Making America Great Again: Year One
As with all of life, a presidency is made up of moments. The most significant are moments of truth, when the results of a president's actions and influence can break through the partisan rhetoric designed to obscure positive accomplishments. No president can have a perfect year. We elect human beings, not gods. Nonetheless, President Trump's first year in of office was filled with moments of truth that benefitted all Americans and will be remembered. His positive effects on the economy have been remarkable.
President Trump's election immediately ignited long-dormant business optimism. His administration's rapid regulatory rollback drove economic growth at a pace few expected. Led by President Trump, Republicans looked to pick up that pace with tax cuts that encouraged business investment, reduced the tax burden for working- and middle-class families, and eliminated the perverse incentives that drive our businesses, jobs, and dollars to other nations. As a result, the economy is surging as businesses grow, job opportunities increase, and government shrinks.
With the attention of Democrats and the media focused on scandals that the president's opponents fabricate (or pay others to fabricate), while parsing his every offhand remark or tweet in search of a word or phrase that might support their "never Trump" narrative, these moments often failed to get the coverage they deserved. Literally from the day he was elected, business confidence soared like a coiled spring let loose from its restraints. The National Federation of Independent Businesses' Small Business Optimism Index "blasted off the day after the 2016 election and remained in the stratosphere for all of 2017." By the year's end, the NFIB Index reached the highest monthly average in its history, exceeding the record year of 2004.
According to NFIB Chief Economist Bill Dunkelberg, "[w]e've been doing this research for nearly half a century, longer than anyone else, and I've never seen anything like 2017. The 2016 election was like a dam breaking. Small business owners were waiting for better policies from Washington, suddenly they got them, and the engine of the economy roared back to life."