How about a quick compare and contrast exercise on a “Trump”ed-up Friday morning?
That sounds like fun, right?
Ok, so… compare and contrast…
When rhetoric meets soft data meets a President citing a source that he constantly maligns as “fake news”:
"The President Changed. So Has Small Businesses' Confidence"https://t.co/daTGjPmYeJ
— Donald J. Trump (@realDonaldTrump) March 17, 2017
When rhetoric meets hard data reality:
(BofAML, my additions)
Via BofAML
Despite the strong gain in confidence among small businesses (as suggested by the NFIB small business optimism survey), there has been a slowing in loans over the past several months (Chart 2). The story of post-election small business optimism leading to greater investment is not playing out in the data.
Or, visually:
This is a dangerous group (House,Senate,WH). The inmates are running the ASYLUM…. Remember a LIE is still a lie no matter how it is spun or WHOEVER spins it. Hint : 10 C_mm_nd_e_ts.