ANOTHER COMMONPLACE RECORD FOR THE ECONOMY

This is becoming commonplace.

Not boring, mind you, extremely exciting.  But commonplace in that, almost every day, we see a new record of this type.

From Paul Bedard’s article for the Washington Examiner:

In a stunning turnaround sparked by the improving economy and last December’s tax cuts, over 95 percent of manufacturers have turned bullish about their future, an all-time record.

A new survey from the National Association of Manufacturers found that 95.1 percent of manufacturers have a “positive outlook for their companies.”

The report, said the group, comes on the six-month anniversary of passage of the Tax Cuts and Jobs Act and amid reports that manufacturers are increasing wages, hiring, and capital investments.

“This record optimism is no accident. It is fueled by the game-changing tax reform passed six months ago,” said NAM President and CEO Jay Timmons.

Yawn….

Unemployment at 3.8% – the last time it was lower was in 1969,  the lowest Black and Latino unemployment since records have been kept, joblessness at a 44 year low,  consumer confidence at a 17 year high, small business confidence at a 35 year high…

…and now this.

That, folks, is the definition of “commonplace”.

May things continue to be just as “commonplace” for years and years to come.

3 Comments

    • Lets not forget the GDP, now estimated at >4%. No one seems to be reporting about that. Paul Krugman has been mysteriously quiet about economic issues lately. Apparently GDP <2% is not the new norm.

  • I just read this at powerline

    Today, the Trump administration pulled the U.S. out of the cesspool known as the United Nations Human Rights Council.
    It did so in protest of the presence of notorious human rights abusers on the commission, as well as the commission’s blatant bias against Israel.

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