MAGA: American Companies Posting Double-Digit Profit Growth

According to a new analysis from Reuters, American companies recorded by the S&P 500 are on their way to posting two consecutive quarters of double-digit profit growth, the first time they’ve done so since 2011. Among the factors contributing to the rise: Cost-cutting, a weakening dollar, and an improvement in consumer spending.

But one cannot look at the hard figures and come away with any other conclusion that by putting a pro-business president in the White House for the first time since (at least) 2007, we have stimulated the American economy in ways that may not even be fully evident for some time to come.

That said, many of the country’s top CEOs are concerned with the gridlock in Washington that has hindered the Trump agenda and prevented his economic boom plan from coming fully to life. With the failure of healthcare reform and the uncertainty of the next item on the Republican agenda – tax reform – many investors are worried that the current state of growth will not be sustainable heading into the year’s third quarter.

Overall, the U.S. economy accelerated growth in the spring, expanding to a 2.6% annual rate in April through June. That’s a remarkable uptick from where we were under the Obama administration, but it’s still short of the lofty promises made by Donald Trump on the campaign trail. Without the tax cuts and regulatory relief that Trump wants to implement, it’s not clear if Washington will be able to give American businesses the boost they need to send sustained growth into the 4% range.

“Consumers continue to drive the economy’s growth, but firmer business investment is also a plus,” said Mark Zandi, chief economist at Moody’s Analytics, told CBS News. “Weaker housing construction was the only significant drag on growth in the quarter.”

The media has no choice but to mention the positive news on the economy, but they’re doing their damned best to either downplay the president’s role in that news, stifle it with endless White House drama speculation, or give the credit – laughably – to his predecessor. Two of the biggest economic stories of the past week – Foxconn’s $10 billion investment in a Wisconsin plant and the record high Dow Jones Industrial Average – were given short shrift by the networks last week as they spent the majority of their broadcasts focused on Trump’s transgender military ban and his ongoing criticism of Jeff Sessions.

But that’s fine. It’s to be expected. These economic advancements don’t need to be touted through NBC Nightly News; the American people will feel it in their paychecks and on the store shelves. That’s all they’ll need to know when they decide whether or not to vote for Democrats next November.

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55 comments

  1. Christinammorales

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  2. I doubt seriously that the MSM will report this news since it doesn’t fit their agenda which is to focus on only those stories they can spin to diminish Trump and his accomplishments.

    • You’re on target…the MSM will never report anything positive regarding President Trump.

    • Read about yourself below-

      A psychological analysis of Trump supporters has uncovered 5 key traits about them

      Supporters of Republican presidential candidate Donald Trump wait for him to speak at Liberty University in Lynchburg, Virginia on January 18, 2016 (AFP Photo/Nicholas Kamm)
      The lightning-fast ascent and political invincibility of Donald Trump has left many experts baffled and wondering, “How did we get here?” Any accurate and sufficient answer to that question must not only focus on Trump himself, but also on his uniquely loyal supporters. Given their extreme devotion and unwavering admiration for their highly unpredictable and often inflammatory leader, some have turned to the field of psychology for scientific explanations based on precise quantitative data and established theoretical frameworks.

      Although analyses and studies by psychologists and neuroscientists have provided many thought-provoking explanations for his enduring support, the accounts of different experts often vary greatly, sometimes overlapping and other times conflicting. However insightful these critiques may be, it is apparent that more research and examination is needed to hone in on the exact psychological and social factors underlying this peculiar human behavior.

      In a recent review paper published in the Journal of Social and Political Psychology, Psychologist and UC Santa Cruz professor Thomas Pettigrew argues that five major psychological phenomena can help explain this exceptional political event.

      1. Authoritarian Personality Syndrome

      Authoritarianism refers to the advocacy or enforcement of strict obedience to authority at the expense of personal freedom, and is commonly associated with a lack of concern for the opinions or needs of others. Authoritarian personality syndrome—a well-studied and globally-prevalent condition—is a state of mind that is characterized by belief in total and complete obedience to one’s authority. Those with the syndrome often display aggression toward outgroup members, submissiveness to authority, resistance to new experiences, and a rigid hierarchical view of society. The syndrome is often triggered by fear, making it easy for leaders who exaggerate threat or fear monger to gain their allegiance.

      Although authoritarian personality is found among liberals, it is more common among the right-wing around the world. President Trump’s speeches, which are laced with absolutist terms like “losers” and “complete disasters,” are naturally appealing to those with the syndrome.

      While research showed that Republican voters in the U.S. scored higher than Democrats on measures of authoritarianism before Trump emerged on the political scene, a 2016 Politico survey found that high authoritarians greatly favored then-candidate Trump, which led to a correct prediction that he would win the election, despite the polls saying otherwise.

      2. Social dominance orientation

      Social dominance orientation (SDO)—which is distinct but related to authoritarian personality syndrome—refers to people who have a preference for the societal hierarchy of groups, specifically with a structure in which the high-status groups have dominance over the low-status ones. Those with SDO are typically dominant, tough-minded, and driven by self-interest.

      In Trump’s speeches, he appeals to those with SDO by repeatedly making a clear distinction between groups that have a generally higher status in society (White), and those groups that are typically thought of as belonging to a lower status (immigrants and minorities).

      A 2016 survey study of 406 American adults published this year in the journal Personality and Individual Differences found that those who scored high on both SDO and authoritarianism were those who intended to vote for Trump in the election.

      3. Prejudice

      It would be grossly unfair and inaccurate to say that every one of Trump’s supporters have prejudice against ethnic and religious minorities, but it would be equally inaccurate to say that many do not. It is a well-known fact that the Republican party, going at least as far back to Richard Nixon’s “southern strategy,” used strategies that appealed to bigotry, such as lacing speeches with “dog whistles”—code words that signaled prejudice toward minorities that were designed to be heard by racists but no one else.

      While the dog whistles of the past were more subtle, Trump’s are sometimes shockingly direct. There’s no denying that he routinely appeals to bigoted supporters when he calls Muslims “dangerous” and Mexican immigrants “rapists” and “murderers,” often in a blanketed fashion. Perhaps unsurprisingly, a new study has shown that support for Trump is correlated with a standard scale of modern racism.

      4. Intergroup contact

      Intergroup contact refers to contact with members of groups that are outside one’s own, which has been experimentally shown to reduce prejudice. As such, it’s important to note that there is growing evidence that Trump’s white supporters have experienced significantly less contact with minorities than other Americans. For example, a 2016 study found that “…the racial and ethnic isolation of Whites at the zip-code level is one of the strongest predictors of Trump support.” This correlation persisted while controlling for dozens of other variables. In agreement with this finding, the same researchers found that support for Trump increased with the voters’ physical distance from the Mexican border.

      5. Relative deprivation

      Relative deprivation refers to the experience of being deprived of something to which one believes they are entitled. It is the discontent felt when one compares their position in life to others who they feel are equal or inferior but have unfairly had more success than them.

      Common explanations for Trump’s popularity among non-bigoted voters involve economics. There is no doubt that some Trump supporters are simply angry that American jobs are being lost to Mexico and China, which is certainly understandable, although these loyalists often ignore the fact that some of these careers are actually being lost due to the accelerating pace of automation.

      These Trump supporters are experiencing relative deprivation, and are common among the swing states like Ohio, Michigan, and Pennsylvania. This kind of deprivation is specifically referred to as “relative,” as opposed to “absolute,” because the feeling is often based on a skewed perception of what one is entitled to. For example, an analysis conducted by FiveThirtyEight estimated that the median annual income of Trump supporters was $72,000.

      If such data is accurate, the portrayal of most Trump supporters as “working class” citizens rebelling against Republican elites may be more myth than fact.

      Bobby Azarian is a science writer with a PhD in neuroscience. His research has been published in journals such as Cognition & Emotion and Human Brain Mapping, and he has written for The Atlantic, The New York Times, BBC Future, Scientific American, Psychology Today, and others. Follow him on twitter @BobbyAzarian.

  3. I will not slow my new spending and am extremely thankful that we have someone in office who knows how to do this. There is no one else that was willing (and it would not have been as obvious).

    We have the right man in office. Shut the libs up and let’s get on with it. They are throwing a wet blanket on a very happy and vigorous America!

    • Ernestinarvictor

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      • Whos gives flying F ??

      • TROLL GO AWAY!!!!

      • Flagged you scum puppet.
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  4. The lame-stream media (LSM) is a sorry excuse of an example of “freedom of the press.” When the First Amendment was written, it was not expected that the media/press would be full of corruption, dishonesty, political hacks, and purveyors of fake news. We need to rethink “freedom of the press.” For example, if any press idiot publishes classified information brought to them by deep state criminal leakers, both parties automatically go to prison. That will solve that problem.

    • Freedom of the press does not mean tyranny of the press.

    • Take your protest to the next step at http://www.madashellboycott.com

      We are protesting the MEDIA’s use of bias by omission when creating the news. When they ignore all bad things about liberals and ignore all good things about conservatives, they create fake news.

      We are politely asking the advertisers to move their ads off the prime time news hours of ABC, NBC, and CBS. When the advertisers leave, George Soros will have to pay for his own propaganda.

      God Bless

  5. Please don’t tell the Liberals, their heads will explode! On second thought…………

  6. So when are they going to share all this profit with the working folks? Oh wait..the working folk are all in foreign lands where the jobs were shipped. They are working for peanuts there. Maybe that’s why profits are so high.

    • Tax cuts for corporations should be based proportionately on the number of jobs, GOOD PAYING JOBS, they create here in the US. If they don’t follow through and actually help the economy but pocket their profits, as has been the norm for the past decade, or expand their overseas businesses their taxes should go UP not down!

      • Totally agree and very well stated!

      • Have you seen how many new jobs have already been created, and how many more businesses there are already?! The liberal media sure won’t tell you! All they know to talk about is Russian “collusion!”

      • Not so, as corporations are set up as TAX COLLECTORS for the government. All taxes are a business expense and go into increased price of product or service, so any tax on a corporation is nothing but a stealth tax on US. It makes no difference AT ALL to corporations, as they were set up, just raises their prices to us.

  7. It wouldn’t matter if the President parted the Seas, the media would say the Russians did it.They have proven they have absolutely zero credibility and are no longer legitimate journalism.

    • The Demoncrats are just like the Jewish leadership of Jesus’ time here on earth. There was noting Jesus could do that would impress them. They hated Him, and killed Him, so they thought! The Demoncrats will NEVER be impressed with anything that Trump does, no matter how good it might be for the country! They wish that they could crucify Trump, I’m sure!

    • Excellent post.

  8. Yesterday I was at Starbucks having a conversation about this with a couple of the local snowflakes. They said that this is nothing but Trump riding the wave created by Obozo. I asked them how they felt about Obozo inheriting a deficit of 10.626 trillion dollars when he took office and leaving a deficit of TWENTY TRILLION dollars when he left? I pointed out that his administration singlehandedly added more to our deficit than ALL other administrations COMBINED and they were left utterly dumbfounded. They said that it would just have to be paid off by increasing corporate taxes as well as taxing the top 1% out of existence. That’s the extent of their IQ. That’s why they thing the DemoRats are the party to follow, they believe those actions alone will save us. Very sad.

    • Scary!!! Amazing shortsightedness! Glad I’m old and won’t have to live with the mess these flakes will be responsible for!

      • Me too, but our progeny will be stuck with this mess. If we continue backing our POTUS we can MAGA!

        • Just think of the conviction and dedication this man must have to get up every day only to face another assault. My heart cries for him and is strengthened in support every time I hear what the Left and the RINOs are doing. Just when the down trodden in this country thought they had a chance of getting back on their feet the filthy worms on the other side pull some illegal farce that distracts from what should be attended to! Real patriots on the other side, huh?! We HAVE TO HAVE HIS BACK!

          • You paint a true picture of our political world today!

            I am just believing that those conservative Democrats are noticing how out of line the Liberals are and will vote for Trump in 2020.

            Also, there are the elections in 2018! I just know we will clean House and Senate and get a Congress that will work with our POTUS.

            Did you know that 34 of 50 states now have Republican Governors?

          • Excellent post the democrats have dug themselves a deep hole and won`t be back for a long long time.

          • Yes, but I truly believe the new “Republican ” governor of WV will just be another RINO. But it is great to know that those 26 states now have totally Republican governments. ”

            Republicans will completely control 26 states
            © Getty Images
            “West Virginia Gov. Jim Justice’s decision to leave the Democratic Party to become a Republican means the GOP now controls all levers of government in 26 states across the country, a high-water mark in recent years.”

          • Fortunately we have a man in office who has a back bone and cares for this country. What we had for the previous eight years was a spineless anti American coward who filled his pockets with our money. President trump will get this country on it`s feet in spite of the democrats and the useless RINOS who are spineless cowards.

    • Te Demoncrats are pretty stupid, aren’t they, and they have a very limited scope of knowledge!

    • Your right but unfortunately you can`t reason with idiots who are just clueless and stupid and there isn`t a cure for stupidity.

  9. Did you hear Schumer “THE SICK W/ ENVY TROUBLE MAKER” complain AGAIN this morning. GET OVER IT SCHUMAN, TRUMP WON!!!

  10. Try Iheart radio instead of the lying press. They have progressives and conservatives plus tea party. Better than tv this is not an ad. I love them and the internet. Tired of hair pulling and lies.

  11. Wow… Gum Flappers of the (D) Good for nothing party go to VA to Lie to te press baout their plan for BIG minimum Wages for “all Americans” and Right away Businessses [rpofitys go WAY UP nad SCHIER calls Trump “INPRESIDENTIAL” WOW that Clown of the Senate really [icks BAD RININGS RO KIE!!!

  12. Trump has more business sense in his big toe than most politicians do in their whole body! Most politicians only know how to SPEND money, money that is NOT theirs! Trump knows how to MAKE money, both for himselfk, and for the American people. The liberal media doesn’t want you to know a lot of things, and one of them is that Trump is donating his presidential salary to charity! Now really, who would you rather have as president, King Odumbo, or Trump?! If you said Odumbo, you seriously need to have your head examined. You may have a concussion, or a brain tumor, like that RINO, McCain!

    • SCARSDALE, NY—Saying he had been considering the lifestyle change for a while now, local man Pete Halloran told reporters Friday that he was thinking about becoming aTrump asshole. “I’ve been giving it some serious thought, and I’ve finally decided to take the plunge and start treating people like shit,” said Halloran, 29, adding that he had several friends who became Trump assholes, and it seemed to be working out for them. “I’m just going to see how it feels for now, no pressure. If it doesn’t work out, I could always go back to acting like a decent person. But who knows? Maybe becoming a Trump asshole is exactly what I need.” At press time, Halloran had decided that becoming a total Trump asshole was more challenging than he thought and had settled on just being kind of a dick for the time being.

  13. Jobs? Jobs?? Jobs???

  14. Ginny Caminer Those idiots that keep criticizing President Trump should look at the stock market listings. That’ll show them how wrong they are. The liberals and democrats and those who sell their votes and opinions, are really more stupid than I had imagined. John McCain is old and senile but Lindsey Graham! There’s no excuse for him except just plain stupid.

    • Good post and John Mc Caine is going to pay for his hypocrisy ,you know the old saying what goes around comes around.

  15. He already signed executive orders to get rid of some regulations. Plus he has already made several business deals bringing company plant operations to the U.S. Those are the main reasons for the uptick the way I see it. Then you have the rhetoric and retail spending. All of which contribute to the growth. It will get even better and they should be able to get the tax cuts through with Trump taking the votes away from Democrats in 10 key States with democratic congressman!

  16. I’m positive that the MSM and the Democrats and other loonies will claim that this growth has nothing to do with our President. If these people and the RINOs (subversive Democrats within the GOP!) would just get our of the way, we could make America even better than ever before!!! Let us pray to the Lord Jesus that He will continue to work through our great President and the good people in Congress and make America a great Christian country!!!

  17. In other words, people against Trump stopping America from advancing to better all of us

  18. Those others are trying to destroy America..
    We need a profit for a change.. A REAL CHANGE!!!
    Not Obama change.. His change didn’t add up….

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