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Credit Trump For Boosting Business And Fueling Our Economic Growth

Citations

Andy Puzder, writing in The Hill, cites Wayne Crews' "10,000 Commandments."

Progressive Democrats are in a tough spot. It is increasingly difficult to ignore that the economy is surging under President Trump. Both business and consumer confidence are above pre-recession levels. Just this week, the National Federation of Independent Businesses released its Small Business Optimism Index, which continued its “historically strong performance” extending “the streak of positive months dating back to last November, when it shot up immediately following the election.”

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Unable to credibly ignore this economic surge, the current tactic for progressive Democrats is to deny its cause. Congresswoman Maxine Waters (D-Calif.) recently stated that Trump deserves “absolutely” no credit for the growing economy because he has yet to pass “any legislation,” has not been “involved in public policy” and “doesn’t know really what’s going on on Wall Street.” While few people look to Representative Waters for economic guidance, CNN’s global economic analyst Rana Foroohar claimed, “We’ve fact checked the fact that Donald Trump does not deserve credit for anything good that has happened in the American economy in the last six months.”

This “Trump gets no credit” approach says a lot about how poorly progressive Democrats understand what drives economic growth. It isn’t more government; its less. In his first nine months, President Trump has taken a machete to the Obama era’s rules and regulations that have been choking American businesses like parasitic vines. In fact, a recent analysis by the Competitive Enterprise Institute (CEI), a libertarian think tank, found that Trump is deregulating the economy at a pace no other president ever has.

According to CEI, Trump’s has reduced the Federal Register’s page count by an impressive 32 percent compared to President Obama at this time last year. This put him on course to beat President Reagan’s record of a “one-third reduction in Federal Register pages following Jimmy Carter’s then-record Federal Register.” But that reduction took Reagan years to accomplish. Trump has been in office nine months. “So, by this metric, Trump is moving much faster” already making him the “least-regulatory president since Reagan.” There is little doubt that he will exceed Reagan’s record becoming the least regulatory president period.

Read the full article at The Hill.