Voters in key swing states say the economy is their top issue and just this past week they received some historic news that should tip their decisions. It turns out that 2019 was a record-breaking year for the U.S. economy. Median income hit its highest level ever, and the poverty rate dropped to a 60-year low.
It’s clear evidence that the pre-coronavirus economy under President Trump was the strongest in decades. And it bolsters the president’s case with voters that he is best positioned to lead America’s economic comeback.
Not only did incomes hit record highs and the poverty rate approach a record low, but the gains were felt across the board. Hispanics, Blacks, Asians, and women all saw their incomes rise at a faster rate than the national average. And Black and Hispanic poverty rates hit their lowest levels on record.
The results are no accident. The president’s focus on reducing taxes and clearing out regulations for businesses revived America’s labor market, spurring a record number of open positions as employers raised wages to compete for workers.
WHAT THE 2019 CENSUS INCOME, POVERTY NUMBERS TELL US ABOUT BIDEN VS. TRUMP AND 2021
It’s a stark contrast to the Obama-Biden years, when extensive unemployment benefits and new regulation (think ObamaCare) restrained economic growth and hiring, producing meager wage gains and a frustratingly slow comeback in jobs.
As the Biden camp works hard to dismiss the strength of the pre-pandemic economy, President Trump is smart to put the real evidence front and center.
Nevertheless, as Democratic presidential nominee Joe Biden makes his case for leading America’s pandemic recovery, he’s reverting back to the very same playbook—and even doubling down…
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