REX Posted December 28, 2019 Share Posted December 28, 2019 You know the ones -- the liberal economists with overpriced Ivy League degrees who told us that if Donald Trump were to get elected president in 2016, the economy would crash. Fast-forward to today: More than $17 trillion in value has been added to the global stock market in 2019, with the U.S. reaping the biggest gains, according to a recent analysis by Deutsche Bank. The Dow Jones Industrial Average, the S&P 500 and the Russell 2000 have all seen massive growth in the Trump economy -- more than 20% this year -- with American tech companies leading the pack. This is a sharp contrast to what a gamut of left-leaning "experts" predicted including The New York Times chief economist Paul Krugman, who told us after Trump won the 2016 election: "So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened." Huh? Krugman ought to take a bite of this apple: One of the world's most valuable companies, Apple Inc., saw an 80% increase in its stock value in 2019. While Amazon announced a record holiday shopping season. Software giant Microsoft reaped a 55% increase this year, while Facebook soared 57% in value -- just to name a few U.S. companies whose employees and shareholders are enjoying a golden age of prosperity under the current administration. Same goes for all Americans who are benefitting from historically low unemployment -- including minorities and women -- and the jobs bonanza, which is lifting millions out of poverty and revitalizing the American dream. Under the current administration, we've seen a rate increase of 3.1% for wages year over year. Fox Business reported, "Average hourly earnings are $28.29 with a week of take-home pay averaging $973.18 compared to $943.59 in November 2018." That means labor workers and the middle class are benefitting -- not just the 1% -- like Sens. Elizabeth Warren and Bernie Sanders falsely claim on the campaign trail. We've also seen the creation of 500,000 manufacturing jobs, new and better trade deals on the horizon with China, and the United States-Mexico-Canada Agreement, the last of which is estimated to create 176,000 jobs and add $68.2 billion to the U.S. economy, according to a study by the U.S. International Trade Commission this year. If that's not enough winning for you, also consider the relentless surge in consumer optimism. Bloomberg's Consumer Confidence Index reported an increase to 62.3% in the week ending Dec. 22, up from 61.1%. "Record stock prices, unemployment at a five-decade low and steady wage gains continue to lift spirits, putting the 2019 average sentiment level on track for the best since the 1999-2000 dot-com boom," reported Bloomberg the day after Christmas. Translation: It's time to uncork the champagne and celebrate America's unrivaled prosperity. Needless to say, it's a good thing that the 63 million Americans who voted for Trump in the last presidential cycle didn't listen to the "experts" -- or the bottomless pit of naysayers in the media -- whose predictions about the economy and other topics proved worthless. After all, these are some of the same "experts" who told us Hillary Clinton would win the 2016 election, Brexit wouldn't happen, and that Trump and his 2016 campaign colluded with Russia, a conspiracy theory that's since been debunked by multiple congressional and Department of Justice investigations including a 22-month special counsel probe that found no such evidence. Bottom line: With the 2020 election approaching, the American people should continue to trust their own instincts, pay stubs and 401(k)s, rather than the "experts." That's a far more reliable barometer, wouldn't you say? Link to comment Share on other sites More sharing options...
REX Posted December 28, 2019 Author Share Posted December 28, 2019 https://www.realclearpolitics.com/articles/2019/12/27/ignore_the_so-called_experts_they_keep_getting_it_wrong_142037.html Link to comment Share on other sites More sharing options...
BarryLaverty Posted December 28, 2019 Share Posted December 28, 2019 Too bad the economy has nothing to do with the actions the awful, unfit Trump did to get impeached and a million other destructive and corrupt to the core acts. 1 4 Link to comment Share on other sites More sharing options...
BarryLaverty Posted December 28, 2019 Share Posted December 28, 2019 And meanwhile... The President of the United States has, today alone, retweeted 2 QAnon fan accounts, a Pizzagate account, an account that compared his following to a cult, and an account that described Obama as “Satan’s Muslim Scum.” And this insanity isn’t even a blip on the news radar. 1 2 Link to comment Share on other sites More sharing options...
Monte1076 Posted December 28, 2019 Share Posted December 28, 2019 2 hours ago, BarryLaverty said: Too bad the economy has nothing to do with the actions the awful, unfit Trump did to get impeached and a million other destructive and corrupt to the core acts. Did that same logic apply when President Obama was in office? Did his actions have anything to do with the economy? Asking for a friend. Link to comment Share on other sites More sharing options...
BarryLaverty Posted December 28, 2019 Share Posted December 28, 2019 2 hours ago, BarryLaverty said: Trump did to get impeached You got this part, right? 1 1 Link to comment Share on other sites More sharing options...
NightStar11 Posted December 29, 2019 Share Posted December 29, 2019 23 minutes ago, NATUREBOY98 said: I hope you make it to 2024 Barry. You’ve got to let go of this hatred. At least in 2024 you can get behind Ivanka. The first woman President is something a progressive as yourself can get behind. Barron will be president after Ivanka's 2 terms! Link to comment Share on other sites More sharing options...
DaveTV1 Posted December 29, 2019 Share Posted December 29, 2019 4 hours ago, BarryLaverty said: Too bad the economy has nothing to do with the actions the awful, unfit Trump did to get impeached and a million other destructive and corrupt to the core acts. So blind and naive to the facts of business acumen. It's all because of the regulations that he removed, and has nothing to do with anything other than that. The same reason consumer spending is at all time highs and employment is at historical lows. Everything BHO did was just a trickle of recovery from what Clinton did to cause the recession. We heard back in August that another recession was coming, well where is it ??? No where to be seen. I can see maybe a mild slowdown come March and April, but then picking up steam again. Thank You President Trump !! 1 Link to comment Share on other sites More sharing options...
BarryLaverty Posted December 29, 2019 Share Posted December 29, 2019 10 minutes ago, NightStar11 said: Barron will be president after Ivanka's 2 terms! As you have to be 35 to be POTUS, that weak hero worship doesn't make logical sense. You might have been thinking about greaseball DJT who left his kids for a Fox personality and likes to kill animals illegally or that blank slate Eric. 1 Link to comment Share on other sites More sharing options...
BarryLaverty Posted December 29, 2019 Share Posted December 29, 2019 1 minute ago, DaveTV1 said: So blind and naive to the facts of business acumen. It's all because of the regulations that he removed, and has nothing to do with anything other than that. The same reason consumer spending is at all time highs and employment is at historical lows. Everything BHO did was just a trickle of recovery from what Clinton did to cause the recession. We heard back in August that another recession was coming, well where is it ??? No where to be seen. I can see maybe a mild slowdown come March and April, but then picking up steam again. Thank You President Trump !! Okay, Lou Dobbs, what do impeachable offenses committed have to do with economic policy or the stock market? Read closely, then answer. 1 Link to comment Share on other sites More sharing options...
DaveTV1 Posted December 29, 2019 Share Posted December 29, 2019 39 minutes ago, BarryLaverty said: Okay, Lou Dobbs, what do impeachable offenses committed have to do with economic policy or the stock market? Read closely, then answer. I was basing my response to the article. The impeachment has nothing to do with the economy being strong as of today. It will help more Republicans regain seats in the House, as people see through the dog and pony show that the Democrats are running to impeach him. It will ultimately fail in the Senate. More Republicans in Congressmen means more growth and a stable economy, until the Socialist Communist regain those seats again. It will happen just as it always has. Link to comment Share on other sites More sharing options...
BarryLaverty Posted December 29, 2019 Share Posted December 29, 2019 Yeah, a couple of non answers and evasions, really. The truth is that Trump was impeached, and the economic conditions inherited from Obama don't excuse that. It's okay to admit that clearly and cleanly. 2 1 Link to comment Share on other sites More sharing options...
NightStar11 Posted December 29, 2019 Share Posted December 29, 2019 47 minutes ago, NATUREBOY98 said: First there has to be an impeachable offense Barry. He’s done nothing. Can’t wait till Nancy grows a pair and trots those articles of impeachment over to the senate. I can’t wait for this trial to be honest. I know you hate Trump, but he’s innocent until proven otherwise. Barry/Pepe/BoHogg/Larry David does not believe in our constitution or due process NatureBoy 1 Link to comment Share on other sites More sharing options...
DAWG91 Posted December 30, 2019 Share Posted December 30, 2019 "Impeached" Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now