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Next Democrats Will Be Tearing Out Their Hair

Gallup Satisfaction
Normal people in outside-the-Beltway America are wondering what’s going to happen next after Speaker Pelosi tore up her National Archives copy of President Trump’s State of the Union speech and the Senate has acquitted the President of all charges brought in the Democrats’ articles of impeachment.

We predict the tearing of hair, accompanied by ashes and sackcloth when Democrats absorb the latest economic news and consumer confidence survey from the Gallup Organization.

According to the latest Gallup survey, Americans’ views of their own personal finances are hitting new record highs:

59% of Americans agree they are better off financially today than they were a year ago, tied with the record high set in 1999.

74% of Americans predict they will be better off financially next year, the highest level ever recorded since Gallup began asking the question in 1977.

It looks like even Democrat voters aren't buying the doomsday rhetoric their party leaders are spouting: 60% of registered Democrats believe their personal finances will be better off in the next year.

Moreover, new data released Wednesday suggest private payrolls surged far higher than expected with the best monthly gain in five years.

AND – Fox Business reports private employers added 291,000 jobs in January, soaring past economists' expectations for the best monthly gain in more than five years, according to the latest ADP National Employment Report.

The total far exceeded the 156,000 jobs that economists surveyed by Refinitiv were expecting.

Growth was spread across a swath of sectors, boosted by the services-providing sector, which accounted for 237,000 new positions created last month, while the goods-producing sector added 54,000.

In particular, construction posted a 47,000 bounce, the best monthly gain since April. The manufacturing sector expanded its payroll by 10,000. Education and health services also accounted for 70,000 jobs, while the leisure and hospitality sector added 96,000 to the total number.

Investing.com reported the larger-than-expected gain was broad-based and included the biggest advance in service industry payrolls since February 2016, including a record surge in hiring at leisure and hospitality companies in data back to 2002.

They noted the report is in line with last week’s statement from Federal Reserve policy makers following their meeting on interest rates. The Fed said that “job gains have been solid, on average, in recent months.”

Economists monitor the ADP data for clues about the government’s job report. The Labor Department’s employment data due Friday is expected to show a 150,000 gain in private payrolls and an unemployment rate remaining at a 50-year-low of 3.5%.

As our friends at the Trump campaign pointed out in a recent email: This should all be something to celebrate, but Democrats don't want to talk about these great wins for the American people. Instead, they’re choosing to campaign on taking away private health insurance plans, raising taxes on middle-class families, obliterating American energy manufacturing, giving away free health care to illegal immigrants, and instituting open borders—and they’re on the brink of nominating a self-avowed socialist as their standard bearer.

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