As we approach the end of 2017 we are told it was one of the worst by one party. What happened to make it that way? A commentary (
https://pjmedia.com/rogerkimball/tale-two-years/) tells it like it is as opposed to what some say it was….
Here is a summary taken from that column….On November 8, 2016, the Dow Jones industrial average closed at 18,332. “Little went well” this year, so it is no surprise that the market closed on Friday, December 23 at 24,754. In other words, the market rose 6,422 points, or
35 percent, in little over a year. I’m told that
represents more than $6 trillion in shareholder value….
The USA, thanks in part to the exploitation of fracking technology, is now the
world’s largest energy producer. Oil prices, to the chagrin of the Middle Eastern petrostates, and to Russia,
are less than half what they were just a few years ago. …..
Unemployment is at 4.1 percent, consumer confidence is at a 17-year high, and 1.7 million jobs have been added over the course of this
annus horribilis (horrible year)…..
GDP is over 3 percent …. cutting 16 business-strangling regulations for every one new federal…The American military, with a $100 billion increase in its budget, is modernizing and strengthening…. Meanwhile, illegal immigration is
down more than 50 percent….
In fact, the (Tax) bill, by cutting corporate taxes from 35 to 21 percent, will spur economic growth which will create jobs, which will increase America’s prosperity. America’s middle class are the
chief beneficiaries. The new plan doubles the standard deduction to $12,000—$24,000 for families—and also doubles the child tax credit from $1000 to $2000 per. While the new act keeps seven individual tax categories...it
lowers the rate of all seven, maxing out now at 37 percent instead of 39.6 as before..
If you follow only CNN you probably don't get this news….
