Lost in the incessant chatter from CNN, NBC and Fox News about Russian collusion and the firing of James Comey is the effect of President Trump's economic policies and rollbacks of Obama-era regulations.
It has now been four months since Trump's inauguration, and a side-by-side comparison of the economy during the first four months of each president's administration suggests that the nation's economic turnaround just may be the biggest story nobody in the media is talking about.
Even Democrats have acknowledged that Trump's effect on the stock market has been profound, though many have written this off as either an anomaly or a case of "beginner's luck." However, data from a variety of sources, including the Bureau of Labor Statistics, the U.S.
Treasury and The Wall Street Journal, indicate that the nation's newfound economic growth shows no signs of stopping.
DOW continues to set records
Gateway Pundit reports that the DOW daily closing average has increased nearly 14 percent since Election Day, with the DOW closing at 20,804 on May 19 and cracking the 21,000 point mark -- for the first time in history -- on March 1. The DOW needed just 66 days to climb from 19,000 to 21,000, which, according to The Wall Street Journal, is the fastest 2,000 point run in the history of the stock market.
Conversely, the DOW moved in a completely different direction during Obama's first four months, with a daily closing average that decreased 13% between Election Day of 2008 and May 20, 2009.
On May 20, 2009, the DOW closed at 8,422 -- a drop of more than 1,200 points from the day Barack Obama defeated John McCain.
In terms of the national debt, Trump's first four months has seen U.S. debt decrease by $100 billion, according to the government's own TreasuryDirect website, which publishes data for the total public debt outstanding each business day.
According to TreasuryDirect.gov, the national debt increased by $659 billion during Obama's first four months.
When it comes to jobs, Trump gets it done
Data from the Bureau of Labor Statistics show that Trump added 738,000 jobs from January through April of 2017, and the unemployment rate saw a decrease in each of his first four months, hitting a record low of 4.4 percent in April.
During Obama's first four months, over 3,000,000 jobs were lost. In addition, the unemployment rate increased from 7.8 percent in January of 2009 to 9 percent in April.
Gateway Pundit also reports a staggering contrast in the U.S. Manufacturing Index during the first four months of the Trump and Obama presidencies. The index hit +43 in February of 2017. During Obama's first four months, the index never rose above -25.
While some have dismissed the "Trump effect" as beginner's luck during the first days and weeks of Trump's presidency -- a phenomenon that was sure to come to a screeching halt before long -- the numbers indicate otherwise.
