Its a great day to be alive. Here at the Heritage Foundation i am so pleased to be able to introduce our speaker. From School Shootings and declining sunday attendance. Hyper partisanship and politics. And its tempting to turn off the tv to adopt the benedict option. That isnt what we are about here. That isnt the american way. He never surrendered without and despair even in a time of war or economic or cultural crisis americans have always risen to any challenge in our lives, liberty and happiness. Always there have arise had aria time of crisis men and women who call for the best in us into such a president ial individual is our guest today. Its not only my opinion, and ive known him for quite a few years, but that of National Leaders like the founder of the Alliance Defending freedom to former attorney general in there about American Restoration of faith, family and personal sacrifice can heal our nation. Jim and his coauthor explain how you and i can restore the first principle of
You can also open some questions. From a timing standpoint economically, i think its an interesting time. We had jackson hole, Second Quarter gdp numbers looking a little better so thats great. From a human and social perspective, its an unfortunate time in our sympathies and prayer go to the folks in houston. Get right into it. We will talk to the domestic economy and the Global Economy. Lets start off with u. S. Economy. Where do we stand right now whats the outlook for the next three to five years. First quarter gdp was 1. 2 . Second quarter was 1. 3 . For the year 2017, u. S. Economy should grow approximately two and a quarter percent. Its not great by historical standards but certainly sufficient in our view to further take slack out of the labor market, drive down the on employment rate and other measures of employment slack. We can talk about that there are a number of reasons why gdp growth is more sluggish now than it was ten years ago or 15 years ago and the number one reason
6 million over the last two years. The number of people in poverty decreased from 2015. Adults 65 and older are the only group to see an increase. Poverty, theo u. S. Rates were under 10 representing about one million families, declined from 10. 5 or 8. 6 million families in 2018. Robert rector, what do these numbers tell you. Tell you in regards to poverty . They are misleading. You have to understand the welfare state is not counted in these numbers. Example, last year we spent about 360 billion for writing cache food and housing to lowincome houses with children, twice the amount needed to raise every Single Family out of poverty, but when the senses goes to count if the family is poor, it excludes almost every single time of welfare spending. If you count the welfare state, what you find this rather than having 40 Million People in poverty, it is closer to Something Like 17 million or 18 million. It cuts it in half, and that is a good thing, but we need to be honest and we need to
You, beginning today. More reaction overnight following the latest missile test from north korea. In london, Scotland Yard investigating what they are calling a terrorist incident at a train station this morning. For the next hour, your calls on the apparent agreement between the present and congressional president and Congressional Democrats on the daca deal for socalled dreamers. We want to hear only from Trump Supporters for the next hour. If you voted from the president , what do you think about this agreement . 202 7488000 if you live in eastern or central times on. 202 7488001 if you live in mountain or pacific time zone spirit trapped voters only for the first out time zone. Trump voters only for the first hour. Good friday morning. Thanks for being with us. Other news at the top of the hour, from the bbc, and explosion in southwest london being treated as an act of terrorism by Scotland Yard. That took place at about 8 20 local time outside of london. Fire inside a on supermark
Income. We will get the calls and comments in a moments. We want to welcome olivia golden, the executive director for law and social policy and Robert Rector, a Senior Research fellow focusing on domestic policy. Let me go through highlights. First, property is lowered them before the 2008 recession. The rate is 12. 7 , down from 13. 5 a couple of years ago. 2. 5 Million People no longer in poverty from last year and about 6 million over the last two years. The number of people in poverty decreased from 2015. Adults 65 and older are the only group to see an increase. Poverty, theo u. S. Rates were under 10 representing about one million families, declined from 10. 5 or 8. 6 million families in 2018. Robert rector, what do these numbers tell you. Tell you in regards to poverty . They are misleading. You have to understand the welfare state is not counted in these numbers. Example, last year we spent about 360 billion for writing cache food and housing to lowincome houses with children,