Dr. Michael Busler: President Trump just had his best week ever

This past week, from Monday, February 3 to Friday, February 7, was the best week President Trump has had in office.  It started out very good and just got better.  If Trump is easily re-elected in November, as many believe, people will point to the past week as a key turning point.

The week started off very well.  President Trump has struggled to get his approval rating up.  Last October, prior to the start of the impeachment nonsense, his approval rating stood at 39%.  The Gallup Poll, which many observers believe is based on a skewed sample that favors Democrats, actually showed that Trump’s approval rating was 49%.  The disapproval was 50% meaning voters are nearly evenly split.

Previous polls from October 2019, had his approval rating at 39% while the disapproval rating was 57%.  That means his approval increased from 39% to 49%, while the disapproval fell from 57% to 50%.

Then on Tuesday the President delivered his State of the Union speech. To any unbiased observer, the speech was a tremendous success.  Many voters say that was the best speech Trump ever delivered.  He detailed how strong the state of the union is and highlighted his numerous successes on the economy, foreign policy and security.

He noted that his policies are working, especially for low income workers, who have seen many new opportunities.  Contrary to the Democrats position which simply gives free stuff to people in need, Trump gives those workers exactly what they really need: opportunity.  Now there are less people needing government handouts and record numbers of low income workers finding good jobs at relatively good pay.

Trump highlighted that minority and low income people really don’t want handouts.  Rather they want the opportunity to earn enough income that they can pay for their own needs. His approval rating from minorities has risen substantially.

On Wednesday, the Senate voted to acquit Trump of the bogus charges that the House of Representatives voted to send to the Senate.  Of the 250 Republicans in the House and Senate, only one was convinced to vote against the President.  While the impeachment remains a matter of record, at least for now, he was acquitted and he feels liberated.

Then on Thursday he gave a speech at the 2020 National Prayer Breakfast. Trump went on the offensive, blaming the Democrats for abusing their power in Congress.  He noted that the Dems leadership is really not interested in moving the country forward, but rather just seems to want to find some reason where they can twist Trump’s behavior into an impeachable offense.

Also on Thursday, Gallup released their findings about how satisfied Americans are with their personal life. The survey said 90% are happy.  That’s an all-time record.  The previous record of 88% was set in 1999, during the expansion that resulted from President Clinton reducing the capital gains tax from 28% to 20%.  Clinton also declared the era of big government is over.  He worked with speaker Gingrich to eliminate the budget deficit.  There were actually surpluses in the budget. Voters were very happy about that.

The high satisfaction numbers were across almost every demographic.  Also of note, nearly 2/3 of Americans are very satisfied with their personal life.

Then on Friday, the Bureau of Labor Statistics released the unemployment numbers for January 2020.  The 225,000 new jobs far exceeded expectations and likely indicates that the economy will be much stronger this year than it was last year.  Perhaps economic growth will hit 3% this year.

Adding to his exceptional week, the Dems held their first primary caucus in Iowa.  They were so disorganized that they couldn’t even count the votes. It took days before they knew who actually won and how the delegates would be divided. The Dems looked very inept.

It doesn’t get much better for President Trump.  He has pointed out how good things really are in America and he promises us that the best is yet to come.

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Dr. Michael Busler

Michael Busler, Ph.D. is a public policy analyst and a Professor of Finance at Stockton University where he teaches undergraduate and graduate courses in Finance and Economics.

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  1. Do you still feel this way after 150,000 people dead and no end in sight? Do you really believe that the economy will continue to improve with Covid-19 reducing demand ?

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