- President Donald Trump presides over an administration that has seen an enormous level of controversy that could overshadow a burgeoning economy.
- He has delivered on promises to cut taxes and regulations and promote activity through more aggressive government spending.
- Critics believe that it won’t last because the fiscal stimulus is aimed only at near-term growth.
- The results, though, have been impressive: a surge in company profits and near-record levels of optimism from consumers and businesses.
President Donald Trump is nearly in completion of 20 months in administration which engulfed in so much controversy yet he showed a tremendous achievement in giving a big boom economy.
During his time in office, the economy has achieved feats most experts thought impossible. GDP is growing at a 3 percent-plus rate. The unemployment rate is near a 50-year low. Meanwhile, the stock market has jumped 27 percent amid a surge in corporate profits.
Friday brought another round of good news: Nonfarm payrolls rose by a better-than-expected 201,000 and wages, the last missing piece of the economic recovery, increased by 2.9 percent year over year to the highest level since April 2009. That made it the best gain since the recession ended in June 2009.
His critics, a group that includes a legion of Wall Street economists, most Democrats don’t believe it will last. They figure the current boom will begin petering out as soon as mid-2019 and possibly end in recession in 2020.
Sure this is going to see the sky for sure and there is no doubt in that.Mr .Trump will give a lot of surprises for the democrats in the coming days and will also reflect in the 2020 elections