This Is NOT Obama's Economy

TO ALL OF THESE LIBERALS WHO ARE NOW TRYING TO LAY DOWN THE CLAIM THAT SOMEHOW FORMER PRESIDENT BARACK OBAMA IS RESPONSIBLE FOR THE GREAT ECONOMIC STATE WE ARE IN—let me just say very clearly and with great emphasis...

That is just a total load of frigging hogwash!

The fact of the matter is that Barack Obama was not able to achieve 2% GDP growth over his entire presidency. Not just that, but when you add in the words—and these are not verbatim—that President Obama said, "This is the new normal folks," fully suggesting that we would never, as a nation, see 3% growth again, it sort of helps to make it all too clear that Barack Obama had no frigging clue how to grow the economy.

If the president had any confidence whatsoever that his economic policies would ever allow the American economy to see the light of day the way it is now his words may have been more something along the lines of, "Folks, these things take time, but stick with me and my policies and we can grow the American economy eventually."

He may have even been able to toss in a little add-in to say, "It may be well after I leave office for my policies to really get going."

But the fact of the matter is that it is Trump's economy which has laid the foundation for the exciting economic boom we are seeing. Barack Obama simply had nothing whatsoever to do with it.

Look, I am as fair and honest as anyone. We all know that presidents are more beneficiaries of economies, good or bad, than drivers of them. But we also all know that policies and other actions presidents make can either help or stall an economy.

When President Trump pulled back thousands of business crippling regulations, this helped businesses to open themselves up to new opportunities, and free themselves of other expenses which they were able to redirect into growing their businesses, and passing some of those cost savings on to employees, shareholders, and yes...to consumers as well.

You add in the major tax cuts the president made, and you have a recipe for growth, which is being proven every single day with the economy hitting the ceiling.

Jobs are plentiful, the labor participation rate is showing major signs of improvement, retail is doing great, the stock market is soaring...

These are a direct result of the Trump administration. NOT the Obama administration.

Is it any shock that the liberals would take this stance regarding the success of the Trump administration's economic policy? It shouldn't be if it is. When Obama could not make any inroads it was all Bush's fault. For an entire eight years the Obama administration could not do a thing to get the economy moving. And when Trump accomplished this task, of course it would not be due to Trump, but due to Obama.

Again. What a load of utter hogwash! Guys, I'm sorry. But you simply cannot have it both ways. You are full of crap. You know it. We know it. Everyone knows it!

The Trumpanomic Effect: Part One

Now that the election is over and we know who the president is going to be, it is time now to analyze what I think will be one of the largest impacted areas of a Trump administration.

The economy.

As an investor I am now spending considerable time evaluating some of the promises that President-Elect Donald Trump made during his campaign as they apply to economic considerations. And what I see is enough to make me literally salivate. Of course, he is not yet in the White House, and the House and the Senate need to be onboard with any plans the Trump administration may lay before them. But there is a positive here if you have not noticed.

The republican party, and even some of the most staunch never Trumpers within the republican party are all now clearly and openly rallying in favor of the president-elect.

Seeing Ted Cruz moving in and out of Trump tower negotiating with both Trump and Pence and other members of the transition team, and hearing Cruz now speak to the American people about his now positive views on what Trump will offer is one thing. But Mitt Romney has also apparently moved on over to the Trump train as well, even after virtually calling for the election of Hillary Clinton early on in the campaign.

It's one thing that the GOP controls both the House and the Senate. It's entirely another that they are in support of the president-elect, and by all accounts, appear to also be entirely onboard with much of his agenda as well. Even Ted Cruz specified that Trump's overwhelming defeat of Clinton and the GOP win over democrats, despite what all thought would be considerable odds, defined a clear mandate by the American people that they want the campaign promises to be fulfilled. And if the GOP wants to maintain their power, they are going to have to deliver on that mandate or face their ouster come the next round of mid-term elections.

So, when it comes to the economy, it looks like we may see the ratification of a good number of some of the ideas that Trump offered to right the listing economic ship. And from an investors perspective, this means we may see some very interesting positive developments in the stock market going forward.

And by the way, it's not just the stock market that will benefit. If Trump can get done what he wants to do—especially in the first 100 days—of course American workers will see massive benefits as well. It's really not rocket science to understand that the underlying factor of more Americans working, even making higher wages, coupled with other factors are the benchmark of a strong economy.

Think of the impact of the middle class and my point is proved. When the middle class is vibrant and strong the economy flourishes. When the middle class is in jeopardy, the economy slips and falls.

One thing that seems clear to me is that if Trump can get done even half of what he advocated for during the campaign, we are going to see massive upswings in jobs, and even massive upswings in median income across the United States. I honestly believe that a whirlwind of economic growth is right around the corner, and if the economic policy put forth by the Trump administration looks anything like I think it will, we are headed for long term growth that may even make the undeniable success of Reaganomics pale by comparison.

In the following series I will outlay some of the factors that I think will spur on this economic growth, and the reasons I think they can be powerful enough to potentially uplift the American economy in very short time. I don't think we're looking at four or more years to see results here. I think we will begin to see results, actually, after just two years into the Trump administration. And in some ways if I am to be totally honest, even two years may be a conservative estimate.

Why?

Because if the American people can see the light at the end of the tunnel, and if there is a positive attitude toward what our economic future holds, this will reflect very early on (and in some cases is already being evidenced a mere 10 days after the election results) in how Americans react to it. Things to watch with abided attention are the U-6 unemployment figures, consumer confidence figures, retail sales, and the housing market—particularly housing starts as opposed to depletion of existing inventories.

My shortlist advice? You better have some cash lying around to toss into the markets, and I will be telling you where I will be putting a lot of mine, because waiting too long may well put you miles behind the curve once this thing really gets going.

I told you all along that Trump would win, and win big, and laid out all of the reasons I saw that coming. Now am I going to tell you that the economy is the next big winner, and will lay out all of the reasons why I see that coming as well.