Despite Democrat Warnings, the Dow Jones, NASDA & Consumer Indexes Hit Record Highs

Wow is us if Donald Trump is elected because he will raise taxes and crash the economy, was the warning from many Democrats two years ago.

Many sounded the same alarm with Trump and Republicans wanted to cut taxes.

They told the American people that the tax cuts would add over $1 trillion to the deficit and the economy will suffer.

Well, there have been some months that reported more revenue than expenditures, plus we are seeing record unemployment, especially for Hispanic and black Americans.

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Then Democrats warned that Trump’s tariffs would hurt the economy, so what’s happened?

On Tuesday, the Dow Jones and NASDAQ set record levels and the consumer index is the highest it’s been in 18 years.

(Market Watch) – The S&P 500 and the Nasdaq on Tuesday finished at records for a third consecutive session after a measure of consumer confidence hit a nearly 18-year high, underscoring a continued expansion of the U.S. economy. However, the market’s gains were muted, with indexes closing off of intraday peaks.

How did the main benchmarks fare?

The Dow Jones Industrial Average DJIA, +1.04% rose 14.38 points to 26,064.02, coming within 2.1% of its record. The S&P 500 index SPX, +0.86% edged up 0.78 points to 2,897.52, and the Nasdaq Composite Index COMP, +1.06% added 12.14 points, or 0.2%, to 8,030.04.

The moves follow a sharp rally Monday, with both the S&P 500 and the Nasdaq closing at records for a second straight session and the Dow exiting its longest stint in correction territory since 1961

Once again, I urge every Republican running for office anywhere in the United States to point this out to the people.

Point out that the tax cuts have put more Americans to work than in many years, including black and Hispanic Americans.

Point out that the average pay scale has increased.

Point out that the Dow Jones and NASDAQ are still setting records, even with the trade wars and that the consumer index has hit an 18-year high.

Then tell every voter that Democrats want to take ALL of that away.



The opinions expressed by columnists are their own and do not necessarily represent the views of Barb Wire.

R.L. David Jolly holds a B.S. in Wildlife Biology and an M.S. in Biology – Population Genetics. He has worked in a number of fields, giving him a broad perspective on life, business, economics and politics. He is a very conservative Christian, husband, father and grandfather who cares deeply for his Savior, family and the future of our troubled nation.

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