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Sunday, May 27, 2018
stock market

Stock Market Up: What Americans Sacrificed for Modest Economic Gain

“America is roaring back,” Donald Trump pitched to the global elite gathered in Davos, Switzerland. Those back home should be asking two questions: How loud, really, is that roar? (The economy’s, not Trump’s.) And what price are Americans paying for his approach to growth? The Davos billionaires are not unimpressed by the opportunities offered by […]

January 29, 2018

The Trump Economy Is No Great Success (And He Didn’t Build It)

Amid all the uncertainty about Donald Trump’s presidency, his admirers are sure of one thing: The economy is booming, and it’s because of him. We are riding a mighty wave of prosperity driven by his tax cuts, deregulation and business savvy. The enthusiasm is contagious. “I’ve really liked what he’s done for the economy,” marveled […]

January 28, 2018

U.S. Second-Quarter GDP Growth Revised Sharply Higher To 3.7 Percent

The GDP report, which was released in the wake of a global stock market sell-off, should assure investors and cautious Fed officials that the United States was in good shape to weather the growing strains in the world economy.

August 27, 2015

Consumer Spending Bolsters U.S. Second-Quarter Growth

Gross domestic product expanded at a 2.3 percent annual rate, the U.S. Commerce Department said on Thursday.

July 30, 2015

Economic Growth Slows Sharply In 4th Quarter To 2.6 Percent Annual Rate

Economic growth, while lower than expected, remains solid.

January 30, 2015
5 Republican campaign promises that Obama fulfilled

5 Republican Campaign Promises (That President Obama Fulfilled)

By Republicans’ own standards, Barack Obama has been a wildly successful president.

December 30, 2014
US economic growth surged to its highest level in 11 years in the third quarter, data released on December 23 showed

U.S. Third Quarter Growth Highest In 11 Years

The latest GDP report is even better than expected.

December 23, 2014

Dow Tops 18,000 For First Time On Strong U.S. Growth

More good economic news is pushing the stock market to new highs.

December 23, 2014

U.S. Economy Grew Robust 3.9 Percent In Third Quarter

The economy has undergone its strongest growth phase in 11 years.

November 25, 2014

White House Predicts Stronger Economic Growth In 2014

On Monday, the White House released the 2014 Economic Report of the President, providing insight into the economic progress made in the United States since the 2007-2008 global banking crisis, and presenting an optimistic prediction for the next several years. The report, compiled by the White House Council of Economic Advisers (CEA), highlights the positive […]

March 11, 2014

U.S. Economic Growth Revised Down To 2.4% In Q4

Washington (AFP) – The U.S. economy grew more slowly than previously thought in the 2013 fourth quarter, largely due to weaker consumer spending, official data released Friday showed. The Commerce Department said gross domestic product growth in the final quarter was at an annual rate of 2.4 percent, revising its initial estimate of a 3.2 […]

February 28, 2014

Study: Government-By-Crisis Has Cost 750,000 Jobs

As time continues to run out before Congress must raise the debt ceiling — Treasury Secretary Jack Lew has pegged February 27 as the date on which the “extraordinary measures” funding the government will be exhausted — a new report has confirmed the damage that previous standoffs have done to the U.S. economy. According to […]

February 10, 2014

U.S. Economy Grew 3.2 Percent In Fourth Quarter

Washington (AFP) – The U.S. economy grew at a robust annual rate of 3.2 percent in the fourth quarter despite the partial government shutdown in October, according to Commerce Department data released Thursday. Growth in gross domestic product was led by pick-ups in exports and consumer spending, the main driver of the U.S. economy. Most […]

January 30, 2014

CBO Sees Red Ink Getting Redder

Social Security and Medicare will take up ever-larger shares of GDP in coming decades, the nonpartisan Congressional Budget Office indicated today in a report. “The aging of the population and the rising cost of health care would cause spending on the major mandatory healthcare programs and Social Security to grow from roughly 10 percent of GDP […]

June 22, 2011