WASHINGTON: President Trump’s winning. The Conservative agenda is winning. Nancy Pelosi and her crumbs; Maxine Waters and her hate; Socialists and Statue of Liberty climbers are loosing. Because in America, the American Dream is to have a job that will allow you to live your life better than your parents. And your children, better than the life their parents led.
The U.S. economy has enjoyed many winning moments during Trump’s Presidency. Most notable is a steadily-declining unemployment rate which eventually reached its lowest level since 2000. The economy under President Trump also saw its highest number of job openings, 6.6 million.
Life looking better for your children
In December 2016, the Washington Post’s article “American Dream collapsing for young adults, study says, as odds plunge that children will earn more than their parents” By Jim Tankersley said:
Rising income inequality has eroded the ability for American children to grow up to earn more than their parents, according to a new study from a team of researchers that could carry deep implications for President-elect Donald Trump’s policy agenda.
The research from a group led by Stanford’s Raj Chetty, and also including economists and sociologists from Harvard and the University of California at Berkeley, estimates that only half the children born in the 1980s grew up to earn more than their parents did, after adjusting for inflation. That’s a drop from 92 percent of children born in 1940.
The fall-off is particularly steep among children born in the middle class, and for those born in several states in the industrial Midwest.
If policymakers care about giving more Americans a chance to out-earn their parents, Chetty said in an interview, “these results show, you have to care about inequality.”
The economy is swinging in favor of the young, unemployed and underemployed
Under President Trump, the June 2018 unemployment rate did increase. The number of employed Americans, according to CNSNews.com also grew to 155,576,000 people.
According to the Bureau of Labor statistic, in June 2016 things were a bit bleaker:
The unemployment rate increased by 0.2 percentage point to 4.9 percent in June, and the number of unemployed persons increased by 347,000 to 7.8 million. These increases largely offset declines in May and brought both measures back in line with levels that had prevailed from August 2015 to April
This is the tenth employment record broken by Trump since he took office.
The Trump Scoreboard, MarketWatch’s tracker of jobs, pay and stock-market performance during the 45th presidency, showed that 3.22 million jobs have been created since the real-estate magnate took office, after 213,000 new jobs were added in June.
But wage growth, as measured by the 12-month change in average hourly earnings for production and nonsupervisory workers, is still mediocre. After 2.7% growth in June, median wage growth for his presidency stands at 2.4% — slower than the 3-plus percent gains during the presidencies of George W. Bush and Bill Clinton.
Bureau of Labor Statistics data shows that the United States added 213,000 jobs, with additions across multiple sectors.
In comparison, FactCheck.org reports :
Over Obama’s eight years in office, the economy added a net total of more than 11.6 million jobs — a gain in total nonfarm employment of 8.7 percent, according to the Bureau of Labor Statistics.
That percentage gain is not as large as for most other administrations since the end of World War II.
In fact, the only other post-war administrations to see smaller gains in employment were those of Obama’s predecessor, George W. Bush, who eked out a bare 1 percent gain, Dwight D. Eisenhower (7.1 percent in his eight years), and Bush’s father, George H.W. Bush (2.5 percent during his four years).
Other Trump Wins
According to Real Clear Politics, Trump is winning:
The Supreme Court:
Republican party: The president’s approval rating among Republicans is around 90%.
Fake News: Mr. Trump has turned that phrase into an applause line.
And then Chuck Todd, MSNBC says this:
CHUCK TODD, NBC: Good Sunday morning. Happy July. The announced retirement of Supreme Court Justice Anthony Kennedy this week helped make one political reality clear.
Despite his overall unpopularity, President Trump is winning and the Democrats right now are reeling.