Opinion
By Steve Nicklas, 1-13-25
Since Donald Trump’s resounding presidential victory, everything is going right with the U.S. – and with the world. That is, going toward the conservative right, both politically and economically.
After recent elections, 91 percent of the 3,143 counties in the U.S. have moved to the right, according to Fox News. Similarly, in Europe, 27 of the main 32 countries have wised up and started drinking the conservative tea.
To our north, avowed socialist Justin Trudeau has been ousted as Canada’s prime minister. His outrageously progressive agenda is being rejected for a more common-sense approach.
As a painful reminder, the liberal rag “Rolling Stone” ran a cover story in 2017 with Trudeau’s picture and the headline, “Why Can’t He Be Our President?” We now know the answer.
On the world stage, hostages are being released, cease-fires negotiated, conflicts resolved, order restored. The world is a safer place when the U.S. is powerful.
The U.S. is clearly the shining beacon on the hill. Outside investments are pouring in here, incentivized by Trump’s fast-track approval process. As evidence, a billionaire developer from Dubai just pledged $20 billion to build data centers across the U.S. to support Artificial Intelligence activities.
It’s all for one reason. “It was amazing news when Trump was elected,” said Dubai’s Hussain Sajwani, while visiting Mar-a-Lago (White House South). “We’ve been waiting four years to increase our investment in the U.S. – to very large amounts of money.”
Just last month, tech/telecom giant Softbank pledged U.S. investments pushing $200 billion. This outlay will create 100,000 high-paying jobs, particularly in AI infrastructure.
Not like the fictitious (or government) jobs the Biden administration has been quoting over the last four years. Meanwhile, Wall Street is equally to blame, cheering on Biden’s misleading employment and economic reports.
In the latest round of insincerity, many Wall Street firms are doubting Trump’s initiatives. Even though he effectively used many of them in his last term.
When Trump was president before, inflation was below 2 percent and gas prices were less than $2 a gallon. He accomplished both of these inflation-busting feats by opening the oil spigots and making the U.S. the leading producer in the world.
He plans to do it again. Drill, baby drill is his mantra. In addition, many of the things he predicted last time came true. They proved to be right.
Trump is right. A lot.
Steve Nicklas is a veteran financial advisor and an award-winning columnist. He has written a book of his financial columns, “All About Money,” which is available on Amazon. He has also done financial reports for Jacksonville radio stations. He can be reached at 904-753-0236 or at [email protected].