https://twitter.com/realDonaldTrump/status/1046925327958708226
There he goes again - exaggerating his crowd size.
There he goes, campaigning instead of running the country.
I suppose I should be grateful.
If you think about it you should be. Economic growth has been revised upward to over 3%: unemployment rate is at 3.9 and headed down t o 3, inflation is well under control, wages are up,
Consumer confidence is through the roof, and Americans are buying steak again.
After 8 years of meandering through the haze of the disaster known as ObamaNomics the GOP has given us all something to be proud of.
"Wages are up."
And here's what the White House says:
Average earnings rose from $894.06 in January 2017 to $937.02 in August 2018. That suggests impressive gains of $42.96 weekly over the 20-month period and $30.02 weekly over the past year!
It's all true.
However, here's what the Bureau of Labor Statistics says: quarter-by-quarter numbers show that
median weekly earnings of all workers rose from $865 in the first quarter of 2017 to $876 in the quarter ending June 30, 2018. The typical working American's earnings increased $11 weekly over 18 months,
barely more than one-quarter of the economic progress touted by the White House.
But still up, right?
The significance of what people earn lies in what they can do with their earnings, and inflation eats away at what any of us can purchase or save. As a result, serious earnings analysis is always framed in inflation-adjusted, or "real," terms. From January 2017 to June 2018, inflation totaled 3.77 percent, while the $11 increase in unadjusted weekly earnings over those 18 months represented gains of 1.27 percent.
The result: $876 in June 2018 had the same value as $848.20 in January 2017. In real terms, the weekly earnings of a typical working American fell $16.80, or 1.9 percent, during Donald Trump's first 18 months as president.
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All data from the sources given (BLS, White House), via the Washington Post. Information verified from their sources. Text is 95% WaPo.
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So, you are right, Redd. I should be grateful Trump is out campaigning and not running the country. Thank you for agreeing with me.
And you can keep ignoring (a) the prior adminstration to Obama's, (b) what the Obama economy looked like coming into this one, and (c)
the federal deficit and the cost of debt service and what that will do our economy!