TRUMP’S MAGA ECONOMY ON FIRE! BIGGEST SURPLUS IN HISTORY, HISTORIC CORPORATE EARNINGS AND LOW UNEMPLOYMENT RATE – COMPLETE LIST!
COMPLETE LIST of the Results of the Incredible Trump Economy=> The Biggest Story Not Being Told Today
The Gateway Pundit by Joe Hoft
President Trump has now been in office a year and a quarter and the economic results of his efforts are astounding! In every economic measurement, President Trump’s economy is on fire and moving in the right direction.
Marketwatch reported in early May that the first quarter’s earnings are the best in a quarter century –
According to Thomson Reuters I/B/E/S, of the 343 companies, or about 70%, of S&P 500 members that have reported earnings to date, 79.9% have reported earnings per share that were above analysts’ expectations, putting the season on track for the highest earnings beat rate on record, going back to 1994.
So far, the first-quarter growth rate for EPS is 22%, compared with consensus earnings growth of 16.3% as of April 12, according to Lindsey Bell, investment strategist at CFRA. That outperformance is underpinned by some of the most highly valued companies, including JPMorgan Chase & Co. JPM, -0.50% Apple Inc. AAPL, -0.44% Facebook Inc. FB, -0.32% and Amazon.com Inc. AMZN, -0.36%
Bell said recent quarterly results have seen outperformance of about 3 to 4 percentage points better than analysts’ consensus estimates on average, compared with the 5.7 percentage points earnings are currently running ahead.
The US had a surplus in April which was the greatest one month surplus in the country’s history. The Washington Times reported –
The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.
All told the government collected $515 billion and spent $297 billion, for a total monthly surplus of $218 billion. That swamped the previous monthly record of $190 billion, set in 2001.
CBO analysts were surprised by the surplus, which was some $40 billion more than they’d guessed at less than a month ago.
Analysts said they’ll have a better idea of what’s behind the surge as more information rolls in, but for now said it looks like individual taxpayers are paying more because they have higher incomes.
Also according to the Bureau of Labor Statistics President Trump decreased unemployment to its current level of 3.9%. The unemployment rate in January 2017 was 4.8%.
President Obama on the other hand again moved in the opposite direction. In his first year and a quarter as President the US unemployment rate increased from 7.8% in January 2009 to 9.9% as of April 2010. The unemployment rate during this time reached as high as 10%.
Food stamps decreased significantly as reported by Breitbart from 42 million down to 40 million during President Trump’s time in office.
More than 2.2 million people have discontinued their participation in food stamps during President Trump’s first full year in office, according to the latest U.S. Department of Agriculture (USDA) data on food stamp enrollment.