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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-- The left was certain that exactly the opposite would happen with a Trump presidency. --
ReplyDeleteThat's not quite right. Some portions of the Left believed that -- specifically, the propagandized and unthinking portions, who swallow whatever leftist luminaries tell them and pass it on uncritically -- but the upper strata, which formulate the policies for the lower ones to parrot, knew quite well that Trump's low-tax / low-regulation approach would be good for American commerce. They were, and still are, desperate to convince Americans otherwise. They've put a lot of effort into it, through their spokesmen and their media annexes. They haven't had quite the effect they hoped for, but they're still trying to use their media megaphones to persuade the electorate that the acceleration of American productivity and commercial success isn't really happening.
Well said, but fortunately extra money is already showing up in paychecks as well as bonuses. They'll never stop saying the opposite though just as they continue to parrot on global warming, whatever.
DeleteDr. Robinson Myth Of Global Warming
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