*With the annoying misdirection of the Mainstream Media (MSM), it is difficult to get a handle on just what transpired in the first 100 days of President Trump. We know that stock market advanced something like 12% and consumer confidence has risen to its highest level in 16 years although the MSM doesn’t mention those kinds of new items. Here is Judge Jeanine Pirro discussing the President’s first 100 days.*
I love riding my bike every day. I experience a wonderful physical pleasure pressing down on the pedals and feeling myself flying across the path. In addition, I am very happy that bike riding has also helped me to attain a level of good health higher than I ever enjoyed in my life. Those are the physical things. Very important to me. There are also other aspects of riding that I enjoy very much. I can’t tell you how many times that I have pedaled across the pavement and found myself bouncing around ideas for a blog post. Ideas connect, I do some phrasing and by the time I get home it is like I can dictate the post from my head.
This is one of those posts. I love John Fogerty and his wonderful upbeat music. Here is one he performed about ten years ago during the last administration.
*I grew up in the ’40’s. As kids we went to the movies on Saturday and saw double features of cowboy movies. Lots of gunslingers. There is something archetypal about them. A loner, quiet, deadly, mysterious, a scary guy.*
Beauty is in the eye of the beholder and apparently, according to the mainstream media, so is economic growth.
*In Friday’s New York Times, Nelson D. Schwartz wrote a piece headed “LIttle sign of a Trump Bump in the Economic Forecast.” He says that consumers are more confident, but doesn’t say why. Nor does he go into the detail that consumer confidence reported two days ago hit their highest levels in 16 years. No, in the Times, consumers are just “more confident.” That’s what I call damning with faint praise. AND giving a very distorted picture of the situation.*
Schwartz continues in his opening paragraph that “stocks are up five percent since the start of the year.” That’s factual, but, again a distortion. Why start at the beginning of the year? President Trump was elected November 8, 2016. Since then, stocks have risen something like 12 percent. Not quite the same picture, but the same result. Somehow five percent doesn’t sound nearly as impressive as 12 percent. Additionally, this stock market gain has put something like $3.0 trillion into the accounts of investors. A lot of people are a whole lot better off in their IRA accounts since the election.
Elsewhere, I saw news stories on the fact that stocks had declined for eight straight days as signs of the President’s failure. But, in that recent selloff prices only declined less than two percent. Remember, this followed a run up or around 12 percent. Clearly, a two percent decline after a 12 percent gain is not unwarranted.
The Trump presidency is 70 days old. I think the economy has already benefitted greatly and his policies are still in the process of being implemented.
*It just never ends, does it? This is a Time cover from 2006 when George Bush was President. Clearly Time didn’t care for him any more than it and the rest of the mainstream media does for President Trump.*
Hard to beat this logic …