"In 2016, real median household income was $62,898, just $257 above its level in 1999. Over the next three years it grew almost $6,000, to $68,703."
https://www.bloomberg.com/opinion/articles/2020-10-30/trump-s-economy-really-was-better-than-obama-s … via @bopinion
Economic policy decisions don't have instant effects. "Trump's economy" was largely Obama's.
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Can anyone point to the Trump policies that have causation for these results? Anyone? Or are we all just lazily looking at correlation?
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We're all looking lazily at correlation. But honestly, the vast majority of this is just tax cuts and riding the Obama economy wave (although no one talks about how Trump *underperformed* Obama on economic growth, despite shoveling $1.5T in tax cuts...)
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Tax and regulations reduction were made by Trump Gov.
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and that caused ....
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Thank you, this is such a tired argument with no basis in reality. Five minutes plotting the past twelve years in economic data clearly shows that Trump was not responsible.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Also, where did growth come from / was it inflated?
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Many states/localities increased minimum wage substabtially suring this period, which is a significant factor
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Additionally, will no one ever bring up how much of this was due to unsustainable tax cuts? If I get a credit card with a $100k limit and I max it out, it doesn’t mean I got a $100k raise.
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