The Bureau of Labor Statistics released its report for the month of November on Friday morning. Its top-line numbers looked pretty good, although there are caveats that need to taken into consideration, such as the fact that in November 42,000 striking GM auto workers went back to work at the conclusion of the strike.
Nevertheless, Donald Trump does what he always does whenever there is some ostensibly good news reported: He takes credit for it. Of course, there is nothing in Trump’s record that can be plausibly cited as having any impact on the labor market. In fact, virtually every initiative that might help American workers has been bottled up in congress by GOP Senate majority leader Mitch McConnell, including infrastructure projects and a minimum wage increase. But didn’t stop Trump from tweeting that…
Without the horror show that is the Radical Left, Do Nothing Democrats, the Stock Markets and Economy would be even better, if that is possible, and the Border would be closed to the evil of Drugs, Gangs and all other problems! #2020
— Donald J. Trump (@realDonaldTrump) December 6, 2019
As usual, Trump is speculating about imaginary world that would be a utopia were not for his political foes conspiring against him – and America – at every turn. That is the textbook reaction of a malignant narcissist who has convinced himself of his indisputable supremacy. What it is not, however, is anything recognizable as the truth.
Many studies have been published that prove that the economy almost always does better during Democratic administrations than Republican. Nine of the last 10 recessions have been under Republicans. And since World War II, 24.4 million more jobs created under Democratic presidents. Also, real GDP growth was 44% higher under Democratic presidents. Meanwhile, unemployment has been 18% higher under GOP presidents.
That said, perhaps one of the most relevant voices in this debate is that of Donald Trump who, in 2004, told CNN’s Wolf Blitzer that “I’ve been around for a long time and it just seems that the economy does better under the Democrats than the Republicans.” Here he is in his own words:
So Trump may have correctly labeled the economic hard times our country has endured as a “horror show,” but he has forgotten who the real monsters are. It isn’t really surprising that Democrats have performed better economically. The Republican agenda is tightly focused on corporations and the wealthy who horde their prosperity. Only when the middle class prospers doers does the broader economy succeed. The Republican economy is currently running record deficits and running on fumes that will eventually choke the nation into recession. And if the country wants to return to its past healthy economic environment, it had better reject the Republican facade of growth and embrace the real world results of the Democrats.
How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.