Sunday, December 31, 2017

Wishes for a prosperous 2018

The single biggest story from 2017 that nobody is talking abut is that economic growth has doubled - from 2 percent a year to 4.  18 months ago people said that Trump was crazy to talk about getting growth to 5 percent - now it's fair to ask whether 6 percent or more is possible.

This will have a big impact on working people.  Higher growth means expanding businesses, which will mean more jobs.  More jobs means higher hourly wages.  Higher wages means higher standard of living.

If this happens, it will be the first time this has happened in 40 years for the working classes in this Republic.

If that happens, then Trump will walk to re-election in 2020.  And if you - like me - believe that the working classes have been screwed by the Ivy-League "elite" that entire 40 years, then this will be a well-needed readjustment.

I have a post for tomorrow about why the economy has shifted into high gear.  It doesn't have anything to do with the tax cut (although when that kicks in, we might see 5 percent growth), but this is the first New Year's celebration in a long time for millions of people in this country.

On a personal note, the Queen Of The World and I are tired of surgical procedures - between us, we've had one every other month or so all year.  We won't look with regret on the departure of 2017, but with hope for a better 2018.  May your new year be equally hopeful.

4 comments:

waepnedmann said...

Amen to the surgical procedures.

burt said...

May 2018 be the year of health, humor, wisdom, and the enjoyment of life for all.

OldAFSarge said...

Happy New Year to you and yours BP!

SiGraybeard said...

Happy New Year, Borepatch.

A couple of times, including during the campaign IIRC, Trump specifically said a goal is to try to raise middle class wages. He talked about their stagnation since the 70s and how he was going to do something about it. Of course, no media reported about that - not that I saw.

I’m sure you’ve seen Yellen and other Fed leaders talking about “rising wages” as though it’s the worst, most disastrous thing imaginable.

Suppressing middle class wages is a deliberate policy of the “Ivy league Elites” you talk about.