During the tumultuous first year of the Trump Administration, the untold story has been the significant efforts to mitigate the numerous regulatory overreaches by the Obama Administration. By some estimates, the overall regulatory overreach of the Obama Administration has been conservatively scored in excess of $1.7 trillion in lost economic opportunity. In simpler terms, that was $1.7 trillion in lost jobs, wages, business investment and innovation.
A year after the introduction of the new administration, and with a major tax bill to boot, the economy has been relieved of much of the Obama Administration overreach and is now ironically starting to raise concerns about too much economic growth. The recent volatility in the stock market is just an indicator of how even the most-optimistic analysts might have underestimated the growth potential. Time will tell.