This is why Donald Trump is President: the economic isolation of the Federal Reserve

From CNNMoney: Fed official: U.S. economy finally back to normal by Heather Long | @byHeatherLong | March 29, 2017: 2:42 PM ET Congratulations, America. The economy is finally back to normal.That’s what John Williams, the head of the Federal Reserve Bank of San Francisco, declared Wednesday. “The data have spoken, and the message is clear: …

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A good start: the President’s FY2018 budget blueprint

From CNN: Trump releases $1.1 trillion ‘hard power budget’ with cuts to State Dept, EPA By Dan Merica | Updated 7:29 AM ET, Thursday, March 16, 2017 (CNN)President Donald Trump released a $1.1 trillion budget outline Thursday that proposes a $54 billion increase in defense spending corresponding cuts to non-defense spending at the State Department, …

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The February unemployment figures

From The Wall Street Journal: In Office, Trump Changes His Tune on Job Growth Numbers He Once Denounced Democrat Party chief says ‘Thanks, Obama!’ By Daniel Nasaw | March 10, 2017 | 12:44 pm ET President Donald Trump and his allies on Friday cheered a report that the U.S. economy had created 235,000 jobs in …

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Most economists oppose President Trump’s immigration policies

Heather Long tweeted: Over 200 economists disagree with Trump on immigration, NAFTA and the debt, according to @business_econ survey https://t.co/AOgvIItBU2 — Heather Long (@byHeatherLong) March 6, 2017 To which I responded: Would those be the same economists who predicted a stock market decline if Trump won? https://t.co/be9JYutNZv https://t.co/E2Jaypbxi1 — Dana Pico (@Dana_TFSJ) March 6, 2017 …

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Why didn’t the Democrats see this before the election?

From CNNMoney: Rust Belt voters made Trump president. Now they want jobs by Heather Long | @byHeatherLong | March 3, 2017: 7:26 AM ET The United States is making more things than ever before. Yes, you read that right. Manufacturing output is at an all-time high, according to one government statistic (others indicate it’s near …

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Three stories from the Lexington Herald-Leader

From the Lexington Herald-Leader: Eatery gains world attention hosting Beshear’s reply to Trump speech By Cheryl Truman | ctruman@herald-leader.com | March 1, 2017 3:06 PM EST The first Karin West knew of her diner’s impending worldwide exposure was when someone from Lexington Mayor Jim Gray’s office called to ask whether Lexington Diner could host a …

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Republicans and Democrats on economics

We noted, last September, an article by Heather Long stating that, “The general public has ‘extremely little factual knowledge’ about the job market and labor force,” and: The U.S. unemployment rate is only 4.9%, but 57% of Americans believe it’s a lot higher than that, according to a new survey by the John J. Heldrich …

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The Wall Street Journal finally catches up to The First Street Journal.

How many times have we been touting the use of the U-6 unemployment rate? From The Wall Street Journal: Forecasters See Slow Progress in Labor-Market Measures Favored by Trump Administration Workforce participation seen rising to 63.3% in 2019 from 62.9% in January By Josh Zumbrun | Updated Feb. 9, 2017 10:22 a.m. ET Broader measures …

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President Trump’s first week: his supporters are happy, the left are not

From The New York Times: Trump Backers Like His First Draft of a New America By Jack Healy | January 27, 2017 MOUNT GILEAD, Ohio — The challenge Annette Cottrell pondered was how to grade President Trump’s stormy first full week on the job. A trade war bubbling up with Mexico. A divisive border wall. …

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Even after 73 days, The New York Times still doesn’t get it Rather than examine where they went wrong, they doubled down on their pre-election claims

Even with 73 days to ponder things since the election, The New York Times still doesn’t get it: Trump’s Grim View of the Economy Ignores Most Americans’ Reality By Binyamin Appelbaum | January 20, 2017 WASHINGTON — The dismal picture of the American economy President Donald J. Trump painted in his Inaugural Address on Friday …

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