While the Democrats and their media allies attempt to bring down the Trump presidency with a determination reminiscent of Wile E. Coyote’s pursuit of the Road Runner, the president’s efforts to shrink the size and scope of government are producing some very positive economic results.
President Trump’s focus on reining in the administrative state has significantly reduced both the number of existing regulations and the output of new regulations, driving business optimism. Unlike policies that increase the oppressiveness of government, policies that incentivize business growth (like deregulation) produce jobs, opportunity and prosperity.
It takes real determination to ignore the numbers. According to the Bureau of Labor Statistics, the number of people working increased by 395,000 from February to May of this year. By contrast, the increase for the same period last year under President Obama was 15,000. Now at 6.9 million, the number of people unemployed is at its lowest level since May 2007, seven months before the recession began.