On January 16, 2018, the DOW Jones set another record by surpassing 26,000. Meaning, a 1,000 point jump in just seven days.
President Trump’s economy is flourishing.
Economists agree: former President Barack Obama is not responsible for anything good economically – despite what many lefties in the press want the uninformed to believe.
From The Daily Wire:
The Wall Street Journal asked 68 economists spread across academia and throughout the business world who was responsible for the booming economy, and, “happily for President Trump, the pros agree with him,” The Hill reported. “A recent survey of economists suggest it is President Trump, and not Obama, who should be taking a bow.”
Key takeaways from the report:
-Most of the economists said Trump was “‘somewhat’ or ‘strongly’ positive for job creation, gross domestic product growth and the rising stock market.”
-The experts said Trump’s decision to cut regulations and cut taxes were a major factor.
-The group gave Obama “neutral-to-negative for GDP growth and negative for long-term growth,” while scoring Trump as “neutral to positive for long-term gains.”
-The group of economists said Trump scores higher than Obama because business confidence is higher and business investments are increasing under Trump.
Daily Wire has more on 45’s economic accomplishments:
2. Job Creation In December Smashed Expectations
Companies hired 250,000 new workers in December which smashed Wall Street projections that forecasted only 190,000 new jobs.
3. Job-Cut Announcements In 2017 See Lowest Level Since 1990
On Thursday, CNBC reported: “U.S. employers announced plans to cut 32,423 jobs in December, bringing the year’s total to a low not seen since 1990”
4. Manufacturing In The U.S. Had Its Best Year In 2017 Since 2004
On Wednesday, Bloomberg reported: “U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004.”
More on Trump earning ‘high marks,’ per CNBC:
Those efforts in making the U.S. a more business-friendly economy, which include the recently passed tax reform, are often under-appreciated, said Mike Ryan, UBS Wealth Management’s chief investment officer for Americas. But the president has “changed the perception of what’s possible in Washington,” he said at the bank’s client gathering in Singapore.
“I think prior to his election, the prospects of tax reform, of regulatory relief, or any sort of sensible approach to infrastructure were off the table,” said Ryan, who added that Trump defied those expectations by getting the new tax bill passed.
The president deserves “high marks” for his economic achievements so far, Ryan added.
While Trump’s promise of a border wall may not have come to fruition just yet, he kept his word on reviving America’s economy.
No more Obama nonsense.
[Note: This post was written by John S. Roberts]