During these first debates, I’ve heard many of these democrat presidential candidates make all kinds of wild claims about our economy.
“Many people are forced to work two and three jobs!”
“The middle-class is being left behind in this economy!”
“The only thing Trump ever points to about the economy is the stock market! What good does that do the millions of people who don’t own stocks?”
Then we have the candidates who claim President Trump is taking credit for an economy launched by Barack Obama!
So, what is the truth?
Well…, if these words are coming out of the mouths of democrat politicians, then “the truth” is really not an option!
But don’t take my word for it. Let’s look at the facts.
According to Suzanne O’Halloran, of FOX Business News, “Investors soaked up U.S. stocks during the month giving the Dow Jones Industrial Average its best June in 81 years while the S&P notched its best [month] in 64 years.”
Now it is true that many people don’t own stocks…, but many do too!
If you have a 401k, or you have a pension at work, you’re invested in the stock market.
And the markets are a fairly good indicator of how the economy is generally doing…, at least it has been in the past…, before these “fake newsers” have chosen to abandon the truth and promote their own liberal agenda.
“The last time the S&P 500 performed this well, Eisenhower was making the first presidential appearance to be seen on color television!”
Well that’s putting it in perspective!
Let’s take a look at the jobs picture now.
“According to the Labor Department, 5 million Americans work more than one job, a figure that hasn’t changed much in recent years and remains lower than it was during the 1990’s boom.”
Those 5 million people represent a lowly 2.2% of American workers…, hardly “many people,” as the democrats claim.
According to Heather Long of The Washington Post, “U.S. unemployment fell to 3.6 percent, the lowest [overall] since 1969.”
That’s the lowest in FIFTY years, in case you’re counting.
“The United States has more job openings than unemployed people, a situation some economists call “full employment.”
The unemployment rate for African Americans is at its lowest rate EVER!
The unemployment rate for Latino Americans is at its lowest rate EVER!
The unemployment rate for Asian Americans is at its lowest rate EVER!
Did I just say EVER? EVER is a long time.
How about women? How are they doing?
According to Elaine Parker, of RealClear Politics, “Women Are Winning in the Trump Economy!”
“By almost every economic measure, women are flourishing in today’s economy. Female unemployment is currently at a 50-year low of 3.9 percent, less than half the rate it was as recently as President Obama’s second term.”
“The number of women-owned businesses has [also] grown by 114%, and… there are an estimated 11.6 million women-owned businesses, about 40 % of the total businesses in the country.”
Heather Long adds, “Low unemployment is forcing employers to raise pay and become more aggressive about hiring and training workers. Average hourly earnings rose 3.2% in the past year, well above inflation, and lower wage workers enjoyed some of the largest gains as companies scrambled to fill jobs and many states have raised their minimum wage.”
Now that’s how you raise the minimum wage…, not by passing some law.
Interest rates are still relatively low, and they’re expected to stay there for a while.
The price of gas is low…, and according to Javier Blas of Microsoft News, “America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as ‘energy independence.’”
“The shale revolution has transformed oil wildcatters into billionaires and the U.S. into the world’s largest petroleum producer, surpassing Russia and Saudi Arabia. The power of OPEC has been diminished, undercutting one of the major geopolitical forces of the last half century.”
“Oil historians said the country has been a net oil importer since the mid-1940s, when Harry Truman was in the White House.”
That’s over 75 years, just in case your counting.
Along with jobs and wages, most Americans saw their taxes go down, thanks to The President’s tax cuts. The middle-class has definitely not been “left behind in this economy!”
And as far as Barack Obama being able to claim any credit for this economy…, I think I saw him wandering around, still searching for the “magic wand” that President Trump apparently found!
So, we can see that by any measure, that President Trump’s economy is not only good, but in most cases historically good…, all-time good…, and just a couple of years ago, unimaginably good.
So there you have it.
Who appears to be lying?
Me, or our collection of democrat candidates, along with the rest of the democrats and the “biased, liberal propaganda, fake news media.”
If I wasn’t able to convince you after all of this that the democrats have a problem with the truth…, then you might be a liberal…, and I have this bridge I’m selling if you’re interested.
WINNING!
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Mr. Erickson Rules! 