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Trump Economic Policy Tag

Posted by Mary Chastain on May 13, 2019 50 Comments
Tariffs suck. They do not work and will only cause harm for the manufacturer and consumer. President Donald Trump's economic adviser Larry Kudlow broke from his boss on Sunday when he agreed that tariffs would hurt both the US and China after Trump increased tariffs. To make matters worse, China imposed tariffs on $60 million worth of US goods on Monday.

Posted by Mary Chastain on April 15, 2019 21 Comments
Happy Tax Day! Unfortunately, the 16th Amendment still exists, which means everyone pays federal taxes. Today is the due date so you better get it in or else the IRS will come after you for the money they believe belongs to them. But I digress. Remember that tax plan that passed in late 2017? The left pounced and convinced people they would not receive a tax cut. Some even believed they would see a tax increase. Lies. Data has proven the left wrong once again.

Posted by Mary Chastain on February 01, 2019 16 Comments
The economy added 304,000 jobs in January, the 100th month in a row with growth. Experts predicted only 107,000 jobs in January. Labor force participation (LFP) is the highest it's been since 2014 at 63.2%. Average hourly wages only grew by 0.1%, but overall it's up 3.2% from a year ago. The unemployment went up slightly from 3.9% to 4%.

Posted by Fuzzy Slippers on December 02, 2018 66 Comments
In a meeting between President Trump and China's Xi Jinping, Trump agreed to delay the increase in tariffs scheduled for January 1, 2019 while trade talks continue. The tariffs in question were set to jump from 10% to 25%, but this increase will not take place while the two countries engage in further trade talks.  The talks are currently expected to last 90 days.

Posted by Mary Chastain on July 27, 2018 33 Comments
The gross domestic product (GDP) hit 4.1% in the second quarter, up from 2.2% in the first quarter. This is the fastest rising GDP since 2014! The Bureau of Economic Analysis reported that the growth comes "from positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment."

Posted by Mary Chastain on July 24, 2018 58 Comments
A few months ago, President Donald Trump instructed Agriculture Secretary Sonny Perdue to start organizing a package to help American farmers after they expressed concern over tariffs from China and other countries in response to those tariffs Trump imposed on them. Now that plan is about to come into fruition. The White House will announce a plan that will provide $21 billion in aid to the farmers.

Posted by Mary Chastain on July 06, 2018 11 Comments
All in all, it's not a bad jobs report to kick off the summer. The Labor Department's report shows the economy added 213,000 new jobs in June even though experts predicted only 190,000. This means job growth has happened 93 months in a row, which is a record. Unemployment went up to 4% from 3.8%, but that probably went up because of the rise in labor participation.
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