All of the economic numbers continue to show steady progress in the right direction for America. This is what the people of America voted for last year. Of course, they also voted for stopping the disaster at our borders. Both promises are being kept.
Rick Santelli of CNBC reported that personal income increased 0.8% in April—“almost TRIPLE the expectations. Up 0.6% in January, up 0.7% in February, up 0.5% last month, up 0.8% this month. This is a GREAT four-month start to any year.”
One wag attributed the 0.8% increase in April to the increase in Social Security payments. Apparently, this individual is a bit challenged when it comes to understanding the months of the year. Social Security increases take place at the beginning of the year which is January not April.
Inflation rose a mere 0.1% for April. That brings the year-to-year increase down to 2.1%. All of this is good news for Americans. Wages are rising faster than inflation. This means more disposable income in one’s pocket.
This consistent growth over four months underlines the success of a strategy that is focused on deregulation and bolstering the energy sector. Food costs are starting to come down and, yes, that includes eggs which have actually declined 62% since Inauguration Day.
All of this has taken place despite unprecedented obstruction by the people in black robes. Judge shopping is out in the open for everyone with eyes to see.
Trump’s economic plan is built on a solid foundation. Of course, it is helpful that someone who understands business is in the White House. The 12 years of Obama was an administration where almost no one on staff really understood anything about business and how an economy works.
Salena Zito, a true journalist, who was four feet away from Trump in Butler, Pennsylvania during the first assassination attempt, had this to say about the US Steel deal that Trump had a direct hand in:
Local steelworkers, community leaders, and economic experts said President Donald Trump’s announcement Friday that a deal was struck between U.S. Steel and Nippon Steel will go down in American history as the most enduring economic “big, beautiful deal” the 47th president has made.
It is a deal robustly supported by the rank-and-file steelworkers from the three plants that make up the Mon Valley Works. The deal is believed to reverse the decline of steel that began under President Jimmy Carter in the 1970s.
“I am proud to announce that, after much consideration and negotiation, U.S. Steel will REMAIN in America and keep its headquarters in the Great City of Pittsburgh,” said Trump, who had been engaged in intense negotiations over a sale between the iconic American company and Nippon Steel.
“This will be a planned partnership between United States Steel and Nippon Steel and the largest investment in the history of the Commonwealth of Pennsylvania,” he said.
Another number to watch is the price of oil. Cheaper oil has direct impacts on the price of almost everything. Cheaper oil is going to have ongoing impacts on the cost of everyday goods. This is particularly true of food where reduced fertilizer costs should result in cheaper food in the fall.
Trump had promised to get the price of oil below $60/barrel.
Just where is the price of oil?
On January 15th, oil was $78.71. Last Saturday, the price was down to $60.71. And Trump did not resort to selling off oil from our strategic petroleum reserve to do so.
How about tariffs? What is been the preliminary effect on the US economy?
The Wall Street Journal reported:
“The U.S. trade deficit for goods shrank substantially in April, as new tariffs weighed on imports. Goods imports fell by 20% to $276.1 billion, while exports rose 3.4% to $188.5 billion, the Commerce Department said.
“It was the biggest one-month drop in goods imports on record.”
At the same time tariff revenue rose to nearly $23 billion about three times the amount collected in the same month last year. It will be interesting to watch what happens to this number over time.
How is all this being handled by the so-called experts like Nobel Prize laureate in economics Paul Krugman? Krugman seems to believe that Orwell’s 1984 is reality in America today.
“Punitive tariffs on everyone, including the penguins of uninhabited islands, have been one of the Trump administration’s signature policies, along with epic corruption and abductions by masked men claiming to be federal agents. All of these policies have involved blatant violations of the letter of the law, its spirit, or both.”
Krugman is either cognitively challenged or playing the role of Big Brother in trying to convince the masses that outright falsehoods are the truth.
Let’s break down what our erstwhile Nobel Laureate has to say.
Krugman is attempting to convince people that reciprocal tariffs and export/import rules are somehow punitive. Of course, anyone who is not cognitively impaired would recognize that PDJT is negotiating. And apparently many of those negotiations are nearing an end. Should one country impose 100% tariffs on the goods from another country while the tariffs the other direction are 10%? Would any sane person think that is fair?
Krugman makes a sarcastic reference to some small islands that currently are inhabited by penguins. As an expert on international trade (that’s what he got is Nobel Prize for), Krugman has to know all about using stopover points to avoid tariffs. So, either Krugman has been infected with the Biden senility disease or he is deliberately trying to deceive the public.
Krugman goes on to characterize the actions of ICE as corrupt and unlawful and possibly being carried out by individuals who are not duly sworn officers of the government. Does he offer any proof? Of course not. Because he has none. So, it would appear that he supports the retention of violent criminal aliens in this country. I wonder what his reaction will be as the deportation engine really gets going?
All of this points to promise made and promises kept by PDJT. This is what I voted for.
Thank God for President Trump.