Millions Drop Off Food Stamps Under Trump, Small Business Optimism Soars to All-Time High

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Posted: Aug 07, 2018 1:15 PM
Millions Drop Off Food Stamps Under Trump, Small Business Optimism Soars to All-Time High

Since President Trump took office in January 2017, the U.S. economy has made a much needed turn around.

According to new numbers recently released by the U.S. Department of Agriculture, millions of Americans have left welfare checks behind after the program ballooned to record recipients under President Obama. 

Further, a new Gallup poll shows small business optimism just hit an all time high. Here's why: 

U.S. small-business owners are more optimistic now than at any point in the 15-year history of the Wells Fargo/Gallup Small Business Index. In the latest quarterly survey, which measures small-business owners' attitudes about a wide variety of factors affecting their businesses, the overall index score is +118.

The biggest improvements compared with the second quarter of 2018 were found on the following items, most of which are now at high points in their trends:

-Current financial situation -- 78% of small-business owners rate it as very or somewhat good, compared with 73% in the second quarter of 2018.
-Cash flow in the past 12 months -- 69% rate it as very or somewhat good, versus 63% in the second quarter.
-Cash flow expectations in the next 12 months -- 77% very or somewhat good, compared with 72% last quarter.
-Credit availability in the next 12 months -- 49% say it will be very or somewhat easy to get credit, versus 44% in the second quarter.

All good news, which President Trump has been touting on the campaign trail.