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Data Show Poorest Americans Are Benefiting Most from Strong Economy

m.knox

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Aug 20, 2003
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Imagine that? "A rising tide lifts all boats", right?..... Or is that passe to today's left?

The very best stimulus is an American with a job.

I doubt if any lefty will look at the details. Their need for confirmation bias is strong like bull and their urge to RESIST stronger........ Many have become utterly irrational - so much so that they are unable to make a simple observation that Americans are benefiting from Trump's pro-employment policies.

https://fee.org/articles/data-show-poorest-americans-are-benefiting-most-from-strong-economy/?utm_campaign=FEE Daily&utm_source=hs_email&utm_medium=email&utm_content=72480604&_hsenc=p2ANqtz--V4W1XbkjHeRRyikJCpIG9BmDqPXFU6TMaKAyVEWUcOAr6eJOX3oNZCiHU

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 grewby 3.2 percent, outpacing expectations by almost a full percentage point. In the month of April, unemployment fell to a 50-year low of 3.6 percent. 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 Poor Benefit the Most
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.
 
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