Economy

Stock markets have been stumbling and volatile since late January. But to hear The Washington Post tell it, that means the tax cuts failed to do what President Donald Trump said they’d do.

In recent days and weeks, President Trump has made broad and swift moves on policies ranging from immigration to tariffs to looking to pull out of Syria. All of these policy actions are popular with the President’s base, a.k.a blue collar working Americans. But during Wednesday night’s edition of Anderson Cooper 360, CNN ran a ridiculous report about what Trump was doing and who he was doing it…

KEY LARGO, Florida — At dinner with friends, I was asked what is wrong with Washington. The question presumes a standard by which "wrong" can be defined. I am frequently asked this question by people who do not live in "the swamp." They don't behave like Washington politicians. If a disagreement arises in their personal or professional life, they discuss it and usually compromise and work things…

The biggest increase of consumer spending in three years pushed fourth-quarter economic growth to 2.9 percent, beating previous estimates and expectations. But if you wanted to hear about it from your evening news program the same day, you had to speak Spanish. Spanish-language channel Univision’s evening news program, Noticiero Univision, reported the GDP update on March 28. ABC, CBS and NBC…

Even though the U.S. economy grew at a 2.9 percent pace in the final quarter of 2017, some in the liberal press have already begun to anticipate a recession — at the worst, possible time for President Donald Trump.

In a bipartisan vote on Thursday, the House passed a truly massive omnibus spending bill spanning 2,232 pages and some $1.3 TRILLION. The spending increases that the bill called for would help to jack up our already out of control $21 TRILLION national debt. But for both ABC’s World News Tonight and CBS Evening News, the bigger concern was that there was no solution for the Deferred Action for…

Following the resignation of Gary Cohn as top economic adviser, President Donald Trump selected CNBC contributor and former anchor Larry Kudlow for the spot. Many liberal media outlets raced to attack the vocal free trade proponent who was the latest prominent person to join the Trump administration. Kudlow had previously served as an informal adviser to the campaign. They attacked him over his…

The Organization for Economic Cooperation and Development (OECD) recently increased its estimates for U.S economic growth.Too bad it didn’t heighten network interest in the U.S. economy. ABC World News Tonight with David Muir, NBC Nightly News with Lester Holt and CBS Evening News said nothing about the revised forecast on March 13 or March 14.

In Friday’s New York Times, Deborah Solomon and Kitty Bennett mocked President Trump’s new chief economic adviser Larry Kudlow, the conservative economist who will be the next director of the National Economic Council. There was yet another insulting NYT headline: “A TV Commentator Becomes a Presidential Adviser: Go to the Videotape.” The online headline was more blunt: “6 of Larry Kudlow’s Not-…

The New York Times on Thursday dismissed Larry Kudlow, President Trump’s pick to head the National Economic Council (replacing Gary Cohn) in “President Picks TV Commentator as His Economic Adviser.” The conservative economist and associate director for economics and planning in President Reagan’s Office of Management and Budget was reduced to someone who Trump picked for his loyalty and Trump-…

During MSNBC’s 11:00 a.m. ET hour, co-anchor Stephanie Ruhle made a point of mocking President Trump’s newly-named economic advisor and longtime CNBC analyst Larry Kudlow for expressing trust in “God’s will” as he began his new White House role.

The Nasdaq Composite, a tech-heavy index of 5,000 stocks, set new record highs again on March 9 and 12. Citing that and a host of other economic factors, market expert Marc Chandler described the current state of the economy as a “Goldilocks moment.”

There are a couple of important economic lessons that the American people should learn. I'm going to title one "the seen and unseen" and the other "narrow well-defined large benefits versus widely dispersed small costs." These lessons are applicable to a wide range of government behavior, but let's look at just two examples.

February job gains came in at a whopping 313,000 new jobs, so much that NBC Nightly News anchor Lester Holt acknowledged it “blows away economists’ expectations.” The Wall Street Journal said expectations were at only 205,000. Unemployment also remained at the 17-year-low of 4.1 percent. But only one of the big three networks gave the good news any serious attention.