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Senator Elizabeth Warren Takes Shots at former VP Joe Biden, Team Trump Supporters Ponder Improving Economy

May 17th, 2019 Comments off

 

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Still from video, further below. The consumer sentiment index is the best since 2004.

When consumer confidence goes up, more homes should be sold.  When jobs are plentiful, more homes should be sold. We’ll turn to that part of the report, further below. But first, an update on 2020 as viewed from MHVille.

 

In an email to MHProNews, the Warren 2020 campaign made some of the following claims.

No billionaire to fund a Super PAC. No money from federally registered lobbyists or PACs of any kind. And no closed-door fundraisers for the ultra-rich.”

These are thinly veiled shots at the Democratic front runner, former Vice President Joe Biden.

MHLivingNews and MHProNews have highlighted Warren’s strong antitrust stance.  What she will actually do given the opportunity is perhaps another question.  On housing policies, she has advanced positions that arguably would undermine manufactured housing interests.

Polling suggests that Joe Biden has a double-digit lead over number two Democratic presidential nomination contender, Senator Bernie Sanders.  Warren is third in a field with about 20 other Democrats.

Billionaire Mark Cuban, a Democratic supporter who has toyed with running himself for some time, recently said that none of the Democratic nominees can be President Donald J. Trump. And Cuban has not been a POTUS Trump fan.  Current polling disagrees with Cuban, which says that Biden could beat POTUS Trump.  But then polls on election day 2016 predicted Secretary of State Hillary Clinton would be in the White House.  The polls were clearly wrong.

It has been silent of late from Howard Schultz, but there are still rumblings that he will formerly announce an independent run.  The wide rifts in the Democratic party may give him room to do so.  The most common theme that Democrats seem to have is opposition to President Trump.  That said, a new candidate, Ami Horowitz, pledges to bring the Democratic Party back to more centrist policies.

 

 

Which brings us to the latest economic confidence.

Per left-of-center CNBC:

  • The University of Michigan’s preliminary print on its consumer sentiment index rose to 102.4, up from 97.2 in April and well ahead of expectations.
  • Consumers viewed prospects for the overall economy much more favorably, with the economic outlook for the near and longer term reaching their highest levels since 2004,” says Richard Curtin, chief economist for the Surveys of Consumers.
  • The optimistic consumer outlook was mostly recorded before U.S.-China trade deliberations soured earlier this month.

 

 

The unemployment picture is the rosiest in decades.  Other economic indicators, including housing starts, are rising.

These bode well for the Trump 2020 campaign on paper, but then no president has had as much negative media in the 21st century as this one has.  So we’ll watch how that plays out.

 

 

That said, what’s arguably apparent is that mainstream housing and other parts of the economy are chugging along at the best clip in years.

So, given the well-known need for affordable housing, why isn’t manufactured housing soaring too? To get a better handle on that question, see the related reports, further below.

That’s our closing episode today for manufactured housing “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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