Several positive economic headlines have dominated the financial pages lately, and award-winning journalist and author Stephen E. Strang says Americans and businesses have President Donald Trump and his pro-growth economic agenda to thank.
First, Market Watch reported that a strong autumn is paving the way for happy holiday shopping. As evidence, a recent Gallup poll found that American consumers plan to spend about $906 on Christmas gifts this year, up from $785 in October 2016 and representing one of the biggest year-over-year increases. To add to the good economic news, CNBC also reported that consumer confidence hit its highest level since December 2000, at 125.9 in October. Likewise, employers hired at a strong rate last month, adding 261,000 jobs, reported the Wall Street Journal, and the unemployment rate fell to a new low, at 4.1 percent—also the lowest figure since December 2000.
In summary, according to Bloomberg, the economy is heading into 2018 with very strong momentum, which, says Goldman Sachs says, will require the Federal Reserve to raise interest rates four times next year.
Much of this encouraging financial news is due to President Trump's economically focused agenda and strong business background, Strang says. In his new book, God and Donald Trump," Strang gives an inside look at the Donald Trump campaign, election and the presidency thus far, including the strides made in the economy.
"Donald Trump's election promises to grow the economy and bring outsourced jobs and American overseas businesses back home resonated with voters," Strang said. "He also continues to call on Congress to repeal parts of Obamacare, which has become an unsustainable drain on the economy. Trump was committed to a renewed focus on jobs, business and creating a more favorable trade balance for U.S. manufacturing. For too long, blue-collar communities have seen their factories closed and their jobs shipped overseas. America's mounting trade deficit and destabilized manufacturing base have impoverished entire regions of the country. Once proud coal-mining communities have been devastated, and families have been ripped apart.
"For many voters, the promise of a new focus on jobs and infrastructure was the No. 1 reason for supporting Donald Trump," Strang continued. "With his record of success in the business world, they trusted his ability to revise the tax code, reduce burdens on employers, strengthen the business climate and put Americans back to work. Trump's plan to get the economy back on track creates 25 million new jobs in the next decade and returns us to a 4 percent annual economic growth. This begins with pro-growth tax reform and lower rates for Americans in every tax bracket, and we have seen that the president has remained steadfast in urging Congress to simplify the tax code and lower the corporate tax rate, which is one of the highest in the world. Positive economic headlines prove Donald Trump's plan is working—and he is making good on his economic promises."
Strang is an award-winning journalist and successful businessman who began his career as a newspaper reporter at the Orlando Sentinel. He later founded a Christian publishing house and media company while interviewing and writing about nearly every Christian leader in the country over the past four decades.
God and Donald Trump is published by Frontline, an imprint of Charisma House, which has published books that challenge, encourage, teach and equip Christians, including 14 New York Times best-sellers.
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