Tag: Economy
Most Not Happy with Direction of the Country
36%
A new Fox News poll finds just 36% of voters are happy with how things are going in the country — down 10 points since April — while 64% are dissatisfied. Most interesting is that the shift “is not, as is often the case, tied to the economy. Positive views on the economy are higher than in more than a decade: 36% say it is in either “excellent” (6%) or “good” (30%) shape. The last time conditions were rated this positively was August 2004.”
Economy Achieves 3 Percent Growth Under Trump
3%
The U.S. economy grew at a brisk 3 percent pace in the April to June quarter, the Commerce Department said Wednesday — a report likely to be welcomed by President Trump, who has repeatedly vowed he can propel the country to faster growth, the Washington Post reports.
All the Economic News is Not Good
Trump continues to claim credit for the economic recovery that was well under way, and handed to him by Pres. Obama, when he took office. His supporters acted as if the Dow hitting 20,000 was Trump’s work alone, possibly because their guy told them so. As the unemployment rate continues the decline it was already experiencing under Obama, Trump will no doubt bask in the glory.
But there’s another economic number that Trump can rightfully own. The decline in the strength of the U.S. dollar is all on him.
Economy Stagnated in Q1
0.7%
The Commerce Department said the U.S. economy barely grew in the first quarter of 2017, expanding at an annual rate of only 0.7 percent. Associated Press: “The slowdown primarily reflected slower consumer spending, which grew by just 0.3 percent. That was the poorest showing in more than seven years.”
Only 98,000 New Jobs in March
98,000
The U.S. economy added only 98,000 jobs in March, well below expectations, though the unemployment rate dropped to 4.5%, its lowest since May 2007, the Wall Street Journal reports.
Majority Says Economy Doing Well — Most Since 2008
58%
A new Pew Research survey finds 58% of Americans say the economic situation “is very or somewhat good.” “This is the most positive assessment of U.S. economic conditions since 2007, and only the second time that half or more of those surveyed have given the economy a thumbs-up. Driving the latest increase is a jump among Republicans over the past year.”
Poll: No Consequences for Those Who Vote to Repeal Obamacare
A new poll shows Americans oppose repealing Obamacare by only three to one. This should come as welcome news to Republicans poised to back the Trumpcare bill. The vote, at press time, was set for just before the north and south poles flip and our robot overlords take power, according to the official Congressional schedule.
Unfortunately, there actually is welcome news for Republicans in the survey, which was conducted by Quinnipiac University. About half of those responding essentially said a yes vote would have no political impact for elected officials, since it either makes those polled more likely to support that person for re-election (19 percent) or would have no effect on their vote (29 percent).
