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Economy

Support for Trump’s ‘America First’ Trade Policy at All Time High

Support for President Donald Trump’s style of economic policy is at a 25-year high, according to the Gallup polling agency.

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Support for President Donald Trump’s style of economic policy is at a 25-year high, according to the Gallup polling agency.

Gallup research found that support for an “America First” trade policy is stronger than ever and began growing by leaps and bounds once Trump entered the White House.

“‘America first’ makes sense to Americans on trade,” a new Gallup analysis of polls conducted in the past two years revealed to readers. The polling firm compared historic data dating back to 1997.

“Bipartisan consensus has emerged that foreign trade is good,” Gallup senior analyst Lydia Saad added. “Americans’ broad view of trade is the most positive it has been in more than a quarter-century.”

Trending: Liberal Couple Runs Bike-Riding Teen Trump Supporters Off the Road

Clearly Trump’s populist ideas on trade are extremely popular.

“As of February 2019, nearly three in four U.S. adults (74%) believe trade represents an opportunity for economic growth through increased U.S. exports,” Saad continued. “Barely one in five (21%) see trade as more of ‘a threat to the economy from foreign imports.”

Saad also said support for an America First trade scheme is bipartisan, too.

“Both Republicans and Democrats have become more positive about trade over this period of improving economic conditions,” she said. “However, support for trade among both groups jumped sharply after Trump took office in 2017.”

The Gallup poll numbers report the following data:

1). 70% of Americans say trade with other nations has a positive effect on “innovation and development of new products.”

2). 67% say international trade has a positive effect on U.S. economic growth.

3). 63% say trade has a positive effect on American businesses,

4). 58% say trade has a positive effect of the quality of products.

5). 51% say trade has a positive effect on jobs for U.S. workers.

Follow Warner Todd Huston on Twitter @WTHuston.

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Economy

Donald Trump’s Economy ‘Eclipsing’ Obama’s In ‘Every Area’

Trump economic adviser Larry Kudlow noted that the Trump economy has eclipsed Obama’s failed policies in “almost every area.”

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Trump economic adviser Larry Kudlow noted that the Trump economy has eclipsed Obama’s failed policies in “almost every area.”

Kudlow added that the Trump administration is “paving the way for more than a decade of economic growth.”

The president’s chief economic adviser’s comments come on the heels of Barack Obama’s attempt to take credit for the booming Trump economy.

“[11] years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama laughably tweeted on Feb. 17.

Kudlow responded saying that he was not trying to “knock Obama,” but his claims that he created Trump’s booming economy were laughable. Kudlow added that “coming off a very deep recession like that [in 2008 when Obama was elected], we shouldn’t have had 2-percent-or-less growth, which is what that administration produced. We should have had 8 [percent] or 10 percent growth.”

The adviser went on to insist that Obama killed his own recovery with high taxes, bloated budgets, and overweening regulations.

Kudlow added that Trump policies have brought significant economic stability.

“In just three years … we’ve created 500,000 manufacturing jobs, and that fell under Obama. Blue-collar workers are in a boom, the bottom half [of Americans] are outperforming the top half in terms of wage growth. Actually, the bottom quarter of the workforce, their wages are growing at about 4.5 percent. … The top quarter is only at about 3 percent,” Kudlow said.

“We’ve had lower unemployment across the board in every minority group … blue-collar, white-collar, women, millennials,” Kudlow concluded. “Inequality, because of this boom in blue-collar wages, is narrowed. So you have more growth, lower unemployment, less inequality and … there’s a women’s boom going on here.”

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Economy

Obama Tried to Take Credit for Trump’s Booming Economy, The Backlash Was Swift

On Monday commie Obama tried to take credit for America’s booming Trump economy with a tweet about his signing of the “Recovery Act.”

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On Monday commie Obama tried to take credit for America’s booming Trump economy with a tweet about his signing of the “Recovery Act.” The backlash against Obama’s absurd claims washed back over him almost immediately.

On Monday morning, Obama jumped to Twitter to proclaim himself to be the king of economic recoveries.

“Eleven years ago today,” Obama piously tweeted, “near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.”

Team Trump responded quickly with a statement sent to Fox News about Obama’s “con job”:

“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Trump campaign national press secretary Kayleigh McEnany said. “Obama and Biden orchestrated the worst economic recovery in modern history.”

She added: “By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”

“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans,” she continued. “It’s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered. But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay.”

As is his wont, the president also took to his own Twitter account to fire back:

Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!

First of all, can we realize just how hilarious it is that Obama thinks signing something CALLED a “recovery act” is the same thing as actually fostering a recovery? What a dope.

But, let’s also remember that Obama’s was the weakest, worst “recovery” in U.S. history and that his rate of growth was lower than any previous president’s?

As Daily Wire noted, Forbes Magazine castigated Obama for his horrible stewardship of the U.S. economy:

“The Obama recovery of the last seven years remains the worst in postwar American history,” a Forbes opinion piece published in 2016 outlined. “Average gross domestic product (GDP) growth since the bottom of the recession in 2009 was barely above 2.1% per year. The average since 1949 is well above 4% per year during the previous 10 expansions.”

“I believe the root cause of abysmal growth is the huge tax increases imposed by Obama and the Democrats in Congress since 2008,” the piece’s author, Rex Sinquefield, explained. “The most harmful were the increase in the capital gains tax from 15 to 20 percent, the increase in top bracket income from 35 to 39.6 percent, and the new tax of 3.8 percent on investment income in the Affordable Care Act (ACA). The massive increase in regulatory burden through the ACA and Dodd-Frank bills are also crushing, but unfortunately are harder to measure.”

And who can forget: “What is he gonna do… wave a magic wand?”

Other reaction was just as shocked at Obama’s arrogance and lies:

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Economy

The Best States for Race Relations are in the South, Guess where the Worst Are?

Conditions for blacks are better today in most of the old southern states. On the other hand, the worst places in the upper Midwest.

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According to a new survey, in this Trump era, conditions for blacks are better today in most of the old southern states. On the other hand, the worst places for minorities appear to be in the upper Midwest and near west.

Liberals like to pretend that America’s southern states are filled with mouth-breathing racists. But the new survey by career company Zippia finds that the old “racist south” accusation is a canard and the real problems are in the northern part of the country, not the southern one.

In fact, according to Zippia’s criteria, the old south has nearly all the states deemed most favorable to minorities. The only exception appears to be Louisiana as far as the jobs site is concerned.

“For Black History Month, we sought to highlight which states have made the most progress in key areas- and which states have the furthest to go,” Zippia said on its website on Monday.

The worst states for blacks appear to be states such as Illinois, Ohio, Wisconsin, Indiana, Pennsylvania. Michigan, and the other surrounding states. Meanwhile, Florida, Georgia, Tennessee, Texas, Arkansas and other southern states are far more ideal for up-and-coming blacks looking to improve their lives.

Zippia reported the worst states as:

  1. Wisconsin
  2. Iowa
  3. South Dakota
  4. Connecticut
  5. Minnesota
  6. Kansas
  7. New Hampshire
  8. Ohio
  9. Maine
  10. Louisiana

You can’t help but notice that many of these states are liberal states. Of that worst ten list above, only Louisiana is supposed to be a “conservative” state.

On the other hand, the top ten best states are:

  1. Mississippi
  2. Florida
  3. Delaware
  4. Maryland
  5. Texas
  6. Hawaii
  7. California
  8. Georgia
  9. Tennessee
  10. Wyoming

While the top ten is split between blue and red states, the top 20 is more revealing because the other ten is dominated by southern states.

Here is the site’s criteria to rank the states:

We ranked each state in four areas:

  • Income Gap (Higher is worse)
  • Education Gap (Higher is worse)
  • Home Ownership Disparity (High is worse)
  • Black Americans Incarceration Rate Per 100,000 (Higher is worse)

To calculate the income gap, we turned to the American Community Survey. We didn’t simply analyze median incomes because our goal wasn’t to find to states where Black Americans earn the least, but where they earn comparatively less. Instead, we calculated the percent difference between median white and median black incomes. The greater the disparity, the greater the wage gap, and the further the state has to go towards equality.

Our education data came from the ACS, as well. Similar to income, we determined the difference between Black Americans with a Bachelor’s Degree and White Americans. Since college graduates have higher lifetime earning potentials and face lower risk of unemployment, it felt like an important metric to evaluate.

Owning a home is the American dream and an important part of passing on generational wealth. With this in mind, we, once again turning to the ACS, compared in each state the rate of Black American home ownership to White American home ownership to determine the home ownership disparity.

Our data on incarceration rates came from the Sentencing Project Organization. It looked at the number of Black Americans incarcerated per 100,000.

In any case, it is interesting to note that it isn’t so bad to be a black person in the south these days. That is quite a different reality than the media claims, isn’t it?

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Economy

Illinois Joins Ten Other States in Legalizing Recreational Marijuana

Is a national end to pot prohibition right around the corner?

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Folks, the legalization of marijuana at the national level is fast approaching, and it would be a silly and futile waste of time to step in front of this economic train as it rolls down the tracks.

No, you don’t have to enjoy using the drug or its derivatives to benefit from its legalization, either.  The “side effects” of the end of pot prohibition have been studied in-depth in places like Colorado and Washington State, and the verdict is in:  Legal weed reduces opioid dependence, increases tax revenue, and creates an incredible amount of jobs.

Furthermore, with Canada and Mexico having legalized cannabis, this leaves only America ripe for the picking by domestic drug gangs and foreign cartels – something that the people of Chicago, Illinois know all too well.

But a law taking effect on the first day of 2020 may take a bite out of even the most savage of Chiraq’s ganja-slinging squads.

New Year’s Day, Illinois became the 11th state to legalize marijuana, prompting long lines to start forming at dispensaries before sunrise.

Dispensaries were allowed to begin selling cannabis at 6 a.m. but there was a delay in some sales due to a problem with the state database that will track all marijuana sales.

Illinois residents may possess up to 30 grams of the dried flower, five grams of cannabis concentrate and 500 milligrams of THC in edibles, while non-state residents may possess only half as much.

The move will also allow many Illinois residents to reagin their dignity as well.

The first day of legal sales follows Illinois Gov. J.B. Pritzker granting more than 11,000 pardons to people convicted of low-level marijuana convictions.

“The war on cannabis has destroyed families. It has filled jails and prisons with nonviolent offenders. It has disproportionately affected black and brown communities,” Pritzker said at a press conference Tuesday.

Well over thirty states have some form of legal, medical, or decriminalized marijuana laws, signaling that a national end to pot prohibition can’t be far off.

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Economy

‘Phase One’ China Trade Deal Scheduled for Early 2020 Signing Ceremony

American agriculturists are celebrating the breakthrough.

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It appears as though some much needed economic relief could be coming to American agriculturists early in 2020.

For months on end, a trade war between China and the United States has been raging as negotiations between the two economic powerhouses came to a chilly standstill.  President Trump believed that China was simply stymying the trade talks in order to wait out his first term, hoping then to be dealing with a much kinder, simpler Democratic President.

With Trump still very much a contender for 2020, however, the beancounters in Beijing have taken a new, more conciliatory approach, and the “Phase One” trade deal between these two nations is expected to be signed within weeks.

President Donald Trump said Tuesday that he plans to sign a preliminary trade deal with China on Jan. 15 in Washington and will travel to Beijing later in 2020 to begin talks on a phase two agreement.

“I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15,” Trump wrote on Twitter. “The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!”

The two sides announced earlier this month they had reached a preliminary agreement on a raft of issues including financial services market openings, forced technology transfer, intellectual property protection and currency manipulation.

The deal stipulates that China will be purchasing $2 billion in US goods over the course of the next two years, with much of that money being spent on American crops and agricultural products.

Earlier in the trade negations, it became terribly obvious that American farmers in the midwest were being inordinately affected by the tariff tiff between the US and China – a scary proposition for President Trump as his team begins to court these all important, rural voting blocs.

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Economy

Nasdaq 9,000 First Time Ever

Winning!

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The Nasdaq logged its tenth record in a row today and finished above 9,000 points for the first time ever. The index closed up 0.8%.

The Nasdaq (COMP) has gained some 36% in 2019, putting it on track to make 2019 its biggest year since 2013. Stocks rose across the board as investors were coming back from the Christmas holiday when markets were closed.

Breitbart:

Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history.

The S&P 500 also posted a fresh all-time high at 3,235.46 in late morning trading while the Dow Jones Industrial Average rose about 77 points, reaching a peak of 28,596.22 before leveling off.

The rally has been gathering momentum as the year draws to a close and was pushed along Thursday on news that retail sales for the just concluded holiday season were 3.4 percent higher than 2018, including record online sales, which were up nearly 20 percent.

The late-year bull market has seen the S&P 500 rise by 2.9 percent in December and by 29 percent for the year, putting it on the verge of posting best annual performance since 1997.  More

Twitter chimes in:
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Economy

Liberal Vox Firing Hundreds of Freelancers Due to New California Employment Law

California’s nannystaters have destroyed even more jobs now that its new rules for freelancers have gone into effect.

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California’s nannystaters have destroyed even more jobs now that its new rules for freelancers have gone into effect and one of the first to fire hundreds of employees over the new law is left-wing Vox media.

According to a report at CNBC, Vox has told hundreds of its employees that work as freelancers that they are no longer going to get the contract work they used to do for the company.

The company’s SB Nation sports site will lose the most employees, according to CNBC.

“This is a bittersweet note of thanks to our California independent contractors,” John Ness, executive director of SB Nation, wrote in a post on Monday CNBC reported. “In 2020, we will move California’s team blogs from our established system with hundreds of contractors to a new one run by a team of new SB Nation employees.”

Ness also told the freelancers that some may be hired for a full-time job with Vox, and that they should all try applying for those limited number of positions that will be announced at a latter date.

Why has the left-wing website begun the mass firing? You can thank the leftists in the California state legislature for another nannystate policy that was meant to “protect” those who make a living off of “gigs,” or temporary jobs such as freelance writers, artists, musicians, and the like.

In September, the state legislature wholly controlled by Democrats passed Assembly Bill 5 which changed rules for such workers.

The left-wing legislature meant the bill as a way to attack companies like Uber and Lyft and hurt their ability to carry on like they do elsewhere. But the rules have had the unfortunate effect of destroying the jobs of hundreds of thousands of other workers.

For Vox employees, for instance, the new law prevents freelancers from being paid for a tiny 35 pieces per year. That completely destroys the careers of people who make a monthly living from freelancing.

The bill will likely destroy the livelihoods of up to one million California workers.

Thanks, Democrats.

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