Irshad Salim — At a White House event for 100 small business owners Tuesday as part of administration’s “American Dream Week”, President Donald Trump said the United States is in a “golden age” for small business and praised his administration’s effort to loosen regulations.
“We’re ending job-killing legislation,” Trump said. “We’re eliminating the massive restrictions on American energy.”
The president also said unemployment is at a 16-year low.
“The jobs are coming pouring back, factories are coming pouring back into our country,” Trump said. “We’re unleashing a new era of American prosperity perhaps like we have never seen it before.”
“You are the dreamers and innovators who are powering us into the future — that’s exactly what you are — and my administration will be there with you every single step of the way,” he said.
According to the Bureau of Labor Statistics, the unemployment rate for June was 4.4 percent, one of the lowest rates of the past 10 years. The unemployment rate has been a steady decline since 2011, when the rate hovered around 9 percent for nearly the entire year.
Trump also tweeted, “Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!”, adding that “”Corporations have NEVER made as much money as they are making now.”
22,000 is a milestone the blue chip index has never crossed in its lifetime.
PolitiFact, the independent fact-checking website, found four polls that showed that economic confidence or expectations are currently high but not the highest ever.
Trump ended his remarks by praising the small business owners attending the event.
The event featured the Small Business Administration’s (SBA) actions as an example of the government’s commitment to America’s business owners and entrepreneurs.
Along with the president, the roundtable was hosted by his senior adviser and daughter Ivanka Trump and the head of the Small Business Administration Linda McMahon. Business owners from multiple industries, who have been helped by the SBA’s policies, were present at the event, according to the White House.