{"id":32473,"date":"2018-01-22T11:14:11","date_gmt":"2018-01-22T16:14:11","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=32473"},"modified":"2018-01-22T11:14:11","modified_gmt":"2018-01-22T16:14:11","slug":"a-year-later","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=32473","title":{"rendered":"A Year Later"},"content":{"rendered":"

On Friday, Investor’s Business Daily<\/a> posted an article detailing the impact of President<\/a> Trump<\/a>‘s economic policies. The fact that President Trump is a businessman rather than a politician has had an impact on his economic decisions and thus on the American economy<\/a>. How has that worked out?<\/p>\n

The article reports:<\/p>\n

Stock market:<\/span> The Dow Jones industrial average<\/a> rose about 31% over the past year, “more than any other president since Franklin Roosevelt<\/a>,” CNBC.com reminds us. Total stock market<\/a> wealth added since Trump’s first inauguration: $5.5 trillion.<\/strong><\/p>\n

Jobs:<\/span> Over the last year, 2.2 million jobs were added to the economy, as the unemployment rate<\/a> fell from 4.8% to 4.1% currently. Minorities experienced their lowest unemployment rates ever<\/em>\u00a0in December 2017, after a year of solid gains. Unemployment claims, meanwhile, are at a 45-year low.<\/strong><\/p>\n

GDP:<\/span> President Trump entered office amid what appeared to be a dangerously slowing economy, with just 1.2% growth in the first quarter of 2017. But growth immediately picked up, rising to 3.1% in the second quarter, 3.2% in the third quarter, and, based on recent data, 3% or higher in the final quarter of 2017\u00a0\u2014 making the longest stretch of 3%-plus GDP growth<\/a> since 2005.<\/strong><\/p>\n

Tax cuts:<\/span> Trump’s $1.5 trillion in tax cuts lowered the corporate marginal rate from 35% to 21%, and cut rates sharply for middle-class and lower-income Americans. The results are in: Less than three weeks after the tax bill became law, more than 164 companies \u2014 ranging from AT&T and Apple to Visa and Wal-Mart<\/a> \u2014 have announced pay hikes and special bonuses for their workers. Apple stunned markets last week, announcing it would bring $245 billion back from overseas, hire about 20,000 new workers and hand out bonuses of around $2,500 for each of its employees due to tax cuts.<\/strong><\/p>\n

Confidence:<\/span> Our IBD\/TIPP Economic Optimism Index stands at 55.1, well above the 49.3 average over that measure’s lifetime, signaling continued confidence in the strength of the economy. The optimism index is close to its all-time high and has now been positive \u2014 above 50 \u2014 for 16 months. Meanwhile, a separate IBD\/TIPP index for financial stress is at its lowest since we began measuring it in 2007.<\/strong><\/p>\n

Regulation:<\/span>\u00a0Trump fulfilled his promise to cut more rules than he enacted. Indeed, he eliminated 22 regulations for every regulation he added, cutting some $8.1 billion in costs. More important, he pulled out of the ruinous Paris Climate Deal, which the NERA economic consulting group estimated would cost the U.S. some $3 trillion in compliance costs over the lifetime of the deal.<\/strong><\/p>\n

I can’t help but wonder if those who are protesting President Trump have 401k accounts and if they have checked their balances lately. Are the people protesting invested in the American economy in any way? Do they have jobs? Are they looking for jobs? And last of all, are we again dealing with paid protesters?<\/p>\n","protected":false},"excerpt":{"rendered":"

On Friday, Investor’s Business Daily posted an article detailing the impact of President Trump‘s economic policies. The fact that President Trump is a businessman rather than a politician has had an impact on his economic decisions and thus on the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9804,10692,11376,10589,11196,737],"class_list":["post-32473","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-american-economy","tag-dow-jones-industrial-average","tag-investor","tag-president-trump","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32473"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32473\/revisions"}],"predecessor-version":[{"id":32474,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32473\/revisions\/32474"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}