- Sep 2018
- Atlanta area
Last Dec. 22, President Trump signed the tax reform bill — you know, the one that all Democrats loudly decried (but only a few decry now) as the “tax scam.” That bill came on top of several major deregulatory measures during Trump’s first year.
On Friday, we saw the results for the second quarter since the “tax scam” went into effect. And guess what? Its unexpectedly strong 3.5 percent annualized growth is a strong follow-up to the 4.1 percent growth in the second quarter of the year. Together, that makes for the best two-quarter stretch since 2014.
Inflation is down to a 1.6 percent annual rate. Consumer spending is up by 4 percent. Unemployment is down — especially black and Hispanic unemployment — and nearly 4 million new jobs have been created since January 2017. Real wages have risen in each of the last five months in a row.