During the 2016 presidential campaigns and ever since, Democrats and the mainstream media (which is nothing more than a mouthpiece for Democrats) claimed that Donald Trump’s economic ideas would only benefit the rich and leave America in economic ruin. They predicted that investors would lose tons of money, but guess what, just the opposite has been true so far.
They claimed the tax cut bill would again only fill the bank accounts of the wealthy and have a negative impact on most Americans. Don’t forget that Rep. Nancy Pelosi claimed that the $1,000 bonuses many American workers received from their employers was just crumbs. However, I’ve yet to hear anyone receiving a bonus complain or refer to it as crumbs.
Democrats also said that Trump’s economic policies would hurt jobs and increase unemployment, but guess what, we’re seeing some of the lowest unemployment figures we’ve seen in decades.
(The Washington Examiner) – New applications for unemployment benefits dropped 7,000 to 222,000 in the second full week of February, the Department of Labor reported Thursday, the second-lowest mark of the recovery and a good sign for the economy.
Forecasters had expected new jobless claims to remain steady at an ultra-low 230,000. Lower claims are good news because they mean fewer people are getting laid off.
Thursday’s mark is the lowest since the early 1970s, setting aside the week of January 13, when claims touched as low as 216,000.
The report should raise expectations for a very strong jobs report for the month of February, since it covered the week in which businesses will be surveyed…
I remember during the G. W. Bush era, that many companies were struggling to find workers. Fast food places were offering more than the minimum wage, just to try to attract workers. During Obama’s era, we rarely saw help wanted signs as there were more workers than jobs. Lately, I’m again seeing many more help wanted signs as the number of available workers are getting fewer and fewer.