John Hinderaker posted an article at Power Line today about the impact the economic policies of President Trump have had on the State of Minnesota. The focus of the article is the economic impact of the tax cuts.
The article includes the two following graphs:
American wages unexpectedly…
…climbed in August by the most since the recession ended in 2009 and hiring rose by more than forecast, keeping the Federal Reserve on track to lift interest rates this month and making another hike in December more likely.
Average hourly earnings for private workers increased 2.9 percent from a year earlier, a Labor Department report showed Friday, exceeding all estimates in a Bloomberg survey and the median projection for 2.7 percent. Nonfarm payrolls rose 201,000 from the prior month, topping the median forecast for 190,000 jobs.
As I have previously stated, why is good economic news unexpected during a Republican administration and expected by the media during a Democrat administration?
The conclusion of the article reminds us what will happen in the Democrats take control of Congress:
A Democratic Congress never would have passed the Tax Cuts and Jobs Act. In fact, not a single Democrat voted for it. And Hillary Clinton never would have signed it. The progress the U.S. economy has made since Donald Trump took the helm from the hapless Barack Obama is an ongoing rebuke to the Democrats’ anti-growth policies. This is one reason the Democrats are so anxious to regain control over the House in November. With the House in Democrat hands, they won’t be able to repeal the Tax Cuts and Jobs Act, but they will be able to guarantee that no more pro-growth, pro-worker legislation will be enacted. They will focus on impeaching President Trump instead.
If you don’t like the current economic growth, vote Democrat and it will stop.