Recession Fears Are Fading—and So Are Democrats' 2020 Prospects
President Donald Trump at a campaign rally in Dallas, TX |
In addition to hysterical denunciations of Trump, Democrats have concocted an impeachment narrative that doesn't have a chance in hell of succeeding but will send their base of loony lefties into paroxysms of ecstasy.
They're going to need every single one of those votes.
While the left wallows in impeachment, the rest of America is wondering what all the hub-bub is about. Unemployment is at lows not seen in the lifetimes of many economists reporting on it. Economic growth projections show a steady upswing, consumer and business confidence is high, and the Federal Reserve is keeping interest rates low.
This is a recipe for a Trump re-election and Democrats know it.
HousingWire:
The Fed was faced with a delicate task: Cut rates enough to stimulate a slowing economy, while preserving its firepower in case it was needed to render assistance in a more severe downturn. Economists define a recession as two consecutive quarters of GDP contraction.
Even with last year’s series of hikes in the Fed rate that put it at 2.5% in December, that’s a fraction of what prior Fed policymakers had at their disposal to stimulate the economy during previous slowdowns. In other words: The Fed didn’t have a lot of wiggle room.
In the immortal words of Defense Secretary Nimziki from Independence Day, "That's not entirely accurate."
“While data from the manufacturing sector remain weak, the overall macro data have continued to come in slightly better than expected, with job growth remaining strong and real GDP expanding at a 1.9% pace during the third quarter,” it said.
Washington Post:
Trump will soon test this precedent. His poll numbers remain very weak, and his support in suburbs has eroded steadily. A number of political experts say traditional measures of economic success may not prove decisive enough for voters to give Trump a second term.
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Rick Moran is PJ Media's Chicago editor and contributor. He is blog editor at The American Thinker. His blog is Right Wing Nut House.
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