Economy - The New American

Obama Brazenly Tried to Take Credit for Better Economy Under Trump

Obama told the college students at the University of Illinois that the booming economy we are now experiencing is his work, not Trump's....

Steve Byas September 13, 2018

American Business Coalition Launches Anti-Tariff Campaign Against Trump

Bob Adelmann September 12, 2018

The trade tariff strategy being implemented by Trump involves patience. For this group of American companies, their patience is wearing thin. ...

More Evidence of Robust U.S. Economy

Bob Adelmann September 6, 2018

Expect more records to be broken as the U.S. economy continues its remarkable expansion. ...

White House Forecasts 3.5 Percent GDP Growth in Third Quarter

Bob Adelmann September 5, 2018

Even Kevin Hassett, chairman of President Trump’s Council of Economic Advisors, fails to grasp the dynamics of the new Trump economy: Five percent...

De Blasio, MTA, & Big Taxi Beat Uber, Lyft

Bob Adelmann August 9, 2018

At the behest of the public transportation and taxi dirvers’ unions, New York City Mayor Bill de Blasio signed a bill into law...

U.S. Household Debt at $13.2 Trillion — Cause for Worry?

Bob Adelmann August 1, 2018

The latest report from the Federal Reserve Bank of New York triggered all manner of financial anxiety: U.S. household debt is at an...

Trump Tax Reforms Allow Companies to Expand Benefits, Increase Wages

Bob Adelmann July 30, 2018

More and more U.S. companies are using benefits from President Trump’s tax reform program to enhance their employees’ benefits, from paying more of...

Tech Giants Face British Tax, Liability Problems

R. Cort Kirkwood July 30, 2018

As if they didn’t have enough problems with stock drops, accusations of political purging and lawsuits from fired employees, the tech giants who...

Unsustainable: The Government Pension Pickle that Several States are Facing

James Murphy July 29, 2018

State employee pensions, negotiated by greedy public employee unions and rubber-stamped by short-sighted politicians have left several states teetering on the edge of...

Huge Second-quarter GDP Gains; Some Say Unsustainable

Bob Adelmann July 27, 2018

President Trump’s celebrated huge second-quarter GDP gains, and on cue, the naysayers came out of the woodwork, explaining why the second quarter’s numbers...