DONALD TRUMP, MAKING THE ECONOMY GREAT AGAIN …
The stock market and the economy is booming because of President Donald Trump’s vision of lower taxes and less business regulation. The Dow Jones was up 31% during President Trump’s first year. There is no dot com bubble, it is not an economy propped up on speculation or by the Fed. Americans are at an all-time high with consumer confidence, and why shouldn’t they? The Dow is at 26,000 and counting. Unemployment continues to go down as black and Hispanic unemployment is at an all-time low. Everyone is benefiting from the Trump economy. All this and the US economy has not even felt the full effects yet of the Trump-GOP tax cuts. It is time to give President Trump his due.
- The 30-stock index has surged more than 31 percent since Trump’s inauguration.
- That marks the index’s best performance during the first year of a president since Franklin Roosevelt.
- “You’ve got lower taxes, less regulation and confidence in the economy is high,” said one investor.
- The S&P 500 has surged 23 percent during Trump’s first year in office.
Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.
The Dow has surged more than 31 percent since Trump’s inauguration on Jan. 20, 2017. That marks the index’s best performance during a president’s first year since Roosevelt. The Dow skyrocketed 96.5 percent during Roosevelt’s first year in office
“This is all about policy,” said Bruce Bittles, chief investment strategist at Baird. “You’ve got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders.”
Trump quickly moved to cut regulations enacted by previous administrations. He also successfully pushed to overhaul the U.S. tax code. That revamp included slashing the corporate tax rate to 21 percent from 35 percent.