RUSH: I talked about it on Friday: Walmart is roaring back. Their second quarter earnings blew the doors off expectations. Their e-commerce sales rose a stunning 40%. Every aspect of their operation grew – food, apparel, seasonal merchandise – everywhere across the country. It’s Walmart’s best showing in 10 years.
Now, the turnaround is partly due to a new online strategy, to compete with Amazon. But the biggest factor is consumer strength — and that’s because of the Trump tax cuts. Shoppers have more money in their pockets, and there are more consumers with more money because more people are getting paychecks.
Americans are earning again, and they’re spending.
During the second quarter, the whole economy grew at a rate of 4.1%. Many companies, like the Home Depot, are growing again.
Do you remember when Barack Hussein O mocked Donald Trump’s promise to grow our economy? Obama asked what kind of “magic wand” Trump had. He called Trump’s pledge to roll back regulations “crazy.”
Well, none of this is magic, or crazy. It’s what always happens when the government’s boot is taken off the economy’s neck.
Democrats do understand it. They want the government getting credit for prosperity, but the government can’t make that happen. It never has, never will. Not for everybody.
See you next time.