The Dow Jones Industrial Average notched another record high this week, soaring past 24,000 on November 30.
The Wall Street boom is so undeniable that even anti-Trump network CNN heralded the stock market’s “incredible post-election surge.”
— Andy Hortin (@AndyHortin) December 1, 2017
While the mainstream media have been reluctant to give Trump any credit for the bull market, the numbers don’t lie.
The Dow has cleared its 80th record high since Trump took office. The consumer confidence index is soaring, and the nationwide unemployment rate is at a 17-year low. About about 2 million jobs have been created, and both the S&P 500 Index and Nasdaq have hit record highs since Trump was elected.
Naturally, the president trumpeted the latest Dow Jones record high on Twitter:
The Dow just broke 24,000 for the first time (another all-time Record). If the Dems had won the Presidential Election, the Market would be down 50% from these levels and Consumer Confidence, which is also at an all-time high, would be “low and glum!”
— Donald J. Trump (@realDonaldTrump) November 30, 2017
Moreover, the third-quarter gross domestic product under Trump just topped 3.3%. By comparison, the GDP under Barack Obama’s eight-year presidency averaged an anemic 1.2%.
The reality of the surging economy is a stark contrast to the stock market crash that Democrats and the media had predicted would occur under President Trump.
In the months and weeks preceding the 2016 election, financial “experts” and economics professors warned the public that a Trump victory would spell doom for the financial markets, cause the U.S. dollar to crash, and ultimately send the United States into a recession.
Underscoring once again that most of academia is a leftist intellectual wasteland, economics professors Eric Zitzewitz (of Dartmouth College) and Justin Wolfers of the University of Michigan were both proven dead-wrong when they predicted a mass market sell-off if Trump won. Tell us more.
And don’t forget this flashback gem:
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