Within his first year in office, Trump has broken numerous records—but not one this historic.
We’ve seen the economy rebound in ways nobody was expecting. President Trump landed deals that saw company after company return to the U.S.
A historic tax cut bill brought bonuses and pay increases for many Americans. That’s not to mention deals with other nations that will bring more money and work into the U.S.
Here’s another broken record, and this one says more than anything else about Trump’s effect as President.
From Wall Street Journal:
The number of Americans claiming new unemployment benefits has never been so low for so long.
Initial jobless claims, a proxy for layoffs across the U.S., decreased by 9,000 to a seasonally adjusted 233,000 in the week ended April 7, the Labor Department said Thursday. This means claims have now held below 300,000 for 162 consecutive weeks, cementing the longest streak for weekly records dating back to 1967…
Taking into account the size of the labor force, claims today compared to the late 1960s and early 1970s are much lower…
This year, about twice as many people are in the labor force as in 1969.
The consistently low claims levels point to labor market health because they mean relatively few Americans are losing their jobs and applying for benefits to tide them over until they can find new employment.
Liberals try to dismiss Trump’s successes by saying this was all a result of Obama’s policies. Lol, okay. For eight years the economy languished. Jobs evaporated. The GDP was in the toilet. The deficit doubled. President Obama even said lost jobs weren’t coming back.
Now, after he’s left office, things are getting better. Instead of accepting the fact that it’s Trump’s influence, liberals play make believe. No wonder they’re so bad at running the country.
We can point to numerous reasons why the economy is doing so better under Trump. Perhaps the biggest was his attack on government regulation. During the last two years, he’s rolled back a ton of job-killing regulation. He called it “stealth tax” and it was one of the biggest reasons companies suffered.
Under Obama, it was the exact opposite. He hit industries of all kinds with heavy regulation and penalties. Businesses just couldn’t make money. Which led to downsizing and layoffs.
That all reversed once Trump entered office. This new record is just one of the amazing successes we’re seeing. But the liberal media continues to attack the President. They distract from the good news with rumor, conspiracy, and fake news. It’s almost as if they want America to fail.
But we won’t hide the facts. Unemployment is radically down. Things are looking great for many Americans. Be sure to spread the word.
Source: Wall Street Journal