So-called experts continue to forecast an economic downturn, but the America First policies implemented by President Donald Trump and the GOP have consistently exceeded expectations. That has been a hard pill to swallow for the fake news media and left-leaning pundits. However, there is no escaping the economic facts.
It’s important for everyday Americans to recognize that seemingly impartial media outlets continue to push discouraging economic forecasts, only to be proven wrong when real numbers emerge. Take, for example, MarketWatch. On February 6, the outlet ran a headline that adds to the false narrative the Trump economy is not booming. In its article, “U.S. economy added 225,000 jobs in January — but hiring in 2019 might not look as rosy,” it pushed the anti-prosperity narrative stating, “Hiring has clearly slowed. The U.S. added an average of 176,000 jobs a month in 2019 vs. 223,000 in 2018.”
Failing to mention the country remains at what is considered full employment, it’s challenging to increase hiring unless people get retrained, or new positions are created. The Trump Administration has been hard at work doing both. On Feb. 7, MarketWatch was forced to issue what amounts to a correction of its phony doom-and-gloom fiction when the jobs report came out. In 24 hours, its headline switched to “U.S. adds 225,000 jobs in January as hiring speeds up again — labor market ‘astounding.’” Well, go figure.
The facts are that the economy was expected to only add 160,000 jobs, and once again exceeded expectations. That has been the story the establishment media doesn’t want everyday Americans to hear. When a first-time politician rejects the Washington, D.C., way of doing things and creates unprecedented growth, it spells doom for do-nothing career politicians on both sides of the aisle. One must keep in mind that the establishment media relies on these same politicians for juicy stories and career positions after their mediocre-paying “journalism” jobs run dry.
That being said, let’s look at some of the other economic facts the fake news doesn’t want you to know:
- The country now enjoys the highest employment ratio for prime-age employees since 2001, at just over 80 percent.
- The construction sector improved employment by 44,000, despite traditional downturns in the winter.
- The workforce participation rate improved to 63.4 percent in January. That marks the top measure since the recession.
- Hourly wage earnings upticked by 7 cents in January and 3.1 percent on average during the last 12 months.
- The December jobs report was also revised and reportedly added an additional 2,000 positions over initial tallies.
Despite repeatedly proving experts wrong, the fake news media continues to perk up only when the Trump Administration falls short of the high bar they have set. President Trump has pushed his economic team to get the country over 3-percent GDP growth consistently. Such figures are difficult to attain because they require retrained workforces and new manufacturing opportunities. While these are steadily improving, his break-neck speed goals have hit a few speed bumps.
“This is a long cycle, and what you’ve got here in the Trump years is essentially a mini upcycle,” National Economic Council director Larry Kudlow reportedly said. “You’ve gone from 1.5 percent to 2 percent growth. We had it going at almost 4 percent, then the Fed tightened. We’re now down to 2.5 percent to 3 percent. I’m looking for faster growth. I think we’re going to get 3 percent this year. The trade deals will help, the Fed changed policy — that was very, very important.”
What’s missing from the mainstream narrative is that many of the tangible gains exceeded expectations when the president won the 2016 election. Obama said increased manufacturing and growth were impossible. Of course, the mainstream media conveniently forgets that Obama posted quarters of negative GDP activity and, perhaps, the worst recovery policies ever conceived.
And while that recent MarketWatch article had to come clean about the Trump economy posting another win, it couldn’t resist feeding negativity.
“Perhaps more vexing — if it can be called that — is an apparent halt in wage growth at about 3% a year. The economy cannot grow much faster if worker pay doesn’t increase any faster. Economists predict the U.S. will expand about 1.5% this year compared with 2.3% in 2019,” MarketWatch stated.
If you are a gambler, the smart money is on President Trump beating that prediction as well.