Hope and Change is Here

The mainstream media does not like him.

The political establishment does not like him.

The Washington bureaucracy does not like him.

Hollywood does not like him.

It seems that the only people that like Donald Trump are hard working people who pay taxes and make sure that the country works...and the people that provide the jobs and capital to help it grow.

We know it was those hard working people who provided the votes to elect Donald Trump President of the United States.

What about the jobs?

Small businesses are the source for 70% of job growth in the United States.

What do small business owners think about their prospects since Trump has been elected?

Take a look at this chart that graphs optimism by small businesses that is compiled monthly by the National Federation of Independent Business.

What looks like a rocket ship blasting off in the chart above began right after Trump's election. Small business optimism is at its highest reading in 13 years.

Business owners do not expand and add jobs unless they are optimistic about the future. Optimism portends increased hiring just as pessimism predicts job cutbacks.

Optimism is also reflected in stock prices. Capital is also necessary for job growth and expansion. Stock values and business results do not always match up in the short term. However, there is no denying that it is a barometer of economic optimism by investors in the short term.

Here is a chart of the Dow Jones Industrial Average over the last 6 months. The spike up in early November was the day after Trump was elected. The next significant move up began in late January right after Trump was inaugurated. Coincidence?

Dow Jones Industrial Average
Credit: Google Finance

You see a similar pattern with the S&P 500 Index.

S&P 500
Credit: Google Finance

Barack Obama campaigned on a slogan of "Hope and Change".

Everyone fell in love with the message, most particularly the media.

The irony is that Trump is actually delivering on providing real hope and change and the media wants us to believe that the country is falling apart.

Hope and change is here. When is the media going to start reporting on it?