So how long did it take President Trump to make the United States number one again as the worlds most competitive economy? A little over a year but keep in mind a new President spends the first months getting the feel of things but as soon as Trump put his feet in office one of his first orders of business was to start getting rid of unnecessary regulations that Marxist Obama had instilled on the American businessperson which means the economy would get a boost just by the business person gaining confidence once again that he or she can invest without getting killed with over regulations and high taxation.
The following was posted by Michelle Jamrisko, published by Bloomberg: “The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center.”
Back on Top
“U.S. retakes competitiveness crown from Hong Kong in 2018 world rankings”
1. United States (4) 100
2. Hong Kong (1) 99,162
3. Singapore (3) 98,553
4. Netherlands (5) 97,534
5. Switzerland (2) 97,143
6. Denmark (7) 96,385
7. United Arab Emirates (10) 95,659
8. Norway (11) 95,424
9. Sweden (9) 95,046
10. Canada (12) 94,337
The United States hit a deep recession in crisis proportion in 2008 when the housing bubble burst because of the fact banks were giving out loans that people could not afford and President George W. Bush warned the Congress on seventeen different occasions that if Fannie Mae and Freddie Mac continued on the path it was on of easy unjustifiable loans that there would be a crash of the housing market. It was Congressman Barney Frank (D) at that time who ridiculed Bush’s concerns that the Republicans were making a big deal out of nothing; it was Barney Frank who imposed what were called “affordable housing” requirements on Fannie Mae and Freddie Mac in 1992, well we saw how big of a deal it was after the housing bubble burst of which there are still parts of the country that still have not recovered fully from it.
One might ask why am I bringing this up. I am bringing it up for the fact that when Obama took over the presidency to compound the crises the Unite States was in economically, Obama on top of it instilled tens of thousands of new regulations on the businessperson, especially the small business person with the clincher being Obama Care which took up practically all of a companies reserves which killed job hiring’s and expansions. So the brain-dead who have been trying to give Obama credit for today’s economic boom all they are doing is proving once again that liberalism is a mental disorder.
America’s economic comeback is no illusion. It’s because we have a President of the United States who has made it as a business person himself and he knows of the concerns of every person in our land who owns a business and the main concern as simplistic as it might sound to the elites is that word “confidence.” If the business person that is holding the money has the confidence that the man running the country in this case it being President Trump is not out to rip him off he will invest the money into the economy which also puts America up in the world stage that the United States of America is back again domestically and on the world scene and what happens in a situation such as that, the United States once again leads the world’s nations with the worlds most competitive economy!
Reblogged this on Brittius.