000 back in 1999 and has been sliding ever since, standing now at just $53,657. This can all be summarized in two charts: The relationship between corporate profitability and labor's share of income shown above. Cheap laborers (both undocumented unskilled and...
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Democrats say the main lesson of the November election is simple: Go big on the economy. Party officials attending a daylong conference Wednesday hosted by the Center for American Progress said Democrats failed to make a forceful pitch to middle-class voters on issues like economic opportunity, stagnant wages and rising college costs—and suffered the consequences. “Too many Democrats did not offer a progressive vision, particularly around economic issues,” said New York Mayor Bill de Blasio, pointing to his successful 2013 mayoral campaign as a model. “This year, around the country, I think there was an unwillingness on the part of...
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President Barack Obama is all in with his economic pitch. The American public is not. Over the next 27 days, either the public or the president is going to get the message. In a midterm campaign strategy fraught with risk, the White House is betting that Obama’s tight embrace of the economic recovery and populist proposals for gender pay equity and a higher minimum wage will galvanize his core supporters and persuade fence-sitting independents to help Democrats retain narrow control of the Senate in November. Addressing young entrepreneurs Thursday at a startup center in California, Obama highlighted his economic record...
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Ask voters in North Carolina’s Research Triangle what November’s midterm elections are about and one will tell you drones. A second will say closing the prison at Guantanamo Bay, Cuba. Yet another, the middle-class squeeze. At a Sunday school classroom in Ypsilanti, Mich., voters are concerned about deteriorating roads, teen sex parties, truancy in schools and violent crime. Six hundred miles west at a Republican campaign office in Urbandale, Iowa, people fear that America is on an irreversible decline — like Germany after World War I, as one man predicted. Across Colorado, voters are thinking about a whole other set...
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The job market is still not the greatest, but we just got one hopeful sign that it might be improving a bit. The economy added 209,000 jobs in July, and the unemployment rate ticked up to 6.2 percent from 6.1 percent, the Bureau of Labor Statistics said Friday. Believe it or not, both of those numbers are encouraging. The reason the first number is encouraging is because, duh, jobs. The encouraging part of the second number, the unemployment rate, is less obvious. Normally, higher unemployment is bad news, and people seeing HIGHER UNEMPLOYMENT on the evening news tonight will naturally...
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A tradition after each national election, presidential or midterm, is for the pundit class to pontificate on whether and how the results point to a realignment. This exercise dates back at least to the publication of The Emerging Republican Majority by Kevin Phillips in 1969, and it continues to this day. Now, of course, the hot topic is the so-called emerging Democratic majority, dominated by young people, nonwhites, and upscale social liberals. Pundits across the political spectrum are offering free advice to the Republican party on how to change its ways lest it face extinction at the hands of this...
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I agree that Obama inherited a crappy economy, and I think it is silly to assert that he bears any responsibility for the severity of the 2007-2009 recession. But it is very fair to hold him responsible for what’s happened since the recession ended. I’ve cited data from the Minneapolis Federal Reserve on both employment and gross domestic product to show that Obama has presided over the weakest recovery in the post-World War II period.And I think it is fair to blame Obama for the economy’s anemic performance during that time, largely because his agenda of faux stimulus and Obamacare...
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Friday, September 07, 2012 Mercifully, the political conventions have ended. The political press will keep buzzing over whether Clint Eastwood's unconventional speech helped or hurt Mitt Romney and whether the snafu over Israel and God in the Democratic platform will do any lasting damage to President Obama. Republican reporters will think former President Clinton talked too long, and Democrats will note that New Jersey Gov. Chris Christie talked more about himself than about Romney. But they are missing the point. The campaign is about what's happening in America, not what the politicians are saying. At the beginning of 2012, it...
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