Trump Just Scored an Economic Victory Not Seen Since LBJ

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Rusty Weiss:

The stock market has achieved gains under President Trump’s first month in office not seen since the days of Lyndon B. Johnson over 50 years ago.

Earlier this week, stocks closed at new highs for the fifth consecutive day with what CNBC reporter Fred Imbert described as traders betting “on a pro-growth agenda under President Donald Trump.”

Via Yahoo:

“The market reacts positively when we think we’re getting close to” a policy announcement, said Art Hogan, chief market strategist at Wunderlich Securities. “As long as we stay focused on that, the market is going to continue to go higher.”

The president continued to tout his economic agenda in a meeting with retail CEOs Wednesday.

The Dow Jones industrial average added 107 points with Procter & Gamble contributing the most to gains. Shares rose 3.7 percent after CNBC reported late Tuesday, citing sources, that Nelson Peltz’s Trian Fund Management has taken a stake in Procter & Gamble and the funds’ current position is worth roughly $3.5 billion.

The news prompted CNBC reporter Carl Quintanilla to put those numbers and the cumulative result of Trump’s first month in office in perspective.

https://twitter.com/carlquintanilla/status/831951440193155072

That is the same LBJ that liberals hail as their progressive hero, having introduced massive liberal reforms such as the Great Society.

Oh, how it must hurt them to have Trump mentioned in the same breath.

Analysts have indicated they believe Trump will deliver on tax reform and infrastructure spending, leading to greater growth.

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Trump Scored an Economic Victory Not Seen Since LBJ

It’s not because of anything Trump has done, Rusty old boy, because the nincompoop you put in the White House has thus far engaged in nothing but a steadily worsening display of nincompoopery. Trump hasn’t taken one single, substantive action that has had any effect whatsoever on the economy. He hasn’t even managed to put together a functional administration. The economy is simply continuing along the same course that it was following throughout the second term of the Obama administration. All the trends and numbers you’re now touting and claiming as Trump accomplishments and victories are the same trends and numbers that you previously dismissed as fake, irrelevant, and meaningless.

You’ll see the actual Trump Effect once this snake oil salesman has taken a wrecking ball to the nation’s federal government, passed keys to the hen house out to all of his ultra-rich co-conspirators, dusted off his tiny little hands, and toodled off to Mar-a-Lago to kick back and watch the confusion that ensues on a wall of giant screen televisions. There will be looting—by millionaires and billionaires, just as there was during the run up to the 2007-2008 economic debacle. The true nature of the Trump Effect may then slowly dawn on you.

Assuming, of course, that he isn’t deposed by the GOP and replaced by Mike Pence, who is presently in Europe, pointedly acting more presidential than his boss. Trump is in Florida, holding a campaign rally, apparently having missed the fact that the election was over 3 months ago.

Never mind your Messiah constantly campaigned for 8 years zipperhead.