on the purchasing manager s index was pretty much flat when president trump took office. and the red line shows you what happened since, that there s a clear inflection right at the election. and a clear break in trend. let s turn to the next one piece. now, one of the things that i can remember at the american enterprise institute talking a lot about, before i came in here, was the fact that entrepreneurship in america was falling off. and one of the ways we can measure entrepreneurship is that if you start a new business, that you have to apply for an i.d. number, tax i.d. number, for your business. and so, in this chart, we ve plotted the ein applications for new businesses. and if you look at the blue line, they were heading up, because we were in a recovery, but there s clear upward trajectory way above the trend at the end. and you know, sarah, like john roberts, is a calculus geek.
president trump took office and at the red line shows you what happened since, that if there a clear inflection, and a clear breaking trend. let s turn to the next one. one of the things that i can remember at the american enterprise, was the fact that entrepreneurship in america was falling off. one of the ways we can measure entrepreneurship is, if you start a new business then you have to apply for an i.d. number, tax i.d. number for your business. in this chart we have plotted the ein applications for new businesses, and if you look at the blue line they were heading up because we were in a recovery, but there was a clear upward trajectory weight above the end. sarah, like john roberts said, is a calculus geek. she looked at that one and said