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Stock Market Records Prove a Soaring Economy Serves Everyone

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
126,767
85,899
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"Everyone"............. a real tough concept for the left.... You see, they aren't inclusive. They are in fact implicitly racist, misogynistic and bigoted.

http://observer.com/2018/01/dow-records-prove-effectiveness-of-trumps-tax-cuts-deregulation/

Anticipating that tax reform would pass, the Dow set an all-time record in December of 24,000. After tax reform passed just before Christmas, it climbed to 25,000. And yesterday it reached a new record of 26,000.

The stock market explosion in Trump’s first year has created $5.4 trillion in new wealth in America, more than the GDP of most countries in the world. This new wealth is broadly shared throughout America by everyone with stock ownership, either directly or though pension plans and retirement savings.

But it also has much broader significance. The market is forward-looking. As such, it has long been considered a leading indicator of the future. Investors are betting their money on increased economic growth, higher GDP, new jobs, higher wages, and billions more in business sales, profits and income.

All this is already resulting from the broad tax cuts for businesses and corporate employers, the middle class, blue collar workers, and the poor. It’s also a result of economic liberation due to Trump’s deregulation, especially relating to energy and the environment. After all, America has the resources to be the world’s top producer of oil, natural gas and coal.

Economic growth in Trump’s first year in office nearly doubled Obama’s average of 1.55 percent growth to over 3 percent. And it’s on its way to 4 percent a year, and more, as the economy finally rebounds from the 2008-09 recession.
 
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