President Donald Trump, whose time in the Oval Office has been marked by huge gains in the stock and job markets, heralded Wednesday's economic headlines.
The president recognized Apple, Inc., who announced that they will be launching new investments in the U.S. (to the tune of $350 billion), creating 20,000 new jobs, and giving $2,500 in unrestricted stock bonuses to employees. He wrote:
President Trump recognized the correlation between Apple, Inc.'s announcements and the recently-passed GOP tax reform legislation, which he signed just prior to Christmas.
Liberals stated that the law would balloon the deficits and give the middle class the shaft, but in practice, it is accelerating economic growth and paying dividends to workers. Major companies, including AT&T and Fifth Street Bancorp, announced large bonuses and wage increases, and others, including Boeing and Wells Fargo, announced new investment packages.
The president also stated that he is very proud of Fiat Chrysler, who announced that they will be moving production of the Ram from Mexico to Michigan. He wrote:
Lastly, the president acknowledged the strong volume of retail sales during the holiday season, which beat expectations.
Compared to last year, sales were up 5.5%, a major lift for brick-and-mortar retailers who have been struggling in the age of Amazon. President Trump wrote:
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| President Trump |
The president recognized Apple, Inc., who announced that they will be launching new investments in the U.S. (to the tune of $350 billion), creating 20,000 new jobs, and giving $2,500 in unrestricted stock bonuses to employees. He wrote:
I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS. Huge win for American workers and the USA! https://t.co/OwXVUyLOb1— Donald J. Trump (@realDonaldTrump) January 17, 2018
President Trump recognized the correlation between Apple, Inc.'s announcements and the recently-passed GOP tax reform legislation, which he signed just prior to Christmas.
Liberals stated that the law would balloon the deficits and give the middle class the shaft, but in practice, it is accelerating economic growth and paying dividends to workers. Major companies, including AT&T and Fifth Street Bancorp, announced large bonuses and wage increases, and others, including Boeing and Wells Fargo, announced new investment packages.
The president also stated that he is very proud of Fiat Chrysler, who announced that they will be moving production of the Ram from Mexico to Michigan. He wrote:
During the campaign, I promised to MAKE AMERICA GREAT AGAIN by bringing businesses and jobs back to our country. I am very proud to see companies like Chrysler moving operations from Mexico to Michigan where there are so many great American workers! https://t.co/hz2q9UTfnF— Donald J. Trump (@realDonaldTrump) January 17, 2018
Lastly, the president acknowledged the strong volume of retail sales during the holiday season, which beat expectations.
Compared to last year, sales were up 5.5%, a major lift for brick-and-mortar retailers who have been struggling in the age of Amazon. President Trump wrote:
Main Street is BACK! Strongest Holiday Sales bump since the Great Recession -- beating forecasts by BILLIONS OF DOLLARS. https://t.co/kDcGbMieSt— Donald J. Trump (@realDonaldTrump) January 17, 2018
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