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Tags: trump | economic | performance | jobs | gdp | growth

Trumponomics Sparks 'Weeping and Gnashing of Teeth'

Trumponomics Sparks 'Weeping and Gnashing of Teeth'

Christopher Ruddy By Sunday, 03 June 2018 11:03 PM Current | Bio | Archive

When the latest jobs report came out Friday, it should have been cause for much celebration. If you tuned into most of the major networks, however, there was just much "weeping and gnashing of teeth."

The jobs number showed an incredibly robust economy, piling up 223,000 new jobs and well above the 188,000 estimated. The report also signaled another drop of the unemployment rate to 3.8 percent – an 18-year record.

But that was not the story on CNN and MSNBC. Instead they questioned the president's tweet, saying he had violated rules and protocols.

Here's what he tweeted at 7:21 a.m. Friday: "Looking forward to seeing the employment numbers at 8:30 this morning."

Rather innocuous, in my book. Apparently presidents and other officials should never comment on upcoming federal statistics. President Trump is nonpolitical and iconoclastic. So he tweeted. Innocuously.

Since the tweet, the media has accused him of bank robbery when he is guilty of a parking ticket.

The silver lining in this media war on Donald Trump is that it's backfiring. Really backfiring.

Evidence of the backfire came this past week when Real Clear Politics presidential approval rating hit a 12-month high of 44.4 percent.

Trump is trending strongly up, despite a blizzard of negative media and constant reporting about so far nonexistent Russian collusion, Stormy Daniels' attacks, and an endless barrage of news completely unrelated to the business of the country.

With Trump's approval numbers up and Congressional elections looming, we are witnessing a significant shift with voters in favor of the GOP.

Polling data for the Generic Congressional Vote shows the Democrats with just a 3-point spread with the GOP, down from 13 points just six months ago!

At the moment, the public is giving the president, and Congressional Republicans, increasing credit for the economy.

The media's response has been one of desperation.

Recently, when the president referred to members of the heinous MS-13 gang as "animals," the major media sought to claim he was referring to all illegal immigrants.

He wasn't. The phony spin didn't stick, as the public saw through it.

Donald Trump, a famed entertainer whose hit TV show lasted 14 years, actually thrives on controversy and loves exposing these media sideshows.

But always remember, Trump was first a successful businessman. At the end of the day he's all about the bottom line.

He knows voters in swing states will judge him on two major areas. The economy and jobs. And second, the country's security.

So far, his track record in these areas has been beyond impressive.

He has personally acted as the nation's chief business officer, almost single-handedly doing deals with foreign nations that will pump in more than a trillion dollars into the U.S. economy.

The tax cut bill he signed last December, the largest business tax cut in history, is already showing a remarkable impact on the economy.

Economists are forecasting second quarter GDP growth at rates of 4 percent or higher. The Atlanta Federal Reserve is estimating an incredible 4.8 rate!

During the first part of his presidency, Trump moved the GDP needle to 3 percent growth, almost double Obama's average of 1.5 percent.

"I believe we've entered into the longest, largest prosperity in a couple of decades. I know it's early in the game," Larry Kudlow, director of the White House's National Economic Council, said after the release of the jobs number.

Kudlow has long predicted Trump economic policies will ignite mega-GDP growth we last witnessed during the 1980s under Reagan.

I think he's right.

The Trump game plan is working and voters are seeing that with their own eyes.

Christopher Ruddy is CEO of Newsmax Media, Inc., one of the country's leading conservative news outlets. Read more Christopher Ruddy Insider articles — Click Here Now.

© 2021 Newsmax. All rights reserved.

When the latest jobs report came out Friday, it should have been cause for much celebration. If you tuned into most of the major networks, however, there was just much "weeping and gnashing of teeth."
trump, economic, performance, jobs, gdp, growth
Sunday, 03 June 2018 11:03 PM
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