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The Trump-Hating Left’s Worst Nightmare: Things Really Are Looking Up
Wednesday, June 4, 2025 1:27 PM
6IXSTRINGJACK
Quote:But then the data started coming in, and suddenly those voices went silent. Why? Because it’s all been “unexpected” good news. On Monday, for example, the Atlanta Federal Reserve Bank updated its GDPNow forecast – which projects quarterly economic growth in real time based on ongoing data releases. The current “nowcast,” as it’s called, shows growth in the second quarter of 4.6%, which is up from the 3.8% growth figure released last week. The latest Consumer Price Index shows inflation in April was just 2.3%, marking the third consecutive monthly decline under Trump, and hitting a low not seen since February 2021, which, for those keeping score, was the month before Joe Biden went on his $1.9 trillion “American Rescue Plan” spendathon. The monthly jobs report for April came in higher than expected, with the creation of 177,000 jobs, after the March report came in significantly higher than expected. Yesterday, the Bureau of Labor Statistics reported a “surprising” increase in the number of job openings. People are noticing these positive trends, as well. The Consumer Confidence Index jumped more than 12 points in May after a series of declines, and the Conference Board’s “Expectations Index” — which measures consumers’ short-term outlook for income, business, and labor market conditions — surged 17.4 points. “Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects,” the Conference Board says. In addition, more than half of those surveyed by the Harvard/Harris poll now say the economy is strong, which is the first time that’s happened since June 2021. And, to top it off, Trump’s job approval has been trending upward. The spread in the RealClearPolitics is now just -2.2 points – it was -7.1 points in late April. The public’s approval of his handling of the economy, in particular, has improved. And a larger share of people think the country is on the right track than at any time in the past 16 years.
Wednesday, June 4, 2025 11:23 PM
JEWELSTAITEFAN
Quote:Originally posted by 6ixStringJack: https://issuesinsights.com/2025/06/04/the-trump-hating-lefts-worst-nightmare-things-really-are-looking-up/ Quote:But then the data started coming in, and suddenly those voices went silent. Why? Because it’s all been “unexpected” good news. On Monday, for example, the Atlanta Federal Reserve Bank updated its GDPNow forecast – which projects quarterly economic growth in real time based on ongoing data releases. The current “nowcast,” as it’s called, shows growth in the second quarter of 4.6%, which is up from the 3.8% growth figure released last week. The latest Consumer Price Index shows inflation in April was just 2.3%, marking the third consecutive monthly decline under Trump, and hitting a low not seen since February 2021, which, for those keeping score, was the month before Joe Biden went on his $1.9 trillion “American Rescue Plan” spendathon. The monthly jobs report for April came in higher than expected, with the creation of 177,000 jobs, after the March report came in significantly higher than expected. Yesterday, the Bureau of Labor Statistics reported a “surprising” increase in the number of job openings. People are noticing these positive trends, as well. The Consumer Confidence Index jumped more than 12 points in May after a series of declines, and the Conference Board’s “Expectations Index” — which measures consumers’ short-term outlook for income, business, and labor market conditions — surged 17.4 points. “Consumers were less pessimistic about business conditions and job availability over the next six months and regained optimism about future income prospects,” the Conference Board says. In addition, more than half of those surveyed by the Harvard/Harris poll now say the economy is strong, which is the first time that’s happened since June 2021. And, to top it off, Trump’s job approval has been trending upward. The spread in the RealClearPolitics is now just -2.2 points – it was -7.1 points in late April. The public’s approval of his handling of the economy, in particular, has improved. And a larger share of people think the country is on the right track than at any time in the past 16 years.
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