The booming American economy is the envy of the world. The latest numbers released this Friday, May 3rd should gladden the heart and swell the chest of every American. Unemployment reached a 49-year low of 3.6%. We added 263,000 jobs in April alone, and US hourly wages have reached an average of $27.77. While the Democrats promise the “mere crumbs” of a $15-per-hour minimum wage, the private sector’s answer is nearly double that. The greatest gains are in blue-collar jobs, a boon to middle-class earners. Unemployment among women has hit 4.2%, the lowest point since 1953. Hispanic and black unemployment also reached historic lows of 4.2% and 5.9%.
Obama, maybe the most incompetent President since Jimmy Carter, said that manufacturing jobs were never coming back. But because of President Trump’s policies, they are coming back. In the first 21 months of the Trump presidency we’ve added ten times (396,000 since September 2018) the manufacturing jobs of the Obama administration for the same period.
The so-called media geniuses said it couldn’t be done. Here are three headlines from October 2016. The Washington Post: “A President Trump Could Destroy the Economy.” Politico: “Economists: A Trump Win Would Tank World Markets.” The always wrong Nobel Prize-winning economist Paul Krugman said in the always wrong NY Times: “We are very probably looking at a global recession.”
The economic news released on Friday is top-of-the-fold, banner headline stuff, right? Not to the editors of our local rags. On Saturday, May 4th the Corning Leader’s headline was “Barr Becomes Dem’s New Focus.” The Elmira Star-Gazette chose a local angle with: “Schuyler Man to Help Those in Need in Ukraine.” Obviously, good news for America is bad news for Democrats, and their wing-men in the newspapers know it. The media coverup of good economic news deprives citizens of crucial information and betrays the reason for a free press in the first place, which is to fairly and impartially inform the public.
The Trump policies of tax cuts and deregulation have been done before with stunning success. Presidents Harding, Coolidge, Kennedy and Reagan cut taxes and presided over thriving economies in the 20’s, 60’s and 80’s. The real story is that conservative economic principles work. Low taxes and deregulation have always freed ordinary people to work, earn, invest, take risks, open new businesses and thrive.
Michael A. Morrongiello, Ph. D.