Source: New York Post
by staff
“So much for the prophecies of Trumponomics doom: Not only did the US economy grow at a 3% rate in the second quarter, the growth was all in the private sector as the government portion shrank. Meanwhile, ADP reports that private-sector employment rose by 104,000 jobs in July, with annual wages jumping 4.4% — well above the rate of inflation, which also remains markedly lower than the conventional-wisdom crew predicted. That is, growth was half again the consensus forecast for April-June, while July looks like a huge boon for American workers — all as many of President Donald Trump’s policies have only begun to kick in. Trump’s tariffs have neither crashed the economy nor kicked off fresh inflation — though of course those predictions largely came from ‘experts’ who never expected the bane of Bidenflation.” (07/30/25)