President Trump continues to fail the American people. The jobless rate near 4% is historically low, and The Bureau of Labor Statistics reports a 6.8 percent unemployment rate for African American workers, the lowest in the 45 years the data has been tracked. Even with a booming economy, Trump has gone rogue and done the unthinkable. He has been keeping his campaign promises. Someone needs to tell this guy, this is not how politics works in this country. Below is a list of his campaign promises he as kept so far:
Impose a 10% repatriation tax to bring jobs back to America– The rate is 10%, and the effects were almost immediate, it has created jobs. However, it could also cause inflation.
Withdraw from the Trans-Pacific Partnership (TPP)-essentially, the TPP was diplomatic rather than economic, and just became a behind the scenes grab bag for multi-nationals. The TPP’s 5,000+ pages actually had very little to do with trade. Instead, corporations tried to turn it into a wish list for policies that they knew would never pass through Congress.
Withdraw from the Paris Climate Accord – the Paris deal was a global show of good faith. There is nothing in it forcing countries to meet their (to date, mostly inadequate) targets. Action is happening, direct or not, and regardless of the Paris accord. And without hamstringing the U.S. economy.
Bring North Korea to the table – even as Trump has rightly put the summit on hold, it will happen.
Stop over-regulation and jump-start the economy-Stop over-regulating the American people. Give them their money. Give the companies the opportunity to expand and bring their money back into the country, and maybe they’ll build buildings. Maybe they’ll build offices. Maybe they’ll build new products. Maybe they’ll build new factories. Maybe they’ll hire a bunch of people.
Reverse Obama’s executive orders – yes, around 20 so far, but in many cases, core parts of Obama policy remain in place.
Pull out of the Iran nuclear deal – Benjamin Netanyahu told reporters that Israel’s intelligence agency Mossad had obtained 55,000 pages of evidence and a further 55,000 files on 183 CDs relating to Project Amad. Netanyahu presented what he said was evidence of thousands of “secret nuclear files” that showed Iran had lied about its nuclear ambitions before the deal was signed in 2015.
Give tax cuts to middle-class Americans – yes
Change strategy and defeat ISIS – the press has been quite silent on this…we’re not talking about ISIS anymore.
Recognize Jerusalem as the capital of Israel and relocate the US embassy – done.
Carla Jasper says
Bruce Gittinger says
The word is that the “Iranian Deal” was never signed by the Iranians. Does anyone have any evidence to the contrary? As in a copy of the signed document? Or, was this just a handshake deal??
If the deal was not a real signed deal, do we get into the world of misappropriation of government funds?? Legal experts??
Paul Plante says
“Our view is that the current economic expansion and bull market has room to run and we aren’t looking at the prospect of a recession starting until 2020 at the earliest,” said Albert Brenner, director of asset allocation strategy at People’s United Advisors.
– MARKETWATCH By Barbara Kollmeyer and Mark DeCambre Published: June 5 2018 4:56 p.m. ET
Paul Plante says
An already soft report gets even weaker: The productivity of American businesses rose a revised 0.4% annual pace in the first quarter instead of 0.7% as originally reported.
Unit-labor costs, or how much it costs to make each product, rose by 2.9%, a bit higher than the preliminary 2.7% estimate.
Productivity has been low for years to the detriment of the U.S. economy.
The Trump tax cuts and regulatory rollback are aimed at spurring businesses to boost spending and investment, ideally leading to higher productivity.
It’s too early to tell if the plan is working.
– MARKETWATCH By Jeffry Bartash Published: June 6, 2018 8:57 a.m. ET
Paul Plante says
Household debt rose at an annual rate of 3.3%, staying in the range it’s been for the last few years.
Federal government debt skyrocketed 15.3% after the debt-ceiling increase, while state and local government debt fell by 4.2%.
Corporate cash holdings rose to $2.66 trillion from $2.59 trillion.
– MARKETWATCH By Steve Goldstein Published: June 7, 2018