Before we take our questions, a word about President Trump. First, I know the rally's no coincidence. I've never seen a person more attuned to his ratings than Trump. I mentioned this last call. Whether be it the Apprentice where I was a judge for several seasons, or as President where instead of Nielsen's he's got the Dow Jones averages. These milestones we blow through can be in part contributed to his deregulation and anti tax efforts. In part because once growth gets going, it's a hard beast to stop. He's got it going.
Right now the democrats, who frankly haven't expressed much interest in the stock market since President Clinton, they've been shut out, and their use of labor versus capital minimized. Hence why the backdrop is so darn friendly and will only get friendlier as the tax code works it's way into the system with much more money for companies to spend to grow, to award employees, and to buyback stock and boost dividends.
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