THE TRUMP BOOM ARRIVES

September 13th, 2017

Pray for good stewardship of God’s abundance and wise distribution of any gains to those in need.

“But you shall remember the LORD your God, for it is He who is giving you power to make wealth, that He may confirm His covenant which He swore to your fathers, as it is this day.” (Deut 8:18)

“Anyone noticed through the fog of Russia, Comey, Charlottesville, and now two monster hurricanes that the U.S. economy is booming faster than any time since the late Clinton years?

It is undeniable. And the pace of improvement is quickening. In the last year of the Obama administration, the economy was decelerating with a dismal 1.6 percent growth rate. The economy revved up to a three percent growth rate in the April-June 2nd quarter this year, which is a nice bounce but still not a great number.

A preliminary sneak peek at the current 3rd quarter GDP by the Atlanta Federal Reserve Bank, estimates an even brisker 3.4 percent growth.

It’s easy to read too much into short term trends and, yes, they can turn on a dime. But the new bounce in the step of the economy is confirmed by many other indicators, almost all of which point straight north.

The Dow Jones industrial average is up over 3,000 points (starting with the 700 point rally the day after the election) and the net wealth of Americans … has increased by more than $4 trillion.

In August the University of Michigan, which tracks consumer sentiment, reported that confidence soared to near its highest level in at least a decade. Other surveys by the NFIB and the National Association of Manufacturers find that confidence for their members is hovering at near record highs.

You hear these same sentiments anecdotally from employers. Everywhere I go I ask CEOs, how is business? The answer is almost always one of two words: “good” or “great.” Optimism abounds. One construction executive told me recently, “It was like on election day a light switch was flicked on and our business started improving and it hasn’t stopped.”

This is also reflected in nearly 200,000 monthly job growth and an unemployment rate — even the more meaningful broadest measure of joblessness that includes people who have dropped out of the workforce — that is falling, falling, falling. The rate of job growth for black Americans is nearly 50 percent higher than the monthly average under President Obama.

Just a few months ago many economists were warning that the economy and the stock market were tapped out and that a recession and a stock market correction was overdue. Former Treasury Secretary Larry Summers predicted that slow growth was “the new normal” for America….

Liberals have taken note of the economic revival and are scrambling to invent plausible explanations without having to — God forbid — assign any credit to Mr. Trump. The latest spin is that this is the “Janet Yellen economy” driven by the Fed’s low interest rate policies….

My answer is that the Trump presidency has ended Washington D.C.’s war against business. The Obama-era regulatory rampage has come to a screeching halt — just ask the left-wing interest groups, who are apoplectic about what Mr. Trump is doing….

Coal production is up more than 12 percent this year after being declared a dead industry by liberals last year — which means not just more mining jobs, but added hiring in trucking, steel and manufacturing as well. That’s a microcosm of the Trump effect.

Again, these are short-term numbers and an economy and especially a stock market dependent on pro-growth policy changes to come, could be short-lived….

The lower corporate tax rate would mean trillions of dollars of after-tax stock returns over the next decade and at least some investors are buying ahead of that. Failing to pass a tax cut, could reverse the financial and jobs gains we’ve seen.

So far seven months into his presidency, love him or hate him, Mr. Trump has shifted the economy and wealth creation into a faster gear. If Republicans — and hopefully pro-business Democrats — can pass a meaningful tax cut this fall — the Trump boom may just be getting started”. (Excerpted from  The Washington Times , opinion by Stephen Moore,  senior fellow at The Heritage Foundation and senior economic adviser to the Trump campaign.)

9 Responses to “THE TRUMP BOOM ARRIVES”

  1. Felicia Penner says:

    Lord God, we ask that you would help our President to realize the tax cut he purposes. We understand that many are the threats looming of a economy collapse and we would ask that if you our dear Father plan on taking our wealth from us, that this discipline could wait till after our President restores our infrastructure so that “we the people” can weather such a storm. Lord, thank you again for not giving us Hilary as President. We praise you and thank you. I ask these things in the name of Jesus, Amen.

  2. Shirley Gue says:

    How I thank God for choosing and ordaining President Trump to go and produce lasting fruit to glorify and honor God and realign our nation with God’s principles, ways, and Truth so that America can be great again through the power of the Holy Spirit working mightily in and through Him and each of us. How I thank God for provoking His people called by His name to humble themselves and pray and seek His face, and turn from their wicked ways,so He could hear from Heaven,forgive our sins and heal our land in the name of Jesus. How I thank God for this wonderful family of intercessors all over the United States that I have come to know,love,admire and appreciate this year. I love y’all. Keep up the good work for which God created you from the foundation of the world. Know our labour of love and good fight of Faith is not in vain and will soon be rewarded. In Jesus’ priceless,matchless name I pray. Amen.

  3. Yvonne says:

    Thank you for publishing these very
    Positive facts. God does back up His servant who loves our country and God and Israel. God will have his way. We must keep praying.
    Yvonne

  4. Akin ige says:

    My prayer room is filled with supplications for our nation and our leaders, especially President Trump. One important lesson I have learned is that God is using this President, not only to awaken the consciences of Christians in this nation but in the world! Listening to his speeches in Poland and France, i heard a man preaching to the western world to turn back to God who has made us great, to revive of family values and to secure their borders against the rampaging monster of radical Islam bent on taking over and destroying civilization. Barak Obama was an antichrist of the most evil type, going about the world to preach the gay agenda and to promote Islam. President Trump will not fail because he loves God, loves Israel and he is backed by the forces of heaven. He is a man who was vilified by a sitting president who campaigned against him so vigorously; a man who the pope went to congress to speak against, a man who the press tried to demonize and whose party virtually did not support. Yet he won. All Christians must as a matter of duty, back him up with intense, not lethargic prayer support. As for me and my house, we will serve the Lord, and interceed for His anointed servants- President Trump, Vice President Pence and their team for protection on their persons, properity for our nation and to use them to overthrow wickedness and witchcraft that pointing their obnoxious fingers on this nation under God

  5. Marie says:

    Prayer is needed and i am praying añong with many here in America!
    Thank for this link!
    I pray people keep it more positive with focus on Jesus and prayer as we are told to do, for our leaders and our country to come more together in Him for however He leads us to pray for this country rather our own agenda.
    Bless you all,
    Ree

  6. karen secrest says:

    I’m sincerely glad your life is on track. Even more pleasing would be knowing you’re on your knees daily crying out to our Father God for the million plus people who saw their lives go down the toilet this last month.

  7. Gloria Vermeulen says:

    How excellent is thy lovingkindness, O God! therefore the children of men put their trust
    under the shadow of thy wings. Psalm 36:7
    Praise God!

  8. Jim says:

    True Giving or charity with is love was personal a one to one, and in scripture it was to believers who lost their inheritance, and to worthy widows of the church, not all widows qualified even though they were believers. Giving is an obligation of the church not for government to take from Christians and give to the unworthy.

    Pray the USA returns to scriptural giving or charity, which is a return to Love. Pray the unworthy go to their own families first or to their atheist buddies for support.

  9. Min. Sharon Crenshaw says:

    Dear Lord,

    Let justice roll down like waters, and righteousness like an ever-flowing stream. Amen

    Amos 5:24

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