|
Another booming quarter, and even Democrats can't complain about the economy
A CAT operator appears to be preparing to construct a protective 'containment berm' around a battery of new 210 barrel storage tanks. On Friday, we saw the results for the second quarter since the "tax scam" went into effect. And guess what? Its unexpectedly strong 3.5 percent annualized growth is a strong follow-up to the 4.1 percent growth in the second quarter of the year. Together, that makes for the best two-quarter stretch since 2014. Inflation is down to a 1.6 percent annual rate. Consumer spending is up by 4 percent. Unemployment is down ‐ especially black and Hispanic unemployment ‐ and nearly 4 million new jobs have been created since January 2017. Real wages have risen in each of the last five months in a row. Forecasters now project that the next quarter’s report will show 3 percent growth, which would make for the best three-quarter period since before the recession and financial crisis of a decade ago. That’s a lot of evidence of success. But if you really want to see the effect that tax reform is having on the economy, then just look at this year’s election and the rhetoric surrounding it. Yes, Democrats and their partisans in the media are attacking President Trump loudly and all other Republicans with him. They decry Trump as a ruthless fascist and racist who is killing millions of people and will destroy the planet using nothing but his mouth. Posted by: Besoeker 2018-10-28 |
| http://www.rantburg.com/poparticle.php?ID=526374 |