Trump spurs sharp jump in optimism of top U.S. CEOs


Funny how that happens when you put a businessman in the White House instead of a community organizer.

From Seattle Times: The nation’s top chief executives like what they’re seeing and hearing from President Donald Trump and his fellow Republicans, according to survey results released Tuesday by the Business Roundtable.

The economic expectations of the heads of the nation’s largest companies jumped in the first quarter by the most in more than seven years amid optimism about corporate tax cuts, reduced regulations and a boost in infrastructure spending promised by Trump and congressional leaders, the trade group found.

“As these results confirm, business confidence and optimism have increased dramatically,” said Jamie Dimon, chief executive of JPMorgan Chase & Co. and this year’s chairman of the Business Roundtable.

The group, composed of the heads of the largest U.S. companies, said its quarterly CEO Economic Outlook Index shot up to 93.3 from 74.2 in the fourth quarter. It was the biggest increase since the third quarter of 2009 and the highest level in nearly three years.

The index is based on projections for sales, capital spending and hiring over the next six months, and ranges from -50 to 150, with a reading above 50 indicating the economy is expanding.

Since the survey began in 2002, the average has been 79.8. The first quarter was the first time the index has been above its historical average in nearly two years.

The increased optimism from major corporate chieftains echoed recent surveys showing small-business owners and consumers also are feeling much better about the economy since Trump’s election.

“Clearly CEOs are very positive about prospects for hiring, sales and investment,” said Joshua Bolten, president of the Business Roundtable.  “Their view of the overall economy has also brightened slightly.”

The 141 CEOs surveyed between Feb. 8 and March 1 projected that the U.S. economy would expand 2.2 percent this year. That was up from a 2 percent prediction in December but still well below the 3 to 4 percent annual growth Trump said he could produce. (Well, give him some time…he’s only been in office two months!)

The optimism might also have something to do with this:

From Gateway Pundit: “On January 20th, the day of President Trump’s Inauguration, the US Debt stood at $19,947 billion. As of March 16th, the most recent date for US debt reporting, the US Debt stands at $19,846 billion. President Trump has cut the US Debt burden by over $100 billion and 0.5% in the first two months since his inauguration!


6 responses to “Trump spurs sharp jump in optimism of top U.S. CEOs

  1. Since inauguration, # of jobs and employed Americans has gone up; US national debt actually decreased, for the FIRST time in many years; most Americans agree with the border wall and temporary visa ban.

    And yet, the latest Gallup poll says Trump has only a 37% approval rating.
    Are most Americans that ignorant and brainwashed by fake news MSM?

    Liked by 1 person

  2. It doesn’t take a genius to run a business or a country. Common sense and an ability to delegate authority to those best qualified for the job IS.
    Trump is “penny willing and pound wise”, meaning small investments well designated often yield positive results; i.e., buy low, sell high.
    He knows what needs to be done for the “dominoes” to fall properly; in favor of the American people.
    A short glance and a little faith in his business history should leave one to rest. Patience is a wonderful thing when the right person is in charge.

    Liked by 3 people

  3. These execs don’t get successful by being idiots. (MOST don’t anyway) They know that anytime someone freaks the Left out THIS much,they HAVE to be doing GOOD THINGS!!

    Liked by 2 people

  4. Pingback: Keep Up The Good Work! – On the Patio

  5. Wall!

    Liked by 1 person

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