Difference between revisions of "Donald Trump achievements: Economic policy and labor"

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*Puzder, Andy (August 30, 2019). [https://www.foxnews.com/opinion/andy-puzder-us-economy-is-going-strong-despite-predictions-of-doom-and-gloom Andy Puzder: US economy is going strong – Bad news for Dems, good news for Trump and America]. ''Fox News''. Retrieved August 30, 2019.
 
*Puzder, Andy (August 30, 2019). [https://www.foxnews.com/opinion/andy-puzder-us-economy-is-going-strong-despite-predictions-of-doom-and-gloom Andy Puzder: US economy is going strong – Bad news for Dems, good news for Trump and America]. ''Fox News''. Retrieved August 30, 2019.
 
*[https://www.breitbart.com/politics/2019/09/03/ortiz-labor-day-brings-americas-prosperous-economy-into-focus/ Ortiz: Labor Day Brings America’s Prosperous Economy into Focus]. ''Breitbart News'' (from ''Townhall''). September 3, 2019. Retrieved September 3, 2019.
 
*[https://www.breitbart.com/politics/2019/09/03/ortiz-labor-day-brings-americas-prosperous-economy-into-focus/ Ortiz: Labor Day Brings America’s Prosperous Economy into Focus]. ''Breitbart News'' (from ''Townhall''). September 3, 2019. Retrieved September 3, 2019.
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*Akan, Emel (September 13, 2019). [https://www.theepochtimes.com/us-economy-is-now-on-the-upswing-despite-the-fed-and-the-global-slump-kudlow_3081304.html US Economy Is ‘Now on the Upswing’ Despite the Fed and the Global Slump: Kudlow]. ''The Epoch Times''. Retrieved September 13, 2019.
 
Other positive economic trends:
 
Other positive economic trends:
 
*Kusisto, Laura (February 28, 2019). [https://www.wsj.com/articles/u-s-homeownership-rate-hits-highest-level-since-2014-11551389595 U.S. Homeownership Rate Hits Highest Level Since 2014]. ''The Wall Street Journal''. Retrieved March 4, 2019.
 
*Kusisto, Laura (February 28, 2019). [https://www.wsj.com/articles/u-s-homeownership-rate-hits-highest-level-since-2014-11551389595 U.S. Homeownership Rate Hits Highest Level Since 2014]. ''The Wall Street Journal''. Retrieved March 4, 2019.

Revision as of 20:16, 13 September 2019

Official presidential photo of President Donald Trump
Main article: Donald Trump achievements

This article is a non-exhaustive list of achievements by U.S. President Donald Trump, his administration, and Congress related to economic and labor policy.

2017

See: Donald Trump achievements: Economic policy and labor (2017)

The U.S. economy rebounded during President Trump's first year in office under his MAGAnomics policies.[1] As an illustration of that economic growth in 2017, the Spectrem Group estimated that it caused the country to gain 700,000 new millionaires that year.[2]

Among President Trump's 2017 economic and labor policy achievements:

  • Signing several Congressional Review bills repealing Obama Administration regulations.
  • Signing a major $1.5 trillion tax cut bill into law that lowered both income and corporate taxes in addition to repealing significantly reduced the ObamaCare individual mandate, among other changes.
  • Repealing numerous Obama-era economic regulations.
  • Overseeing a rapidly-growing economy.

2018

See: Donald Trump achievements: Economic policy and labor (2018)

By May 2018, the Trump Administration had taken numerous steps to reduce banking regulations, both through legislation and through executive actions.[3] It also continued advancing economic nationalist policies.[4] It took steps to roll back the Obama Administration's labor policy.[5]

The U.S. economy, under MAGAnomics, continued growing and beating expectations,[6] and it performed better than the economies of many European and Asian countries.[7] Even many Democrats recognized that the economy was performing well under President Trump.[8] The economic growth helped President Trump in his trade actions, and it despite the fears of anti-tariff economists.[9] Between the beginning of Trump's presidency and the end of 2018, 4.8 million Americans joined the workforce.[10]

Among President Trump's 2018 economic and labor policy achievements:

  • Signing a bill repealing some financial regulations put into place under the Dodd–Frank law, the largest change to U.S. banking regulations since Dodd–Frank.[11]
  • Taking actions to reform federal workforce rules and to empower workers over labor unions.
  • Continuing to repeal numerous Obama Administration economic regulations.
  • Continuing to oversee strong economic growth.

2019

See: Donald Trump achievements: Economic policy and labor (2019)

By 2019, President Trump had created a strong bond between him and blue-collar workers, enough to make labor union leaders worried.[12] The National Labor Relations Board made several pro-worker and pro-employer rulings at the expense of labor unions.[13]

The U.S. economy, under President Trump's MAGAnomics, continued its strong growth in 2019.[14] Between November 2016 and the end of January 2019, over 5.3 million new jobs were created.[15] The Council of Economic Advisers reported in March 2019 that 71% of newly-employed people under the Trump Administration came from outside the labor force,[16] and the labor force continued expanding despite predictions that the opposite would happen.[17] By March 2019, the economy under President Trump averaged lower unemployment than any other president at that point in their respective presidencies.[18] In July 2019, the economic boom broke the record for the longest period of economic expansion in United States history.[19] U.S. companies outperformed companies in other countries in their market value.[20]

References

  1. Multiple references:
  2. Multiple references:
  3. Multiple references:
  4. Ip, Greg (July 20, 2018). President's Emerging Economic Policy: Picking Winners and Losers. The Wall Street Journal. Retrieved July 21, 2018.
    See also:
  5. Higgins, Sean (October 23, 2018). Trump administration set to scrap much of Obama's labor legacy in 2019. Washington Examiner. Retrieved October 23, 2018.
  6. Multiple references: For example, the February 2018 jobs report: The economy did not exceed expectations in March 2018, though the data still showed a strong market: See also:
  7. Multiple references: Specifically regarding the stock market: See also:
  8. Parnes, Amie (May 12, 2018). Dems worry Trump will win over economy. The Hill. Retrieved May 13, 2018.
    See also: However, the media tried to attribute the economic growth to Obama:
  9. Multiple references:
  10. Mansour, Rebecca (January 4, 2019). 4.8 Million More Americans Employed Since Trump Took Office. Breitbart News. Retrieved January 4, 2019.
  11. Multiple references:
  12. Multiple references: See also:
  13. Multiple references: See also:
  14. Multiple references: See also: Other positive economic trends:
  15. Carney, John (February 5, 2019). Fact Check: U.S. Economy Created 5.3 Million New Jobs Since November 2016. Breitbart News. Retrieved February 6, 2019.
  16. Moons, Michelle (March 19, 2019). 71% Entering Employment Came from Outside Labor Force Under Trump. Breitbart News. Retrieved March 19, 2019.
  17. Timiraos, Nick; Chaney, Sarah (March 23, 2019). Fueled by Strong Economy, U.S. Labor Force Defies Projected Declines. The Wall Street Journal. Retrieved March 27, 2019.
    See also:
  18. Klein, Philip (April 5, 2019). Trump economy has averaged lower unemployment than any previous president at this point in their presidencies. Washington Examiner. Retrieved April 5, 2019.
  19. Multiple references: See also:
  20. Akan, Emel (September 3, 2019). US Companies Outperform Global Peers in Valuation. The Epoch Times. Retrieved September 3, 2019.