MAGA: First Real US Household Income Gain Since 2000

 

Donald Trump just delivered a record for U.S. median household income and the first full year of higher real incomes since 2000.

President Trump’s ‘Make America Great Again’ economic policies that favor Main Street over Wall Street just delivered a record for U.S. median household income and the first full year of higher real incomes since 2000.

The median household income hit an all-time high of $63,554 in November 2018, based on an analysis of the Census Bureau’s Current Population Survey by Sentier Research. The real, after-inflation, median household income was 3.2 percent above the $61,612 for November 2017; up 5.5 percent above the $60,231 in December 2007; up 15.4 percent from $55,083 in June 2011; and 4.3 percent higher than January 2000.

Despite almost two decades of income stagnation for 99 percent of Americans, establishment economists on the left and the right have viciously attacked the Trump Administration’s ‘Make America Great Again’ (MAGA) policies for cutting taxes, deregulating the economy, maximizing oil and gas production, ending foreign entanglements, renegotiating blatantly unfair trade deals, and slapping China with tariffs.

The Nation published an article in June warning that, ‘Donald Trump’s Trade Wars Could Lead to the Next Great Depression.’ Progressive former senior strategist at bankrupt Bear Sterns and Lehman Brothers Naomi Prins hyperventilated that Donald Trump’s attacking foreign exporting nations for using America as “the world’s piggy bank” was “making the world a less stable, less affordable, and more fear-driven place.”

In the same month, Never-Trump’ conservatives at the Weekly Standard sneeredat MAGA policies in ‘Trumpenomics for Dummies.’ British economist Irwin Stelzer lashed out at Trump for trying to “protect our 19th and 20th Century industries” basic industries, instead of backing “brain replacing brawn as the basis of American economic prosperity.”

In response to MAGA’s unorthodox economic policies that delivered big income gains and drove unemployment down to its lowest levels in almost 50 years, the Trump Administration has had to weather seven interest rate hikes based on the Federal Reserve’s orthodox economic theory that wage growth must be restrained to prevent future inflation.

The Fed had no problem slashing interest rates 19 notches early in the Obama Administration, and then keeping interest rates substantially below inflation in order to create asset bubbles that drove up U.S. rents and home prices. According to an EPI study, Incomes for the top 1-percent spiked to an all-time high average of $1,316,985 in 2015, a multiple of 26.3 times the average income for the other 99 percent of Americans.

While the Federal Reserve has been trying to protect the average American from too much personal income growth, its own Inflation Expectation Rate for the next five years has actually fallen by 20 percent since President Trump took office in January 2017.

Managing Director David Hoffman of Brandywine Global Asset that manages $74 billion recently observed that before the Fed raised the U.S. policy interest rate on December 19th and crashed the stock markets, the Fed Funds target interest rate when adjusted for inflation was already above zero. He warned that the Fed’s policy for the first time in a decade is “no longer broadly promotive of continued strong growth.”

The Fed and critics on both the left and right have fully embraced Keynesian economic theories that argue for government using “targeted” fiscal spending and monetary credit policies to steer the U.S. economy to optimum performance. With the top “1-percenters” controlling the bureaucratic deep state over the last 40 years, they have manipulated those Keynesian “targets” to optimally enhance their own incomes.

Because MAGA economics rejects fiscal and monetary targeting as inherently corrupt, the “1-percenters” understand their entitlement is at existential risk of going away. They must fight, obstruct and slow down MAGA policies before the redistribution of income back to the 99-percent becomes overwhelmingly obvious to most American voters.

The Fed’s interest rate spikes have hammered Wall Street with a global stock market selloff that resulted in the worst December U.S. stock performance since 1931, with the Dow Jones Index down 9.7 percent for the month. After the market value of Apple Computer collapsed by $75 billion after warning of lower earnings due to China’s economy slowing, Dow Index entered a “Bear Market” Dow down 20 percent from its September high.

But “Main Street” is booming, according to the latest Bureau of Labor statistics, with 7.1 million job openings on the last business day of October. The latestSmall Business Optimism Index reported its highest percentage since 1989 of companies under 250 workers planning to raise compensation in 2019 in “response to persistently high levels of unfilled open positions.”

 

 

Source: MAGA: First Real US Household Income Gain Since 2000

Charles Stanley –An Exercise in Casting Cares

 

Psalm 55:16-22

God’s shoulders are wide enough to carry your burdens. He’s sovereign over the universe, so He is certainly capable of working out problems and meeting needs. Today I want to give you an exercise that will help make casting your cares on Him a practical act.

First, take a piece of paper and write the things that cause your anxiety. Once you start, you may discover there’s a list of items that cheat you out of peace.

Next, pray each issue into God’s care. Recall Psalm 18:35, which promises that He lovingly upholds believers.

Finally, as you pray, visualize placing the situation into God’s omnipotent hands. For example, imagine handing over to the Lord the debts you owe, while saying, “Father, I give You my financial anxiety. I know You’ll show me how to get out of debt. You are more than sufficient to handle it, and I trust You to guide me.”

Some people may resist this suggestion because certain pseudo-spiritual movements have a method they call visualizing. But here the term refers to the beautiful word pictures throughout the Bible, which God intended to help us understand our relationship with Him. This type of visualizing creates a mental snapshot of God doing what He says He’ll do (Psalm 55:22; Matt. 6:25-26).

When you have transferred all of your worries to God’s hands, wad up the paper and then destroy it. In doing so, you symbolize the transaction that just took place: Your cares are no longer yours—every one of them belongs to the Lord. Then walk away in perfect peace.

Bible in One Year: Genesis 16-19

 

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Our Daily Bread — Transformed & Transforming

 

Read: 2 Chronicles 33:9–17 | Bible in a Year: Genesis 13–15; Matthew 5:1–26

Then he restored the altar of the Lord. . . and told Judah to serve the Lord, the God of Israel. 2 Chronicles 33:16

Tani and Modupe grew up in Nigeria and went to the UK to study in the 1970s. Having been personally transformed by God’s grace, they never imagined that they would be used to transform one of the most deprived and segregated communities in England—Anfield in Liverpool. As Drs. Tani and Modupe Omideyi faithfully sought God and served their community, God restored hope to many. They lead a vibrant church and continue to run numerous community projects that have led to the transformation of countless lives.

Manasseh changed his community, first for evil and then for good. Crowned king of Judah at the age of twelve, he led his people astray and they did great evil for many years (2 Chronicles 33:1–9). They paid no attention to God’s warnings and so He allowed Manasseh to be taken prisoner to Babylon (vv. 10–11).

In his distress, the king humbly cried out to God who heard his plea and restored him to his kingdom (vv. 12–13). The now-reformed king rebuilt the city walls and got rid of the foreign gods (vv. 14–15). “He restored the altar of the Lord and . . . told Judah to serve the Lord, the God of Israel” (v. 16). As the people observed the radical transformation of Manasseh, so too were they transformed (v. 17).

As we seek God, may He transform us and so impact our communities through us.

Heavenly Father, transform our lives that we may be used by You to bring transformation to others.

Welcome to Ruth O’Reilly-Smith! Meet all our authors at odb.org/all-authors.

Your transformation by God brings transformation to others.

By Ruth O’Reilly-Smith

INSIGHT

Second Kings 21:1–18 parallels 2 Chronicles 33:1–20, but the version in 2 Kings curiously omits Manasseh’s repentance. Both accounts share how Manasseh rebuilt the obscene shrines his father Hezekiah had destroyed, desecrating God’s holy temple and sacrificing his own son. Second Kings prophesies Jerusalem’s coming judgment (21:10–15), while 2 Chronicles shows us a larger story—the fulfillment of that prophesy and God’s hand in bringing Judah’s worst king to eventual repentance (33:10–17).

Tim Gustafson

 

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Streams in the Desert for Kids – Finding God’s Help

 

Mark 11:24

Have you ever wanted something so much that you kept begging and begging your parents to get it for you? Perhaps they think you are not quite ready for whatever it is. But you want it so much you keep on bugging them for it. Finally, after a long while, you give up and figure you are never going to get it. You have lost hope. You have lost faith that what you want will ever be yours.

Sometimes the same thing happens when we pray to God. We want something so much that we beg him for it. When God doesn’t grant us our request, we think he’s not listening. We think he doesn’t care. We pray so long and so hard that we pray ourselves right out of faith. But the Bible teaches that God always hears our prayers. Like your parents, he may not think you’re ready for whatever you are asking. Or maybe he knows it would not be best for you. Or maybe he fully intends to answer your prayer, but it just isn’t the right time.

Now is the time to simply trust God and believe he knows what he’s doing. We have to let our prayer rest with him until he is ready to make it happen.

Dear Lord, I believe that you will answer my prayers in your way and your time. Help me to learn what it means to let my prayer rest in your hands. Amen.

 

Joyce Meyer – Giving Aggressively

 

Give, and [gifts] will be given to you; good measure, pressed down, shaken together, and running over, will they pour into [the pouch formed by] the bosom [of your robe and used as a bag]. For with the measure you deal out [with the measure you use when you confer benefits on others], it will be measured back to you. — Luke 6:38 (AMPC)

 

Adapted from the resource New Day New You Devotional – by Joyce Meyer

When you and I give, we are to give generously and aggressively. Because the way we give is the way we receive. When we look into our wallet or purse, we are not to pull out the smallest bill we can find. Instead, we are to give as God gives—abundantly.

Now, I realize that no offering is too small and none is too great. But at the same time, we have got to learn to be as aggressive in our giving as we are in any other aspect of our Christian life. I seek to be a giver. I desire to give all the time.

One time I was in a Christian bookstore and saw a little offering box for one of those ministries that feeds hungry children. There was a sign beside it that read, “For fifty cents two children can eat for two days.”

I started to open my purse and make a donation when a voice inside said to me, “You don’t need to do that; you give all the time.”

I immediately got violent—spiritually violent! No one could tell on the outside, but I was aroused on the inside. I reached into my purse, pulled out some money, and placed it in the box just to prove I could give as an act of my free will!

You can do the same. Whenever you are tempted to hold back, give more! Show the devil you are an aggressive giver!

Prayer Starter: Father, You give to us so generously—help me to be like You! Show me ways today and every day that I can establish a lifestyle of giving in ways big and small. In Jesus’ Name, Amen.

 

http://www.joycemeyer.org

Campus Crusade for Christ; Bill Bright – An Infusion of Power

 

“Even the youths shall be exhausted, and the young men will all give up. But they that wait upon the Lord shall renew their strength. They shall mount up with wings like eagles; they shall run and not be weary; they shall walk and not faint” (Isaiah 40:30,31).

I flew all night from Los Angeles to New York for a very important meeting with the president of one of the major television networks, and after only three hours in New York flew back across the continent to Portland, Oregon, to speak that night at a conference of several hundred pastors.

Every fiber of my being ached with fatigue as I waited for my luggage in the Portland airport. In only 30 minutes I would be speaking to the pastors, yet I felt about as spiritual as a head of cabbage. Suddenly I felt impressed to pray, “Lord, do You have something You would like to share with me?”

Immediately I felt a leading to turn to the 40th chapter of Isaiah. As I read those familiar words, which at that instant had new, inspiring meaning for me, I sensed a surge of strength, energy, and power flow into and through my body. I suddenly felt that I could have thrown my luggage over the building and run to the meeting several miles away.

I could hardly wait to stand before those servants of God and proclaim to them the wonder and majesty, the glory and power, the faithfulness and love of our God. Within a half hour or so, I did have that privilege and God empowered and anointed me for the occasion in a most unusual and marvelous way.

Bible Reading:Isaiah 40:25-29

Today’s Action Point: As I discover a need for renewed strength today, I will say with the psalmist, “I will go in the strength of the Lord God” (Psalm 71:16a, KJV). I will repeat that solemn declaration throughout the day, and by faith will claim His supernatural strength for my every physical and spiritual need.

 

http://www.cru.org