It’s Trump’s Boom

Aftercrossing the 23,000 line this week, the Dow is up nearly 5,000 points, or about 27 percent, since Election Day. It wouldn’t be there under a President Hillary Clinton or a Jeb Bush. No: Much of the credit has to go to the uncompromisingly pro-business President Trump — the antithesis of what the nation had seen the prior eight years.

Nor is it just the stock market: Consumer confidence and economic optimism are up. And the Labor Department reports that claims for unemployment just dropped by 22,000 to 222,000 — the fewest since March 1973.

And while, as Charles Gasparino noted in Friday’s Post, a crashing failure on tax reform could shock the markets, the boom isn’t simply about hopes for tax cuts. It’s based on real White House work in rolling back regulation, and the promise of more ahead.

Indeed, Trump has been more aggressive on deregulation than any president since Ronald Reagan. By July, the White House said it had stopped more than 800 Obamaera regulations that were in the works. And it doesn’t seem to be letting up.

Add to that the relief of no longer having to worry about what new hits might be coming from a Democratic White House — or from a Federal Reserve eager to please the left.

(And so much for Nobel Prize-winning economist Paul Krugman’s warning the night Trump won: “We are probably looking at a global recession, with no end in sight.” Oops.)

With the president under daily assault in much of the media over all manner of trivia, it’s well worth keeping the big picture in mind: He’s been a huge boon for the US economy.