June 25, 2018

Fed raises interest rates again as unemployment nears record lows.

The Federal Reserve on Wednesday raised interest rates 0.25 points as the bank aims to prevent a tight labor market from driving inflation to unsustainable levels. The central bank raised the federal funds rate to a 1.75–2 percent target range, the second increase under Fed Chairman Jerome Powell. The Fed was widely expected to raise […]

President Trump Gives ‘Hurt’ Trudeau And ‘Rip-Off’ EU An Economics Lesson — ‘Fair Trade’ Is ‘Fool Trade’

President Trump: ‘Fair Trade Is Now To Be Called Fool Trade’ The ongoing feud between President Trump and Canadian Prime Minister Justin Trudeau continued Sunday evening when Trump defined nonreciprocal trade as “fool trade” in a tweet. Why should I, as President of the United States, allow countries to continue to make Massive Trade Surpluses, […]

G7 Summit: Trump Gives Masterclass in ‘America First’ to Globalists.

President Donald Trump wrapped up a whirlwind trip to Quebec, Canada for the G7 Summit Saturday, reaffirming his “America First” approach to trade in a series of highly-anticipated meetings with world leaders. Prior to leaving for the gathering, President Trump said Russian president Vladimir Putin, booted from the group for annexing Crimea, should be invited to future […]

Trump’s Economy Delivers Highest Level of Job Openings Ever Recorded.

The number of job openings for Americans has surged to the highest level ever recorded by the Bureau of Labor Statistics, newly released economic data reveals. There are now a record 6.7 million job openings for Americans in President Trump’s economy, far exceeding the number of unemployed Americans. As Breitbart News’s financial editor, John Carney, noted, […]

The US economy suddenly looks like it’s unstoppable.

Luke Sharrett | Bloomberg | Getty Images. A worker assembles truck engine cooling module components at the MAHLE Behr Charleston Inc. auto part facility in Charleston, South Carolina. Friday’s economic data provided evidence the U.S. economy is heading into the second half of 2018 with strong momentum. Nonfarm payrolls beat expectations while manufacturing and construction […]

Job Growth for Foreign Workers Growing Twice as Fast as for Native Born Americans.

Job growth for foreign born workers is growing more than twice as fast as it is for native born American citizens, newly released labor data reveals. According to the May 2018 Jobs Report, employment for foreign born workers grew three percent over the last year. In the same time period, employment for native born Americans […]

Flashback: Hillary Predicted Trump’s Tax Plan Would Destroy Millions of Jobs. It’s Doing Precisely the Opposite.

At the final 2016 presidential debate, Hillary Clinton cited “independent experts” (namely, this guy, whose predictions about President Trump’s impact on the economy have been proven laughably wrong thus far) in asserting that Trump’s tax plan would cost the US millions of jobs and risked plunging the economy into another major downturn — the latter […]

U.S. Budget Just Made History: Best Month Ever.

In April, the federal government took in a record sum of $515 billion in taxes, according to a newly released Congressional Budget Office report. During that time, we spent $297 billion. Yes, you read that correctly: We actually took in more than we spent — a lot more. That $218 billion surplus is, in fact, […]

Record exports cut US trade deficit to $49 billion.

WASHINGTON (AP) — Record exports trimmed the U.S. trade deficit in March, the first drop in seven months in a massive gap that President Donald Trump is determined to shrink with an aggressive America first policy. The Commerce Department says the trade deficit — the difference between what America sells and what it buys in […]

Black, Hispanic unemployment rates hit record lows in April.

The unemployment rate for black workers hit the lowest on record in April, according to the latest jobs figures released by the Bureau of Labor Statistics Friday. The unemployment rate for black workers dropped to 6.6 percent, beating the previous record low of 6.8 percent set in December. The jobless rate for Hispanics fell to […]

Numerous states — both red and blue — are experiencing record-low unemployment.

Fourteen states have reached record-low unemployment rates in the past 12 months. (Joe Raedle/Getty Images) States with a wide variety of political and economic profiles have hit record-low unemployment rates over the last year, according to the Bureau of Labor Statistics. Fourteen states have set records for low unemployment over the last year, including eight that set […]

Food Stamp Usage Drops over Half-Million in a Single Month.

More than half a million people dropped off the food stamp rolls in a single month, according to the latest figures from the U.S. Department of Agriculture (USDA). The USDA data reveals that a total of 587,792 people discontinued their participation in the Supplemental Nutrition Assistance Program (SNAP) between December 2017 and January 2018. The latest numbers […]

Big Shift: Large Majority of Voters Now Crediting Trump, Not Obama, For Economic Gains.

An interesting polling result for a few reasons, not the least of which is the fact that Q-polls have been pretty terrible for Republicans in the Trump era. First off, the trajectory here is good for Trump. Early on in 2017, Obama was winning the strong majority of credit for an improving US economy. By […]

Progressive Dem: Trump ‘Right to Raise Tariffs’ as America’s China Policy Has Been ‘Schizophrenic’

A couple walk by an American flag signboard outside a supermarket selling imported groceries at the Qingdao bonded zone in east China’s Shandong province on April 5, 2018. (Chinatopix via AP) WASHINGTON – Rep. Rosa DeLauro (D-Conn.), a member of the Congressional Progressive Caucus (CPC), expressed support for the trade actions President Trump has taken […]

Breaking: Trump hits China with billions more in retaliatory tariffs.

President Donald Trump responded to tariffs from China with a threat Thursday of $100 billion more in retaliatory tariffs. Here’s what Trump said “In light of China’s unfair retaliation, I have instructed the [United States Trade Representative] to consider whether $100 billion of additional tariffs would be appropriate,” read the statement,  according to CNN Money. “Rather than remedy […]

TWO MILLION Leave Food Stamp Rolls in Trump’s First Year — Saving Country $3 Billion Annually.

Over two million people left the food stamp rolls in President Trump’s first year in office. The Washington Free Beacon reported: The number of individuals receiving benefits from the Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, declined by more than two million in fiscal year 2017, according to data released by the […]

Podcast: What Larry Kudlow Will Do for the Nation’s Economy.

Steve Moore, a friend of Larry Kudlow, pictured, says he’s long focused on economic growth. (Photo: Brendan McDermid/Reuters/Newscom) The Heritage Foundation’s Steve Moore joins us today to talk about the announcement that his friend Larry Kudlow, who worked in the Reagan administration and on CNBC, will become director of the National Economic Council. Moore and […]

BREAKING: President Trump Has Chosen His Next Economic Advisor.

President Trump has chosen economist Larry Kudlow to replace Gary Cohn as his senior economic advisor and leader of the National Economic Council. Kudlow, best known for his time as a host on CNBC of “The Kudlow Report,” will join the administration in the coming weeks. Cohn is leaving on good terms after disagreeing with […]

Why Trump’s Tariff Declaration Is Brilliant.

President Trump is the most masterful negotiating presence in the White House of not just the modern era, but in American history. You free-trade establishment types need to pipe down, listen up, and learn a thing or two. In the president’s brief statement Thursday in the signing of the tariff declaration, Trump let slip a […]

Private-sector jobs grow by 235,000 in February, vs 195,000 expected: ADP/Moody’s Analytics.

* Private payrolls rose by 235,000 in February, well above Wall Street estimates of 195,000, according to a report from ADP and Moody’s Analytics * Growth actually decelerated slightly, as January posted an upwardly revised 244,000 from the initially reported 234,000. * The Moody’s/ADP report precedes the more closely watched Labor Department nonfarm payrolls count, […]

Donald Trump Resolute on Tariffs and Trade: I Was Elected to Protect Our Workers.

President Donald Trump was resolute on his proposed tariffs on steel and aluminum, promising to stand for American workers despite complaints from foreign leaders and company CEOs in the United States. “I’m here to protect and one of the reasons I was elected was I’m protecting our workers, I’m protecting our companies,” Trump said during a […]

President Trump wants better NAFTA deal or he won’t budge on tariffs.

As negotiators head into the final day of re-negotiating the 24-year-old North American Fair Free Trade Agreement, the Trump administration has made it clear it won’t budge on steel and aluminum tariffs unless a new NAFTA agreement is signed. The seventh round of the nearly yearlong NAFTA renegotiations will conclude Monday in Mexico City. U.S. […]

U.S. Jobless Claims Hit Lowest Level Since 1969.

WASHINGTON—The number of Americans filing new applications for unemployment benefits fell last week to the lowest level since December 1969, offering fresh evidence of health in the labor market. Initial jobless claims, a proxy for layoffs across the U.S., declined by 10,000 to a seasonally adjusted 210,000 in the week ended Feb. 24, the Labor […]

Whistleblower: Stock Market ‘Fear Gauge’ Is Being Manipulated.

During President Trump’s first year in office the Dow broke every significant record imaginable. Below is a list of the records during President Donald J. Trump’s first year in office. Point Increases Trump’s first year in office was the greatest year in stock market history! The Dow hit a record number of  all time high […]

Dow Jumps 400 Points After Worst Week In Two Years.

The Dow Jones Industrial Average climbed more than 400 points Monday, extending the recovery that began Friday after the stock market’s lowest performing week in two years. Energized by low stock prices coming off the more than 10 percent drop from its January high point, investors pushed the Dow to its best two-day gain — […]

America First: Check Out How 11 Of The Country’s Biggest Companies Are Helping Workers After Trump’s Tax Cuts.

When Donald Trump took office, he promised he would “make America great again.” One of the ways he said he would achieve this was to bring companies back to the United States by implementing a competitive corporate tax rate. He made good on his promise when he signed his new tax plan, which dropped the […]

Prosperity: January Jobs Report Beats Expectations With 200K Jobs Added, Wages Grow at Fastest Rate in Years.

Somewhere, Nancy Pelosi is chewing the inside of her cheek as she glares icily at a life-size Donald Trump ‘FatHead’ decal she’s plastered onto the ceiling over her bed.  Yes, friends, the news for the US economy and American workers is that good.  In all seriousness, the January jobs report isn’t a blockbuster, but it’s […]

List of Tax Reform Good News.

300 companies announce tax reform bonuses, raises, or 401(k) hikes Norquist:“Every two weeks from February to November Americans will be reminded that one party cut their taxes and raised their pay. And the other tried to stop it.” At least 300 companies have announced tax reform bonuses, pay raises, or 401(k) hikes, according to a […]

America First Triumphs in Davos.

Quote: “America is open for business, and we are competitive once again.” End quote. That was just one of the key lines in President Trump’s highly successful Davos speech this week. Of course, in going to Davos, Trump entered the lion’s den. A year ago such a visit would have been a poor idea. Back […]

CHECK THIS OUT=> Yesterday’s GDP Reported by US BEA More Than One Point Below Predictions at 2.6% …Is BEA Deep State Too?

As we noted in December Barack Obama was arguably the worst economic President since 1949 and probably ever. Barack Obama was the only President to have not had even one year of 3% GDP growth. Here is the complete list of average annual real GDP growth by postwar president (in descending order): Johnson (1964-68), 5.3% […]

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