President Trump faces nonstop criticism and a hostile news media which advances one narrative after another, building their case against him with mostly anonymous sources, suggestive headlines and clever speculation. But he carries on. The result? Among other things, the economy has improved, there’s a glow on Main Street and the stock market continues to soar to record highs despite rumor mongering and unproven innuendo from the “resistance.”
Numbers, however, tend to speak louder to Americans than innuendo.
The U.S. Department of Labor’s July 2017 report, for example, found that 209,000 new jobs were created during the month, besting expectations by a robust 26,000 jobs.
“More people are getting back to work and finding jobs, and more people are employed now than at any time over the past six years,” says Jesse Hathaway, a research fellow for budget and tax policy at the Heartland Institute, a Chicago-based nonprofit and freemarket think tank.
“If the economic recovery from years of malaise is to continue, Congress needs to buckle down and work with President Trump to enact the bold tax reforms Washington, D.C. promised the American people in 2016. Lawmakers need to put aside the day-to-day distractions and bickering, and work together for the common good,” says Mr. Hathaway.
“These new employment numbers show that Trump’s economic program is already working for all Americans, and especially his blue-collar base. Too bad that is not understood by The Washington Post, The New York Times, CNN, and the Democrats — who the voters can get out of the way next year, turning Senate Minority Leader Chuck Schumer into the Senate’s Very Minority Leader,” quips Peter Ferrara, a senior research fellow at the organization.
“The American people are working hard, and it’s time for our elected officials in Washington, D.C. to do the same,” advises Russ McCullough, an associated professor of economics at Ottawa University. “The new jobs report and bullish stock market are clear signs that both big and small business have been over regulated and overtaxed for too long. Regardless of negative perceptions of President Trump’s tweets, positive profit expectations trump all other concerns.”
The numbers are clear: there’s a glow on Main Street and a soaring stock market seven months into President Trump’s administration.