Six on "our" Economy: The new gilded age: Income inequality in the U.S. by state, metropolitan area, and county; New Zealand
philip panaritis
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"By adding fuel to an economy that already was at full employment, Trump has contributed to the situation he is criticizing. Last year, the Republican-controlled Congress cut corporate and individual taxes by $1.3 trillion, providing a boost for an economic expansion that was in its ninth year.
With the unemployment rate at 4 percent and jobless claims at their lowest level since 1969, the Fed risks falling behind the pace of interest rates increased needed to prevent runaway inflation, some economists say.
“He’s contributed to an incredible challenge for the Fed. He’s the one who’s done this — caused the Fed to continue raising rates and go further than they otherwise would,” [buried in paragraph 324, when it coulda been the lead!] "said Laurence Meyer, a former member of the Fed’s board of governors."
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"A jobs boom has driven unemployment to record lows and bolstered the president’s pro-worker agenda, but tariff wars and a likely Federal Reserve interest rate hike are darkening the horizon for the Trump economy.
President Trump’s rollback of federal regulations and enactment of the biggest tax cuts in U.S. history ignited the economy. More Americans are working, wages ticked up and gross domestic product is headed toward an eye-popping 4 percent annual rate in the second quarter, according to some estimates.
It is one of the brightest spots so far for the Trump presidency and has confounded critics of his tax cuts and economic agenda.
Mr. Trump called it an “economic miracle.”
“We’re in the longest positive job growth streak in American history,” Mr. Trump declared at a White House event Thursday to spur training, apprenticeships and vocational education needed for an evolving workforce."
"In some cases, sellers got market-value price from government while continuing to live beside the land, keeping access to property that would have been hard to otherwise develop."
https://projects.newsday.com/investigations/suozzi-land-preservation-deals/
