The economy under President Trump has improved, I will give him that. Hopefully it continues. Only one year into his presidency it is hard to gauge what effect he has had and will have on the economy. So far a lot of the improvement we have seen has been out of speculation of the President's policies are for business. He clearly was going to deregulate a lot of things...some good and some bad. He was going to give a major tax break, especially to corporations and the wealthy. What this has done is build short-term/immediate confidence in the wealthy and large business owners that they are going to make more money which effects the market, at least temporarily. However, supply side economics and tax cuts (predominantly for the wealthy) have been tried before with little success. A year into a presidency is far to early to make a determination on how good or bad a President's policies are. The real proof of his success are years down the road. As of today we simply do not know what President Trump's impact will be.
On the other hand, nine years after President Obama was first elected we do have a pretty good idea about his effect on the economy. Some in this thread continue to say that President Obama did nothing or did a horrible job with the economy. The facts simply do that bare that out. Under President Obama the S&P 500 went up 166%, home prices increased by 20%, weekly earnings increased by 4.1%, unemployment is down 4.8%, corporate profits went up 57% and in the last year of his presidency the monthly job growth was higher than the monthly job growth so far under President Trump. In addition, green energy production is up a ton, carbon emissions is down, illegal immigration is down and far more people are insured.
Don't get me wrong, like every President before him President Obama made his fair share of mistakes. However, the economy is in far better shape after his presidency than before and there is history to show that he and his policies have had a hand in that. So far under President Trump we have seen an increase in confidence but we need to wait years before we can say with confidence what kind of effect he had. For the sake of the country I hope I am wrong on his longterm effect.