President Trump has said the United States of America’s economy is experiencing an upward swing.
The President echoed the decrease in unemployment, stock market growth and an increased enthusiasm among manufacturers.
He wrote, “Stock Market hits an ALL-TIME high! Unemployment lowest in 16 years! Business and manufacturing enthusiasm at highest level in decades!”
Stock Market hits an ALL-TIME high! Unemployment lowest in 16 years! Business and manufacturing enthusiasm at highest level in decades!
— Donald J. Trump (@realDonaldTrump) October 5, 2017
However, critics and observers believe the President is taking credit for what he didn’t initiate. Experts argue that the Stock Market is an indicator which has lagged for up to eleven months, hence Trump cannot lay claim to its rise, as he is just nine months into his tenure.
Others assert that the President of the United States has very little to do with the stock market, insisting that market forces are not related to who is in office, but a resulting effect of earnings of respective companies.
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