Trump Economy Booming And Setting Records

You will never see on CNN, ABC, NBC or any other liberal news outlet how well the economy is doing under President Trump. So here is the latest from a variety of sources such as the Associated Press and Bloomberg Report.

The February job report shattered all expectations. It was estimated job growth would be around the 200,000 level for nonfarm jobs. The Labor Department announced there were 313,000 jobs created in February.

“The total counted as ‘employed’ in the household survey surged by 785,000 to a record 155.2 million.” Another record for the Trump economy! The breakdown of jobs was “Construction jobs led the way, with 61,000 new positions, followed by retail and professional and business services (50,000 apiece), manufacturing (31,000) and financial activities (28,000). Health care added 19,000 while mining saw 9,000 new jobs.”

Now this is just the latest in a growth string that constitutes the Trump Boom. CNBC reported “In addition to the big job growth, previous months’ counts were revised substantially higher. December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. That brings the three-month average to 242,000.” In the same report Jeff Cox wrote that Greg Peters, senior investment officer at PGIM Fixed Income, stated “The underlying economic growth is quite strong, but there’s no real pressures from a wages and inflation standpoint.”

Sho Chandra in a Bloomberg article had this quote from Carl Riccadonna of Bloomberg Economics, “The jobs report shows healthy economic conditions at the start of the year, as reflected in both the magnitude of gains as well as the healthy dispersion of job creation. The rebound in the workweek and solid payroll print provide strong indications that the economy is poised to buck the trend of recent years, whereby GDP growth was soft in the first quarter, rebounded in the second quarter and leveled out in the second half — a pattern economists call ‘residual seasonality.’”

The Bloomberg Report furthermore had this forecast by Dirk Chlench, head of bond research at Landesbank Baden-Wuerttemberg, “The upturn in the U.S. labor market will continue, with the effect of the tax reform, the weak U.S. dollar, interest rates are still low, and I expect more investment.”  So there is an expectation that this is the beginning of an upward economic turn.

Trump promised millions of jobs with his policies and he is making good on his promises with sound tax cuts and deregulation. Contrary to Obama supporters who claim this is part of a trend begun by Obama economic experts clearly and unquestionably credit Trump with the surge in the economy.  Obama and the Democrats had eight years to build the economy. Government statistics irrefutably establish that Obama’s policies grew the economy at a snail’s pace. Growth on average was only 1.6% over eight years and never ever got to 3%GDP.

When you look at the records achieved by Trump in one year, you know why liberals are spewing venom at him.  He is making fools of their policies and politicians. They want to break his momentum by gaining seats in Congress in 2018.

Only the delusional ignorant liberals would vote to thwart his policies and drag the economy down. Why would anybody who can reason and use common sense vote to halt prosperity? Prosperity helps all Americans. But wait, liberal Democrats prefer to help the illegal aliens rather than Americans. Some Hispanics are waking up to the fact that Trump offered a path to permanent citizenship to “Dreamers” but Democrats rejected his very generous offer.  Why? The Democratic Party’s issue for the 2018 election is the “Dreamers” issue. They need to keep the issue alive because they have nothing else to offer voters.  So don’t be surprised if the 2018 elections run counter to past trends and the Republicans win more seats in Congress.

Note: Items in bold print were made by me for emphasis.

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About camden41

Retired public school administrator Retired history professor: Taught Western Civilization, American Civil War, United States History, Economic History, Ancient & Medieval Foundations, American History Since 1945
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