Quote:
Originally Posted by Chico23231
Also some light reading pointing to fundamentals and policy in the Trump economy which made it superior to his predecessor
https://www.bloomberg.com/opinion/ar...r-than-obama-s
Not only did the unemployment rate continue to fall, but the percentage of Americans aged 25 to 54 either employed or looking for a job saw its first sustained rise since the late 1980s. This inflection point changed the character of the labor market.
In 2016, real median household income was $62,898, just $257 above its level in 1999. Over the next three years it grew almost $6,000, to $68,703. That’s perhaps why, despite the pandemic, 56% of U.S. voters polled last month said their families were better off today than they were four years ago. |
2014 median income was 58k
2016 62.8k (rate increase of 2.4k per year)
2019 68.7k (1.96k increase per year)
Yet another trend that President Obama started that Voldemort inherited. While he couldnt keep up with President Obama's pace, few could, I give him credit for not royaly screwing it up.
President Obama saved America from the recession. Good bless that man.
https://fred.stlouisfed.org/series/MEHOINUSA672N
Jobs?
President Obama added 7.9 million jobs in his final 35 months vs the other guy's 6.7 in his first 35 months
Pay Increase?
A result of Counties and States already having scheduled minimum wage to increase. Example - Montgomery County passed legislation increasing minimum wage from $10.75 in 2017 to $15 by 2020.
https://www.govdocs.com/montgomery-c...mum-wage-bill/
Deficit?
3.507 Trillion total for President Obamas last 4 years
4.327 Trillion for the other guy for his only 4 years
(his last year does not include Covid, if it did, the deficit for 2020 would be 4.2T and not the 1.181T used for comparison to President Obama)
https://www.thebalance.com/us-deficit-by-year-3306306