TAX BILL ALREADY WORKING – AT 10:18 A.M. ET:   Democrats are already, and desperately, trying to play down the impact of the new tax-reform legislation.  But the truth cannot be denied, especially as it is attached to paychecks.  From Conservative Treehouse: 

The recently passed Tax Bill continues to enhance the MAGAnomic policy of the Trump administration, leading to more great economic and jobs news amid the headlines.

Do the math.  The three single-day announcements below will add more than 6,500 new jobs, average around $50,000 per job, and contribute tens-of-billions to a revitalized new America-First economy.  This is MAGAnomics in action.  This is a direct result of economic policies initiated by President Trump.  This is part of the reason why the U.S. GDP will easily exceed 4% growth in the next three years of Trump’s first term.

Economic Nationalism – America’s largest private employer, Walmart, has announced their plan to increase their minimum wage to $11/hr and give out bonuses between $200 to $1,000 to each of their more than one million employees:

CNBC – […] “We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders,” he added. “However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology.”

Walmart said the changes will benefit the retailer’s more than 1 million hourly employees across the country and will go into effect as soon as February. 

Additionally, as a direct result of the new tax landscape in combination with the one-time write-offs for investment, Chrysler has announced they are moving the majority of their Heavy Truck manufacturing from Mexico to Michigan.

COMMENT:  Read the rest.  It's good news.  What Trump has done is not only make it possible for corporations to do better for their employees, he has put pressure on them to do so.  He has also changed the national economic psychology from mixed to decidedly positive.

Now, if the president can avoid bad moments, in which he steps all over his accomplishments with foolish tweets or comments, he will be riding high.

January 12, 2018