Trump jokes shutdown is a ‘present’ from Democrats

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The federal government shutdown is a gift from Democrats, President Trump joked amid a string of early Saturday tweets, pinning blame for the stalemate on Democrats and pushing for more Republicans to be elected.

“Democrats are far more concerned with Illegal Immigrants than they are with our great Military or Safety at our dangerous Southern Border. They could have easily made a deal but decided to play Shutdown politics instead. #WeNeedMoreRepublicansIn18 in order to power through mess!” he tweeted at 6:17 a.m.

He followed up with a joke on the first anniversary of his inauguration.

“This is the One Year Anniversary of my Presidency and the Democrats wanted to give me a nice present. #DemocratShutdown,” he tweeted at 6:33 a.m.

The tweets continued, with Trump citing the midterm elections as crucial for his party’s success. – READ MORE

resident Trump has reportedly canceled his weekend trip and fundraiser at Mar-a-Lago to meet with Senate Minority Leader Chuck Schumer (D-NY) to avoid a government shutdown.

But he told reporters yesterday that he knows why Democrats would want to shut the government down.

Trump told reporters that Democrats want to “blunt” the good news about the economy by changing the subject:

“You see what happened yesterday, Apple and now it was just announced that they’re giving each employee a lot of money … I’m sure the Democrats would like to blunt that by shutting down government.”READ MORE

The U.S. stock market has added nearly $6.9 trillion in market cap since President Donald Trump was elected, already close to half of what was added in all eight years of President Barack Obama‘s tenure.

The market cap, based on the Russell 3000, surpassed $30 trillion for the first time last week and was at $30.6 trillion Thursday, according to Bespoke.

“I think the performance in the first year has exceeded almost everybody’s expectations,” said Paul Hickey, co-founder of Bespoke. Hickey uses the Russell 3000 to measure overall market cap, since it represents about 98 percent of all U.S. stocks.

When Trump was elected, stocks rose out of the gate after an initial late-night collapse in futures prices. After that, the market rewarded stocks and sectors that would benefit from the “Trump trade” and Trump’s pro-growth policies.

The Trump trade occasionally stalled out when it looked as though tax reform was unlikely, but since the legislation began seriously moving forward and finally became law at the end of last year, the market has been on a tear. The S&P 500 has added 4.6 percent just since the start of this year, after last year’s near 20 percent move. – READ MORE

Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.

The Dow has surged more than 31 percent since Trump’s inauguration on Jan. 20, 2017. That marks the index’s best performance during a president’s first year since Roosevelt. The Dow skyrocketed 96.5 percent during Roosevelt’s first year in office.

“This is all about policy,” said Bruce Bittles, chief investment strategist at Baird. “You’ve got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders.”

Trump quickly moved to cut regulations enacted by previous administrations. He also successfully pushed to overhaul the U.S. tax code. That revamp included slashing the corporate tax rate to 21 percent from 35 percent.

The president made it to the White House saying he would “put America first.” Since taking office, Trump has pushed to have companies bring back jobs to the U.S. and has said repeatedly said his policies would help to accomplish this. – READ MORE

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