Obama and Congress jump started it after Bush, but it was basically just a recovery period for most of the world economies, some did better than others. You can’t blame COVID completely, things were starting to slump before COVID.
Low-Income Blacks Being "Bamboozled And Hustled And Scammed" By Democrats
- Thread starter Sailor
- Start date
Darth Omar
Russian asset
And Bush, all by his own self, tanked the economy in 2008.
When, exactly, was it going to become Trump’s economy? And why do I know the answer already lol?
Darth Omar
Russian asset
You’re well schooled in liberal thought.
StoneByStone
It's OK to Be White
Thanks, I swim every day.
Geeko Sportivo
Verified User
https://apnews.com/f78f4205f474482db8bb8fa7a5ebfa27
WASHINGTON (AP) — President Donald Trump is exaggerating his role in bringing economic gains to black Americans.
Brushing off criticism that his tweets against nonwhite lawmakers are racist, Trump asserts that he’s done plenty to improve the fortunes of African Americans as seen by their low unemployment rate, while Democrats have done nothing. That’s not the case.
A look at the claim:
TRUMP: “The facts speak far louder than words! The Democrats always play the Race Card, when in fact they have done so little for our Nation’s great African American people. Now, lowest unemployment in U.S. history, and only getting better.” — tweet Sunday.
THE FACTS: Trump is seeking credit he doesn’t deserve for black job growth. He’s also wrong to assert that Democrats haven’t done anything to improve the economic situation for African Americans.
It’s true that black unemployment did reach a record low during the Trump administration: 5.9 percent in May 2018. It currently stands at 6 percent.
But many economists view the continued economic growth since the middle of 2009, when Democratic President Barack Obama was in office, as the primary explanation for hiring. More important, there are multiple signs that the racial wealth gap is now worsening and the administration appears to have done little, if anything, to specifically address this challenge.
African Americans also had higher income prior to the Trump administration. A black household earned median income of $40,258 in 2017, the latest data available. That’s below a 2000 peak of $42,348, according to the Census Bureau.
The most dramatic drop in black unemployment came under Obama, when it fell from a recession high of 16.8 percent in March 2010 to 7.8 percent in January 2017.
How did you get that out what I said?
