Opinion / Politics

Trump’s Roaring Economy – Helping Old and Young, Men and Women, Majority and Minority

TrumpOptimists look for the silver lining on a cloud; pessimists measure darkness around the sun. What do you do with a silver lining on a sun? That is what we have with Trump’s roaring economy.

Numbers just released make the past three years great, and next three rock solid – if Trump is re-elected.  Here is what they are telling us.

First, the stock market – keeper of pensions, 401(k) retirements, 529 education plans, and broader equity holdings – just set another record, 29,000.  Behind that jump is a mountain of good data.

Start with basics, employment across all demographics, including women.  If you have watched unemployment fall for three years, inflation level, opportunities, labor participation, productivity, wages and consumption accelerating, you know we are on a roll.

How about this:  Total non-farm jobs are proliferating, no sign of slowing.  Men and women are both gaining year over year, and “women outnumbered men in the workforce” in December “for first time since 2010,” says the Wall Street Journal. 

Peel back the data; you discover something else.  That analysis is incomplete.  Working women outnumbered men in 2010, but this was because more men lost construction and manufacturing jobs.  In 2020, it’s the reverse – healthy competition for new jobs, millions each year, across all sectors.

Expanding sectors include energy, healthcare, education, hospitality, transportation, financial services, and others. Last month, unemployment was again at “a 50-year low” of “3.5 percent.”

Liberal economists suggest minorities are not benefiting, gains miss “under-employment.”  Both assertions are patently false.  As the Wall Street Journal confirms, “employers are adding jobs, despite low unemployment, by pulling workers off the sidelines – including women, Hispanics, blacks and those with lower levels of education that have historically faced barriers to employment.”

On “under-employment” – the assertion that jobs are part-time – wrong again.  “An alternative measure, which captures underemployed and those marginally attached to the workforce … fell by 6.7 percent” in December, the “lowest on record back to 1994.”

As job growth expands, disposable income grows, leading to new consumer spending, business investment, employment and confidence.  Further education is encouraged by mobility, and wages rise as competition for workers widens.

In short, Trump has seeded a “virtuous cycle,” driven by reduced regulation, lower taxes, increased comparative advantages in international trade, fewer “transactions costs,” “rigidities,” and inefficiencies domestically – as well as a more secure border.

Without making too sharp a point, the President – by contrast to Democratic detractors – believes in average Americans.  He believes in their decision-making, on spending, investing, employment, education, savings and retirement.  He believes in capitalism, the freedom-centric “yin” to democracy’s freedom-centric “yang.”  He trusts individuals more than government.

What other good news?  A bunch.  Average hourly earnings – even following strong years – is above inflation.  Wages of rank-and-file workers grew faster than overall earnings.   And a bit growth predictor – housing starts – is at the highest level in 12.5 years.

This remarkable economic news is not lost on minorities.  The Washington Examiner recently reported that a Zogby Analytics survey found “African American support is at the ‘highest levels of the year,’ driven by a strong economy, historically low black unemployment, and Trump’s agenda to support minority small businesses, historically black colleges and universities, and passage of criminal justice reform.”  Zogby is not alone.

In other polls, Trump is scoring big.  Real Clear Politics notes, “The Hill published a poll in September showing [Trump’s] Hispanic approval at 37 percent,” while “a November Emerson poll found … 38 percent Latino approval.” And that Emerson poll “rocked the political world with a 34 percent approval rating for the president among black voters.”  Success is something, isn’t it?

Good news keeps rolling:  Under the “phase-one” trade deal with China, they will purchase $200 billion in US products, giving US farmers and manufacturers income security.   Bigger gains lie ahead.  New phases will pry open China’s markets, reduce tariffs, restore fairness to the World Trade Organization, tamp currency manipulation, reduce pilfering of US intellectual property, and codify gains.  In short, expect a second Trump administration to compound gains.

Perhaps biggest are gains for women.  Trump does not get enough credit here.  Obama’s unemployment rate for women was 7 percent in 2009 and hit 9 percent in 2010.  Trump’s unemployment rate for women was 4.9 percent in 2016 and hit 3.5 percent in 2019. Today, the unemployment rate for women is at a 60-year low.

Likewise, American women started 1,800 businesses per day last year, and 64 percent of women-owned businesses were “women of color.”  You will not read this elsewhere: Women-owned businesses registered a 3 percent profitability gain last year, household income hit a 20-year high, poverty an 18-year low.  These are big numbers.

More than a quarter of Trump’s cabinet is women, and one of his top advisers is his daughter – who has pushed childcare credits, education and women’s issues.  On the numbers, Trump is as pro-women as any president in modern history.  Do not expect the media to say so.

Net-net, economic gains across America – in every demographic – continue to break records, reset expectations, advance the lot of individuals, families and communities.  In an imperfect world, these gains should not be overlooked.  They are stunning liberal economists. The President’s approach is working.  He believes in individual liberty, and that belief is generating results.

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alphonse
8 months ago

what great points, you certainly won’t read that in the lame stream news. Pelosi gloats about the impeachment nothing burger while Trump gets an agreement with China ……….you tell me which one is bigger news.
TRUMP 2020

Patty L
8 months ago

I pray that our President Donald Trump is re-elected in November…. 🙏🏻

Melody
8 months ago

I pray for President Trump! He is just what America needs! He truly loves his country! Hope he is re-elected! The Democratic candidates scare me! They only want power not what is best for the people.

J. FARLEY
8 months ago

IF YOU LISTEN TO THE DIM-WIT DEMONRATS WE NEED TO BRING THIS GREAT ECONOMY TO AN END BY REMOVING PRESIDENT DONALD TRUMP FROM OFFICE BEFORE HE FULLY MAKES AMERICA GREAT AGAIN , PRESIDENT TRUMP IS A THREAT TO THE LEFTS TURNING AMERICA INTO A SOCIALIST STATE WHERE YOUR EVERY MOVE WILL BE UNDER THE WATCHFUL EYE OF BIG BROTHER , WHERE THEY CAN CONTROL FREE SPEECH, RELIGION, AND IS EVERY WAY LIMIT THE BILL OF RIGHTS, LOOK AT VIRGINIA AND THE UN-CONSTITUTIONAL DESTRUCTION ON THE SECOND AMENDMENT , YOUR RIGHT TO SELF DEFENSE IS A GOD GIVEN BASIC RIGHT. THE… Read more »

Phillip
8 months ago

If the President makes these economic victories part of his campaign speeches beginning with his State of the Union speech the Democrats will try but will fail to counter his claims for they have no economic plan to offer the nation except their desire to give the American people more unfunded freebies. Accomplishments, promises made and kept, these will lead to the reelection of POTUS 45.

Ozzie Mandias
8 months ago

And to think Trump is accomplishing all this against the headwind of demo-rat resistance. Imagine an America where we all pulled together.

Bill Cullen
8 months ago

You don’t have to look hard to see Trumps success.

Shoe
8 months ago

Pelosi has said that Impeachment is a serious and sad situation and YET she was smiling and using various “SOUVENIR” 🤬 pens to sign the document. she acted like a naughty kid yesterday.

Denise
8 months ago

Trump 2020!

Bebe
8 months ago

Did Pelosi hold up the phony articles of the sham impeachment until her souvenir pens were delivered? We’re the pens made in The USA? I doubt it. This silly, giddy, wicked woman and the rest of the Democrats are determined to make America last, while President Trump is making America great for all us “deplorable”.

D. Belotti
8 months ago

Hey, America 1 You want Socialism ? It’s available at the ballot box.
Vote Democratic and all your fears will come true.

Bob Kohls
8 months ago

All good impacts to the economy. The article didn’t discuss the impact of the tax cuts that must have improved disposable income. Also, isn’t the SALT limit of $10,000 effectively a tax increase on the rich?

Josephine pooley
8 months ago

The facts don’t lie. Unfortunately the Liberal media obfuscates thr truth!

Don
8 months ago

I saw no mention in the article regarding health care. I have had friends tell me they are having trouble getting health it for the family. I have it and and can not complain, however I am concerned about those who can not afford health care. As concerned as I am however, lets not let Bernie or other dems in.

Paul DAscenz
8 months ago

God Bless President Trump!
He’s Saved the USA, from becoming another Destitute Socialist Country!
He has the Middle Class Backing, he will win by a Landslide.
If you are a Conservative, and Believe the President is losing ground. Get out and Vote!!!!🇺🇸🇺🇸🇺🇸👍👍👍

Juleen
8 months ago

God Bless President Trump and all those who work so hard to make us great. Thanx to our military who protect our freedom. One question – Mr. President who are you mentoring to run in 2024?

Anna Petrocelli
8 months ago

This is a true revelation that no one will see elsewhere. I personally know that these economic gains have indeed occurred for I hear from my democratic friends, or should I say undecided, who claim big gains in their 401K”s or their salaries and spend plenty of money for their entertainments…..whatever these maybe. Personally, I have not seen any gains. I am on SS and two other small pensions all three of which have gone up only $45..something dollars with the 1.2% raise received this year. However, I am not complaining and I am grateful that I am not homeless… Read more »

Jon
8 months ago

This economy paints Democratic candidate Tom Steyer as a liar and another buffoon running for President. His commercials are tiresome and do not reflect what is actually going on in many fronts. Trade deals are getting done everywhere thanks to President Trump.

Bette
8 months ago

Tell me why anyone wouldn’t vote for our amazing President.
We need President Trump for another 4 years.
TRUMP / PENCE 2020
God Bless America and our President Donald Trump and Vice President Pence !

Michael Javick
8 months ago

Stop importing cheap Indian and and and ..Slave labor to replace our children’s jobs! They are even being blackmailed to re-train their replacements OR NO SEVERANCE PAY—NOTIFY PRESIDENT TRUMP TO STOP THIS INSANITY–NOW !

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