Success Of Trump Economy Destroying Democrat Hopes Of 2018 Midterm Revival

Donald Trump is more popular at this point in his first term than Barack Obama was. Despite 24/7 anti-Trump media attacks and a D.C. Establishment that continues to try and throw him under the bus, President Trump moves forward accumulating victories one after the other. His enemies hoped to make the 2018 Midterms his Waterloo. Just a few months earlier it appeared they might succeed. Today that success is far less certain as millions of Americans enjoy the benefits of an ever-expanding Trump economy.

Via RealClearPolitics:

The Mojo of Trumponomics

One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems, from poverty to inner-city decline to lowering the national debt.

…Now for the even-better news. We are already starting to see a fiscal dividend from President Trump’s tax, energy and pro-business policies. The Congressional Budget Office reports that tax revenues in April — by far the biggest month of the year for tax collections because of the April 15 filing deadline — totaled $515 billion, which was a robust 13 percent rise in receipts over last year.

MoneyWeek reports that the $218 billion monthly surplus (revenues over expenditures) this April was the largest ever, with the previous record being $180 billion in 2001. (April is always the one surplus month.)
Here’s the simple lesson: More growth, more tax revenue.

But there’s another lesson, and it is about how wrong the bean counters in Congress were who said this tax bill would “cost” the Treasury $1.5 trillion to $2 trillion in lost revenues over the next decade. If the higher growth rate that Trump has already accomplished remains in place, then the impact will be well over $3 trillion of more revenue and thus lower debt levels over the decade. Putting people to work is the best way to balance the budget. Period.

…No one thought that Trump could ramp up the growth rate to 3 percent or that his policies would boost federal revenues. But he is doing just that — which is why all that the Democrats and the media want to talk about these days is Russia and Stormy Daniels.


 

Trump Goes All In On 2020 Re-Election As Consumer Confidence Soars To Nearly 20-Year High

There remains a stunning disconnect between how the media reports on the Trump administration and the reality that IS the Trump administration. And now Mr. Trump has added a lot more fuel to the media’s anti-Trump fire. He’s just announced he is all in on a 2020 re-election bid on the same day consumer confidence in America soars to historic highs.

EXCERPT:

U.S. consumer confidence jumped to a 17-year high as optimism about employment prospects grew and Americans began seeing additional money in their paychecks from recently enacted tax cuts, data from the New York-based Conference Board showed Tuesday.

HIGHLIGHTS OF CONSUMER CONFIDENCE (FEBRUARY)
Confidence index rose to 130.8 (est. 126.5), highest since Nov. 2000, from downwardly revised 124.3 in January
Present conditions measure climbed to 162.4, highest since 2001, from 154.7
Consumer expectations gauge increased to three-month high of 109.7 from 104

Key Takeaways
The report reflects increased confidence in employment and incomes, which could support consumer spending. The labor differential, which measures the gap between respondents saying jobs are plentiful and those who say they’re hard to get, rose to 24.7 percentage points, the highest since 2001.

Recent tax legislation signed in December may have also buoyed sentiment, as many Americans saw bigger after-tax paychecks in February due to the law. That may have helped consumers shrug off the early-February 10 percent decline in stock prices, which have since recovered most of their losses.

Official’s View
“Despite the recent stock market volatility, consumers expressed greater optimism about short-term prospects for business and labor market conditions, as well as their financial prospects,” Lynn Franco, the Conference Board’s director of economic indicators, said in a statement. “Overall, consumers remain quite confident that the economy will continue expanding at a strong pace in the months ahead.”

Other Details
Share of respondents expecting stock prices to increase in the year ahead fell to 41.3 percent from a record 51 percent
25.8 percent of consumers said they expect better business conditions in next six months, up from 21.5 percent in previous month.
Share of households who expect incomes to rise in next six months rose to 23.8 percent, highest since 2001, from 20.6 percent
Buying plans for homes, major appliances and new cars increased.

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