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President Trump’s approval rating on the economy has soared to an all-time high, according to a CNN poll released on Thursday.

In the survey, 56 percent said they approve of the way Trump in handling of the economy, compared with 41 percent who disapproved. Trump has consistently been in the mid-40s and low 50s throughout his term, but the 56 percent rating is a new high.

“Here’s is the Trump card for the president: 56 percent of Americans approve how he’s handling the economy,” gushed CNN’s political director David Chalian in a report about the poll. “This is the highest number we’ve ever seen in CNN polling. … That 56 percent, if you stack it up historically, it’s the high-water mark in the entirety of the Trump presidency in CNN polling.

“As you know — James Carville made famous — ‘it’s the economy, stupid.’ We know the sensibility about the economy heading into an election matters a ton,” Chalian said.

The numbers were high, even though the methodology said that of the 1,007 people surveyed, “33% described themselves as Democrats, 26% described themselves as Republicans, and 41% described themselves as independents or members of another party.”

Meanwhile, as CNN hit new lows in its ratings, another poll released on Wednesday showed Trump’s overall approval rating has hit the highest level in two years, at 43 percent. That rating is the highest since an April 2017 CNN poll, which came about 100 days mark of his presidency.

On Monday, Trump wrote on Twitter that yet another poll had good news as well. “Gallup Poll: 56% of Americans rate their financial situation as excellent or good. This is the highest number since 2002, and up 10 points since 2016.

“A majority of Americans, 56%, rate their current financial situation as ‘excellent’ (12%) or ‘good’ (44%), while 29% rate it as ‘only fair’ and 15% as ‘poor.’ This overall positive rating has increased 10 percentage points since 2015 and is currently the highest since 2002, though it is statistically unchanged since last year. Likewise, the 57% of Americans who now say their overall financial situation is getting better has risen 10 points since 2016 and is at its highest numerical point since 2002,” Gallup wrote.

Asked about the new numbers, White House acting chief of staff Mick Mulvaney also quoted Carville, the top architect of Bill Clinton’s victory in 1992.

“You hate to sound like a cliché, but are you better off than you were four years ago? It’s pretty simple, right? It’s the economy, stupid. I think that’s easy. People will vote for somebody they don’t like if they think it’s good for them,” Mulvaney said.

As Trump’s numbers go up, CNN’s numbers go down. The liberal network’s prime-time ratings plunged 26 percent in April, compared to 2018. MSNBC’s ratings, meanwhile, fell 14 percent compared to last year.
According to Nielsen Media Research’s ratings, CNN suffered its lowest-rated month in viewers since October 2015. CNN had just 767,000 average primetime viewers, down from 1.04 million in April 2018. “In the 25- to 54-year-old demographic that advertisers covet most, it was the network’s least-watched month since Aug. 2015,” The Hill reported.

In prime time, Fox News beat CNN and MSNBC for the 208th month in a row. MNSBC had double the viewership of CNN — and Fox News tripled CNN total viewers.

Author: Joseph Curl

Source: Thegatewaypundit: CNN GUSHES: Trump’s Approval Rating On Economy ‘Highest Number We’ve Ever Seen ’

Sen. Elizabeth Warren wants to use taxpayer money to “cancel” hundreds of billions of dollars in student-loan debt and offer debt-free college for millions more, which would cost $1.25 trillion over the next decade.

In a blog post on Medium, the Massachusetts Democrat said the “huge student loan debt burden” is “crushing millions of families and acting as an anchor on our economy. It’s reducing home ownership rates. It’s leading fewer people to start businesses. It’s forcing students to drop out of school before getting a degree. It’s a problem for all of us.”

The first step in addressing this crisis is to deal head-on with the outstanding debt that is weighing down millions of families and should never have been required in the first place. That’s why I’m calling for something truly transformational — the cancellation of up to $50,000 in student loan debt for 42 million Americans.

My plan for broad student debt cancellation will:

Cancel debt for more than 95% of the nearly 45 million Americans with student loan debt;

Wipe out student loan debt entirely for more than 75% of the Americans with that debt;

Substantially increase wealth for Black and Latinx families and reduce both the Black-White and Latinx-White wealth gaps; and

Provide an enormous middle-class stimulus that will boost economic growth, increase home purchases, and fuel a new wave of small business formation.

“Experts estimate my debt cancellation plan creates a one-time cost to the government of $640 billion. The Universal Free College program brings the total cost of the program to roughly $1.25 trillion over ten years,” Warren wrote.

But Warren says “the actual costs of these new ideas are likely to be even less than that,” and claims “we can fully cover the cost of these ideas with revenue from my Ultra-Millionaire Tax on the wealthiest 75,000 families in the country — those with fortunes of $50 million or more.”

The Wall Street Journal reported that would entail “an annual 2% levy on wealth above $50 million and an additional 1% tax on wealth above $1 billion.”

The senator, who is running for president in 2020, also proposes using $50 billion in taxpayer funds for historically black colleges and universities, known as HBCUs. And she wants to “prohibit public colleges from considering citizenship status” when making admissions decisions.

In addition, Warren wants to phase out federal money that now goes to for-profit schools. “After an appropriate transition period, ban for-profit colleges from receiving any federal dollars (including military benefits and federal student loans), so they can no longer use taxpayer dollars to enrich themselves while targeting lower-income students, servicemembers, and students of color and leaving them saddled with debt,” she wrote.

Student loan debt has more than doubled over the last 10 years to $1.5 trillion, and some economic experts say that is driving the declining home ownership rates among young adults.

Author: Joseph Curl

Source: Dailywire: $1.25 TRILLION: Sen. Elizabeth Warren Proposes Using Taxpayer Money To Pay Student Debt

For the first time in 75 years, the United States exported more oil than it imported, carrying out a pledge from President Trump that America can achieve “energy independence.”

While the U.S. has been a net oil importer since 1949, over the final week of November, U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd) — which means America exported more than it imported, according to data from U.S. Energy Information and Administration.

Oil production has been booming in the U.S. as the shale revolution swept the nation. America is now the world’s largest producer of petroleum, passing Russia and Saudi Arabia. As the U.S. oil boom spread, the power of OPEC was reduced and gas prices in the U.S. have dropped from the $4+ highs under former president Barack Obama.

Net imports peaked in 2005, topping 14 million bpd, but in the last few months, the U.S. has imported an average of 2 million bpd. U.S. production has more than doubled since 2012 because of the new technologies for extracting oil.

“U.S. crude exports are poised to rise even further, with new pipelines from the Permian in the works and at least nine terminals planned that will be capable of loading supertankers,” Bloomberg reports. “The only facility currently able to load the largest ships, the Louisiana Offshore Oil Port, is on pace to load more oil in December than it has in any other month.”

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania. …

The massive Permian may be even bigger than previously thought. The Delaware Basin, the less drilled part of the field, holds more than twice the amount of crude as its sister, the Midland Basin, the U.S. Geological Service said Thursday.

Meanwhile, the International Energy Agency said in its latest World Energy Outlook “that the United States will be the biggest contributor to the oil market, accounting for almost 75 percent of global oil production growth in the period to 2040,” Epoch Times reported.

The news about the United States becoming a net oil exporter was largely ignored last week, as markets were obsessed with the OPEC meeting in Vienna.

“While there is so much focus on the drama in the OPEC cartel, the real historic news that went unnoticed was that the United States last week exported more crude oil and fuel than it imported for the first time on record,” Phil Flynn, analyst at Price Futures Group in Chicago, wrote in an email.

OPEC, the massive oil cartel in the Middle East, voted Friday to cut oil output by 1.2 million bpd for the first six months of 2019. The move is an effort to push prices up.

Trump, though, called on OPEC and Saudi Arabia not to restrict oil production. “Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!” he wrote on Twitter last Wednesday.

Author: JOSEPH CURL

Source: Dailywire: GOOD TRUMP: U.S. Ends Reliance On Foreign Oil For First Time In 75 Years

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