The Economy Is Charging Back-Don't Let The Dems Lie

Trump's economy is indeed remarkable.  After the Covid shutdown, and the Com/Dems doing their best to destroy the economy and public morale heading into the election, the economy just keeps getting stronger.

For the "investor class", which includes something like 55% of all American adults the market recovery is vital. Friday's close at 27,930 is 36% higher than on Election Day, 2016.  Retirement income relies on the equity markets and they are again heading toward historic records in the post Covid economy.

Unemployment is rapidly falling.  Since the shutdown created mass unemployment the next four months has seen rapid job growth and a 4.5% reduction in unemployment.

After the Covid crater in March and April, consumer spending-the backbone of the American consumption driven economy, bounced back 13.8% in May and June.  The increase in consumer spending has reduced inventories for the last three months-a sure sign of economic recovery.  Demand is now steadily ahead of supply so more manufacturing jobs will reopen to meet the demand (yes, Comrade, it always works that way).

This high speed recovery, happening with governors in 20 states trying to kill their state economies, in the same way they were willing to kill their citizens during the initial Covid outbreak, is readily explained by the pre-Covid economic fundamentals. 

The last President that realigned economic fundamentals was Ronald Reagan.  For 28 years President Reagan's successors infused the economy with more risk, greater dependence on low income foreign labor and manufacturing and progressively less stable banking.  The Obama years saw the pursuit of a welfare based economic model, which explains how a guy that inherited a recession, after 8 years, had more business closures than openings, a shrunken labor market with record lows of labor market participation (people in or looking for jobs)  and the highest level of public assistance since, well since the Roman Empire payed citizens to stay home and not work.  

Trump changed how the economy operates, moving economic focus from Wall Street to Main Street.  That, and that alone, explains the rapid recovery from the Covid Crash.  More American workers working in more American businesses, making more American products so that American money stays home creates more American wealth and distributes it more widely than any other economic model.  You are living through that transformation right now.