Trump gets a bad shake from the media. Even to the most staunch democrat, it is easy to see that they do not report on the major accomplishments of our President. Nor do they accurately portray the feelings of the public.
The information below outlines some of these accomplishments you've never seen because you weren't told. Keep that in mind going forward. To repeat: You don't know about this because you were not told. In the age of information, you should not have to be told. You can find out the truth about just about anything by simply looking.
For each section, the source of the data is linked below the image of the various indices allowing each reader to LOOK for themselves.
U.S. Business Optimism
The point of this post is to illustrate what a disservice you are doing to your country by resisting this president. Those people who pay the most taxes (mainly business owners) believed at the onset that President Trump would impose a business friendly environment.
Looking at the chart above, one can literally see the 2016 election unfold. The chart flows with Trump/Clinton polling in late 2015 and early 2016. Polls looked good for Hillary in the late months of 2015 and business sentiment declined. The first 3 quarters of 2016 were shaky with Clinton taking the lead early on, Trump catching up through the summer and finally Clinton looking likely (according to the fake news media) running up into the final days prior to the election. Finally, you can see what our business community thought of their prospects after the election. Yep, that's that big upswing towards the end of 2016.
The beauty of the above chart is that the upswing continues to this day. Considering promises are being fulfilled, it's not hard to understand why.
Capacity Utilization
10-YR Chart
1980 to Present
Business Capacity Utilization is an economic indicator measuring the level at which companies are using their resources. It shows the level at which these entities are producing and whether they are ramping up production in anticipation of a market that is able to buy them or slowing down production in anticipation of a market unable to handle the goods being put on the market. To give an example: Look at the year 2008. You'll notice that as the economy was going into recession manufacturing, mining and utilities companies used less of their assets in production knowing that the market capacity for them would be less.
I used two different time frames here strictly for comparison reasons. The 10 year chart is meant to give a comparison from the last administration and how businesses were planning during the run up to the election and how they have planned since. The longer term chart is to show the trend over the past 38 years including the Reagan administrations effect on utilization when compared to his predecessor.
On the 10 year chart, you can see where the ramp-up in production happened (2010 through roughly 2013) following the recession. Next, you'll see the slow down from 2015 until 2016. When I look at this portion I see 2 things.
The first is the stagnant economy and anti-business policies of the administration following the climb out of recession. We got out of the recession but were not growing. That fact, coupled with Obama's very negative view of the future of the U.S. economy is what I saw the reason for the utilization slowdown. If the president believes the economy will forever be stagnant then it's not hard to see that businesses would also be less optimistic.
The second thing I see during the period from 2015 to mid 2016 is a reluctance to keep up production with so much uncertainty. From 2015 to 2016 the Utilization trend was down. My opinion is that it was due to what was seen as the good possibility of Hillary Clinton being the next president. It was clear through her campaign that her ideas were closely aligned with Obama's. That being the fact, it looked to many that the anti-business policies and atmosphere would likely continue. It wasn't until early 2016 that the trend started to flatten out. From where I sit, that looks like a collective idea in the business community that maybe she won't win. Maybe Trump can win this thing. Then, the month following the election you see the trend start back up. Go to the source under the picture and isolate December 2016 and you will see the big jump. This trend continues to this day.
What's the moral of this part of the story? The only way for an economy to grow is a pro-business atmosphere. Again, those businesses that make up the supply side of our economy drive it on the front end as much as consumers drive it on the back end. Without the production we don't have the jobs and therefore, we don't have the consumer.
The Result: GDP Growth!
Hey Obama, you remember when you said we wouldn't go over 2% GDP growth? Yeah, that is a literal admission that your policies do no good.
The trend is short and this will be revisited in the next year to see how we are doing but we are headed in the right direction. The main thing to see here is the the most recent growth rate for the second quarter of 2018. Yep, that 4.2% growth. No more over 2% growth, huh?
To Summarize
Well, I gave up 2 pretty strong examples of what drove this although there are plenty more. On the consumer side, we have unemployment at just 3.9%. Jobs are returning to the point where companies are having trouble finding people to fill. This Leads up us to wage growth jumping to 4.99% from the month of June 2018.
Go to the source listed below the charts above and look around for yourself. There are great numbers across the board and you will very rarely hear it from the mainstream media. Here in the age of information, there is no need to read articles (aka opinions of the losers) as we can find all the information we need just by looking. My what a beautiful time!
For all the people saying we are heading for a recession, eventually they will be right. That's how the business cycle works. With that said, there is nothing really pointing to something any time soon. We haven't seen the forewarning downtrends in economic data that would preclude a recession. Take a look at what 2007 looked like on the various charts at the source. You'll notice the down trends. Until GDP has a sharp drop we aren't there yet.