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## America’s Economic Engine Roars: A Deep Dive into the Trump Boom
Fresh off a impactful appearance at the World Economic Forum in Davos, President Trump returns to a nation basking in remarkable economic achievements and heightened global influence. Adding further weight to this narrative, brand-new figures are revealing an intensified surge in U.S. business investment, signaling robust health for the economy.
### The Unstoppable Ascent of Business Investment
The bedrock of sustained economic vitality lies in corporate spending, and the latest data offers compelling evidence of its acceleration. Specifically, the crucial metric of **non-defense capital goods shipments (excluding volatile aircraft)** – a true barometer of core business investment – has soared by an impressive 9.9% annually over the last three months. This growth rate is nearly double that observed over the past year. Similarly, **new orders** in this category have climbed 8.5% in the recent quarter, outpacing the 5.5% annual rate. These substantial investments span a wide array of sectors, from state-of-the-art machinery and equipment to advanced computers and electronics.
### Tax Policy: The Catalyst for Capital Expenditure
There’s a clear consensus that this substantial uptick in capital expenditure (capex) is directly linked to the administration’s signature legislative achievement: the comprehensive tax reform. Specifically, the provision allowing **100% immediate expensing of full costs**, which was retroactively applied to January 20 of the previous year, has acted as a powerful incentive. This strategic policy is a prime example of the President’s economic vision yielding tangible results, working in concert with a noticeable pick-up in industrial production across both consumer goods and business equipment.
### Igniting GDP Growth and Foundational Policies
The nation’s Gross Domestic Product (GDP) growth has been nothing short of explosive, with an annual rate of 3.8% in the second quarter, followed by a remarkable 4.4% in the third, and an anticipated 5% for the fourth quarter. This undeniable “Trump boom” is a direct consequence of a multi-pronged policy approach:
* **Significant tax reductions:** Stimulating investment and consumer spending.
* **Sweeping deregulation:** Reducing burdens on businesses and fostering innovation.
* **Pro-energy production initiatives:** Lowering costs and boosting domestic output.
* **Reciprocal and fair trade agreements:** Leveling the playing field for American businesses.
While the common refrain often points to consumer spending as 70% of the economy, this perspective often overlooks a critical underlying truth: it is **business-to-business spending** that fundamentally drives the lion’s share of economic growth. Businesses are the primary employers and wage payers, making a thriving corporate sector absolutely essential for a strong consumer economy. This understanding forms the very foundation of the Trump administration’s economic blueprint.
### The Virtuous Cycle: Productivity, Profits, and Paychecks
This surge in business investment is also fueling a significant **productivity boom**. As noted by astute economists like Ed Yardeni, this substantial capital outlay is demonstrably enhancing productivity and bolstering profit margins. Indeed, corporate profits and margins are currently at record highs, providing businesses with the necessary capital to expand their workforce and offer higher wages. This dynamic sequence – tax incentives leading to business investment, driving productivity, generating higher profits, and ultimately increasing wages – is effectively dismantling the so-called “affordability problem” and simply represents robust, sustainable economic expansion.
Moreover, **take-home pay is rising at approximately 4%**, significantly outpacing recent inflation figures, such as the 1.6% core Consumer Price Index (CPI) or the 2.3% core Personal Consumption Expenditures (PCE) deflator. This translates to an estimated $2,000 in additional purchasing power for the average American family.
### Safeguarding the Boom: A Call for Astute Monetary Policy
It is imperative that nothing, especially a government shutdown, jeopardizes this globally envied economic boom. Crucially, the nation needs a Federal Reserve chair who fully grasps President Trump’s assertion at Davos: that **robust economic growth does not inherently trigger inflation.**
Outdated Fed models that postulate economic growth must be capped at 2% – clinging to a discredited “Phillips curve” trade-off between growth and inflation – are simply incorrect and must be retired. We are now operating in a **new economic paradigm** characterized by lower taxes, deregulation, declining energy costs, and burgeoning productivity. This confluence of factors is spurring a boom that results in more factories and goods at *lower* prices, not higher.
The next Federal Reserve chair must embody this new “Trumpian economy.” Visionaries like Kevin Warsh and Kevin Hassett demonstrate a profound understanding of Trumponomics, capable of independent judgment while recognizing that a supply-side driven productivity surge is inherently non-inflationary.
However, questions emerge regarding other potential candidates, such as Wall Street veteran Rick Rieder. While fairness is paramount, public Federal Election Commission (FEC) records indicate donations to certain political campaigns and individuals associated with opposing ideologies, including “Act Blue” (linked to George Soros), ultra-left-wing Democrats like Sherrod Brown, Hakeem Jeffries, and Jon Tester, and even “never-Trumper” Nikki Haley. Such affiliations raise concerns about alignment with the core tenets of Trumponomics. Should this information prove inaccurate, a retraction would be issued gladly. For now, it seems prudent to opt for candidates whose economic philosophies are unequivocally in sync with the strategies that are demonstrably driving America’s unparalleled prosperity. Why settle for anything less than the best? One of the “two Kevins” would undoubtedly serve the nation well.