The US economy continued to smash records and surpass expectations in September, with new data showing the American unemployment rate at a half-century low and the Dow Jones Industrial Average reaching an all-time high.
According to CNBC, the Dow rose 219 points Thursday with the S&P 500 also breaking its previous record. The President hailed the news on social media, saying “S&P 500 HITS ALL-TIME HIGH Congratulations USA!”
S&P 500 HITS ALL-TIME HIGH Congratulations USA!
— Donald J. Trump (@realDonaldTrump) September 20, 2018
The stunning economic data may spell disaster for Democrats hoping to retake Congress this fall, with House Minority Leader Nancy Pelosi vowing to repeal the ‘GOP Tax Scam’ should her party win big during the midterm elections.
Read the full report at CNBC.
GREAT AGAIN: Business Optimism SOARS to Highest Level in History, Tops REAGAN ERA
The United States economy continued to roar to life under President Trump and the Republican-controlled Congress in August, with new data showing small business optimism smashing expectations and reaching the highest level in recorded history.
According to CNBC, the NFIB Small Business Optimism Index surged to 108.8 last month; reaching the highest level in the survey’s 45-year history and beating the previous record reached under President Reagan at 108 in 1983.
“The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July,” writes CNBC.
“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming,” said the NFIB President and CEO. “As the tax and regulatory landscape changed, so did small business expectations and plans.”
Read the full story at CNBC.
GREAT AGAIN: Dow SOARS 31% Under TRUMP, Best Year Since GREAT DEPRESSION
As Democrats and Republicans scramble to reach a last-minute agreement to avert a federal government shutdown, the stock market continues to smash records under President Trump; soaring 31% in his first year in office and posting the greatest gains since President Franklin Roosevelt.
According to CNBC, the Dow has surged over 31% since President Trump’s inauguration in January 2017, marking the largest increase since Franklin Delano Roosevelt’s first year in office which saw the Dow “skyrocket” by 96.5% following the Great Depression.
“This is all about policy,” said a chief investment strategist at Baird. “You’ve got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders.”
President Trump rode a wave of economic promises and policies into the Oval Office throughout the 2016 presidential race; vowing to put “America First” and unleash “the power of the American worker.”
Trump touted the economic gains throughout the country at a rally in Pennsylvania Thursday, saying the US is “coming back bigger and better.”
“We are coming back bigger and better and stronger than ever,” said the President. “At the center of America’s resurgence are the massive tax cuts that I just signed into law.”