Obama Promised A ‘Middle Class’ Economy, Trump Delivered It
I & I Editorial Board
February 11, 2020
In his State of the Union address five years ago, President Barack Obama talked at length about what he called “middle-class economics.†After years of economic stagnation, he promised that the only thing needed to revive the economy was more middle-class benefits. The middle class has made substantial gains since then, but only because President Donald Trump ignored everything Obama said.
In Obama’s address, he described “middle-class economics†as “helping folks afford childcare, college, health care, a home, retirement.†In other words, still more federal middle-class entitlements and new mandates on employers (higher minimum wage, paid family leave, etc.).
Instead, Trump delivered tax cuts derided by the left as a giveaway to the rich, and deregulated measures that Democrats had claimed were pro-growth.
https://issuesinsights.com/2020/02/11/obama-promised-a-middle-class-economy-trump-delivered-it/
