Analysis shows multiple ways in which President Donald Trump’s policies were better for American families than former President Barack Obama’s.
Karl W. Smith, former vice president at the Tax Foundation and an assistant professor of economics at the University of North Carolina, used his Bloomberg opinion column just before the November election to explain how the economy improved under Trump. Of course, the column didn’t get mainstream traction prior to the election, and the media has since called the election for Joe Biden, who has promised to undo the Trump policies that made the economy so successful after decades of stagnation.
As Smith wrote, not only did unemployment drop and economic growth increase beyond what experts said was possible, but media household income rose far above what it had been for the past few decades.
“In 2016, real median household income was $62,898, just $257 above its level in 1999. Over the next three years it grew almost $6,000,