{"id":33125,"date":"2018-04-16T12:14:19","date_gmt":"2018-04-16T16:14:19","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=33125"},"modified":"2018-04-16T12:14:19","modified_gmt":"2018-04-16T16:14:19","slug":"lost-in-the-partisan-hype","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=33125","title":{"rendered":"Lost In The Partisan Hype"},"content":{"rendered":"

Guy Benson<\/a> posted an article today at Townhall<\/a> about the American economy<\/a> under President Trump<\/a>.<\/p>\n

The article quotes a Wall Street Journal<\/a> article listing economic milestones:<\/p>\n

The number of Americans claiming new unemployment benefits has never been so low for so long<\/em>. \u00a0Initial jobless claims<\/a>, a proxy for layoffs across the U.S., decreased by 9,000 to a seasonally adjusted 233,000 in the week ended April 7, the Labor<\/a> Department said Thursday. This means claims have now held below 300,000 for 162 consecutive weeks, cementing the longest streak for weekly records dating back to 1967.<\/em>..The current streak eclipsed the previous longest stretch that ended in April 1970. Taking into account the size of the labor force, claims today compared to the late 1960s and early 1970s are much lower…The consistently low claims levels point to labor market health because they mean relatively few Americans are losing their jobs and applying for benefits to tide them over until they can find new employment.<\/em> After several years of consistent job growth<\/a>, firms are reluctant to let employees go in a tightening labor market in which many available workers are quickly snapped up.<\/strong><\/p>\n

Wow.<\/p>\n

Further good news:<\/p>\n

Trump\u2019s speech came amid surging optimism among American manufacturers thanks to the after-effects of the GOP\u2019s recently-implemented tax reform law. More than 93% of manufacturers have a positive outlook on their company\u2019s prospects in the U.S. economy \u2013 the second-highest level ever recorded by the National Association of Manufacturers<\/a> <\/em>\u2013 \u00a0its most recent quarterly survey revealed. Meanwhile, optimism among small manufacturers was at its highest level ever recorded throughout the survey\u2019s 20 year history; 94.5% of companies reported that they were positive about their future.\u00a0Wage growth among those manufacturers surveyed also rose at the fastest pace in 17 years…The survey showed that manufacturers expected full-time employment to increase by 2.9% on average over the next year, an all-time high by the survey\u2019s standards<\/em>.\u00a0Companies also said capital investments are likely to rise by 3.9% over the next 12 months, while inventories are expected to rise by 1.7%.<\/strong><\/p>\n

The two main causes for the economic boom are cutting the regulations that make it difficult for businesses to grow and changing the tax codes so that Americans get to keep more of what they earn. Small business is one of the main engines of job growth in America<\/a>, and changing the way small businesses pay taxes has a very positive impact on job growth. One other factor in the economic boom is the move toward American energy independence<\/a>. Low energy costs and low taxes are two things that attract foreign businesses. Because America now has both of these assets, we are more attractive as a place for foreign business to relocate. We are more competitive in the global marketplace because of the policies of President Trump. That is a really good thing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Guy Benson posted an article today at Townhall about the American economy under President Trump. The article quotes a Wall Street Journal article listing economic milestones: The number of Americans claiming new unemployment benefits has never been so low for … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9804,383,3753,11611,7506,449,10589,8401],"class_list":["post-33125","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-american-economy","tag-american-energy-independence","tag-guy-benson","tag-initial-jobless-claims","tag-job-growth","tag-national-association-of-manufacturers","tag-president-trump","tag-the-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/33125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33125"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/33125\/revisions"}],"predecessor-version":[{"id":33129,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/33125\/revisions\/33129"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}