Opinion | President Trump, where is the winning?

February 6, 2018

By Josh Moon
Alabama Political Reporter

I have a question.

I’m sitting here admiring my extra $1.50 and my new Costco membership, as the stock market makes that slide-whistle sound effect it used to make when ol’ W was in charge, and I just can’t help but wonder …

The winning, when does it start?

You know what I’m talking about. The winning we were promised. There was not only going to be some winning, there was going to be so much winning we were going to get tired of it.

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Exciting news on the economic front

January 17, 2018

By U.S. Rep. Martha Roby

Regardless of what is dominating the news cycle on any given day, the economy is always an issue on the minds of hardworking Alabamians. The ability to get and keep a job in order to provide for your family is so important. That is why the President, Congress, and local leaders in Alabama have made growing the economy a top priority.

There is a lot of exciting news happening on the economic front both nationally and locally. America’s economy is growing faster than even analysts could predict. Alabama is one of thirteen states that have reached a record low unemployment rate, the stock market is at an all-time high, and the U.S. dollar continues to climb.
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Alabama Unemployment drops to record low 3.5 percent

December 22, 2017

By Brandon Moseley
Alabama Political Reporter

Alabama Gov. Kay Ivey announced Friday that Alabama’s preliminary seasonally adjusted November unemployment rate set a new record low of 3.5 percent, down from October’s previous record-setting rate of 3.6 percent, and well below November 2016’s rate of 6.2 percent.

November’s rate represents 75,807 unemployed persons, also a new record low, compared to 77,231 in October and 136,135 in November 2016. More people were counted as employed in November, with 2,087,667 people working, up from 2,079,720 in October, and 40,152 more than in November 2016, when 2,047,515 were counted as employed.

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Global Economy Starting to Show Cracks

July 3, 2015

By Brandon Moseley
Alabama Political Reporter

The last four days have seen lots of troubling economic news.  On Thursday, July 2, new job numbers are out showing that unemployment has decreased to 2008 levels. Normally this would be good news but much of the improvement is actually attributable to people dropping out of the work force. The number of Americans who are actually working dropped by 432,000.

US Representative Bradley Byrne said in a statement, “Today’s job numbers are not a good sign. Too many people are leaving the labor force and giving up on looking for work. Even worse, wages are rising at a rate too low to help workers get ahead. President Obama’s regulatory actions, along with Obamacare, are depressing our economy and hurting young Americans the most.”

All of that is overshadowed in the financial community by concerns over Greece. On Tuesday June 30, the Director of Communications at the International Monetary Fund (IMF), Gerry Rice made a written statement regarding Greece’s financial obligations to the IMF that are now past due: “I confirm that the SDR 1.2 billion repayment (about EUR 1.5 billion) due by Greece to the IMF today has not been received. We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared.”

Director Rice said, “I can also confirm that the IMF received a request today from the Greek authorities for an extension of Greece’s repayment obligation that fell due today, which will go to the IMF’s Executive Board in due course.”

IMF Managing Director Christine Lagarde said on Monday, June 28, “I have briefed the IMF Executive Board on the inconclusive outcome of recent discussions on Greece in Brussels. I shared my disappointment and underscored our commitment to continue to engage with the Greek authorities.

Ms. Lagarde said, “The coming days will clearly be important. I welcome the statements of the Eurogroup and the European Central Bank to make full use of all available instruments to preserve the integrity and stability of the euro area. These statements underscore that the euro area today is in a strong position to respond to developments in a timely and effective manner, as needed.”

Lagarde promised, “The IMF also will continue to carefully monitor developments in Greece and other countries in the vicinity and stands ready to provide assistance as needed. I continue to believe that a balanced approach is required to help restore economic stability and growth in Greece, with appropriate structural and fiscal reforms supported by appropriate financing and debt sustainability measures. The IMF is prepared to continue to pursue that approach with the Greek authorities and our European partners.”

Closer to home, Puerto Rican Governor Alejandro García Padilla announced on Monday, June 28 that the island territory is insolvent and will not pay back its $72 billion in debt. Not on time and in full, in any case.

The US territory has watched wages stagnate, the work force decline, people move away at an alarming rate.

 

Despite Record Stock Market Highs Small-Business Owners Pessimistic about Expectation for Growth

March 19, 2013

By Brandon Moseley
Alabama Political Reporter

Stocks are soaring.   Last year the major stock market indices all were up over the year and 2013 has been a banner year with the Dow up more than 10% since January 1.  That has not translated to small business owners.   The National Federation of Independent Business’ monthly Index of Small Business Optimism increased 1.9 points in February to 90.8 an improvement over the past several months but still below the trough of the 1991-92 and 2001-02 recessions.
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Bachus Comments on New Job Numbers

June 6, 2012

By Brandon Moseley
Alabama Political Reporter

On Friday United States House of Representatives member Spencer Bachus (R) from Vestavia issued a written statement following the release of new job numbers showing that job creation has virtually ground to a halt.

Congressman Bachus said, “The Administration’s policies are just not working.  This month marks the third anniversary of what was technically the end of the recession.  But for millions of Americans who are still out of work, it’s clear the recession never really ended at all.”
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