Another 50 Year First for America’s Genius President
In Trump’s first year as president he has broken many records in terms of the stock market, unemployment, and the over all economy.
And now here is another one.
With the GDP numbers released yesterday, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.2% in the President’s first year in office.
When Trump released his budget earlier in the year, it included — as every president’s budget does — a forecast for GDP growth for the year.
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What did Trump’s economists say GDP growth for 2017 would be? Well, they said it would be 2.3% exactly what the economy delivered, according to the BEA.
And now it is even lower than originally predicted!
When a Billionaire is in charge of the economy
The Gross Domestic product (GDP) is an important measuring system to determine a country’s economic output and the overall health of the economy.
There are four components of GDP:
Personal Consumption Expenditures– All the goods and services produced for household use. This is almost 70 percent of the total GDP.
Business Investment – Goods and services purchased by the private sector.
Government Spending– Includes federal, state and local governments.
And with each quarter in 2017 the US GDP is increasing to $19.739 trillion – the highest GDP for any country in world history. But the President has since curtailed US spending. The result is that the US Debt to GDP ratio decreased in 2017 from 105% to 104%.
Talk about your fixer upper!
So, how did the spending and national debt get out of hand? Three words: Barack Hussein Obama.
In contrast, President Obama increased the US Debt to GDP ratio his first year in office by 14.5%. Additionally, Obama increased the rate a total of 37% over his 8 years in office.
Under Obama’s regime, we saw a government use extreme regulations to cover up the failure of economic policies. Even Nancy Pelosi thought unemployment benefits were a form of economic stimulus. Obama’s progressive socialism and his fantasy of wealth redistribution ended miserably.
Obama left Americans broke, applying for Food Stamps the government can’t even afford to dish out. From his not-so-affordable healthcare act to increased regulatory costs, Obama doubled our debt from $10 trillion to $20 and left Americans holding the bag. Every time someone called Obama out, he threw up excuses of “inherited problems”.
So, with the economic mess and the national debt climbing out of control, Trump did indeed inherit a Category 5 Hurricane disaster, yet he hasn’t muttered one excuse. That’s why November 8th mattered. The United States traded in a politician for a CEO.
Not only did Trump challenge corporate America to problem solve for the economy, he pledged to cut regulation by 75% and government spending by $10 trillion.
And Trump’s answers are simple.
Cut taxes — individual and corporate — in order to spur production, manufacturing, and economic growth. Not only will we build a wall to secure our border, but we will also build the pipelines and get our energy production going.
Trump also works hard to sell America to investors all over the world. Consider his recent speech in Davos Switzerland. While taking a hard line on trade and vowing to make commerce with other countries “fair and reciprocal.”
“After years of stagnation, the United States is once again experiencing strong economic growth. The stock market is smashing one record after another and has added more than $7 trillion in new wealth since my election,” he said. “Consumer, business and manufacturing confidence are the highest they’ve been in many decades.”
“Now is the perfect time to bring your business, your jobs, your investments back to the United States,” he said.
With this common sense plan the list of companies investing in America is growing by the day! Additionally, Americans are receiving bonuses, raises, and more money in their pockets. Thus, we have a fully functioning economy again in one short year.
In addition to the increase of companies investing in America and money flowing again, now for the first time in 50 years president Donald Trump has been able to balance all of America’s earnings and pay back our debts.