How Is He Doing?

Today The Gateway Pundit posted an evaluation of President Trump’s first five months in office. The evaluation will come as a shock to anyone who watches the mainstream media, but to those Americans who do their own research, the results are not surprising.

The article reports President Trump’s impact on the Stock Market:

* The DOW daily closing stock market average has risen 17% since the election on November 8th. (On November 9th the DOW closed at 18,332 – on June 16th the DOW closed at 21,384 for another all time record closing high).
* Since the Inauguration on January 20th the DOW is up 8%. (It was at 19,827 at January 20th.)
* The DOW took just 66 days to climb from 19,000 to above 21,000, the fastest 2,000 point run ever. The DOW closed above 19,000 for the first time on November 22nd and closed above 21,000 on March 1st.
* The DOW closed above 20,000 on January 25th and the March 1st rally matched the fastest-ever 1,000 point increase in the DOW at 24 days.
* On February 28th President Trump matched President Reagan’s 1987 record for most continuous closing high trading days when the DOW reached a new high for its 12th day in a row!
* The S&P 500 and the NASDAQ have both set new all-time highs during this period.
* The US Stock Market gained $2 trillion in wealth since Trump was elected!
* The S&P 500 also broke $20 Trillion for the first time in its history.
 

So how does this compare with President Obama’s first few months? The stock markets under President Obama moved in the exact opposite direction in the seven months after President Obama’s election win in November 2008.

The article then reminds us of the impact President Trump has had on the national debt:

President Trump has also had a positive impact on the overall economic outlook:

Economic Outlook

The US Manufacturing Index soared to a 33 year high in February 2017 shortly after President Trump was sworn into office. The index reached 43 in February which was the best outlook since 1983 under President Reagan.

In Obama’s first five months in office (January through May of 2009) the best manufacturing index activity rating was a negative -22.

The difference here is greater than 50% with Obama again in the wrong direction.

It is time to leave this man alone and let him do his job. Even with the garbage that is being thrown at him, he is accomplishing things that need to be accomplished. Please follow the link to The Gateway Pundit article to see the entire list of achievements since January.

 

Why Is Anyone Surprised?

Investor’s Business Daily posted an editorial today about the current state of the economy. The editorial reminds us that under President Trump, the economy is growing rapidly.

The editorial reports:

Growth: For eight years, economic indicators repeatedly came below forecasts. Now, there’s been a string of reports — the latest one is on jobs — that have outperformed economist predictions. What’s changed, we wonder?

The Bureau of Labor Statistics reported Friday that the economy added 235,000 jobs in February, when economists expected 200,000 new jobs. And that comes after January’s 227,000 gain, which also beat economists’ forecasts by a substantial margin.

That’s not all. Other recent indicators have come in better than economists had expected.

Orders for capital goods were higher in December than forecast.

There were supposed to be 5.55 million existing-home sales in January. The actual number was close to 5.7 million — which was the highest level since 2007.

Retail sales in January climbed 0.4%, where economists had predicted they’d advance only 0.1%. At the same time, the Commerce Department revised the December sales increase upward to 1%.

Now, obviously we can’t draw any broad conclusions from a few unexpectedly good economic results.

But it’s worth pointing out that this is a dramatic change from the Obama years, when about the only thing that you could predict with any degree of accuracy was that the economy would underperform economists’ predictions.

This is an example of soft bias on the part of the media. When the economic numbers are changed during the month following their release, they may not receive the media coverage that the numbers received when they were originally released.

The editorial concludes:

…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.

It’s time to get on board–it seems that the train has left the station.