ARRA News Service
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: (Pub. Since July, 2006)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, June 15, 2018

The Economy is Thriving on Trump’s Reforms

by Newt Gingrich: President Trump’s positive impact on the U.S. economy and markets is unassailable.

Except for a short disruption in February, the major stock market indices have been on a steady ascent since Donald Trump’s formal selection as the Republican nominee for president. The Nasdaq Composite Index has sailed from 5036.37 on July 19, 2016 to 7637.86 at the closing bell on Tuesday – continuously meeting and exceeding record highs along the way.

We have seen similar market trends in the Dow Jones Industrial Average and the S&P 500, which have climbed from 18559.01 and 2163.78 on the day Trump was nominated to 24799.98 and 2748.8 by Tuesday, respectively.

This market strength (especially the Nasdaq’s) is a really big deal. We are in an age of massive technological advancement and innovation that could potentially catapult our society into a new era of global leadership. Advancements in driverless cars, artificial intelligence, computing power, and helpful uses for big data will bring about changes in virtually every aspect of our lives, including health care, transportation, communication, and commerce. The Nasdaq tracks almost 3,000 mostly technology-focused companies which are working on these dramatic innovations. This includes America’s five largest big tech companies – Amazon (AMZN), Alphabet (GOOG, GOOGL), Apple (AAPL), Facebook (FB), and Microsoft (MSFT).

I had a great Facebook Live conversation Tuesday with Terry Campbell, Nasdaq’s vice president and head of government relations. We talked about the amazing comeback that the American economy has been seeing under President Trump and the Republican leadership.
As I wrote in my new book, Trump’s America: The Truth About Our Nation’s Great Comeback, our Gross Domestic Product (GDP) has been on the rise. Despite a summer of devastating hurricanes that caused billions of dollars in damage and job losses in at least three states, Puerto Rico, and the U.S. Virgin Islands, the U.S. GDP grew by 2.6 percent in the last quarter of 2017. This is lower than the 3-to-4 percent growth for which President Trump has aimed, but as I wrote in the book, 2.6 percent was still a welcome change from nearly a decade of slow growth.

“These growth numbers were still astounding considering President Trump inherited Obama’s lethargic economy. In fact, the first quarter’s weak growth was the last holdover from the Obama years because Trump’s policies were just beginning to go into effect. In fact, the average growth for the last three quarters in 2017 was 2.97. Even with the first quarter included, Trump’s first year ended less than half a percentage point away from his goal, which the media had declared impossible.”

And as I mentioned to Terry on Tuesday, some economists are anticipating second quarter GDP growth this year to exceed 4 percent. In fact, the Federal Reserve Bank of Atlanta is estimating more than 4.5 percent growth in the second quarter.

The remarkable success in our markets and economy are directly related to the Trump agenda. As I said at Nasdaq, the three major drivers are deregulation, the Tax Cuts and Jobs Act, and innovation.

First, President Trump’s massive effort to cut government red tape has allow companies to focus on their businesses rather than paperwork and federal rules. As I wrote in Trump’s America, the Competitive Enterprise Institute estimates that the total economic impact of federal regulatory compliance is about $1.9 trillion a year. Between the Trump administration’s ability to repeal 22 rules every one it has created and the Republican Congress’s ability to scrap 15 expensive Obama-era regulations through the Congressional Review Act, American companies have saved billions.

These businesses have been using these savings to expand their companies, increase hiring, and boost wages. This has helped lead us to the lowest unemployment rate in 18 years. In fact, the latest Bureau of Labor statistics indicate there are more open jobs than there are people looking for work in America. This is a wonderful problem to have.

Similarly, the Tax Cuts and Jobs Act significantly lowered the corporate tax rate (as well as personal income taxes for most Americans), and this has led nearly 600 companies to give bonuses, raises, and better retirement benefits to their employees. In fact, the tax cuts have made the United States so competitive, more and more international companies are seeking to move into the United States.

In addition to boosting employment and wages, the Trump agenda has allowed companies – especially the ones Nasdaq tracks – to focus on innovations that will further grow the economy and help make life better for Americans.

Finally, along with creating more jobs, higher wages, and greater productivity, our strong economy has allowed us to use our economic strength to influence countries such as North Korea and China. This is exactly why President Trump integrated the economy and trade into his National Security Strategy.

As I mentioned to Terry at Nasdaq, the continued success of the economy and markets under the Trump-Republican agenda will be a decisive issue in the 2018 elections – and I believe it will start a “red wave” in the Senate and allow Republicans to keep control of the House of Representatives.

The reason is simple: The number one thing you can say about President Trump and Republicans is that their agenda works.
Newt Gingrich is a former Georgia Congressman and Speaker of the U.S. House. He co-authored and was the chief architect of the "Contract with America" and a major leader in the Republican victory in the 1994 congressional elections. He is noted speaker and writer. The above commentary was shared via Gingrich Productions. Originally shared on Nasdaq.

Tags: Newt Gingrich, commentary, Economy, Thriving, Trump’s Reforms To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 5:45 PM - Post Link


Post a Comment

<< Home

View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More

Also, Join us at:

Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators

Facebook Accts - Dr. Bill Smith
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.


Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Defeat Obama's Agenda
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Maggie's Notebook
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts

Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer

Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger

  • To Exchange Links - Email:!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting beliefs associated with the former Arkansas Republican Assemblies (ARRA), this blog/site is controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2018 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.