Historically tight labor markets, trade concerns and slowing economic growth? Not exactly Glad Tidings. Yet last month small businesses in the U.S. managed to accelerate hiring.
According to the latest employment report from the National Federation of Independent Business: “Job creation jumped in November with an average addition of 0.29 workers per firm, the highest level since May.”
As James Freeman reports in the WSJ, November’s surge far exceeded October’s increase of just 0.12 additional workers per firm.
Isn’t it nice to have an economy where the biggest headaches for proprietors of small businesses aren’t taxes or regulations, but finding enough people to service all the orders coming in the door?
Impeachment Vs. a Booming Economy
It’s no wonder that Democrats are obsessed with impeachment. With their presidential candidates looking to upend a booming economy, the last thing the Party wants is to draw attention to President Trump’s economic success.
Wonky Policies the Antithesis of a Strong Economy and Rising Wages
Good ol’ Joe Biden has talked about implementing a middle-class tax hike, by “lifting the cap on the Social Security portion of payroll tax that could include all wages above the current cap of $132,900,” reports the New York Post.
Elizabeth Warren’s half-baked proposals would add billions to the national debt and most likely require a massive tax increase on possibly every income bracket.
Bernie Sanders, like Warren, would raise about $20 trillion in new taxes over the decade to fund his proposals. But, wait, there’s more. Bernie would target the nation’s wealthiest families and force them into a “national wealth registry.”
Keep America Great
As the President likes to boast, love him or hate him, you have to vote for Donald Trump.
Charles Gasparino, a senior correspondent for Fox Business Network, offers another bright spot:
The 2020 election will decided not by woke Democrats, or even Trump’s rabid support base. It will be decided by people in the middle, who are enjoying a strong economy and rising wages brought by policies that are the antithesis of the current mainstream Democratic Party orthodoxy. They may not like Trump’s comportment, but they like jobs.
Read more here.