In the short term, that socialist approach was good for U.S. business as it allowed them to move most of their labor overseas where they could take advantage of low labor costs in other socialist nations.
But with socialism, we eventually reach the point where we run out of other people's money. The well become dry.
Donald Trump not only was a businessman who loves our country but he also pretty much stuck to his promises. He is creating a business climate that encourages businesses to start moving the labor back here - by way of reducing the corporate tax burden and removing onerous regulations.
Donald Trump is not out to reduce the United States to a third world nation by raping the producers and enslaving the people to poverty and despair. To readers of Ayn Rand, we were headed to a society as described in "Atlas Shrugged". That book had a rather depressing ending as all the producers that were left escaped to a secret community while the rest of the nation fell apart.
Imagine if in that book, Hank Rearden was able to get elected president and stop it all. We would have dismissed the story as being unbelievable. We would have scoffed at the plot, that some businessman could get himself elected president of the United States of America. It would have been so unrealistic!
Well, it actually happened after all. Not in some book but in real life.
Thanks D1, well said!
I want to thank President Trump as well.
The secret is out. Please don’t contact me about ‘sex weeks’.
“:^)
The media have barely discussed the great economic news since Trump has been president.
DJIA just growing now after 10+ of stagnation.
Thank you, DoughtyOne, for keeping your eye on the ball. Hope you’re doing well.
Hello, my brother...
That is amazing news. Happy 2018, MAGA!
GDP during the Obama “recovery” averaged 2%. Half of the average recovery, 1/4 the Reagan recovery. We are not seeing a bubble now, we are seeing a return to “average”, which will be followed by “better than average”. Thanks to increased GDP and the Tax Bill bringing $ trillions of “repatriated” money we will see our first Trump surplus. In a year long term interest rates could be 1 percent higher. This could depress the market value of outstanding 30 US Treasuries dramatically, allowing us to retire some at a deep discount. If this happens even a little bit...Katie bar the door. Dow 40,000.
What happens when markets get oversold? Investors buy up shares in those companies soon afterward. While I can't point to a thing that Obama did to help, the markets did stabilize in the year following his inauguration. This led to a normalization of the markets, and it resulted in big gains in 2009. If you stayed invested, you likely made the majority of your losses back, and then some.
That one year contributed greatly to "stock market gains under Obama," and skewed his overall numbers. If you look at late 2013 through Election Day 2016, the markets were generally flat. Liberals either aren't aware of this (highly likely), or simply choose to cherry-pick. Regardless, we likely would've maintained that stagnation under a Hillary Presidency, though her favorite sectors might've benefited from favoritism in policies.
I'm to the point in my 401(k) where a good day can shoot my balance up thousands at a time, and I'm starting to shift my allocation to a slightly more conservative mix. Definitely enjoying this winning!
bkmk
The ETF "MAGA" doing quite well...also KOL (coal)