Rex Trulove
The Bureau of Labor Statistics (BLS) is the main government agency that tallies and collects data for the US government regarding labor and economics. The BLS just released data that the media definitely didn’t want to see. For the first time in a decade, the United States has retaken its spot as the number one competitive economy in the world. The US dropped out of this position in 2008.
This isn’t good news for the mainstream media, which has tried hard to attack the president, the president’s policies, and the Republicans in both the Senate and House of representatives. It is even worse news, considering that midterm elections are only about three weeks away and the Democrats have been saying for most of two years how they will block or change the president’s policies if they regain control of the House and Senate.
This means that the midterm elections will be about whether or not people are better off now than they were when the president was sworn in. Consumer confidence and business confidence have both been soaring, so it rather looks like people are better off.
Part of the good news is that there were a record number of 7.136 million job openings posted in August. In the same month, there were 6.23 million people in the US who were seeking work. That means that there were nearly a million more jobs being offered than there were people to fill those jobs. The number of people who were looking for work also fell more in September to 5.96 million, so the trend is continuing.
This is part of the reason that the unemployment rate in the US dropped to 3.7%, which is the lowest it has been in decades. Unemployment is tremendously low for females and is at record lows for Hispanics and Blacks. These numbers totally blow away the numbers that were posted for the period of 2008 to 2016, before Trump took office and his policies were enacted.
Salary employees are also making more money than they were in the past. The average weekly wage for salary workers was $887 for the third quarter of 2018. It should be stressed that this is the average.
With a growing disparity between the number of available jobs and the much lower number of people who are looking for jobs, the average wage will most likely continue to increase. In order to keep employees, employers, many of whom are expanding because of the rapidly growing economy, will find themselves forced to pay more money to the employees they have if they want to keep them.
Employers aren’t complaining much because productivity is also showing a significant increase. All of this means that more people are employed, those people are making more money, they are producing more, businesses are expanding and will continue hiring more people, and the businesses are making more money in the process. It is a “win” across the board.
The Democrats running in the midterm elections are pouring millions of dollars into campaigns in an effort to smear their opponents. Largely, this is because they have nothing else to use to fight against the tremendously good economic and foreign policy news. Republicans supported the policies that are paying dividends, for the most part.
Yet, those same Democrats have openly said that they want to undo the policies. They are ignoring the good news and want to dismantle the growth in the economy. They aren’t denying it and are in fact running on that platform.
They do realize, though, that if people vote based on whether or not they are better off today than they were two years ago, the majority of voters, including registered Democrats, will not vote for the Democrats who want to go back to the policies of the last administration, which led to stagnant economic growth. For this reason, Americans can expect that there will be an increase in smear campaigns leveled at their Republican and Independent opponents. The mainstream media has been doing what they can to help the Democrats. It is an effort to turn attention away from the accomplishments of the past two years. It doesn’t even make any difference if a person likes President Trump or not, his policies are working for a change.
All of this impacts other countries, too. Since the end of WWII, when the economy of the US has been strong and growing, the economies of most other countries has also grown and become stronger. When the economy of the US has been stagnant, that of other countries has been, too.
This actually makes a lot of sense. The US buys more products produced in other countries than any other nation. If the US economy is strong, Americans buy more products that are produced in other countries, which helps boost those other economies.
The bottom line is that the great news released by BLS is also great news for nations around the world. Likewise, the US elections should be quite important to other nations. If the Democrats gain control of the House and Senate, the Democrats have promised to do everything they can to reverse the policies that have led to a robust economy. That will have a negative impact around the world.
For the people in the US, I urge you to vote on election day. Consider; are you economically better off today than you were two years ago? Do you want to see the economy get even stronger, or do you want to see it fall back to the stagnation of 2008-2016?
Either way, vote!
I am so glad to read this, I do support Trump and he knows what he is doing, he is running the country like a business and its showing. I will be voting and I will vote for the Rep. party.
From the time I moved to Montana, I’ve been living here in this town. It is in the most economically depressed county in Montana. Unemployment has always been high, income levels very low, businesses have been barely scraping by, and if it wasn’t for the strong community support and volunteer work done by organizations like our church, many families would have starved or frozen to death. The number of poor families was increasing because middle-income families were having to spend so much more for their medical coverage due to ObamaCare.
All that started to change in 2016, though it was a slight change at first. Then, late in the year, the tax cuts started and other policies kicked in. There is actually growth throughout the county, for the first time in a long time. That isn’t growth in population but in conditions. Businesses are hiring. They are expanding, too. Our local tire store just built a new store that is about 5 times larger than the old one and is capable of servicing semis. One of the two service stations had a new, large building and gas pump bay and plans to open it in the next month or so. It is about 4 1/2 times bigger than the old one. Our discount store just had a new building built that will be a sporting center. The local store just redid their entire parking lot, which they couldn’t afford until recently. New homes have been going in for the first time in a long time, and some of those are extremely nice. Wages are increasing and the people are keeping more of what they earn.
I could go on and on. All of that is in a town of a thousand people. Other towns in the county are experiencing the same thing. In fact, the whole state is.
All of this began with policies that lowered taxes, lowered regulations, and encouraged expansion. This town is alive again. There aren’t many people here who want to go back to the policies of 2008-2016 that nearly killed this town.
Plenty of information in your post! Thank you for sharing it with us!
The best part is that it is easy to verify. The numbers are simple facts, so they are documented.
Makes no sense does it Rex? Crazy.
It sure doesn’t, Carol. All Americans, including politicians from both sides of the aisle, should be really happy. Those who aren’t don’t really care much about the American people, clearly. It is sad that their whole platform has been so focused on ‘hate Trump’, and they keep doubling down on it until it is nearly impossible for them to accept the good news. The media will only admit it if they have no choice unless they can spin it in some way that is negative.
Some of the negative spins have even come back to bite them. The Democrats were totally against the tax cuts. They used an untrue spin that it would hurt middle-class Americans and the poor and would only benefit big business. As it turned out, though, it helped the middle-class, allowing them to keep more of their paycheck, while also helping small, medium, and big businesses which responded by giving pay raises and hiring more people. Hiring more people helped the poor by putting them to work. The Democrats were left with egg on their faces.