President Trump’s impact on the U.S. economy has been enormous. Unemployment is at a record low, the stock market reached a record high, and tax cuts have put more money in every citizen’s pocket.
We have been on top of the world. There are so many jobs out there now that many people have three or four of them. Life is good.
Another indicator of our booming economic growth is in new home sales. Under Trump’s governance, new homeownership is up a colossal 72 percent, numbers not seen since the administration of George W. Bush. It just goes to show you what a strong Republican leader can do for the average American Joe.
Much of this rise can be attributed to Trump’s removal of unnecessary regulations on the banking and mortgage industries. This too was a page out of Bush’s book. It worked once, after all, so doing it again was an obvious decision.
The many bankruptcies and home losses that will almost certainly follow, as they did at the end of the Bush terms, will come later and be dealt with by an incoming Democrat president, so Trump’s legacy of wealth building, however temporary, will remain intact.
The fact remains that President Trump has given people the ability to buy homes. Their ability to hang on to the property is up to them. Trump cannot be faulted for their inability to read the fine print. Trump’s feat is nothing short of tremendous and should be celebrated by all citizens as much as it is by those in the business of lending.
Democrats, of course, are not joining in the celebration. They accuse the President of being irresponsible and indifferent to the lives of those who will be affected by the coming greed of the mortgage lenders. We all know that’s ridiculous, though. Capitalism creates businesses that yearn to give and to show compassion. That’s why it’s the perfect system.
Let’s all take a moment to thank President Trump today. He has once again made America proud.