June 26, 2022

US Manufacturing Slows Down, Leading Economic Index Falls for Third Straight Month

Manufacturing output in the United States declined in May after three months of averaging almost 1 percent growth, according to the latest data by the U.S. Federal Reserve. “Manufacturing output slipped 0.1 percent in May; even so, the index has advanced 4.8 percent over the past 12 months. In May, the index for nondurable manufacturing […]

US Backs Philippines Against China’s ‘Provocative Actions’ in Disputed Seas

The United States reaffirmed its backing of the Philippines after Manila lodged a diplomatic protest against Beijing over the illegal presence of over 100 Chinese vessels around its territorial zone in Whitsun Reef. “The United States supports the Philippines in calling on the PRC [People’s Republic of China] to end its provocative actions and to […]

IMF’s Economic Outlook Report Brings More Confidence to Australian PM

The latest upgrade of Australia’s economic outlook by the International Monetary Fund (IMF) has prompted Prime Minister Scott Morrison to show further confidence in his economic plan. According to the latest world economic outlook report, the projection of real GDP growth for Australia in 2022 rose to 4.2 percent from 4.1 percent in January’s report,…

Victoria Rolls out Vouchers to Speed up Post-Omicron Economic Recovery

The Victorian state government of Australia will roll out a stimulus package worth $200 million (US$144 million) to fast-track economic recovery from its COVID-19 measures as Omicron variant wave subsides. The funding announced on Feb. 21 would cover around $100 million (US$72 million) in rebate schemes to encourage people’s spending on dining…

Mayor Accuses Truckers of ‘Economic Terrorism’ as Another Canadian Blockade Formed

Mike Bradley, mayor of Sarnia, Ontario, has accused Freedom Convoy protestors of engaging in “economic terrorism” after they set up a blockade on a highway along the border with the United States. Mayor Bradley said that protests along Highway 4src2 were causing disruptions and delays along the Blue Water Bridge which connects Sarnia to the…

Biden: I Have the ‘Strongest First-Year Economic Track Record’ of Any Recent President

President Joe Biden declared on Wednesday that despite record inflation and a record trade deficit, he has the “strongest first-year economic track record of any president in the last 50 years.” “We’re ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years,” the…

POLL: Biden’s Economic Ratings Are So Bad They’re Worse Than Jimmy Carter’s In 1977

President Joe Biden’s economic ratings have sunk to lower net ratings than former President Jimmy Carter in the first December of his presidency, a CNN/SSRS poll found.The poll found that Biden holds a 45% approval rating and a 54% disapproval rating among registered voters on the economy, down from a 51% approval rating in August…

FACT CHECK: Did The World Economic Forum Send This Tweet About The Age Of Consent ‘Infringing On Human Rights’?

An image shared on Instagram claims to show a tweet from the World Economic Forum (WEF) about how age of consent laws “may be infringing on human rights.” Verdict: False There is no record of the WEF sending this tweet. Fact Check: The WEF is an international organization that “engages the foremost political, business, cultural…

Great Reset: World Economic Forum Hails ‘Quieter’ Cities as Businesses Collapse During Lockdown

The World Economic Forum (WEF) faced a barrage of criticism before deleting a social media video which praised coronavirus lockdowns for “quietly improving cities around the world”. In the video, the WEF said that as a result of people using less public transport and factories closing down during the lockdown, noise and air pollution fell…

Democratic Congressional Candidate Praises Hitler’s Courage And Economic Prowess

A Democratic congressional candidate praised Adolf Hitler’s courage and economic prowess as he compared former President Donald Trump to the notorious German dictator. “You can’t FULLY compare Trump to Hitler,” tweeted Democratic North Carolina congressional candidate Mark Judson Thursday. “Hitler wasn’t too much of a coward to serve in the Army.” (RELATED: 70% Of Russians…

Survey: 72 Percent of GOP Voters Want Trump’s Economic Nationalism to Lead Republican Party

The overwhelming majority of Republican voters want President Trump or his policies, centered on economic nationalism, to continue leading the GOP, a new survey finds. The post-election survey, conducted by Echelon Insights, found that 39 percent of Republicans and Republican-leaning voters want Trump to stay the leader of the GOP. Another 33 percent said Trump’s…

The Trump Economic Miracle.

The U.S. economy is the strongest in the world and it shows no signs of slowing down. On Friday, another incredible economic report was released as the September unemployment rate dropped to 3.7%, the lowest since 1969. Among Hispanics and Latinos, the unemployment rate was only 4.5%, the all-time lowest level in history, while among […]

U.S. Economic Growth Unrevised At 4.2% In Second Quarter.

(RTTNews) – A report released by the Commerce Department on Thursday showed the pace of U.S. economic growth in the second quarter was unrevised from the previous estimate. The report said gross domestic product increased at an annual rate of 4.2 percent in the second quarter, unchanged from the estimate released last month. The unrevised […]

Media continue attacking Trump despite his week of accomplishments and strong economic growth.

If Ronald Reagan was the “Teflon president,” Donald Trump must be the Incredible Hulk president. The more the left and the media attack him, the stronger he gets. 1. This past week was a great example. It began with CNN worrying that fears of Russian collusion had seeped into the “bloodstream” of American politics after […]

Trudeau ‘stabbed us in the back,’ did ‘a great disservice to the whole G7,’ WH economic adviser Larry Kudlow says.

White House economic adviser Larry Kudlow Trump slams ‘meek’ Trudeau for ‘dishonest’ news conference Canadian Prime Minister Justin Trudeau “stabbed us in the back” with a “double cross” at the G7 summit, National Economic Council Director Larry Kudlow said Sunday, ratcheting up already sky-high tensions between the two neighboring allies. “He holds a press conference, and […]

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 […]

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 […]

Larry Kudlow’s Long Path From Anti-Vietnam War Activist to Top Trump Economic Advisor.

With the departure of Gary Cohn from the White House National Economic Council earlier this week, influential economic commentator and nationally syndicated columnist Larry Kudlow is set to become President Trump’s new top economic advisor. An official announcement about Kudlow’s appointment is expected on Thursday. So who is Larry Kudlow? And what role would he […]

America Could Cut Immigration by 90 Percent & Retain 100 Percent of the Economic Benefits

Have you ever noticed that most of the people you work with are useless? Sure they seem busy, but most of them get precious little done. In fact, some of even them end up making work for model employees, like you—don’t they? If you’ve experienced this, then you understand how the Pareto Principle works—you just […]

Trump Effect Goes International: IMF Says Global Economic Growth To Spike Thanks To Trump Tax Bill.

The Trump effect has gone international. The recent tax reform package has yielded immense dividends to the American economy and millions of working and middle class families. Over 150 companies have issued bonuses, increased employee investments, and announced they would boost philanthropic giving. Over two million workers have received bonuses thanks to Trump’s tax bill. […]

President Trump’s 1st Year in Office an ECONOMIC MIRACLE: All Time Stock Market Highs – Most Jobs in History – Highest GDP Ever.

President Trump’s first year was Historic!  Never before has a President done so much for the economy.  The stock market is at an all time high, there are more people working than ever before and the nation’s GDP has never been higher.  Never before has a first year President done so much for the economy! […]

The Economic Impact of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act, which is expected to be signed into law today, would reform the tax code by lowering federal marginal rates for most households, corporations, and small businesses. We have revised our previous estimates of the House and Senate versions of the bill to reflect changes made by the conference committee. […]

Trump’s National Security Strategy: Economic Strength, Border Security, Ideological Warfare.

Senior administration officials describe President Trump’s National Security Strategy, formally unveiled by the president in a speech on Monday afternoon, as a statement of “principled realism” that takes “a clear-eyed view of the threats that we face and the fact that we live in an ever-competitive world” in which “the global balance of power has […]

The Long Game: Bannon Creates Political Coalition to Advance Populist Economic Nationalist Agenda and Smash the Establishment

Former White House strategist and current Breitbart News executive chairman has teamed up with conservative donors Robert and Rebekah Mercer to promote insurgent candidates to challenge the GOP establishment and create an organizational apparatus to advance the populist and economic nationalist policies championed by those candidates. Kenneth P. Vogel and Jeremy W. Peters report in the […]

Why the Democrats Oppose Economic Freedom

The seeds of the modern bureaucratic or administrative state go back to the Progressive Era of American history in the early 20th century. But progressive regulation morphed into the hyper-control of our present federal government during the New Deal. Modern students, whose history education has been directed by teachers who “accept” the reality of a […]

The Economic Cost of Harvey and Irma: $290 Billion

Hurricane Irma has slammed into Florida’s southern coast. More than two million are without power. The storm has been downgrade to a category one hurricane. We do not yet know the extent of the damage, but it’s safe to assume that it won’t be cheap. When you combine Harvey and Irma together, the cost is […]

Trump Hits 3 Percent Economic Growth – But It’s Not Covered By ABC, CBS, NBC.

The U.S. government estimated that the economy grew at an annual rate of 3 percent last quarter, but you wouldn’t know if you watched ABC, CBS, or NBC’s evening programs. The 3 percent figure was much higher than the 2.7 percent rate expected, and was the first time the GDP growth rate hit 3 percent […]

United States Imposed Severe Economic Sanctions Against Venezuela

President Donald J. Trump signed an Executive Order imposing strong, new financial sanctions on the dictatorship in Venezuela. The Statement by the Press Secretary on New Financial Sanctions on Venezuela The statement by the White House press secretary stated the following: “The Maduro dictatorship continues to deprive the Venezuelan people of food and medicine, imprison […]

It’s Official: Obama Presidency Had Worst Economic Growth in Modern Era – 4th Worst in History!

Jonathon M. Trugman at the New York Post reported this week that the final numbers for the Obama Administration are in and they are abysmal: On Thursday we closed the book on the Obama economic “miracle” — and it’s a miracle we are not in a recession. Last week the Commerce Department released its third revision […]

Economic Illiteracy: Sanders’ Reaction to Trump Carrier Deal as Backwards as You Might Expect – VIDEO

As Donald Trump and Mike Pence took their much-publicized victory lap at an Indiana manufacturing plant yesterday, Bernie Sanders — a supposed champion of working people — blasted the deal struck between the newly-elected Republican presidential ticket and Carrier to keep approximately 1,000 blue collar jobs in America. I’ll circle back to the substance behind Thursday’s splashy, celebratory announcement […]

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