Economy

GREAT AGAIN: GDP to Hit 5.3% THIS SPRING, Reach 15 YEAR HIGH

posted by Hannity Staff - 6.27.18

A handful of Wall Street insiders and leading economists are revising their GDP predictions upwards for spring 2019; saying the US economy may grow by an astounding 5% in the coming months.

According to Market Watch, forecasts for next year are being revised after a string of healthy tax returns, repatriated currency, and record low unemployment in the second quarter of 2018; possibly reaching a 15 year high this spring.

“Most notably, Macroeconomic Advisers raised its forecast to 5.3% from 4.5% for gross domestic product, the official scorecard for the U.S. economy. The firm’s forecast is one of the most detailed on Wall Street,” writes Market Watch.

The last time the Gross Domestic Product smashed the 5% mark was in 2003.

Read the full report here.

NANCY'S NIGHTMARE: 2 Million Americans OFF FOOD STAMPS During Trump’s FIRST YEAR

posted by Hannity Staff - 3.16.18

The number of Americans receiving food assistance from the US government dropped by over two million people during President Trump’s first year in office; the direct result of a booming economy and low unemployment following the GOP-sponsored tax cuts.

According to the Daily Caller, roughly 42.2 million Americans were enrolled in the Supplemental Nutrition Assistance (SNAP) program throughout 2017; an eleven percent drop from 2013 following President Obama’s second inauguration.

“Federal spending for SNAP totaled $68.0 billion or 4 percent less than in the previous fiscal year” writes the Caller. “This was also 15 percent less than the historical high of $79.9 billion set in FY 2013.”

The positive economic data echoes similar statistics published earlier this week, with consumer confidence soaring to its highest levels in over a decade.

According to the Wall Street Journal, the consumer-sentiment index reached 102 in March; the highest level seen since 2004. Data also shows the index inching up in February as well, reaching an already-healthy score of 99.7.

“Consumers continued to adjust their expectations in reaction to new economic policies,” said Richard Curtin, the study’s senior economist.

NANCY'S NIGHTMARE: Home Depot to PAY BIG BONUSES After GOP Tax Cuts

posted by Hannity Staff - 1.25.18

Nancy Pelosi and Chuck Schumer’s doom-and-gloom predictions following the GOP tax cuts continued to crash and burn this week, with home-improvement giant Home Depot announcing their plans to pay out big bucks to their hourly employees.

The construction and hardware chain unveiled the new plan Thursday, pledging to dish-out $1,000 bonuses to US-based workers in the wake of the recently passed Republican tax legislation.

According to CNBC, the company structured its new payment scheme on fellow superstore Walmart; determining the size of the bonus by the employee’s “length of service.”

Based on the new plan, all of Home Depot’s American workers will receive $200, going up to $1,000 for individuals who’ve been with the company for two decades.

“This incremental investment in our associates was made possible by the new tax reform bill,” Chief Executive Officer Craig Menear said in a statement. “We are pleased to be able to provide this additional reward to our associates.”

Home Depot becomes the latest American corporation -joining Walmart, Visa, American Airlines, AT&T, Apple, and others- to raise wages, expand benefits, and pay-out big bonuses following the GOP-led tax cuts.

+
Thank you for visiting Hannity.com. You are about to leave
Hannity.com and proceed to a site owned and operated by a third party.
Hannity.com has no control over the content of this third-party site.
Click OK to proceed.
OK
X
You may if you would no longer like to receive a newsletter.
You have been successfully unsubscribed!
Please see our Terms of Use and Privacy Notice .
If you have any questions or concerns please contact us.