Anthony Puzder, the former chief executive of CKE Restaurants who was President Donald Trump’s first pick for U.S. labor secretary, said the new administration is having many positive effects on the economy.
The most important indicator is the rise in household income, which gained more in the first three months of the Trump presidency than during the entire seven and a half years of the Obama recovery. Median household income has surged $1,300 since the beginning of the year to $59,361, compared with a $1,000 gain during the Obama years.
“President Trump’s focus on reining in the administrative state has significantly reduced both the number of existing regulations and the output of new regulations, driving business optimism,” Puzder said in an opinion piece for The Hill. “Unlike policies that increase the oppressiveness of government, policies that incentivize business growth (like deregulation) produce jobs, opportunity and prosperity.”
Puzder in February withdrew