Monday, April 29, 2019

5 things to know about the US economy during Trump’s State of the Union

vox

During the State of the Union address on Tuesday, President Donald Trump tried to persuade Americans that the US economy is booming — and that it’s all thanks to him.
“In just over two years since the election, we have launched an unprecedented economic boom, a boom that has rarely been seen before. There has been nothing like it,” Trump said at the beginning of his speech. “An economic miracle is taking place in the United States.”
By the end of his speech, he’ll likely point to the low unemployment rate and robust job growth as evidence of his business skills. He’ll probably remind Americans that the US stock market had a great month in January — even though 2018 was the worst year for stocks in a decade. (He’ll also definitely leave out the fact that manufacturing jobs are far from “roaring back to life” as a result of his new trade deals.)
Here’s the truth: The US economy under Trump is doing just fine. The president has overseen a slow but steady economic expansion, albeit one that started under President Barack Obama.
There is one major problem, though — that growth has mostly benefited the wealthiest Americans, while average workers have barely seen their paychecks grow.
Taking that into account, it’s no surprise that many Americans are concerned. Nearly half —48 percent — of Americans say they believe economic conditions are worsening, up from 45 percent in December and 36 percent in November, according to a January poll by Gallup, a Washington, DC-based consulting firm.

6 comments :

  1. The President has energized the economy. That means more than these dry statistics.

    ReplyDelete
  2. Kalonymus AnonymusApril 30, 2019 at 1:47 AM

    Indeed - where is the recession , unemployment etc that the media could jump on ? Simple, there isn't any such ammunition they can use.

    ReplyDelete
  3. in other words trumps claims are more valid to you than dry boring objective facts not produced by trump's imagination

    ReplyDelete
  4. Or, better said perhaps, as valid as any government economic forecast. Unless someone can demonstrate to me that government economists can predict exactly how governmental interference with the economy, by a President or otherwise, impacts the economy.

    ReplyDelete
  5. IN OTHER WORDS YOU ONLY BELIEVE SOMETHING TRUMP HAS SAID

    ReplyDelete
  6. President Trump shapes reality. He speaks, and we march to his melody.

    It's a lot of fun, and some of us are having a great time.

    How to put It?

    Our goal is marginalize, exclude, tune-out, and suffocate any opposing views other than his.

    President Trump's role has always been to be a placeholder. To keep the Oval Office out of Democratic hands. The truth of his statements is utterly irrelevant. The only truth is that he is President. All the rest is commentary.

    ReplyDelete

ANONYMOUS COMMENTS WILL NOT BE POSTED!
please use either your real name or a pseudonym.