This was certainly welcome with the increasingly fractured and divided American political landscape. But it's important to focus beyond the political theater and take a hard look at where the US economy really is and where it is heading. Unfortunately, the political rhetoric doesn't always line up with economic reality.

As Peter Schiff has said on numerous occasions, President Trump has taken full ownership of the current bubble economy. In doing so, he's setting himself up as the fall-guy when things turn sour. Peter put it in pretty stark terms during an interview with Stock Pulse at the Vancouver Resouce Investment Conference.

He is so caught up in this bubble now in the stock market. He's branded it … The stock market has a big 'T' on it for Trump, like one of his buildings."

So, how exactly does the political rhetoric coming out of the Oval Office stack up against the current economic realities?

Dan Kurz at DK Analytics provided a pretty good breakdown of some key issues where the positive talk doesn't line up with what's actually going on.