Those of you who are old enough can remember the 80s. Not only the music from the 80s but politics on the right side. UK`s PM Margareth Thatcher and US President Ronald Reagan. Two characters who did so much great for the world.
Take a closer look at the pound. It`s 1 against the US dollar. Just like it was in the ’80s. The economy in the UK is in trouble, but PM Liz Truss wants to do something about that. And what she`s planning to do is very similar to Trump’s policy: tax cuts.
Liz Truss is pro-growth, and this is similar to Giorgia Meloni`s policy. They are both dismissed as extremists, and people are worried. Truss is also pro-fracking, and she will end the ban on fracking from oil and gas.
On top of that, she will provide relief for rising energy costs, reduce to the income tax rate, and slash corporate and payroll taxes. This is very similar to Trumponomics. If not to say; Reaganomics. And if Liz Truss can do all this, she can become the UK`s next Margareth Thatcher.
Many people believe that the more tax people pay, the more the government earns. But it isn`t that easy, and it doesn`t always work like this. When you raise taxes, very often we can see that revenues are declining.
I like to see a cheap pound because it makes me buy things from the UK very cheap. The lower the pound is, the cheaper the products are. Not only that. A lot of people around the world will take their next trip to the UK because of a lower pound. It means a party for the rest of us, and that can boost the economy in the UK. This is bullish.
Italy is doing the same. Meloni will cut taxes as well, and people are worried. They call them both extremists and neo-fascists. But they are the opposite. Let`s wait and see.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Inflation is serious stuff. It makes people`s money less valuable, and it means a lot of trouble for a lot of people. But I`m not shocked, because we knew it was coming someday. I wrote about nine years ago, and here we are.
Ronald Reagan was fighting against inflation in the ’80s, and he once said;
«Inflation is as violent as a mugger, as frightening as an armed robber, and as deadly as a hit man.»
I bet Chair Powell thinks the same, as he raised the federal fund’s rate by 75 bps to the 3% – 3,25% range during its September meeting. This is the third three-quarter point increase, pushing borrowing costs to the highest since 2008.
Policymakers also anticipate that ongoing increases in the target range will be appropriate which was reinforced by Chair Powell during the press conference.
«We have got to get inflation behind us. I wish there were a painless way to do that. There isn`t. The so-called dot plot showed interest rates will likely reach 4,4% by December, above 3,4% projected in June, and rise to 4,6% next year.
Meanwhile, GDP growth forecasts were revised lower to show a 0,2% expansion this year, compared to 1,7% seen in June and 1,2% in 2023, below 1,7% seen in June. Inflation as measured by PCE is seen to reach 5,4% in 2022 (5,2% projected in June) and 2,8% in 2023 (vs 2,6%).
They also expect the unemployment rate to raise up to 4,4% next year. In August this year, the unemployment rate rose to 3,7%, which is the highest since February and above market expectations of 3,5%.
The number of unemployed people increased by 344 thousand to 6,014 million, while employment levels went up by 442 thousand to 158,732 million. Meanwhile, the labor force participation rate rose to 62,4% in August from 62,1% in July.
The unemployment rate was about 4% right after the dot com bubble, but it rose to about 6% a few years later. In 2010, the unemployment rate rose to about 10% but it peaked at an all-time high of nearly 16% after all the lockdowns.
Banks in nearly every country (not China and Japan) are facing similar trade-offs as they raise rates to combat their own inflation problems.
The inflation rate in the US is 8,3%. In the UK it`s 9,9%. Euro Area; 9,1%. In China and Japan, the inflation rate is 2,5% and 3,0%. But this is nothing compared to Turkey where the inflation rate rose for the 15th consecutive month to 80,2% in August of 2022.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Donald Trump is still popular. In 2018, Republicans used to call Ronald Reagan the best president in US history, but now, in 2021, it`s Donald Trump, according to the latest Economist/YouGov poll. Trump is at the top (36%), while Ronald Reagan is second (18%), followed by Abraham Lincoln (13%).
Among all Americans, Donald Trump comes in third at 13% with Barrack Obama on top of the list at 18%, followed by Abraham Lincoln at 17%. President Joe Biden is not on the list at all, as he had served less than 20 days when the survey began.
I support all the presidents no matter what side they are on, but that doesn`t mean I agree with all they do and say. Right now, Biden is the president, and he has a lot of things to fix. And Trump talked about it in his speech at CPAC.
«We`re in the middle of a historic struggle for America`s future, America`s culture, and America`s institutions. Our very identity as Americans is at stake, like perhaps at no other time, so no matter how much the Washington establishment and the powerful special interests may want to silence us, let there be no doubt; we will be victorious and America will be stronger and greater than ever before,» Trump said in the speech.
Much of the crazy ideas are coming from the left side. Ideas like language are violent, don`t practice yoga or cook Chinese food, there is no such thing as biological sex and only white people can be racist. Many people are confused by these ideas.
Do you wonder how some people on the left side have managed so quickly to challenge the very logic of Western society?
What`s going on in America is not unique. It`s the same playbook in Europe as well. President Macron talked about it a few days ago and said he doesn`t want all these crazy ideas from the left in France. Sorry Macron, but it all started there; in France.
It`s an evolution from French postmodernism to its refinement within activist academic fields. Today we can recognize it by its effects, such as cancel culture and social-media dogpiles, as by its tenets, which are all too often embraced as axiomatic in mainstream media:
knowledge is a social construct; science and reason are tools of oppression; all human interactions are sites of oppressive power play, and language is dangerous. As they warn, the unchecked proliferation of these anti-Enlightenment beliefs presents a threat not only to liberal democracy but also to modernity itself.
This is what authors Helen Pluckrose and James Lindsay talk about in their book; «cynical theories.» While acknowledging the need to challenge the complacency of those who think a just society has been fully achieved, Pluchrose and Lindsay break down how this often-radical activist scholarship does far more harm than good, not least to those marginalized communities it claims to champion.
They also detail its alarmingly inconsistent and illiberal ethics. Only through a proper understanding of the evolution of these ideas, they conclude, can those who value science, reason, and consistently liberal ethics successfully challenge this harmful and authoritarian orthodoxy, in the academy, in culture, and beyond.
During the modern period in the last two centuries in most Western countries, there has been developed a broad consensus in favor of the political philosophy known as «liberalism.»
The main tenets of liberalism are political democracy, limitations on the powers of government, the development of universal human rights, legal equality for all adult citizens, freedom of expression, respect for the value of viewpoint diversity and honest debate, respect for evidence and reason, the separation of church and state, and freedom of religion.
These liberal values developed as ideas and it has taken centuries of struggle against theocracy, slavery, patriarchy, colonialism, fascism, and many other forms of discrimination to honor them as much as we do, still imperfectly today, Pluckrose and Lindsay said.
But the struggle for social justice has always been strongest when it has cast itself as the defender of liberal values universally, insisting that they are applied to all individuals, not just to wealthy white males.
It must be noted that the general philosophical position that we call «liberalism» is compatible with a wide range of positions on political, economic, and social questions, including both what Americans call «liberal» (and Europeans call «social-democratic») and modern forms of what people in all countries call «conservative.»
This philosophical liberalism is opposed to authoritarian movements of all types, be they left-wing or right-wing, secular of theocratic.
Liberalism is thus best thought of as a shared common ground, providing a framework for conflict resolution and one within which people with a variety of views on political, economic, and social questions can rationally debate the options for public policy.
However, we have reached a point in history where liberalism and modernity at the heart of Western civilization are at great risk on the level of the ideas that sustain them.
The precise nature of this threat is complicated, as it arises from at least two overwhelming pressures, one revolutionary and the other reactionary, that are waging war with each other over which illiberal direction our societies should be dragged.
Far-right populist movements claiming to be making a last desperate stand for liberalism and democracy against a rising tide of progressivism and globalism are on the rise around the world.
Trump said in the speech that his movement is successful. «We began it together four years ago and it is far from being over,» he said.
To contact the author: post@shinybull.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
The Hate Trump Media Mob is always negative about Trump, but a lot of CEO`s is the opposite. One of them is CEO Robert Unanue who spoke to Fox about the future of capitalism and socialism.
Its founder of his company Goya Foods, Prudencio Unanue Ortiz, migrated from Spain, in the 20th century. Now, the family is the 170th richest family in the U.S, and the company is the largest Hispanic-owned food company in the U.S.
In July 2020, Goya Foods Robert Unanue visited the White House and pledged one million cans of Goya chickpeas to food banks, saying «Americans are truly blessed to have a leader like Donald Trump.»
The comments sparked some negative reactions and calls for a boycott of Goya Foods, which in turn sparked counter-boycotts in support of Goya. On 7 December 2020, Robert stated that Ocasio-Cortez was named employee of the month after her boycott call led to a 1000% sales spike.
The family supported Michelle Obama in 2012 with MyPlate, an initiative to encourage Hispanics and African Americans to eat a balanced meal. 30 – 40% more Hispanics and African Americans voted for Trump in Florida alone. Trump must have done something right.
What`s being said today is similar to what Ronald Reagen said in the ’80s. It`s about capitalism, communism, freedom, prosperity, and religion. It`s a big surprise to me to see what Reagan said in a speech called «Evil empire» on 8 March 1983.
The most interesting thing is that Reagan talked about the American experiment in democracy. Experiment? Was 6 January 2021 the beginning of the end of that experiment? Time will show……
The speech is so interesting, so I want you to take a few minutes and read and judge for yourself. Here is a part of the speech;
RONALD REAGAN, “EVIL EMPIRE SPEECH” (8 MARCH 1983)
…..So I tell you there are a great many God-fearing, dedicated, noble men and women in public life, present company included. And yes, we need your help to keep us ever mindful of the ideas and the principles that brought us into the public arena in the first place. The basis of those ideals and principles is… a commitment to freedom and personal liberty that, itself is grounded in the much deeper realization that freedom prospers only where the blessings of God are avidly (mispronounces and corrects himself) sought and humbly accepted.
[9] The American experiment in democracy rests on this insight. Its discovery was the great triumph of our Founding Fathers, voiced by William Penn when he said: “If we will not be governed by God, we must be governed by tyrants.” Explaining the inalienable rights of men, Jefferson said, “The God who gave us life, gave us liberty at the same time.” And it was George Washington who said that “of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports.”
[10] And finally, that shrewdest of all observers of American democracy, Alexis de Tocqueville, put it eloquently, after he had gone on a search for the secret of America’s greatness and genius–and he said: “Not until I went into the churches of America and heard her pulpits aflame with righteousness did I understand the greatness and the genius of America. America is good. And if America ever ceases to be good, America will cease to be great.” [Applause]
[11] Well, I’m… [Applause] ..Well, I’m pleased to be here today with you who are keeping America great by keeping her good. Only through your work and prayers and those of millions of others can we hope to survive this perilous century and keep alive this experiment in liberty, this last, best hope of man.
[12] I want you to know that this administration is motivated by a political philosophy that sees the greatness of America in you, her people, and in your families, churches, neighborhoods, communities–the institutions that foster and nourish values like concern for others and respect for the rule of law under God.
[13] Now, I don’t have to tell you that this puts us in opposition to, or at least out of step with, a–a prevailing attitude of many who have turned to a modern-day secularism, discarding the tried and time-tested values upon which our very civilization is based. No matter how well-intentioned, their value system is radically different from that of most Americans. And while they proclaim that they’re freeing us from superstitions of the past, they’ve taken upon themselves the job of superintending us by government rule and regulation. Sometimes their voices are louder than ours, but they are not yet a majority. [Applause]
[14] An example of that vocal superiority is evident in a controversy now going on in Washington. And since I’m involved, I’ve been waiting to hear from the parents of young America. How far are they willing to go in giving to the government their prerogatives as parents?
[17] Well, we have ordered clinics receiving federal funds to notify the parent’s such help has been given. [Applause] One of the nation’s leading newspapers has created the term “squeal rule” in editorializing against us for doing this, and we’re being criticized for violating the privacy of young people. A judge has recently granted an injunction against an enforcement of our rule. I’ve watched TV panel shows discuss this issue, seen columnists pontificating on our error, but no one seems to mention morality as playing a part in the subject of sex. [Applause]
[19] Many of us in the government would like to know what parents think about this intrusion in their family by the government. We’re going to fight in the courts. The right of parents and the rights of family take precedence over those of Washington-based bureaucrats and social engineers. [Applause]
[20] But the fight against parental notification is really only one example of many attempts to water down traditional values and even abrogate the original terms of American democracy. Freedom prospers when religion is vibrant and the rule of law under God is acknowledged. [Applause] When our founding fathers passed the First Amendment, they sought to protect churches from government interference. They never intended to construct a wall of hostility between government and the concept of religious belief itself. [Murmurs of agreement, Applause]
[21] The evidence of this permeates our history and our government. The Declaration of Independence mentions the Supreme Being no less than four times. “In God We Trust” is engraved on our coinage. The Supreme Court opens its proceedings with a religious invocation. And the members of Congress open their sessions with a prayer. I just happen to believe the schoolchildren of the United States are entitled to the same privileges as [Continues over applause] Supreme Court Justices and Congressmen.
[22] Last year, I sent the Congress a constitutional amendment to restore prayer to public schools. Already this session, there’s growing bipartisan support for the amendment, and I am calling on Congress to act speedily to pass it and to let our children pray. [Applause]
[24] Senators Denton and Hatfield have proposed legislation in Congress on the whole question of prohibiting discrimination against religious forms of student speech. Such legislation could go far to restore freedom of religious speech for public school students. And I hope the Congress considers these bills quickly. And with your help, I think it’s possible we could also get the constitutional amendment through the Congress this year. [Applause]
[25] More than a decade ago, a Supreme Court decision literally wiped off the books of fifty states, statutes protecting the rights of unborn children. Abortion on demand now takes the lives of up to one and a half million unborn children a year. Human life legislation ending this tragedy will someday pass the Congress, and you and I must never rest until it does. [Applause] Unless and until it can be proven that the unborn child is not a living entity, then its right to life, liberty, and the pursuit of happiness must be protected. [Applause]
[29] Now, I’m sure that you must get discouraged at times, but there you’ve done better than you know, perhaps. There’s a great spiritual awakening in America, a [Applause]…a renewal of the traditional values that have been the bedrock of America’s goodness and greatness.
[30] One recent survey by a Washington-based research council concluded that Americans were far more religious than the people of other nations; 95 percent of those surveyed expressed a belief in God and a huge majority believed the Ten Commandments had real meaning in their lives, and another study has found that an overwhelming majority of Americans disapprove of adultery, teenage sex, pornography, abortion, and hard drugs, and this same study showed a deep reverence for the importance of family ties and religious belief.
[31] I [Applause]…I think the items that we’ve discussed here today must be a key part of the nation’s political agenda. For the first time, the Congress is openly and seriously debating and dealing with the prayer and abortion issues–and that’s enormous progress right there. I repeat: America is in the midst of a spiritual awakening and a moral renewal. And with your biblical keynote, I say today, “Yes, let justice roll on like a river, righteousness like a never-failing stream.”
[32] Now, [Applause]…obviously, much of this new political and social consensus I’ve talked about is based on a positive view of American history, one that takes pride in our country’s accomplishments and record. But we must never forget that no government schemes are going to perfect man. We know that living in this world means dealing with what philosophers would call the phenomenology of evil or, as theologians would put it, the doctrine of sin.
[33] There is sin and evil in the world, and we’re enjoined by Scripture and the Lord Jesus to oppose it with all our might. Our nation, too, has a legacy of evil with which it must deal. The glory of this land has been its capacity for transcending the moral evils of our past. For example, the long struggle of minority citizens…for equal rights, once a source of disunity and civil war is now a point of pride for all Americans. We must never go back. There is no room for racism, anti-Semitism, or other forms of ethnic and racial hatred in this country. [Long Applause]
[34] I know that you’ve been horrified, as have I, by the resurgence of some hate groups preaching bigotry and prejudice. Use the mighty voice of your pulpits and the powerful standing of your churches to denounce and isolate these hate groups in our midst. The commandment given us is clear and simple: “Thou shalt love thy neighbor as thyself.” [Applause]
[35] But whatever sad episodes exist in our past, any objective observer must hold a positive view of American history, a history that has been the story of hopes fulfilled and dreams made into reality. Especially in this century, America has kept alight the torch of freedom, but not just for ourselves, but for millions of others around the world.
[36] And this brings me to my final point today. During my first press conference as president, in answer to a direct question, I pointed out that, as good Marxist-Leninists, the Soviet leaders have openly and publicly declared that the only morality they recognize is that which will further their cause, which is world revolution. I think I should point out I was only quoting Lenin, their guiding spirit, who said in 1920 that they repudiate all morality that proceeds from supernatural ideas–that’s their name for religion–or ideas that are outside class conceptions. Morality is entirely subordinate to the interests of class war. And everything is moral that is necessary for the annihilation of the old exploiting social order and for uniting the proletariat.
[37] Well, I think the refusal of many influential people to accept this elementary fact of Soviet doctrine illustrates a historical reluctance to see totalitarian powers for what they are. We saw this phenomenon in the 1930s. We see it too often today.
[38] This doesn’t mean we should isolate ourselves and refuse to seek an understanding with them. I intend to do everything I can to persuade them of our peaceful intent, to remind them that it was the West that refused to use its nuclear monopoly in the forties and fifties for territorial gain and which now pr-proposes 50 percent cut in strategic ballistic missiles and the elimination of an entire class of land-based, intermediate-range nuclear missiles. [Applause]
[39] At the same time, however, they must be made to understand: we will never compromise our principles and standards. We will never give away our freedom. We will never abandon our belief in God. [Long Applause] And we will never stop searching for genuine peace, but we can assure none of these things America stands for through the so-called nuclear freeze solutions proposed by some.
[40] The truth is that a freeze now would be a very dangerous fraud, for that is merely the illusion of peace. The reality is that we must find peace through strength. [Applause]
[41] I would a-[Applause continuing]…I would agree to a freeze if only we could freeze the Soviets’ global desires. [Laughter, Applause] A freeze at current levels of weapons would remove any incentive for the Soviets to negotiate seriously in Geneva and virtually end our chances to achieve the major arms reductions which we have proposed. Instead, they would achieve their objectives through the freeze.
[42] A freeze would reward the Soviet Union for its enormous and unparalleled military buildup. It would prevent the essential and long overdue modernization of the United States and allied defenses and would leave our aging forces increasingly vulnerable. And an honest freeze would require extensive prior negotiations on the systems and numbers to be limited and on the measures to ensure effective verification and compliance. And the kind of a freeze that has been suggested would be virtually impossible to verify. Such a major effort would divert us completely from our current negotiations on achieving substantial reductions. [Applause]
[43] I, a number of years ago, I heard a young father, a very prominent young man in the entertainment world, addressing a tremendous gathering in California. It was during the time of the cold war, and communism and our own way of life were very much on people’s minds. And he was speaking to that subject. And suddenly, though, I heard him saying, “I love my little girls more than anything–” And I said to myself, “Oh, no, don’t. You can’t — don’t say that.” But I had underestimated him. He went on: “I would rather see my little girls die now; still believing in God than have them grow up under communism and one day die no longer believing in God.” [Applause]
[44] There were…There were thousands of young people in that audience. They came to their feet with shouts of joy. They had instantly recognized the profound truth in what he had said, with regard to the physical and the soul and what was truly important.
[45] Yes, let us pray for the salvation of all of those who live in that totalitarian darkness–pray they will discover the joy of knowing God. But until they do, let us be aware that while they preach the supremacy of the State, declare its omnipotence over individual man, and predict its eventual domination of all peoples on the earth, they are the focus of evil in the modern world.
[46] It was C.S. Lewis who, in his unforgettable “Screwtape Letters,” wrote: “The greatest evil is not done now…in those sordid ‘dens of crime’ that Dickens loved to paint. It is…not even done in concentration camps and labor camps. In those, we see its final result, but it is conceived and ordered; moved, seconded, carried and minuted in clear, carpeted, warmed, and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voice.”
[47] Well, because these “quiet men” do not “raise their voices,” because they sometimes speak in soothing tones of brotherhood and peace, because, like other dictators before them, they’re always making “their final territorial demand,” some would have us accept them at their word and accommodate ourselves to their aggressive impulses. But if history teaches anything, it teaches that simpleminded appeasement or wishful thinking about our adversaries is folly. It means the betrayal of our past, the squandering of our freedom.
[48] So, I urge you to speak out against those who would place the United States in a position of military and moral inferiority. You know, I’ve always believed that old Screwtape reserved his best efforts for those of you in the Church. So, in your discussions of the nuclear freeze proposals, I urge you to beware the temptation of pride–the temptation of blithely..uh..declaring yourselves above it all and label both sides equally at fault, to ignore the facts of history and the aggressive impulses of an evil empire, to simply call the arms race a giant misunderstanding and thereby remove yourself from the struggle between right and wrong and good and evil.
[49] I ask you to resist the attempts of those who would have you withhold your support for our efforts, this administration’s efforts, to keep America strong and free, while we negotiate–real and verifiable reductions in the world’s nuclear arsenals and one day, with God’s help, their total elimination. [Applause]
[50] While America’s military strength is important, let me add here that I’ve always maintained that the struggle now going on for the world will never be decided by bombs or rockets, by armies or military might. The real crisis we face today is a spiritual one; at root, it is a test of moral will and faith.
[51] Whittaker Chambers, the man whose own religious conversion made him a witness to one of the terrible traumas of our time, the Hiss-Chambers case, wrote that the crisis of the Western world exists to the degree in which the West is indifferent to God, the degree to which it collaborates in communism’s attempt to make a man stand-alone without God. And then he said, for Marxism-Leninism is actually the second-oldest faith, first proclaimed in the Garden of Eden with the words of temptation, “Ye shall be as gods.”
[52] The Western world can answer this challenge, he wrote, “but only provided that its faith in God and the freedom He enjoins is as great as communism’s faith in Man.”
[53] I believe we shall rise to the challenge. I believe that communism is another sad, bizarre chapter in human history whose last–last pages even now are being written. I believe this because the source of our strength in the quest for human freedom is not material, but spiritual. And because it knows no limitation, it must terrify and ultimately triumph over those who would enslave their fellow man. For in the words of Isaiah: “He giveth power to the faint, and to them that have no…might He increased strength. But they that wait upon the Lord shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary.” [Applause]
[54] Yes, change your world. One of our founding fathers, Thomas Paine, said, “We have it within our power to begin the world over again.” We can do it, doing together what no one church could do by itself.
[55] God bless you, and thank you very much. [Long Applause]
To contact the author: post@shinybull.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
The Hate Trump Media Mob said Trump will never be a president. The day he was inaugurated, they said he was stupid becuase he wanted to cut taxes. They also said he can`t run the White House like a corporation.
But millions of people voted for Trump and it seems like the majority of the people did the right thing. 61% of the Americans say they are better off today than three years ago (Gallup). Trump made it easier for for ordinary people and corporations by cutting the taxes, and this is why the American economy is booming.
Barak Obama want some credit for it. «Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,» he wrote in a tweet yesterday.
Former Reagan economist Art Laffer said it is the longest recovery in the U.S history, and it is all because of Trump.
Obama printed money but the recovery was very slow. When Trump entered the White House, things changed very fast. The difference between Obama and Trump is that Obama is a politician while Trump is an economist.
Trump is a businessman and he know how it works. In addition, he have support from economists like Steven Terner Mnuchin and Larry Kudlow. Mnuchin is an American investment banker and civil servant. He is also a former hedge fund manager and investor.
As Secretary of the Treasury, Mnuchin supported the tax reform of 2017 and advocated reducing corporate tax rates. He also supports a partial repeal of Dodd-Frank, citing the complexxity of the legislation.
Kudlow has also been in the game for a very long time. He is an American financial analyst and former TV host. He began his career as a junior financial analyst at the New York Federal Reserve. Later on, he jumped ove to Wall Street.
Kudlow joined the administration of Ronald Reagan as associate director for economics and planning in the Office of Management and Budget.
The U.S has strongest most durable economy in the world, Obama said during his 2016 State of the Union address. The job growth was strong under Obama. At that time, America has put more people to work than Europe, Japan, and all advanced economies combined, so Obama was correct.
I don`t care about left and right. For me they all on the same team. Let`s call it Team America.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.