Economists had forecast 200,000 nonfarm payrolls in February, according to a Bloomberg survey. They raised their forecasts Thursday after a report by the payrolls-processing giant ADP showed the private sector added 298,000 jobs in February, many more than expected.
After pumping-up the economy with near-zero interest rates for the entire Obama presidency, we here at CHQ have expected that Obama’s Federal Reserve would not be friendly to Donald Trump’s plans for an economic growth agenda. And the numbers appear to bear us out.
America’s fiscal position is deteriorating sharply. Earlier this year the Congressional Budget Office forecast that the federal deficit was back on the rise in 2016, with steady increases expected over the next decade. There isn’t going to be much money for the national government to spend on “discretionary” items, including underwriting wealthy allies, rebuilding failed states, and enforcing international norms.
Now that the first votes are being cast it is time for Donald Trump to stop offering conspiracy theories, conflicting comments and disastrous suggestions about the economy and to come up with some real world plans that voters can sink their teeth into and that prove his much-vaunted business experience actually equips him to make policy for what is still, despite Obama’s best efforts to destroy it, the world’s largest economy.
In the first of a three part series on the TEA Party, Tom DeWeese, Founder and President of the American Policy Center, explains that regardless of whether you agree or disagree with all of the issues or positions of the TEA Party, it is the one movement today that is protecting the right of opposition and freedom of speech for every American.