Trump Score Card
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%. 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.
1/1/17: A few days before Donald Trump is officially sworn in as President, U.S. Small-Business optimism index surged by the most since 1980.
1/30/17: President Donald Trump signed an executive order on Monday that will seek 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.
2/28/17: Consumer confidence soars to a 15-year high. The Conference Board's consumer confidence index surged to 114.8 in February from January's print of 111.8, making for the best reading since July 2001.
3/9/17: Consumer Comfort Index reached the highest point in a decade.
3/9/17: U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks jolted after Donald Trump's Presidential election victory.
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 soared to highest level in 12 years as Trump rolls back regulations
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.