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US is World's Most Competitive Economy for First Time in a Decade (wsj.com)
schwit1 shares a report: The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum [Editor's note: the link may be paywalled; alternative source], which said the country could still do better on social issues. America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries' scores rose from 2017, with the U.S. notching the second-biggest gain after Japan's. [...] The Global Competitiveness Report this year assessed 140 countries on 98 indicators that measure business investment and productivity. The indicators are organized into 12 main drivers of productivity including the nations' institutions, tech savvy, infrastructure, education systems, market size and innovation.
That's whats up!
Also with the State of California (The Top State Economy in the US) carrying most of the country.
The United States is the 3rd most populated country and the 3rd/4th (Depending on how you measure it, and disputed border areas) largest in area country. We really shouldn't just be edging past these countries, we should be near dominate. The only other country with the resources to beat the US Economy would be China, Who is about the same size as the US in area however has a massive population.
For the most part political leanings have no effect on the economy (Unless you are stupid enough to start a trade war). If you have a tax cut then business have more money to spend, if you have higher taxes used towards infrastructure, then business need to pay less for services and repairs. Jobs will shift from the private to public sector and back.
Now the Federal Reserve which is mostly not political has some control on the economy, but still what it can do is limited.
The biggest factor on the economy is if there are customers. If you have people paying you then you are doing better. So you need to make sure you produce enough for your customers to pay you, otherwise you will not have things to sell.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
This seems relevant:
https://www.tni.org/en/publication/who-does-the-world-economic-forum-really-represent
If we enter a recession within the next 2 or 6 years, and especially if Obama-era stimulus isn't feasible due to already low interest rates and increased debt & deficits, will you assign any of the blame to Trump?
I'm guessing it'll all be democrats fault, even if they control only the house and can't pass legislation. Even if Republicans manage to hold onto the house and senate next month, will you somehow still try to assign the blame for any downturn to wild conspiracy theories involving Hillary Clinton?
If this current ~3% annual growth, which began back in mid-2009 during Obama's first term, continues with interruption for 6 more years, then Trump will indeed deserve substantial credit, regardless of how distasteful his personality and how childish his Twitter rants may be.
But at this moment, when the USA is most able to pay down its massive accumulated debt and put itself on a financially sound course, Trump and republicans (who repeatedly called for a balanced budget when democrats held power) are racking up huge deficits that are just piling on more debt. They're deregulating the financial sector, which has allowed massive buildup of consumer and student debt. Massive consumer debt, overly leveraged by the deregulated financial "industry" is what caused the great recession 10 years ago (near the end of Bush's tenure). Collectively we all should have learned a lesson, but sadly it seems we didn't.
PJRC: Electronic Projects, 8051 Microcontroller Tools
I know the GOP Russians Trolls don't like research. But here is some data anyways
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
Unemployment, which has continued the same trend without an inflection point since recovery started before Trump, is all there is to talk about. All those corporate tax savings benefited the wealthy. Mostly used for stock buybacks. Wages are flat. There was no cut in government spending, so Trump's giveaway to the already-wealthy resulted in a large increase in deficit, expected to top $1 trillion next year. Meanwhile, tariffs are hurting many sectors significantly, as well as the poor and middle class, who are hurt by the price increases. The bailout to farmers hurt by the tariffs wasn't nearly sufficient by their own account. The trade war is only going to get worse. Manufacturing still isn't coming back.
But yeah, keep harping on the unemployment figure, because that's what most important. And to still think Trump has any business savvy whatsoever, after he underperformed the market, lied about being self-made, got bailed out by his father countless times... ugh, the delusion.
Indeed... 779 billion dollars deficit for the first year of the Trump administration.
That's between tax breaks for the rich and spending even more on "defense".
Guess who's going to have to pay that back? I'll bet it won't be Trump's rich friends.
If this current ~3% annual growth, which began back in mid-2009 during Obama's first term
It did? I don't see a single year that reached 3% since 2005.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Wage growth is up.
Unemployment bottomed out at 5% for the last year of the Obama Administration, then plunged after the election.
GDP was plunging during 2015/2016 and has since turned around.
The DJIA plateaued during 2015 and 2016 and exploded after the election.
NASDAQ followed the same trend as the DJIA, indicating the flat-line in growth was economy-wide, not just specific sectors
Manufacturing job growth is at a 23 year high
Basically you're making stuff up - the facts do not support your positions.
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Remarkably little? As a Canadian I'm a little miffed at that, as Trump has taken away a massive amount of our foreign investment with his reduction of taxes and regulations. To be fair, he's had Trudeau on our side increasing taxes and regulations which has exacerbated Trump's successes, but the data is quite clear. (Examples here and here).
You might think these are just economist talking points but they have significant effect on economic growth and quality of life for each country, and Trump is clearly winning here.