#economy

Business & Finance | Economics

Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump

The stronger the economy gets under President Trump, the more desperate his critics are to hand credit for the economic boom to Obama. Even if that entails changing the past.

Politics | Politics

Why Trump’s economy could be downhill from here - POLITICO

The latest POLITICO Money podcast explores how long the economy’s happy days might last, and what could trigger the next recession.

News | The News

Jack Lew Criticizes Trump Trade, Interrupted by News It's Working

"I'm in a little bit of a bad position to respond..."

Business & Finance | Economics

Fed's Beige Book Economic Report Another Vindication for Wilbur Ross

Manufacturers say they are worried about tariffs and the tight labor market. But consumers are not feeling the bite of rising costs. | Big Government

Business & Finance | Economics

Powell backs more rate hikes as economy growing 'considerably stronger'

The U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday.

Politics | Politics

'Labor shortage' is good news for workers - Business Insider

Opinion: For now, the coming "labor shortage" is good news for workers. We should root for it to continue. It's undoubtedly a headache for some owners and managers. But it's one they should, hopefully, be made to live with for a few years.

News | The News

The new 1040: A look at the proposed draft | Fox Business

The form is less than one page, but may require additional documents.

Business & Finance | Economics

A Very Trumpian May: American Incomes and Savings Rose While Utility Bills Fell | Breitbart

Tax cuts have lowered utility rates this year, leading Americans to spend less on gas, water, and electricity. With incomes rising, this has helped push up the saving rate.

Politics | Other Politics

Evidence That New Tariffs, Not Immigrants, Are Costing Jobs

Donald Trump promised more jobs by raising tariffs. Research shows the new tariffs are costing workers their jobs.

Politics | Politics

Bill Maher: ‘Bring on the Recession’ if It Will Remove Trump | National Review

The HBO comedian said on his show Friday that he was ‘hoping’ for the American economy to tank and take the president’s political career with it.

Politics | Politics

We Ran Out of Words to Describe How Good the Jobs Numbers Are

The economy is in a sweet spot, with steady growth and broad improvement in the labor market.

Business & Finance | Economics

Food Stamps, Disability, Welfare, Medicaid Enrollment Plunges,

Welfare: Earlier this month, the government reported that enrollment in food stamps plunged by nearly 600,000 in one month. Is this part of a broader trend toward greater self-reliance?

News | Interesting Links

These Maps Show How to Unlock North Korea's Economy - Bloomberg

The prospect of a summit between Donald Trump and Kim Jong Un this month is sharpening focus on the dividends should North Korea -- one of the world’s poorest nations -- become plugged into one of the globe’s most dynamic economic regions.

News | The News

The US economy suddenly looks like it's unstoppable

In the face of persistent fears that the world could be facing a trade war and a synchronized slowdown, the U.S. economy enters June with a good deal of momentum.

News | The News

Atlanta Fed Boosts Second Quarter GDP Forecast to 4.8% | Breitbart

The GDPNow forecast has been climbing higher following the releases of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs r

Politics | Politics

New Milestones in Jobs Report Signal a Bustling Economy - The New York Times

With a gain of 223,000 jobs and unemployment at its lowest point since 2000, the trends are encouraging but unlikely to prompt the Federal Reserve to intervene.

Business & Finance | Economics

Trump Policies Pushed U.S. Back Into No. 1 On Competitiveness Ranking

Have Donald Trump's policies had a big impact on the U.S. economy and its competitiveness? The answer, we think, is an obvious yes. Now comes a new report, based mainly on "hard" data, that confirms that.

Politics | Politics

Poll: Two-Thirds of Americans Give Trump Credit for Economy | Breitbart

Sixty-eight percent of adults -- and of swing-voting independents -- give credit to President Donald Trump's policies for the good economy, according to a new CBS poll.   - economy | 2018 Elections

Politics | Politics

Democrats’ Resistance Narrative Is Crumbling. Republicans, Step Up Your Game. | National Review

Message to suicidal congressional Republicans, especially senators: Step in from the ledge and legislate.

Politics | Politics

The Numbers Are in: April Marks the Best Month in History for the US Budget

We can thank "stronger-than-expected" economic growth last year and early this year.

Politics | Politics

Corporate America's Spending Roars On, and These Charts Show Why - Bloomberg

An elixir of tax relief, a less-stringent regulatory landscape and healthier global demand is unleashing a heady pace of capital spending by corporate America.

News | The News

After Trump tax cuts, most households give thumbs-up to US economy | Fox Business

A University of Michigan survey marks the first time since 2009 that most thought the government is doing a “good job.”

News | The News

Earnings Are Beating Expectations at Fastest Rate Ever - Bloomberg

It’s been a banner earnings season so far, at least compared to expectations.

Politics | Politics

Poor Fiscal Policy Mortgaged State's Future - Hartford Courant

Op-ed: Connecticut's economy is at a crossroads because of poor fiscal discipline and pension liabilities that threaten the future prospects for out children, says Don Klepper-Smith.

Business & Finance | Economics

The Trump Economy, One Year In: A Success By All Measures | Investor's Business Daily

One year into President Trump's first term, the economy is on a roll, creating wealth, income and jobs for Americans. Trumponomics is working.

Business & Finance | Economics

Trump's Deregulation Binge Shows No Signs Of Ending | Investor's Business Daily

While the media-driven scandals du jour roll on, President Trump quietly goes about reshaping the U.S. economy. How? By deregulating it. The red-tape cutting strategy is working, and Trump's not done yet.

Business & Finance | Economics

Report: Trump's Immigration Policies Raising Restaurant Wages | Breitbart

Because of tighter enforcement, kitchen workers have more clout to seek wages and promotion.

Business & Finance | Economics

Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves, CBO Report Says

When the Congressional Budget Office released its updated budget forecast, everyone focused on the deficit number. But buried in the report was the CBO's admission that it vastly overestimated the cost of the Trump tax cuts, because it didn't account for

Politics | Politics

The U.K. Is Doing Just Fine, Thanks - WSJ

Despite dire forecasts surrounding Brexit, the U.K. has had a strikingly good year. Leaving the EU may well boil down to far less, economically, than anyone thought.

News | The News

U.S. Consumer Confidence Hits 14-Year High - WSJ

U.S. consumers’ confidence reached a 14-year high this month, as lower-income households reported feeling more optimistic about the economy.

News | The News

Fed Beige Book: Tax overhaul is boosting US wages | Fox Business

Businesses saw “modest increases in compensation” after passage of the $1.5 trillion package, according to the central bank.

News | The News

The Fed's Lael Brainard Doesn't Fear Inflation or a Trade War - Bloomberg

When Fed governors speak, listen carefully. What you hear might surprise you.

Business & Finance | Business

Apple announces $350 billion investment

Apple is the latest company to announce an increase in investment in the U.S. following last year's new tax bill.

News | News

Israel - A Successful Powerhouse in the Collapsing Middle East

Israel's economy is booming. The failure of the Arabs and BDS movement campaigns to destroy it are as spectacular as the Arab failures to defeat Israel in the battlefield.

Politics | Trump Politics

And The Hits Just Kept Coming: The Greatest (False) Predictions Of 2017 | Stock News & Stock Market Analysis - IBD

Since Trump was elected, the stock market is up by more than a third and the economy is again growing over 3%. How could so many pundits be so wrong?

Business & Finance | Business

End of the checkout line: the looming crisis for American cashiers | Technology | The Guardian

Donald Trump is fixated on a vision of masculine, blue-collar employment. But the retail sector has long had a far greater impact on American employment – and checkout-line technology is putting it at risk

Politics | Politics

Tourism under Trump: Can recreation in Appalachia revive a struggling economy?

It’s mid-April, and the New River flows lazily past the town of Thurmond, West Virginia between ridges marked by the mix of leafless brown and electric green that signals the moment just before nature explodes

News | The News

New study casts doubt on the benefit of Seattle's $15 minimum wage - Jun. 26, 2017

Two new reports come to very different conclusions about how the wage hike is playing out.

Science & Technology | Israeli Innovation

Top Israel VC Says Startup Nation Adds U.S. Economic Growth - Bloomberg

Jon Medved, the Israeli venture capitalist who backed Shopping.com and built investment platform OurCrowd, says tightening technology ties with the Trump administration and allowing Israeli companies to continue to open branches in the U.S. will benefit b

Miscellaneous | Other Stuff

Think nothing is made in America? Output has doubled in three decades - MarketWatch

Factories are running at close to a record pace, writes Rex Nutting.

Miscellaneous | Interesting Links

A Cashless Economy in Zimbabwe? With Little Cash, There’s Little Choice

Debit card machines are proliferating in churches, supermarkets and nightclubs as anxious Zimbabweans hoard American dollars or take them out of the country.

News | That's News to Me

Brace Yourself: How You Will Pay To Rescue ObamaCare - Forbes

Either through higher premiums or through a taxpayer funded bailout, Americans will pay for the disaster that the ACA is fast becoming.

Miscellaneous | Interesting Links

Reality check: Manufacturers returning to U.S. may mean jobs for robots, not people

Here’s a little reality check on the current presidential campaign and promises by both Donald Trump and Hillary Clinton to bring back jobs from overseas.

Miscellaneous | Other Kinds of Whatnot

The Unsexy Truth About Millennials: They’re Poor - The Daily Beast

If you’re wondering why millennials don’t have much sex, and don’t buy cars, forget social theorizing: the harsh truth lies in their near-empty wallets.

Politics | Other Politics

President Obama Weighs His Economic Legacy - The New York Times

Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a theory.

Politics | Politics

Another Climate Alarmist Admits Real Motive Behind Warming Scare

Global warming alarmists have effectively sown fright but done a poor job of hiding their real motivation. Another reveals what’s driving the climate scare.

Politics | Obamacare

CBO Misses Its Obamacare Projection by 24 Million People

Three years ago, on the eve of Obamacare’s implementation, the Congressional Budget Office (CBO) projected that President Obama's centerpiece legislation would result in an average of 201 million people having private health insurance in any given month of 2016. Now that 2016 is here, the CBO says that just 177 million people, on average, will have private health insurance in any given month of this year—a shortfall of 24 million people.

Politics | Politics

Obama’s Economy In 9 Charts

Unemployment hit 5 percent in October and the economy added 270,000 jobs in an unexpectedly strong showing that is good news for the White House. But wages are stagnant, more than 95 million Americ

News | The News

This is What Happened to Chipotle’s Menu After the SF Minimum Wage Hike

In order to compensate for having to pay their employees more, businesses hike up their prices, no doubt turning off customers to their services. Either that, or they employ fewer people, making acquiring a job that much more difficult for the unemployed.

Politics | Obamacare

Obamacare fails to bend the cost curve

The ACA is forcing health insurers to raise rates and consolidate. Will anyone learn their lesson from this?

Family & Parenting | Family and Parenting

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Politics | Obamacare Fallout

CBO: Repealing Obamacare would boost economic growth | WashingtonExaminer.com

Repealing Obamacare would boost economic growth by an average of 0.7 percent after several years, according to an analysis by the Congressional Budget Office released on Friday. CBO has determined what many in Congress have known all along, Republican Sen

News | News

Israeli companies bring jobs to American cities | The Times of Israel

In one week, 3 Israel-based firms opened or finalized plans to build new facilities in the US, and with it employment opportunities

Business & Finance | Economy

By Its Own Criteria, the Obama Administration Is An Economic Failure | Power Line

Lately there has been a fair amount of happy talk from liberal pundits about our supposedly robust economy. Such optimistic evaluations have been guarded, since everyone knows that the jobs picture...

Business & Finance | Economy

This Chart Shows How Labor Force Dropouts Mask The Unemployment Rate

If you take labor force dropouts into account, the U.S. unemployment rate picture is a lot uglier than it appears.

Politics | From the HuffPost

3 Reasons Why Americans Should Be Cautious of $2 Gas Prices

Though falling gas prices are affording Americans some financial breathing room, the dramatic drop is in no way an indication that we are approaching utopia....

Politics | The American Experiment

Fewer US-Born Americans Have Jobs Now Than in 2007 | The Daily Caller

Almost half of new jobs added since 2010 have gone to migrants

Politics | The American Experiment

The Legacy of Debt: Interest Costs Poised to Surpass Defense and Nondefense Discretionary Spending - Real Time Economics

The budgetary impact of the federal debt--$18 trillion in total, $13 trillion of that owed to the public--will reassert itself in coming years.

Politics | The American Experiment

The Big Lie: 5.6% Unemployment

Here's something that many Americans -- including some of the smartest and most educated among us -- don't know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Politics | The American Experiment

Speaking of Underinflated Balls. . . | Power Line

Did you catch the economic news yesterday? The U.S. economy hit “speed bumps,” according to the Wall Street Journal’s lede story, but it would appear that those berms may be quicksand traps. Fourth...

Business & Finance | Economy

Solving the Puzzle of Stagnant Wages

In The Wall Street Journal, Ed Lazear writes that evidence points to growing government regulation like Dodd-Frank and policies that discourage investment.

Politics | The American Experiment

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Business & Finance | Economy

About that 5% GDP Growth Rate… | Power Line

Politics | Interesting Links

The Progressive Income Tax: A Tale of Three Brothers - Prager University

The Progressive Income Tax is one of those economic terms that gets bandied about, but few actually know what it means or how it works. This tale of three similar brothers with three different incomes (but one shared expense) helps explain the tax system

Politics | Interesting Links

How to Solve America's Spending Problem - Prager University

Everyone complains about America's debt, and rightly so, but how do we get out of it? As Cato's Michael Tanner explains, spending on entitlement programs -- Social Security, Medicare and Medicaid -- has exploded in recent decades. We must slow their growt

Business & Finance | Business & Finance

Oops! China Overtakes US As World's Largest Economy - Business Insider

It's official: The Chinese economy has more spending power than the US.

Politics | Politics

BILL CLINTON: Executives Think The US Tax Code Is 'Crazy' - Yahoo Finance

Bill Clinton is calling on the US to follow other countries around the world and lower its corporate tax rate to reduce so-called corporate "inversions" — the controversial practice of relocating a company headquarters overseas to take advantage of lower rates. When executives now look at other countries' tax codes, they think the US system is "crazy," Clinton said.

News | The News

Incomes fell for most families in past three years, while top 10 percent prospered: Fed - Washington Times

Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve.

Miscellaneous | Other Interesting Stories

Grocery Deliveries in Sharing Economy

Instacart matches independent contractors who are good at grocery shopping with customers too busy to shop for themselves.

News | The News

U.S. businesses are being destroyed faster than they’re being created.

The American economy is less entrepreneurial now than at any point in the last three decades.

Politics | Budget & Economy

Another study confirms economy was destroyed by Big Government‏

In another devastating blow to the outrageously false, debunked Democrat narrative that it was deregulation and too little government that destroyed the economy