Department of Labor statistics are clear. There is nothing "unprecedented" when it comes to job growth in America, as Donald Trump has claimed. In fact, under Trump the economy has created 1.5 million fewer jobs in his first 3 years as president than were created in President Obama's last 3 years.
As well, apart from the jobs disparity, after adjusting for inflation we learn that "real" wages under President Obama's grew at a faster rate (1.1%) during the last two years of his administration than they have under Trump (0.6%) ...
(In the FYI category, the blue "Nominal" line are wages that are NOT adjusted for inflation; this is what Trump was bragging about during the SOTU.)
You can read the details by clicking here.
While you're thinking about all of this, also think about this fun fact. President Obama didn't have the luxury of spiking his jobs' numbers with annual trillion dollar budget deficits, or a $1.9 trillion dollar tax giveaway to the already rich in America (which we can't pay for).
So, yeah, while budget deficits decreased drastically from the built-in trillion dollar deficits that President Obama inherited, they have soared under Trump.
Nothing wrong with spiking your "record breaking economy" with borrowed money, right?
- Mark
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