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Here are seven amazing facts about Trump’s economy the media do not want you to know:

  1. Latino Unemployment Hits Record Low

What that means is that the unemployment rate for Latinos is the lowest … ever … in the 45-year history of government tracking.

What that means is the Latino unemployment rate is a measly 4.7 percent.

  1. Black Unemployment Rate Hits 17-Year Low

At 7.3 percent, the black unemployment rate still needs to improve, but not since hitting 7 percent in 2000 have things looked this good, most especially after nearly two decades of double-digit unemployment.

  1. Real Economic Growth

After an unexpectedly high growth rate of 3.3 percent in the third quarter of 2017 (and that is with two devastating hurricanes), projections for the fourth quarter have edged into the magic number of 4 percent.

  1. Soaring Economic Optimism

Optimism in the American economy breeds investor confidence and consumer spending, which, in turn, drives all the creation and manufacturing and shipping of products needed to fill those needs, which, in turn, gives us Boom Times. For the first time in more than a decade, a majority of Americans see our economy as good or excellent. A near record of 41 percent believe 2018 will see an even better economy and their home values rise; 42 percent believe their wages will increase.

Perception is reality.

  1. Booming Stock Market

With millions of working and middle-class Americans invested in the stock market through various retirement accounts, every announcement of a new record rings like a cash register ringing in their hardworking ears.

While pushing long overdue corporate (and income) taxes through Congress, using whatever authority he can to unilaterally cut red tape, and the power of the bully pulpit to sell America and the American worker to the world, Trumps tide is lifting all boats in ways the experts warned us was not possible.

  1. Unemployment Rate Hits 17-Year Low

America now enjoys an unemployment rate of just 4.1 percent, the lowest since 2000.

  1. Manufacturing Jobs Boom

In the final year of the Obama presidency, America lost a net of 16,000 manufacturing jobs. While still president and speaking of Trump, this is how President Obama responded:

When somebody says like the person you just mentioned who I'm not going to advertise for, that he's going to bring all these jobs back. Well how exactly are you going to do that? What are you going to do? There's uh-uh no answer to it. He just says. I'm going to negotiate a better deal. Well, how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn't have an answer.

 

So far in 2017, a full 171,000 manufacturing jobs have been created. Moreover, the manufacturing unemployment rate is just 2.6 percent, the lowest ever recorded.

With massive tax cuts expected to become law this week, maybe even as early as Tuesday, this should make for a very bright 2018 and relieve fears of the stock market gains becoming a bubble.

Additionally, these tax cuts also finally kill off the onerous Obamacare mandate, a massive tax increase that brutalizes those making less than $50,000 a year. Other goodies include incentives for corporations to repatriate trillions stashed overseas to avoid Americas unnecessarily high tax rates.

Moreover, finally, after decades of being blocked for no good reason, this tax bill ends the dumb ban on oil drilling in Alaska Arctic National Wildlife Refuge (ANWR), which will create any number of solid manufacturing jobs in an area in desperate of them.

Hopefully, everything mentioned above will turn into the kind of job growth this country should have seen after coming out of 2008 Great Recession (had Obamas affection for socialism, wealth distribution, and central government control not smothered it).

And a jobs boom could not come at a better time for the American worker. With unemployment at just 4.1 percent, something close to full employment, wage increases will surely follow.

 

http://www.breitbart.com/big-g...edia-dont-want-know/

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Obama left us with an average GDP growth of 1.8 percent for his 8 miserable years -- worst economic recovery in over 100 years.  That's what we got for $9 trillion of borrowed money flushed down the drain.

For the first three quarters of 2017:

1st Qtr  1.4 percent

2nd Qtr  3.1 percent

3rd Qtr 3.3 Percent

and, 4 percent predicted for the 4th Qtr.  

BTW, the industrial worker unemployment is 2.7 percent -- the lowest recorded, ever.  Considering WWII, that's incredible. 

 

 

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Last edited by direstraits
Kraven posted:
That dam Trump, dragging all those airhead socialist liberals
into a world of Right wing success... And they hate it, all except
the freedom lovers that need to work for a living.  

Even the losers could will benefit while sitting on their azz....

Not, if Trump proceeds to restore more welfare reforms like Reagan and, yes, Bubbah. 

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