GREATEST ECONOMY EVER is Under Attack by Democrats, Deep State, Mueller, The Fed — They Don’t Give a Damn About American Workers
Guest post by Joe Hoft
President Trump the business man was elected to the Presidency, in part, because he knew how to run a billion dollar company. This has worked well for Americans as the economy is arguably the best it has ever been.
Now Democrats, the Fed and the Deep State Mueller gang, the FBI and DOJ are all trying to derail the economy because they know a good economy is good for President Trump. To hell with Trump and America!
Today’s economy in the US is arguably the best it has ever been, with numerous statistics to support it –
There are more people working today than ever before in US history. Last month was the 13th record month since President Trump’s inauguration for number of Americans working –
— Kimberly Guilfoyle (@kimguilfoyle) December 7, 2018
President Trump has added nearly a half a million new manufacturing jobs to the US economy. This is after prior President Obama said they were never coming back. Under Obama the US lost a net of nearly 200 thousand manufacturing jobs over eight years –
Another month, another 27,000 new manufacturing jobs!
In less than 2 years, @realDonaldTrump has created 438,000 manufacturing jobs.
In 8 years, Obama had a net *loss* of 192,000.
— Ronna McDaniel (@GOPChairwoman) December 7, 2018
The US unemployment rate is at an incredibly low 3.7%. This is the lowest rate in a half a century (since 1969). The unemployment rate in 18 states have never been lower –
2018 is an incredible year for the American dream, something we can all be thankful for. pic.twitter.com/exasirvXmk
— The White House (@WhiteHouse) November 24, 2018
The US GDP is growing at a rate that is expected to be above 3% for the year. It was smoking at mid-year at a rate of 4.7% before the Fed stepped in to slow it down. A rate of 3% or greater for the year would be the best GDP annual rate increase in a decade.
The US Stock market set numerous records in 2017 and into 2018. The stock market on Wednesday, January 17th, 2018, said it all. On that day the Dow broke 26,000 points for the first time in its history. As a result the Dow broke the record for the fastest 500, 1,000, 2,000, 3,000, 4,000, 5,000, 6,000 and 7,000 point increases between major milestones in the history of the Dow. All of these increases occurred since Donald Trump was elected President.
After President Trump was elected the DOW exploded. On November 8th, 2016, the DOW stood at 18,332. Since that date the DOW has soared.
Not only has the DOW skyrocketed since Donald Trump was elected President, the market’s rise is record breaking. Since the 2016 election, the DOW has closed at new record all-time highs 103 times! (President Obama never saw a new all-time high in the DOW his entire first term and only saw 105 all-time closing highs from his first election win until Trump’s.)
President Trump’s first year in office (2017) saw the most all-time stock market closing highs (71) as well as the largest increase in DOW history (4,956 points). Prior to 2017, no year in the DOW’s more than 100-year history ever saw the DOW increase by more than 3,500 points, let alone 4,900. The most all-time highs in a year prior to 2017 was 69 in 1995.
Since President Trump was elected President the DOW tied the record for the most consecutive all-time closing highs in a row. In January of 1987 President Reagan saw the DOW increase to new all-time highs a record 12 days in a row. In February of 2017, President Trump matched Reagan’s record.
The DOW today stands 33% up from where it was in November of 2016, the day of the election!
Even though only two weeks ago the S&P 500 had its best week ever, the markets were much higher in October setting new highs.
The reasons for the recent stock market decline all point at the same thing – a consorted effort by those opposed to President Trump to damage and remove the markets and down play the record breaking economy.
Ever since President Trump was elected President, the Fed has gone mad in raising rates. It’s like they want to tank the economy. If they were trying to do it, they couldn’t do a better job.
President Trump has increased the markets and the economy in spite of headwinds from the Fed. Under President Obama the Fed lowered the Fed Funds rate to 0% and kept it at this rate for seven of Obama’s eight year’s in office. After President Trump was elected President the Fed increased the Fed rate seven times for nearly a 2% increase in rates. Still, the Debt to GDP is decreasing.
The Fed has a record of tanking Republican economies. The late President G. H. Bush believed the Fed hurt his economy so much, it prevented him from winning re-election.
The Fed last raised the rates in September and their comments when the markets reached new highs in early October 2018, caused the markets to tank causing President Trump to state the obvious objections to the Fed –
RT YahooFinance: Highlight: Stifel Equity Research Managing Director Barry Bannister says Trump "is doing what I would do" on the Fed. "He's using 'Art of the Deal'-type leverage." https://t.co/MccjnJfNNT pic.twitter.com/D4gqEUGDJ5
— Funding Hero (@funding_hero) December 9, 2018
The Deep State Mueller Gang, FBI and DOJ
Since before the 2016 election the Deep State and Obama’s corrupt DOJ and FBI targeted President Trump and have done all they can to remove the President from office. At the same time they did all they could to help Hillary Clinton win the election. Their results to date are mixed. Hillary was allowed to run for President in spite of numerous crimes on her behalf before the election. President Trump won the election in spite of their efforts.
Deep State’s constant leaks of lies and ‘fake news’ and their efforts to create a fake and fraudulent investigation so they can find anything on President Trump are the most corrupt and disgusting criminal acts against a President in US history.
Recently as the President was sitting down with Premier Xi from China, the Deep State at nearly the same time was working with Canada to have Meng Wanzhou, scion of a Chinese telecommunications giant arrested.
The Democrats in the Deep South succeeded from the Union before the Civil War. Democrats then wanted slavery and power, Democrats today still want power and slavery. Democrats showed how desperately they wanted power during the Kavanaugh hearings in the Senate when they made up and promoted lies against the good judge Kavanaugh in an effort to try and have him removed from election to the Supreme Court. Senator Lindsey Graham had enough and called them out for the power hungry villains that they are –
President Trump knows that the Democrats and their cronies in the Deep State are crooks as he tweeted today –
Leakin’ James Comey must have set a record for who lied the most to Congress in one day. His Friday testimony was so untruthful! This whole deal is a Rigged Fraud headed up by dishonest people who would do anything so that I could not become President. They are now exposed!
— Donald J. Trump (@realDonaldTrump) December 9, 2018