Economic Optimism is through the roof

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Economic Optimism is through the roof

Postby Michaels153 » December 31st, 2017, 10:53 am
Matt Vespa |Posted: Dec 30, 2017

CNBC conducted a survey before Christmas. Economic optimism is soaring. The network noted that for the first time in over a decade, more than half of the respondents said the economy was good or excellent. The results of this survey were released on December 18, four days before President Trump signed the most extensive tax reform into law in nearly 30 years. The good economic news has not been able to buoy Trump’s approval numbers, but this survey suggest that the president could be yielding some dividends on that front as well (via CNBC):

The CNBC All-American Economic Survey found that for the first time in at least 11 years, [That is past The Eight years that President Obama was in office.]more than half of respondents to the survey rated the economy as good or excellent, while a near record 41 percent expected the economy to improve in the next year.
"We're not measuring a marginal change in the economy, we're measuring a different economy,'' said Public Opinion Strategies' Micah Roberts, the Republican pollster for the survey. The poll of 800 adults across the nation, with a margin of error of 3.5 percentage points, was conducted Dec. 10-13 by that firm and Democratic pollster Hart Research.
The survey found that 42 percent of Americans expect their wages to rise in the next year, and 41 percent of homeowners see their home values going up, the highest level recorded since 2007. In 2011, while the country remained in an economic funk from the financial crisis, just 15 percent of homeowners thought their home prices would rise.
2017 is the year that Americans finally put the recession behind them in terms of their attitudes about the economy, and it took a change in leadership" to make it happen, said Roberts.
Trump's approval rating has mostly been disconnected from the better economic data but that could be changing. With gross domestic product rising strongly the past two quarters and the unemployment rate remaining low, Trump's approval rating has jumped.
Forty-two percent in the poll approve of the job Trump is doing as president, up 4 points from the September survey, while 49 percent disapprove, down 3 points.
So far, the fourth quarter is growing at a solid four percent. [The GDP under President Obama never saw three percent!
One of the biggest criticisms of Obama's economy is that growth has been sluggish. Historically, the U.S. economy has expanded 3% or more a year, on average.The Great Recession was a meat-cleaver on the economy. Since then, the U.S. has struggled to grow at much more than 2% a year under President Obama.
Unemployment is at a near two-decade low. [That beats President Obama's eight year effort]Consumer confidence is at a 17-year high. [That surpasses President Obama]When it became clear that this tax bill, which offers relief to 80-90 percent of American families, was about to pass, scores of companies gave their workers bonuses, promised to increase employee investments, and boost philanthropic giving. This is a middle class tax cut, which Democrats will have to explain why they were opposed it as its benefits become clearer in the coming months.
The Democrats had their brilliant Harvard graduate for eight years and the U.S. GDP ranged from 1.6% to 2.6% under his management. The Left called the people who voted for President Trump stupid and some of the sorriest people on the planet. The Left called President Trump stupid. As Ricky would say, the Left has got some splaining to do. Right now the Left should be thankful for the people that put their faith in this man and voted for him. And the Left should be thankful that President Trump is leading this economy, but they aren't. They are more focused than ever on disparaging him on a daily basis. And being thankful, and giving thanks just reminds them of something else they cant stand, the people who believe in God.
The Liberal Creed: Take all the money you can, from all the people you can, in all the ways that you can, for as long as you can.
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