IN NATIONAL REVIEW, OF ALL PLACES: This Thanksgiving, Thank Donald Trump:
This Thanksgiving, Americans in general and free-market conservatives in particular have plenty for which to be grateful. And much of it would be absent had the White Houses current occupant not become president on November 8, 2016. The day after Donald J. Trump defeated Hillary Clinton, Princeton University economist Paul Krugman called Trumps victory the mother of all adverse effects. He predicted very probably . . . a global recession, with no end in sight. The Dow Jones Industrial Average, NASDAQ, and S&P 500 all hit record highs on Tuesday. The Wilshire 5000 Index calculates that some $3.4 trillion in new wealth has been created since President Trumps inauguration and $5.4 trillion since his election. Fueled by the reality of deregulation, expectations of lower taxes, and a new tone in Washington that applauds free enterprise rather than excoriate it, the economy is on fire. Atop the second quarters 3.1 percent increase in real GDP, and 3.0 in 3Q, the New York Federal Reserve Bank predicts that 4Q output will expand by 3.8 percent. This far outpaces the feeble average-annual GDP growth rate of 1.5 percent on President Obamas watch. Meanwhile, the IMF expects global GDP to rise by 3.5 percent this year. So much for a Trump-inspired global recession.
Unemployment is at 4.1 percent, a 17-year low. New unemployment claims in September were at their most modest since 1974. Goldman Sachs on November 20 lowered our unemployment rate forecast to 3.7 percent by end-2018 and 3.5 percent by end-2019. According to the Wall Street powerhouses chief economist Jan Hatzius, Such a scenario would take the U.S. labor market into territory almost never seen outside of a major wartime mobilization. . . .
For every new regulation that Trump has imposed, 16 have been erased.
The FCC has begun to dismantle Obamas Net Neutrality takeover of the Internet, which functioned marvelously, thank you, before his needless e-power-grab.
Supreme Court Justice Neil Gorsuch is on the bench, along with 13 constitutionalist lower-court judges. At this stage in Obamas presidency, the Senate had confirmed just seven of his district- and circuit-court nominees.
Much more at the link, concluding with this: The Never Trump faction still claims that the president of the United States is no conservative. And yet, with ra...