Roger Kimball is going out on a limb, predicting Donald Trump will be a second term president. Kimball also admits that predictions are subject to all sorts of vagaries to intervene against Donald Trump’s reelection.
But what we have just witnessed is perhaps the most stunningly successful first two years of any administration in history.
The Dow – 18,000 to 26,000
The stock market stood at 18,000 + when Donald Trump was elected president, Roger Kimball reminds readers. Today it is 26,000 something. In his article explaining why Trump will be a second term president, Kimball backs his points with a “proven” authority: Nobel laureate, columnist for the “former paper of record” NYT, and economist extraordinaire Paul Krugman.
… when asked on November 9, 2016, when the stock would recover from the insult of Trump’s election, (Krugman) said “probably never”.
Oh, well. we all make mistakes. But here’s the thing. The stock market, like the weather, does vary. It goes up. It goes down. Over the long term, it goes up, but what we’ve just seen is extraordinary, as anyone with a 401K account can tell.
And here’s my point: a lot of people with 401K accounts vote. They like it when they look at their accounts and see it growing. Which, under the watch of Donald Trump, it has done, spectacularly. It could all go south. Someday, maybe someday soon, there will be a recession. But let’s also keep in mind…
U.S. Economy on Fire
Economic growth. Last year, the US economy grew at a faster rate than anytime since 2005. The White House put it at 3.1 percent, other sources say 2.9 percent. However you slice it, the US economy is on fire, in large part thanks to regulatory reform. The crazed, deep-state bureaucracy that requires a thousand page-form to open a lemonade stand is slowly but surely being gutted. Which is one reason that…
Unemployment at Generational Lows
Black and Hispanic and Asian unemployment are at historic lows. Not only that, the employment in question has seen significant wage increases for the first time in decades. Blue collar jobs are better paid now than they have been, and not only that they are subject to…
… because of the cleverly designed tax cuts. I say ‘cleverly’ because, although I live in a state controlled by brain-dead fiscally incontinent, spendthrift liberals and therefore am penalized by that cleverness, the tax cuts favor those jobs and those states that have not constructed their own tax policies around tax subsidies that, ultimately, hurt states that have keep their economic houses in order.
Read more from Roger Kimball on Trump’s judicial appointments, fight against illegal immigration and more.