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| Economy |
| Why Americans should thank President Trump. |
| 2018-02-20 |
| [American Spectator] I did not support Donald Trump for president. I recall arguing with some of my pro-Trump Consumer Technology Association (CTA) board members in 2016 ‐ smart business leaders who were convinced that as president, Trump would drive U.S. economic growth. I was skeptical and focused on Trump’s personal, divisive attacks. But within hours of Trump winning the election and the Republicans holding on to the Senate, I went on record saying Trump would grow the economy by "knowing when to step back, cut burdensome rules and let businesses innovate and thrive." I also believed ‐ correctly ‐ that he would view the stock market as a "real-time measure of his economic success." Since then, I have remained bullish, based on a growing global economy and the actionable steps President Trump has taken to make the U.S. economy better. President Trump’s plan is working. Despite recent stock market volatility, the economy is strong and the stock market has experienced growth. During President Trump’s first year in office, the Dow Jones Industrial average gained 31 percent and the S&P 500 grew 23 percent. Unemployment is down to 4.1 percent. The number of Americans working full-time has grown to a record 154 million, and we just added 200,000 jobs in January. Consumer confidence is high. Inflation and gas prices remain low. It is a commonly held belief in Washington that the president gets too much blame and too much credit for the health of the economy. But in this case, I believe President Trump deserves much of the credit for the nation’s economic success. Here’s why: |
| Posted by:Besoeker |
| #3 I’m waiting for Soros and the globalists to kill the market at the opportune moment. September, say. |
| Posted by: KBK 2018-02-20 22:19 |
| #2 Wall street traders generally make money on the up and the down as they get a slice of each trade. Plus, zero bailed them out when they got themselves in trouble in 2007-8 so naturally they were loyal. Wallstreet is not the entire economy. |
| Posted by: rjschwarz 2018-02-20 13:10 |
| #1 But beware the programmed traders and the market analysts with their algorithms. It is odd but all during those dismal economic years, Wall Street was in bed with Zero. And they gave millions to Shillary (the well connected, odious, malevolent, sadistic sociopath). I never understood why wall street would support a regime that wanted to clobber economic growth and promoted socialism? Anyway, all it takes is some of these Wall Street democrats to tweak a program trading methodology and send the market into a tailspin. I think the recent downturn was a sign of that but when several really astute market watchers called BS on their program trades they had to pull their horns in...now that the SEC is watching. |
| Posted by: Sock Puppet of Doom 2018-02-20 10:27 |