The Trump Economic Miracle Is the Best Revenge
By: Wayne Allyn Root
Our economy is strong. It’s morning in America again. Trump has done what Obama refuses to do. He shifted the growth in wages and jobs to the bottom 50% from the top and restored the economy of Heartland America at no cost to the coasts. Trump has found Obamas missing wand and restored bitter clingers and deplorables economic strength. Democrats are now trying to impeach 28,000 and 266,000. Keep America Great!
S E E D E D C O N T E N T
I got a kick out of a letter to the editor I saw about my last column. It was from another bitter liberal -- Is there any other kind? -- who complained that I'm a liar. The writer argued that President Donald Trump's economy is not so great and said it's actually worse than the economy under former Presidents Barack Obama and Jimmy Carter.
This just shows that the more liberals say, the better Trump looks to voters.
The November jobs report came out Friday. Set aside the fact that Trump has produced one of the greatest stock markets in history; that gross domestic product is far above its pace during the administrations of Obama or Carter, who both produced disastrous economies that nearly destroyed the middle class; that 3.5% unemployment is the lowest in 50 years; that the highest number of Americans are working in history; and that black and Latino unemployment are the lowest in history.
The latest jobs report is better news than all of that.
There were 266,000 jobs created in November. That's 79,000 jobs more than economists expected ... in a month. The number of jobs was also revised upward by 41,000 for the two preceding months.
Manufacturing jobs soared by 54,000 in November, the biggest monthly gain since 1998.
Wages were up 3.1%. That's the 16th month in a row wages are up 3% or higher. Ask any worker if a bigger paycheck for 16 months in a row matters. I dare you.
CNBC called it "a blowout jobs report" and said, "You can't contradict that these are the best numbers of our lives." CNN said, "A couple of generations of people have not seen this kind of unemployment rate continue to be that low." Fox Business reported, "This is one of the best reports. ... What a way to end the decade, on this report. It's outstanding."
So, I ask all my readers: Who is the delusional one?
I don't need to wait for an answer. Just look at the latest Rasmussen presidential approval poll. It was already a robust 49% for Trump before the latest impeachment hearing on Wednesday. That's when Democrats trotted out a bunch of America-hating, capitalism-hating, Ivy League law school professors to testify in front of the nation.
Smart move. This group even makes Hillary Clinton and Elizabeth Warren seem likable.
The very next day, Trump's approval soared to 52% -- just a smidge below the highest of his presidency. Those law professors made quite an impression. I'm surprised Democrats didn't trot out used car salesmen and dentists.
On Friday, Trump's approval was 51% -- significantly above where Obama was on the same day of his presidency -- even though Trump has faced overwhelmingly negative news coverage.
Among white voters, Trump's approval is positive, 53% to 46%. Among male voters, it's positive, 59% to 40%. And, most shocking, Trump's approval rating is 31% among black voters.
It's clear what voters think about President Trump and the economy. It's clear who they believe and who they think is lying. But please keep the angry, delusional liberal letters to the editor coming. You're making my job so much easier.
I'm honored to report I received an invitation from President Trump to visit the White House next week. I'll be sure to tell him congratulations and thank you from all my fans who have good jobs, higher wages and far higher retirement accounts thanks to his policies.
All I can say is the Trump economic miracle is the best revenge.
Wayne Allyn Root is a CEO, entrepreneur, best-selling author, nationally syndicated talk show host on USA Radio Network and the host of "The Wayne Allyn Root Show" on Newsmax TV nightly at 8 p.m. ET.
The blowout economic news released Friday in the November employment report signals an acceleration of the extraordinary labor market trends in America and may well forecast the reelection of President Trump.
After the sluggish, slow-growth Obama years, especially for working-class laborers in our land, the spoils of the present Trump Boom constitute an economic awakening, a sunrise of opportunity. In 1984, President Reagan made history by winning 49 states in a reelection landslide, in part due to savvy marketing, particularly his landmark “Morning in America” commercial projecting the optimism of an America back to work. But not long before that ad, Reagan’s chances for a second term seemed imperiled. The GOP was routed in the 1982 midterms, and throughout most of 1983 the president’s approval numbers languished around 40%. Sound familiar?
But by 1984, the roaring economy and surging optimism of America translated into similarly buoyant results for Ronald Reagan. While no one expects a 1984-style Republican victory in 2020, important parallels exist. Specifically, the blockbuster labor market combined with a groundswell of consumer optimism make President Trump the prohibitive favorite to prevail next November.
The headlines of the employment report deserve celebration, with 266,000 new jobs created last month, including 54,000 in manufacturing. But the details reveal even better news for the U.S. workforce. For example, the quality of the increases matches the quantity of new hires, as yearly earnings exceeded 3% growth for the 16th consecutive month, a mark seen in only three months, total, during the Obama years. In addition, those wage gains now flow overwhelmingly to workers previously left behind. For example, blue-collar wage growth exceeded white-collar wage growth; non-college grads outperformed those with degrees; and black incomes surpassed those of whites. The point here is not to engage in the divisiveness of liberal identity politics. All Americans presently enjoy robust wage growth. But it is also important to highlight the tangible benefits to groups that most needed a leg up on the economic ladder.
A key driver of the new dynamism in the labor market has been the revitalized small business sector. Hispanics, as the statistically most entrepreneurial demographic in America, benefit handsomely from the renewed zeal of start-ups. As Friday’s report detailed, the Latino jobless rate has been under 5% for 20 straight months. Prior to President Trump, there had only been one month ever of sub-5% Hispanic joblessness, back in 2006. But at last, tax and regulatory relief have unleashed the animal spirits of American strivers. No wonder a recent CNBC survey of small business owners found Trump’s approval rating at a new record high of 60%. In 2017, that same study showed only a +3% net approval/disapproval rating for the president. Now, the figure among small business owners has exploded to +20% in favor of the president.
Not surprisingly, this economic vitality is spurring record optimism, and right into the key Christmas shopping season. For example, the respected University of Michigan survey of consumer sentiment recently registered above 95.0 -- for the 30th month out of the last 35. For context, the last time that study showed such a sustained level of elevated enthusiasm was during the tech boom of the late 1990s.
All of this stout data flies in the face of the Democratic impeachment narrative that this president is somehow unfit for his position. Instead, the Trump Boom only validates his incredible acumen in fostering a thriving country -- in spite of the constant obstructionism of the Democratic House and their allies in corporate media. Once this sham, partisan impeachment inquest passes, as it surely will, imagine how much more can be accomplished to grow our prosperity if Congress actually focuses on practical policies, such as passing the USMCA?
Far from the Beltway bloviators who dominate the corporate media airwaves, Americans increasingly embrace the kitchen-table benefits of faster, broader economic expansion. They also acknowledge the efficacy of President Trump’s policies in creating the conditions for this success. For example, according the RealClearPolitics polling average, Trump’s approval right now exceeds that of Obama at the same point in his first term. This fact carries particular importance considering that at the outset of Trump’s term, he began with an almost 20-percentage-point deficit to Obama at the same juncture. Closing a gap that large matters.
To be sure, House Speaker Nancy Pelosi is keenly aware of all these trends. It seems patently obvious that she and her committee heads are pursuing impeachment now precisely because of the incredible momentum the economy – and the president – now enjoy. Knowing full well that the Democratic presidential stable of dinosaurs and radicals cannot defeat Trump next year, the House Democrats are throwing a constitutional “Hail Mary” pass, hoping to diminish the president before November 2020. But their political plotting will fail, and may cost them control of the House in the process. As Pelosi and her adoring acolytes in the media dive headlong into their Quixotic quest, tilting at impeachment windmills, our country grows stronger abroad, safer at home, and wealthier from work.
It’s morning in America.
I especially liked this sleight of hand...
The 79,000 includes the 41,000 GM employees who came off of the strike. Fair enough, but then they revised the prior 2 months by 41,000 again. Why? Did the strike magically not happen?
They have been revising up the prior two months in these reports for several months in a row now. These great economic numbers must really be painful to progressives who wish America ill when they don’t have political power
When the numbers were good for Obama, "you all" including Trump, said they were bogus.
Now suddenly the reports are 'honest' and accurate?
That's laughable but also believable. This POTUS must not have any flaws. /s
In the end though () we all have the same power, one person, one vote.
Good questions!
We did Make America Great Again! Our economy is strong. It’s morning in America again. Trump has done what Obama refused to do. Trump shifted the growth in wages and jobs to the bottom 50% from the top 1% and restored the economy of Heartland America at no cost to the coasts except preventing them from hoarding all the wealth. Trump has found Obamas missing wand and restored the bitter clingers and deplorables to economic strength. Democrats are now trying to impeach 28,000 and 266,000. Keep America Great!
The author of this seed is a birther and well known right wing conspiracy monger.
He shouldnt even be allowed to be used as a source.
On his own website Wayne claims to be a CEO, but there is no proof of that beyond his own declarations. Is he an author, yes, apparently, but best selling? Only in Wayne's eyes.
Several websites including Wikipedia always include 'conspiracy theorist' in describing Root.
In short, Wayne is nuts. A Libertarian on steroids who lives large in largely tax free Las Vegas off the backs of partisan donations and subscriptions.
Complete with a nice picture of "Root for America, buy America, Wayne"
posing with his 2017 Maserati Ghibli ...
Jealous much?
Trump’s Unexpected Jobs Boom Leaves Dems Incoherent
in November came in 79,000 higher than economists had expected, something that has become a regular occurrence under President Trump, where the economy has repeatedly defied what the “experts” forecast.
Just how big that gap is becomes clear when you look at longer-term forecasts these same experts made. Take that jobs number. According to the Bureau of Labor Statistics, there are now a total of 152.2 million jobs in the U.S. That’s an increase of 6.8 million since Trump took office. Backers of President Obama will say that during the same 35-month stretch of Obama’s last term in office, the economy created 7.7 million jobs, so Trump is actually doing worse. That’s misleading, at best. The economy was still coming back from a deep recession, which is when job growth should be robust. (In truth, post-recession job growth under Obama was one of the worst on record since the Great Depression.) What matters is where economists saw the economy heading when Trump took office. The Congressional Budget Office provides the answer. At the start of 2017, it released its 10-year economic forecast, which the CBO always boasts is right in the meaty part of the consensus of economists. When it made its forecast, which assumed that nothing would change in terms of tax, regulatory, spending or any other policies, the CBO figured that the number of jobs created between January 2017 and today would be 2 million. So Trump is doing better than expected on jobs by 4.8 million. The CBO also expected that the labor force participation rate (which compares people employed or looking for work to the working-age population) would decline during the first three years of the Trump presidency, dropping from 62.8% down to 62.6%.
As you suggested...
Now tell us again about the Trump economic "miracle".
[delete]
It’s there in plain sight for all who
are not blind to see. Are there still pockets of poverty and human suffering? Of course there are and that is where the charity from the Salvation Army and other churches charities come in to help.
yes, I am sure everything wrong in America MUST be Trump's fault.
There were poor under EVERY Administration.
If you can;t recognize the economic numbers as good right now, perhaps you are simply deliberately not looking.
Well said. The progressives are in total denial as to the real strength of the Trump economy.
I have been watching both sides of the politico sell us out and send our jobs overseas for my entire life.
I remember watching our jobs turn from production to service. and instead of building things.... our country said, do you want fries with that?
without all the bs from the left under obama there is no way trump would have been elected. the left actually turned this country around. we can thank antifa blm, all the riots and calling us bitter clingers, bible thumpers, teabaggers and the like. the left drove the country to elect trump so we can thank them for that.
is good to see things change for the better
I couldn’t have said it better and won’t even try. You are so right on. Well said!