Monday, November 27, 2017

America is winning #CyberMonday, thanks to President Trump

 

"AMERICA IS WINNING THIS #CYBERMONDAY, THANKS TO PRESIDENT TRUMP"

-Jen Kerns in The Hill


There is "so much winning" this Cyber Monday as "the economy continues to boom under President Trump, and America is poised to break records again," writes Jen Kerns in The Hill. Kerns notes this year's Cyber Monday sales are predicted to be the highest in history because of the confidence Americans have in the direction of the economy.


With consumer confidence at a 17-year high and the unemployment rate at a 16-year low, the President is making good on his promise to return manufacturing jobs to the United States. Companies such as Toyota are planning to open factories here at home, leading Kerns to conclude that "the economy is booming and this holiday season, [President Trump] continues to make America great again."


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In The Weekly Standard, Shannen Coffin argues that President Trump has the law on his side with his appointment of Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau. The Department of Justice's Office of Legal Counsel "publicly released an opinion supporting the president's designation," writes Coffin, and that office "has long taken the position that the president can designate an acting official under the Vacancies Reform Act."

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Nine prominent economics experts wrote a letter to Treasury Secretary Steven Mnuchin published in The Wall Street Journal explaining why both the House and the Senate tax reform bills are "pro-growth." Both bills would spur the investment and economic activity ultimately needed to drive down the cost of reform. A Wall Street Journal editorial citing the letter agrees on that point: "A mere four years of 3 percent growth – the U.S. historical norm – could fill a $1 trillion hole."

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Investor's Business Daily says President Trump's trip to Asia was a success, especially on the issue of trade. China announced on Thanksgiving that it has decided to "slash import taxes on some 187 consumer goods," the editorial board explains.

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Writing in Fox News, Chuck DeVore thinks President Trump's "most significant contribution to a more prosperous America is also his least understood: his assault on the administrative state." Only four times since 1960 has the tide of liberty managed to roll back government power. Should the President prevail, writes DeVore, the decade of growth that follows would almost certainly be unprecedented.


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