Trumpism: Good Job Growth, Wages Steady in February
President Donald Trump is already working hard to create jobs, and his deregulation efforts will pay off even more, former House Speaker Newt Gingrich said Friday.
Case in point: Good job growth in the United States grew more than expected in February, as wages increased steadily.
“He will need to pass tax reform, which will really accelerate economic growth,” Me. Gingrich said in a TV interview. “He is going to be very frugal about how the government buys things, [and] that will bring down the deficit. That will further help economic growth.
“So, I think you’re seeing the beginnings, I emphasize beginnings, of a potential Trump economic era, that could involve great consumer confidence, lots of people starting new businesses and a real boom in American job creation”
Mr. Gingrich also said Friday he is happy to see how President Trump and Vice President Mike Pence are standing behind the American Health Care Act and trying to get everyone behind the measure, especially conservatives who are reluctant to vote for the measure.
“They both said look, this is a good basic start,” said Mr. Gingrich. “They both said they’re willing to negotiate. They’re doing exactly what Donald Trump does. Remember, his book was called, ‘The Art of the Deal,’ not the ‘Art of the Unilateral Decision,’ and that’s the way it should be.
“The legislative process, this is what Obamacare did not do. They didn’t go through amendments and hearings and association.”
Senate Majority Leader Mitch McConnell is facing a difficult job because of the nature of Senate rules and his narrow majority lead.
“I think their job has to be to see what gets a majority in the House, then see what gets passage in the Senate, and then probably go to conference and see if you can work out,” said Mr. Gingrich.
“It is very hard if you’re the guys who wrote the bill,” said Gingrich. “No committee chairman wants to go through this process. All committee chairman would like to write their bill, pass it on their terms, preferably quickly, so they can go back to being chairman but that is really not what is going to happen here, nor should it be.”
Have a terrific weekend.
Latest posts by Paul Ebeling (see all)
- F1: Ferrari’s (NYSE:RACE) Binotto is “happy” that Lewis Hamilton is Available for 2021 - December 10, 2019
- Fed May Launch QE-4 Before Year-End to Ease Market Stress - December 10, 2019
- BPA in People’s Bodies is Much Higher than Thought, Steer Clear of Food Products in Plastic Containers - December 10, 2019