A new report from the US Census Bureau showcases the success of the Trump administration’s economic policies like lowering taxes, cutting regulations, and bringing American jobs back. The results were successful, to say the least, and could have caused a “Golden Age” effect had the Chinese virus not wiped out our economy.
On Tuesday, the Census Bureau issued a press release confirming that while income levels surged for everyday Americans, poverty sank drastically during 2019. The data pulls from two reports including Income and Poverty in the United States: 2019, and Health Insurance Coverage in the United States: 2019.
Here are the key takeaways from the release:
- The median household income soared by nearly 7% from 2018.
- Wages increased by an average of 2.1% for men and 3% for women.
- The median earnings of all workers increased by 1.4%.
- Minority races gained more in average household income than whites, however, all races gained.
- Poverty fell by 1.3% (4.2 million) to 10.5% which is the lowest level ever recorded.
- 92% of Americans had health insurance.
- 68% of those covered have private insurance, compared to 34.1% who had public insurance.
Essentially, the American economy was booming in 2019. Everyone’s wages increased, most people had health insurance, and poverty plunged. We were living in good times.
This report alone proves Trump’s policies are not racist or misogynist whatsoever. Both women and minorities saw significantly higher gains than men and whites. If Trump were such a bad guy, why would he impose policies that improve the financial circumstances of these groups?
The numbers speak for themselves, and the truth is that regardless of what anyone thinks of the president as a person, the Trump administration is undeniably good for America.
The only reason our incredibly successful economy did not continue is because of the coronavirus lockdowns that decimated our progress. However, every jobs report since June has shown our ability to quickly rebound, as we have already regained about 10 million jobs, about half of what we lost during the pandemic.
If we continue reopening efforts across the country, we will surely re-employ the remaining 10 million Americans who lost their jobs due to the coronavirus in record time. Based on the Census Bureau’s latest reports, we can trust Trump when he says, “We built the greatest economy in the world, I’ll do it a second time.”