TRUMP’S ECON­OMY

The Washington Times Weekly - - Politics -

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.”

CHRIS LIGHT

The num­bers are clear: there’s a glow on Main Street and a soar­ing stock mar­ket seven months into Pres­i­dent Trump’s ad­min­is­tra­tion.

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