Posted on 08/14/2018 11:48:26 AM PDT by Signalman
Although some panned any celebration of the 4.1 percent second quarter GDP growth, small business owners beg to disagree. At least in the small business sector of the economy, Main Street’s performance over the last 21 months is unprecedented based on reports for the past 45 years by hundreds of thousands of NFIB’s member firms. Owners have never been so optimistic for so long. This has translated to improved employment and investment spending that buoys GDP growth, even at the end of what will be the longest expansion in modern history.
Consumer sentiment is at record high levels. Consumer spending, which accounts for 70 percent of our economy, posted 4 percent growth in Q2. Historically revised data show that consumers have been saving much more than thought, and income gains in recent months have been solid, providing support for spending in the second half. The record levels of firms reporting higher compensation is a clear indication that wages will be rising further in the second half.
(Excerpt) Read more at theconservativetreehouse.com ...
Wow, look at that chart!. I wonder what happened in November, 2016. It looks like the trend is still up, too.
This is great news but it probably includes quite a backlash of relief after 10 years of Obama/Pelosi.
Remember - When Pelosi took over as speaker she did everything to make sure the “failed Bush Presidency” got bad news.
that is how Odumbass got elected.
All this good news is heartening, but in real terms, some sectors of small business have been bypassed by this wave of good fortune. Like mine.
Our gross income is off by a full 30% over this time last year. Mostly because the illegals are stealing more of our jobs than ever before.
I’m too passed to even talk straight on the subject.
Liberals will say “but it was going up all during Obama’s term”
Which is technically true ONLY if you discard the disastrous epic fall to nearly record low the first year of his term.
It would be hard not to go up after that.
There are:
1) Lies
2) Damnable Lies
3) Statistis
and now
4) Liberal Talking Points.
Who was President in 83?
If there had been no Reagan we probably would not know how to appreciate Trump.
Wow...and the media is trying to get people to hate Trump. Red wave??
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