By: Diane Sori / The Patriot Factor / Right Side Patriots on American Political Radio
What a year 2019 has been for President Trump,
“We the People,” and especially for the U.S. economy. And while Democrats have been screaming
“impeachment”
ad-nauseum since the day President Trump placed his hand on the Holy
Bible and swore his allegiance to protect and defend the Constitution of
these United States, it's “
We the People” who have been subject to both their and the media's nonstop
“impeachment” bloviations. And to make matters worse, at the same time
“impeachment”
is being shoved down our throats we see Democrat economists working
hard to try and scare the America public into believing that a
“recession”
is close at hand. And they're doing so while ignoring the recent key
economic indicators that show that not only will the American economy
remain strong but that it will remain so at least through a second Trump
term in office.
Actually, the American economy and
"the dollar" is growing stronger by the day, an
example of which was recently seen on December 21st...the Saturday
before Christmas...
"Super Saturday" retailers call it...the day
that saw the highest level of sales in U.S. retail history. On that day
American consumers spent $34.4 billion which exceeding expectations
while breaking last year’s
"Super Saturday's" record of $31.9 billion. In fact, between November 1st and Christmas Eve, retail sales grew 3.4% over the same time last year.
Trump's economic win number one.
But how was this win accomplished...simply via President Trump's
stellar economic policies and 2019's record low... as in
3.5%...unemployment numbers. And that number saw black, Hispanic and
Asian Americans seeing their unemployment numbers reaching the lowest
levels ever recorded while there was also an overall increase in the
number of jobs created; weekly wages increased faster than inflation;
and wages for rank-and-file workers rose at the fastest pace in more
than a decade. In fact, not only did the bottom 25% of wage earners see
their salaries rise 4.5% in 2019, but the top 25% of wage earners saw
their salaries rising 2.9% as well. But more importantly, for the first
time since 2010, by this past November's end, wages for low-skilled
workers had risen to such an extent that said wages actually tracked that of high-skilled workers.
And all this translates into more monies finding its way into
“We the People's”
pockets. And with more money in our pockets we had more money to
spend...money which not only continued to bolster our economy
but which showed just how strong America's consumer confidence is at this
point in the Trump presidency.
So with 2019 ending on such an economic high note, and with said
consumer spending the highest it's been in over twenty years, especially with
consumer spending now fueling 70% of the GDP, 2020 economic indicators
and economic projections both show no sign of the economy heading into a
“slowdown” let alone into a
“recession.”
Thus, Trump's economic win number two.
In fact, not only are the American worker and America's retailers
happy but the stock market is happy too, as it continued to reach record
high numbers both before and after the Christmas shopping season drew
to an end. And what helped to fuel this most recent stock market
surge...a surge which had been steadily building over the past few
months...a surge that just this past Friday saw NASDAQ closing at the all-time high of 28,868.80? How about Trump's cutting back on both foreign and domestic
business regulations; his 2017 corporate tax cuts; the recent passage of the
U.S.-Mexico-Canada trade agreement (USMCA); in addition to the news of a
“Phase One” trade deal with China having been reached thus signaling the beginning of a possible end to U.S.-Chinese trade war.

And these indisputable facts forced even the uber liberal Democrat
mouthpieces over at CNN having to admit, as per their own recent polls,
that 76% of those Americans surveyed now rate the U.S. economy as being
“very” or
“somewhat good”...up from 67% this time last year....with no better numbers having been seen since 2001.
Trump's economic win number three.
So much for the Democrats crying that
“recession” is on the
horizon for the fact is that if the economy continues to remain
strong...which it's expected to do as the stock market continues to
rise; inflation's being held in check; the GDP is holding strong; and
with labor market data continuing on the same upward trend that we've
seen this year...and if the American worker continues to see more monies
in their paychecks and hence in their pockets...as also is
expected...then the Democrats impeachment brouhaha will surely be relegated
to the back burner with the pilot light remaining unlit all the way up
to the November 3, 2020 election.
And when you combine these above three economic wins together you can
see how it helps to draw foreign direct investment (FDI)...as in
"mergers
and acquisitions, building new facilities, reinvesting profits earned
from overseas operations, and intra company loans”...into our
country. And to show just how well President Trump's economic policies
are working, in the year 2018 alone... the latest final figures currently
available... expenditures by foreign direct investment (FDI) to either
acquire, establish or expand U.S. businesses totaled $296.4 billion, an
8.7 percent increase from $272.8 billion in 2017, Trump's first year in
office.
And here we can see Trump's economic win number four.
Also, as per Market Watch, in 2016...Obama last year in office...we
saw almost 98% of all foreign investment here in the U.S. involving the
acquisition...the takeover...of American companies as opposed to foreign
investors starting up new U.S. based flagship businesses. And with 2016
seeing foreign investors spending just $5.6 billion to start up new
businesses and spending even less...as in $2.2 billion...to expand
already existing U.S. businesses, now under President Trump and the
growing U.S. economy in addition to the long overdue lowering of
corporate tax rates, last year’s foreign direct investments (FDI)
so-called
“inflows” were the fifth-strongest over the past
decade with reinvestment of earnings making up more than half of all
foreign direct investment here in the U.S. And this occurred even though
many countries with
“mobile capital” saw countries like China becoming
more attractive to foreign investment. More on China shortly.
And it was and remains President Trump's economic policies that also
helped our economy to rapidly grow by his working to keep American
company jobs and company headquarters here the U.S. And Trump did so via cutting
corporate taxes and by his reducing Obama's over-burdensome regulation
barriers, which in turn not only aided in bringing American companies
back home but helped to draw foreign investment back to America but as
well. And with our economy not only strong and stable but growing, and
with our GDP... again a key economic indicator...also growing,
A.T.Kearney...one of America's leading global management consulting
firms...has now flagged the Trump administration’s
“protectionist rhetoric”...which actually
a good thing...as the main reason why overseas investors are once again
seeking access to the large U.S. market...the world's number one
consumer market economy.
Now as for China, the world's second largest economy, the
Democrats...both politicians and economists...love to tout that our
still in place trade barriers with the communist country is a negative
for President Trump and thus a weak spot in his striving for a second
term in office. And while this trade war has been ongoing for nearly 18
months with the U.S. and China imposing tit-for-tat tariffs on hundreds
of billions of dollars worth of each other's goods, both sides of course
view said trade war from a different perspective. How so? While
President Trump rightfully has long accused China of unfair trading
practices, currency manipulation, and intellectual property theft, China
sees the U.S. as trying to
“curb its rise” as a global economic power.
And while our two economies remain fundamentally very different in nature...ours being a
“free market”
capitalistic economy and China's being a socialist market economy... as
in both state-owned enterprises and public ownership existing within said
market economy...President Trump was recently able to secure, very much to
the Democrats chagrin,
"Phase One” in his attempt to de-escalate
the trade war between our two countries. Now seeing a moratorium on new
tariffs and a rollback of other tariffs by both our sides, China also
has agreed to import an extra $200 billion of American goods and
services over the next two years. As per Chinese officials these imports
include agricultural purchases, intellectual property protection, tech
transfers,
“financial opening and currency"...exactly what that
means is still somewhat ambiguous...with China in turn now agreeing to
hold off on reimposing its previous 25% tariff on all U.S.-made cars and
its corresponding 5% tariff on all auto parts.
Trump's economic win number five...and a diplomatic win as well.
And while the negotiations to officially end the trade war are still ongoing, the agreeing to
“Phase One”
most assuredly does reduce what were escalating tensions between our
two countries...tensions that if left unchecked could harm for the long
term not only the U.S. and Chinese economies but other global economies
as well.
First, how has the trade war affected the U.S. economy? Simply by
“cause and effect”
what with Beijing imposing higher import tariffs on U.S. agricultural
products, thus negatively affecting the selling of said products to China, which left President Trump having to
"bail out" if you will, those now hurting in the farm belt. And how has the trade war with it's
escalating U.S. export tariffs affected China, the very country now desperately trying to
fix its debt and problematic economic situation? Basically by raising
concerns about the strength of China's external and domestic demand for
U.S. products, thus affecting both directly and indirectly Chinese
services such as logistics, wholesale trade, and trade finance, all
while business
“sentiment and investment” has remained strong here in the U.S. In other words, the trade war has negatively affected China way more than it has affected us
And lastly, how has the trade war affected the global economy? Mainly by way of
“collateral damage.”
Again how so? As per not only leading economists but economic realists
as well...as in the everyday consumer...seeing the world economy in
general having been subject to the fallout of not only high tariff
barriers but economic depression and ongoing pockets of expensive
foreign wars, governments themselves forget that the road to economic
prosperity can and should be unlimited...if handled correctly that
is...and that consumer prosperity benefits a given country's economy.
Simple translation: prosperous consumers equals a prosperous nation.
And it's the overall economic prosperity that we are seeing here in
America under President Trump that has led our country, even with its
drop in exports to China and with a shaky global economy, to not hurt as
much as other countries are economically hurting...that coupled with
our increasing consumer spending base which, too, is courtesy of Trump's
successful economic policies.
So as 2020 begins America's economic future remains bright contrary
to the musings of the Democrat naysayers. And when all is said and done
isn't the economy, more jobs being created, and more money in
“We the People's” pockets more important than the sham known as
“impeachment”...I would certainly hope so.
Vote Trump 2020...if for no other reason than to keep America's
economy strong...which benefits
"We the People's" pockets as well. Case closed.
Copyright @ 2020 Diane Sori / The Patriot Factor / All Rights Reserved.
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For more political commentary please visit my RIGHT SIDE PATRIOTS partner Craig Andresen's blog The National Patriot to read his latest article on the Trump impeachment.
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RIGHT SIDE PATRIOTS...LIVE!
Tomorrow, Tuesday, January 7th, from 7 to 9pm EST on American Political
Radio, RIGHT SIDE PATRIOTS
Craig
Andresen and Diane Sori discuss 'Overall Good News on the 2019 Economic Front'; Craig's latest take on the Trump impeachment; and important news of
the
day.
Hope you can tune in at: http://listen.samcloud.com/w/73891/American-Political-Radio#history...or on Tune-In at: https://tunein.com/radio/American-Political-Radio-s273246/