WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
In a blog post, Zogby, who co-writes the weekly Trump report card for Secrets, noted that more and more Americans believe they are increasingly better off since the president took office.
“More than two in three (68 percent) tell the pollsters that the economy is strong, while 32 percent say it is weak – and this includes 76 percent of men, 61 percent of women, 64 percent or more of all age groups, 57 percent and 58 percent of Hispanics and African Americans respectively, and 63 percent of political moderates,” blogged Zogby citing a new Harvard University-Harris poll.
— Read on www.washingtonexaminer.com/washington-secrets/morning-in-america-more-say-theyre-better-off-under-trump-blacks-hispanics
Say what? So, I take this to mean, all the reports about how crappy the tax bill was were “fake news”?
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that the GOP tax bill is working better than he thought it would and the evidence “seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money.”
Brooks stated, “I was against the Trump tax cuts. But the early evidence is that they’re working better than I thought. And so, in the first quarter, among S&P companies, capital expenditures are up 39 percent. That’s a seven-year high. That’s far higher than a lot of us thought. Stock buybacks, which is just giving people — to shareholders, that’s only 16 percent. So the evidence from just the first quarter seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money. … And so, it’s important to oppose what’s opposable and what’s reprehensible and offensive. And we’ve been doing that, as I say, for three years. But it’s also important to see reality. And the more serious opposition will, frankly, be on disastrous policies or not disastrous policies.”