Earlier, the government issued its monthly jobs report. Commentators on the far left were practically beside themselves, expecting and hoping for a jobs report that showed the American economy was slowing to a crawl thanks to a government shutdown. The expectation was that the job growth number would be in the 100,000 range, with the twin boogeymen of a government shutdown over appropriations and Trump's demand for a muscular border security schematic along our southern border being the culprits for disaster.
The result? Not only was the jobs report far beyond expectations at 304,000 new American jobs, but the impact of the standoff between Nancy Pelosi and the president barely registered on the American economy -- about 0.02% GDP.
This is a very robust number, which shows the continuing expansion of the United States economy and the overwhelming success of the Trump tax reform policy, much of which are a substantial portion of the American Opportunity Growth Code. Just imagine what a full implementation would look like?!
Of course, no one in their right mind wants or desires a federal government shutdown or standoff. Yet the fact remains that our U.S. Constitution forces compromise and consensus on the whole. Congress funds the government through appropriations; such legislation must satisfy the U.S. House of Representatives, the U.S. Senate, and the President. Yet the U.S. House under Nancy Pelosi and her outright refusal to even consider “one dime” for a border wall makes that constitutional consensus impossible.
But did the disagreement negatively affect the U.S. economy? The answer at this rate is decidedly a no, but entirely based upon the strength of Trump's economic policy to date and certainly not due to partisan intransigence.
A recent report gleefully suggested the Trump tax cuts had not improved the economy, a demonstrable falsehood after the new jobs report. One is tempted to recall that during the previous administration, economic growth was practically zero and actually saw contractions once one includes the rate of inflation and population growth.
Many reports said the American economy has never truly recovered from the Great Recession of 2008. If one looks at the national economy, this is by and large true thanks to the previous administration's "slow growth" policy that intentionally kept the U.S. economy stagnate while the world -- most notably, China -- accelerated. The extremism was so bad, many economists on the left even complained that wage growth was bad in order to make the case for increasing the minimum wage!
Yet the Trump tax cuts sent a clear signal that the United States economy was changing, and would from now on be committed to a growth of the economy not just as a matter of economic policy but one of national security. This creates confidence not just in the business world as we restore confidence in an American future, but spurs increased capital investment, creates more liquidity in American markets, and puts the American worker back to on the job to provide better lives and better futures for themselves and their families.
The net result of the last two years? Increased American productivity, more job creation, more people looking for work, and a better economy for everyone -- everything the previous administration said was impossible. Even labor participation rates are a six year high.
Alternatively, leftist observers might have chosen to stick a low job creation number as the result of President Trump's foreign policy, specifically the announced withdrawal of the United States from the Intermediate Nuclear Forces Treaty (INF) after repeated instances of violations from the Russian Federation with the development of the INF-range 9M729 cruise missile, after having flight tested, deployed, and on January 23rd put the weapon on display in a Moscow military theme park...
More after the jump. . .