Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Old Confederacy
  • Main Street Conservative
  • BLM’s Marxist Agenda
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America

Stein: “The economy is staggeringly strong.”

September 23, 2019 By Richard C. Young

President Donald J. Trump gestures toward the flight line on his arrival to Marine Corps Air Station Miramar Wednesday, Sept. 18, 2019, in San Diego, Calif. (Official White House Photo by Shealah Craighead)

In the words of writer, actor, economist, and lawyer Ben Stein, “The economy is staggeringly strong.” Stein, living in Beverly Hills and Malibu, explains to readers of The American Spectator in his weekly “Ben Stein’s Diary,” that unemployment is a curse that President Trump has lifted from so many Americans. He writes (abridged)

Trump’s promises to make the economy hum have worked out well. Unemployment has fallen by roughly five million souls. Unemployment is a true curse, and for it to fall that much is very good news.

The growth rate has greatly accelerated, close to doubling in the Trump years as compared with the Obama years.

The stock market is way, way, way up, as are corporate profits.

Even manufacturing jobs, which were believed to be dead and buried, have risen amazingly.

Oil production is way up, which is a miracle in these days of extreme uncertainty about the world’s energy supplies. The fracking states have stepped up to the plate in a way that literally avers war. We don’t need to fight over oil in the sand when we have plenty in North Dakota and Midland/Odessa.

Mr. Trump campaigned on what we might once have called supply side. This meant the belief that if we cut taxes, the stimulative effects would be so large that they would offset the loss of revenue and then some. We would have budget surpluses and also rapid growth.

As far as I can tell, that didn’t work out. Deficits grew, and the aggregate federal debt skyrocketed. But we did get a massive kick in the hindquarters from the deficits, and that made the economy grow.

Here are some things we do have to worry about, though: The collapse of education at the public high school and junior high school level.

Violent crime: This is a terrifying statistic. The number of gang-related killings in America’s heartland, especially Chicago, has become scandalous. It greatly outnumbers mass killings with assault rifles, although those are terrible in and of themselves.

We have serious race problems in the United States, and unfortunately some politicians try to capitalize on them for votes — on both the right and the left. But overall, things are far better for everyone in America than we have ever seen them before. And they’re incomparably better for non-white people than we have ever seen them before.

Read more here.

 

 

 

 

 

 

 

 

 

 

 

 

Related Posts

  • The Trump Economy Going Strong
  • Remember America, What President Trump Did For Us All
  • Trump Economy: Lowest Unemployment in 49 Years!
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • Ten Republican Senators to Get Behind - January 21, 2021
  • Why Do Government Officials Want To Silence Their Opponents? - January 21, 2021
  • Progressives Steal White House/Demolish Their Foundation - January 20, 2021

Dick Young’s Must Reads

  • Escape From the City: You’re Going to Like What You See
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • Johnson’s Landslide Tory Victory Crushes Corbyn the Communist
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • Protection While Traveling in France
  • Could this Be the Vanguard GNMA Winning Edge?
  • Does Big Government Create Poverty?
  • You Want the Limo, Not the Public Bus
  • Ted Nugent Tells it Like it Is
  • The Simple, Elegant Power of the Retirement Compounders

Our Most Popular Posts

  • The Recklessness of Arnold Schwarzenegger
  • The Stock Market Is About Money Flows Not Politics.
  • Dick Young’s Safe America: Chapter 1, Part I
  • Who Are Those Urging Violence?
  • Smith Family Robinson in Live Free or Die, NH
  • Warmongering Firestarters Victoria Nuland and Samantha Powers Back
  • Cancel Culture, the Great Purge, Double Standards
  • How Are You Doing on a Local Level?
  • How S.D. Surged in Vaccination Inoculations
  • Insurrection Was the Furthest Thing from Trump’s Mind

Disclosure

RSS Youngresearch.com

  • Do You Know Who’s the Largest Owner of Farmland in America?
  • Investors Are Being Conditioned Not To Recognise the Danger
  • I’ve Been in Richard Young’s Maximizers for Years
  • What Is the Stock Market’s Link to the Economy?
  • Smith Family Robinson in Live Free or Die, NH
  • Dick Young’s Safe America: Chapter 1, Part I
  • Whether Through Audacity or Ignorance, Stock Fundamentals Are Being Ignored
  • Happy Martin Luther King Jr. Day!
  • The Fed is Sacrificing Retirees to Save the Banks
  • Jim Simons’s Renaissance Technologies vs. Internet Forum Traders

Ten Republican Senators to Get Behind

Why Do Government Officials Want To Silence Their Opponents?

And 2022 Is Right Around the Corner

PANDEMIC Pushes Military-Grade Surveillance on Americans Like YOU

Facebook Is Already Censoring This Letter

This Guy Is America’s New President: Shotgun Joe

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives