Posted on 07/21/2017 9:49:26 PM PDT by 2ndDivisionVet
The real value added to the U.S economy by the mining, construction and manufacturing sectors boomed in the first quarter of 2017, while the real value added by the financial and insurance sector dropped, according to data released today by the Bureau of Economic Analysis.
Overall, the U.S. economy grew at an annual pace of only 1.4 percent in the first quarter. But the value added by mining grew by a booming annual rate of 21.6 percent, while construction grew 5.6 percent and manufacturing grew 4.7%.....
(Excerpt) Read more at cnsnews.com ...
That’s the sound of mainstreet US growing instead of wallstreet.
I find that first sentence delightful.
It would be better if it said, “The value added by Washington DC dropped precipitously.”
Industry knows that obama and the democrats are out of the way so they are gearing up to expand their businesses.
I sure hope the republicans don’t screw up tax reform too...
Or in short, the parts of the US economy that benefits middle Americans the most is growing again.
The link to the article seems broken (404).
Here’s a good URL.
It’s the main headline item at the moment on the CNS home page.
Never mind this, who did Trump Jr. have lunch with last year?
I suspect that the real question is whether you should refer to growth in the financial sector as “real value” at all. Perhaps there should be tangible versus intangible value. In which case nearly all economic activity in NYC would be intangible. In other words, hat trading.
Real value is never added to the economy by finance, or “government services.
Thank You for posting 2DV!
After all, Trump couldn't rebuild the economy...
If Obama didn't wreck it first.
Right?
So, the producers are winning & the parasites are losing...sounds good to me:)
Yes, indeed. This is what Donald Trump is about -- supporting the businesses that employ American workers, instead of the globalists who have no loyalty to the American worker.
It's a beautiful thing...
Well, as practiced, I think you’re right.
But I look at the credit available to buy a new home, or regulations that level of the playing field in business.
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