Trade talks with China remain a wild card that can stave off an economic slowdown in 2019, or, if things go south in trade negotiations, take the economy of both countries down with it.
The Trumplican's argument as to why labor force participation hasn't increased? It's too hard, because Baby Boomers.
Despite numerous deregulation victories and his incessant bragging in 2016, Trump's economy has created more jobs than Obama's second term (post recession) economy only 7 out of the last 20 months.
At 157,000 net jobs created, the preliminary numbers in the July Jobs Report from the Bureau of Labor Statistics came in well below the 190,000 jobs expected by market watchers, and well below the average established during Obama's second term.
The Republican pundit class is lying right into our faces, pouring falsehoods and delusions right onto the heads of the tens of millions of Americans so desperate to believe in the infallibility of their political movement that they believe everything that they're told.
By all objective measures, the economy generated fewer jobs in 2017 than the previous 3 years. This isn't political punditry, it's merely a statement of fact.
GDP GROWTH DATA The GDP Growth Rate for 2017 Quarter 1 was officially 1.4%, considerably below the 15-year mean, which includes the 2007-2008 recession that makes that number considerably easier to beat. The 4-year trend from 2013 through Quarter 1 of this year continues to show a downward trend, though 2013 and 2014 were the... Continue Reading →
The economy has been moving upward since about 2015, but, from a purely political standpoint, much of this growth could be attributed to the general impression that the political winds were going to change in Washington.
One of the central pillars of socialism is that government not only can maintain control over every element of the economy but must do so.
American voters have put a gun to the head of America's future in an ultimate game of Russian Roulette.
As we look toward the end of the year and the 4th Quarter, the change in political leadership could change the economic landscape, depending on how quickly the Congress and White House can enact whatever policy they plan on pushing forward.
As the Chinese discovered thousands of years ago, the building of a wall, or hundreds of walls, as the case may be, does not actually prevent people from entering the country if that's what they want to do.
There's nothing more frustrating than watching a disaster unfold while fully knowing that it could have and should have been averted.
These companies always fail, and the reason they fail always comes down to the same miscalculation: Artificial Demand is artificial, and everyone knows it.
It is "Natural Demand" that ultimately fuels innovation and incentivizes exactly the type of risk taking that ignited the rapid growth from the late 1790's through the 1890's and early 1900's.
So what is going to happen? If anything is going to happen at all, we will need a functional, "big tent, firm foundation" political party that represents the values of enough Americans to gain political efficacy, in the next four to eight years.
To compel others to violate their conscience simply because it is "nationalist" carries the poisonous stink of Mao's Communist Party loyalty patrols.
At the heart of both of these ridiculous victim ideologies is the same bizarre question: Is one man harmed by another man if he is poorer than the other?
It's not enough to know how many jobs are being created and how fast the economy is growing, because that's just smoke and mirrors.