In just over a month since the election, many are marveling at the progress Donald Trump has already made into his presidency. And along with that come the naysayers who claim everything Trump is starting with economically is thanks to Barack Obama.
Financial expert and nationally syndicated radio and television host Dan Celia recently wrote a column for lifezette.com, where he says that musing that Trump is “inheriting” a strong economy from Obama is an attempt to set up Trump’s future successes as something that will be “owed” to the current administration.
“The mainstream media is touting what has happened in the last 30 days as evidence of the accomplishment of Barack Obama’s policies, adding, ironically, that Donald Trump is ‘inheriting’ a strong economy from Barack Obama,” Celia wrote. “Nothing could be further from the truth! If those involved in our failed 2009 economic stimulus and the markets were still in place, meaning an incoming Clinton administration, there would be the same pent-up frustration. Such dissatisfaction would stem from things like concerns about regulatory burdens and the inability to work within a tax structure that penalizes companies that grow and make profits. Not to mention the demonizing of Wall Street, ‘fat cat’ bankers, and business growth and mergers.”
Celia, who also leads Financial Issues Stewardship Ministries (FISM), went on to say during his daily, syndicated program “Financial Issues” that the economic momentum currently driving equities is likely to stick around because much of it is behavioral. This momentum, he said, is logical, rather than irrational, erratic or sporadic—what Celia calls a “Donald Trump Factor.”
“This ‘Donald Trump Factor’ continues to get stronger every time he makes an appointment to his Cabinet,” Celia said. “The presence of three generals in his administration, with the potential of more, is sending politicians into a tirade of fear. But to investors and everyday Americans who are spending their hard-earned money and working to strengthen the economy, these picks and what President-elect Trump has been able to do in just one month instills confidence and drives that momentum.”
Celia added that the claim that Trump is “inheriting” anything positive from Obama is comical, especially when the “full employment” rates many are touting are comparable to 1978 numbers. One of the biggest problems with the economy, he said, is that this current administration and Congress has ignored labor participation and considered it a non-event. True leadership will come when doors are opened to opportunity, not the status quo of nearly 40 years ago.
“Making America great again will not be a result of some incredible, innovative leadership style from Donald Trump,” Celia said. “That’s not the reason the economy and America will be great again. What it will take is a leader who understands that Americans must live in a nation where we can leave prosperity and the opportunity for prosperity to future generations, where we can make America the nation that welcomes with open arms legal immigrants who want to come to this country for that same opportunity. That isn’t an innovative leadership style from the future; that goes back to great leadership from the past.”
View Celia’s recent videos from “Financial Issues” on these topics here:
- Making America Great Again Is Not a New Idea
- Momentum in the Market Is a Donald Trump Factor
- Headline: The Same Full Employment We Had in 1978
“Financial Issues” recently began streaming on its own YouTube Channel, Financial Issues with Dan Celia. The ministry also recently introduced the new Financial Issues app; learn more here. Besides more than 600 radio stations, “Financial Issues” is seen on the National Religious Broadcasters (NRB) television network, reaching 45 million households, BizTV, which reaches millions more in major markets, and Dove-TV in the Pacific Northwest.
Daily, Celia addresses important financial headlines, takes calls from around the country, and focuses on current economic trends and critical mass in corporate America. He accurately predicts rises and falls in the U.S. and global economies. He also hones in on godly financial stewardship when talking to thousands who want to honor God with their finances.
A financial expert and author backed by decades of financial experience, Celia is personally in touch with thousands of people each week from across the country. He has worked for 35 years as an entrepreneur and businessman, and has developed a biblically responsible system of financial management with great success. Celia started his radio program in 1997 and has interviewed newsmakers, experts, lawmakers and presidential candidates. He speaks at conferences, town hall meetings and investment conferences around the country, is the author of six books and publishes a weekly newsletter.
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