Since the day Donald Trump was elected president in November 2016, the Dow Jones industrial average has risen by some 35 percent, making the last 14 months one of the greatest bull market runs in history. Some $6 trillion of wealth has been created for Americans — which is very good news for the 55 million Americans with 401k plans, the 25 million or so who have IRAs, and another 20 million with company pension plans and employee stock ownership plans.
The left was certain that exactly the opposite would happen with a Trump presidency. To borrow a recent phrase from House Minority Leader Nancy Pelosi, President Trump’s policies would cause “Armageddon” for family finances, the American economy, and the stock market.
Keep all this talk of economic meltdowns and financial market doomsday in mind the next time you hear a new commentator say that “most economists” believe that Mr. Trump’s policies won’t work, or “mainstream economists” believe Mr. Trump doesn’t know what he is doing. When it comes to Mr. Trump’s critics so far have almost all been not just wrong, but dead wrong. Here are some greatest hits that we’ve gleefully compiled from the past 18 months or so.
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