Oh, the doom and gloom forecasted if Trump won the election and served as President.
The media is great at covering its tracks and pretending things were never said, but Daily Caller compiled some of the real doozies:
– Paul Krugman predicted the stock market would crash.
– Kurt Eichenwald (of creepy porn-screenshot fame) sold all of his stocks.
– Glenn Kessler of WaPo said that the Obama economy was great, but that it would collapse as soon as Trump took office.
Plenty more goodies in the list of nonsense, which DC rebuts with facts:
In the year since the election, the Dow Jones industrial average is up 28.5 percent and has set 86 new record closing highs. The most recent record was set on December 18, 2017 when the Dow closed at 24,792.20. For the first time ever, the Dow hit four 1000-point milestones in one year.
At least some of these stock market gains can be accredited to deregulation under Trump, the passing of the Republican-led tax bill, and the Federal Reserve announcing hikes in interest rates.
The Trump economy has made major gains beyond just the stock market. The 4.1 percent unemployment rate is the lowest in 17 years, and the economy grew 3.2 percent from July to September, the highest quarterly growth in three years.
Trump’s plan also particularly helped the working class and manufacturing in the United States, as manufacturing was one of the fastest growing job sectors in November. The manufacturing sector added 31,000 jobs in November, up from a low at the same time last year, and hourly wage earnings went up 0.2 percent.
It’s safe to say 2017 was a victory, for the economy and for the Trump presidency.