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Updated June 16, 2019-
A miracle is taking place in America. It’s enough to give middle-income Americans hope for them and their families for years to come.
Why?
There’s new economic growth and a mega creation of jobs. The 401(k) retirement accounts of Americans are gaining wealth.
This, despite traumatic events:
You might recall hurricanes Harvey and Irma resulted in loss of life and hundreds of billions of dollars in damage to infrastructure and homes leaving countless Americans without power and homeless.
Lawlessness reared its ugly head after countless looters raided damaged businesses and homes in Florida and Texas.
Wildfires – some caused intentionally – have destroyed precious forests in states like California, Washington, Oregon and Montana. Teenagers and a Utah man were arrested for causing fires in Oregon.
The theft of Equifax data affecting 150 million Americans could lead to years of nightmares for home and car buyers.
Instead of objectively chronicling the news events, poll after poll shows mainstream media bias has reached astronomic proportions.
Freedom of speech is no longer allowed on most college campuses. The Left has violently shut down speakers of opposing views.
Symbolic of America’s political divide, ESPN, the former self-proclaimed worldwide leader in covering sports, has hemorrhaged in viewer ratings after firing Conservative sportscasters but supporting Liberal announcers who cross the line in decency. (e.g. Jemel Hill calling President Trump a racist, despite his appointment of women, blacks and Hispanics.)
Democrats have, in some cases, effectively shut down President Trump’s nominees and Republicans resist any Democrat ideas.
Republicans have been dysfunctional in Congress and have only accomplished a few initiatives, but it’s been with little-to-none Democrat cooperation.
Strangely, some influential Republicans are angry that President Trump is bypassing them to reach out to Democrats for needed reforms.
Insurance companies have fled dozens of states’ insurance exchanges leaving Americans without a choice in healthcare.
Countless individuals have been forced to drop healthcare coverage as their individual premiums have skyrocketed by double and triple digit percentages.
The national debt continues to skyrocket.
Calculating debt…
OK, there’s more but you get the idea.
However, here’s some positive news:
In all indices, the stock market has roared to record highs since President Trump’s election.
Investors are thrilled with the Trump agenda of tax and ObamaCare reforms, the elimination of onerous business regulations, federal budget cutbacks, trade policy to bring back jobs and immigration reform.
As businesspeople, investors are not offended by his narcissistic campaign statements.
They understand it’s merely marketing puffery to gain favor with disaffected blue-collar Democrats and Conservatives. (Though unconventional in style, on this site I was able to predict nearly a year in advance Mr. Trump would be elected. Why? He used the five action steps for strong results in a marketing plan.)
Trillions of dollars have entered the markets.
More investment in companies means they’ll be able to create jobs and invest in equipment and technology. Wages have improved 3.2 percent. The average work week is up to 35 hours after languishing in the Obama years.
Already, countless new jobs have been created. In fact, there are seven million unfilled jobs. The unemployment rate has plummeted to its lowest rate in recent memory.
Free enterprise is making a comeback as a result of the Trump bully pulpit.
However, many Republican lawmakers, who resent his “drain the swamp” campaign promise, are bristling at the compromise President Trump negotiated with Democrats on the debt ceiling and government spending.
Many registered voters are sick and tired of the hubris of politicians.
Hmm. It’s morning in America. With a hard-nosed, determined president, count on it continuing.
From the Coach’s Corner, related public-policy articles:
Myths and Truths about Dealing with China and the Tariffs – Five decades ago, the U.S. and China did not have diplomatic relations. But in 1972 it was universally felt that diplomatic relations with China was a worthwhile optimistic goal. Now as it turns out, China’s behavior has become an economic and political powder keg. Here is the solution.
USMCA Will Stop that ‘Giant Sucking Sound’ – You might recall what many politicians considered a ridiculous idea during a debate in the 1992 presidential campaign. Two years before it was implemented in 1994, Ross Perot argued NAFTA would not be a two-way street. Though sounding facetious, he accurately predicted NAFTA would create a giant sucking sound.
1.36 Million Jobs Would be Created by Tariffs on China – Study – A 25 percent tariff on all imports from China would create 1.36 million jobs in five years, according to an economic study.
“Things are not always what they seem; the first appearance deceives many; the intelligence of a few perceives what has been carefully hidden.”
-Phaedrus
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