Articles tagged as

Economy

US Sees Record Small Business Optimism – Democrats Promise To Take It All Away

by Steve MacDonald

Trump’s recovery summer continues to stack up wins as small business optimism piles on to an already impressive roll call.

From National Review.

Optimism among small-business owners reached a record high in August as Republican-passed tax cuts and deregulation began to bear fruit, according to a survey by the National Federation of Independent Business.

The NFIB Small Business Optimism Index hit 108.8 last month, the highest it’s been in the index’s 45-year history, beating the previous record of 108 set in 1983 under Republican president Ronald Reagan.

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Kevin Hassett: No, This Is Not Obama’s Economy

by Steve MacDonald

Mr. Obama came out the other day to bash Mr. Trump for being a miserable president, then took credit for how good things are during the Trump Presidency.

No one on the left seems willing to make that challenge nor are they getting up and shouting all that much about how all their prognostications about the end of the world – should we cut taxes and regulations, or just elect Trump -have not only failed to come true, the opposite has happened.

The economy is booming, and it’s not because of Obama or any Democrat and here’s a guy to make that case.

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Blue Collar Job Growth Highest in 30 years

by Steve MacDonald

The Trump economy can add another feather to its cap. The growth of traditional blue collar jobs has reached its highest rate since Ronald Reagan was President.

Jobs in goods-producing industries — mining, construction, and manufacturing — grew 3.3 percent in the year preceding July, the best rate since 1984, according to a Washington Post analysis.

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Data Point – U.S. Workers Report Highest Job Satisfaction Since 2005

by Skip

Just more than half of U.S. workers—51%—said they were satisfied with their jobs in 2017, the highest level since 2005, according to a new report from The Conference Board, a business-research group. Over the past seven years, Americans report feeling better about their pay along with a greater sense of job security, both features of an … Read more

Data Point – I hope this doesn’t continue on this slope

by Skip

U.S. consumer spending extended gains into July and inflation rose to a six-year high, reflecting economic strength that should keep Federal Reserve policy makers on track to keep gradually raising interest rates. Purchases, which account for about 70 percent of the economy, rose 0.4 percent from the prior month for the second straight time, matching … Read more

Data Point – 2nd Quarter GDP revised upwards

by Skip

Economists expect growth to slow to a still solid 3 percent annual rate the rest of the year, resulting in full-year growth of 3 percent for 2018. It would be the best performance since 2005, two years before the Great Recession began. The 4.2 percent annual growth that the government estimated for last quarter is the … Read more

Socialism: Everyone Else Did It The Wrong Way

by Steve MacDonald

Something to amuse yourselves with this morning.

Another Unemployment Number Hits an Historic Low

by Steve MacDonald

Mr. Trump’s economy continues to make history. Black unemployment hit a historic low in May. Hispanic unemployment hit a historic low in June. Now, the Bureau of labor statistics says that Youth summer-unemployment hit a 52-year low in July, 2018.

The Bureau of Labor Statistics reported Thursday that the unemployment rate for 16 to 24 year olds had dropped to 9.2% in July, from 9.6% in July of 2018. That marks the lowest summer youth unemployment rate since 1966.

The Hate-Trump media is leaning heavily on one caveat, but in my opinion, that’s not going to work in their Trump-hating favor.

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Data Point – Retail sales indicating a much more robust economy?

by Skip

Retail sales—a measure of spending at U.S. stores, websites and restaurants—rose a seasonally adjusted 0.5% in July from the prior month, the Commerce Department said Wednesday. That was well ahead of economists’ forecasts for a 0.1% increase. Compared with a year earlier, they grew 6.4% in July. That’s more than double the pace of inflation, which increased 2.9% in the year to July, as measured by the Labor Department’s consumer-price index.

Robust hiring and low unemployment mean more households have income to spend.

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Trump Keeps ‘Winning’

by Steve MacDonald

It looks like the economy has managed to push aside the smothering pillow of Obamanomics.

The Commerce Department reported Friday that the economy grew at a pace of 4.1 percent in the second quarter, propelled by consumer spending in another win for Mr. Trump’s policies of lower taxes and fewer regulations.

The growth was the fastest since 2014, following first-quarter growth of 2.2 percent that was revised up from 2 percent.

The suffocating “cultural” blanket of Obamanomics is wearing thin as well.

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The Marchand & Molly Show Got Nothing to Say About Record NH Employment

by Steve MacDonald

Marchand and MollyLast month we reported on New Hampshire breaking new ground on both employment and labor participation in May. June was even better.

Seasonally adjusted estimates for June 2018 placed the number of employed residents at 735,730, an increase of 2,540 from the previous month and an increase of 9,020 from June 2017.

I can’t seem to find any comment from Democrat Gubernatorial candidates Steve Marchand or Molly Kelly about this continued climb into record employment and robust labor force participation absent their apothecary’s inventory of socialist curatives.

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We Stopped Talking About Offshoring Because Trump’s Tax Cuts Made On-shoring a Better Investment.

by Steve MacDonald

taxesRemember the Panama Papers? The April 2016 scandal exposed shell corporations, anonymous owners, and the practice of keeping corporate profits offshore to avoid high taxes. All perfectly legal. But it set the left into a tizzy (because it doesn’t take much) whose head-spin produced calls for national registries of company owners and all sort of new laws regarding transparency.

The real goal of government intervention while sold as consumer protection or crime-fighting was to figure out how State’s might profit by taxing that “hidden wealth.”

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Will Democrats Try to Run On An Economy That’s Not Supposed To Be This Good?

by Steve MacDonald

Mark Fernald Wants an Income taxCan Democrats run for office in 2018 on recent economic success? There are media narratives in place. The problem with liberals and their narratives, however, is that they are bound only in the moment without regard to anything that came before or after.

So, when it comes to the Economy and the 2018 Elections, the Trump haters have a problem.

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New Hampshire Economy Sets Records for Employment and Labor Force Participation

by Steve MacDonald

Economy money growthLast week some Democrat stooge was on the radio badmouthing Governor Sununu on the economy and workers and families and wages (insert dancing donkey in a top hat), but she did it without actually saying anything. It was all empty rhetoric. Palm card pablum.

Yes, I have plenty of issues with Chris Sununu’s “priorities.” I have problems with State Republican Leadership’s priorities. But for all the goofy things they focused on this past Session they managed to not get in the way of the State’s economy.

An economy that has entered record-setting territory.

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Data Point – “it’s the economy, stupid”

by Skip

Rising Economy

…Americans love such tales in which the downtrodden succeed, and underdog stories make for great cinema. In real life right now, a lot of economic underdogs in America are growing into a prosperity they did not think possible just a few years ago. Simply put, it’s time for the little guys, the underdogs, to shine. For example, while government dependency expanded massively during the slow growth of the last decade since the Inauguration of Donald Trump almost 2 million people have dropped off of food stamps.

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Smacking RGGI Around

by Steve MacDonald

Flushing-Money-down-the-toiletDavid Stevenson, writing at NH Journal, shares a recent report by The Analysis Group which

“…just released their review of the effects of the Regional Greenhouse Gas Initiative (RGGI), and they give it an A+.”

If you’re not the guessing sort, there are a lot of issues with the report, which is not surprising because (as Stevenson points out) the Analysis Group is a paid consultant of RGGI.

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Frank Edelblut – Barriers to Growth and Opportunity

by Steve MacDonald

Gubernatorial candidate Frank Edelblut joins us to talk about some of the barriers to real economic growth–how government gets in the way of small business creation, innovation, and employment opportunity.  

GrokTALK! – Meet Gov. Boon Doggle

by Steve MacDonald

Maggs Hassan signed the Boondoggle bill this week, establishing a culture of taxpayer backed greed amongst the elected class–and anyone looking for a few bucks to tie a boon to a doggle.  

Data Point – Obama’s employment policies still failing the American worker

by Skip

  He owns this, not Bush.  He has no one else to blame but himself. And the people I feel most badly for are the twenty-somethings – they voted for this incompetent who has now set their lives onto the slow track. (H/T: Instapundit)

Data Point – Failure to Launch for entrepreneurs? Or just throwing in the towel?

by Skip

America has always been known as the land of opportunity – you have an idea, you have the drive, you start your own and go for that brass ring.  Unlike most, starting a new biz is not out of the ordinary and in fact, has been well accepted.  I have worked for several startups – … Read more

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