Daily Signal: It’s hard to escape the good economic news these days.
New reports show that in the first quarter of 2019, the U.S. economy grew by 3.2%, outpacing expectations by almost a full percentage point. In the month of April, unemployment fell to a 50-year low of 3.6%. Businesses continue to add hundreds of thousands of jobs month after month.
The sustained good economic news is in no small part thanks to last year’s tax cuts, and President Donald Trump’s work to cut unnecessary regulations that made it too costly to hire new workers or grow businesses.
The old cliché is that “a rising tide lifts all boats.” That’s correct, but it misses the full scope of what a strong and growing economy does for the poorest among us. It is actually the poor, those who have been historically disenfranchised, people with disabilities, and lower-skilled workers who benefit the most from rising economic tides.
Let’s look at the details.
In April, the unemployment rate for Americans with a high school degree fell to the lowest rates since before the Great Recession. Unemployment for workers with disabilities fell from 8% to 6.3% over the last 12 months, the lowest level since the measure began in 2008.
The crumbs Pelosi and her gang plan to take away if they win in 2020 or beyond.
Just the ones who should should benefit, as intended.
I knew a 407# woman who worked at the local mcdonalds pay window. Very sweet woman always greeted my children by name and asked how family members not present were fairing. At 407 she was a “disabled” worker and confided in me one day that mcds was trying to increase her hours but she couldn’t have that because it would diminish her “benefits”……… Whew! I go through life disgusted by many.
“Speaking the truth in times of universal deceit is a revolutionary act.” Geo. Orwell
Farmers are still struggling!
More BS… Unemployments “real” figure is 21.2%..
The US is in debt for 200 TRILLION if the truth be told…
6000 stores have closed this year so far, more than all of last year…
Farmers are going bankrupt by the hundreds…
There are 500,000 or more homeless people…
Ya, it’s roaring, flaming out….