When it comes to America, our favorite nation, what a difference a year makes. Everything is looking up. The economy is roaring, by all accounts. Unemployment is just over 4%, a level most economists consider full employment. The Gross Domestic Product is up 3.2% on an annual basis. New home sales are through the roof. The stock market is up more than 30% (what?) from this time a year ago. The market is now double what it was six years ago. The last official recession ended in 2009, eight years ago.
Things are going so well that the only gloomy people you can find these days are the progressive lefties in Congress and on CNN. They just can’t believe what’s going on. Why isn’t Trump wearing chains in a federal prison? Instead he’s signing historic tax cuts, killing the Obamacare mandate, rolling back regulations, banning inbound travel from Muslim countries, putting conservative judges on the bench, cracking down on sanctuary cities, and otherwise undoing in one year just about everything Obama did over the course of eight years as President. The much-feared “government shutdown” ended when the lefty democrats beat a hasty retreat upon realizing that a majority of the public actually doesn’t care all that much about the children (in some cases the adult children) of illegal aliens.
It’s a good time to ask a few questions about what’s going on. Has Trump repealed the business cycle? How strong is the economy really? What’s causing the turnaround from the relative gloom of the Obama years? Who is benefiting the most from the upturn? And most importantly, how long will it last and what’s going to cause it to stop?
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