The 2019 Economic Boom is STILL a Strong Case for Trump’s Re-Election

Ask voters what is their top issue during this election year, and the unsurprising answer is all about their pocketbooks and bank accounts. In fact, voters in key swing states rank the economy as a tipping point in deciding the outcome of the next presidential election.

As the economy rebounds from the coronavirus slump, the balance sheet of household wealth as published by the Board of Governors of the Federal Reserve System hit a record high. American households saw their collective net worth climb nearly 7% to $119 trillion during the April-June 2020 quarter.

That rebound follows an astonishing record-setting economy in 2019. It points to President Trump’s effective economic policies and supports President Trump’s claims that 2019 was the strongest economy ever.

What happened was a perfect convergence of increasing incomes and plummeting poverty levels. Those gains were across the board. Women, Asians, Hispanics, and African Americans witnessed rising incomes at a faster rate than the national average. Hispanic and Black poverty rates hit record lows.

As some insist that racism and misogyny are endemic in the American economic system, the numbers provide solid evidence to the contrary. The Census Bureau reports that Blacks have seen their incomes rise by $5,322 under President Trump. Women’s incomes went up by $3,029 in his first three years in office. For everyone else, median household incomes rose more than $6,000. That’s twice the amount of the gain during the previous 16 years under Presidents Obama and Bush.

Those numbers were no fluke. President Trump deserves the credit. He reduced taxes, cleared out crippling business regulations, and help rejuvenate the American labor market. With his America First policies the Trump Administration saw a record number of new positions as employers began to compete for workers by offering higher wages.

The Obama-Biden years, on the other hand, saw extensive unemployment payments with new regulations like ObamaCare. Those policies put the brakes on economic growth and slowed recovery from the 2009 great recession.

So, in the upcoming election, Joe Biden seems to be making a case that recovering from the coronavirus pandemic can be through higher taxation with double that amount in new spending. He wants to roll back the 2017 Trump tax act, a plan that resulted in the aforementioned historic economic growth.

As the election nears, Democrats are downplaying the tax hike chatter. If you earn less than $400,000 a year, they claim, your taxes won’t go up. But savvy voters know better. There are other ways to raise taxes and the cost of living for everyone. Just lowering exemptions or taking away deductions has the same effect. Restore the small business tax to its pre-Trump level, and jobs go away.

So, President Trump can make a good argument: just look at the record. Undoubtedly, he and his supporters won’t let swing state voters forget 2019 and its astonishing numbers. He is smart enough to put the real evidence before the voters: We had a booming economy before the pandemic, and we have the fundamentals in place for an even stronger recovery.

2 thoughts on “The 2019 Economic Boom is STILL a Strong Case for Trump’s Re-Election”

  1. I couldn’t agree more with the theme of this article. Some that are wanting Biden should think of things such as this rather than Their own object. It has been said over and over again: reduce taxes, take away regulation, get Government out of the way and watch economy soar. The last three years have proven that fact. Now, We need to re – elect Mr. Trump to pull the economy back up after this pandemic which was not in any way His fault. The alternative w/Biden would be a return to the PinnochiObama years of dragging along. ——-Craig

  2. I agree with everything said about the economy , so because Biden hasn’t got anything to use against Trump he’s now pushing the mishandling of the virus I don’t understand why the mishandling of the swine flu that was going on from Obama and Biden isn’t being brought up . A lot of people died and because the back up medical supplies weren’t replenished in each state the hospitals ran out of supplies that President Trump had to scramble to get for the states . Obama said that it was Bidens responsibility to get them filled but didn’t do anything about it . Biden keeps saying he would have handled this pandemic better because he’s been through it before but he handled poorly . Why isn’t this being brought up to get him to back off about the pandemic ?

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More



Most Popular
Sponsor Content

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More