Posted on 03/11/2017 11:40:18 AM PST by Hojczyk
So does President Trump deserve credit for these recent upbeat results or is this just economy finally getting over the Great Recession? Normally, we'd say no to the former, since Trump has yet to enact his economic agenda.
But in this case, Trump's pro-growth agenda marks a dramatic turnaround from the Obama years. And as a direct result, a multitude of surveys have shown a huge increase in optimism among business owners, investors, and the public at large. The National Federation of Independent Business' small business optimism index hit a 12-year high in January. The IBD/TIPP Economic Optimism Index was the highest it's been since October 2004. The Dow has gained nearly 17% since the November elections.
This sudden change of heart appears to be having an immediate impact on the economy. The unexpected rise in home sales, for example, is being driven in part by "a postelection jump in mortgage rates, led by optimism about President Donald Trump's plans to ease regulations and spur economic growth," noted Crain's Business. The jump in capital goods orders "is a sign that businesses might be following up buoyant postelection sentiment by spending more after years of tepid global growth," according to Bloomberg.
Whether this will last depends on whether Trump gets his economic policies in place.
In the meantime, it's worth asking why it is that economists consistently overestimated the economic impact of Obama's tax-regulate-and-spend policies, and now appear to be underestimating Trump's pro-business agenda.
(Excerpt) Read more at investors.com ...
I expect lots of “unexpected” or some form of that to be in every MSM article News cast for the next eight years...
Since they wake up every day and think Trump will finally fail that day, every win is unexpected...
Funny, during the Obama admin, they kept “unexpectedly” failing to meet forecasts.
Nothing to do with Trump. Obama timed it to take off when he thought Hillary would take office.
*fake news*
Ping
Its impossible to imagine just how sick of the Marxist Muslim in the White House that American business had become.
Hasn’t topped my forecasts! I knew that Trump’s election should set off rounds of optimism and higher expectations even before he had time to enact his agenda.
File that with “We can’t drill our way out of energy shortages.”
I'm an optimistic business owner, and I was so, even before the Trump Effect began to show up in real, quantifiable statistical increases.
I will say, though, that the sudden uptick in business for us, has given me enough confidence to invest in expansion for the first time in over a decade.
For eight years, during the Obama admin, they kept “unexpectedly” failing to meet forecasts.
Great montage!
File that with “We can’t drill our way out of energy shortages.”
Since they wake up every day and think Trump will finally fail that day, every win is unexpected...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.