Issues & Insights

The Trump Recovery Continues

Unleash Prosperity Hotline, Issue 212. Excerpt provided by the Committee to Unleash Prosperity. Sign up to receive a free subscription to the full weekday newsletter by clicking here: https://committeetounleashprosperity.com/hotline/

The Economy is Fine; Biden Isn’t

We’ve noted before that the virus in Washington, D.C., seems to more resemble Mad Cow Disease than COVID, and listening to Biden’s blather on the economy only reinforces that thought.

Let us again shout it from the mountain tops: the U.S. economy is recovering rapidly (thank you, Donald Trump!) and all we need the federal government to do is nothing!!! Even vaccine distribution would likely be much faster if the government would just get the hell out of the way.

Here’s some of the evidence of an economy that is ready to rumble without more government assistance:

  • Following the blow out 33.5% growth in the third quarter (recently revised upward), private sector growth came in at a healthy 4.3% clip in Q4 with big increases in investment. Growth would have likely been twice that high in Q4 had the big blue states like California, Illinois, New Jersey, and New York not idiotically shutdown their businesses again.
     
  • The housing market is on fire. Recently the WSJ reported this headline: “Housing Prices Are Rising Everywhere in the U.S.” The average home price rose 12% over the past year (Sept. 2019 – Sept. 2020).
     
  •   The U.S. household savings rate is at or near a three-year high. Sending Americans another $1,400 of funny money is absurd.
     
  •  The latest jobs report finds some 6.5 million open jobs across the US of A. That’s more job openings than at any time during the supposed prosperous Obama years.
     
  •   Wages and salaries rose a brisk 6.9% in the fourth quarter.  
     
  •  Americans’ wealth rose by $20 trillion last year with big gains for minorities and the middle class.

Does any of this sound like an economy on the brink of disaster? Does any of this suggest to you that the feds need to spend and borrow another $1.9 trillion? To paraphrase Cool Hand Luke: “Sometimes [doing] nothing is a pretty cool hand.”

To find out …
  • What lesson the White House needs to learn
  • What’s wrong with Philadelphia
  • How a single virus case shut down a city of 2 million

click here: https://committeetounleashprosperity.com/hotline/

Will You Help Us In The Fight For Free Speech?

Issues & Insights was founded by seasoned journalists of the IBD Editorials page. Our mission is to provide timely, fact-based reporting and deeply informed analysis on the news of the day -- without fear or favor.

We’re doing this on a voluntary basis because we believe in a free press, and because we aren't afraid to tell the truth, even if it means being targeted by the left. Revenue from ads on the site help, but your support will truly make a difference in keeping our mission going. If you like what you see, feel free to visit our Donations Page by clicking here. And be sure to tell your friends!

You can also subscribe to I&I: It's free!

Just enter your email address below to get started.

Share

Guest Contributor

Subscribe to Issues & Insights via Email

Enter your email address to subscribe to I&I and you can receive notifications of new articles in your email. It’s simple, and free.

Join 5,468 other subscribers

We Could Use Your Help

Will you help us fight for honesty in journalism and against the tyranny of the left? Issues & Insights is published by a team of volunteers who believe in free speech and in quality journalism. If you like what you see, leave a donation by clicking on the Tip Jar above. You can also set up regular donations if you like. Ad revenue helps, but your support will truly make a difference. (Please note that we are not set up as a charitable organization, so donations aren't tax deductible.) Thank you!

About Issues & Insights

Issues & Insights is run by the seasoned journalists behind the legendary IBD Editorials page. Our goal is to bring our decades of combined journalism experience to help readers understand the top issues of the day. We’re doing this on a voluntary basis, because we believe the nation needs the kind of cogent, rational, data-driven, fact-based commentary that we can provide. 

%d bloggers like this: