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Keyword: economy

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  • Drive-Bys Downplay the Trump Boom After Telling Us the Tax Cut Wouldn’t Work

    01/16/2018 2:45:20 PM PST · by Kaslin · 16 replies
    Rush ^ | January 16, 2018 | Rush Limbaugh
    RUSH: Jacksonville, Florida. Bobby, great to have you on the EIB Network. Hello. CALLER: Hey, Rush. Good afternoon. RUSH: Great to have you, Bobby. CALLER: (muffled) Thank you. You know, listening to you and the media saying that for eight years they told us that the new norm was like 0.5% or 1% GDP. Unemployment was supposed to go up. Food stamps. More people were on food stamps. For eight years, we heard about it. Now Trump has been in office for one year and the economy is booming. How can they…? I can’t figure out the media. What do...
  • Varney on Dow Hitting 26,000: 'Inexplicable' That Mainstream Media Ignores Rally

    01/16/2018 9:37:02 AM PST · by yoe · 24 replies
    Fox Insider News ^ | January 16, 2018 | Staff
    Video The Dow Jones Industrial Average crossed the 26,000 point milestone at the opening bell on Tuesday. The Dow made the latest 1,000 point milestone move in a record-setting seven sessions, breaking the previous record of moving 1,000 points in 23 sessions. That record was set when the Dow moved from 24,000 to 25,000. "Investors smell profit, more and more from American corporations. And that's the bedrock for stock prices," Stuart Varney said on "Fox & Friends."
  • Demolition: Bonus-Paying CEO Schools Pelosi on Economics

    01/16/2018 9:08:40 AM PST · by jazusamo · 10 replies ^ | January 16, 2018 | Guy Benson
    An appropriate bookend to yesterday's post , which mentioned the aspiring Speaker's "crumbs" comment, an instant Pelosi classic. Throughout the tax reform debate, liberals pounded the table insisting that corporate tax cuts would not benefit workers or consumers -- just fat cat shareholders and executives. But much like they were disastrously wrong about how much tax reform would benefit working and middle income households, they've also been proven wrong on the corporate side, as literally millions of Americans workers have already received bonuses, wage increases, improved bonuses and other concrete benefits. (Incidentally, if you missed it earlier, this clip...
  • Minimum wage hikes sending restaurants the way of the shopping mall?

    01/15/2018 11:31:47 PM PST · by CutePuppy · 51 replies
    Fox Business ^ | 2018 January 15 | Brittany De Lea
    Eighteen states raised their minimum wages at the start of 2018, but increasing labor costs are strangling the dining industry so much that restaurants could soon face the same fate as shopping malls. "I think you're going to see thousands of restaurants close their doors," Willie Degel, "Restaurant Stakeout" host and CEO of Uncle Jack's Steakhouse, told FOX Business. "Fine dining is going to go by the wayside." The downward cycle seems daunting to Degel and other industry insiders. As costs rise, only so much of the burden can be passed along to consumers in the form of price hikes...
  • Twitter: 2 min 20 sec video of homeless in Orange County - UNBELIEVABLE!

    01/15/2018 9:53:50 PM PST · by doug from upland · 52 replies
    Click on the link above. The video actually goes on for 10 minutes, but Twitter only allows 2:20 of it to be posted. Beyond disgusting. We spend 125 billion a year on illegal aliens and allow this tragedy in our country. (I suspect that there are illegals among them but how many I have no idea.)
  • Walmart plans to cut more than 1,000 corporate jobs

    01/15/2018 9:59:49 PM PST · by CutePuppy · 34 replies
    Fox Business / WSJ ^ | 2018 January 12 | Dow Jones Newswires
    A day after promising to give its store workers raises and bonuses, Wal-Mart Stores Inc. (NYSE:WMT) is preparing to hand out pink slips at its headquarters. The giant retailer, which is based in Bentonville, Ark., and employs more than 1.5 million people in the U.S., plans to cut more than 1,000 corporate jobs ..... < snip > ..... The job cuts are expected to be broad based, focused on workers primarily at the company's headquarters ..... < snip >
  • Economists agree: Trump, not Obama, gets credit for economy

    01/14/2018 6:57:30 AM PST · by mandaladon · 17 replies
    The Hill ^ | 14 Jan 2018 | LIZ PEEK,
    Who deserves credit for the booming economy? This is not a petty argument. How voters answer the question could well determine whether Democrats retake the House of Representatives come November. Trump and Obama (and their admirers) are slugging it out, both claiming that it is their policies that have led to the ongoing economic expansion, steady job growth and higher stock prices. Happily for President Trump, the pros agree with him. A recent survey of economists suggest it is President Trump, and not Obama, who should be taking a bow. The Wall Street Journal asked 68 business, financial and academic...
  • Thanks, China (Maybe)

    01/12/2018 9:32:21 PM PST · by Oshkalaboomboom · 17 replies ^ | Jan 13, 2018 | Cal Thomas
    "When prosperity comes, do not use all of it." -- Confucius Is China about to do the United States a big favor, however unwittingly? According to Bloomberg, China is considering whether to slow, or even stop, purchases of U.S. Treasuries. At $3.14 trillion, China holds the world's largest foreign exchange reserves. It is also the largest underwriter of U.S. debt. Financial experts and political observers have long worried that becoming financially dependent on an unfriendly and rival nation is not good for the U.S. in the long term. In the short term, however, should Beijing choose to pull back its...
  • Not News: Tax-Cut 'Crumbs' Were a Big Deal to Pelosi and Dems in 2011-2012

    01/13/2018 2:04:56 PM PST · by Kaslin · 2 replies ^ | January 13, 2018 | Tom Blumer
    On Thursday, House Democratic Party Minority Leader Nancy Pelosi characterized as "crumbs" the bonuses of $1,000 or more, pay raises of up to $3 per hour, and other benefits well over 100 companies have showered on over 2 million employees as a result of December's tax law passage. Given their track record, there's no reason to believe that the establishment press will report Pelosi's condescending remarks — or that they will remind their audience that in 2011 and 2012, the Obama administration and Democrats in Congress treated the prospect of workers losing $40 every other week in their paychecks as...
  • Blatant Blue State Hypocrisy

    01/12/2018 9:44:34 PM PST · by Oshkalaboomboom · 5 replies ^ | Jan 13, 2018 | Paul Driessen
    You’ve got to admire the full frontal audacity of New York Governor Andrew Cuomo, New York City Mayor Bill de Blasio, and their union and pressure group comrades in arms. Their hypocrisy, fraud and tyranny seem to have no boundaries, especially on fiscal responsibility, energy and climate change. Amid the seventh year of a “New York is open for business” advertising campaign that has spent $354 million thus far, they are presiding over tax and regulatory regimes, mountains of debt, intransigent public sector unions, anti-nuclear, anti-fossil fuel energy policies that are anything but business friendly – and press conferences that...
  • The Democratic Response To Companies Doling Out Bonuses To Workers Remains Abjectly Pathetic

    01/12/2018 7:07:54 PM PST · by Kaslin · 13 replies ^ | January 12, 2018 | Matt Vespa
    Democrats are choking on crow for opposing this tax bill. Are they this economically illiterate? You pass the most extensive tax reform in nearly 30 years, it creates a better job creating and investing environment, and companies begin to boost U.S. investment, dole out bonuses to workers, some increase wages, and make declarations that charitable donations will go up. Yeah, that sounds bad, or something. It all centers on the notion that the Left thinks that your money is their money, and that the government, preferably run by over-educated, snobby liberal elitists, know best to allocate how that money is...
  • The Ranting and Raving of Irrational Liberal Race Card-Playing Columnists

    01/12/2018 10:02:24 AM PST · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 01/12/18 | Mitch Wolfe
    Playing the race card won't pay the rent, but a good job will, in a booming economy I just love watching and reading liberal Washington Post and New York Times columnists rant and rave over what they perceive to be a racist and white supremacist president. These so-called experts see racism everywhere. Criticism of Obama’s mediocre presidency is racist. Criticism of Obamacare is racist. Criticizing some Mexicans illegally crossing into America and engaging in rapes, murders and drug-dealing is also considered racist. And more recently, criticism of such failed and corrupt states as Haiti and certain African countries as “sh*tholes”...
  • German economy in 2017 grew at highest rate in six years

    01/12/2018 1:12:45 AM PST · by Berlin_Freeper · 10 replies ^ | 11 January 2018 | AFP
    The German economy grew 2.2 percent in 2017, enjoying its fastest rate of expansion since 2011, official data for Europe's top economy showed on Thursday. The expansion, which was in line with forecasts from leading economic think-tanks and the OECD, was driven by big increases in the rate of growth in investments and exports, officials from statistics authority Destatis said at a Berlin press conference.
  • MAMA: Making America Miserable Again

    01/11/2018 4:57:39 PM PST · by mairdie · 11 replies
    GP ^ | January 11, 2018 | Wayne Allyn Root
    It’s the perfect slogan for crybaby, liberal snowflakes: “MAMA: Making America Miserable Again.” Because anyone who cries over President Trump’s election and refuses to accept this remarkable economic turnaround and booming economy needs a straight-jacket, rubber-room and hug from mommy. Who would want to go back to the Obama years? Or have you forgotten Great Depression GDP levels; $10 trillion in new debt; nothing but crappy, part-time low-wage jobs; all-time low levels of new business creation; and all-time record high levels of food stamps, welfare and disability. It was a fantastic economy, if you were either an illegal alien, or...
  • America first, with Germany’s help

    01/08/2018 9:39:43 AM PST · by GonzoII · 5 replies
    Handelsblatt ^ | January 7, 2018 | Christopher Cermak, Tim Rahmann and Harald Schumacher
    Donald Trump wants more companies — foreign and domestic — to produce goods in the United States. We spoke to German companies already in the US about whether they’ll take the bait. Jim Sheak remembers the good old days when Akron, Ohio, was a major manufacturing hub. The tire company Goodyear was founded here back in 1898, giving it the nickname Rubber City. Then, one by one in the past three decades, Goodyear and companies like it reduced their presence or pulled out entirely. Akron, like many Rust Belt cities, was left with empty factories and a shrinking population. Ironically,...
  • Utilities cutting rates, cite benefits of Trump tax reform

    01/09/2018 10:36:27 PM PST · by ItsOnlyDaryl · 7 replies
    Washington Examiner ^ | 1.9.18 | Paul Bedard
    On the heels of companies dishing bonuses of up to $3,000 to over one million workers due to the anticipated benefit of President Trump’s tax reform victory, several major utilities have announced plans to cut rates in a consumer payback related to the lower taxes. Energy suppliers like Washington’s Pepco, Baltimore Gas and Light, Pacific Power, Rocky Mountain Power and Commonwealth Edison said they plan to give hundreds of thousands of customers a rate cut due to the tax reform.
  • Dimon thinks even his own economist at J.P. Morgan is dead wrong about GDP, predicts 4% U.S. growth

    01/09/2018 8:56:50 AM PST · by gubamyster · 1 replies
    Market Watch ^ | 01/09/2018 | Mark DeCambre
    Those were the thoughts of JPMorgan Chase & Co. CEO Jamie Dimon, who offered a forecast for U.S. economic growth that outstrips even some of the more bullish economists. Speaking during an interview with Fox Business’s Maria Bartiromo on Tuesday, Dimon said the recently signed tax legislation, which cuts the corporate tax rate to 21% from 35%, is likely to support higher levels for the Dow Jones Industrial Average DJIA, +0.45% the S&P 500 index SPX, +0.29% and the Nasdaq Composite Index COMP, +0.13% which have already rung up all-time highs in first several sessions of 2018, after a record-setting...
  • Trump's First Year Of Job Growth Was Below President Obama's Last Six Years

    01/09/2018 7:33:49 AM PST · by mikelets456 · 22 replies
    Forbes ^ | 1/6/2018 | Forbes
    Over the September to December timeframe, there were 163,000 additional jobs per month and for the year 171,000 jobs were added monthly. This compares to President Obama’s last six years where the job market averaged at least 174,000 per month and hit 250,000 in 2014. It isn’t too surprising that job growth has slowed since the unemployment rate has dropped to very low levels. While the job number was below expectations, the Dow Industrials increased 220 points or 0.9%, the S&P 500 was up 19 points or 0.7% and the NASDAQ gained 58 or 0.8%.
  • I Received My Trump Bonus Yesterday!

    01/09/2018 4:12:29 AM PST · by usconservative · 20 replies
    Self ^ | 1/9/2018 | USConservative
    Received my Trump Bonus yesterday! A cool $1,000 added to our annual bonus. Email from the CEO cited the new corporate tax law signed by President Trump and the bank's desire to retain the best talent as the economy ramps up.
  • 2018 01 07 John Haller's Prophecy Update "Powder Keg"

    01/07/2018 2:17:47 PM PST · by Lera · 2 replies
    Fellowship Bible Chapel ^ | Jan 7, 2018 | John Haller
    The fuse has been lit, the keg placed and the powder is filled to the brim. The only question that remains is "how long is the fuse?" Join John as he kicks off 2018, focusing on the cup of trembling that is Jerusalem and how all the players are continuing to converge, setting the stage for a series of events that will culminate in the Word being fulfilled on a grand and unmistakable scale. Let there be no doubt...despite mankind's attempt to control their own destiny, the only decision that must be made is what to do with the person...