Economy

WASHINGTON — It has been a pretty good week for Donald Trump. The economy is growing faster than anyone on the left or in the middle or among the Never-Trumpers believed possible. Inflation is low, and employment is at a record high. Moreover, the president and the European Union reached an understanding on trade last week that signals the likely end of a trade war, at least with Europe.

HuffPost says baby boomers panicked by the popularity of socialism, just need to “relax.” Senior political economy reporter Zach Carter declared “Socialism is Good Now,” on HuffPost July 29. At the same time, actual socialism was collapsing in both Venezuela and Nicaragua.

Poverty is no mystery, and it's easily avoidable. The poverty line that the Census Bureau used in 2016 for a single person was an income of $12,486 that year. For a two-person household, it was $16,072, and for a four-person household, it was $24,755. To beat those poverty thresholds is fairly simple. Here's the road map: Complete high school; get a job, any kind of a job; get married before…

Journalists at MSNBC and the New York Times are very unhappy about the possibility of “more tax cuts for the rich.” MSNBC Live host Ali Velshi and writer Alan Rappeport on Tuesday lamented the possibility that capital gains taxes might soon be indexed for inflation, meaning someone who invested a million dollars in 1990 would soon pay about around $255,000 on the profit of a sale, instead of…

After ignoring all three estimates of first quarter GDP growth, ABC, CBS and NBC found the second quarter estimate too good to overlook. The Bureau of Economic Analysis announced on July 27, that the economy grew by 4.1 percent in the second quarter, the highest quarterly growth in nearly four years. It was a strong number, but the networks were quick to look for problems with it — especially CBS…

In another blatant display of just how out of touch the liberal media has become since the election of President Trump, on Monday's Morning Joe, MSNBC hosts Joe Scarborough and Mika Brzezinski took turns laughing at the incredible economic progress that has been made under Donald Trump.

As soon as the second quarter GDP growth of 4.1 percent became public, the media did their best to downplay the good news and refrain from giving President Trump and his policies credit for the strong economy, instead accusing him of using the news to “distract” from the Russia investigation. Not surprisingly, the dismissal of the President’s role in the good economy began before the report even…

Seconds after President Trump concluded a White House address on Friday rightfully touting strong economic growth, Meet the Press moderator Chuck Todd joined NBC live special coverage to immediately throw cold water on the news and accuse the president of having “over-hyped” the 4.1% increase in the gross domestic product.

CNBC’s Squawk on the Street and Bloomberg.com viewed the latest U.S. GDP report as good news for the Trump administration. The 4.1 percent second-quarter GDP estimate announced July 27, was the best quarterly pace in almost four years. Bloomberg.com called it a “Win for Trump” that same day.

At a Wednesday press conference in the White House Rose Garden, President Trump and E.U. Chief Executive Jean-Claude Juncker announced that the two trade partners were moving forward on a plan to end their trade war. Juncker’s presence at the White House illustrated that it was the E.U. that caved under pressure, but the liberal broadcast networks (ABC, CBS, and NBC) were having none of it and…

Former Treasury Secretary Larry Summers predicted that if Donald Trump were elected, there would be a protracted recession within 18 months. Heeding its experts, a month before the election, The Washington Post ran an editorial with the headline “A President Trump Could Destroy The World Economy.” Steve Rattner, a Democratic financier and former head of the National Economic Council, warned, “If…

New York Daily News’ parent company Tronc announced it would cut the tabloids newsroom staff in half on July 23. DeadSpin viewed the act as class warfare. Tronc attributed the cuts to “realities of our business and the need to adapt to an ever-changing media environment,” according to CBSNews.com. A $15 million payout to CEO Michael Ferro (bundling the three-year obligations into a single…

In an article denouncing President Trump's weekend attacks on Amazon founder Jeff Bezos and his properties, the Washington Post claimed it was not lobbying for Amazon.