Most Americans rate their finances as good or excellent, according to a new Gallup survey. As you can see below, the numbers have come back up after dipping this spring. And what’s more, they are better now than any time during the Obama presidency.
Barack Obama decided to use Presidents’ Day to get in an argument with another president. Well, okay, but the average GDP growth rate under Obama averaged around 2 percent, among the lowest of any modern president. Meantime, wages stagnated and the worker non-participation rate in the economy was at levels not seen since the 1970s. The economy grew just 1.6 percent in Obama’s final year.
Wednesday and Thursday, even the liberal press was saying this was the best week of Donald Trump’s presidency. And then the Labor Department announced that the economy had added 225,000 jobs. The unemployment rate went up from an insanely low 3.5 percent to 3.6 percent. But that’s actually a good thing, because it is the result of more people deciding not to give up and
Well the, Obama people must be disappointed. They had predicted that a permanent era of slow growth was at hand. But alas, the fault of the meager growth of the Obama years wasn’t America’s. It was OBAMA’S. Trump is closing in on two years into his presidency. Obama can’t even possibly claim at this point that he deserves the credit. In fact, the economy began
President Trump’s surest path toward helping Republicans remain in charge of Congress is to tell people that that they’re doing great. The economy is in incredible shape – and that’s a provable fact. A piece in Politico Thursday suggests Trump is failing to do this. While the piece does acknowledge that the White House blames media bias for not conveying the message, the guilty party
OMG, this had got to stop. Impeach him, now. From the Washington Examiner: Typical family incomes rose to new record highs in 2017, and poverty subsided to pre-recession lows, the Census Bureau reported Wednesday. Median household income rose to $61,400, according to the bureau’s Current Population Survey, improving 1.8 percent on the previous year’s mark of $60,300. Incomes in 2016 had appeared to eclipse, finally,
From an article I have running today on the NBC News website: President Donald Trump made an unscheduled appearance on the White House South Lawn Friday morning, exactly one hour and 13 minutes after the Commerce Department announced the U.S. economy grew at the impressive rate of 4.1 percent in the second quarter. “These are great numbers,” he said. “We’ve accomplished an economic turnaround of
The U.S. economy grew at the strongest pace in nearly four years, reflecting an economic rebound that has been steered by Trump administration policies. From the Wall Street Journal: Gross domestic product—the value of all goods and services produced across the economy—rose at a seasonally and inflation-adjusted annual rate of 4.1% from April through June, the Commerce Department said Friday. That was a pickup from
That’s three straight quarters of approximately 3 percent growth. Those are the first full quarters that Donald Trump had been president. It’s now inarguable the Trump has been good for the economy. However, growth for the current quarter is expected to be more like Obama-era growth. But we’ll see. I wouldn’t be surprised if a lot of economists are rooting for Trump to fail and
Please permit me to interrupt your Stormy Daniels programming for a moment. Americans’ satisfaction with the economy is soaring under President Trump, with the number who view conditions positively at the highest point in nearly two decades, according to a new survey by the nonpartisan Pew Research Center. Fifty-three percent of Americans now say the economy is in either good or excellent shape, the highest
Well this is a nice turn of events. First of all, the economy. Employers added 200,000 jobs last month, a strong number. But even better news was the rise in incomes, which has mostly stagnated under President Obama. And even more surprising news: CNN thinks Trump is partially responsible for it. According to CNN’s Alison Kosik: Wage growth jumped from 2.5 percent to 2.9 percent,