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Monday, November 5, 2018

Direct From the West Wing

 

Soaring Economy Should Be Celebrated by All

“The economy is roaring,” the Boston Herald editorial board writes on the heels of another expectations-beating jobs report from the Department of Labor on Friday.

“We are seeing the best wage growth since 2009, when we were crawling out of the recession. In October, 250,000 jobs were added to the economy. The unemployment rate held at 3.7 percent — its lowest level since 1969.” In the words of former Vice President Joe Biden economic adviser Jared Bernstein, “Pretty much everything you could want in a monthly jobs report.
“Democrats [are] supporting a major new energy tax — but won’t talk about it unless they have the presidency and Congress,” House Majority Whip Steve Scalise and Americans for Tax Reform President Grover Norquist write in the Washington Examiner. On the other side, President Trump and Republicans firmly oppose any “efforts to increase the cost of energy through taxes or regulations.”
“When President Trump ended U.S. participation in the Iran nuclear deal, he promised tough sanctions on the Iranian regime. On Monday our administration will deliver exactly that,” Secretary of Energy Rick Perry writes in The Wall Street Journal. “The new sanctions will deliver an unmistakable message to Tehran: Change your ways or suffer the consequences.”
The Trump Administration “has taken several vital steps to reorient the federal bureaucracy toward the chronically ill and individuals with pre-existing conditions,” Mary Vought writes in the New York Post. Those steps include expanding access to both lifesaving prescription drugs and healthcare coverage options.
“Over 2.1 million jobs have been created” since President Trump signed the Tax Cuts and Jobs Act just before Christmas Day 2017, Rep. Brad Wenstrup (R-OH) writes in the Cincinnati Enquirer. “It gave a much-needed tax break to Americans at every income level, helped create jobs for those who were previously on the sidelines of economic progress, and increased pay for hourly workers who need it most.”

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