Americans: Economy Good; State of the Nation, Baad

75%

A new CBS News poll finds 75% of U.S. adults say the economy is in good shape, the highest in almost 20 years. “Still, when asked about the state of the union today, views are mostly negative. Fifty-six percent of Americans say things are fair or bad, while 44% say great or good. Opinions divide starkly along partisan lines. Most Republicans say the state of the country is great or good, while most Democrats say it’s fair or bad.”

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: […]

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.

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.”

[…]

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.

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.”