The Trump Economy Is Working for Everyone, But Democrats Are in Denial
S E E D E D C O N T E N T
When Barack Obama speaks publicly, he often tries to take credit for the booming Trump economy . When any of the 2020 Democrats speak about the economy, you would think we were living in the Great Depression. The Democrats running for president know that if Americans perceive the economy as doing well that makes it harder for them to make the case that we need a change of leadership. So, instead of trying to credit Obama for the economy, they’re disparaging the Trump economy in the hopes that voters will listen to them instead of noticing how much better things are.
Well, it’s not going to work. An editorial from the Wall Street Journal on Thursday destroys the Democrat talking points on the economy. One of the common myths about the Trump economy is that minorities are being left behind under Trump. Nothing could be further from the truth:
The press this week has noted that the economic expansion reached its 10th anniversary, the longest on record. But the accounts ignore that the last two years have been far different than the first eight in economic policies and results. We’re long enough into the Trump era to track the differences.
Start with Mr. Booker’s claim that minorities are being left behind. Really? The jobless rate for blacks is 6.2%, which is only 2.9 percentage-points higher than for whites versus a 4.6 percentage-point difference before the start of the 2008 recession. Unemployment has fallen twice as much among blacks as whites since December 2016.
Nearly one million more blacks and two million more Hispanics are employed than when Barack Obama left office, and minorities account for more than half of all new jobs created during the Trump Presidency. Unemployment among black women has hovered near 5% for the last six months, the lowest since 1972, and a mere 3.5% of high school graduates are unemployed.
Of course the other myths 2020 Democrats are pushing is that the economy is only working for the rich, and that people are barely scraping by with multiple jobs. The facts prove that wrong as well.
But what about Senator Harris’s assertion that folks are stringing together jobs to make ends meet? About 5% of Americans hold more than one job, and this rate has held relatively constant since 2010. Yet there are now 1.3 million fewer Americans working part-time for economic reasons than at the end of the Obama Presidency.
A tighter job market is also pushing up wages for the average Cory or Kamala. Average hourly earnings for production-level manufacturing workers have grown at an annual rate of 2.8% during the Trump Presidency compared to 1.9% during Barack Obama’s second term. Production-level manufacturing wages have accelerated even faster in Pennsylvania, Michigan and Indiana.
The Wall Street Journal also noted that deregulation has benefited the mining and manufacturing industries, and per capita incomes “have grown at significantly faster rates under President Trump than they did under Barack Obama in Pennsylvania, Ohio, Nevada, Wisconsin and even Iowa despite retaliatory tariffs on American exports.” Then there’s inconvenient truth that the Obama economy was far better for the wealthy than it was for average Americans—something 2020 Democrats are trying to suggest is a hallmark of the Trump economy. “The Federal Reserve’s bond purchases and near-zero interest rates for eight years [under Obama] drove up asset values and let corporations borrow cheaply while the Administration’s punishing regulations bred business uncertainty that depressed investment in human and physical capital. Those with financial assets prospered more than middle-class wage earners. The Obama Democrats talked constantly about inequality rather than growth, and the result was less growth and more inequality.”
In other words, there was more income inequality under Obama than there is under Trump. If Trump has accomplished something that Democrats and their policies have failed to do there’s really no argument to justify voting for them.
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He’s exactly right
The Trump economy is hurting most Americans. Statistics won't fool ...
That's going to be a tough sell, Luther. Is that really the way democrats are going to campaign against the President?
Yup, that's for sure!
Your wife's family business.
Well Vic, other than berating the many foibles of Mr. Trump that we do not need to rehash and actually not being Mr. Trump they have to go somewhere.
In truth, though while working for some to many, there are still many being left in the dust for many reasons. Some their own failings and others due to systematic failure over the years.
Our solutions are somewhere between the right and left, where common sense once resided.
You mean the perceived foibles of Mr. Trump won't be rehashed any more?
Nope, I just checked the liberal media as well as other seeds here and it seems the rehashing continues! It was a nice thought.
Foibles? His flaws are legion.
The democrats will have a tough time running against the economy.
“Then there’s inconvenient truth that the Obama economy was far better for the wealthy than it was for average Americans—something 2020 Democrats are trying to suggest is a hallmark of the Trump economy. “The Federal Reserve’s bond purchases and near-zero interest rates for eight years [under Obama] drove up asset values and let corporations borrow cheaply while the Administration’s punishing regulations bred business uncertainty that depressed investment in human and physical capital. Those with financial assets prospered more than middle-class wage earners. The Obama Democrats talked constantly about inequality rather than growth, and the result was less growth and more inequality.”
In other words, there was more income inequality under Obama than there is under Trump.”
The only way Democrats CAN run on the economy is to tell much of their base that So-and-So has more than they do, and that it isn't fair.
They can't run on the truth about the economy, that's for damn sure.
Wont be that tough.
Just roll out the basic facts contrasting Obama's economic stewardship with Trump's FUBAR.
Of course, the TDS crowed, ( T rump D **k S uckers), might not admit the truth but the majority of America will know.
Obama inherited a shitburger economy heading toward our Countries worst downturn since the Great Depression and, after 8 years, handed off an economy that just reached the milestone of, "This is now the longest US economic expansion in history" , this month.
Of course our current incompetent buffoon of a President and his woefully under-preforming administration took the gift Obama left them and are currently doing every thing in their power to FRACK things up.
Trump Is Falling Almost 1 Million Jobs Short Vs. Obama
Forbes July 5, 2019
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GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows
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Will Trump administration tax cuts, spending hikes blow up deficit and doom economy?
As Mussolini once said about managing Italy: It isn't tough, it's impossible!"
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And flaws isn't even the right word. Total scumbag.
You point the above out to our progressive friends here on a regular basis and they never get it. Trump is doing an awesome 👏 job as our President. 🇺🇸
The most recent Trump job approval from Gallup , which does it every week, is 41 percent. Trump's job approval according the Gallup poll hasn't varied much from 40 percent for the entire length of his presidency.
The "good" economy has not moved the needle for Donald Trump, and that should scare the crap out of him and his advisers. He doesn't have much else to campaign on.
Trump already won one election many said he didn't have a chance of winning.
All the other polls have shown a recent up trend in Trumps approval ratings.
I hope the dems win Californication by 5 million votes in 2020 and still lose the general election and the electoral college. California would deserve that outcome, as does America.
You are still part of CA, so I guess you would deserve it too.
I’m that for now until we win statehood for Jefferson. I’d welcome that outcome. We do enjoy being a big red portion of a blue state while we are a part of it. This part of California really is proud to be MAGA country! Trump 2020!
The left is forgetting that people can hate Trump and still vote for him.
Until the Dem's exploding clown car of candidates running ever further to the left gets whittled down; no one can even hope to know how the general election will pan out. The candidate that is let standing might be so far out in left field they might lose sight of the center completely.
He doesn't have to.
The inconvenient fact for Democrats is the economy is rolling. The other inconvenient fact is...."it's the economy, stupid".
The inconvenient fact for Republicans is that Trump is a complete asshole who very well may manage to screw up even this rampaging economy.
Not to mention - the Republican Clown Car certainly didn't result in the best GOP candidate. There's a good chance the Democrat Clown Car won't result in the best Dem candidate. When people are voting for what they consider to be the lesser of two evils, anything can happen.
Seems to be that way of late, which snake oil salesman's elixir is the most palatable.
Hillary Clinton was definitely the greater evil by far in 2016.
I think tens of millions of people agreed with that, which is why the phrase "President Trump" was introduced to the American vernacular.
He's still an asshole, and he'd be walking to a Reagan-esque landslide if he could behave properly.
How so when Hillary won the popular vote by almost three million?
Your math is seriously flawed.
I'm careful about my math.
Nearly 63,000,000 people voted for Donald Trump for president. That certainly qualifies as "tens of millions". 6.295 "tens of millions", to be a bit more precise.
It's fair to say that large numbers of those people voted against Hillary more than they voted for Trump...therefore "tens of millions of people thought Hillary was the greater evil".
His behavior on his recent trip abroad and the 4th of July seem to reflect the behavior and landslide you mentioned.
Seven million of Trumps voters voted for Obama 2x in the prior two elections. They truly elected Trump as a good number of those were in Pennsylvania, Michigan, Wisconsin, Florida, Ohio.
Your math is correct. In states that Trump won in 2016 he will likely win by a bigger margin in 2020 and in many of the states he lost in 16 particularly along the northeast and Pacific and South lake Michigan coasts will likely lose by a bigger margin than 16 in 20. But he will be re elected. Minnesota is one state that could flip red this time.