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Great News for the Economy May Turn the Predicted 'Blue Wave' into a 'Red Tsunami'

Posted By: Dquixote1217
Date: Thursday, 4-Jan-2018 15:20:04

The Dow just hit 25, setting yet another in a stream of records (over 80) since Trump was elected. That works out to almost $7 Trillion in added value. In November, 250,000 new jobs were created - in the private sector, not the government sector. Business and consumer confidence are at 17 year highs. Wages are beginning to rise after 8 years of stagnation. People with 401K retirement programs - a huge number of people - have seen their retirement fund increase by 25% or more.

The GDP has been above 3% for three quarters in a row - compared to 1.9% annual growth the past 8 years during which no year hit 3% growth and the "handoff" final quarter of 2016 was a puny 1.5%, (growth figures Obama tried to convince us were the "new normal"). The labor participation rate which Obama underployed is once again rising, as more jobs and rising wages are resulting in people who had given up looking for work are returning to the workforce.

And all of that good news is BEFORE the tax bill has taken effect, when the vast majority of Americans will see larger paychecks, less taxes, more jobs, rising wages, even lower unemployment and even higher GDP. Estimates are for 3.5% to possibly 4% GDP growth for 2018 and as much as 5% or more growth in 2019, when the effect of the tax bill will be fully realized.

Already, over 30 big companies have given bonuses and wage increases to over a million employees in anticipation of the tax bill's effects and the booming economy. You can expect a slew of other companies to follow suit because they realize that they will have to be generous to their employees to keep from losing them to competitors.

While all this good news is happening, how much of it do you see in the hysterical Trump-hating media? Despite all of the smears by reporters and pundits who seem addicted to hating Trump and wake up every day with a goal of finding something to criticize (if not downright smear) about Trump and despite the Democrats continued strategy of total obstructionism, does anyone believe that voters are going to want to go back to what they had before Trump was elected? I don't.

I, for one, believe that more and more voters are going to get more and more fed up by politicians, media and celebrities who lie and mislead and who had rather see America fail than see Trump succeed. The predicted blue wave in this year's election just might turn into a red tsunami.

My two cents





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