Remember during Obungler’s reign how often the Fake News Media used the word “unexpected” or “unexpectedly”? Every time there was bad economic news it was always “unexpected”. “Unexpectedly the GDP came in lower than economists thought.” For eight years we had to put up with this crap as the Fake News Media tried to tell us that we were in a recovery. Unexpectedly the economy refused to conform to what they wanted. We had “recovery summers” that never happened. We had “green shoots” that were really just weeds. And of course we had the male bovine excrement that was the unemployment numbers. We’re still getting that. How can you not count people who have given up looking for work as unemployed? That’s what our gummint does.
The Fake News Media is still using the word “unexpected” but now it is to explain good economic news. Stock market up over 5000 points since Trump was elected? Unexpected. Remember Paul Krugman said on election night when asked when the market would recover he said that the best case estimate was never. 5000 points Paulie! BWAHAHAHAHAHAHAHA. I read a column by him on Monday where he talked about Republicans never admitting they were wrong or that they never made mistakes. He could have written it about Obumbler and himself.
Every time there was a bad storm during the Oblunder reign the Fake News Media would use that as an excuse for low GDP numbers. During the third quarter we had two bad hurricanes hit the mainland and one hit Puerto Rico and GDP was up 3.0%. It was the second consecutive quarter of GDP growth of 3.0%. Unexpectedly.
Isn’t it amazing what can happen when you lift the chains of socialism (excessive gummint regulations) from an economy and let capitalism work? If the Republicans in Congress would repeal Obummercare the economy would really take off. Obummercare is a jobs killer. How do I know? Krugman wrote that it creates jobs. All I really need to know about Krugman was he was an economist for Enron when it tanked.
And now, unexpectedly, consumer confidence is the highest it’s been in 17 years.
U.S. consumer confidence rose more than expected in October to the highest in almost 17 years as Americans grew more confident about the economy and job market, according to figures Tuesday from the New York-based Conference Board.
There’s that word again.
Jumps in the Conference Board’s measures of the present situation and expectations signal Americans are becoming more upbeat about the economy and employment as the labor market improves and stock prices climb to records. Improvement in household confidence helps underpin their spending, the biggest part of the economy.
The results are consistent with other reports that showed economic activity and confidence are bouncing back, in part a sign that the hit from the recent hurricanes is dissipating. The University of Michigan’s consumer sentiment index climbed in October to the strongest since the start of 2004, while the Bloomberg Consumer Comfort Index is near the highest level of the expansion.
The share of respondents who say jobs are plentiful rose to 36.3 percent, the most since June 2001, while people reporting good business conditions increased to 34.5 percent, matching the highest since 2001.
Look what Trump has done in less than a year. If it weren’t for the Fake News Media pounding on him 24 hours a day 7 days a week he would have great approval numbers. Of course, the polls the Fake News Media are citing about his low approval numbers are the same polls that said Thunder Rodent Thighs was gonna win the election. We sure dodged a bullet there.
Trump is making America great again.