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January 29, 2018

Dallas Fed: We Might Not Like Trump, But We Have to Admit His Policies Are Working


I like how the Dallas Federal Reserve feels obligated -- and permitted -- to preface its positive assessment of the objective economic facts with a disclaimer that "We don't like Trump."

Following missed expectations at the Philly Fed, Richmond Fed, Empire Fed, and PMIs; The Dallas Fed manufacturing survey smashed expectations - soaring to 33.4, the highest since Nov 2005.

Which caused the Dallas fed to say:

We may not like the way things are communicated and the division in the country, but the policies are improving conditions for the workers and employers. We will be putting our tax savings and costs savings from a reduced regulatory environment back into expanding the business and hiring more people. The U.S. is more competitive internationally, but it’s still far from ideal. We increased salaries and bonuses as a way to retain top talent and hire more quality people. I hope we keep reducing burdensome regulations and start reducing waste, debt, corruption, ineffective programs and the overall size of the government.

Since AllahPundit is obsessing about why Christians (who he harbors obvious contempt towards) are giving Trump the same pass on infidelity that the nation gave to Clinton, maybe he could examine the reasons Clinton got a pass (a booming economy) and use his super-smart blogger analysis to probe a possible connection between an economy performing well and a population's willingness to extend a lenient standard of judgment to a president.

Also, he might consider the possibility that when a population feels as if it's under siege (primarily because it is under siege), they will tend to be supportive of their few prominent defenders. It's a thing called hierarchy of needs -- hard needs like survival come first, soft needs like self-actualization (including having opinions and preferences on third- and fourth-order concerns like virtue-signaling) come last.

As a friend of mine observed: starving people don't virtue signal. They don't have the time or energy for such trivial posturing.

Or naah. Maybe it'd be a good week for a bunch of Atheists Are Better headline items.

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posted by Ace at 05:25 PM

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