Economy

GREAT AGAIN: US Added 700,000 NEW MILLIONAIRES in Trump’s FIRST YEAR

posted by Hannity Staff - 3.22.18

The number of millionaires residing in the United States jumped by over 700,000 households during President Trump’s first year in office; signaling a strong American recovery and booming stock markets heading into 2018.

According to CNBC, the United States now has over 11 million households with residents earning a combined income of more than $1 million; smashing records and jumping over 6% from 2016.

“It was the equity markets that really pulled these folks up,” said a leading economist. “This is the group that has the most equity holdings, so the biggest change is at the high end.”

The strong economic data shows further signs of a booming US economy under President Trump and the Republican-controlled Congress; with industry leaders crediting the rising stock market, high employment, and decreased taxes for the stunning growth.

American workers are seeing higher wages, big bonuses, and expanded benefits just months after the President signed the sweeping overhaul of the nation’s outdated tax code into law.

GREAT AGAIN: $2 TRILLION Added to US Economy Under President Trump

posted by Hannity Staff - 8.14.17

The United States Stock Market has added over $2 trillion to the American economy since President Trump won the 2016 presidential election; smashing expectations and further signaling a robust recovery following years of stagnant growth under Barack Obama.

According to CNBC, the S&P 500 stock index grew by $2.04 trillion since Donald Trump defeated Hillary Clinton last November; soaring after the election on renewed hopes of significant tax reform and the reduction of burdensome regulations imposed by Trump’s predecessor.

The largest gains were seen in information technology, financial services, healthcare, and materials.

President Trump now sets his sights on reforming the nation’s complicated and outdated tax code, a key campaign promise to deliver tax relief to millions of American families and businesses.

“People are in wait-and-see mode in terms of tax reform. We get a bit of a pop every time it gets mentioned, but I think the market is in a bit of disbelief,” said one market strategist.

Analysts also credit President Trump’s pledge to rebuild the American military with the massive rise in stocks associated with Defense contracts, reporting some businesses have seen growth of 30% since the US election last fall.

GREAT AGAIN: American Jobless Claims PLUMMET to 45 YEAR LOW

posted by Hannity Staff - 2.08.18

The US economy continues to soar under President Trump and the Republican-controlled Congress, with jobless claims dropping to just 221,000 in the first days of February; the lowest figures seen since March of 1973.

The 45-year-low signals the American recovery is in full-swing following years of low GDP growth and stagnant wages. Economists cite the recent gains as a direct result of a strong job growth and the President’s recently signed overhaul of the nation’s overly complicated tax system.

According to MarketWatch, the stunning numbers are a result of “big declines” in unemployment claims in Missouri, California, and New York; a result of 200,000 new private payroll jobs in January and an unemployment rate hovering at just 4.1%.

“Even better, the long-awaited uptick in worker wages might be in the offing. The yearly increase in hourly pay rose to a nine-year high of 2.9%,” MarketWatch adds.

The rosy economic outlook comes as major American corporations -such as AT&T, Walmart, Disney, Starbucks, American Airlines, Home Depot, FedEx, UPS, Visa, and others- announced their plans to raise wages, expand benefits, and pay out big bonuses in the wake of the GOP-led tax cuts late last-year.

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