Posted on 10/21/2017 9:05:19 AM PDT by 2ndDivisionVet
After crossing the 23,000 line this week, the Dow is up nearly 5,000 points, or about 27 percent, since Election Day. It wouldn’t be there under a President Hillary Clinton or a Jeb Bush.
No: Much of the credit has to go to the uncompromisingly pro-business President Trump — the antithesis of what the nation had seen the prior eight years.
Nor is it just the stock market: Consumer confidence and economic optimism are up. And the Labor Department reports that claims for unemployment just dropped by 22,000 to 222,000 — the fewest since March 1973.
And while, as Charles Gasparino noted in Friday’s Post, a crashing failure on tax reform could shock the markets, the boom isn’t simply about hopes for tax cuts. It’s based on real White House work in rolling back regulation, and the promise of more ahead.
Indeed, Trump has been more aggressive on deregulation than any president since Ronald Reagan. By July, the White House said it had stopped more than 800 Obama-era regulations that were in the works. And it doesn’t seem to be letting up.....
(Excerpt) Read more at nypost.com ...
PFffft. The crowd here was the same screaming ‘blowing smoke’ under Zero and the QEs.
The difference now?? (R) President...tune turns 180 degrees.
The *ONLY* reason for the ‘gains’ are the HOPE the regs\taxes\rules\govt-boot-on-neck eases up. Eddie Munster & McStrotum pull their usual, the correct will be swift and brutal.
Play games with funny money...
What is soros’ age and does he have progeny that plan to torture us in the future
“And while, as Charles Gasparino noted in Friday’s Post, a crashing failure on tax reform could shock the markets, the boom isn’t simply about hopes for tax cuts.”
Gasparino is a never Trumper! As a consequence, for me his a never to be watched!
No, but sometimes some people round here need the slave riding behind Caesar saying, “You are not a god...only a man” as they enter Rome.
The markets appear good, but who knows what lay ahead of us.
Old and , yes.
Edleson lives.
He’s in his 80’s and also has sons. They’re a breathing example of a reason to make some sort of exception to the “bills of attainder” prohibition in the constitution...
That's a rather pointless statement. How would it be possible for him not to "own" it either way?
oh nooooo,
If you ask him, the magic negro will insist this booming is a result of his policies finally after 8 years of stagnation coming to fruition.,
WINNING!
I tend to agree with you.
That said, thus far the complete opposite seems to be taking place.
And if there are no Democrats in power to credit or no Republicans in power to blame - well then, there’s no story.
I’ve posted on other threads that companies’ stocks always soar when they cut American workers; we’re at a point now where the stock markets’ performance may actually be inversely related to the fortunes of American workers.
On top of that dynamic, today’s companies are so intertwined with foreign economies that every “American” company has a lot of overseas exposure built into the price. Every company can look great if it trades American workers and the related costs for Asian coolies at $.25 per day.
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