Sarah Huckabee Sanders has an interestingly difficult job; specifically, she works for a knothead. This morning, NPR reported that President Trump said, “Business spirit is the highest it's ever been, according to polls.” He continued, “If you look at the polls, (it’s) the highest it's ever been in the history of these polls.”
President Trump and his “Alternative Facts”
Since the poll for “business spirit” is an Alternative Fact, it’s clear that the president is yet again, riffing…
According to Politfact, they reached out to the beleaguered press secretary (Office bets at the Capitalist have her gone by Labor Day, you in?), for names and or organizations that conduct such polls, since in typical Cheeto Jesus fashion, he still doesn’t attend briefings and still guesses where national policy is concerned via twitter.
“Blaming the president for the economy is like blaming Ronald McDonald when you get a bad cheeseburger; neither of them run the country.” – Bobcat Goldthwait
See that? How many Police Academy references are you going to hear in business pages this week? Ha!
But seriously, let’s look at what Trump’s advisors are dying to tell him, if he’d only go to briefings.
- Any economic recovery is still being enjoyed (if you can call it that) under the Obama plan, in effect until October of 2017. Even then, only .01% truly benefitted from the “recovery.” Wages are stagnant, unions have been all but gutted and taxes on the middle class and small business are increasing. The temporary Bush Tax Cuts Obama made permanent (only for the wealthy and still, he was going to cut Medicare and Social Security to do it, until the GOP blocked him) have no real effect except on freeing up more cash to hire workers, hence low unemployment numbers. No one on the left likes to get into what sectors those jobs are increasing in…
- The Business Roundtable, a group of corporate CEOs, has released a CEO Economic Outlook Survey on a quarterly basis since the fourth quarter of 2002. The survey is “designed to provide a picture of the future direction of the U.S. economy by asking CEOs to report their company’s sales expectations and plans for Capex (Capital Expenditure) spending and hiring in the next six months,” according to the group. Their index is showing a high at 93.9. However, it’s been higher in the last 16 quarters (roughly 29%) of the quarters since the survey began. Still, not, “The highest it’s ever been,” according to Trump.
- The Institute for Supply Management surveys purchasing executives at some 300 companies on a monthly basis. June of this year has shown 57.8, which was up 2.9 points since May. However, you don’t have to look too far in the past for a number higher than June’s; in August 2014, the measurement registered 57.9 percent. Neener, neener…
Here's a video from PRESIDENT DONALD TRUMP NEWS & LIVE SPEECH 2017 about American Jobs:
So that’s the short version for now. Keep your eye on the credit grabbing done by this administration. Let’s face it; they’re all full of it, it’s just the last three guys were so much better at it…
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