If you listen very carefully, or maybe even partially, to the Democratic debates or any other campaign push the 2020 candidates from the Democrat party, you will hear one thing over and over again. The middle class of America is dying. According to them, the rich continue to get richer, all the while driving the not so well off deeper into debt and into poverty.
And they blame it all on Trump, saying he is making situations worse. Furthermore, they claim that the economy is only at its best right now because of Obama’s reign. He just inherited the good luck.
However, whenever something goes wrong with the economy, Trump is the one to blame, not Obama, the almighty creator of our strong economy.
And while this double standard has no way of making sense, there are those with a brain who have evidence to the contrary.
Economist Stephen Moore says there is one single thing that proves whether or not a president is doing well when it comes to economics: the growth of the middle class. And according to him and data provided by the most recent census, the middle class is making more than ever before.
But how could that be if they are dying? Senator Elizabeth Warren from Massachusetts says, “America’s middle class is under attack.”
Well, as Moore and the census points out, the truth is that they aren’t. On Fox business this week, Moore explained, “based on the Census Bureau data… they are reporting now that from the day that Donald Trump entered the office through the end of July of this past year – these are the most recent numbers – middle-class incomes are up by $4,100.”
And he continued, “That is a chart-topper. In the previous 16 years, under the Bush and Obama administrations, incomes only rose by $1,000.”
He said that the numbers were so astronomical that he “had to triple-check these numbers to make sure they were right because they are so off-the-charts.”
And he told the Wall Street Journal that “the latest data from the Census Bureau surveys tell a different story” from the one the Democrats are propagating. Moore said, “Real median household income – the amount earned by those in the very middle – hit $65,084 (in 2019 dollars) for the 12 months ending in July.”
“That’s the highest level ever and a gain of $4,144, or 6.8% since Mr. Trump took office. By comparison, during 7 ½ years under President Obama – starting from the end of the recession in June 2009 through January 2017 – the median household income rose by only about $1,000.
He explains that this is “why consumer spending has surged this year, and major retailers like Lowe’s and Target report massive sales. White House economic adviser Larry Kudlow had it right when he said last month that, due to fatter paychecks, families, are spending and saving more at the same time.”
What this means is that Trump didn’t inherit a good economy; he made it that way.
Moore says the data explains, “Mr. Obama inherited a financial mess, but the median income continued its decline during almost all of his first term and rose only slowly in his second term – the weakest recovery from a recession since the 1930s.”
Now that’s saying something.
Obama did, in fact, do good for the economy. However, it was much too little and much too late. Trump, in contrast, has made changes that immediately, as Moore says, “from the day” he entered the office, and significantly improved our economy.
More ended his piece, saying that things could change for the worse under Trump if particular trade wars do not go well for us. “But for now the median family enjoys its fattest paychecks ever.” And to directly contrast the left, “The middle class not only isn’t shrinking, it’s getting richer.”
And yet, no one seems to notice these facts. Instead, the Democrats continue to point the finger and focus on hoaxes like the Russian collusion and now the Ukrainian phone call — anything to make Trump look bad and get him to leave the White House.