The United States’ economy continued to roar to life under President Trump and the GOP-controlled Congress this month; officially regaining the title as the ‘World’s most competitive economy.”
The US topped the list for the first time since the ‘Great Recession’ of 2008, according to the World Economic Forum’s Global Competitiveness Report, scoring a whopping 85.6 index out of a possible 100.
“The ranking scores 140 economies on multiple drivers of competitiveness, including institutions and polices that drive productivity. Notably, this year the WEF adjusted its methodology so that its ranking has a better account of an economy’s future competitive advantages, including disruptive businesses and entrepreneurship,” writes Fox Business.
The other top five economies included Singapore, Germany, Switzerland, and Japan.
The strong economic report may spell disaster for Democrats heading into the 2018 midterm elections, with House Minority Leader Nancy Pelosi vowing to repeal the “GOP Tax Scam” should her party retake control of Congress this fall.
Read the full story at Fox Business.
'TRUMP’S ECONOMY': US Chamber of Commerce Thanks the ‘WHITE HOUSE’ for Stunning Growth
The United States Chamber of Commerce officially thanked President Trump and his policies for igniting a stunning recovery; praising the administration for slashing regulations and passing tax cuts that are helping millions of Americans.
Chamber President Thomas Donohue was speaking at a Christian Science Monitor media event in recent days when he weighed-in on the booming stock market, low unemployment, and rising wages across the country.
“I really appreciate the major effort by government, and when I say government it was the White House, but yes the Congress and the Senate, doing some regulatory fixing,” said Donohue.
“Everytime we had a new regulation we never took away the old one and that put lots of conflict in what people were facing,” he said. “There is no big mystery to progress, the results of the federal government getting off the backs business in a way that everybody understood was going to have to happen.”
“There are a lot of positive stories to tell in our current economic environment. Ten years after the worst financial crisis since the Great Depression, our economy is finally firing on most of its cylinders,” said Donohue.
Read the full story at the Washington Examiner.
ARMAGEDDON? US Economy to GROW 5.4% in FIRST QUARTER
The American economy continues to roar under President Trump and the GOP-controlled Congress, with federal trackers and analysts predicting an unprecedented 5.4% GDP growth in the first quarter of 2018.
The shocking numbers show the US economy rebounding after years of stagnating wages and low-growth GDP in the wake of the “Great Recession” under former President Barack Obama.
“The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed,” writes CNBC. “GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing.”
In other signs of progress, consumer spending surged from 3.1% to 4% following the passage of the GOP tax cuts and jobless claims continue to hover around “generational lows” with unemployment at just 4.1%.
President Trump touted the economic success story during his State of the Union address Tuesday night; applauding companies and corporations for raising wages, expanding benefits, and paying big bonuses after he signed the sweeping tax overhaul into law.