|Unleash Prosperity Hotline|
|1) NY Times Rates Trump Worst President on the Economy – and They Wonder Why It is Called Fake News|
Quick. Someone get the New York Times some sedatives. The paper’s anti-Trump derangement syndrome has become so severe that on Sunday it ran a piece arguing that Donald Trump has the worst economic record of any modern president.
Really? Well, let’s see. In three years under Donald Trump the unemployment rate hit its lowest level in 50 years – and the lowest ever for blacks and Hispanics.
The poverty rate – the percentage of Americans who are poor – hit its lowest level ever in the history of the United States. That was also true for blacks, Hispanics, female-headed households, and even the child poverty rate hit an all-time low.
Median household income rose to an all-time high with a gain of more than $5,000 from 2016-19 – and the percentage gains were most significant for minorities. The income gains in three years were higher than the gains in eight years under Obama.
Household wealth rose to an all-time high of $123.5 trillion – a gain of just short of 30% in four years.
The number of unfilled jobs in America was the highest in the history of the United States in 2019.
So how is this not the BEST record of any modern president?
The answer is obvious. The Times counted the massive job and GDP losses of the pandemic year of 2020 – when the global economy was flattened for much of the first half of the year. We think that Trump showed almost miraculous skills in rebuilding the American economy from the lean Obama years, but apparently, the Times thinks that Trump should have had the superhero powers to prevent a once-in-a-century global pandemic.
|2) Democrats Admit It’s All About the Blue State Bailout|
The crazy $6 trillion Bernie budget. The nuclear strategy of backdoor gutting the filibuster. The hand waving about crisis while the virus rapidly fades. What’s it really all about?
Yesterday Delaware Senator Chris Coons (the erstwhile “bearded Marxist”) walked out of a meeting with President Biden and said that there’s no bill without the one true must-have: a blue state bailout.
It’s not because state and local revenue is down. In fact — thanks to booming stock and real estate prices, revenues are at record highs. This is courtesy of our friend Dan Clifton at Strategas:
But Democrats in states that were fiscal trainwrecks long before COVID smell opportunity, a chance to get federal taxpayers to pay for their lavish union pensions and post-employment health benefits and the rest of their chronic overspending. This is an attempt to nationalize the trillions of dollars of obscenely generous public employee pensions.
We wonder how red-state Democratic senators like Jon Tester of Montana, Joe Manchin of West Virginia, and Kyrsten Sinema of Arizona to name a few, feel about their taxpayers funding the California and Illinois pension disasters?
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