Of the 68 economists surveyed, nearly 90 percent agreed that Trump had a strongly positive or somewhat positive impact on the stock market, 76 percent agreed that the president had a strongly positive or somewhat positive impact on GDP growth, and 63 percent said that he had a strongly positive or somewhat positive impact on job creation.
In addition, the majority of economists say Trump had a neutral or positive effect on long-term financial growth and a largely neutral impact on financial stability.
“There is definitely a sense in the business community that the president’s actions on taxes and regulations have led to a more pro-growth environment for them to operate,” Chad Moutray, chief economist at the National Association of Manufacturers, told The Wall Street Journal.
While Trump scored positive or neutral in most categories, President Barack Obama received negative and negative or neutral grades on GDP growth and long-term growth around the same time last year.
Since Trump took office more than a year ago, unemployment fell to a 17-year low, the stock market is at an all-time high and the GDP is growing faster than estimated.
Most economists also say that Trump’s tax reform package will boost the economy for at least several years, according to the Wall Street Journal. That boost can be a boon for the Republicans who backed it come election time and spell doom for Democrats, none of whom voted for the tax cuts.
Many companies are also raising their minimum wages, increasing salaries and committing to further investment in the United States directly as a result of the tax reform, according to Liz Peek a long-time columnist for The Fiscal Times, Fox News, and New York Times
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