The Patriot Post® · Trump Economic Policies Lift All Boats
The numbers prove it: President Donald Trump’s economic policies have benefited all Americans by lowering unemployment, especially among minorities, and increasing wages. These two things combined have created what Barack Obama’s regulatory state never could — greater economic opportunity that has yielded increased equity.
The Wall Street Journal reports, “Democrats also keep saying the middle class is shrinking, but income gains are being distributed more evenly. The share of households making less than $35,000 in inflation-adjusted dollars has fallen 1.2 percentage points since 2016 while those earning between $50,000 and $150,000 and more than $200,000 have both increased by 0.8 percentage points.”
In fact, an increasing number of seniors retiring would normally result in income decreases, but the opposite has occurred. The Journal notes that “real median incomes increased in households between the ages of 15 to 24 and 25 to 34 by 9.1% and 5%, respectively.” That’s yet another positive indicator of just how strong Trump’s pro-growth economy is.
Democrat presidential candidates are countering Trump’s economic boom by offering a return to the Obama years of what the Journal sums up as “higher taxes, hyper-regulation and income redistribution.” That will inevitably result in an economic slowdown and wage stagnation. But that’s what Democrats want, because it increases the number of Americans who depend on them for government handouts.