Donald Trump achievements: Economic policy and labor

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Main article: Donald Trump achievements

This article is a non-exhaustive list of achievements by U.S. President Donald Trump, his administration, and Congress related to economic and labor policy.

Executive actions

  • February 3, 2017—President Trump signed an order directing Treasury Secretary Steven Mnuchin, upon his confirmation, to plan changes to the Dodd-Frank bank regulatory law in order to cut much of it.[1][2]
  • April 21, 2017—President Trump signed one executive order and two memorandums. The order directed the Treasury Secretary Mnuchin to look at the U.S. tax code and recommend the removal of unnecessary regulations and the two memorandums directing the Treasury Secretary to conduct a review of portions of the Dodd-Frank law.[3]
  • June 15, 2017—President Trump signed executive orders to loosen federal regulations on job-training programs and to encourage apprenticeships and vocational learning.[4]
  • June 16, 2017—The Justice Department under Jeff Sessions officially changed its position on the Supreme Court case NLRB v. Murphy Oil – it is not common for the Justice Department to change its position in court cases.[5]
  • July 28, 2017—The Treasury Department announced it would end an Obama Administration program started in 2015, which was intended to help Americans without 401k plans save for retirement, because it was not cost-effective.[6]

Other achievements

  • The national debt decreased after President Trump assumed office, unlike Obama.[7] In Trump's first 100 days in office, the U.S. national debt decreased by $100 billion, as opposed to Obama, where the debt grew by $560 billion by the same point in his presidency.[8]
  • By the summer of 2017, the economy was clearly improving and growing.[9] The economy rose faster than expected in June 2017, with 222,000 jobs being added,[10] and jobless claims applications and benefits fell.[11] The economy grew faster than expected in July 2017,[12] and it was reported that month that economic growth had increased to 2.6%.[13] The number of job openings greatly increased.[14]
  • The average credit scores of Americans reached an all-time high by July 2017.[15] By August 2017, the number of people on food stamps had fallen by 1.1 million people since the beginning of Trump's presidency.[16]
  • It was reported in early July that U.S. factory activity rose to its highest level since August 2014.[17] One million new jobs were created in President Trump's first six months in office.[18]
  • In addition to the improving economy, American's confidence and optimism increased. By June 2017, Americans' confidence in the economy had risen,[19] and by August it had reached a 16-year high.[20] It was reported in August 2017 that the optimism of small business owners was at a ten-year high.[21]
  • It was reported in August 2017 that because of the weakening dollar, corporations in the S&P 500 saw their best earnings in 13 years.[22]

References

  1. ↑ Trump begins rollback of Dodd-Frank financial regulations. Fox News. February 3, 2017. Retrieved February 3, 2017.
  2. ↑ Executive Order 13772 of February 3, 2017 -- Core Principles for Regulating the United States Financial System. Federal Register. February 8, 2017. Retrieved May 7, 2017.
  3. ↑ Multiple references:
  4. ↑ Multiple references:
  5. ↑ Manchester, Julia (June 17, 2017). Justice Dept. flips position in Supreme Court case. The Hill. Retrieved June 18, 2017.
  6. ↑ Multiple references:
  7. ↑ Moran, Sean (February 27, 2017). PolitiFact: Trump Debt Claim ‘Mostly False’ — Even Though His Numbers Are Factual. Breitbart News. Retrieved May 20, 2017.
  8. ↑ Hoft, Jim (April 24, 2017). After First Hundred Days Media Ignores Trump Decreased US Debt by $100B Since Inauguration. The Gateway Pundit. Retrieved May 20, 2017.
  9. ↑ Multiple references:
  10. ↑ Multiple references:
  11. ↑ Multiple references:
  12. ↑ Multiple references:
  13. ↑ Needham, Vicki (July 28, 2017). Economy expands at faster 2.6 percent pace. The Hill. Retrieved July 28, 2017.
  14. ↑ Rodriguez, Katherine (August 8, 2017). U.S. Job Openings Soar to Record Highs as Demand for Labor Increases. Breitbart News. Retrieved August 8, 2017.
  15. ↑ Rodriguez, Katherine (July 10, 2017). Americans’ Average Credit Scores Reach All-Time High. Breitbart News. Retrieved July 11, 2017.
  16. ↑ Rodriguez, Katherine (August 7, 2017). More Than 1.1 Million Fewer Americans on Food Stamps Under Trump. Breitbart News. Retrieved August 7, 2017.
    Food stamp enrollment fell in 46 out of the 50 states:
  17. ↑ Survey: US factory activity rises to near a 3-year high. Breitbart News (from the Associated Press). July 3, 2017. Retrieved July 3, 2017.
  18. ↑ Multiple references:
  19. ↑ Multiple references:
  20. ↑ Rodriguez, Katherine (August 10, 2017). Report: American Confidence in the Economy Reaches 16-Year High. Breitbart News. Retrieved August 11, 2017.
  21. ↑ Meyer, Ali (August 6, 2017). Optimism of Small-Business Owners at Highest Level Seen in Decade. The Washington Free Beacon. Retrieved August 6, 2017.
    See also:
  22. ↑ Multiple references:
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