All Posts by Empower Wisconsin

Dow Jones up 10,000 points since Trump elected

Empower Wisconsin | Dec. 17, 2019

By Tristan Justice, The Federalist 

President Donald Trump’s campaign spurred fears among countless economists and members of the mainstream media in 2016 predicting an economic Armageddon if Trump were to be elected. On Tuesday, the stock market hit an all-time high.

“Conventional wisdom is that, right off the bat, the stock market would fall precipitously,” declared the New York Times days before the election.

Simon Johnson, an economist at the Massachusetts Institute of Technology predicted in the Times that a Trump win would “likely cause the stock market to crash and plunge the world into recession.”

Dartmouth economist Eric Zitzewitz told Politico that Wall Street desperately preferred Hillary Clinton over Trump.

“Now comes the mother of all adverse effects – and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work,” wrote New York Times columnist and Nobel-Prize winning economist Paul Krugman on the day after the election. “So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”

Three years later, the country apparently got quite lucky in Krugman’s eyes, whose columns since the election make his contempt for Trump exquisitely clear and who has continued to predict an economic collapse every few months of the Trump presidency.

The Dow Jones Industrial Average officially reached 28,333 on Monday, hitting a 10,000 point high since Trump’s victory in 2016. The S&P 500 has also experienced more than a 46 percent gain. So how about that stock market crash?

While economists predicted Trump would be an “adversary” of economic growth, the Trump presidency in reality has been a boon for the American economy. U.S. investors have benefitted from the White House’s pro-growth agenda, slashing individual and corporate tax rates while pursuing an aggressive regulatory rollback regime to unleash the might of the American economy.

Read more at The Federalist. 

Listen to more:

Explore More
Biden: No lockdowns, ‘For now’

Biden: No lockdowns, ‘For now’

By Jim Geraghty, National Review Then-candidate Joe Biden, on Oct. 30, 2020: I'm not going to shut down the country….

Read More »

November 30, 2021
Leave it to Evers: Tony’s Equity Tree is back

Leave it to Evers: Tony’s Equity Tree is back

MADISON — It’s that generic time of year again when vanilla Gov. Tony Evers calls for kids to send in…

Read More »

November 30, 2021
Barnes’ big birthday fundraising bash with Madison radicals

Barnes’ big birthday fundraising bash with Madison radicals

By M.D. Kittle MADISON — Lt. Gov. Mandela Barnes celebrated his upcoming 35th birthday Monday, a couple days early, with…

Read More »

November 30, 2021
Tool of the Week: The purveyors of ‘progressive’ justice

Tool of the Week: The purveyors of ‘progressive’ justice

The oft-repeated question came up again last week. How many more innocent people have to die? Anyone horrified by the…

Read More »

November 29, 2021
The Rittenhouse law

The Rittenhouse law

By  Ryan Saavedra, The Daily Wire A state senator from Oklahoma has filed legislation named after Kyle Rittenhouse that seeks to…

Read More »

November 29, 2021
Should Milwaukee County DA John Chisholm be removed from office?

Should Milwaukee County DA John Chisholm be removed from office?

By M.D. Kittle MADISON — The call to remove or impeach Milwaukee County District Attorney John Chisholm is growing louder,…

Read More »

November 29, 2021
Leave a Comment

Your email address will not be published. Required fields are marked *