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Steve Moore: Economic Report Boosts Trump’s 2024 Prospects

The latest economic data out of Washington paints a far brighter picture than the naysayers predicted, especially after months of hand-wringing over tariffs and trade disputes. The U.S. economy added 177,000 jobs in April, keeping the unemployment rate steady at 4.2%. That’s not just a statistic-it’s a testament to the resilience of American workers and businesses, even in the face of global economic headwinds and aggressive trade negotiations. Despite the mainstream media’s constant warnings about recession and economic collapse, the jobs market is holding firm, proving that pro-growth, America-first policies can deliver real results for working families.

One of the most encouraging signs for fiscal conservatives is the ongoing reduction in the federal workforce. For the fourth straight month, federal government jobs declined, with over 26,000 positions cut so far this year. President Trump’s administration, with the help of efficiency-minded advisors, is delivering on the promise to shrink the size and scope of Washington. This is a welcome change from the bloated bureaucracy of previous years, signaling a shift toward a leaner, more accountable government that leaves more room for private enterprise to thrive.

Meanwhile, the stock market has staged a remarkable comeback. After a rocky start to the year and a sharp dip following new tariffs, the S&P 500 rebounded with its longest winning streak in two decades. Investor optimism is returning, fueled by the prospect of new trade deals and a White House that refuses to accept bad terms from foreign competitors. While the markets remain sensitive to developments in trade negotiations, the underlying message is clear: American strength and resolve are restoring confidence on Wall Street and Main Street alike.

Inflation, which soared to painful heights under the previous administration, has cooled to a manageable 2.4% annual rate. This is no accident; it’s the result of a deliberate agenda focused on deregulation, tax cuts, and unleashing American energy production. While tariffs may nudge some prices higher, these effects are being offset by smart domestic policy and a commitment to keeping costs in check for consumers. The Trump administration’s willingness to take on tough issues-like Chinese fentanyl exports-also bodes well for both public health and future trade negotiations.

On the world stage, there are promising signs that China is finally feeling the pressure to address American concerns, particularly on the fentanyl crisis. This could open the door to more balanced trade talks and, ultimately, better deals for American workers. The bottom line: the doom-and-gloom crowd has been proven wrong once again. With strong job growth, a shrinking federal government, tamer inflation, and a stock market on the mend, the U.S. economy is on a positive trajectory. Now is the time to double down on policies that put America first and keep the momentum going.

Written by Staff Reports

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