Timothy Birdnow

I don't credit Trump with all of this; what has to be remembered is that Americans had just gone through four years of Covid lockdowns and a stunningly bad economy under Mr. Biden and are just plain tired of frugal living and worrying about the future.

As Rush Limbaugh used to say "if there is a recession I choose not to participate." (Or something to that effect anyway.)

Americans Keep Spending as Economy Defies Expectations

Still, much of the credit belongs to Mr. Trump. He has taken the foot off the American economic throat and at the same time has brought several trillion dollars in investment back into the country. He's opening jobs by kicking out illegal aliens who stole them. He's making foreign countries pay taxes when they had enjoyed a free ride in bygone days. There are a number of other things Mr. Trump has accomplished as well that helps to make Americans more confident in the future economic well-being of the country.

And he has restored pride in America, pride in being an American. A proud people are a happy people, and happy people have faith in their future. He has ended the navel-gazing and gnashing of teeth endemic during the tenure of office of Joe Biden. OF COURSE people are spending money! The future looks bright!

Recessions are psychological things. People lose confidence in the near future and begin pulling in, backing up, protecting themselves. When money stops investing in growth and starts to shelter you wind up with layoffs and eventually a recession. There is real money loss, certainly, but ultimately it comes from the expectations and fears of the public. Mr. Trump is calming those fears and promising a better tomorrow, a tomorrow that returns to the glories and security of the good old days before the Left wrent the nation's social and economic fabric asunder.

The Trump era is not an era of tears and fears and smears; it is an era of joy and hope and optimism. It's the same reason why Bill Clinton enjoyed such economic success. (Clinton simply had the good sense to ride the coattails of Reagan but he did allow the economy to hum along.) The small recession of '92 had actually already ended when Clinton took office. That recession was largely inevitable and it was very minor, but it cost Bush, who was reverting to Establishment form, to lose his job.

Anyway we shouldn't be surprised that the economy is flourishing; the economists never get anything right anyway.

Posted by: Timothy Birdnow at 08:33 AM | No Comments | Add Comment
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