Also, disposable income is up by 3% in first quarter, and unemployment is the lowest 50 years at 3.8%. This is despite a partial government 'shutdown,' a rash of extremely cold weather, and tariff wars against foreign imports.
More good news against the din of derangement from Petr Svab at the Epoch Times: "“The increase in real GDP in the first quarter reflected positive contributions from personal consumption expenditures, private inventory investment, exports, state and local government spending, and nonresidential fixed investment,” stated the Bureau of Economic Analysis (BEA), in an April 26 release accompanying the release of the advanced GDP growth estimate.
Imports, which lower GDP in the BEA analysis, decreased. Some major downward pressure on the GDP was the decrease in residential investment.
“Supply-side tax cut, deregulation, opening the energy sector, pro-growth trade reform, that’s improving the supply side, the production, and the investment side of the economy,” Kudlow said.
Over the past four quarters, the economy grew on average by 3.25 percent, a number only beat twice since 2006."
Tell me again why Orange Man Bad?
