The Trump effect: New jobs, stock market soars, national debt decreases.
Less then two months into his presidency, President Trump is already having a positive effect on the US economy. Here are a few examples:
The unemployment rate fell to 4.7% as 235,000 new jobs were added in February, President Trump's first full month in charge.
US employers added jobs at an above-average pace as the total number employed in the US rose to a record 152,528,000.
Bloomberg reported1, "The data represents President Donald Trump’s first full month in office and coincide with a surge in economic optimism following his election victory."
As previously reported on Red Pilled World, the Dow Jones has hit record highs since President Trump was elected.2
At the end of February, the Dow Jones reached a 12th consecutive record high close,3 and on March 1st the Dow Jones broke 21,000 for the first time in history.
Bloomberg recently reported that sentiment about the US economy is the strongest it has been since August 2001.4
Here are some key points from their report:
* The Consumer Comfort Index increased to 50.6 in the period ended March 5, the highest since March 2007. (The Consumer Comfort Index has exceeded 50 just six times since April 2002.)
* The Gauge of Economy rose to 48.2, the highest rating since August 2001.
* The Buying-Climate Measure increased to 44.5, the strongest since April 2002.
During President Trump's first 50 days in charge, the national debt was reduced by $60 billion.
As a reminder, after Obama's first 50 days in charge, the national debt had increased by £320 billion.5 And during Obama's eight years as president, the overall increase in the national debt was $9.3 trillion!6
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Here's a reminder of one of President Trump's most famous quotes from before the election:
"I say it kiddingly, but I mean it 100 percent: We’re going to win, win, win! We’re going to win so much, you’re going to get sick and tired of it. You’re going to say “Mr. President, we can’t take it anymore, we’re winning too much! Please, we don’t want to win that much anymore, we can’t take it, Mr. President!” And I’m not going to care, we’re going to keep winning! Because we’re going to make America great again. We’re going to make it greater than ever before!"
Donald Trump's first 50 days as president suggest he did indeed mean it 100 percent. It's early days, but Trump's effect on the economy so far suggests that America is most definitely about to start winning.
#TheTrumpEffect
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Sources:
1 https://www.bloomberg.com/news/articles/2017-03-10/u-s-jobs-wages-show-solid-gains-in-trump-s-first-full-month
2 http://redpilledworld.blogspot.com/2017/03/new-york-times-gets-it-spectacularly.html
3 http://aurora-news.us/2017/02/27/dow-hits-another-record-high-consecutive-daily-all-time-high-greatest-rally-ever/
4 https://www.bloomberg.com/amp/news/articles/2017-03-09/u-s-consumer-comfort-reaches-decade-high-on-economic-optimism
5 https://www.mediacircus.com/2017/03/trump-decreases-national-debt-by-60-in-50-days-media-silent/
6 When Obama took office on January 20, 2009, the national debt was $10.6 trillion. On January 20, 2017, it had increased to $19.9 trillion.
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| "Does he have a magic wand?" |
1) 235,000 new jobs in February
The unemployment rate fell to 4.7% as 235,000 new jobs were added in February, President Trump's first full month in charge.
US employers added jobs at an above-average pace as the total number employed in the US rose to a record 152,528,000.
Bloomberg reported1, "The data represents President Donald Trump’s first full month in office and coincide with a surge in economic optimism following his election victory."
2) Stock market soars to record highs
As previously reported on Red Pilled World, the Dow Jones has hit record highs since President Trump was elected.2
At the end of February, the Dow Jones reached a 12th consecutive record high close,3 and on March 1st the Dow Jones broke 21,000 for the first time in history.
3) US Consumer Comfort Index reaches highest level for a decade
Bloomberg recently reported that sentiment about the US economy is the strongest it has been since August 2001.4
* The Consumer Comfort Index increased to 50.6 in the period ended March 5, the highest since March 2007. (The Consumer Comfort Index has exceeded 50 just six times since April 2002.)
* The Gauge of Economy rose to 48.2, the highest rating since August 2001.
* The Buying-Climate Measure increased to 44.5, the strongest since April 2002.
4) National debt decreases
During President Trump's first 50 days in charge, the national debt was reduced by $60 billion.
As a reminder, after Obama's first 50 days in charge, the national debt had increased by £320 billion.5 And during Obama's eight years as president, the overall increase in the national debt was $9.3 trillion!6
- - - - - - - - - -
Here's a reminder of one of President Trump's most famous quotes from before the election:
"I say it kiddingly, but I mean it 100 percent: We’re going to win, win, win! We’re going to win so much, you’re going to get sick and tired of it. You’re going to say “Mr. President, we can’t take it anymore, we’re winning too much! Please, we don’t want to win that much anymore, we can’t take it, Mr. President!” And I’m not going to care, we’re going to keep winning! Because we’re going to make America great again. We’re going to make it greater than ever before!"
Donald Trump's first 50 days as president suggest he did indeed mean it 100 percent. It's early days, but Trump's effect on the economy so far suggests that America is most definitely about to start winning.
#TheTrumpEffect
- - - - - - - - - -
Sources:
1 https://www.bloomberg.com/news/articles/2017-03-10/u-s-jobs-wages-show-solid-gains-in-trump-s-first-full-month
3 http://aurora-news.us/2017/02/27/dow-hits-another-record-high-consecutive-daily-all-time-high-greatest-rally-ever/
4 https://www.bloomberg.com/amp/news/articles/2017-03-09/u-s-consumer-comfort-reaches-decade-high-on-economic-optimism
5 https://www.mediacircus.com/2017/03/trump-decreases-national-debt-by-60-in-50-days-media-silent/
6 When Obama took office on January 20, 2009, the national debt was $10.6 trillion. On January 20, 2017, it had increased to $19.9 trillion.
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