Category Archives: Economics

Great Numbers

sunbeam March 9, 2020 Comments Off

The Bureau of Labor Statistics released the February jobs report last week that showed 273,000 jobs added in February. This shattered the experts’ predictions that were expecting 175,000. At the same time the BLS updated January and Decembers numbers to reflect 85,000 more jobs than previously reported.

These revisions are an interesting sidelight of the business of reporting labor numbers. The initial numbers due reflect some incompleteness in the reporting so the updates are always instructive. During the Obama administration there were updates on both sides of the ledger. That is, a few months saw increases. Most saw decreases. During the Trump administration the updates have always shown underreporting during the initial release of the numbers. I wonder why that is.

Obama Created Trump Economy, Part 2

sunbeam February 21, 2020 Comments Off

Yesterday former President Obama’s ridiculous tweet that he was responsible for the roaring Trump economy was reviewed.

Obama Created Trump Economy, Part 1

sunbeam February 20, 2020 Comments Off

On President’s Day former President Obama decided to make the ridiculous claim that he is responsible for the Trump economy. Of course, this is just an obvious attempt to distract people from the success that PDJT has brought to the American economy. The Democrats need to have this lie accepted by Americans if they hope to regain the White House in November.

Truth, Justice and Liberty

sunbeam February 10, 2020 Comments Off

Wow! What a week it was! John Fitzgerald Kennedy would not recognize the party he once led. The Democrats have abandoned any and all obligations to truth, justice and liberty. The Democrats showed the nation how incompetent, petulant and childish they are.

On Monday the Democrats demonstrated that they could not run a caucus in a small state (Iowa) and have the results reported in a timely fashion. They blamed the problem on “technical issues” in the reporting software. This software had been developed by some Clinton operatives from the 2016 election. It was funded in part by Pete Buttigieg, one of the candidates.

Winning!

sunbeam January 22, 2020 Comments Off

While the Democrats and their media allies wallow around in their delusions of impeachment, President Donald J Trump is leading the world to an understanding of how to help all people prosper. Many more people from around the world tuned into listen to PDJT’s remarks at the World Economic Forum than tuned into the sham impeachment hearings in Washington.

There was a great deal of international interest in this speech. Essentially PDJT is instructing the world that economics is not the zero-sum game that many of the world’s corrupt politicians would have you believe. That is, just because our economy gets bigger does not mean that other economies must get smaller. PDJT is encouraging world leaders to unleash the potential of their people, to get out of the way and let people prosper rather than trying to exercise top-down control over all aspects of their people’s lives.

PDJT pointed out that the changes that have occurred in America have helped all people, rich and poor, young and old, male and female. A greater percentage of the improvement in the economy has come to the common people of all persuasions rather than the rich.

USMCA Passes

sunbeam January 17, 2020 Comments Off

The USMCA trade deal replacing NAFTA, passed by Mexico more than half a year ago, has finally passed both the Senate and the House in the United States. PDJT is expected to sign it next week. The deal is a major win for manufacturing in North America.

Despite broad bi-partisan support in both legislative chambers in this country, Speaker Pelosi had held up submitting the deal for a vote for months. Pelosi did not want PDJT to have a win in providing a better economy for all Americans. Eventually internal pressure within her own party forced her to move on the issue. No Democrat facing re-election wanted to be the target of voter angst because the Democrats were hurting Americans in their pocketbooks. It is also a certainty that the Democrats did not want PDJT pummeling them about the USMCA during his State of the Union address this year.

Making It Up As They Go Along

sunbeam December 24, 2019 Comments Off

Much time has been devoted here to pointing out the obvious bias and lies of the main stream media. The MSM claims that the President is a danger to the freedom of the press. They like to say that his attacks have a chilling effect on such freedom. They might have a point if they could only stick to the facts in their reporting of newsworthy items. But they can’t.

Their desperation to defeat PDJT’s re-election effort leads them to sacrifice their credibility and peddle obvious lies. This in turn re-enforces to the common people that the MSM will say anything to stop PDJT from continuing in office.

This week WaPo and CNN combined in a whopper of epic proportions. In a jaw-dropping moment on CNN’s ironically named Reliable Sources program, Washington Post columnist Catherine Rampell made a ridiculous claim:

Deplorables

sunbeam October 21, 2019 Comments Off

This is an excellent video if a bit long (26 minutes). It really speaks to the heart of the matter for all concerned on both sides of the Atlantic. It is a well-presented argument for the validity of the US/UK “populist” movement and the tone-deafness of those who oppose it.

Unelected bureaucrats in the EU should not rule of the citizens of each EU country. Did the people of the EU know, when the EU was created, that was the template for governance?

What Recession?

sunbeam September 23, 2019 Comments Off

The Democrats and their pals in the lame stream media continue to insist that the economy is headed into a recession based on some spurious signal from the bond markets. They insist this is the direct result of PDJT’s economic policies. Now I would agree that the signal in the bond market that lasted about an hour a couple of weeks ago is the result of government policies, just not ours. Central banks overseas caused the effect when they continued to affirm negative interest rates and when foreign governments continued to devalue their currencies in relation to the US.

So how is the economy doing? Last week U.S. economic data included the Labor Department’s report on initial filings for unemployment benefits that continue to be at historically low levels. No state was triggered “on” the Extended Benefits program during the week ending August 31. Insured unemployment benefits are at low levels not seen in many decades.

Has CNBC Lost Their Minds?

sunbeam September 17, 2019 Comments Off

Back in May, Goldman-Sachs came out and claimed that American businesses and consumers were bearing the full cost of the Chinese tariffs. This is funny in so many ways. If this were truly the situation, why are Chinese companies (and others) opening up plants in the US now? If this were the case, why are companies changing their supply lines away from China?

Let’s remember Goldman Sachs is a premier investment firm who controls assets in the tens of billions. Back in May, Goldman clearly did not believe that PDJT would follow through on more tariffs. They really just didn’t believe a U.S. President would ever go into a full economic confrontation with China. In this Goldman probably represents the majority opinion of the Wall Street ‘multinational’ community at that time.