US economy is strong and should stay strong well into 2019 at least

White House Council of Economic Advisors Kevin Hassett presents evidence of the difference of deregulation and tax cuts on the US economy. There seems to be improved capital spending and business confidence.

The case is that more factories were built in the first half of the year and they will increase production in the second half of the year.

The third quarter GDP estimate number will be released October 26, 2018.

150 thoughts on “US economy is strong and should stay strong well into 2019 at least”

  1. Amazing what can happen when we get government out of the way. It doesn’t matter the party, it’s what they do. Add regulation, taxes and spending, economy suffers. Reverse those trends, things get better. We just have to hope we get spending under control. Republicans have totally blown it there.

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  2. Amazing what can happen when we get government out of the way. It doesn’t matter the party it’s what they do. Add regulation taxes and spending economy suffers. Reverse those trends things get better. We just have to hope we get spending under control. Republicans have totally blown it there.

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  3. I would actually like to see a list of deregulations and an analysis of how the deregulation actually help to improve the economy. I can’t see how poisoning the air and water can possible lead to long term economical growth.

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  4. Very interesting graphs showing the abrupt reversal of negative economic trends around the turn of the year from 2016 to 2017. It is difficult to say what may have changed at that time to account for this reversal.

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  5. Well… different kinds of deregulation. Repealing the Glass-Steagall Act may have caused the 2008 recession. So, in the end, it’s really about not being greedy. That kind of regulation.

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  6. I would actually like to see a list of deregulations and an analysis of how the deregulation actually help to improve the economy. I can’t see how poisoning the air and water can possible lead to long term economical growth.

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  7. So the Obama economy is still doing well. Once the Trump tariffs are in place we will see the beginning of the Trump economy.

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  8. Very interesting graphs showing the abrupt reversal of negative economic trends around the turn of the year from 2016 to 2017. It is difficult to say what may have changed at that time to account for this reversal.

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  9. Well… different kinds of deregulation. Repealing the Glass-Steagall Act may have caused the 2008 recession. So in the end it’s really about not being greedy. That kind of regulation.

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  10. The state programs must be certified CWA and CAA compliant by the states or they do not receive primacy. They can’t pass anything they want.

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  11. The Clean Air Act and Clean Water Act are federal laws, which are enforced by the EPA. While the EPA works with state governments to enact the law, and the states themselves are free to choose how they can meet the laws’ requirements, they are not enforced by the state. The states could also themselves have laws that mirror those of the CAA and CWA or force compliance with them which they can then enforce, but then they are separate laws.

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  12. The state programs must be certified CWA and CAA compliant by the states or they do not receive primacy. They can’t pass anything they want.

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  13. The Clean Air Act and Clean Water Act are federal laws which are enforced by the EPA. While the EPA works with state governments to enact the law and the states themselves are free to choose how they can meet the laws’ requirements they are not enforced by the state. The states could also themselves have laws that mirror those of the CAA and CWA or force compliance with them which they can then enforce but then they are separate laws.

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  14. Federal revenues are at record levels, contrary to dire predictions from leftist Democrats about the impact of Trump’s income tax reforms.

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  15. Just by getting rid of Obama’s regulation, Trump has essentially initiated another “Reagan” economic renaissance. I am one of the “small” business people who is benefiting from it (I am a system integrator in industrial automation). It is up to both parties in Congress to help foster it along. If, in their stupidity, the GOPe and Dems decide to abort it, I may consider leaving the U.S. for the potential of greater opportunities elsewhere (I lived in various Asian countries for 10 years and am thus comfortable living abroad). I like where I live now and would prefer not to leave (which is why I want the “Reagan” economic renaissance). But if the majority of the American electorate prefers a European like social welfare state, then I’m better off on my own somewhere else.

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  16. Federal revenues are at record levels contrary to dire predictions from leftist Democrats about the impact of Trump’s income tax reforms.

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  17. Just by getting rid of Obama’s regulation Trump has essentially initiated another Reagan”” economic renaissance. I am one of the “”””small”””” business people who is benefiting from it (I am a system integrator in industrial automation). It is up to both parties in Congress to help foster it along. If”” in their stupidity the GOPe and Dems decide to abort it”” I may consider leaving the U.S. for the potential of greater opportunities elsewhere (I lived in various Asian countries for 10 years and am thus comfortable living abroad). I like where I live now and would prefer not to leave (which is why I want the “”””Reagan”””” economic renaissance). But if the majority of the American electorate prefers a European like social welfare state”””” then I’m better off on my own somewhere else.”””

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  18. The public federal debt ofthe United States grew some 7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}+ last year The US dollaar is on the way to collapse

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  19. Dems expected to take House, which means that further tax cuts and deregulation will be off the table in 2019. Wonder if that possibility is priced into the stock market yet?

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  20. Dems expected to take House which means that further tax cuts and deregulation will be off the table in 2019. Wonder if that possibility is priced into the stock market yet?

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  21. First you can’t create a new business or sustain an existing one without the seed corn and nourishment of capital investment.Second only businesses create jobs. You can’t have a job without a business. Third jobs create all incomes including middle-class incomes.Fourth incomes create family and consumer spending. Okay?This is not complicated. It’s common economic sense. GDP always equals 46{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} times non-residential produced assets (equipment machines structures computers etc.) plus 7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} times residential produced assets. Accordingly every additional dollar ofcapital investment in plant and equipment increases the stock of non-residential produced assets by a dollar and this in turn generates 46 cents more GDP…every year! There is no better game in town.This is something those brainwashed in Keynesiantardism just don’t understand. And why they are ‘shocked’ about what is happening and will be ‘shocked’ when this boom keeps on a truckin’…provided the Dems don’t capture the House and then cause a market crash with their impeachment idiocy.But I gotta say: Doesn’t seem like the GOP even cares. They are doing a LOUSY job of running on this economy — which should be a no-brainer but hey they are a bunch of Bush/McCain/Romney RINOs is seems.”

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  22. Obama declared his economy DEAD after Trump took over, remember? Now all of a sudden, he is claiming credit for Trump’s economy. And the more tariffs get put into place, the more the economy improves! Amazing that!

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  23. How far back…going years now…do you think we’d find Matteo posting about the ‘imminent’ collapse of the dollar? We are still waiting, Matteo.

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  24. The media did that. Same media saying it now. And them bringing Barry out of the closet demonstrates sheer desperation on the Dems part, too. After all, he’s only good for costing Dems seats. That’s a proven fact. But what I am worried about is the near-complete absence of the GOP doing anything to win this election. It’s like they want to lose or something.

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  25. First, you can’t create a new business or sustain an existing one without the seed corn and nourishment of capital investment. Second, only businesses create jobs. You can’t have a job without a business. Third, jobs create all incomes, including middle-class incomes. Fourth, incomes create family and consumer spending. Okay? This is not complicated. It’s common economic sense. GDP always equals 46% times non-residential produced assets (equipment, machines, structures, computers, etc.), plus 7% times residential produced assets. Accordingly, every additional dollar of capital investment in plant and equipment increases the stock of non-residential produced assets by a dollar, and this, in turn, generates 46 cents more GDP…every year! There is no better game in town. This is something those brainwashed in Keynesiantardism just don’t understand. And why they are ‘shocked’ about what is happening and will be ‘shocked’ when this boom keeps on a truckin’…provided the Dems don’t capture the House and then cause a market crash with their impeachment idiocy. But I gotta say: Doesn’t seem like the GOP even cares. They are doing a LOUSY job of running on this economy — which should be a no-brainer but hey, they are a bunch of Bush/McCain/Romney RINOs, is seems.

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  26. Obama declared his economy DEAD after Trump took over remember? Now all of a sudden he is claiming credit for Trump’s economy. And the more tariffs get put into place the more the economy improves! Amazing that!

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  27. How far back…going years now…do you think we’d find Matteo posting about the ‘imminent’ collapse of the dollar? We are still waiting Matteo.

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  28. The media did that. Same media saying it now.And them bringing Barry out of the closet demonstrates sheer desperation on the Dems part too. After all he’s only good for costing Dems seats. That’s a proven fact.But what I am worried about is the near-complete absence of the GOP doing anything to win this election. It’s like they want to lose or something.

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  29. Define greedy? Profit motive and price discovery are great cleansers of the free market. Government causes more damage via unintended consequences than they solve through regulation. Would you be considered “greedy” for wanting the best deal on a new car, or is the salesman “greedy” for wanting the higher commission with a higher price? Free exchange and lack of coercion in the transaction leads both “greedy” parties to a point they are willing to engage in the exchange. Government distorts many transactions by regulation.

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  30. Fire, you can’t be blamed for thinking this. Correlation looks like causation at times. Nobody can prove a single point caused ’08, but Glass-Steagall had nothing to do with it. Cheap money, government regulations around bank lending, and GAAP standards for Tier 1 capital were huge problems caused by government, central banking, and mark-to-market accounting standards. In short, the rules of the game changed in the middle of the game for banks. Fannie and Freddie were the ones asking the private market for more sub-prime loans because congress wanted more lending to people who couldn’t afford it. Vote getting scheme. Both agencies owned about 73% of the sub-prime mess. If you’re up for a good read, look at “Hidden in Plain Sight” by Peters Wallison.

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  31. Define greedy? Profit motive and price discovery are great cleansers of the free market. Government causes more damage via unintended consequences than they solve through regulation. Would you be considered greedy”” for wanting the best deal on a new car”””” or is the salesman “”””greedy”””” for wanting the higher commission with a higher price? Free exchange and lack of coercion in the transaction leads both “”””greedy”””” parties to a point they are willing to engage in the exchange. Government distorts many transactions by regulation.”””

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  32. Fire you can’t be blamed for thinking this. Correlation looks like causation at times. Nobody can prove a single point caused ’08 but Glass-Steagall had nothing to do with it. Cheap money government regulations around bank lending and GAAP standards for Tier 1 capital were huge problems caused by government central banking and mark-to-market accounting standards. In short the rules of the game changed in the middle of the game for banks. Fannie and Freddie were the ones asking the private market for more sub-prime loans because congress wanted more lending to people who couldn’t afford it. Vote getting scheme. Both agencies owned about 73{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the sub-prime mess. If you’re up for a good read look at Hidden in Plain Sight”” by Peters Wallison.”””

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  33. With a cheer leader like Trump all they want to do is leave the field and have a beer {it would probably be a Cognac and a cigar}.

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  34. With a cheer leader like Trump all they want to do is leave the field and have a beer {it would probably be a Cognac and a cigar}.

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  35. …except, the Dems all screamed how Trump was going to ruin the economy in 2017. Then they said that it would be all his (economy). Obama led that parade. Now they claim it was their economy all along. Public knows better. The Dems have nationalized this election while the GOP is behaving like it hasn’t been. That is the problem with the GOP.

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  36. Third, jobs create all incomes, including middle-class incomes.” Very true, and while the first graph appears indefinitive relative to the average trend, graphs 2, 3, 4 and 5 do show a positive impact. However, when you look at total jobs (not just blue collar), unemployment, and average hourly earnings, there doesn’t appear to be any noticeable difference between the election. http://www.npr.org2018