U.S. construction spending rose more than expected in November, reaching its highest level in 10-1/2 years, which could provide a lift to fourth-quarter economic growth.
The Commerce Department said on Tuesday that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006. It was boosted by gains in both private and public sector investment.I'm sure that Democrats are saying, "This would have happened if we had won!"
One of Reagan's first executive orders was decontrolling oil and gas prices. Within a few months, increased production drove down prices. Carter's VP Mondale later claimed that he could have presided over a booming economy with lower oil prices. No causality awareness.
1/3/17 Bloomberg News:
Ford is scrapping its plans for a new $1.6 billion plant in San Luis Potosi, Mexico, and will invest $700 million in the expansion of the Flat Rock, Michigan plant, Bloomberg News reports.But who cares? This is probably jobs for deplorables.
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