The Trump economy has brought the stock market to yet another record high. The left’s prediction that Trump would collapse the economy has clearly failed to come to fruition. The Dow Jones Index recently eclipsed 27,000 for the first time ever. Due to heavy deregulation and increased consumer confidence, the economy has become more successful than at any moment in history.
According to a study commissioned by the American Council for Capital Formation Center for Policy Research, “The flow of new regulations under the Donald Trump administration has been much smaller than observed during the Barack Obama and George W. Bush administrations.” This has created an environment of high consumer confidence and business investment with reduced tax and regulatory burdens.
Despite the good news about the stock market, there are still issues regarding the higher than normal levels of inflation. While inflation last year was 1.6 percent and this year was expected to be 2 percent, inflation has ended up at 2.1 percent.
Along with this, something that could also inhibit economic growth is the increasing uncertainty due to a foreign policy regarding China and the tariff wars. For now, the economy is in excellent shape and this will be a major talking point for President Trump during the 2020 election.
Photo by Markus Spiske