News Roundup! The Economic Train Is Ending 2019 With A Bang, All Major Indexes Set All Time Highs, Nasdaq Composite Breaks 9,000 For the First Time Ever, PDJT‘s Stock Market Outpacing Previous Presidents, U.S. Jobless Claims Fall Again Beating the Economists Consensus, The Forgotten Men & Women Are No Longer Forgotten, PDJT’s Policies At the Southern Border Are Paying Off BIGLY, Pissing Their Money Away, Rods From God…..

The Economic Train is doing everything in her power to finish 2019 with a bang. All three major indexes (DJIA, S&P 500 and Nasdaq Composite) hit all time highs yesterday.

The Nasdaq Composite broke 9,000 for the first time ever.

From the article linked above:

Stocks climbed Thursday, hitting record highs as the market rallied into the end of 2019.

The Dow Jones Industrial Average rose 105.94 points, or 0.37%, to 28,621.39, while the S&P 500 climbed 0.51% to 3,239.91. The Nasdaq Composite finished the day 0.78% higher at 9,022.39, topping the 9,000 mark for the first time ever. Three major averages all hit new all-time highs.

The S&P 500 notched its 34th record close Thursday. The benchmark has risen 3.1% this month and 8.8% this quarter, bringing the year-to-date gains to 29.2%. The S&P 500 has a good chance at scoring a historic year: It is now less than 1 percentage point from posting the best annual performance since 1997.

“Stocks look like they just wont quit. The rally is for real,” Chris Rupkey, chief financial economist at MUFG, said in a note Thursday. “The economy’s engines continue to hum.”

It must kill the MSM to report this reality!

From the article linked above:

  • The S&P 500 has returned more than 50% since President Trump was elected, more than double the average market return of presidents three years into their term, according to Bespoke Investment Group.
  • Historically, years three and four garner the highest market returns for U.S. presidents.
  • The S&P will have to gain about 6% in 2020 to beat the average presidential return.

“Year three has been by far the best year of the cycle with an average gain of 12.81%, and the playbook has stuck to the script in year three of the current cycle,” the firm said in a note to clients last month.

The Dept. of Labor reveals initial claims for unemployment fell again last week. Another strong labor report, followed by another media report outlining how the results beat all economic analyst expectations; a consistent theme throughout 2019.

From the article linked above:

The number of Americans filing applications for unemployment benefits fell last week in a sign of ongoing labor market strength.

Initial claims for state unemployment benefits decreased 13,000 to a seasonally adjusted 222,000 for the week ended Dec. 21, the Labor Department said on Thursday.

Economists polled by Reuters had forecast claims would fall to 224,000 in the latest week. 

The White House rightfully points out all the WINNING that has taken place under PDJT. The Forgotten Men and Women are no longer forgotten!

From the link above:

DRIVING A RECORD-SETTING ECONOMY: The booming economy and strong labor market allow Americans of all backgrounds to find work and succeed.

The current labor market revival is not a continuation of past trends, but instead a direct result of President Trump’s pro-growth policies.

  • Since President Trump was elected, more than 7 million jobs have been added to our economy – surpassing the Congressional Budget Office’s predictions by 5 million jobs.
  • This year, the unemployment rate has fallen to 3.5%, its lowest level in 50 years.
  • Unemployment for African Americans, Hispanic Americans, Asian Americans, veterans, individuals with disabilities, and those without a high school diploma have all reached record lows under President Trump.
  • The President’s policies are bringing people off the sidelines and into the labor force.
  • The prime age labor force has grown by 2.1 million under President Trump.
  • The surge in labor demand has resulted in 7 million job openings, which outnumber job seekers by more than 1 million.
  • Before President Trump took office, there had never been more recorded job openings than unemployed workers.

LOWERING INEQUALITY: President Trump’s policies are helping forgotten Americans across the country prosper, driving down income inequality.

  • Annual nominal wages grew by 3 percent in 2019 for the first time in a decade.
  • Nominal wage growth has now been at or above 3 percent for 16 straight months.
  • Wage growth for many previously forgotten groups is now higher than wage growth for more advantaged groups.
  • This is the case for lower-income workers compared to higher-income workers, workers compared to managers, and African Americans compared to white Americans.
  • These income gains mark a fundamental change compared to before President Trump’s inauguration, contributing to reduced income inequality.
  • When measured as the share of income earned by the top 20 percent, income inequality fell in 2018 by the largest amount in over a decade.
  • The Gini coefficient, an overall measure of inequality in the population, also fell in 2018.

LIFTING UP AMERICANS: The booming economy is lifting millions of Americans out of poverty and providing all people with the opportunity for a brighter future.

  • In 2018 alone, nearly 1.4 million Americans were lifted out of poverty.
  • The poverty rates for African Americans and Hispanic Americans reached historic lows in 2018.
  • Over 600,000 children being raised by single mothers were lifted out of poverty in 2018.
  • The number of people claiming unemployment insurance as a share of the population is the lowest on record.
  • Nearly 7 million fewer people are on food stamps than at the time of the 2016 election.
  • 380,000 fewer people are on Social Security Disability insurance than before the 2016 election.

Our President’s policies at the southern border are paying off BIGLY!

From the article linked above:

Enforcement actions at the U.S.-Mexico border fell again in November, marking six consecutive months of declining apprehensions.

Customs and Border Protection enforcement actions totaled 42,649 in the month of November, according to data obtained by The Daily Caller News Foundation. The data—which is a combination of the 33,510 arrests and 9,139 inadmissible aliens at the border for that month—show a 6% decline from October.

November’s enforcement actions mark an 85% decrease of Central American family units since the peak of the border crisis in May. Total CBP enforcement actions along the southern border have dropped 70% in the roughly six months since the crisis reached its apex.

I am in Las Vegas with my family. Tom Steyer is spending a boatload of money on billboard advertising. I absolutely love to see these two MORONS piss their money away.

They will become angered by the Democrat voters when the primaries come around.

They will not donate a penny to the Democrat Party In 2020 because they will be pissed off!

From the article linked above:

Billionaire Democrats Tom Steyer and Michael Bloomberg have spent a combined $200 million on the 2020 Democratic presidential primary — though neither seems to have much to show for it but a slew of advertisements.

I always chuckle when I read these types of announcements!

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