Anybody looking objectively [i.e., with no political motivation to discredit President Trump] at the U. S. economy today can come to only one conclusion: it is booming. …
Almost 4 million jobs created since the election [400,000 manufacturing jobs, which are growing at the fastest rate in more than three decades.] More Americans are now employed than ever recorded before in our history. Economic growth in some quarters has hit 4.2 percent. New unemployment claims recently hit a 49-year low. Median household income has hit the highest level ever recorded. African-American, Hispanic-American, and Asian-American unemployment has recently achieved the lowest rate ever recorded. Women’s unemployment recently reached the lowest rate in 65 years. Youth unemployment has recently hit the lowest rate in nearly half a century. Lowest unemployment rate ever recorded for Americans without a high school diploma. Veterans’ unemployment recently reached its lowest rate in nearly 20 years. Almost 3.9 million Americans have been lifted off food stamps since the election. U.S. manufacturers optimistic about the future has been as high as 95% — the highest ever. Signed the biggest package of tax cuts and reforms in history. After tax cuts, over $300 billion poured back in to the U.S. in the first quarter alone. Small businesses now have the lowest top marginal tax rate in more than 80 years. Record number of regulations eliminated.
Probable Attributes Of The New Paradigm Implied
- A minimalist view of government regulation
- An America First mentality in developing international trade relationships
- A tax policy focused on maximizing economic growth