Minneapolis, MN – Just how vital is President Trump to the economy? We will answer that question. Your answer to that question may depend on what type of job you have and your political leanings. Every four years, the Presidential Candidates as, “Are you better off than you were four years ago?”. This question will be incredibly important for this election.
The math is simple: if the economy is better than it was four years ago, Trump, despite all the attacks from the lamestream media, wins re-election. If it is not, then we have problems – because most voters haven’t read Biden’s economic plan, that includes raising taxes on income and investments – all of this will kill the economy.
Of course, the X-Factor here is COVID-19. Will voters understand that COVID and its economic effect had zero to do with President Trump. Instead, the Governors, namely liberal governors, shut down their states and the businesses within. Usually, the President gets credit or blame for the economy. However, COVID and its effect are unprecedented.
This is why the Democrats have been trying to falsely claim that Trump mishandled the COVID “crisis.” If voters rightfully blame the Democrats, they lose, and they lose big. Do they think voters are that gullible? Well, they’re banking on it.
Just how vital is President Trump to the economy?
So here is the problem for the Democrats. The economy was better under President Trump pre-COVID. Many voters realize this. Swing state voters realize this. Of course, the press doesn’t report on the economy because it hurts their narrative.
However, Twitter was all abuzz today because the markets reacted to President Trump testing positive for COVID. How did the markets react? Well, pretty dramatically. Obviously, investors see how valuable President Trump is to the economy (see picture below).
To find anyone writing about the economy, we had to look to the Star Tribune in Minnesota. Although the reporter tried to mix in income inequality, the numbers show EVERYONE benefitted from Trump’s economy.
From the Star Tribune: “Families were making gains in income and net worth in the three years leading up to the pandemic, according to Federal Reserve data released on Monday.” This is all good, but let’s dig into the numbers (Jeanna Smialek, Median households made gains but the large wealth gap remained, data show, Star Tribune, September 29, 2020).
More from the Star Tribune:
Median household net worth climbed by 18% between 2016 and 2019, the Fed’s Survey of Consumer Finances showed, as median income increased by 5%. The survey, which began in 1989, is released every three years and is the gold standard in data about the financial circumstances of U.S. households. It offers the most up-to-date and comprehensive snapshot of everything from savings to stock ownership across demographic groups…Nearly all of the data in the 2019 survey were collected before the onset of the coronavirus.
Jeanna Smialek, Median households made gains but the large wealth gap remained, data show, Star Tribune, September 29, 2020
These are excellent pre-COVID numbers. Americans are better off than they were four years ago. Even the income inequality gap that the left loves to talk about has closed.
Just how vital is President Trump to the economy?
The newly released 2019 data suggest that families with lower pretax incomes were catching up to their richer counterparts between 2016 and 2019. Families with high wealth, college educations, and those who identified as white and non-Hispanic — who all have higher incomes — enjoyed comparatively smaller earnings growth over the period, the Fed said.
Jeanna Smialek, Median households made gains but the large wealth gap remained, data show, Star Tribune, September 29, 2020
All of this white liberal guilt hides the fact that they all are doing much better under President Trump. If these people could just get treated for Trump Derangement Syndrome, we would all be better for it. Trump will also be re-elected.
The trend line is good for lower-income families as well:
Since the survey started, families in the top 1% of the income distribution have gradually taken home a bigger share of the nation’s income while the share of the lower 90% of earners has gradually fallen. The bottom 90%’s income share increased slightly in 2019 — reversing a decadelong decline.
Jeanna Smialek, Median households made gains but the large wealth gap remained, data show, Star Tribune, September 29, 2020
Just how vital is President Trump to the economy? Extremely vital! He gets sick, and the markets respond. We in the Press Romm don’t remember that happening in recent history.
What do you think? How vital is President Trump to the economy? How bad will it get under a Biden Regime? Please write your answers below and on social media.
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Too many of the sheepeople do not understand, some understand, know the economy has been a lot better with Trump. Trump has worked hard to bring business back to the USA, which means more Americans working, but the media never supports this, nor reference any of this in their scripted Kabuki theater with their talking heads. If sheepeople would listen to what biden and his band are proposing for this country they should be very afraid if they gain power. When has a democrat, aka liberal/socialist ever been able to manage a prosperous government. The proof is all of the cities and states, that have been run by these incompetent people all failures, some as far back as 60 yrs, all of this is still verifiable. With out Trump for the last 4 years we would be a country going down, failing as a world economic power in spite of all of the other countries who keep trying to destroy us, especially china. All any one with a brain has to do is look at obama was doing, we were at minimal growth, stagnated economy, if obama’s policies were to continue we would have been a 3 rd world economy. Which is what the biden band of incompetent are proposing, continuing obama’s change for America, which he was determined to destroy. Think about this, when selecting a President, your future depends on it