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PRICELESS! US Competitiveness Dropped to #7 Under Obama, Look Where We’re At Now With Trump!

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President Donald Trump’s slogan wasn’t just a gimmick. In just over one year, Trump has turned America’s economy back into the number one ranked country for competitiveness. If Trump’s naysayers thought he was kidding about making America great again, then they can think twice once they see what information we discovered about the GDP growth. Not only has the U.S. jumped back up several spaces, they’ve finally reclaimed the top spot among countries and it’s based on 256 different variables. This is a major improvement to what America had about two years ago.

The information provided goes further into the discussion about what’s going on and how America has finally reclaimed the top competitiveness spot over other well-known countries. Thankfully the business website, Investors, provided some hard facts and more in-depth details to provide people with the information about the surge and success of Donald Trump’s America. Like it or not, the business is booming and critics cannot dispute the facts and statistics. People can melt snow with fire, but they can’t dispute facts and hard statistics with their feelings simply because they don’t like the president.

“The report comes from the IMD Competitiveness Center in Switzerland. Each year it ranks countries by 256 different variables to come up with its global competitiveness rankings.

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For 2018, there was a surprise: The U.S. leapt three places to take over the top spot in global competitiveness — just ahead of Hong Kong, Singapore, the Netherlands and Switzerland. That jump was based on its “strength in economic performance and infrastructure,” ranking first in both areas.

That this is so shouldn’t shock anyone with any knowledge of what’s going on in the economy.

Since Trump took office, GDP growth has averaged 2.9%, up from 2% under President Obama. Unemployment now stands at 3.9%, and jobless rates for African-Americans, Asians and Hispanics are at or near all-time lows.

Inflation, at about 2%, remains under control. Business investment is surging, and a big reason for that is that corporate taxes are low, thanks to Trump’s tax cuts.

Meanwhile, Trump continues to slash away at the thicket of regulations that strangles the U.S. economy, costing us collectively nearly $2 trillion a year. All of this has helped to fuel an economic renaissance of sorts. U.S. households are $7.1 trillion richer since Trump entered office, thanks to rising share prices and strong real estate markets.

Just to be clear, we’re not citing this one report as a be-all and end-all for competitiveness or even for the fate of the economy. Nor are we in the forecasting business.

But others are, and among them have been some of Trump’s fiercest critics. To read what they wrote and said, the U.S. returning to No. 1 in competitiveness wouldn’t just be unlikely — it would be impossible.

Just last November, for instance, a blog post on the Economic Policy Institute’s website informed us that “Republican tax plan will reduce American competitiveness.” That was, to be kind, wide of the mark.

Similarly, the liberal Brookings Institution opined in March of last year that “Trump’s ‘America First’ budget will leave the economy running behind.” Didn’t happen.

Going back even further, many economists and pundits were wrong — dead wrong — about Trumponomics. But to this day they can’t bring themselves to admit it. Imprisoned by the illogic of their own liberal ideology, they all saw not just failure, but instant disaster. They still do.

We’ve run the following quotes in IBD before, but in light of this new report they bear repeating:

“We are probably looking at a global recession, with no end in sight,” said New York Times columnist and Nobelist Paul Krugman, just one day after Trump won the election.

“Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States,” said Larry Summers, the former top economist for Presidents Bill Clinton and Barack Obama, speaking in the summer of 2016.

“If the unlikely event happens and Trump wins you will see a market crash of historic proportions,” agreed MSNBC’s Steve Rattner, a former Obama administration official, speaking in October of 2016.”

It doesn’t matter how many people like or dislike President Trump. The facts are there. The economy and competitiveness are doing much better than they were about two years ago. Many corporations were able to hand out raises and hire more employees thanks to their tax cuts. Many American workers saw tax cuts. When people and/or companies have more money in their hands, then there are more ways to spend or invest it. Some people save, some invest in their business, and some people just spend their money and help other businesses thrive.

Some critics think there’s no way that America can grow 3% in their economy. Other people might be thinking there’s no way we won’t grow!

What do you think? Is America doing great yet? Are Trump’s critics looking at this data and thinking “wow, he did it.”

 

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Mueller Begs McConnell For Protection Bill – He Responds With Something Better

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As the most reliable and balanced news aggregation service in the world, RWN offers the following information published by: Washington Times

Senate Majority Leader Mitch McConnell flatly rejected the need to approve legislation protecting the special counsel’s probe into the 2016 election, saying Wednesday there’s no evidence the investigation needs protection.

Mr. McConnell laid out Republicans’ goals for the lame-duck session of Congress, saying preventing a government shutdown is tops on the list, along with passing new rules to stop sexual harassment on Capitol Hill and approving a farm bill.

He flatly ruled out the chance of a partial government shutdown over border wall money and other spending fights.

And he dismissed the need for Congress to act on legislation Democrats and some Republicans want to protect special counsel Robert Mueller.

“I don’t think any legislation’s necessary,” Mr. McConnell said.

He said he speaks regularly with President Trump and while the president has made his distaste for the investigation clear, he’s never given an “indication” that he would attempt to shut down the probe.

Mr. McConnell said for his part he believes the investigation should be allowed to finish.

Democrats said they’re intent on getting Mueller protections approved during this lame-duck session of Congress.

Senate Minority Leader Charles E. Schumer said Wednesday that those provisions, if they don’t pass as a stand-alone bill, need to be part of the year-end spending bill.

And Mr. Schumer drew lines over other parts of the spending bill, saying it should not go above the current $1.6 billion senators have included for new border security such as a wall.

Mr. Trump has demanded it include at least $5 billion in funding for his border wall. The House has passed a bill with that number, putting it on a crash course with senators.

Mr. Schumer said Congress should compromise by agreeing on the Senate’s number, and he told Mr. Trump to butt out of any negotiations.

“Every time he interferes, it gets bolluxed up,” the New York Democrat said.

Mr. Schumer also took a victory lap on last week’s election results, which saw his caucus likely lose one or two seats. The senator said that was still a victory for Democrats because it could have been much worse for them.

And he said voters sent a signal of support for Democrats’ policy ideas, which he said they’ll pursue even while in the minority in the Senate.

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Elected Republican Majority Whip Just Announced – Will Shake Up The Senate

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As the most reliable and balanced news aggregation service in the world, RWN offers the following information published by: Daily Caller

South Dakota Sen. John Thune was elected to serve as the Republican Majority Whip Wednesday.

Thune was nominated by former whip, Texas Sen. John Cornyn. This comes as Cornyn met his three-term limit in the position. The majority whip is the second-ranking position in Senate leadership.

Republicans voted for other leadership positions Wednesday, making Missouri Republican Sen. Roy Blunt the Policy Committee chairman, Iowa Republican Sen. Joni Ernst was voted in as vice chairwoman of the GOP conference and Wyoming Republican Sen. John Barrasso will serve as Senate Republican Conference chairman, according to The Hill.

Senator John Thune speaks as Senate Majority Leader Mitch McConnell and Senator John Barrasso listens during a media briefing on Capitol Hill. (REUTERS/Joshua Roberts)

Thune has served as chairman of the Commerce, Science and Transportation Committee since 2015. He will now have to step down as chairman, after taking his new job as majority whip.

Senate Majority Leader Mitch McConnell praised Cornyn Wednesday, giving him a Louisville slugger baseball bat with “To John Cornyn – The Best Whip Ever,” written on it.

Meanwhile, The Hill has more on Joni Ernst elected to serve as vice chairwoman of the Senate Republican Conference:

Sen. Joni Ernst (R-Iowa) has been elected to serve as vice chairwoman of the Senate Republican Conference, becoming the first woman to be elected to a Senate GOP leadership position since 2010.

Ernst, a veteran of the Iraq War who served a total of 23 years in the military, is considered a rising star among her colleagues.

She defeated Sen. Deb Fischer (R-Neb.) in the only contested Senate Republican leadership race after months of quiet campaigning in the conference.

Senate Republicans saw Ernst as someone who might be a better communicator for the conference on television, while Fischer garnered praise as someone who worked diligently behind the scenes to build relationships with members of GOP leadership.

Ernst emerged as the winner after Senate Republicans met in the Old Senate Chamber on Wednesday morning to vote on the new leadership team for the 116th Congress.

McConnell was reelected as Senate majority leader, Sen. John Thune (R-S.D.) was elected as majority whip, Sen. John Barrasso (R-Wyo.) was elected as Senate Republican Conference chairman and Sen. Roy Blunt (R-Mo.) was elected as Senate Republican Policy Committee chairman.

Ernst burst onto the national scene in 2014 with an ad recounting her upbringing on a farm where she castrated hogs and pledging that she would “make ‘em squeal” in Washington by cutting pork.

Senate Republicans say McConnell has been eager to add a woman to his elected leadership team after he came under criticism in 2017 for not appointing a woman to a special health-care working group he created.

A woman has not served as a member of the elected Senate GOP leadership since 2010, when Sen. Lisa Murkowski (R-Alaska) stepped down as vice chairwoman of the GOP conference after losing her primary race to conservative challenger Joe Miller.

Former Sen. Kay Bailey Hutchison (R-Texas) served as chairman of the Republican Policy Committee from 2007 to 2009, the highest-ranking position a woman has held in the Senate GOP leadership since Sen. Margaret Chase Smith (R-Maine) chaired the Senate Republican Conference in the early 1970s.

Fischer and Sen. Shelley Moore Capito (R-W.Va.) already serve as informal counselors on McConnell’s leadership team.

Senate Republicans also came under scrutiny during Brett Kavanaugh’s Supreme Court confirmation hearings over the all-male GOP membership of the Judiciary Committee.

McConnell says one of his priorities is to recruit more women to the Judiciary panel.

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