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#1 User is offline   MTP Reggie 

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Posted 28 January 2019 - 07:37 AM

Under Trump, U.S. Economic Freedom Rises Significantly
Jan 25th, 2019
COMMENTARY BY Anthony B. Kim
Research Manager and Editor of the Index of Economic Freedom
Anthony B. Kim researches international economic issues at The Heritage Foundation, with a focus on economic freedom and free trade.

<More Bad News For democrats/proggies/lefties Here>

The U.S. economy is roaring like no other time in recent memory. The job market is hot, unemployment is down to record lows, and small business optimism is soaring.

But this newfound dynamism didn't come from nowhere. It required a package of market and consumer-friendly reforms passed by Congress and adopted by the Trump administration. These reforms have boosted economic freedom.

According to The Heritage Foundation's 2019 Index of Economic Freedom, America's economic freedom has seen a dramatic boost—from 18th place in the world to 12th place in the span of just one year. America's score ticked up by more than a full point from last year, reaching the highest level in eight years.

Get exclusive insider information from Heritage experts delivered straight to your inbox each week. Subscribe to The Agenda >>

https://www.dailysignal.com/wp-content/uploads/IndexScoresUS-768x849.jpg


The annual index—now celebrating its 25th year—provides an overall snapshot of almost every country's level of economic freedom. It takes into account a variety of factors, like taxation, regulation, and trade. It is relevant to our job prospects and the prices we pay for goods and services, not to mention what kind of appliances and cars we can choose and buy.

Higher economic freedom scores tend to correlate with faster growth and broader economic expansion, as well as higher incomes and overall wealth. In fact, per capita incomes in the freest countries as measured by the index are six to seven times higher than incomes in the least free countries.

With that in mind, the United States' notable rebound is very good news.

The vibrant growth we're feeling has been unleashed by several key policy changes over the past two years, the most important being the 2017 tax cuts and deregulation. Real gross domestic product grew by upward of 3 percent over the last four quarters—unlike anything seen in the last 13 years. No wonder small business optimism has risen.

More remarkably, almost half of the states in the union now enjoy their lowest unemployment rates ever recorded by the Labor Department. Wages are rising for the first time in two decades, with an overall unemployment rate of 3.8 percent, matching the lowest rate in 50 years.

As the index has demonstrated since its first edition in 1995, the overarching objective of economic policies should be to create an environment that empowers people with more choices, thereby encouraging greater dynamism, business creation, and economic expansion.

Fortunately, some policymakers, both in the U.S. and abroad, have been paying attention to the data presented in the index. More than half of the countries ranked in this year's index registered gains in economic freedom.

Others have stuck with discredited models of state planning and centralized control, and have reaped the consequences. Regrettably, the world remains divided between those who have economic freedom and those who do not.

This year's index results give cause for cautious optimism, but show that the task of restoring America's economic freedom is far from complete. As the U.S. economy is becoming more vibrant, the coming months and years present unique opportunities to implement more freedom-oriented economic policies.

America should build upon its new momentum. Why would we heap on more government spending, protectionism, and taxes?


(snip)

<More Bad News For democrats/proggies/lefties Here>
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#2 User is offline   AntonToo 

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Posted 28 January 2019 - 08:28 AM

View PostMTP Reggie, on 28 January 2019 - 07:37 AM, said:

The U.S. economy is roaring like no other time in recent memory. The job market is hot, unemployment is down to record lows, and small business optimism is soaring.

But this newfound dynamism didn't come from nowhere.


Of course it didn't come from just nowhere. It came from the longest economic expansion in modern history that began in 2010.

Job growth has been "hot" since 2012, it's just that the right didn't get around to calling it that word until 2017.

And yes - if you keep having "hot" job growth unemployment will go down and at some point you will hit "record lows":

https://www.bigtrends.com/wp-content/uploads/2019/01/010419-payrollunemployment.png


I also love how the Stock Market and GDP growth dropped off as from the economic indicator radar - probably because stock market was flat in 2018 and the much promissed 4% GDP growth is nowhere in sight.

..."Small Bussiness optimism", may as well be replaced with "optimism of Republicans who happen to own a bussiness" - because that seems to be largest component in that metric's delta. It was higher in 2008 than 2016 - enough said.
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#3 User is offline   RedSoloCup 

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Posted 28 January 2019 - 10:10 AM

View PostAntonToo, on 28 January 2019 - 08:28 AM, said:

Of course it didn't come from just nowhere. It came from the longest economic expansion in modern history that began in 2010.

Job growth has been "hot" since 2012, it's just that the right didn't get around to calling it that word until 2017.

And yes - if you keep having "hot" job growth unemployment will go down and at some point you will hit "record lows":

https://www.bigtrends.com/wp-content/uploads/2019/01/010419-payrollunemployment.png


I also love how the Stock Market and GDP growth dropped off as from the economic indicator radar - probably because stock market was flat in 2018 and the much promissed 4% GDP growth is nowhere in sight.

..."Small Bussiness optimism", may as well be replaced with "optimism of Republicans who happen to own a bussiness" - because that seems to be largest component in that metric's delta. It was higher in 2008 than 2016 - enough said.


:yawn:

:pissinginthewind.gif:

This post has been edited by RedSoloCup: 28 January 2019 - 10:11 AM

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#4 User is offline   Taggart Transcontinental 

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Posted 28 January 2019 - 11:02 AM

Oh come on, this is all Obama's work! He's the one that created the conditions for Trumps success. He provided the road map, simply undo everything Obama did and BLAM Instant Success, even a dumb orange man can figure this out!

Incidentally, we should have a Orange Man day, that way lefties can sit there and scream at effigies of the evil orange man, and the rest of us can walk around with a happy expression while they do it.

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#5 User is offline   NH Populist 

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Posted 28 January 2019 - 11:16 AM

View PostAntonToo, on 28 January 2019 - 08:28 AM, said:

Of course it didn't come from just nowhere. It came from the longest economic expansion in modern history that began in 2010.

Job growth has been "hot" since 2012, it's just that the right didn't get around to calling it that word until 2017.

And yes - if you keep having "hot" job growth unemployment will go down and at some point you will hit "record lows":

https://www.bigtrends.com/wp-content/uploads/2019/01/010419-payrollunemployment.png


I also love how the Stock Market and GDP growth dropped off as from the economic indicator radar - probably because stock market was flat in 2018 and the much promissed 4% GDP growth is nowhere in sight.

..."Small Bussiness optimism", may as well be replaced with "optimism of Republicans who happen to own a bussiness" - because that seems to be largest component in that metric's delta. It was higher in 2008 than 2016 - enough said.


The creation of Obamacare also created millions of people searching for a second part time job after their employers cut their hours to avoid providing the Obama Administration's mandated health insurance. If B.S. was money, the Left could actually provide all the "free" stuff they love to promise, unfortunately, all we get is free B.S.
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#6 User is offline   AntonToo 

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Posted 29 January 2019 - 06:51 AM

View PostNH Populist, on 28 January 2019 - 11:16 AM, said:

The creation of Obamacare also created millions of people searching for a second part time job after their employers cut their hours to avoid providing the Obama Administration's mandated health insurance. If B.S. was money, the Left could actually provide all the "free" stuff they love to promise, unfortunately, all we get is free B.S.


Cool story, we heard this assertion all the time from the right...but it’s been many years and we now have more than enough data to know that it’s just a counter factual BS.

There has been ZERO growth in part time jobs since 2010, all the jobs we gained were full time.

Due to many complaints about graphs, I will not post one, :)
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#7 User is offline   RedSoloCup 

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Posted 29 January 2019 - 08:10 AM

View PostAntonToo, on 29 January 2019 - 06:51 AM, said:

Cool story, we heard this assertion all the time from the right...but it’s been many years and we now have more than enough data to know that it’s just a counter factual BS.

There has been ZERO growth in part time jobs since 2010, all the jobs we gained were full time.

Due to many complaints about graphs, I will not post one, :)


:yawn:

Yes junior, it's best you don't post another one of your contrived graphs. Will make you less of a joke than you already are... :wink:

This post has been edited by RedSoloCup: 29 January 2019 - 08:10 AM

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#8 User is offline   Noclevermoniker 

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Posted 29 January 2019 - 08:44 AM

View PostAntonToo, on 28 January 2019 - 08:28 AM, said:

Of course it didn't come from just nowhere. It came from the longest economic expansion in modern history that began in 2010.

Job growth has been "hot" since 2012, it's just that the right didn't get around to calling it that word until 2017.

And yes - if you keep having "hot" job growth unemployment will go down and at some point you will hit "record lows":

https://www.bigtrends.com/wp-content/uploads/2019/01/010419-payrollunemployment.png


I also love how the Stock Market and GDP growth dropped off as from the economic indicator radar - probably because stock market was flat in 2018 and the much promissed 4% GDP growth is nowhere in sight.

..."Small Bussiness optimism", may as well be replaced with "optimism of Republicans who happen to own a bussiness" - because that seems to be largest component in that metric's delta. It was higher in 2008 than 2016 - enough said.

We're all born stupid, but you kept it up somehow.
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#9 User is offline   oki 

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Posted 29 January 2019 - 09:00 AM

View PostAntonToo, on 29 January 2019 - 06:51 AM, said:

Cool story, we heard this assertion all the time from the right...but it’s been many years and we now have more than enough data to know that it’s just a counter factual BS.

There has been ZERO growth in part time jobs since 2010, all the jobs we gained were full time.

Due to many complaints about graphs, I will not post one, :)


And I seem to remember you swearing up and down the crashing labor force participation rate was due to retirees. You know, that it would continue to decrease in the coming years. Remember that?
Or are you gonna' not answer as usual because the rate has been improving.

Since you just love charts and graphs.

https://tradingecono...ticipation-rate

Notice something there Junior?
It hasn't been decreasing under Trump like you said it would. It has essentially stabilized.
It crashed under your hero's tenure.

Oki

This post has been edited by oki: 29 January 2019 - 09:02 AM

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#10 User is offline   oki 

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Posted 29 January 2019 - 02:42 PM

View PostNoclevermoniker, on 29 January 2019 - 08:44 AM, said:

We're all born stupid, but you kept it up somehow.


Think I will get an explanation as to why the Labor Force Participation rate isn't continuing to decline like it did under Obama? After all I was told repeatedly it was going to continue to decrease due to retirees.

Oki
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#11 User is offline   AntonToo 

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Posted 29 January 2019 - 03:32 PM

View Postoki, on 29 January 2019 - 02:42 PM, said:

Think I will get an explanation as to why the Labor Force Participation rate isn't continuing to decline like it did under Obama? After all I was told repeatedly it was going to continue to decrease due to retirees.

Oki


No you will not, as you already got it. I'm not just going to keep posting and reposting same damn thing because you didn't happen to remember reading it last time around. Go search for our last discussion, read it, post something else.


LFPR has been the same since 2014 when all you righties were saying "63% LFPR IS A DISASTER!". Of course today that changed to "LFPR not falling means great economy!!!"


Besides, if you are going to quote my post you may as well ADDRESS SOMETHING IN IT instead of deflecting to your favorite LFPR hangup.

This post has been edited by AntonToo: 29 January 2019 - 03:33 PM

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#12 User is offline   oki 

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Posted 29 January 2019 - 05:15 PM

View PostAntonToo, on 29 January 2019 - 03:32 PM, said:

No you will not, as you already got it. I'm not just going to keep posting and reposting same damn thing because you didn't happen to remember reading it last time around. Go search for our last discussion, read it, post something else.


LFPR has been the same since 2014 when all you righties were saying "63% LFPR IS A DISASTER!". Of course today that changed to "LFPR not falling means great economy!!!"


Besides, if you are going to quote my post you may as well ADDRESS SOMETHING IN IT instead of deflecting to your favorite LFPR hangup.



You where the one who said time and again the falling rate was due to retirees.
AND WOULD CONTINUE TO DECREASE. So know you admit that the rate has stabilized.
Do explain. With RECORD LOW UNEMPLOYMENT how is it this possible?

Can't have it both ways. If the reason for the crashing LFPR was due to retirees then, then the rate should be continuing to decrease. The real reason for the 'low' number is a lot of people who had given up looking for work under your hero's tenure have re entered the labor force.

AGAIN, LABOR FORCE IS THE NUMBER OF PEOPLE 16-65 who are not in the military.
NOT IN A NURSING HOME OR LONG TERM CARE
NOT IN PRISON
NOT IN A HOSPITAL
NOT IN THE MILITARY

THE PARTICIPATION RATE is those of this group who are either employed or looking for a job.
When someone retires they shrink the labor force and actually boost the participation rate.

Did all those old people just stop retiring? After all, with such low unemployment numbers they could easily find jobs.

Oki
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#13 User is offline   stick 

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Posted 29 January 2019 - 05:31 PM

View PostAntonToo, on 28 January 2019 - 08:28 AM, said:

Of course it didn't come from just nowhere. It came from the longest economic expansion in modern history that began in 2010.

Job growth has been "hot" since 2012, it's just that the right didn't get around to calling it that word until 2017.

And yes - if you keep having "hot" job growth unemployment will go down and at some point you will hit "record lows":

https://www.bigtrends.com/wp-content/uploads/2019/01/010419-payrollunemployment.png


I also love how the Stock Market and GDP growth dropped off as from the economic indicator radar - probably because stock market was flat in 2018 and the much promissed 4% GDP growth is nowhere in sight.

..."Small Bussiness optimism", may as well be replaced with "optimism of Republicans who happen to own a bussiness" - because that seems to be largest component in that metric's delta. It was higher in 2008 than 2016 - enough said.


If Obama economic policy was so great, why all the QE needed to sustain it? Notice how when the propping up ended, deregulation came, and taxes were lowered as they were the economy THEN took off?

Quit fooling yourself. You’re not fooling anyone here. :no:
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#14 User is offline   RedSoloCup 

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Posted 29 January 2019 - 06:25 PM

View PostAntonToo, on 29 January 2019 - 03:32 PM, said:

No you will not, as you already got it. I'm not just going to keep posting and reposting same damn thing because you didn't happen to remember reading it last time around. Go search for our last discussion, read it, post something else.


LFPR has been the same since 2014 when all you righties were saying "63% LFPR IS A DISASTER!". Of course today that changed to "LFPR not falling means great economy!!!"


Besides, if you are going to quote my post you may as well ADDRESS SOMETHING IN IT instead of deflecting to your favorite LFPR hangup.


#LearnToCode
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#15 User is offline   oki 

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Posted 30 January 2019 - 09:22 AM

View Poststick, on 29 January 2019 - 05:31 PM, said:

If Obama economic policy was so great, why all the QE needed to sustain it? Notice how when the propping up ended, deregulation came, and taxes were lowered as they were the economy THEN took off?

Quit fooling yourself. You’re not fooling anyone here. :no:


I just want an explanation why the Labor Force isn't still decreasing under Trump like it did under Obama.
If in fact it was due to retirees LIKE ANTON SAID and was going to continue to decrease for the coming decade LIKE ANTON SAID it would, why isn't it still happening under Trump. Unless of coarse retirees weren't the cause, because LIKE I SAID they are no longer part of the labor force and if anything there departure POSITIVELY AFFECTS the Labor Force Participation Rate LIKE I SAID.

Oki
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#16 User is offline   AntonToo 

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Posted 30 January 2019 - 09:45 PM

View Poststick, on 29 January 2019 - 05:31 PM, said:

If Obama economic policy was so great, why all the QE needed to sustain it? Notice how when the propping up ended, deregulation came, and taxes were lowered as they were the economy THEN took off?

Quit fooling yourself. You’re not fooling anyone here. :no:


Can you tell me exactly which part of what you quoted you actually refuted?

No part is the correct answer, probably because you can't.


We are discusssing straight economic growth record, not drivers.
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#17 User is offline   oki 

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Posted 31 January 2019 - 09:44 AM

View PostAntonToo, on 30 January 2019 - 09:45 PM, said:

Can you tell me exactly which part of what you quoted you actually refuted?

No part is the correct answer, probably because you can't.


We are discusssing straight economic growth record, not drivers.


Gee I thought we where discussing L.F.P.R.

When your hero was president you said the reason for the continual declines was due to retirees, and it would continue to drop. And know that this drop has stopped UNDER TRUMP. You don't have the guts to explain why it hasn't continued under Trump.

#1. Because as I stated numerous times Retirees DO NOT negatively affect L.F.P.R.
#2. Trump has been a far better job creator then your hero was.

Oki
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#18 User is offline   RedSoloCup 

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Posted 31 January 2019 - 10:09 AM

View Postoki, on 31 January 2019 - 09:44 AM, said:

Gee I thought we where discussing L.F.P.R.

When your hero was president you said the reason for the continual declines was due to retirees, and it would continue to drop. And know that this drop has stopped UNDER TRUMP. You don't have the guts to explain why it hasn't continued under Trump.

#1. Because as I stated numerous times Retirees DO NOT negatively affect L.F.P.R.
#2. Trump has been a far better job creator then your hero was.

Oki


Forgive him, you are dealing with a known retard.
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#19 User is offline   oki 

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Posted 31 January 2019 - 10:54 AM

View PostRedSoloCup, on 31 January 2019 - 10:09 AM, said:

Forgive him, you are dealing with a known retard.


I have dealt with or had to deal with bonafide mentally retarded/handicapped, even they where willing to try and learn and listen to reason. Coarse I would trust many of them far more should sh$t hit the fan then I would with many of today's leftists. I digress...

Anton has a real problem on his hands. Something he claimed for years and years was the cause of the L.F.P.R. decline. And, on top of that said it would continue to decline. Well, why isn't it continuing then? Means that the crashing L.F.P.R. wasn't due to retirees in the first place(as I said and even pointed out how L.F.P.R. is calculated) and that Trump is in fact creating more jobs then did Obama.

This chart does a great job of telling the whole story.
https://www.bls.gov/...pation-rate.htm

Oki
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#20 User is offline   AntonToo 

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Posted 31 January 2019 - 02:09 PM

View Postoki, on 29 January 2019 - 05:15 PM, said:

You where the one who said time and again the falling rate was due to retirees.
AND WOULD CONTINUE TO DECREASE.


OKI get a pen and paper out and write this down, then put it in your wallet, so I won't have to re-explain this very thing again to you ever again.

LFPR - WILL CONTINUE TO DECREASE UNTILL 2040's


But it will not do so uniformly, as you seem to imagine it happening.

When the job growth is strong (as it has been since 2014) it will be flat, but as soon as economy cools off it will drop the rock.

This pattern will be exactly opposite of pre 2000's LFPR expansion, when LFPR stayed flat during recessionary times and jumped up as soon as hiring picked up again.

This post has been edited by AntonToo: 31 January 2019 - 02:09 PM

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