Tag: Economy
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.
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: […]
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.”
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.
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.
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.
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.
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.”
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.
