May 21, 2015
the first quarter of 2015,” Airlines
for America disclosed, “10 publicly traded U.S. passenger carriers
collectively reported a … net profit of $3.1 billion, or 8.4 percent, which
improved from 1.1 percent during the same period in 2014. Operating revenues
rose 3.1 percent year over year, due in large part to a 3.9 percent increase in
the number of air travelers.” The trade association predicts a surge in volume
this summer -- up 4.5 percent, to 222 million, over 2014.
New York Times reported, “nearly
across the board reported strong April sales gains in the United States,
powered by the continued rise in sales of pickup trucks and crossover sport
Reserve Bank of New York’s Jaison R. Abel and Richard Deitz have good news
for freshly minted college grads: “After declining for nearly two years,
openings for jobs requiring a college degree have picked up since last summer.
Not only has this increase in the demand for educated workers continued to push
down the unemployment rate for recent graduates, but it has also finally
started to help reduce underemployment.”
A poll commissioned by Express Employment Professionals found that the number of unemployed Americas who have “completely given up looking for work” fell seven percentage points from last year. The jobless rate has fallen by nearly half since its October 2009 apogee.
survey of consumer expenditures found that in April, spending was “up $5
from the March average and [was] higher than the $88 daily average for last
April. This is on top of a fairly strong March increase of $4, a potentially
positive sign for the economy. The April increase is the largest month-to-month
increase since November 2014.”
to The Wall Street Journal, last
month saw homebuilding leap “to the highest level since before the recession
officially began, a sign of thaw in the housing market during the crucial
spring selling season.” Growth was “broad-based,” with single-family homes
rising 16.7 percent and multifamily units increasing 27.2 percent.
fools believe it’s Morning
in America. But the Great Recession isn’t inflicting the pain it once did.
The economy is staggering to its feet. And that reality can’t be welcome at Hillary
for America headquarters.
candidate who wants to “make the words ‘middle class’ mean something again”
isn’t likely to change her messaging. “Everyday Americans and their families,”
Clinton avers, “need a champion.” Get used to hearing that phrase. A lot.
defense, Clinton can’t help herself. The moonbat community has invested as much
in “income inequality” as it has in “climate change.” On the right
and the left,
when the facts fail to confirm fiercely held -- indeed, near-religious --
beliefs … well, then it’s time to ignore the facts.
warfare worked for the present president, in large part, because his party
nominated him during an economic apocalypse. (A deeply
despised incumbent helped, too.) Between the Dow Jones Industrial Average’s
October 2007 peak and the day before Barack Obama was elected, the index lost 34.2
percent of its value. Unemployment
had been rising for a year and a half. And the housing bust
had been underway since 2006.
serious economic downturns, populist screeching about the rapaciousness of “the
top 1 percent” doesn’t resonate widely. In a December 2014 exposé of liberal
whining over “meager real income growth,” Stephen Rose eviscerated the
sorely specious methodologies behind claims of stagnation. (Leaving out transfer
payments and tax burdens are favorite tricks.) The left-wing economist
stipulated that the underclass remained an issue, but assembled a titanic trove
of evidence to show that “most people don’t have problems with the necessities
and economic growth today takes the form of better and more diverse products, a
wider array of services, and more recreation.”
may not love the rich, but they certainly aspire to be affluent. Gallup’s
latest polling on “money and wealth in this country today” revealed that 63
percent felt that income should be “more evenly distributed.” But an April
survey by The Wall Street Journal and
NBC News found that while 28 percent were more concerned about the “income
gap,” 68 percent considered “not being able to get ahead” a greater problem.
to form for an ideologue with poorly calibrated political instincts, Hillary
Clinton has crafted a message that’s out of tune with the daily experiences of
ordinary Americans, as well as long-held beliefs about the opportunities
available in the Land of the Free.
D. Dowd Muska (www.dowdmuska.com) writes about government, economics, and technology. Follow him on Twitter @dowdmuska.
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