President Trump just won re-election in 2020.
Can you even imagine the reaction from Democrats as the remarkable, miraculous, out-of-this-world new economic data about the Trump economy was released on Friday? More on that in a moment.
The Trump economy is soaring like a NASA rocket ship. It is exploding like a Grucci fireworks show on Independence Day. It is doing cartwheels like the U.S. Women's Olympic gymnastic team.
Payrolls (ie jobs) soared by 304,000 in January. That's not a typo. THREE HUNDRED AND FOUR THOUSAND. In one month. This number shattered expectations. Economists predicted 170,000. The actual number was almost double. That just never happens.
But wait, it gets better. The manufacturing sector expanded again- despite all the so-called "experts" preaching doom and gloom. The New Orders Index soared by 6.9 percentage points. Remember Obama said this was all impossible. He reported that manufacturing in the USA was gone forever. "That ship has sailed" Obama reported matter-of-factly.
More great news. Year-over-year payroll growth was 3.2%. Obama would have given his right arm for an increase like that- even one time in his eight miserable years.
The biggest miracle of all is the news that blue-collar wages are soaring. College graduates are losing ground to working Joes and Janes in this Trump economy. Leading the way was a 4.2% wage increase for sales employees and 4.1% gain for leisure and hospitality workers. Trump's "America First" policies are working!
This is all happening while GDP is still flying at 3% entering year three of the Trump presidency. Didn't Obama and his band of failed economists say this could never happen again? Didn't they say 1% GDP was the "new normal"?
It's "The Trump Economic Miracle"- a phrase I coined 18 months ago in my column. The Trump economy is accelerating. We're not at the end of a fabulous growth cycle created by Trump's low taxes and regulation killing spree. We may be only at the beginning of a Reagan-like run.