10 Reasons Why the 2017 Record Stock Market Rally is Due to President Trump’s Actions
Guest post by Joe Hoft
The stock market in 2017 has increased at record levels unseen in American history. Never before has the market increased by more than 4,000 points in a single calendar year but has done that in 2017. The Dow is up more than 30 percent since the election.
Liberals and Democrats refuse to give President Trump credit for the stock market rally this past year but they provide no evidence to support their false convictions. Here are 10 reasons why the 2017 record stock market rally is due to President Trump’s actions and why it will continue.
1. President Trump’s Marketing Skills
President Trump’s marketing and leadership may be the single most important factor pushing the economy and the stock market to record highs. Civilian Trump was a billionaire and a promoter. He prided himself in deal making and his presence led him to have one of the most popular shows on TV (The Apprentice). In nearly every single speech or rally he has held, he promotes success, making America great again, winning and prosperity. This repetition and promotion has led to consumer confidence reaching a 17 year high. President Trump’s repetition and success encourage economic excitement in the US like a snowball going downhill.
2. Frankly, Obama’s Economy was Horrible
To say that the economy was on a roll before the 2016 election is not true. The last all-time stock market high before the November 8th, 2016 election was on August 15th, 2016, three months prior to the election. The stock market decreased in value in 2015 and there were no new stock market all-time highs in Obama’s entire first term. Obama’s economy incurred unemployment as high as 10 percent. His Presidency was the first ever to not reach an annual GDP of at least 3 percent in at least one year during his term. His policies doubled the US Debt to nearly $20 trillion and the massive increase in regulations stifled the economy. Not only that but Obama had no idea how to lead America to greatness. His words and actions actually portrayed someone who didn’t want America to win.
Clearly this past year’s record stock market increase is not due to the prior President whose ‘America last’ policies led to the destruction of the middle class and the stagnation of the American economy.
3. Reduction in Regulations
One of the first things that President Trump did in office was to reduce the number or burdensome regulations put in place during the Obama era. In January President Trump signed his 2 for 1 executive order mandating that for every new regulation, two regulations needed to be revoked. Even far left Politico notes that significant federal regulations since Trump’s inauguration have slowed to an almost total halt.
Regulations cost Americans and American companies money to implement and maintain. Reducing or halting regulations allows companies to spend their money on more prudent money making areas.
4. President Trump Encouraging Business Leaders to Build in America
President Obama said before the election that jobs just are not coming back to the United States. He mocked candidate Trump for suggesting that jobs could come back to the US and said some of those jobs just aren’t coming back – “What magic wand do you have?”
President Trump didn’t listen to his predecessor. He went out immediately after winning the election and began speaking to business leaders across many industries. He encouraged then to come back to the US and company after company announced their plans to build in the US. This all happened before his inauguration! He continued this work into his administration and the results are clear, even foreign companies are coming to the US. More than 1.5 million jobs were created in 2017 through October.
5. Ending Obama Trade Deals that Hurt the US
One of the first actions that President Trump took was to sign an executive order that formally withdrew the U.S. from the Trans-Pacific Partnership free trade deal. Even union leaders applauded this move –
Mr. Trump could end the U.S. participation with 11 other Pacific Rim nations with the stroke of a pen because Congress had not ratified the ambitious accord despite strong support from business groups and President Obama. Nevertheless, the withdrawal put Capitol Hill and foreign governments on notice that the president would demand better deals on a one-on-one basis.
The president’s populist stance on trade shook up alliances in Washington. Mr. Trump got a round of applause from union leaders during a meeting at the White House, but prominent Republican lawmakers vowed to defend their party’s traditional support for open markets and free trade.
Trump’s policies of putting the American worker first only benefit the US worker, company and economy.
6. Igniting Clean Coal
One coal miner in Pennsylvania praised President Trump for his actions that ended unnecessary regulations that prevented coal from being mined in the US. The coal industry is back according to a piece from the New York Post –
But many Americans aren’t aware of this modernization. So having a president who believes in this industry, and rallies publicly for it, means a lot. Trump has “created an optimism in the business community that has trickled down from big companies to small, and for all of their workers,” Dethlefsen said.
The clean coal industry employs many workers at good paying jobs. President Trump promised these miners jobs again and he succeeded in doing just that.
7. Pipelines Mean More Than Good Jobs
Another of President Trump’s first actions was to allow the building of the Keystone and Dakota pipelines. These projects were rejected by the prior administration on the grounds that the pipelines were ecologically unfriendly but the more likely reason for their denial was they would help America being more energy independent, something the donors to Washington elites would not want. By approving the pipelines, thousands of jobs were created and the US was one step closer to energy independence.
These actions have now led to the US being an oil exporter for the first time ever. The US is now also the net exporter of natural gas for the fist time in 59 years. Energy independence means more jobs, more income into the US, and less money going to rouge oil producing countries that want to destroy the US.
8. Saudi Arms Deal
In his first major international trip, President Trump traveled to the Middle East and in front of the leaders of 50 Muslim countries, said that they must ‘drive out’ Islamic terrorists.
On this same trip the President aligned with these leaders in standing against Iran and promoted a $100 billion arms proposal with the Saudis. This deal has some impact on the current economy but will have significant impact in the future and this is what impacts the stock market greatly.
9. China Investment in the US
This past month President Trump traveled to Asia on another successful trip. In addition to meeting with leaders across the region, the President announced another huge win for the US. China signed a MOU with the US that was reported in China but not publicized by the highly partisan MSM in the US who remains silent on nearly all of President Trump’s successes –
China Energy Investment Corp, the world’s largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia, the U.S state said on Thursday.
The agreement was the biggest among a slew of deals signed during U.S. President Donald Trump’s state visit to Beijing. The total value of the deals done during Trump’s trip could be as much as $250 billion.
This deal will help one of the most impoverished regions in America and many West Virginians didn’t know about it because the MSM didn’t tell them.
10. It’s Not Hillary!
Certainly one of the major reasons the stock market is soaring is because Hillary Clinton is not President. Hillary’s policies were a promise for more of the same and the same was not working. America dodged a bullet last November and the markets responded. Americans were not with her. She lost and America won.
Liberals, Democrats and NeverTrumper will continue to tell you that President Trump has nothing to do with the historic stock market rally America is enjoying right now. But remember, these fools also told us Hillary was going to win in a landslide.