Economy

Trump's Colorblind Economy

Trump's policies are proving to be a cure for victimitis. No wonder the Left is full-bore scared.

Business Review Board · Jul. 9, 2018

Our own Mark Alexander has written about how Liberty is colorblind. Unfortunately, leftist policies and constant demagoguery have resulted in too many American minorities succumbing to cultural degradation and falling short in economic progress. But things have changed under President Donald Trump. As described by Investor’s Business Daily (IBD), Trump is overseeing a “colorblind jobs boom.”

“Trump, it turns out, has been the most consequential president in history when it comes to minority employment,” IBD says. “In June, for instance, the unemployment rate for Hispanics and Latinos 16 years and older fell to 4.6%, its lowest level ever, from 4.9% in May. The previous all-time low was 4.8%. African-American unemployment bounced up from its all-time low of 5.9% in May to 6.5% in June. But that 6.5% still represents the second-lowest unemployment reading ever for Black Americans. As for Asian-Americans, unemployment similarly bounced off its all-time low of 2.1% in May, rising to 3.2%. And that’s still 0.6 percentage point lower than when Trump entered office.”

IBD observes that Trump “is winning over those who have benefited most from his policies: Minorities. On average, minority unemployment has dropped 18% since Trump entered office in January of 2017. More than 2 million people have dropped off food stamps and returned to work.” In other words, minorities are seeing firsthand the enormous progress that genuine conservative policies produce. That, in turn, is resulting in broader support for Trump among minorities. “Despite a relentless media barrage aimed at Trump and his immigration policies,” IBD reports, “a new Harvard/Harris Poll found a 10% rise in approval for Trump among Hispanics.”

Financial self-assurance is also heading up: “minority Americans’ confidence in their own finances has risen from 57.1 to 63.5 since Trump took office. That’s important, since people’s happiness with their own finances is a good indicator of future voting tendencies.” Suffice to say, these are troubling developments for Democrats. Victimitis works only so long as its target audience remains under the delusion that they are perpetual victims. But Trump’s colorblind policies are proving to be a welcome remedy. No wonder the Left — which only pretends that Liberty is colorblind — is full-bore scared.

Click here to show comments

Subscribe! It's Right. It's Free.