Thank you Investors Business Daily!
A journalistic magazine with credibility still in tact!
I guess you have to rely on the financial media for honest news now.
That’s right, IBD just gave a list of 8 things they see that prove Trump is already transforming American in a great way!
Take a look:
In fact, I see eight signs that we are on the right track:
The stock market continues to break records. The record-high Nasdaq is up 18% this year. The S&P 500’s Tech Sector index hit a record high not seen since its bubble in 2000. And the Dow Jones industrial average continues to enjoy new highs.
The job market is heating up. The unemployment rate fell from 4.8% in October to 4.4% in June. This year, the civilian labor force participation rate hit 160 million Americans, a record never once reached in eight years under President Obama. And Trump set this record without harmful record deficits or the Federal Reserve pumping trillions of dollars into the economy.
Wages are rising. For the first time in seven years, the working class saw a jump in pay. According to Department of Labor data released on July 19, average pay for the lowest-income Americans went up 3.4% over 2016. We see the effects of this increasingly strong labor force here at the Consumer Technology Association. We win multiple awards as a great place to work and we pay competitive salaries, but in recent months we have had to pay more to lure the best people to work for us.
Businesses are investing more in the U.S. Draconian federal rules are on the way out. Businesses are booming, thanks to the stock market and potential for tax reform. And the president’s push for U.S. investment is being taken seriously, prompting many American and even some foreign companies to announce major U.S. investments.
Our foreign positioning has improved. Our allies are realizing that Uncle Sam has limits to his generosity. Despite some political bluster, President Trump has kept our commitment to NATO while raising pressure on other countries to keep their commitments to the alliance.
Trade policy and trade agreements can improve. Dropping out of the Trans-Pacific Partnership (TPP) seems isolationist and contrary to our interests. Indeed, TPP signatories are already flirting with China, which is seeking to fill the void the U.S. left after withdrawing from the deal.
Americans are safer and more secure. Other than a nuclear North Korea, a problem kicked down the road by the last few presidents, Americans today enjoy a safer world and stronger economy. The Mideast is no longer boiling over, ISIS is dying, Asia is stabilizing and Europe is expecting less money from us.
America is fostering innovative new technologies. The Trump administration is preparing for the future by focusing on new technologies, such as self-driving vehicles, drones, artificial intelligence and the Internet of Things. And his team is thinking about how to use these technologies to encourage U.S. manufacturing and infrastructure. The administration’s decision to use biometric screenings to track U.S. visitors using visas is another step that will ensure American safety through the use of technology.
Read the full list here.
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