I SERIOUSLY think that no one every explained to these ‘economists’ that simply deregulating the economy, so that businesses can invest their capital in becoming more productive, rather than complying with regulations, has a HUGE EFFECT and can pretty much prevent recessions, which do not have to be cyclical, but have been.
The reason why recessions have been cyclical is because this country, far too often, elects a Leftist president who does exactly what’s needed to create a recession - which is to dump a bunch of regulations on the economy all at once. Some of the guilty include Nixon, Carter, Bush Sr, and Obama. Trump, obviously, does not to be part of that group...and he’s making damn sure that doesn’t happen.
There’s five measurements about the economy that I’ve come to note, that mean something to just regular people.
1. Around seven million Americans who were on food stamps in 2016 because they weren’t making enough off wages to survive....no longer qualify because their wages have gone up to meet the threshold.
2. If you have no high school diploma? The statistics right now for this group is at the lowest unemployment level since the 1950s when they started collecting data.
3. If you have a disability but want to work, the statistics show this group is at the lowest unemployment level since the 1950s when they started collecting data.
4. Seven million jobs have been added since day one of this administration. That’s the entire population of Tennessee (to include the elderly, kids, and guys in prison). Think about it....none of those jobs have anything regarding government job growth.
5. Finally, unemployed vets. Look at the data for the past year....lowest level of unemployment for them since the 1950s.
The town where I grew up near as a kid (Huntsville, Ala) will have around 4,000 new jobs appear this year (concrete drying on the assembly/technology buildings being built). Town’s unemployment rate is now at 2.1 percent. The mayor will be blunt...he’s got more jobs in planning stages but over the next 5 years, there’s 20,000 jobs coming, and not enough people within 50 miles to take these jobs. He’s gone to recruiting vets to move into the area, and enticing engineer-types to give up on California.
In simple terms, it’s the best years of our lives, and nothing is holding that optimism back.