Hopeful Economic Indicators, but Trump and Congress Need to Do More

Written by William Pauwels on September 5, 2017

Many elitist intellectuals are at least tentative in their support of Trump’s pro-growth agenda. That seems almost like a contradiction. Fortunately, Trump has taken executive actions that are enhancing economic results and have increased national wealth by over $4 trillion. That’s amazing.

Conservative voters (most Americans) and investors (including 401Ks) are pleased. The leftists and Dems, on the other hand, are miserable and seem even to be supporting Antifa in their effort to smear-everything-Trump.

Commentator Ben Stein says the media are trying to divide America, again. He condemns this effort – pointed out how Americans are helping each other regardless of race, color, and creed, etc.

The media are even criticizing Donald Trump for donating “only” $1 million of his personal wealth to the hurting, post-Hurricane Harvey people of Texas. The Leftist media are saying this is a small donation for someone of his means. Yet, I do not recall other presidents doing the same.

Stein wonders how many of the senior executive at ABC, NBC, MSNBC, CNN, New York Times, Washington Post, Boston Globe, etc. are making comparable donations.

Needless to say the mainstream media in this country is a pathetic group. I personally find them disgusting!

Meanwhile, back to the economy, the compounding effect of inflation will help the government cover its debt if deficit spending is brought under control. Inflation is a hidden tax, as many of you well know.

Sixteen years of Obama and Bush have been devastating. Trump and the RINO Congress must bring unproductive deficit spending growth under control. We must evolve into a balanced budget.

Term limits must be installed in Congress and the government bureaucracy. It will be necessary to provide grandfathered protection to get this passed.

Tax rates must be cut substantially. Overseas savings by American companies must be brought home tax-free if invested.

America’s infrastructure must be returned to world-class quality. We are currently way behind leading countries.

The American Prosperity Machine must be reinstated as the national strategy:

*The American-Way ― *The American Prosperity Machine: Traditional Judeo/Christian principles and values . . . the right to life, liberty, and the pursuit of happiness . . . freedom of speech, action, religion and family governance . . . an educated and informed society . . . freedom from gender and racial discrimination . . . affordable healthcare . . . the rule of Constitutional Law . . . the peaceful settlement of disputes . . . honest elections and presidential and congressional leadership . . . patriotic, truthful, checked-&-balanced, limited government . . . a strong military . . . cost-effective national defense . . . secure borders . . . the right of citizens to own and bear arms . . . free, competitive markets and institutions . . . properly-regulated, free-enterprise . . . balanced trade . . . private property rights . . . low cost, domestically supplied energy and natural resources . . . controlled immigration . . . individual responsibility and ingenuity . . . entrepreneurialism . . . businesses and enterprises that exist to meet the needs, wants and expectations of customers, suppliers, employees, and communities . . . a strong work ethic . . . full employment . . . fair pay . . . appropriate safety nets . . . low taxes . . . a strong, reliable currency . . . financial availability, mobility, and responsibility (balanced budget, minimal debt) . . . Competitive, Free-Market, Free-Enterprise, Constitutionally Limited Government . . . and American Exceptionalism.

photo credit: RHiNO NEAL [!] via photopin (license)

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William Pauwels
William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.