BET Founder Robert Johnson Says President Trump’s Economy is Bringing Black Workers Back into the Labor Force
MAKING AMERICA GREAT AGAIN …
BET Founder Robert Johnson says that President Trump’s economy is good for blacks as it is bring them back into the work force. This if the LEFT’s and Democrats worst nightmare. These are words coming from a black Democrat. When black America finally figures it out that Trump is working for them and not what the liberal media has reported, you might just see more and more blacks supporting and voting for him.
The growing U.S. economy and improving business environment is bringing black workers back into the labor force, BET founder Robert Johnson told CNBC on Friday.
Johnson, the nation’s first black billionaire, spoke before Friday’s jobs report, which showed nonfarm payrolls rose 103,000 in March, falling well short of the 193,000 gain economist were expecting.
In January, the Labor Department reported the unemployment rate among black workers was at its lowest since at least the early 1970s, when the government began tracking the data. The unemployment rate for black Americans spiked in January and then fell in February. The rate was unchanged in March at 6.9 percent.
“When you look at that [January report], you have to say something is going right,” said Johnson, a Democrat and founder and chairman of The RLJ Cos.
“You have to take encouragement from what’s happening in the labor force and the job market,” Johnson told “Squawk Box.” “When you look at African-American unemployment, … you’ve never had African-American unemployment this low and the spread between African-Americans and whites narrowing.”
TRUMP: MAKING AMERICA GREAT AGAIN FOR ALL …
As reported at The Hill, 14 U.S. states have set record low unemployment rates in the past year during Donald Trump’s presidency. It is an amazing accomplishment as President Trump has made America great again for all. The unemployment lows span the ideological gamut, from conservative Texas to liberal California, from solid red Mississippi to blue Maine and from lefty Oregon to conservative Arkansas. Trump’s economic plan is good for all, not just one party. All have benefited. Like him or not, Trump has brought the jobs back and with the tax cuts, that not one Democrat voted for, has not only provided workers with more of their own money, but also allowed companies to grow and hire. Between the Trump-GOP tax cuts, the elimination of burdensome regulations and providing a positive business environment, the American economy is burning red hot.
Fourteen states have set new records for low unemployment rates in the last year, nearly a decade after the recession put millions of Americans out of work.
The states hitting new unemployment lows run the ideological gamut, from conservative Texas to liberal California, suggesting a recovery stronger than any particular political persuasion.
In March, eight states saw new record lows, including Hawaii (2.1 percent), Idaho (2.9 percent), Kentucky (4 percent ), Maine (2.7 percent), Mississippi (4.5 percent), Oregon (4.1 percent) and Wisconsin (2.9 percent).
California also set a new record last month.The Golden State’s unemployment rate stands at 4.1 percent, according to the Bureau of Labor Statistics (BLS). That’s the lowest rate recorded since BLS began keeping track of state-level unemployment figures in 1976, and it’s a third of the 12.3 percent unemployment rate California notched at the height of the recession in December 2010.
Colorado’s unemployment rate is just 2.6 percent, among the lowest in the nation, and a third of the 8.9 percent peak it hit in 2010.
In Alabama, just 3.7 percent of workers are unemployed. Arkansas reached a 3.6 percent unemployment rate last May, its lowest rate ever.
North Dakota set its own record last year. Texas hit a 3.9 percent unemployment rate in November, after peaking at 8.3 percent during the height of the recession. Tennessee fell to the lowest unemployment rate it has ever measured, 3.3 percent, in January.
Hawaii’s unemployment rate is the lowest in the nation, BLS said. Idaho, Iowa, Maine, Nebraska, New Hampshire, North Dakota and Wisconsin all have unemployment rates lower than 3 percent.
Under President Trump, blacks have also seen all-time low unemployment as well as Hispanics. But of course the partisan LEFT would never give Trump credit for it. The Left only touts Trump when there are negative stories. Many of the states that have seen record low unemployment are not ones that voted for Trump. This may pose a problem for Democrats in the 2018 and 2020 elections. There is no chance that liberal states like California or Oregon will ever vote for Trump, but they might just vote for their Republican U.S. Representative. However, states like New Hampshire, Colorado and Maine could be in play for the GOP.
American voters have a real choice in the 2018 midterm and 2020 elections … do you want to continue the great economic growth, jobs, low unemployment and revitalization of the US economy, or do you want to go back to the days of high unemployment, food stamps and dependence on government like under Obama?
TRUMP ECONOMY ROARS … 313 JOBS ADDED IN FEBRUARY!!!
Via CNBC, the U.S. economy added a whopping 313,000 jobs in February smashing the 200,000 jobs estimated. Construction jobs lead the way with 61,000 followed by retail at 50,000, business services at 50,000, manufacturing with 31,000, financial activities with 28,000 and healthcare with 19,000. Even mining saw 9000 new jobs. There were also adjustments upward in the previous two months, December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. The DOW jumped 200 points upon the fantastic jobs report. President Donald Trump’s economic vision is working for America and Making America great again! America, this is the Trump economy and it is his policies and visions, which are 180 degrees opposite of his predecessor that are making the difference. This would never had happened had Hillary Clinton won or will it continue to occur if Democrats seize control of power in either the House or Senate in 2018. The Resistance, eh? What exactly are Democrats, the LEFT and the MSM resisting? Prosperity?
The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.
Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.
A separate measure that takes into account those out of the workforce and the underemployed — sometimes referred to as the “real” unemployment rate — held steady at 8.2 percent.
Construction jobs led the way, with 61,000 new positions, followed by retail and professional and business services (50,000 apiece), manufacturing (31,000) and financial activities (28,000). Health care added 19,000 while mining saw 9,000 new jobs.
Investors were watching the report closely not only for clues about job growth but also whether wage pressures were continuing to build. Wage growth came in less than expected, rising 0.1 percent for the month and 2.6 percent on an annualized basis.
In addition to the big job growth, previous months’ counts were revised substantially higher. December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. That brings the three-month average to 242,000.
Among the major worker groups, the unemployment rate for Blacks declined to 6.9 percent in February, while the jobless rates for adult men (3.7 percent), adult women (3.8 percent), teenagers (14.4 percent), Whites (3.7 percent), Asians (2.9 percent), and Hispanics (4.9 percent) showed little change. (See tables A-1, A-2, and A-3.)
THE TRUMP ECONOMY CONTINUES TO GROW JOBS …
ADP and Moody’s Analytics. reports that private payrolls rose by 235,000 in February, well above Wall Street estimates of 195,000. The United States has gone from Barack Obama, the food stamp president, to Donald Trump, the jobs president. Trump is definitely making America great again!
Job creation saw another powerful month in February, with companies adding 235,000 positions, ADP and Moody’s Analytics reported Wednesday.
The total again defied Wall Street expectations, as economists surveyed by Thomson Reuters were expecting payrolls to grow by 195,000. Growth actually decelerated slightly, as January posted an upwardly revised 244,000 from the initially reported 234,000.
February marked the fourth month in a row that private payrolls hit 200,000 or better.
“The job market is red hot and threatens to overheat,” Mark Zandi, chief economist at Moody’s, said in a statement. “With government spending increases and tax cuts, growth is set to accelerate.”
February saw broad-based gains that stretched across both the services and goods-producing sectors.
Leisure and hospitality led industry groups with 50,000 jobs, while professional and business services contributed 46,000 and trade, transportation and utilities added 44,000.
However, construction rose 21,000 and manufacturing notched 14,000 new positions. In all, goods-producing industries increased by 37,000 while all services-related businesses added 198,000.
Warren Buffett’s Annual Letter Says Berkshire Hathaway Received $29 Billion From New GOP-Trump Tax Code
BUFFET FOR AGAINST IT, BEFORE HE WAS FOR IT …
Warren Buffett, Chairman and CEO of Berkshire Hathaway, stated in his annual letter to Berkshire Hathaway investors that Berkshire Hathaway (BRKB) made a $65.3 billion net gain in 2017, but only $36 billion came from Berkshire’s operations and his brilliance. The other $29 billion came from the Republican-Trump tax cuts. Namely, the reduction in corporate tax rates. Imagine that 55.4% of Berkshire’s net gains came from Buffet’s efforts while 44.6% came from Trump and the Republicans. This from the man who backed Hillary Clinton and condemned the Trump policies on taxes. Oops, looks like the so-called Wizard of Omaha got that one 100% wrong. Every right thinking person without a political bias knew Trump was going to be good for the economy. Even the likes of Warren Buffet were wrong and tainted by their liberal bias.
It would appear that Donald Trump trumped Buffett.
Buffett told investors that Berkshire Hathaway (BRKB)made a $65.3 billion net gain in 2017 — but “only $36 billion came from Berkshire’s operations.”
The rest was a gift from the new U.S. tax code.
“A large portion of our gain did not come from anything we accomplished at Berkshire,” he wrote, adding that about $29 billion of that $65.3 billion gain came from changes to the tax law.
Buffett went on to extol Berkshire’s investing methods. Careful decisions and an aversion to debt and speculation has gotten the firm this far — and that’s the course it’ll stay on, he said.
But remember when Warren Buffet was against the Trump Tax plan? I am certain the Berkshire Hathaway investors are glad Trump went against the wishes of the individual they put all their trust in with their investments. I wonder who the investors of Berkshire Hathaway feel that the individual in charge of their investments cared more about politics than he did his fiduciary responsibility to their monies?
President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.
With the White House and top Republicans in Congress already on the defensive over claims the plan would not cut taxes for many middle-class Americans, Buffett and BlackRock Chief Executive Larry Fink suggested in separate interviews that the corporate rate may not have to be cut as deeply as proposed.
“We have a lot of businesses… I don’t think any of them are non-competitive in the world because of the corporate tax rate,” Buffett, thechairmanand CEO of Berkshire Hathaway, told CNBC.