The stock market has surged since the election of Donald Trump, and has hit the 20,000 mark and now the 21,000 mark, a 15 percent increase.
And why not? This nation, and its clueless masses, worship wealth and opulence over principle and ethics, sorry to say!
The wealthy elite and the corporations love what Donald Trump represents—massive tax cuts for the top one percent promised, and the end of most regulations of corporations in all fields of the economy.
This is already the most conservative President, just in pledges and promises, that we have seen since Calvin Coolidge nearly a century ago.
Even Ronald Reagan was not able to do so much so quickly, or pledge to do, as Donald Trump has been pledging to the elite wealthy.
Meanwhile, for the average American, and the blue collar whites who voted for Trump, they are not yet aware of the scam being perpetrated, as they lose their health care, their protection from environmental calamity, and their social safety net that they receive in greater numbers than minorities often have.
No longer can they get a lower interest rate on mortgages, or a greater overtime pay at work, or protection from being victimized by those who advise them on retirement investments.
Public schools will be harmed; gays and transgender people will be discriminated against in an open fashion; civil rights violations will not be investigated; and civil liberties of all of us will be undermined by a lawless, corrupt administration which is taking advantage of gullible citizens who thought a narcissistic billionaire, who has always treated his workers, contractors, and tenants with disdain throughout his life, could be trusted.
While the wealthy and corporations celebrate Trump, expect that we will have the same result we had under Calvin Coolidge and Herbert Hoover–the coming of the Great Depression; and the same results we had under George W. Bush, the Great Recession.
Remember also we had great economic recessions under Dwight D. Eisenhower in the 1950s; under Richard Nixon and Gerald Ford in the 1970s; and under Ronald Reagan and George H. W. Bush in the 1980s and 1990s.
The way we get out of economic depressions and recessions is to elect Democrats—Franklin D. Roosevelt, John F. Kennedy. Lyndon B. Johnson, Bill Clinton, and Barack Obama, with FDR and Obama being the most crucial Presidents in taking us out of the two greatest economic downturns of the past hundred years–1929 and 2008!