The Economic Miracle of President Trump
They Said It Couldn't Be Done
Jamie Dimon, CEO of Chase Bank, one of the smartest men in the world when it comes to business and a Democratic supporter of Obama and Hillary, said recently, “The U.S. economy today is the most prosperous economy the world has ever seen.”
The day President Trump was elected, our economy was in sad shape. Obama had depressed the economy with his anti-business policies and attitude. His eight years in office produced the lowest economic growth of any president in history.  He said happy days were never coming back, that low growth and high unemployment were the “new normal.” He said that Donald Trump could not bring back manufacturing jobs unless he had “a magic wand.”
His first quarter in office, President Trump produced 3% growth, something his predecessor never accomplished.  In Trump’s first year in office, thousands of companies announced enormous new capital investments, employee raises and bonuses, and plans to hire more people.  Unemployment went down to its lowest level in fifty years.  Real wages for working people went up for the first time in decades.
Democrats had predicted that President Trump’s economic policies would fail miserably, even bringing about another Great Depression. Once his policies produced the most excellent economy in history, the Democrats tried to credit Obama for it! As Steve Forbes said, that would be like a sports team hiring a new coach, shocking the world by going from last place to winning a world championship, and saying the fired coach deserves the credit for the turnaround.
Jobs, Jobs, Jobs
Under Obama, the United States had fallen out of the top ten countries in economic freedom for the first time in history, down to 16th. Under President Trump, we have quickly climbed back up to 5th in the world.  The most economically free countries are the most prosperous, with healthier, happier citizens.
The day Trump took office unemployment was 5.8%. It has dropped to 3.5% for the first time since 1969.  Not only that, the Dallas Federal Reserve recently stated the "average individual wage growth" is currently at an astonishing 5%. The average family has gotten a $5,000 a year raise because of President Trump. 
No single major industry in the nation has lost jobs since Trump took office. Businesses are advertising a record number of job openings. Among the strongest of all booming sectors in 2018: Health care employment increased by 323,000. Manufacturing gained 296,000 jobs. Construction employment rose by 330,000. Transportation and warehousing gained 184,000 jobs. Professional and business services added 516,000 jobs. 
Trump changed the mindset of federal agencies when it comes to imposing new regulations, which produce friction in the gears of business. His executive order, issued soon after he took office, commanded no creation of a new regulation without two repealed first. The result has been incredible: For every new business regulation created, 22 have been eliminated!  In his first three years in office, bureaucracies created the fewest new regulations since the 1960s. 
Trump Tax Cut and Jobs Act
When the Trump Tax Bill was signed into law, every Democrat in Congress had voted against it. They called it “the worst piece of legislation ever,” "Armageddon," the "end of the world," and a "massive attack on the middle class.” “There is no way any good could come for working families from this bill,” was the claim. Almost immediately, hundreds of major employers announced bonuses and pay increases in reaction to the Trump Tax Bill.
As a direct result of the Tax Cuts and Jobs Act, the companies that pronounced higher wages, bonuses, expanded employee benefits, and more capital investment included Walmart, Lowe’s, Chrysler, Starbucks, JP Morgan Chase, Disney, UPS, Cigna, Chipotle, FedEx, Home Depot, MetLife, AT&T, Comcast, and a multitude of other firms. Every single one of the companies above credited President Trump for their actions. Not one said it was because of Obama.
U.S. manufacturers invested in new factories and equipment, hired more workers, raised wages and benefits for employees, and gave away at least $500 million to charity in response to the Republican tax bill, according to the National Association of Manufacturers.
Obama had lost 16,000 Manufacturing Jobs in 2016; Trump Gained 171,000 in 2017. “Virtually every manufacturer has a help-wanted sign outside their window,” admitted the far left-wing NPR.
The Republican tax bill President Donald Trump signed into law is expected to bring nearly $2 trillion in capital held overseas back to the United States, according to the United Nations.
President Trump Puts America First
For the first time in American history, we have had 20 consecutive months with more employment openings than unemployed people.  There are millions of unfilled jobs. Even more astonishingly, this boom is pretty much confined to America. The global economy is still cooling. Europe is stagnant, and China reports its slowest growth since 1992. 
President Trump is putting American workers first by enforcing our nation’s immigration laws. Every year, tens of billions of dollars in wages earned by illegal aliens is transferred out of the U.S., permanently lost to the U.S. economy. Immigration law enforcement liberates jobs, freeing up existing jobs for American workers. Millions of illegal aliens have taken jobs that should be done by Americans. There are no jobs Americans won’t do, provided that they are paid fair wages. A recent study shows that when working illegals are deported, 75% of their jobs go to African Americans. 
Democrats predicted that the policies of President Trump would only help the rich. In fact, every working American has received a tax cut except millionaires.  Trump may not have helped millionaires with their taxes, but he has certainly made more of them. His economy created 848,000 new millionaires in one year. 
The pay of the lowest 10% of hourly workers has increased twice as much as those who make more.  The median income for women, Hispanics, and Asian Americans have reached new record highs. Middle-class income is the highest ever. 
The inflation rate has dropped 20% since Trump took office, according to the Federal Reserve. The Trump administration’s trade policies are not raising prices of goods for U.S. consumers. Costs of materials and components for consumer goods have fallen dramatically, and business margins have improved, according to the Producer Price Index data. Prices for Durable Goods—products purchased by consumers and businesses that are expected to last three years or more—are down a whopping 5% from last year. And new homes sales are the best since 2007. 
In the state of Iowa alone, residents received $147 Million in energy savings thanks to the Trump Tax Cut.  Iowans are not the only utility consumers slated to benefit “bigly” from the tax bill. Power companies in California, Delaware, Idaho, Illinois, Maryland, Oregon, Utah, Wyoming, Massachusetts, Illinois, Oregon, and other states, as well as Washington, D.C., plan to pass their savings onto their customers.
Stock Values Explode Under President Trump While Poverty Plummets
The stock market has hit new records over 100 times since Trump’s election, with the Dow up over 50% all told.  Democrats claim that this only helps the wealthy, but 2/3 of working Americans own stock, and they are benefiting from fatter retirement and college-savings accounts. The total value of our stock market under Trump has grown by more than $10 trillion to $34 trillion.
The poverty rate fell last year to the lowest since 2001, with an all-time low among Blacks and Hispanics.  President Trump has lifted millions of people out of poverty, including one million American children. In contrast, the number of Americans in poverty increased by 800,000 under Obama.  More than six million people have been able to get off food stamps since Trump was elected. 
The unemployment rate for African-Americans is the lowest ever recorded.  The gap between white and black unemployment is also the smallest on record. In addition, there have been dramatic increases in wages for African-Americans. While the Democrats and their media arm blast him every day, smearing him falsely a “white supremacist,” President Trump is improving the lives of African-Americans far more than President Obama did.
Businesses owned by Latinos continue to grow at a record pace in the Trump Economy, enjoying a 46% jump in revenue in 2018.  Hispanics are flourishing, with a record low unemployment rate of 3.9%. Never before had it been below 5% in the history of the United States.
The Trump economy is making America great again as the government dependency cycle is being broken more and more each day through the best social program invented—a real, productive, meaningful job.
Now for the Good News!
President Trump has delivered on a key promise that many economists said was impossible: Manufacturing jobs boomed in 2017, adding 284,000 new jobs, its best year since 1997, and added even more in 2018. 
Despite two decades of income stagnation for 99% of Americans, economists viciously attacked Trump’s "Make America Great Again" policies: Cutting taxes, deregulation, maximizing oil and gas production, renegotiating blatantly unfair trade deals, and slapping China with tariffs.
Six million Americans have reentered the workforce since Trump took office; 500,000 of them had been chronically unemployed for many years. The number of American workers receiving unemployment benefits fell to its lowest level since 1973.  The unemployment rate is at a record low for Blacks, Latinos, Asians, Women, the Disabled, and ex-convicts.
Small Business Booms!
Eighty percent of certified public accountants believe President Trump’s tax cuts helped America’s small businesses.  A record number of small businesses have expanded. Small businesses also report record wage increases. Small business optimism is the highest ever, up 162% since Trump took office. Small business earnings are the highest since the Reagan years. 
Trump’s simplification of the tax code tax saved Americans 41 million hours of excruciating work on their 2018 taxes. That works out to $2.9 billion in preparation costs Americans saved.  H&R Block reported that due to Trump's Tax Cuts and Jobs Act, its average customer paid 25% less in taxes in 2018. Democrats claimed only the rich would get tax cuts. H&R Block doesn’t do taxes for the rich.
Seventy-One percent of Americans say our economy is in good shape, the highest percentage in 20 years.  Sixty-nine percent of Americans say they expect to be better off next year, only two percentage points below the all-time high.  Wages have increased by one trillion dollars. Consumer confidence is the highest in 20 years.  All of the gains in the index were due to improvements in the feelings of households with incomes in the bottom third.
Trump’s tax reform has even lowered utility bills in 39 states. Household net worth is on the rise. Fifty percent of Americans say they are better off today than they were a year ago, the best result for that question since 2007. 
Trump Is Good for States, Too
President Trump’s presidency has been a boon for state revenues, as well as for local governments. Thanks to significant increases in state tax collections due to our exploding economy, 41 states have recovered from the Great Recession. 
During the Barack Obama years, state tax revenues had grown slower than in three decades. As Trump took office, state financial positions were deteriorating. After Trump’s tax cuts, state tax revenues have seen a robust rise, and most state bank accounts are flush again. In the fiscal year 2018, states added nearly $10 billion to their rainy-day funds. 
The Magic Wand Has Been Waved
Former President Barack Hussein Obama presided over the worst economic recovery since 1949.  Many "experts" expected, predicted, and warned of instant economic disaster if Donald Trump was elected. Paul Krugman, one of the nation's most widely read and influential economists, wrote: "The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear. Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.”
Following the Great Recession of 2008, many economists and liberal thinkers argued that rural America would never again be an engine for economic growth. The economic picture for rural communities was bleak at best. However, according to the Democrat’s own Brookings Institute, since Trump was elected "smaller, more rural communities are 'winning.'" Rural areas outperformed their share of the economy to generate around 17% of the nation’s job growth during Trump’s first year in office.
The National Debt
The National Debt is up because Congress spends too much, not because corporations and individuals are taxed too little. Higher tax revenues can never cause an increase in a deficit. The only thing that can cause the debt to rise is the government's insatiable appetite.
Total tax receipts are up by 4% in the fiscal year 2019, despite massive cuts in tax rates. Individual income and payroll taxes together rose by $107 billion. Corporate income taxes collected increased by 12%. 
President Obama contributed $10 trillion to the national debt, more than all 43 previous presidents combined!  He also borrowed at higher interest rates than previous administrations. Not to mention passing the unfunded and unaffordable Affordable Care Act. President Trump would have had to cut $1 trillion from the federal budget just to break even after Obamacare. 
Spending on Social Security in the fiscal year 2019 surpassed the $1 trillion mark, a 5.7 percent increase from 2018. Medicare spending saw a 10.6 percent hike from $589 billion spent to fund the program in 2018 to $651 billion in 2019.  While entitlement spending continues to soar, the fiscal solvency of these programs grows darker each year.
The Economic Miracle of President Trump
This incredible success has continued unabated. In September 2019, capital investment plans by American companies hit an all-time high. U.S. natural gas production set an all-time world record this year.  We exported more petroleum than we imported for the first time on record in September 2019. 
We've never seen anything like this before. Something awesome is going on. Who knew that having a pro-business, free enterprise capitalist president would be better for business than an anti-business Marxist? President Trump cut corporate taxes and cut regulations. The boom is on, and it has been beneficial for every single American.
In a survey of economists, 90% say Trump’s policies have been good for the country. 60% say Obama’s policies were bad for the country.  All of the Democratic candidates for president vow to repeal Trump’s Tax Cuts.
1, 2. The Bureau of Economic Analysis of the United States Department of Commerce
3. Yahoo Finance
4. ABC News
5. USA Today
6. Foundation for Economic Freedom
7, 9, 12. Bureau of Labor Statistics
8. CBS News
10, 26. Forbes
11. Competitive Enterprise Institute
13, 17, 34, 45. Wall Street Journal
14. Chicago Tribune
15. Tax Foundation
16. Credit Suisse Global Wealth Report
18. The White House
20. Des Moines Register
22. Los Angeles Times
23. United States Census Bureau
24. United States Department of Agriculture
25, 27. CNBC
28. Associated Press
29. Job Creators Network
30. National Federation of Independent Business
31. Washington Times
33, 35. Gallup
36, 37. Pew Research Center
39. Office of Management and Budget
40. United States Department of the Treasury
41, 42. The Federalist
43, 44. U.S. Energy Information Administration.