4.8% Economic Growth?!

Remember when President Obama, in Carter-esque fashion, gravely warned the American people that 2% annual GDP growth was the new normal?

The parallels between Obama and Carter’s doom-and-gloom economic forecasts–and between Reagan and Trump’s pro-American optimism–once again come to the fore with the latest predictions from the Atlanta Fed.

A piece at Breitbart notes that annualized GDP growth for the second quarter of 2018 is a whopping 4.8%.  And that’s despite threats of a trade war.

Maybe the scare over tariffs is premature, or the United States is in a position to benefit from playing some hardball on trade.  Free trade is not an unalloyed good, though it is certainly beneficial, and tariffs are not unequivocally bad.

Mostly, though, it seems that the tax cuts are working.  America is getting its economic groove back.  Trump is making America great again by getting government out of the way and letting business thrive.

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7 thoughts on “4.8% Economic Growth?!

  1. I heard a speech yesterday where it was told that a Gallup survey showed there are 3 Billion people in the world who want good jobs, but only 1.8 Billion good jobs. That leaves a whopping 1.2 Billion people in the cold. We need to support business.

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    • A stunning statistic. I do know that, while the government’s reported unemployment rate is low, the way unemployment is calculated leaves out Americans who have dropped out of the workforce entirely–the legendary “workforce participation rate.”

      I’m always wary of the term “good jobs,” because I don’t know how it’s defined. Is a “good job” one with air-conditioning? One man’s “good job” is another’s daily hellhole. Some folks want to work outside and get dirt under their nails; others want to command the heights of industry–etc., etc.

      I do know that there is work to be had, and hustle to be bustled. Those who are simply unable to work due to physical or mental conditions, of course, should enjoy support and protection from those of us that are able to do so.

      I’m also a major advocate of sensible retirement planning, saving, and investing. Financial education is crucial; a lot of folks are simply uninformed about how to live on a budget, how to save, how to invest prudently, etc.

      Thanks for the comment, Linda. New post will pop on Monday, 11 June at 6:30 AM.

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  2. Have you ever thought about including a little bit more than just your articles? I mean, what you say is important and all. But imagine if you added some great images or video clips to give your posts more, “pop”! Your content is excellent but with pics and videos, this website could certainly be one of the greatest in its niche. Fantastic blog!

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