Bad News For Dems: Household Income Hits All-Time High Under Trump … And He's Getting Credit For It

[Right_in_Virginia]

Bad News For Dems: Household Income Hits All-Time High Under Trump … And He's Getting Credit For It
Investor's Business Daily, May 22, 2018

Growth: A new report shows that the median household income has climbed 3% since President Trump took office. It's another sign of a strong economy, and at least one poll shows the public credits Trump for the good news. Should Democrats wave bye to the Blue Wave?

Median household income has been steadily increasing under Trump, rising from $59,471 in January 2017 to $61,483 last month, according to Sentier Research, which tracks income on a monthly basis using census data.

This also means that household income is now higher than it's been in at least 50 years — after adjusting for inflation.

This is a sharp turnaround from the Obama years. Sentier data show that median household income was the same when President Obama left office as when he arrived. Under Obama, household incomes continued to fall steeply for two full years after the recession officially ended, and then took four years to make up that lost ground. Incomes then flatlined again, posting no overall gain between August 2015 and December 2016.

This is just another indication that the economy has notably strengthened under Trump. And polls show that the public's mood has brightened considerably as a result.


More:  https://www.investors.com/politics/editorials/household-income-trump-economy-optimism/

[Weird Tolkienish Figure]

This is indeed great news, so why doesn't Trump stop his attacks on trade then, which will threaten all of this progress we've made over the past year or so?

[Frank Cannon]

This is indeed great news, so why doesn't Trump stop his attacks on trade then, which will threaten all of this progress we've made over the past year or so?

Threaten what? These deals were garbage. Look at how fast Donny has the Chinamen moving on import car tariffs and agriculture imports. Now is the time to straighten these shit deals out. Not when we are in an economic slump.

[Weird Tolkienish Figure]

Threaten what? These deals were garbage. Look at how fast Donny has the Chinamen moving on import car tariffs and agriculture imports. Now is the time to straighten these shit deals out. Not when we are in an economic slump.

Where is the evidence that the deals were garbage? As shown in this report, the economy is gangbusters. We're essentially at full employment now. Threatening a trade war has the potential to reverse all the progress we've made.

[Frank Cannon]

Where is the evidence that the deals were garbage? As shown in this report, the economy is gangbusters. We're essentially at full employment now. Threatening a trade war has the potential to reverse all the progress we've made.

Just look at the trade imbalance and why there is a trade imbalance. The Chinamen have absurd tariffs on arbitrary shit like cars and agriculture. On the flip side we have none which is why the country is flooded with their cheap garbage.

BTW this trade war has already been baked in. The market took a hit a couple weeks ago and rebounded. The panic about the economy tanking should be continuing if any part of your argument was right......but it is not. Getting better trade deals is done when the economy is on fire because we can afford to handle bumps, not when we are flat on our back in a recession.