The 2019 Economic Report of the President was released by the Council of Economic Advisors (CEA) on March 19. As highlighted by SBE Council president & CEO Karen Kerrigan in a Small Business Insider blog post: “This year’s edition is replete with compelling data and charts that demonstrate the strength of the U.S. economy, along with indicators and trends that point to future growth.”
The trends and numbers show healthy levels of private investment, wage growth, new job growth, an uptick in new business creation, more people re-entering the labor market, and U.S. energy dominance, among other important developments for the economy.
The report also includes a chapter on the dangers of socialism. Chapter 8, “Market vs. Socialism,” is excellent. It’s great to see CEA Chairman Kevin Hassett and his team standing up to the socialists and defending the undeniable superiority of America’s free enterprise system.