When Americans celebrated our nation’s 243rd birthday Thursday, they could have also reveled in the country’s prosperity. Because America’s economic success — credit President Trump — has been monumental.

Since June 2009, following the end of the Great Recession, the economy has had an average growth of 2.3%.

Payroll growth, said CNBC Friday, rebounded sharply in June “as the U.S. economy added 224,000 jobs, the best gain since January and running contrary to worries that both the employment picture and overall growth picture were beginning to weaken. The unemployment rate edged up to 3.7% as labor force participation rose, according to the Labor Department.

“Economists surveyed by Dow Jones had expected nonfarm payrolls to rise by 165,000 and the unemployment rate to hold steady at 3.6%.”

Complementing and adding more explanation, The Wall Street Journal said: “Per capita incomes have grown at significantly faster rates under President Trump than they did under Barack Obama in Pennsylvania, Ohio, Nevada, Wisconsin and even Iowa despite retaliatory tariffs on American exports.

“… The Trump administration has for the most part focused on growth,” it continued. “Its policy mix of deregulation and tax reform has unleased more private investment and job creation that has lifted productivity and wages for the non-affluent. The result has been faster growth and less inequality.” Of course, the mainstream Democrat media press ignores this.

While Mark Moore in the New York Post said the economic surge has been slower than previous expansions — 3.9% growth in the 1990s and 4.2% in the 1980s — the decade long expansion has seen record low unemployment, record job growth with the creation of 21.4 million jobs and low interest rates. And though history says we’re due for a recession, many disagree.

“Do I think the market is priced to allow the possibility of a recession? Not in the U.S.,” Rob Arnott, founder of investing firm Research Affiliates, which advises on roughly $182 billion in assets worldwide, told the Journal.

“Few believe the U.S. will slide into recession imminently,” said the Journal, noting that in a June survey it conducted, only 4.9% of economists expected the next recession to start this year. Nearly half said they expected a recession in 2020, while 37% didn’t expect a recession until 2021.

In the meantime, the growth of the U.S. economy has been unparalleled — 121 consecutive months — marking the longest economic expansion in American history.

Which is, indeed, something to celebrate.

(12) comments

DeadBolt

Another win for the good guys! [cool]

pops

I whole-heatedly agree. Under Trump, the rich are getting richer at an ever increasing rate. Meanwhile, common folk can't even keep their schools open. MaST comes to mind...

DeadBolt

Glad you cotton up to the idea. Everyone is got more in their pocket because of the TAX plan under this President. Now, if your a loser liberal, and love to talk about how to spend other folks money by way of taxation , well, maybe its time you small group of complainers pull your funds and start your own private school! It could be a sequel called MAST 2 ! Love the common folk comment, for the topper there, FYI, Carteret county schools are feeding kids throughout the summers now, so, um, you may be behind on times. No learning required. Get a life , or go hug some turtles. [yawn]

DeadBolt

HAHA........ here, show me anyone with a record like this one, then spout off all you want to. [ http://www.magapill.com/ ] HONK HONK! [beam]

pops

Hmmm... So Carteret citizens are flush with Trump tax savings, but can't afford to feed their own children. And you're proud that the school system is feeding them with... oh yea! - collected tax money. Well, at least they're eating. And perhaps increasing their exposure to a good liberal education along the way. Way to go DB!

David Collins

Suspect that any tax savings are limited to those that actually pay federal taxes. Also suspect that if the meals are free, then that leaves more money for beer and tattoos. Gotta have priorities you know.

DeadBolt

Well, pops confusing federal vs local, is on you , however, imo, ANY GOVERNMENT , needs to get out of alot of businesses they have injected themselves into. Free Summer Food is one such example. I am awaiting someone to post a record like the link i provided on the current President, and lets do an actual side by side. [whistling]

00rolf

The tax plan under this administration are stealing from future generations and pocketing most of the loot themselves. Cutting taxes and increasing government spending when the economy is going good is pure stupidity, and greed.

David Collins

Exactly, OO, agreed. Pure madness. That is why we do not want to do Medicaid Expansion. Just madness.

00rolf

One can always trust a trumpie to cut down budget to aid our fellow humans in need of medical attention and increase the budget on the ability to kill off as many of our fellow humans as possible.

gw

the economy is much better for the 1% and the wannabe 1% only.

dc

You referring to abortions and old folks?

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