A New Track of Leadership and Functioning Government
By Dan Celia
As I have said many times before, and particularly over the past four weeks, we can’t allow the markets to be our barometer of the success of this president or the growing success of the U.S. economy. Certainly, we will likely look at the markets to give us a sense of how we might perceive the direction of the economy. But we are seeing a very opposite effect in the past 12 months than we saw during the previous administration.
For eight years, I told people not to get excited over a strong market, but instead to keep their focus on the underlying fundamentals of the economy. A strong market with eight years of 2% GDP growth does nothing to help the average American. It is only a strong economy that will continue to impact America in a positive way. If we have that, the markets will take care of themselves.
(This post originally appeared on townhall.com | Image from townhall.com)