The U.S. economy recorded a 3.2 percent GDP growth rate in the first quarter of this year. MSNBC also described the quarterly growth as “extraordinary.”
MSNBC YouTube – 1:35mins
Liberals have been predicting an impending recession for months. Frustrated with the success of President Trump’s middle-class tax cuts, that they had claimed would result in “Armageddon”. Washington Post Youtube – 1:36 min
Democrats next argued that the Tax Cuts and Jobs Act (TCJA) would only produce a “sugar high” for the economy. MSNBC YouTube – 2:46 mins
The unemployment rate, which currently stands at an impressive 3.8 percent, has been hovering near a 50-year low for a full year now. Even with a record number of people already employed, there are significantly more job openings available in this country than there are unemployed workers to fill them. Bloomberg YouTube – 1.30 mins
Wages have been growing steadily, increasing by 3 percent or more for eight consecutive months. The gains have been even greater for low wage workers in retail and hospitality where the increase has been close to 5 percent.