The Rest of the Story Trump Economics….

 Lots of news spouting from the Trump mouthpieces recently. But are they the truth or another example of taking credit for other people’s work?
Let’s look at the facts, shall we.

Trump’s economy has created 1.7 million new jobs since he took office…TRUE.
The rest of the story you’re not supposed to look at too closely…
Let’s examine the same time frame (January to December) of each of the years since 2010.
2010 – 951, 000 new jobs
2011 – 1.839 Million new jobs
2012 – 1.54 Million new jobs
2013 – 2.044 Million new jobs
2014 – 2.553 Million new jobs
2015 – 2.24 Million new jobs
2016 – 1.959 Million new jobs
Source: The US Bureau of Labor Statistics.

Trump economic unemployment rate is at 4.1%…TRUE
The rest of the story, since 2010, when the unemployment rate hit a staggering 9.8%, it has been experiencing a gradual annual decrease since.
Let’s take a look at the December #’s for each year.
2010 – 9.3%
2011 – 8.5%
2012 – 7.9%
2013 – 6.7%
2014 – 5.6%
2015 – 5.0%
2016 – 4.7%

Stock Market tops 25,000…TRUE AGAIN.
But for the rest of the story; in this one I must give credit where credit is due.
Though the market has been rising steadily since 2009, it took a massive 23% jump with the news of Trumps election. Mostly due to big business riding on the wave of Trump’s promise of huge tax cuts for corporations. But who really is profiting from the stock market rise? The biggest winners; companies like Apple, McDonalds, and Boeing… all companies that rely heavily on overseas sales and have capitalized on the weakened US Dollar. In the case of Boeing, which has seen nearly 70% soar in shares, mainly is profiting from growing defense budget.
Let’s not forget the fact that only 21% of all households making $30000 or less can even afford to venture into the market. Most of those only with the 401k’s offered through their employment.
Who gains? Once again the rich get richer.

Now, we all know that it takes months, or even years, for an economic plan to show any signs of its effectiveness. So we will not know what the tax cut bill brings to the table for any of us. The question we must ask ourselves is though…Can we really rob Peter and expect to still pay Paul? I suppose, just because it hasn’t happened since the beginning of time, does not mean that it won’t. But, highly unlikely.

So the moral of this story remains. Just because someone said it is true… and we so desperately want it to be true…does not mean that it is true.
Always look for the rest of the story.

13 thoughts on “The Rest of the Story Trump Economics….

  1. Let’s not forget that the stock market is overvalued at historic levels and is due for a correction. Anybody touting the great advance of the stock market over the last 12 months is clueless about the history of the market what is inevitable. I look forward to Trump taking responsibility for the correction as he has taken responsibility for the rise this year.

    Liked by 2 people

    1. Very true my friend. But I am sure he has a lackey already lined up to take the blame. Or he will go back to his campaign speeches and tell us again how the market means nothing. Just like he told us the unemployment numbers were all fake and how many jobs were created was not a sign of how well the economy was really doing. These are all things that actually came out of his mouth during his campaign but now, somehow, the are they greatest thing ever. The most disturbing thing is he says that he singlehandedly did all this. No help from anyone.

      Liked by 1 person

  2. Very true my friend. But I am sure he has a lackey already lined up to take the blame. Or he will go back to his campaign speeches and tell us again how the market means nothing. Just like he told us the unemployment numbers were all fake and how many jobs were created was not a sign of how well the economy was really doing. These are all things that actually came out of his mouth during his campaign but now, somehow, the are they greatest thing ever. The most disturbing thing is he says that he singlehandedly did all this. No help from anyone.

    Like

  3. Spot on and well said. What can we do against such force of greed and power . . . money?
    Marches? (20 Jan?) We’ve had marches before. They never seem to do much other than make TV news for a week or two. We marched many times, I’m not sure what good they do, at least we can see how many of us there are. But, don’t we know that already?

    Liked by 1 person

    1. Spread the word to anyone who will listen. We must take the time to learn about the candidates and not just mark a ballot randomly. That is the way my wife pick her sports teams…which one has the better looking uniform.

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  4. Your post strengthens the saying, Lies, Lies and damned statistics Jerry. We have a similar government Ministry of Deception over here in the UK. We are told employment is rising month on month. The real truth is the jobs being offered are on zero hour contracts with no sickness or holiday benefits, and limited workers rights. Good post.

    Liked by 1 person

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