Trump Scores Major Victory with SOTU Speech; The Free Market Crushes Socialism

Trump Scores Major Victory with SOTU Speech; The Free Market Crushes Socialism by Nathan McDonald for Sprott Money

There is no way around it: President Trump’s State of the Union address, held February 5 th, was a massive success for both him and the Republican party.

This was obvious within minutes of the speech ending, as the polling numbers flooded in with news that it was incredibly well received by the vast majority of viewers.

Entering into yet another act of his Presidency, he once again changed gears and came across as a President who was not trying to divide and conquer, but one who sought to bring the country together.

For any rational person—who finds themselves in the increasingly-shrinking political “center”, un-radicalized by the far left or far right—this should come as good news.

A message of unity is what is needed now. It could potentially avert one of the greatest political and economic risks that the world currently faces and shatter the echo chambers many have found themselves in.

For this, he was well rewarded, receiving positive reception from even left-leaning polling outlets.

These numbers shocked many pundits across the board, as no one was expecting such results.

A staggering 97% of Republicans (many of which are “never-Trumpers”) and 82% of independents approved of what President Trump had to say.

This comes as a massive blow to the Democratic Party, which suffered bad optics during the speech. The 2020 campaign ads wrote themselves.

At one point, President Trump had large swathes of the Democratic Party on their feet cheering and chanting “USA, USA, USA” alongside the Republicans.

At this point, he knew he had them. “You weren’t supposed to do that,” he said, grinning smugly the entire time.

Not surprising, Trump’s approval rating jumped and now stands at 49%, a strong number. It is exactly the same as President Obama’s during the same day of his Presidency, and a number that has historically predicted re-election.

What was most well received by all voters was Trump’s attack on the “rise of socialism” within the United States, most notably within the Democratic Party, whose sharp left turn has startled even those within their own party who deem themselves “center left”.

This is good news, as it proves that those wishing to end free markets and capitalism are still within the minority.

Unfortunately for President Trump, however, he once again tied himself even more closely with the recent successes of the United States economy. This means that if there is a strong pull back, or renewal of the recession, he is going to suffer immensely.

He has tied himself so closely with the rising stock market and the general success of the economy as a whole that some prominent voices within the Democratic party are actively wishing for a recession to diminish his chances of re-election.

Unfortunately for the majority of the public, I believe these Democrats may get what they are hoping for, as the chances of a recession remain strong.

Geopolitical tensions are still boiling, and the U.S. government shutdown is likely to resume soon. The risks of collapse are startlingly high.

A prudent person would hope for the best and prepare for the worst, protecting themselves while they can by acquiring an insurance policy that has seen people through both the good times and the bad.

Only one has proven itself time and time again: the acquisition of gold and silver bullion.

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Sprott Money

Various authors presenting analysis and commentary on the precious metals, economy and precious metals mining markets.