Posted on 07/22/2017 6:45:43 AM PDT by Enlightened1
In an op-ed on his Fox Business show Thursday, host Stuart Varney made the case of how President Donald Trump has made the U.S. richer while only being in office for six months.
Despite the negative media coverage, Varney says investors look forward to what the current administration can continue to do:
Look at this: Since his election win, the Trump rally has added $4.1 trillion to the nation's wealth. Anyone with a 401k, an IRA, college savings, retirement savings, mutual funds. Anyone with a dime in the market has taken a piece of that $4 trillion.
Also, during this presidency, five American companies have emerged as global technology leaders. You know their names: Apple, Amazon, Alphabet, Microsoft and Facebook. It’s a technology world, and American companies have seized the future.
(Excerpt) Read more at ijr.com ...
Yes but the stock market goes up and it goes down. I would not be surprised if there is a correction over the next 3-1/2 years. I would not want to make that the measure of Trump’s success.
What if he makes us another 4 trillion? Could go up more by then too.
wet blanket
USA will own the energy, chemical,LNG and petrochemical industries also
Good post...but missing something of significance long term:
Low energy cost and abundant supplies of oil and gas
Feedstock for various petrochemicals, agrochemicals industries.
The USA will end up owning big chunks of these industries
Thursday, 9 Mar 2017 | 10:24 AM ET...CNBC
The U.S. is expected to see a wave of petrochemical plant openings between now and next year. Those plants represent about $50 billion of $160 billion in manufacturing investment earmarked by the industry since 2012, according to James Fitterling, president and COO of Dow Chemical. Among them are several big ethylene plants, including one expected to be opened by Dow in Freeport, Texas, in the second quarter.
"It's about 1.5 million tons of new capacity for us. It will be up in the second quarter sometime," said Fitterling, speaking in Houston at the CERAWeek conference, sponsored by IHS Markit. He said Dow also opened a billion-dollar propane dehydrogenation plant in Freeport at the end of 2015. "That was the first megaproject we've done on the Gulf Coast for quite some time."
Exxon Mobil this week announced a $20 billion spending program to expand its manufacturing capacity along the Gulf Coast, including some previously announced investment. The announcement came at CERAWeek.
Industry executives say this is the first big wave of chemical plant construction in decades.
President Donald J. Trump tweeted congratulations on Exxon's investment and promise of jobs. But the petrochemical renaissance has been building for several years. Trump's policy may unleash more if it results in the creation of pipelines and other infrastructure.
"The U.S. has gone from a shale gas boom to a petrochemical boom," said Scott Sheffield, CEO of Pioneer Natural Resources. While natural gas industry experts discussed the outlook for a long period of low gas prices at the conference, the petrochemical industry described what only can be viewed as a boom in an industry that had been declining in the United States.
Fitterling said there was a wave of plants that started construction back in the 2012 time frame, and between 2017 and 2018, there will be approximately $50 billion of that total $160 billion of capacity up and running. "These are all downstream petrochemical plants, including ethylene facilities, propylene facilities and all the downstream products associated with them. Another wave of plants — some that started and some that were a little bit delayed and slid out to the 2019 time frame — represent another $12 billion," Fitterling said. There are more than 20 big projects and other smaller ones, all which should be completed by 2023.
Another wave of new capacity is likely to be planned after that, Fitterling said. There are estimates that the current planned investment could generate 70,000 to 80,000 direct jobs
Just a little bit of the President Donald J. Trump leadership in MAGA.
I love Trump and I despise professional politicians
WINNING !! !! Yet how much of that $4T has been plowed back into the means of production so that this newly generated wealth can trickle down to middle America? It is going to take tax cuts and tax reform to make that wealth stick.
The next step would be interest on FDIC savings of at least 4%. Otherwise, almost everyone retiring will be poor and there will be no way to revive the middle class.
Besides that, for retirees who still have savings, the interest they receive would go close to 100% into the economy. And these are folks likely to "buy American" and to spend locally.
Another thing: I'd gladly wager that the real Social Security COLA will be a good boost for local economies.
This is one of those stories where your common sense should veto what you want to believe.
Good Lord, it must really hurt your guys to give our President any credit.
Stuart Varney: Trump Has Already Made ‘America $4 Trillion Richer’ in Just 6 Months
IPJ ^ | 07/22/17 | Julio Rosas
Posted on 7/22/2017, 6:45:43 AM by Enlightened1
In an op-ed on his Fox Business show Thursday, host Stuart Varney made the case of how President Donald Trump has made the U.S. richer while only being in office for six months.
Despite the negative media coverage, Varney says investors look forward to what the current administration can continue to do:
Look at this: Since his election win, the Trump rally has added $4.1 trillion to the nation’s wealth. Anyone with a 401k, an IRA, college savings, retirement savings, mutual funds. Anyone with a dime in the market has taken a piece of that $4 trillion.
Also, during this presidency, five American companies have emerged as global technology leaders. You know their names: Apple, Amazon, Alphabet, Microsoft and Facebook. It’s a technology world, and American companies have seized the future.
http://freerepublic.com/focus/f-news/3571125/posts
Boom: Mining +21.6% in Q1; Construction +5.6%; Manufacturing +4.7%; Bust: Finance -2.1%
CNS News ^ | July 21, 2017 | Terence P. Jeffrey
Posted on 7/21/2017, 9:49:26 PM by 2ndDivisionVet
The real value added to the U.S economy by the mining, construction and manufacturing sectors boomed in the first quarter of 2017, while the real value added by the financial and insurance sector dropped, according to data released today by the Bureau of Economic Analysis.
Overall, the U.S. economy grew at an annual pace of only 1.4 percent in the first quarter. But the value added by mining grew by a booming annual rate of 21.6 percent, while construction grew 5.6 percent and manufacturing grew 4.7%.....
(Excerpt) Read more at cnsnews.com …
Just a little bit of the President Donald J. Trump leadership in MAGA.
Thanks for your great reply!
MAGA and $crew the anti Trumpster here, in America and around the world.
I've been told by our sales reps, though, that sales are off rather sharply for other their companies in heavily Democrat areas due to reduced consumer confidence. Their party leadership's "World is Ending!" rhetoric is damaging the quality of life in their own districts - as it replaces the notion that as long as Obama was at the helm, the world was safe for every marginal character who wanted a free ride. :)
Nothing happens overnight except procreation, and the movement of shifts in the political and business world are lumbering controlled falls.
Probably the most admirable quality about President Trump is his ability to ride out any negativity until the fact of his correctness is manifested.
One more year of this and the entire concept of "the left" will become as scarce as polio in the modern world of medicine.
I love listening to the list of his accomplishments to make America great again on the news reports.
Said no one ever.
No amount of resume sending, networking and the like got me anywhere for two months.
By some strange coincidence, not long after Trump was elected, I finally scored my first interview and then another and another.
Long story short, I not only defied the odds of 60 something professionals getting another job, but another job which paid better, gave me a private office, more responsibility and two large computer screens where I used to have one. Best of all, the poisonous PC atmosphere is gone and the crooked PC boss has been replaced by an honest professional.
The former company had to hire two people to take my place and demoted the crooked ex-boss so he is no longer in charge of my former department. They've lost a number of people since and have had to hire from the outside to replace them, often at higher prices and even some from the same age bracket because they couldn't find competent younger help.
“I’ve been told by our sales reps, though, that sales are off rather sharply for other their companies in heavily Democrat areas due to reduced consumer confidence. Their party leadership’s “World is Ending!” rhetoric is damaging the quality of life in their own districts - as it replaces the notion that as long as Obama was at the helm, the world was safe for every marginal character who wanted a free ride. :)”
I have posted before how my wife and I, in our late 70’s have been getting job offers, when we go shopping and from some of the younger relatives of our friends with businesses.
Our younger relatives with great job skills and excellent work habits are getting rewarded with higher wages and extra benefits like more time off (they are the exempt people).
Our local unemployment rate is below 4% and since Trump won the first time, last November has been on a downward side with more jobs than good applicants.
How do I access my dividend?
Is that from just removing the Obama Garbage ?LOL
Thank You, Jesus.
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