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lunes, 1 de enero de 2018

Donald Trump says the stock market would be down if Hillary had won

In a humorous summary of President Donald Trump’s first year in office, the president congratulated himself for his fantastic economic results in 2017 — but didn’t hesitate to throw in a bit of schadenfreude at Hillary Clinton’s expense.

Trump blasted Clinton on Twitter early Sunday with a claim that stocks would have fallen had she won the 2016 presidential election.

He tweeted:

The tweet comes at the end of an epic year for the stock market that has seen the Dow closing at record highs and the economy growing steadily.

“Stocks would be down” if Clinton won

Trump isn’t wrong about his administration’s economic success. Wall Street has had a strong year with Trump in office, with the Dow rallying at record highs.

The Dow set 71 new records this year, its best one-year performance and its strongest first year post-Election Day since 1945, rising 28.5 percent.

Furthermore, the Dow gained a record 5,000 points since the start of 2017. The NASDAQ Composite and S&P 500 have also made record gains.

The economy expanded at greater than 3 percent in three consecutive quarters, and growth of 3.2 percent in the third-quarter marked a three-year high.

The upsurge has much to do with optimism about tax cuts and a business-friendly agenda that promises to pare back regulations. Trump has done much to accomplish both, having signed a major tax overhaul into law and cutting regulations significantly.

According to liberal pundits and former President Barack Obama, a Trump presidency should have tanked the economy. But Trump is having the last laugh, as just the opposite has occurred.

Looking ahead

Trump sent out another tweet on Sunday morning that questions why “smart voters” would want to vote for Democrats in 2018, politicians whose policies would “totally kill” the prosperity of the Trump economy.

“Why would smart voters want to put Democrats in Congress in 2018 Election when their policies will totally kill the great wealth created during the months since the Election,” he wrote.

Experts say that continued gains are conditional on whether the Trump administration follows through on its business-friendly agenda.

Seeing that the Trump administration has done that so far, there is no reason to doubt that it will stay the course in 2018.