The median income (which was on an upward trend before he took office since about 2012) is an indicator that people are being paid more, but it also is deceptive. For instance I'd expect it to go up since we are increasingly seeing a split economy where low wage workers get screwed and lose jobs, but high skilled workers get paid more for their skills, and gig workers aren't getting a "wage" so they don't get factored in. I.e. if you were making $15 an hour, got fired, and now drive for Uber to make ends meet you don't count as unemployed and you don't count in wage calculations, so even though a ton of people are worse off the statistics continue to look like they're getting better.

and even so, you need to show what Trump actually did to make improvements. Trump increased the deficit with tax cuts which spurred growth, but like I said, any president if allowed to do that would see massive short term growth at the expense of the long term. This is more or less the modern Republican playbook. Cut taxes, spend like hell during their own administrations so a Republican president gets all the credit for the growing economy, then harp about the deficit under Democrats so they can stall growth.

This post was edited by Thor123422 on Dec 4 2020 11:46am

Income recovery lagged behind the economic recovery. The increases in median income from 2012 to roughly 2014 were still the "immediate" catch up phase after the recession.



This kind of development on its own would lead to a decreasing median...


That's a good point - if true. If workers at the bottom of the income pyramid are disproportionately dropping out of the statistic, this would artificially inflate the median income. I'm not sure, however, if gig workers are really falling through all the cracks of this statistic. "Household income" should be a category that captures most unemployed or irregularly-but-not-illegally employed people.


This criticism cuts both ways. If valid, it applies to Obama's economic recovery just as much as to Trump's.

This post was edited by Black XistenZ on Dec 4 2020 12:56pm

64% of people in Georgia think the election was rigged.

My bet is that the results won't be certified.

https://twitter.com/KristenhCNN/status/1335305701132910593



74 million people voted for this asshole.

Yeah pretty much. Presidents don't actually have that much control over the economy, and I said as much the whole first 2 years of Trump's presidency.

Yup. Didn't even grant cert, which was what I expected.

I've been saying for 4 years that the president's influence on the economy is generally overrated. Still contradicts the popular Democratic talking point that "Trump just continued Obama's economcy".

What everybody who knows even the basics expected.

It doesn't contradict that at all lol

It's a statement of incontrovertible fact.

Obama can not have much control, and Trump can still just be a continuation of Obama's economy. Actually, presidents having little control virtually guarantees that they are riding the previous president's economy for at least 2 years.