Updated: Sep 11, 2020
“It’s been three years of promises made and promises kept, but we’re just getting started…”
~ Vice-President Mike Pence
During his first campaign, President Donald Trump promised to “Make America Great Again”. He engaged his supporters with goals of securing our borders, energizing our economy, improving our trade deals, lowering unemployment, putting America first, and improving the lives of all Americans.
Despite constant attacks from the Left, President Trump did something that his career politician critics seem unable to do: he kept his promises. And because he aims so high and his goals are so ambitious, even when he falls short of where he wants to be, President Trump has still accomplished more in the last three and a half years than his opponents in their entire tenures as supposed public servants.
It all starts with the economy. For America and its citizens to prosper, there must be jobs and there must be opportunity, both for companies and for individuals. Businesses need to make profits if they are to supply the jobs and the wages that allow workers to realize their own versions of the American Dream.
Although the COVID-19 coronavirus pandemic temporarily slowed some of the historic progress made by the Trump administration, America is already back on the right track, proving not only that President Trump’s vision for this country was always correct, but that he has the blueprint to do it all again.
Let’s take a closer look at both -- how President Donald Trump Made America Great Again, and, more importantly, how he is going to do it one more time after We The People re-elect him, with MAGA 2.0.
President Trump’s biggest success has been his transformative work on the U.S. economy. As a result of his policies and leadership, America saw sweeping improvements across the board. Comparing pre-election numbers from October 2016 to the pre-coronavirus period ending December 2019:
Non-farm employment: In 2018, payroll employment rose by 2.7 million jobs, and another 2.1 million were added in 2019.
The unemployment rate fell from 4.9% to just 3.4%.
This represented a 50-year low.
Several groups experienced their lowest rates of unemployment EVER -- African-Americans (5.9%), Latino Americans (4.4%), and Asian Americans (2.2%).
The rate of discouraged or underemployed workers dropped to 6.7%, the lowest number since at least 1994.
The labor participation rate rose from 62.8% to 63.2%.
Specifically among African-Americans, the rate climbed from 61.8% to 63.1%.
Average hourly earning increased from $25.88 to $28.32, an increase of over 9%.
Replaced NAFTA with the United States-Mexico-Canada Agreement.
Improved the United States-Korea Free Trade Agreement.
Ended India’s “special trade status”, which exempted
With the approval of the World Trade Organization, levied a 25% tariff on $7.5 billion worth of certain European goods.
Withdrew from the Trans-Pacific Partnership to pursue better deals with individual countries.
Engaged in a trade war with China that resulted in a new agreement that was more favorable to America.
Is pushing Congress to pass the United States Reciprocal Trade Act
The S & P 500 boomed by 52%.
The NASDAQ 100 skyrocketed by 85%.
The Dow Jones industrial average closed 57% higher.
Consumer confidence rose by 27%.
Small business optimism climbed by more than 8%.
In other words, the American economy was operating at historic levels. Corporate taxes were down, hiring and wages were up, and both companies and workers were thriving. And more to the point, President Trump accomplished ALL OF THIS despite daily lies and constant attacks from the Left and the liberal Mainstream Media.
How Did President Trump Build the Greatest Economy in U.S. History?
President Trump’s critics and doubters forget one very important distinction between him and other Presidents of the past. They forget that he is not a politician. First and foremost, he is a businessman. While a politician can stay in office for decades without ever actually accomplishing anything, a businessman has to keep his promises to his customers and actually deliver the goods if they are to remain profitable or even stay in business.
This means Trump knows how to make deals, how to negotiate from a position of strength, how to fight for favorable terms, and how to get things done.
Trump’s economic program was simple: an attack on regulations and taxes, along with increased spending on infrastructure and the military. This turned out to be an extremely effective strategy.
Concerning taxes, the White House championed a $1.5 trillion tax reform plan that slashed America’s highest-in-the-world corporate rate from 35% to 21%, while at the same time lowering taxes for millions of taxpayers through 2025.
In regards to deregulation, President Trump ordered that governmental rules be scaled back or eliminated entirely. One prominent Trump rule is that no new regulations that slow business can be enacted unless two others are abolished. During his administration’s first year, “significant regulatory activity” was reduced 74% from where it was under Barack Obama.
Specifically, the Federal Register, which stores business rules, shrunk over 19% from Inauguration Day until August 16 under President Trump than during the same for Obama. Aggressive regulatory changes to the Environmental Protection Agency and the Departments of Labor and Education followed, further advancing deregulation.
According to Joseph Song, an economist for Bank of America Merrill Lynch, President Trump’s tax cuts “should deliver greater tax relief to rural areas where there is a higher rate of small business owners who will benefit from the favorable pass-through tax rates.”
Major corporations, small businesses, families, and individuals all benefited from President Trump’s policies.
COVID-19 and the Economic Pandemic
Then the Chinese coronavirus spread around the globe, and as with other nations, the United States suffered terrible losses, in terms of both human and economic terms. As the death toll caused by COVID-19 continued to mount, the safety measures that were imposed had unfortunate consequences for American businesses.
Stay-at-home orders meant people weren’t out spending money. Not only did this obviously affect grocery and retail stores, it also gutted restaurants, hotels, the travel industry, sporting events, movies, live performances, aesthetic services, in-person health care, and schools. Virtually no industry was spared.
Because the hospitality, restaurant, and travel sectors were so hard-hit, the petroleum and farming industries were impacted. People weren’t traveling, so oil prices fell. People weren’t eating outside of their homes, so the demand for fresh produce plummeted. Crops rotted in the fields.
“Non-essential” businesses were forced to shut their doors. Those that could adapt moved their services online, and those that couldn’t stated closed. Many small or minority-owned businesses may never open again.
Because of business closures and cutbacks, joblessness soared. By April, the unemployment rate was nearly 15%, and tens of millions of Americans lost their jobs. The stock market tanked -- the S & P and Dow Jones indexes fell by a third, and NASDAQ dropped by 25%.
All of the unprecedented gains of President Trump’s economy were wiped out by the pandemic.
While taking swift and decisive action to combat COVID-19, the Trump Administration also moved quickly to protect the U.S. economy. To determine the best course of action, the President met and held calls with leaders from virtually every U.S. industry. Without these bold measures, the impact on American businesses and working families would have been far worse.
The CARES Act, which provided emergency relief resources to U.S. workers and small businesses.
The Paycheck Protection Program, which gave no-payback loans to businesses that continued to pay workers during pandemic closings and slowdowns.
Relaxed application requirements for all Small Business Administration loans and disaster assistance programs.
Large crude oil purchases to increase the strategic reserve.
Establishment of the Money Market Mutual Fund Liquidity Facility to provide liquid capital to the financial system.
Legislation which grants tax credits to businesses that give paid leave to affected workers.
$100 million in dislocated worker grants.
Stimulus funds issued directly to American citizens.
Greater flexibility to unemployment insurance.
Increased unemployment benefits.
Postponing Tax Day.
Temporarily suspending the payroll tax.
Temporarily reducing student loan interest rates to 0%.
Temporarily suspending student loan payments.
Most importantly, President Trump expanded the definition of “essential” businesses and urged state governors to allow local businesses to re-open as soon as safety protocols could be established.
MAGA 2.0: An Epic Comeback
So after the meteoric rise of the American Economy under President Trump, the calamitous fall after the COVID-19 outbreak, and the response by the White House,where are we NOW?
The Mainstream Media isn’t telling you this, but the economic turnaround has been remarkable, especially considering how rapid that recovery has been in the face of the ongoing pandemic, continued resistance from some governors about fully re-opening, and a persistent lack of cooperation from Democrats.
For example, the Left’s inability to compromise is precisely why there has not as yet been a second round of stimulus checks. Democrats would rather hurt the President politically than help regular American citizens financially.
But despite that, the Trump economy has come roaring back, causing most of us to wonder, “How much could President Trump accomplish if the Democrats would try to work with him?”
Just take a look at the undeniably encouraging numbers:
Unemployment has dropped to 8.4%, and it’s still falling as Americans get back to work.
In the past three months, roughly 9 million jobs have been generated, more than the previous three years combined.
As of the first week of September, the S & P 500 set an ALL-TIME HIGH, and is up 60% from its lowest point during the pandemic.
The Dow Jones industrial average is just below its all-time high, and is up 59%.
The NASDAQ has set a new record, and is up an amazing 75% since mid-March.
Right now, the U.S. stock market has rebounded from its 2020 low better than China, Japan, Hong Kong, the United Kingdom, or Europe as a whole.
In both July and August, average hourly earnings rose higher than expected, to $29.47, higher than they were pre-COVID-19.
What Does MAGA 2.0 Mean to YOU?
A booming economy means the possibility of prosperity for the average American citizen -- more jobs, higher wages, and more opportunities to build a better life and a better future. President Donald Trump Made America Great Again before the Chinese coronavirus hit, and he is already proving that he can do it again -- it’s MAGA 2.0.
Experts are telling us to expect a vaccine in November. Just imagine the U.S. economy when that happens.
If you care about your financial future and the economic future of this country, then your choice is clear in November -- cast your vote to re-elect President Donald Trump. MAGA 2.0 can’t happen without YOU.
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