Posted on 10/07/2017 5:04:45 AM PDT by Kaslin
There's been a lot of negative stories in the news. Have you noticed?
America needs to heal. We have suffered four consecutive body blows in the past six weeks. Hurricane Harvey, Hurricane Irma, Hurricane Maria and now the Vegas mass murder. The media lives by the mantra “If it bleeds, it leads.” And they have served us nonstop headlines of crisis, death, and destruction.
But amidst all these negative headlines, we missed some remarkable positive economic news. What Vegas and America need now is some great news. The kind of news that makes you smile and pound your fist in the air. And I’ve got it.
At least IF you’re a Trump Fan. The rest of you might want to run and hide now.
Donald Trump has already produced arguably the greatest economic results in American history. You might have missed that in the media. But here are the facts.
First, Trump’s remarkable stock market performance. The DOW has risen almost 25% since Election Day. That’s an increase of over 4,300 points in about 11 months. That’s the biggest increase in that period of time in the history of the stock market.
The S&P 500 has passed $20 trillion in value for the first time in history.
President Trump is also the only President in history to oversee two nine-day or longer stock rallies (where new highs are reached each day). Included in that record is the 12-day rally ending on February 28th- matching the all-time record set by President Reagan in 1987.
Since the election of President Trump, the stock market has hit 63 closing highs, with 46 since Trump’s inauguration. On the other hand, Obama had exactly -0- stock market highs in his first four years in office.
In total President Trump has added over $5 trillion to the U.S. economy since his election. Remarkable. That’s called star power. That’s real hope and change.
A humble reminder- in previous RJ columns before the election, I predicted Trump would be our Reagan- the greatest economic president of our generation. As Mohammed Ali said, “It ‘aint bragging if you can back it up.”
But I’m just getting started.
Trump’s GDP. As I’ve always argued, GDP is a far more important economic indicator than the stock market. GDP is hard evidence of how “mom and pop” are doing on Main Street. Under Obama, America suffered the eight worst consecutive GDP years in history. Obama’s eight-year GDP average was 1.3%- the exact same GDP number as the period of the Great Depression.
According to the Bureau of Economic Analysis, U.S. GDP has now been adjusted to a remarkable 3.1% growth in the second quarter (Trump’s first full quarter as president). That’s almost THREE TIMES HIGHER than Obama’s average GDP over his two terms.
That grew our total U.S. GDP to almost $20 trillion- the highest GDP in history.
Trump’s jobs explosion. President Trump added 1.33 million jobs from January through September versus Obama’s record of losing 4.59 million jobs in that same first nine months. Remarkable.
But the latest jobs report just came out on Friday. According to the Bureau of Labor Household Survey, the number of employed Americans increased by an amazing 906,000 for the month of September. But that’s not even the highlight.
Remember that almost every single job created in eight years under Obama was a crappy, low-wage, part-time job. Well under President Trump last month, full-time jobs (the kind we all want and need) increased by 935,000- the most in one month in the 21st century.
It was also one of the four highest increases in American history.
And President Trump is doing it without spending record sums of taxpayer money. Trump added $400 billion (a two percent increase) to the US debt since January. In the same time period, President Obama added $1.3 trillion debt (a 12% increase). That’s almost $1 trillion more than Trump.
Yes, here in my hometown we are “VEGAS STRONG” in the face of tragedy. But starting spreading the news...
THIS ECONOMY IS "TRUMP STRONG."
Trump said he would Make America Great Again. He is well on his way.
I predicted that Donald Trump would be our Winston Churchill. Looks like he may also be our Ronald Reagan.
You said it, man. This market is manic. It’s fun pulling up the 401k balance, but....
We’re in that weird period we see every time there is a big surge in the markets. Giddy with success we are tempted to just let it ride, but the little voice of reason keeps whispering “this can’t continue”. Whether the Trump Market can continue depends on three things: (1) truly putting an end to the importation of economic parasites, i.e. build the damn wall, (2) ending Obamacare, and (3) a budget that actually cuts taxes and spending and doesn’t just redistribute wealth by giving with one hand and taking with the other. I think the dramatic market rise is based partly on the improving economy and partly on hope that the job killing Obamacare taxes and other taxes will be reduced. And I’m still wondering if I should get off this roller coaster before it peaks out.
Yes - the 401k is a blessed adventure these days!
I do love the “blessed 401K reviews” posts. Yet, FRiends were the 1st to post about ‘fake govt #’s’ and QE# propping up the stock market as fake gains?
Now, instead of QE, it’s the HOPE that rules/regs are reduced and tax breaks a-commeth. As before, and still, vaporware, but DAMN the tune sure has changed. Sunshine, rainbow and unicorns and Skittles again!
Damn, those (R)\knee-pad brigade members sure are Johnny-on-the-spot w/ fresh lipstick; and I thought the MSM vs. (D) were quick...
The PP 20-wk bill make it through the House and already some are screaming, “WINNING”. Hell, can we *NOT* wait ‘til the bill makes it THROUGH the chambers before the high-5s??
Trump bump
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