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Joined: 09/01/1996 Posts: 5351
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"Trump's economic record hard to beat

The Trump economy saw an enormous rise in the incomes of working- and middle-class people, and that marked a sharp break from business as usual. As a Bloomberg article noted: “In 2016, real median household income was $62,898, just $257 above its level in 1999. Over the next three years it grew almost $6,000, to $68,703.” Jon Miltimore at the Foundation for Economic Education added: “Indeed, median household incomes increased from $64,300 to $68,700 in 2018 alone — an increase of $4,400. To put it another way, U.S. incomes increased more in 2018 than the previous 20 years combined." Will President Joe Biden match that record?

Time will tell, but his hasty efforts to undo much of former President Donald Trump’s economic policy suggest that he intends to return to the approach of the three previous administrations. That approach was good for Silicon Valley and Wall Street, but devastating for the American working and middle class. A return to the policies of previous decades is likely to produce the results of previous decades: Wage stagnation or worse."

(In response to this post by cswilliam)

Link: An inflationary disaster? Or a policy for the people?

Posted: 05/11/2021 at 08:16AM


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Current Thread:
Tech stocks got hammered again... -- EBN 05/10/2021 7:09PM
  Well well - two days off an all time high -- cswilliam 05/10/2021 9:09PM
  Silly.... -- SamSpade 05/11/2021 08:16AM
  This is so predictable -- CUKev 05/11/2021 09:23AM
  There's no inflation. Janet and Joe told me so. ** -- Colo Spgs Buff 05/10/2021 7:19PM