Evidence of Democrat refusal to accept and respect the wishes of the public majority can be seen farther along in today’s entry. But first, here are several examples of what their stubbornness is up against.
It was mentioned here yesterday that according to a new Rasmussen Report survey: 74% of adults rate life as good or excellent. That’s the highest level of satisfaction ever recorded by Rasmussen.
“Only 5% of Americans in this survey rate their life as poor.
And now, today Fred Imbert reports @cnbc.com that: “The S&P 500 rose 0.4 percent to hit a record high, with financials, materials and energy rising more than 1 percent to lead advancers. The Dow Jones industrial average rose 123 points.
“Caterpillar and McDonald's contributing the most gains.
"This is what the market needs to hear from industrial names coming in strong," said Quincy Krosby, chief market strategist at Prudential Financial. "This is the earnings week."
"The majority of companies that have reported have beaten" the Street, said Nick Raich, CEO of The Earnings Scout. "If there is a negative in these numbers, and this was expected, is that the earnings growth rate has declined from the first quarter."
Wall Street also expects the Fed to keep interest rates unchanged at its meetings this week, while major metro area home prices rose 5.7 percent in May, according to the S&P CoreLogic Case-Shiller home price index.
The vast improvement in the nations economy is further seen in an article by Scott Lanman this morning @bloomberg.com/news, titled: “Pickup in Confidence Shows Americans Upbeat on Jobs, Economy”
“A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.
“Overall, consumers foresee the current economic expansion continuing well into the second half of this year,” Lynn Franco, director of economic indicators at the Conference Board, said in a statement.
- Share of respondents citing “good” business conditions rose to the highest level since early 2001; the proportion expecting them to improve over the next six months also increased
- Labor differential, measuring share of those saying jobs are plentiful minus the share saying they’re hard to get, widened to 16.1 percentage points, the most since August 2001
- Consumers were modestly less upbeat about income prospects than in previous month
- Buying plans up for autos and homes, down for major appliances
“The Democratic Party’s top leaders talked about reviving Teddy Roosevelt’s fights against big corporations, mimicked Bernie Sanders’ calls for a massive minimum wage hike, and echoed Franklin Roosevelt’s promise to deliver a “New Deal” to the American public.
“It was the kind of message the party’s liberal wing has waited years to hear.
“For a long time the Democratic Party has been pretty timid about the role of government,” said Tamara Draut, a vice president of policy and research at the liberal think tank Demos. “It’s a good thing to see them leaning in to it.”
Chuck Schumer then offered an opinion one really has to think about. Because it seems as if he doesn’t really know what nation he lives in or has even an iota of knowledge of how that nation is supposed to function.
Schumer said: “When you lose elections, as we did in 2014 and 2016, you don’t flinch, you don’t blink. You look in the mirror and ask what did we do wrong? The number one thing we did wrong was not to present a strong, bold economic agenda to working Americans so they’re hope for the future might return.”
Schumer’s language proved cause for Roarty to note that it “was reminiscent of a revolutionary-minded activist.”
“Old-fashioned capitalism has broken down, to the detriment of the consumer,” the Democratic Senate leader said. (The term “Better Deal” is an homage to President Franklin Roosevelt’s New Deal economic program from the 1930s, which many liberals still view as the foundation for the party’s economic agenda.)
“Progressive leaders also approved of the substance of agenda. That wasn’t surprising, given that many of the proposals in the “Better Deal” agenda were tailor-made to please a liberal audience, including raising the minimum wage to the $15-an-hour mark Bernie Sanders advocated for during last year’s presidential election.
“It also calls for allowing Medicare to negotiate drug prices, reshaping trade deals, and creating a new government position to enforce anti-trust laws.”
While the economy-stifling objectives are obvious in Schumer’s verbiage, Liz Peek wrote an excellent rejoinder @FoxNews.com this morning.
“If you don’t succeed at first, fail and fail again. Democratic congressional leaders who seem to be pursuing that strategy trotted out a series of failed solutions Monday to problems that only worsened under the Obama administration. They mislabeled their absurd plan “A Better Deal.”
“If truth-in-labeling laws applied to political slogans, the Democrats would have to rename their new game plan “An Awful Deal.”
“Senate Minority Leader Chuck Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) were joined by other top Democrats at a news conference in tiny Berryville, Va., in a laughable effort to show that big-city Democrats really and truly care about ordinary Americans and not just far-left elites.
“But instead of coming up with effective and workable policies, the mislabeled Better Deal is the same old collection of anti-business, anti-growth, anti-job policies that guided the Obama White House and that resulted in eight years of sluggish economic growth and stagnant family incomes.
“Obama’s anti-business posture, echoed in the Democrats’ new platform, hurt the country and hurt job creation. How can Democrats deny it, when even the prospect of lower corporate taxes and lighter regulation under President Trump caused the World Bank to raise its growth expectations for the United States. Why do they think the stock market keeps hitting new highs?”
While the level of understanding Ms Peek shows regarding the nation’s economy is outstanding on its own, she also included an observation from JPMorgan Chase CEO Jamie Dimon who applied his world-renown banking knowledge to explain: “the absurdity of the anti-business jihad that so many Democrats embrace when he spoke on an earnings conference call earlier this month. Dimon said he had recently visited France, Argentina, Israel and Ireland, and spoken with the prime ministers of India and China. “It's amazing to me that every single one of these countries understands that practical policies that promote business and growth is good for the average citizens of this countries, for jobs and wages, and that somehow, this great American free enterprise system, we no longer get it," Dimon said.
However, not to find fault with Dimon’s conclusion because he certainly is a most-qualified observer. Nonetheless, Trump voters surely got his message, which is why he’s now in office and the nation’s economy is rapidly turning for the better.
That’s it for today folks.
Adios
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