by Pamela Williams
There is no doubt the US is rocking and rolling with all of the changes President Trump is making in America. A great amount of conflict is occurring between Government factions, but one thing that everyone can agree on is the economy is surging. President Trump campaigned with the promise of bringing jobs back to America, and there are so many Americans who love him for that. When he has a rally with his public, it is a good thing for him and for us. He is going through a lot of needless rubbish from Liberals and some Republicans who can’t seem to give him a minute’s peace.
Lets talk about what Americans are experiencing within the new Trump economy.
- Factories are benefiting from greater consumer and business optimism since last fall’s presidential election. Companies are spending more on big-ticket items such as industrial machinery, and Americans are buying cars at near-record levels. Overseas growth has spurred more exports.
- The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) is at its highest point since June 2005.
- The HMI, a measure of builder confidence in the market for newly-built single-family homes, shot up six points during the month to a level of 71. “While builders are clearly confident, we expect some moderation in the index moving forward,” said NAHB Chief Economist Robert Dietz. “Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor.”Still, “builders are buoyed by President Trump’s actions on regulatory reform,” said NAHB Chairman Granger MacDonald, “particularly his recent executive order to rescind or revise the waters of the U.S. rule that impacts permitting.”The HMI uses a monthly survey to gauge builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair,” or “poor.” Builders are also asked to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.”Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
Americans are feeling more optimistic about their pocketbooks, and that is a relief for many who had felt hopeless about lost jobs. Trump will come through on his promise of jobs and a better economy. He is going through government excesses with a fine-tooth comb, and he is not letting anyone off the hook. He plans to basically restructure government. I am not saying this is going to be easy on everyone, as government workers will be the ones on the short end of the stick. But there is no other way to do what needs to be done. After things settle down, and big waste has been dealt with, we can look back and see a more efficient America.
- Another area that is seeming to thrive under President Trump is finance. This year, investors have poured a combined $2.4 billion into three exchange-traded funds focused on banks — State Street Corp.’s Financial Select Sector SPDR fund, ticker XLF, BlackRock Inc.’s iShares U.S. Financials ETF, ticker IYF, and the Vanguard Financials ETF, ticker VFH — as a bet that the firms will benefit from Trump’s deregulation policies. The funds’ top holdings are global lenders like JPMorgan Chase & Co. and Wells Fargo & Co., according to Bloomberg data.
- Strong fundamentals are also helping to drive finance firms higher. Banks posted a 5 percent increase in profits in 2016, according to a recent report by the Federal Deposit Insurance Corp. Financials have been the best performing industry in the S&P 500 over the past 12 months, rising more than 42 percent, and were leading the market higher following Trump’s speech before Congress.
That speech was about positive changes, and President Trump gave Americans hope for a better tomorrow. In my opinion, his speech was at the top of the list of most inspiring speeches given by any President. America needed that speech, and President Trump shocked and amazed many in Government who underestimated him. But WE THE PEOPLE knew he would do what needed to be done.
— Jeanine Pirro (@JudgeJeanine) January 23, 2017
Judge Jeanine adores President Trump, and she believes in him.
Now, lets take a look at Trump’s new budget and how it will look in the future. Everything has a negative side to it. The budget unveiled by the Trump administration on Thursday would remake the United States — vastly expanding national defense but cutting or gutting dozens of programs that touch the lives of Americans every day. Charter schools would get more money. But federal money would be eliminated for an agency that improves water and sewer systems in impoverished corners of Appalachia.
The budget would increase the defense budget by $54 billion, including a larger naval fleet and more F-35 fighter jets for the Air Force. My thought on this expansion is at this time America is facing a challenge of war on several possible fronts. Right now the head of our State Department Rex Tillerson is in Asia meeting with heads of the Countries of Japan, China, and South Korea. North Korea is posing a real threat to America’s safety. They continue to pressure us with their nuclear capability, and we can no longer ignore what they are doing. I just read this morning that Tillerson says the possibility of war with North Korea looks very likely . It does not sound good, and I think we need to prepare ourselves for what lies ahead on the war front.
The budget would inject $314 million into border security and immigration enforcement. The money would allow the United States to hire 500 more Border Patrol agents and 1,000 more Immigration and Customs Enforcement workers next year. We know we as Americans have asked for this from the Obama Administration, but Obama continued to make our border even more open to terrorists.
Trump would eliminate the Legal Services Corporation, which helps almost 2 million people a year. The agency helps poor people find lawyers to resolve housing cases and navigate bankruptcy, and helps victims of domestic violence get protective court orders. This may open up an area for more counselors instead of lawyers. It may encourage a new sector of job growth within the field of counseling. The courts are clogged, and many cases are on the back burner as it is. I am being optimistic in the fact that our courts and our legal system needs to be streamlined and restructured. I don’t want to see anyone suffer. Here in my area, we have organizations that reach out to victims of domestic violence, and they are well funded by those within our County. Doctors and other professionals give their services free of charge, and that will not change. I know other areas have the same services.
Change is not easy, and we cannot expect there will be no negative aspects to the changes President Trump is making. After President Trump’s economic plan has been fully implemented, there will be necessary adjustments I am sure he will make. He wants to include all Americans in his vision for a great America…not just for some but for all. He has stressed this fact, and I know we can believe him.