The war on employers is over for now. No more threats of higher taxes, more regulations and increased wages. Now American employers are free to hire, invest, expand and take a little risk.
I have to wonder if today's left still believes that a rising tide lifts all boats?
If Obama only had two more years, right?
https://www.realclearpolitics.com/articles/2018/05/30/the_mojo_of_trumponomics_137147.html
One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems, from poverty to inner-city decline to lowering the national debt.
We're not quite at a sustained elevated growth rate of 3 percent yet, but the latest economy snapshot tells us we are knocking on the door. The growth rate over the last four quarters came in at 2.9 percent, which was higher than any of the eight years of Barack Obama's presidency. Halfway through this current quarter, which began on April 1, the Atlanta Federal Reserve estimates growth at 4 percent. If that persists through the end of June, we will have reached an average growth rate of 3 percent under Donald Trump.
Not bad, given that nearly every liberal critic trashed the president's campaign forecast of 3 percent to 4 percent growth as an impossible dream. Economists such as Larry Summers, Obama's first chief economist, gloomily declared that we were mired in a new era of "secular stagnation" and that 3 percent growth was unachievable. Paul Krugman of The New York Times said it was more likely we would see flying cars than 3 percent to 4 percent growth.
I have to wonder if today's left still believes that a rising tide lifts all boats?
If Obama only had two more years, right?
https://www.realclearpolitics.com/articles/2018/05/30/the_mojo_of_trumponomics_137147.html
One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems, from poverty to inner-city decline to lowering the national debt.
We're not quite at a sustained elevated growth rate of 3 percent yet, but the latest economy snapshot tells us we are knocking on the door. The growth rate over the last four quarters came in at 2.9 percent, which was higher than any of the eight years of Barack Obama's presidency. Halfway through this current quarter, which began on April 1, the Atlanta Federal Reserve estimates growth at 4 percent. If that persists through the end of June, we will have reached an average growth rate of 3 percent under Donald Trump.
Not bad, given that nearly every liberal critic trashed the president's campaign forecast of 3 percent to 4 percent growth as an impossible dream. Economists such as Larry Summers, Obama's first chief economist, gloomily declared that we were mired in a new era of "secular stagnation" and that 3 percent growth was unachievable. Paul Krugman of The New York Times said it was more likely we would see flying cars than 3 percent to 4 percent growth.
