Crediting the monetary and fiscal support provided thus far during the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in an interview Thursday the U.S. economy may recover to pre-pandemic levels sooner…
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Even Before COVID-19 Trump Did No Better On Economy Than Obama
Trump and his followers often tout the stock market and unemployment under Trump as “the best economy in the history of the world.” But crunching the numbers from the final three years…
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News Round-Up: July 9, 2020
Some news items you might have missed: • InstaHunks: So, who noticed openly gay Florida nurse and Crossfit athlete Robbie Rodriguez (above) on NBC’s ‘Titan Games’ recently? Follow the inspiring healthcare provider…
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6.6 Million New Applications For Unemployment This Week
From NBC News: Another wave of 6.6 million American workers filed first-time unemployment claims for the week ending April 4, bringing the cumulative total to an astonishing 16 million over the…
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Stocks Surge On Economic Stimulus News
It’s amazing what can happen when a president ACTS like a president. From CNBC: Stocks surged Tuesday — rebounding from their worst day in more than three decades — as Wall Street…
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Obama Triggers Trump Over Economic Results
Former President Barack Obama took to Twitter on Monday to commemorate the 11th anniversary of the American Recovery and Reinvestment Act. The $800 billion stimulus package paved “the way for more than…
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Survey: 97 Percent Of CFOs See Economic Downturn In 2020
Deloitte’s quarterly survey of nearly 150 chief financial officers shows 97 percent believe that a downturn (recession or slowdown) has already begun or will occur by the end of 2020. At this…
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US Manufacturing Drops To Lowest Level Since 2009
Axios reports: The Institute of Supply Management’s index of manufacturing activity released Friday hit its lowest level since the end of the Great Recession in December. Why it matters: It shows worsening…
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Study: Trump Tariffs Led To Higher Prices & Job Losses
A new study from the Federal Reserve shows Donald Trump’s tariffs on imports led to higher prices for American consumers and job losses. Trump told Americans his tariffs would boost the economy.…
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News Round-Up: October 30, 2019
Some news items you might have missed: • InstaHunks: Ripped AF Ramses Principe (above) is staring down Hump Day like a Boss! • OUT: Despite the beautiful monologue by the father at…
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Wall Street Pundits Worry About Impending Recession As Economy Slows
Donald Trump Wall Street experts say increased stock market volatility may be signs of an impending recession as Donald Trump’s trade war with China continues to heat up. From Politico: Over just…
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US Economy Adds 263,000 Jobs In April
The Labor Department reports that 263,000 jobs were added to the U.S. economy in April, making for a record 103 straight months of positive job growth. With those jobs factored in, the…
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Report: #TrumpShutdown Cost US Economy $11 Billion
Donald Trump Donald Trump’s knee-jerk reaction to criticism by Rush Limbaugh and Ann Coulter, which triggered the longest government shutdown in US history, cost the US economy $11 billion, reports the nonpartisan…
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General Motors Announces 5 Plant Closures, 14,000+ Layoffs
The Chicago Tribune is reporting General Motors, the largest automaker in the United States, will be laying off 14,500 factory and white-collar workers. In addition, five plants will be closed during a 2019…
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Trump Takes Credit Yet Again For The Obama Economy
Donald Trump took to Twitter on the last day of 2017 to boast yet again about the economy: If the Dems (Crooked Hillary) got elected, your stocks would be down 50% from…
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Middle-Class Incomes In 2016 Reached Highest Level Ever Recorded
Here’s President Obama’s final report card on the economy for the last year of his presidency. And the news is good. According to the Census Bureau, middle-class American incomes reached the highest…
