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    Economic Optimism Hits 10-Year High On Trump, But Democrats Are Blue


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    Economic Optimism Hits 10-Year High On Trump, But Democrats Are Blue

    Post  sinister_midget on Wed Dec 07, 2016 5:13 pm

    Economic Optimism Hits 10-Year High On Trump, But Democrats Are Blue

    That's understandable. Both parts.

    The economy started to tank about 10 years ago. It's cyclical. But what's also cyclical is a recovery. Unless a government full of busybodies interferes to keep it from recovering. Like has happened since it went downhill almost 10 years ago.

    On the other hand, liberals loved the crash. They hate progress. They hate economic growth because "it isn't fair" that people who work make money while those who don't fall further behind. When economic news is good, liberals are depressed.

    The IBD/TIPP Economic Optimism Index surged to a 10-year high in December, as confidence in the outlook got a jolt from the presidential election and the subsequent stock-market rally.
    Economic Optimism rose 3.4 points to 54.8, the highest since November 2006, remaining above the neutral 50 level for the third straight month.

    While confidence in the economy had been on the upswing before the election, the surprise victory of Donald Trump, part of a clean sweep for Republicans, had a huge effect on Americans' economic expectations. The effect was far more positive than negative, but economic sentiment tends to be partisan, and that's never been more clear than in this month's poll.

    Optimism about the six-month economic outlook rocketed to 86.6 among Republicans from 50.9 just before the election, hitting the highest level since the IBD/TIPP Economic Optimism Index was launched in 2001. Independents' view of the six-month outlook jumped 12.7 points to 58.5, highest since January 2004. But sentiment among Democrats plunged 32.1 points to 28.2, lowest since October 2008, just before Barack Obama was elected.

    See what I mean?

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