Inflation at 2.5% and trending down. Likely GDP growth at 4% and trending up. Unemployment below 5% and trending down. That used to be called a Goldilocks economy. But Trump is going to give us the Fairygodfather economy. I am expecting all the numbers to continue to move in the right direction. There will be a lot of handwringing about an overheating economy. Because I expect GDP growth to approach double digits. Maybe even achieve it. But, unlike the left claims, growth does not cause inflation. Money for nothing causes inflation. Kicking out the illegals, kicking Americans off of welfare programs, Americans moving from hand outs to solid employment and wiping out nearly all the government grants will keep inflation very low. Unemployment will decline, including long term unemployment. Buckle up.
When I started my career in large industrial equipment, we used to rely on the Pennsylvania foundries for EVERYTHING. Our purchasing managers used to visit them often to negotiate future blanket orders, sometimes years in advance.
That all changed after Bill Clinton signed China onto the WTO agreement.
Suddenly we started getting customer demands that the castings and forgings were NOT of China or India origin. Customers already knew China products sucked and were unreliable. As the plants in Penn slowly closed, we were left struggling with Mexico and Brazil quality and looooong deliveries.
Inflation at 2.5% and trending down. Likely GDP growth at 4% and trending up. Unemployment below 5% and trending down. That used to be called a Goldilocks economy. But Trump is going to give us the Fairygodfather economy. I am expecting all the numbers to continue to move in the right direction. There will be a lot of handwringing about an overheating economy. Because I expect GDP growth to approach double digits. Maybe even achieve it. But, unlike the left claims, growth does not cause inflation. Money for nothing causes inflation. Kicking out the illegals, kicking Americans off of welfare programs, Americans moving from hand outs to solid employment and wiping out nearly all the government grants will keep inflation very low. Unemployment will decline, including long term unemployment. Buckle up.
You catch the part:
"President Trump left office with inflation at 1.7%.
I loved that. Routinely letting the Anons know that Plan A is on track, keep the faith.
The number 1 and 2 employers in Pennsylvania are: 1 - Federal government 2 - State government
Our state used to make stuff. We still farm, so there's that..
When I started my career in large industrial equipment, we used to rely on the Pennsylvania foundries for EVERYTHING. Our purchasing managers used to visit them often to negotiate future blanket orders, sometimes years in advance.
That all changed after Bill Clinton signed China onto the WTO agreement.
Suddenly we started getting customer demands that the castings and forgings were NOT of China or India origin. Customers already knew China products sucked and were unreliable. As the plants in Penn slowly closed, we were left struggling with Mexico and Brazil quality and looooong deliveries.