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 House’s current occupant not become president on November 8, 2016.Still not tired. By the way, I would be remiss if I failed to mention that Crypto.Fashion is holding a Black Friday weekend sale on nearly all of its Dark Lord Designs t-shirts, which includes $10 closeout sales of Trumpslide 2016 shirts. They are also now offering black Infogalactic and Castalia House coffee mugs.
The day after Donald J. Trump defeated Hillary Clinton, Princeton University economist Paul Krugman called Trump’s 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 Trump’s 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 quarter’s 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 Obama’s watch. Meanwhile, the IMF expects global GDP to rise by 3.5 percent this year. So much for a Trump-inspired “global recession.”
The Never Trump faction still claims that the president of the United States “is no conservative.” And yet, with rare deviations (such as free trade), he spends nearly every day implementing the conservative agenda. Ideas that center-Right activists have demanded for decades are becoming public policy, one after another — to the pleasant surprise of even some of Donald J. Trump’s most enthusiastic supporters.
Ten months down. Thirty-eight to go. The best is yet to come.
Friday, November 24, 2017
The God-Emperor wins them over
National Review appears to be finding a strange, newfound respect for the Trump Presidency:
VD at 11/24/2017 04:56:00 AM