For months and months, Trump has been saying that he is going to grow the economy. On the campaign trail, Trump promised to grow the economy at over 3%. Liberals laughed and laughed and laughed.
As recently as this May, Ben Bernanke said 3% growth was a long shot.
On the campaign trail President Trump promised his economic agenda would rev the American economy up to 4% growth. Since taking office, Trump has lowered his growth goal to a more modest 3%.
Ben Bernanke thinks Trump is unlikely to deliver even his more conservative target.
“I would say it’s a pretty long shot,” the former Fed chief told CNBC on Monday.
Well, start calling Trump ‘Reggie Miller’ because he just hit that long shot from wayyy downtown.
From The Daily Caller:
The American economy grew at a 3 percent rate in the third quarter of 2017, continuing to expand after posting an impressive 3.1 percent growth rate in the second quarter, according to the most recent data from the Bureau of Economic Analysis.
President Donald Trump and members of his cabinet have repeatedly pledgedto get the economy growing at a 3 percent, or higher, during his tenure in the White House. Republican leadership in Congress is on board with this message, barreling ahead with tax reform to keep the economy revved up.
The U.S. stock market has skyrocketed since Trump defeated former Secretary of State Hillary Clinton, posting record highs on a near-weekly basis. The Dow Jones Industrial Average–the benchmark stock market index–is up 4,500 points since the 2016 November election, and the market has gained roughly $4 trillion in capitalization.
Proving liberals wrong every single day. That’s one of the best things about Trump.
The economy is taking off.
Obama had us mired in the worst economic recovery since WWII.
And Trump is making great strides to change that.
Liberals like Mark Cuban ran around promising the market would crash if Trump won.
The opposite happened.
It’s setting records.
From Fox Business:
The Dow had its sights on the 22,000 milestone on Tuesday, as stocks continued their record run amid strong corporate earnings.
The Dow Jones Industrial Average jumped 72.8 points, or 0.3%, to 21,963, a fresh all-time high. The S&P 500 climbed 6.1 points, or 0.2%, to 2,476. The Nasdaq Composite gained 14.8 points, or 0.2%, to 6,362.
Stocks have consistently hit new record highs in 2017 with investors showing confidence in the Trump administration’s economic and tax policies, particularly an expected cut to corporate rates as part of a broader tax reform plan. The market has also received support from robust profits. Earnings season is in full swing, and positive results from Dow members such as Boeing (BA), Caterpillar (CAT) and McDonald’s (MCD) have lifted the blue-chip index over the last week. U.S. corporations are projected to report a second straight quarter of double-digit earnings growth, according to the Thomson Reuters data.
Sick of the winning yet?
I’m not. Keep it coming!