What Economic Equality Really Looks Like

Today Breitbart posted an article about aspects of the Trump economy that have not been widely reported.

The article cites 7 economic facts:

  1. Latino Unemployment Hits Record Low
  2. Black Unemployment Rate Hits 17-Year Low
  3. Real Economic Growth
  4. Soaring Economic Optimism
  5. Booming Stock Market
  6. Unemployment Rate Hits 17-Year Low
  7. Manufacturing Jobs Boom

Regardless of his imperfections, Donald Trump is a businessman. He understands how money works and how economies work. His knowledge (and common sense on the part of many of the people around him) have turned around our economy.

The article reminds us:

After an unexpectedly high growth rate of 3.3 percent in the third quarter of 2017 (and that is with two devastating hurricanes), projections for the fourth quarter have edged into the magic number of 4 percent.

…So far in 2017, a full 171,000 manufacturing jobs have been created. Moreover, the manufacturing unemployment rate is just 2.6 percent, the lowest ever recorded.

In July 2013, CNS News reported:

During just the years that President Barack Obama has been in office (2009 through 2012), average annual growth in real GDP has been only 1.075 percent.

The 1.075 percent average annual growth in real GDP under Obama equals less than a third (31.57 percent) of the 3.405 percent average annual growth in real GDP the United States saw in the last two decades of the last century.

The 1.775 percent average annual growth of GDP in the twelve years since the beginning of this century, equals only 52 percent of the 3.405 percent average annual growth in real GDP the country saw in the last two decades of the last century. 

In the first two quarters of this year, the beginning of President Obama’s second term, real GDP has grown at an annualized rate of 1.1 percent and 1.7 percent.

In October 2017, The Balance posted a chart showing GDP growth by year. This is a portion of that chart:

Leadership and economic policy matter.