MAGAnomics – Consumer Confidence Increases to Highest Level Since 2004…

Prior to the 2016 election (Oct ’16) consumer confidence measured by the University of Michigan was indexed at 87.2  Today that same confidence rating is 101.1  A stunning 15.9% increase.  Similarly, consumer expectations were indexing 76.8 in October 2016 and now stand at 91.3, an increase of 18.9%.

(Data)

Consumer confidence is at the highest level since 2004 and Americans have the brightest outlook for their economic future in decades.  The MAGAnomic data is clear. Yet even those who assemble the data interpret MAGAnomics with some false assumptions.

Nonetheless, consumers anticipate low unemployment, low inflation, small increases in interest rates, and most importantly, modest income gains in the year ahead. [True]

It is this acceptance of lackluster growth rates in personal income and in the overall economy that signifies that consumers have accepted, however reluctantly, limits on the pace of improving prospects for living standards.  [False interpretation]

With lowered costs associated with highly-consumable, albeit non Fed measured products (fuel, food, energy), average living standards actually increase.  It is a false interpretation of data to say consumer confidence/expectations are at the highest levels in fifteen years, and simultaneously say people have resigned themselves to stagnant living standards.

President Trump’s MAGAnomic Main Street policy initiatives surround a very basic set of principles. To add wealth to the middle class you: A.) increase wages, and B.) lower the cost of living.

Increasing wages is the long-term economic outcome from America-First business and corporate manufacturing policies (Secretary Wilbur Ross), in combination with fiscal policies (Secretary Mnuchin). Subsequently, within his economic agenda, President Trump visibly engages an extraordinary amount of effort on both Commerce and Treasury.

However, there’s a part of the plan for reestablishing middle-class wealth that also comes from lowering the cost of living (high consumables). That’s where EPA Administrator Scott Pruitt intersects with Ross and Mnuchin as Pruitt works to lower energy costs.

Lowering energy costs has an exponential benefit to the overall economy. Not only does it drive down the cost of domestic highly consumable products, but it also cements the building blocks of the manufacturing and production sector. Lower energy costs offset higher wages on products manufactured for export and helps keep the U.S. competitive.

American businesses, American workers, and American consumers have a good sense for how this works.  More importantly we can actually feel it in our week-to-week and month-to-month expenditures.   The current economic environment is good; the outlook for the future economic environment is even better…

[Via Business Insider]  US consumers haven’t been this optimistic about the economy since the start of 2004, according to a survey conducted by the University of Michigan. 

The consumer-sentiment index registered a preliminary October reading of 101.1, a monthly report showed Friday.

The data suggest that consumer spending will likely continue to support the economy through at least mid-2018, at which time this economic expansion would become the second-longest since the 19th century. US economic growth in the second quarter rose to a two-year high on stronger consumer and business spending, a late-September report showed. 

The surge in optimism “reflects an unmistakable sense among consumers that economic prospects are now about as good as could be expected,” said Richard Curtin, the chief economist of the survey.

“This ‘as good as it gets’ outlook is supported by a moderation in the expected pace of growth in both personal finances and the overall economy, accompanied by a growing sense that, even with this moderation, it would still mean the continuation of good economic times.”  (read more)

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72 Responses to MAGAnomics – Consumer Confidence Increases to Highest Level Since 2004…

  1. sundance says:

    Liked by 16 people

  2. Skinner says:

    I chuckle at the Socialist Marxist clowns in America, and those running countries elsewhere, because without our magnificent American Capitalist Economy they wouldn’t have a leg to stand on!

    We fund their nasty lives and deeds. But they would never admit it. Losers.

    Liked by 5 people

  3. Sylvia Avery says:

    I have never felt so confident in our economy being on a solid footing and having potential to grow since Ronald Reagan was our President.

    I know the Clinton years were boom years, but I never felt it was because Clinton was in the engine with his hands on the throttle, it mostly seemed like relief that the Cold War was over and Clinton, like everyone else, was along for the ride.

    I didn’t have confidence that Bush knew what he was doing with the economy, either. And I believed Obama was actively trying to strangle us in our sleep.

    PDJT knows what he is doing. Even with all of Washington DC trying to hinder him, he is pulling us along. Thank God for PDJT. I look forward to every small indicator in my personal financial situation that things are improving.

    Liked by 26 people

    • Minnie says:

      Well stated, Sylvia.

      I believe the difference is having an astute, experienced, successsul BUSINESSMAN at the helm.

      Mr. President didn’t make his fortunes on the backs of the less fortunate, he helped them up along the path of his journey to that achieve that success.

      Now, he’s in the very right place at the very right time to help all Americans.

      Liked by 8 people

    • starfcker says:

      “I didn’t have confidence that Bush knew what he was doing with the economy, either. And I believed Obama was actively trying to strangle us in our sleep.” Nailed it on both counts. Great work

      Liked by 13 people

    • TwoLaine says:

      Clinton years were boom because the Reaganomics were kicking in.

      Liked by 3 people

      • starfcker says:

        Exactly, TwoLaine

        Liked by 2 people

      • Sylvia Avery says:

        Yes, you are right!

        Liked by 1 person

      • Jim says:

        Also remember this was the time everyone was putting computers in households on a large scale, plus technology was advancing so fast that your device was outdated as soon as you bought it, so you bought a newer model. Nothing boosts economic indicators like a massive spike in consumer demand.
        Billie boy had absolutely nothing to do with this but boy does he get the credit from democrats. How sick am I of hearing, “Oh, Bill Clinton had a surplus and now look at where we are. If only we still had him.” Haven’t heard much from them lately since they have to compare Obama to our President. Go Trump, MAGA.

        Liked by 3 people

        • Clinton had NOTHING to do with the surplus.

          Congress cut spending and blocked Clinton from multiplying it.

          Today’s Congress locks in spending growth to multiply debt.
          Today’s Congress reins in the economy to suffocate revenue growth.

          Liked by 2 people

          • kalbren2r1 says:

            I agree, he was riding Reganomics coattails. My personal situation during the Clinton years was the lowest years of income earning and the highest years of tax payments. Many years under his “reign” we had to make payment arrangements with IRS to pay our tax debt.

            Liked by 1 person

    • Bill Clinton, for all of his MANY faults, was a politician far more than an ideologue! The economy improved during his term largely because he went along with the Republican House in lowering taxes and reducing the scope of welfare. (Contract with America) He also had no interest in starting wars overseas until he needed a distraction from the Monica Lewinsky scandal.

      His main reason for entering politics, sick and sad as it sounds, is that it was a great way to pick up girls, and he, like the recently departed Hugh Hefner, is nothing more than a pathetic little man seeking affirmation through his sexual conquests. The damage done during Clinton’s presidency, both economically and militarily, was because of policies enacted by his wife and her cadre of leftist appointments. Most of it didn’t surface for many years but is woefully apparent now.

      GW Bush ran on one platform but then governed under orders from his Daddy and the rest of the neo-cons. The damage he did is still bearing rotten fruit and is responsible for many of the current swamp dwellers in the GOP-e!

      Liked by 9 people

      • Blacksmith8 says:

        those weren’t orders
        he ran one way just to get in
        then he made a left/global turn
        he said “I’ve changed the republican party forever”
        it wasn’t daddy’s orders it was W saying oh yes I like that idea

        Like

    • Ditch Mitch says:

      Well said Sylvia. The Kudlow/Wilber interview says volumes as to PDJT’’s economic team.

      Liked by 1 person

    • Go back a little further and we can see consumer confidence going way up under Clinton as you point out, however, I agree, he did not seem to do anything to cause this…..But what is interesting is the effect resulting from that cause. Clinton both balanced the budget and erased the dept.

      I believe this is just a start of this rise under PTrump…….

      Liked by 1 person

  4. FL_GUY says:

    With President Trump, we not only have a genius Commander in Chief, we also have a genius Chief Executive Officer. He has hired the best for key positions in his cabinet. Were it not for the traitors of the Uniparty, things would be getting better much faster. As it is, President Trump is having to repair the damage to the USA by himself. What he has accomplished to Make America Great Again in just a bit over 8 months is amazing when you consider he has done it by himself with opposition every step of the way.

    Liked by 20 people

    • Jim says:

      You are absolutely right. Just think about the opposition he has to face every day and has been doing so since the early Presidential primaries. I honestly do not know how the man does what he does. I just can’t help but believe that Divine intervention is in play because it really is a miracle when you stop and consider all of this. God bless President Trump.

      Liked by 2 people

  5. NewNonna!!! says:

    Amen, amen, AMEN, Sylvia!!

    Love our President!!! ❤️👉🦁👈🇺🇸

    Liked by 4 people

  6. starfcker says:

    I think we also have to look at the impact of high housing costs on citizen well being. I’m urban areas, housing costs, particularly rentals have been driven through the roof by creating artificial demand (importing consumers, and paying their rent). I have employees that live in modest blue collar areas, and the rentals on their streets are actually higher than gated proffesional neighborhoods. Of course nobody renting in those modest neighborhoods is paying their own rent. Big Ben, you’ve got some work to do.

    Liked by 7 people

    • TwoLaine says:

      You are one of the few that talks about how the imports create artificial demand and higher costs for everyone. Bravo!

      Liked by 3 people

    • Terrific insight.

      Yet another pernicious outcome from letting the Lefty REGRESSIVES run America’s Government, NGOs, Advertising, Banks, Communications, Education, Entertainment, Insurance, Media, Sports, Technology …

      [Hat-tip to the Treeper that nailed the false-flag label the PROGS bestowed on themselves!]

      Liked by 2 people

  7. James F says:

    “What kind of magic wand do you have?”

    Liked by 11 people

  8. itswoot says:

    I got to thinking…

    Secretary Wilbur Ross is like a velvet-covered hammer; outwardly he has a soft side in his demeanor while interacting with others in his role as U.S. Commerce Secretary, but still packing quite a wallop with his economic skills and determination.

    (Shades of the 1989 Velvet Revolution in Czechoslovakia)

    Liked by 3 people

  9. Patriot 1 says:

    Confidence is up among people who want to earn a living. Confidence is down among people who want the gov’t to steal from others and give to them. This is the way it should be. MAGA.

    Liked by 6 people

    • Jim says:

      Very well put. Also expect some of the crooks are getting a little bit worried about when someone is going to come knocking on their door.

      Like

  10. Victor Adam Smith says:

    “Baby, you ain’t seen nothing yet!”

    Liked by 3 people

  11. JohnnyII says:

    “US consumers haven’t been this optimistic about the economy since the start of 2004, according to a survey conducted by the University of Michigan. ”

    What drove the 2004 optimism? I don’t remember feeling optimistic. In fact, I remember feeling distressed with the upcoming election. I was pretty sure George Bush couldn’t win a 2nd term and thought we’d have horse-head kerry beating us to death in his quest to be become the worst pres ever. I was wrong, but that was what I thought.

    Liked by 1 person

  12. WonkoTheSane says:

    The elites have been secretly drinking our milkshake. The President is taking away their straw. And their coat.

    Liked by 3 people

  13. woohoowee says:

    There was no path to 270 for Trump45! No path! LOL 🙂 There’s no one who can beat Trump45 at what he has set out to do for us. There never was.

    Liked by 2 people

    • JohnnyII says:

      Jim says:
      October 14, 2017 at 5:24 pm
      “All I can say is, with Trump you just gotta expect the unexpected.”

      I’m gonna use this often LOL. Can I use that?

      Liked by 2 people

  14. MaineCoon says:

    I repeat myself. I time history will deem President Trump to be the best president ever based on all criteria and the overall positive outcomes of his domestic and foreign policies.. I see it now, but history will declare it later.

    Liked by 3 people

  15. “It’s the economy , stupid .” Was the anti-Bush slogan in 1992. The left ignored the fact that by September, 2 months before the election, the economy turned upward. They continued the “economy,stupid” slogan ignoring facts slapping them in the face. Leftism is a mental illness.

    Like

  16. “It’s the economy , stupid .” Was the anti-Bush slogan in 1992. The left ignored the fact that by September, 2 months before the election, the economy turned upward. They continued the “economy,stupid” slogan ignoring facts slapping them in the face. Leftism is a mental illness.

    Like

  17. TimeIsNow says:

    It seems the false, lying polls on PDJT’s approvals will keep happening. They probably now hide the ways they take these poll samples.

    Like

  18. TreeClimber says:

    A couple weeks ago I got into an argument [about PDJT] on YouTube, and whether or not he’d done anything. They claimed to have proof he was bad for the country, but “couldn’t be bothered to post the link.” They then challenged me to provide *1* link that detailed all his accomplishments. Obviously I could not, provided six – half of them about the economy (consumer confidence, GDP, stock market,) the others about his work in Texas/Florida/Puerto Rico. Their only response? (To paraphrase) “You posted a video where you can’t hear the press over the airplane engines and he should’ve been in DC signing orders to send help [to Puerto Rico] instead of going himself.” “He *did* sign those orders,” posted more links about the Comfort and all that FEMA had done.

    Two weeks later… he never replied.

    Like

  19. President Trump is getting lots of stuff done but some people (Democrats and neverTrumpers) don’t like it.

    They went from “he’s Hitler” to “he’s incompetent” to “ok, he’s getting stuff done but we don’t like it.” So predictable.

    He won the NFL persuasion game. He got rid of TPP and cancelled the Paris Agreement. Put pressure on China to get something done in North Korea which no one ever succeeded in doing before. Funding for birth control is out. He got the judges he wanted and cancelled many business regulations. China is his best friend and the Russia collusion delusion thing evaporated. Riots in the streets have come to a close because of his law enforcement unmasking the protesters. He was true to his word on Iran. His impressive tax bill coupled with the economy ramping up could eventually make the economy too good. Because of his initiatives we have the lowest unemployment in years. The deficit isn’t doing badly and there will be repatriation to offset it even more. Now we can buy insurance across state lines with consumer co-ops and more good things on healthcare coming soon. Parts of the wall are under construction and will get the funding he needs. ISIS is being routed.

    He’s got a lot done and he will get more done and it gets progressively harder for haters to say he’s not been effective across the board.

    President Trump stopped funding abortions overseas and prayed at the Western Wall in Israel. He developed the Trump Doctrine making countries responsible for rogue ststes who they have the most connection to (ie: China for North Korea, Pakistan for Afghanistan, Russia for Syria). Brilliant!

    AND LAST BUT NOT LEAST PRESIDENT TRUMP DELIVERED ON PROTECTING RELIGIOUS LIBERTY, THE STATE OF ISRAEL AND THE SECOND AMENDMENT. HE ALSO PUT SANCTIONS ON OPPRESSIVE REGIMES. PRESIDENT TRUMP SUPPORTS AND HONORS OUR MILITARY, THE POLICE AND ALL FIRST RESPONDERS. HE RESTORED PRIDE IN OUR COUNTRY.

    GOD BLESS THE POTUS.

    Like

  20. Ips Prez says:

    I love reading these articles on the last refuge but sometimes you need to be careful. The chart you are showing shows a clear massive drop when Obama became President but then a continuous move upward which so far appears to be continuing under Trump. Now, I am absolutely no fan of Obama, the worst President ever, but you need to be fair in order to be believable.

    Like

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