*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.*
*The following was reported in the Daily Mail:*
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.
Go figure …
A majority of Americans are optimistic that President Donald Trump can do a good job of making the country prosperous, according to the latest Gallup poll.
Some 54% say they believe that President Trump can make the country’s businesses prosper under his guidance.
This poll is in line with the stock market having added $3.0+ trillion to its value since the President was elected in November. Despite coverage from mainstream media, the sentiment among consumers, investors and businesses is very positive.
The mainstream media has chosen to ignore it, but here are the numbers for the first 50 days of Donald Trump’s Presidency:
The following breakdown is from Charles Payne financial advisor.
We got a strong jobs report Friday that confirmed the rebound in jobs in key areas that will move wages higher and have a greater socioeconomic impact.
This figure is significant because the Obama presidency was characterized by people leaving the workforce in droves. By the time he left office over 90 million people were no longer in the work force.
Blue collar work is coming back:
This is significant because the majority of the jobs in the Obama years were in the lower paying service industry. The following are the ones that most benefit workers in particular and the country as a whole.
In summary, Payne said, “Consider that from January 2016 to October 2016 investors pulled $117.2 billion from equity funds, of which $109.5 billion came from domestic funds (money earmarked to be invested in shares of American businesses).
That all changed in November when $23.0 billion poured into equity funds, of which $21.4 billion was committed to domestic funds. Since November 2016 through March 1, 2017, $114.7 billion has flowed into equity funds, of which $76.8 billion has gone into domestic funds. This is very important considering in the past, Americans eschewed domestic stocks for foreign investments.