As President Trump first took office America was facing an historically stagnant economy. It was the first time in the history of America that the economy did not grow by more than 3% in any year of a sitting President (Obama). In fact it had been 10 years since the economy grew by at least 3%. Average growth under Obama of 2.1% is the fourth lowest in history. The historically slow economy was stifled by President Obama's federal regulations that topped over $100 billion annually. President Trump had promised to end the massive federal regulations and restrictions on American businesses and individuals.
1/30/17: President Donald Trump signed an executive order on seeks to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced. An order instructing agencies that whenever they introduce a regulation, they must first abolish two others. "This will be the biggest such act that our country has ever seen. There will be regulation, there will be control, but it will be normalized control," Trump states. We agree with the President here. Yes America needs regulations to keep corporations in check but not to the extent where it had decimated small businesses across the country resulting in the historically bad economy.
2/22/17: Americans buy existing homes at fastest pace in a decade.
3/10/17: U.S. home construction jumped by largest amount in 34 years.
3/10/17: U.S. overall construction sector saw largest gain in 10 years.
3/14/17: Optimism among U.S. CEOs shows biggest increase since 2009
3/15/17: Home builder confidence is highest level in 12 years.
3/20/17: U.S. oil prices dipped below $50 a barrel for the first time in 2017 as near-record American stockpiles and rising output weighed on the production reductions by OPEC and its allies.
3/27/17: President Trump signed a long-promised executive order unwinding Obama's climate policies which strangled the American economy with regulations for several years.
4/18/17: President Donald Trump signed a new executive order to promote his America First agenda, ordering the federal government to implement his buy American, and hire American policies.
4/21/17: President Trump aimed to dismantle even more financial regulations with 2 more executive orders. Trump executive orders targeted tax rules, 'too big to fail' financial
4/26/17: President Donald Trump signed an executive order to allow national monument designations to be rescinded or reduce the size of sites as the administration pushes to open up more federal land to drilling, mining and other development. "Today we're putting the states back in charge," Trump said, adding that they should decide which land is protected and which is open for development. "I commend the Trump administration for stopping this cycle of executive abuse and beginning a review of past designations," Speaker Paul Ryan stated. This order reverses yet another one of previous President Obama's regulations which stifled the economy. Visit our ENVIRONMENT page to read how this order is graded based on environmental issues.
4/27/17: The housing selling market is now the strongest it has been in 10 years as home
sales in the first quarter hit their fastest pace in a decade.
5/29/17: Credit scores for U.S. consumers reached a record high. (For the first time, the average national FICO score has reached 700) while the share of Americans deemed to be some of the riskiest borrowers hit a record low.
6/1/17: Americans are the most upbeat about their finances in a decade.
6/8/17: U.S. household total net worth climbed to a record $94.8 trillion.
7/11/17: U.S. small business optimism is at its highest level in more than a decade.
7/17/17: International arrivals and travel-related spending in America are up in 2017 compared with the same period in 2016.
7/18/17: Foreign investment in the U.S. housing market saw an explosion of 49% growth from last year as it surged to an all-new high.
7/21/17: Food stamp usage fell to the lowest level in seven years.
7/23/17: U.S. gas prices fall to a 12 year low.
7/28/17: The second-quarter U.S. GDP jumped up to 2.6%
8/1/17: U.S. companies post profit growth not seen in six years.
8/5/17: Retirement savings account balances have hit all-time highs.
8/11/17: Corporate America is having its best earnings season in 13 years
8/14/17: Trump slows federal regs to a crawl in first six months which we believe is the main reason the economy has improved so quickly under Trump.
Trump Score Card