Posted on by Californiacontrarian

It’s the Economy, Stupid

The headline in today’s Wall Street Journal, “Dow Hurtles Past 25,000 to Record.” The Journal also pointed out that “the S&P 500 also extended its gains to make its current long-running rally its greatest period of growth since WWII.” The Dow had been muddling along at around 18,000 until the election of Donald Trump, and since then the path has been steadily upward. You don’t hear those on the left talking much about the stock market and its spectacular recent performance, because they know that these market gains over the last year are because of Mr. Trump and his policies. Certainly a stock market correction is coming, and I suspect that the talking heads will then somehow blame the inevitable correction on President Trump.
In 1992 James Carville, a campaign manager for Bill Clinton during Clinton’s successful presidential campaign, said, “It’s the economy, stupid!” If it is truly the economy, then I am having a hard time believing the most recent poll numbers which supposedly demonstrate a continued low approval rating for President Trump.
(Yes, these are the same pollsters who predicted Hillary to win.)
Other than the Dow surging to record highs, there are multiple other favorable economic stats and job stats that are also due to Mr. Trump’s policies.
The GDP has increased >3%, and unemployment is down to 4.1% – coupled with the creation of 2.1million new jobs in 2017. I wonder if those 2.1 million with new jobs were included in these polls.
He has prioritized woman-owned business for $500 million in SBA loans. Were these business women who received these loans and their employees included in these polls?
He has issued an executive order to boost apprenticeships and has moved to bolster computer sciences in the Education Department. Were the beneficiaries of these policies included in these polls?
It will be interesting to see what happens to these polling numbers when the middle class realizes the benefits of the recently passed tax reform. With more money in the pockets of millions, I predict that the polls will show increasing favorability of Mr. Trump. If the pollsters are then somewhat bewildered, we can clear things up for them, “It’s the economy, stupid!”

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