Wednesday, October 21, 2020

Stock market performance under Trump has been good in comparison with his predecessors, but best ever remains Eisenhower by far, followed by Truman


The post-war boom was almost inevitable and had little to do with the individual man and his policies. The income tax code's punitive elements at the time drove money into domestic investment, which received favorable tax treatment.

For America to be great like that again we must punish foreign investment and reward domestic. That's what creates jobs for Americans and expands markets for housing, autos and everything else here at home, with the result that companies make money and stocks do well.

But everyone in both parties, it seems, still want everything for themselves, investing abroad where labor is cheaper and regulation lax.

The only person in politics even remotely open to reversing the status quo remains Trump.