Economic doomsday-sayers continue to preach that under President Donald Trump and congressional Republicans, that the economic collapse is coming and it will destroy us all. These are the same Ebenezer Scrooges that said the GOP tax cut plan would only put money in the pockets of the wealth and that most American workers would see very little, if any, benefits from the program.
Less than two weeks after the tax plan was passed and signed into law, thousands of workers are seeing bonuses and will soon see more take home pay. In response to the GOP economic policies, the Dow Jones as once again hit a new all-time high, which means that there is a lot of confidence in the economy by many of those that control it.
(Constitution.com) – Yesterday, I reported that the Trump economic boom which has been humming along for over a year now, was actually picking up steam thanks to the recent passage of the largest tax cut in American history.
We learned that the Dow Jones was breaking records, that the nation was hiring new jobs out at amazing speed, and that the unemployment rate was continuing to fall.
Today, more specific economic news is providing even more evidence of how GOP policies really do benefit everyone.
For years, minority groups have voted (particularly African-Americans) have voted more for Democrats than they have for Republicans. This truth is odd considering that minority groups are more prosperous under Republican leadership than they are under Democrats. For example, African-Americans had lower unemployment during the George W. Bush era than they did during the Obama era. (You can see the pertinent data here, and here.) …
Many Democrats are getting worried that once millennials begin seeing more take home pay and what it is doing to the economy, that a significant number of them could vote for Republicans in this year’s mid-term elections, helping Republicans maintain control of the House and Senate.