Trumps Economy Boom: Small Businesses Surge & Break Records Set in 1983

SUMMARY FROM VARIOUS NEWS ARTICLES

A record set during The Presidency of Ronald Reagan has now been broken by The Presidency of Donald J. Trump.

According to liberal leaning CNBC:"
The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey's 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan's presidency. The August figure was up from a 107.9 reading in July.
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https://www.cnbc.com/amp/2018/09/11/small-business-optimism-surges-to-highest-ever.html

The economy is witnessing a boom and small businesses are at the forefront of the surging economy. All largely due to the Trump and GOP tax cuts and deregulation of the federal government control of the economy that Democrats claimed would be the about the ruin and destruction of the middle class and small businesses.
"Today's groundbreaking numbers are demonstrative of what I'm hearing everyday from small business owners – that business is booming," said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. "As the tax and regulatory landscape changed, so did small business expectations and plans."

Small businesses have been a key beneficiary of Trump's economic plans. The U.S. economy expanded by 4.2 percent in the second quarter, the fastest pace in nearly four years.
https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-growth-on-fire.html

Comments

  • Trump has set economic growth on fire. Here is how he did it

    Jeff Cox | @JeffCoxCNBCcom
    Published 11:20 AM ET Fri, 7 Sept 2018 Updated 12:50 PM ET Fri, 7 Sept 2018

    President Donald Trump is more than 19 months into an administration engulfed in so much controversy that it may overshadow a tremendous achievement, namely an economic boom uniquely his.

    During his time in office, the economy has achieved feats most experts thought impossible. GDP is growing at a 3 percent-plus rate. The unemployment rate is near a 50-year low. Meanwhile, the stock market has jumped 27 percent amid a surge in corporate profits.

    Friday brought another round of good news: Nonfarm payrolls rose by a better-than-expected 201,000 and wages, the last missing piece of the economic recovery, increased by 2.9 percent year over year to the highest level since April 2009. That made it the best gain since the

    His critics, a group that includes a legion of Wall Street economists, most Democrats and even some in his own Republican Party, don't believe it will last. They figure the current boom will begin petering out as soon as mid-2019 and possibly end in recession in 2020.


    But even they acknowledge that the current numbers are a uniquely Trumpian achievement and not owed to policies already set in motion when he took office.

    "I still believe the big story this year is an economic boom that most folks thought impossible," Larry Kudlow, director of the National Economic Council and a chief advisor to Trump, said in a recent interview with CNBC.com. "I understand that he's been in for a year and a half, but when you look at those numbers, this is not going away."

    Indeed, the economy does seem to be on fire, and it's fairly easy to draw a straight line from Trump's policies to the current trends.

    Trump's economic achievements

    Business confidence is soaring, in part thanks to a softer regulatory environment. Consumer sentiment by one measure is at its highest level in 18 years. Corporate profits, owed in good part to last year's tax cuts, are coming close to setting records.

    Each of those accomplishments can be tied either directly to new policies or at least indirectly through a brimming sense of hope from businesses that the White House is back on their side.

    "When you look at those confidence indexes, they're telling you something," Kudlow said. "His attitude is, we're not punishing business, we're not punishing success, we want to make things easier to do business and to hire, and I think it's had a very positive effect and a very palpable effect."

    GDP most recently gained 4.2 percent in the second quarter, the best performance in nearly four years.

    At the same time, the unemployment rate is 3.9 percent, just one-tenth of a percentage point above the lowest level since 1969.

    The economy in total, while still not in breakout mode, has grown by $1.4 trillion through the second quarter under Trump; the same time period for Obama saw a gain of just $481 billion, or a third of Trump's total.

    Businesses are investing, consumers are spending and innovation is on the rise as well.


    Read more here: https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-growth-on-fire.html
  • Trumps economic achievements have dwarfed that of democrat President Obama and has overshadowed it. Now Trump Economy is being compared to that of Reagan who also led a boom and surge in the economy. Pretty soon Trump is going to break the records also set by Democrat President Bill Clinton.

    Let us remind our anti Trumpers in here and the world that the man who they said would destroy the economy has proven them wrong again and again.

  • President fuck face practicing his paper towel and toilet paper free throws for post hurricane visits. Hahahaha. Calls Puerto Rico a success. 3,000 plus dead and he sees success. Only a fuck face and his turds can see that as success.
  • Democrats control puerto Rico yet they fucked it up like they did Chicago. Hahaha
  • Still waiting on president two syllable to fix it. Moron
  • Your a Dumbass. The Governor and Mayor of Puerto Rico are both democrats and they dropped the ball. The feds send in money and national guard and toilets and still the local government there dropped the ball. All those foods and equipments stayed in warehouses and were never delivered because the local gov ran by the democrats dropped the ball. Moron.
  • 2000 Puerto Rico applications for funeral money to FEMA and only 75 applicants were accepted, latest report provided by a US senator showed the the Federal government transferred 10M from FEMA to Homeland security to ICE program to support deportation of illegal immigration from US ..
  • Imagine if Trump was the one to inherited the recession and the only idea he has n his mind is to cut tax and deregulation? the economy could have bankrupted like he always during his business life times.
  • @visafree that 10 million is now while 3,000 deaths took place last year. The democrat governor and mayor dropped the ball last year which resulted in 3,000 deaths. The local government of PR is controlled by democrats. Hahaha
  • @visafree, obama failed out Walstreet with trillions of dollars and still lost 8 million jobs. Hahana. #Failure
  • Nonsense PS, The Mayor pleaded for help and Trump Administration ignored her, the latest report confirmed the fact that FEMA budge was transferred to the Homeland Security to support the deportation of illegals during all these times of hardship in Puerto Rico.
  • People are forgetting how orange fuck face’s mind works. If he thinks it, then it’s true. Morons.
  • @visafree, 3,000 deaths happened in hurricane Maria which was last year. Its been revealed that people who died of natural causes were added to the count by democrats to inflate the count. Hahahaha. FEMA has a annual budget of $17 billion dollars and tje transfer of $10 million was announced last year. Hahahah. More fake news by fake media to upset idiots like you. The federal government authorize billions to PR and billions worth of food and aid yet the mayor as we found out fired some workers and gave contracts to hier relatives. And went on t.v making fake accusation. Hahaha
  • @redsnapper, you kiss your mother with that mouth? Hahaha
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