Imagine how the economy would take off if Congressional Republicans actually supported President Trump instead of working behind the scenes to derail the voter-approved Trump agenda.
Today an Investors.com report indicates U.S. household incomes have just hit a 15-year high, far surpassing the tepid economy that was the hallmark of the Obama era. In fact, in the first three months of his presidency, Donald Trump has already put more money into the pockets of American families than Barack Obama did in 7 1/2 years. Remarkable!
“For eight years, President Obama endlessly talked about “middle class” economics. All the while, middle-class family incomes were stagnant. Now they are on the rise. Could Trumponomics be the reason?
…Another way to look at it: median income has climbed faster in President Trump’s first three months in office than it did during 7-1/2 years of Obama’s economic “recovery.”
…it seems reasonable to conclude that this is an early sign that Trump’s business-friendly economic approach — one that involves cutting taxes, deregulating the economy, repealing ObamaCare, and dialing back the size of government — is already paying dividends.”
If Congress would find a spine and get on board the Trump Train the American economy would enjoy a rate of growth and expansion not seen in generations.
It seems that kind of success for Middle Class America is not a high priority among the nation’s political “leaders.”
Larry Summers doesn’t much care for how effective Donald Trump has already become in rebuilding the great economic machine that appears on the verge of reawakening after a generation of American job-destroying slumber.
Summers, a globalist, is none too keen to see a president so openly declare America-first policies, and is doing all he can to warn Wall Street to back off the now speeding up Trump Train economic recovery.
ABOVE: Larry Summers went so far as to describe Trump’s economic plan as being as ridiculous as believing in Creationism/God in a just-published interview with BLOOMBERG:
“The logic of it, the arguments made, are so far out of the mainstream of any kind of responsible economic thinking that they are the economic equivalent of creationism.”
Trump’s still-developing economic team’s approach to the U.S. economy is based primarily upon vast reductions in stifling federal regulations, sweeping tax reform/tax cuts, and assurances to American businesses that for the first time in a very long time, they have a president who will be a champion of America-first business policies.
That approach appears to sicken economic atheist, Larry Summers:
As for the U.S. stock market, which in turn feeds Middle Class Americans retirement accounts – they seem to like the Trump plan just fine. Stocks across the board are up nearly 15% since Trump won the election in November, equaling more than a TRILLION dollars in added wealth.
Donald Trump will take the Oath of Office in 16 days.