Tag Archives: Economy

Enumerati

Voters Think the Economy Is Getting Worse

37%

A new Quinnipiac poll finds that since the first time since the 2016 election, more voters say the economy is getting worse than say it’s getting better. Voters still think the economy is good, but of those polled, 37% say the economy is getting worse, compared with 31% who say it’s getting better and 30% who say it’s staying the same.

News & Comment

The King of Debt, as Trump Called Himself, is Earning His Crown

As tempting as it is to tune out news about the debt ceiling and budget deals, it’s time to pay attention. The excellent Daily 202 from James Hohman and the Washington Post breaks down how bad red ink has gotten under Trump.

Estimated deficit for 2019: $1 trillion +
Deficit for 2018: $779 billion
Deficit for 2016: (Obama) $587 billion

National debt as of July, 2019: $22 trillion
National debt at Trump inauguration: $19 trillion

As we remember, Pres. Obama used debt to successfully stimulate an economy that was collapsing as he took office.

Trump used debt to finance a huge tax break for corporations and rich folk, which he and the Republicans said would make things better for us average Joes.

Here’s the full quote: read more »

Enumerati

Employment Numbers Look Good

2363,000

New York Times: “Employers added 263,000 jobs last month, underscoring the economy’s resilience after some analysts had feared earlier in the year that a slowdown was coming. … The unemployment rate was 3.6 percent, the lowest level of the 10-year recovery, down from 3.8 percent in March.”

Enumerati

Trump Approval on Economy Hits High

56%

A new CNN poll finds 56% of Americans say President Trump is doing a good job on the economy, a new high for his economic approval ratings.

Enumerati

Most Say They Haven’t Benefitted from Good Economy

12%

A new Monmouth poll finds just 12% of Americans say that their family has benefited a great deal from recent growth in the U.S. economy and another 31% say they have received some benefit from the economic upturn. A majority, though, say they have been helped either not much (27%) or not at all (27%) from the nation’s macroeconomic growth.

Enumerati

Trump’s Rating on Economy Hits New High

56%

A new Gallup poll finds President Trump’s rating for handling the economy, 56%, is the highest of his presidency and the highest of his approval ratings on any of 14 domestic and foreign issues tested. At the same time, his overall 43% job approval rating is essentially unchanged from a month ago but appears to be stabilizing at a higher level than it had been in late 2018 and early 2019.

News & Comment

A Tale of Two Lifestyles

As federal workers borrow from their kids, max out their credit cards, sign up as dog sitters, and even write paid online makeup reviews, federal elected officials are enjoying a very different lifestyle.

Don’t look into the eyes
Florida’s new senator, Rick Scott, is set to be feted tonight by the New Republican PAC at an event they’re calling the “Sunshine Ball” at the ritzy Andrew E. Mellon auditorium in the heart of D.C.

Donors/clients/customers/johns who attend at the “platinum level” will pay $100,000 but in return they’ll get ten tickets plus a photo opportunity, presumably with Voldemort himself.*

Not only that, but attendees will enjoy the rarefied atmosphere of the Mellon Auditorium. A D.C. venue review site describes the circa-1934 building’s, “dramatic roman doric columns, marble floors inlaid with gold, and spectacular auditorium standing more than 60 feet in height and embellished with limestone pilasters, gilded relief carvings, and polished oak where colossal luminaries, made of brass and burnished aluminum, are suspended from the ceiling.”

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News & Comment

The Tax Cut Sugar High Has Officially Worn Off

Did we really think the man who couldn’t sell steaks, vodka, or real estate, the man whose business school and nonprofit organization were court-ordered to shut down, the man who bankrupted casinos and apartment houses…did we really think that guy could make decisions that would benefit the world’s largest economy? If we did, we were wrong.

Enumerati

GDP Up in Second Quarter, Not Expected to Last

4.1%

“United States gross domestic product rose at an annual rate of 4.1% in the second quarter, up from 2.2% in the first three months of the year. It was the strongest quarter of growth since 2014,” the New York Times reports. “The second-quarter acceleration was widely anticipated by economists, a result of a confluence of events unlikely to recur. Most economists expect growth to slow in the second half of the year.”

News & Comment

Trump’s Decision to Leave the Iran Deal is Making Gas Prices Rise

The $.40 per gallon jump in gas prices over the past three months can be credited to one person, according to U.S. Rep. Frank Pallone (D-NJ).

“Thanks Trump!” Pallone says.

Senior energy analyst: “A lot of the reason for higher prices is the president’s policy on Iran…You’re going to see prices spike.”

The ranking member of the House Energy and Commerce committee traces a line that leads not straight, but up — as in the price of gas — to Trump’s decision to pull the United States out of a plan to help monitor Iran’s nuclear weapons program.

The so-called “Iran deal” also eased previous sanctions in order to encourage Iran to be a world partner.

Pallone is not the only one to make the connection.
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