REMARKABLE – AT 8:03 A.M. ET: Lost in the rush of positive economic reports are figures that the journalistic establishment never thought possible. Blacks and Hispanics, two groups that we were told would be ignored by the Trump administration, are actually doing better than they ever have. From Fox:
Democratic warnings that President Trump would make life worse for minorities were discredited once again Friday, with the release of new unemployment statistics for December. In just under one year in office, the president and the Republican Congress have helped minorities make dramatic gains.
Since taking the reins from President Obama, President Trump and the GOP-controlled Congress have embraced free-market and pro-liberty economic policies. Now – after a year of reducing regulations, approving a tax cut, and encouraging stricter standards for numerous welfare programs at the state level – the economy is thriving. Working-age minorities are benefiting in ways they have rarely, if ever, have enjoyed in the modern era.
The U.S. Labor Department reported Friday that the unemployment rate for African-Americans fell to 6.8 percent in December – the lowest rate since record keeping began in 1972. That’s an astounding drop from the 8.3 percent black unemployment rate in October 2016, just before Donald Trump was elected president.
Hispanic unemployment was at a near-record low of 4.9 percent in December – down from 5.7 percent the month before the election of President Trump. Additionally, there were four months in 2017 in which the Hispanic seasonal unemployment fell below 5 percent – the only time that has occurred in a single year over the past 44 years.
COMMENT: Oh my, how to explain this. Trump has put new energy into the economy, and, just as important, into the psychology that drives the economy. This administration understands that a strong overall economy, linked with tax reduction, will benefit every group in the nation.
I have no idea what the Democratic economic plan is. I do know that the president's vision is working, and that this is likely to have a profound effect on how people vote in November.
The GOP, in its historic shortsightedness, has long ignored groups it believed it could never win. That's defeatist thinking. Mr. Trump may not be able to produce majorities in minority communities, but he and his economic results may draw enough votes away to change the national political map.
Never surrender anywhere.
January 8, 2018 |