My Polka Dot Apron

You are not logged in. Would you like to login or register?



March 2, 2021 9:18 pm  #1


The "BOOM"

We all know the dimpocraps will say this boom is because of Biden being elected President.  And why wouldn't they? 

They sure aren't going to give Trump any credit for having some foresight or any knowledge of the markets and money and construction and all of that stuff - - heavens no, we're supposed to think he knows nothing about how HE earned billions of dollars himself. 

We also all know that the only way Biden ever made money in HIS life is by cheating other countries or aligning himself with people who do.

Waiting for the dimpocraps to spin this story just to see how truly creative they are.  Maybe the smile of asshole Schiff's face will get even bigger.  He and Piglosi and Schoooomer and many others can barely contain themselves with false pride.  And the dimpocraps knew all of this before their enormously oversized stimulus package passed the House, but they have not pulled back one iota.  In fact, AOC is now out saying we should be paying $24 per hour as a MINIMUM WAGE.  Someone should drag her out of the CONgress, lock her up and throw away the key.  The woman is pure madness on full display.

*** I don't have a link but the credit for where this item came from is at the bottom of the article.

"The post-pandemic boom has decided not to wait for the country to actually become post-pandemic. Instead, the boom has already begun.

The Institute for Supply Management said that its manufacturing index jumped to 60.8, a two-year high and much better than economists' expectations. The score not only indicates a strengthening manufacturing sector but growth in the overall economy.

Four out of five of the biggest manufacturing sectors grew, with only oil and gas contracting amid the cold snap that effectively shutdown production in Texas.


Construction spending in January rose 1.7 percent from the previous month, better than double expectations. Private sector single-family housing construction keeps going from strength to strength, rising an additional 3 percent in January. Compared with a year ago, this is up more than 24 percent.

It's now obvious that Donald Trump left us with a much stronger economy than was widely appreciated. Indeed, the line before the election was that Trump's alleged mishandling of the pandemic had crippled the economy. After Joe Biden was elected president, he demonstrated that he believed his rhetoric by repeatedly warning the American people that dark months lay ahead. Treasury Secretary Janet Yellen and Fed chair Jerome Powell voiced similar forecasts.

But the data so far show that the economy is outperforming those expectations. The Atlanta Fed's GDPNOW metric shows 10 percent economic growth for the first quarter.


This should carry weight with the debate on Capitol Hill over the Biden administration's $1.9 trillion spending bill. That number may have been appropriate when the first few months of the year looked to be bleaker. The Atlanta Fed's measure saw just 5.9 percent growth at the end of January. But now we know the forecasts were underestimating how quickly the economy would grow. It's only logical to cut back on the stimulus measures."

– Alex Marlow & John Carney
Breitbart News Network



 


A government which robs Peter to
pay Paul can always depend on
the support of Paul.
-- George Bernard Shaw
 

Board footera

 

Powered by Boardhost. Create a Free Forum