First, the Democrats blamed the Federal Bureau of Investigation (FBI). And then they blamed the “Deplorable” Republican constituencies they were hell-bent on degrading. Then they went back to the FBI and blamed them a second time. Not yet done, they started looking at the voting machines in three states where they lost.
Eventually, they made their way to blaming the Russians and thus, conjured up nightmarish images of the American president as a “Manchurian Candidate” – a sleeper whose strings are pulled by Moscow.
The absurdity sold airtime for Cable News Network (CNN) and papers for The New York Times and The Washington Post, all three still smarting from falling for Left Wing webs woven and spun and then calling it so wrong that creditworthiness and journalistic ethics went right out the window.
But what really counts after we shed the spin and the unabashed mainstream media bias cloying at American politics and preventing their economy from moving on following an agenda of growth and productivity?
Allow us to look at Square One.
The frenetic start of President Donald J. Trump achieved much more than what would have been tallied a hundred days from the presidential inaugural. It all depends on what ring in the three-ring circus of politics one is focused on. Allow us to focus on the economy and the platform promised to substantiate the electoral win that changed the complexion of politics at the White House.
Who really cares where the anti-Trump and the de-legitimization campaign is headed or whether it has an iota of substance against the electoral system it attacks and yet has not proven invalid? Left Wing protesters are forgetting that neither the vote that they do not agree with nor Trump, would be unseated by burning cars and torching grocery stores.
Even less effective are the attacks on the president’s family, including the utterly unfair assault on the president’s 10-year old son. How does riotous anarchy symbolize the democratic values that Americans espouse and embrace – the very same lofty motherhood principles they say are being challenged by Trump?
Indeed, how does torching a five-and-dime store settle a disagreement on national policies?
But what if we exorcise the news of the toxic and tainted political element, the hate campaign and the media bias, the entertainment and the denigration, and focus instead on the impact on the global and domestic economies that found the mandate behind the presidency?
For starters, let us cross the Atlantic. Deutsche Bank, a most reputable financial institution expects that the aggressive economic agenda under a Trump administration would at least double gross domestic productivity growth. That is actually easy. Under the Obama administration, when adjusted for inflation, GDP was practically dead in the water averaging as it did at a measly 1.5-percent growth. That was by far the record lowest in history since the Second World War.
Still on the other side of the Atlantic, another non-partisan agency, the influential Organization for Economic Cooperation and Development (OECD) had recently recalibrated its global growth outlook as it assessed the impact of Trump’s economics on world trade. Contrary to the spin fed us by the mainstream American media, they foresee growth at 2.3 percent in 2017 rising to 3.3 percent, and from there rising further from an original forecast of 3.0 percent to 3.8 percent the following year.
Vanity Fair might be the magazine of choice for the Liberal Left wingers but Forbes Magazine has far more substance where the economy is concerned. The latter, in its analysis of the Trump agenda effectively debunked doomsayers.as it discerned in Trump’s platform at least two important economic stimuli that produces higher dollar values, and likewise higher bond and equity values from the financing of Trump’s infrastructure initiatives.
One is the highlighting of supply-side economics that stimulates business activity, and puts America to work through programs that reduce predatory taxes and cuts red tape.
The other is the repatriation of manufacturing back to the United States. As these create domestic employment, they likewise create domestic taxable profits. A little-discussed collateral effect of bringing back jobs and reinvigorating manufacturing is the immediate increase in the equity values that attracts foreign investment, the former by as much as 20 percent.
Already, we’ve seen historic highs on Wall Street. We’ve also seen jumps in the jobs data allowing the Fed to slightly increase interest rates to degrees that pull in expatriated money back to the American economy.
And it isn’t just capital that is flowing in. Note the domestic increases in investments by global corporations like Ford, Carrier, US Steel, Softbank, Foxconn and Alibaba — all committed to aggressively invest in the United States or provide over a million more jobs.
Really now. Does this look like the work of the Russians?
The Market Monitor Minding the Nation's Business