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Whether people realise it or not, President Trump’s economic policies are designed to redress the increasing inequality in the United States.

Look at this chart (click image to see it in full) of data from the Census Bureau comparing 1977 with 2016:

I came of age that year, and I can tell you that, minus the Internet (unimaginable), life in 1977 was definitely better on the whole than life in 2016 for young adults.

Our generation was highly optimistic — perhaps naively so — about the future. As you can see from the chart, we had reason to be.

Whether it is ‘Boomer Privilege’, as the tweeter states, is another matter. Economic policies — despite Carter’s presidency — still favoured the middle class at that time. So did lower university tuition fees. When necessary, students took a job on or off campus that pretty much paid their annual room and board. These days, most students have to take out a loan they cannot easily pay back.

On that note, a high school diploma was all that was required four decades ago. Now most young people must have at least a four-year university degree.

The responses to Jeff Giesea’s tweet are varied and interesting. Some blame feminism. A few others, more switched-on, blame successive economic policies that eventually ruined any continuation of a normal middle class lifestyle. An average household did not need two incomes in the 1970s. Now both husband and wife have to work out of necessity.

Of course, on the other hand, older people responding to the tweet pointed out that the 1970s was still a time of mend-and-make-do. Americans weren’t going out to eat every doggone day, either. Dining out was, for most families, a special treat, not a habit.

Another huge factor was that the United States still made most of its own goods in the 1970s. When all of that, including ceramic mug manufacture, went to Asia — particularly China — plants closed and people who had been making a decent wage lost their jobs.

There also wasn’t the influx of immigrants, either, which has had an impact on the job market. In some states, you must now be fluent in Spanish in order to get some types of jobs. That was not always the case, as those of us who are long in the tooth know. But, nowadays, it is the new normal.

Furthermore, globalism didn’t exist in the 1970s. Few have benefited from it. More have been damaged by it since the 1990s.

In closing, here are more outside sources saying roughly the same thing. However, there is also some good news below, a testament to the successful policies of Donald Trump for the working man and the middle class.

First, here is a chart from TheLastRefuge showing US changes in prices between 1997 and 2017. TheLastRefuge is Sundance at The Conservative Treehouse:

Secondly, for years, what The Conservative Treehouse calls the Wall Street economy has been vastly promoted by politicians, the Federal Reserve and the rest of the Establishment at the expense of the Main Street economy which concerns everyday Americans. However, President Trump has been gradually — and successfully — redressing the balance. Another factor is that Trump’s policies are increasing employment in decent jobs. On January 4, ZeroHedge posted an article, ‘Jobs Blowout: December Payrolls Soar By 312K As Wages Jump Most Since 2009’: (emphases in the original):

the BLS reported that in December the US added a whopping 312K jobs, far above the 184K expected, and the highest since February 2018. The total number of payrolls surged above 150 million for the first time ever, to 150.263 million to be specific …

After revisions, job gains have averaged 254,000 per month over the last 3 months

It wasn’t just the scorching payrolls number, but also the average hourly earnings print, which jumped by 3.2%, higher than both the November 3.1% and the 3.0% consensus; in fact it was the highest number since April 2009!

The article says that these results give the Fed — which promotes Wall Street — a bit of a problem. Another ZeroHedge article featuring Trump’s economic adviser Larry Kudlow quotes him as saying (emphasis in purple mine):

“There’s no recession in sight…I know this has been a gloomy period and I know people are concerned about the stock market,” Kudlow said.

Kudlow also criticized the Philips Curve – the Fed’s go-to inflation model – arguing that “more growth, more people working does not cause inflation” (since the financial crisis, the relationship between employment and inflation has apparently broken down).

Finally, Tucker Carlson had an excellent opening editorial on January 2 explaining how America has declined over the years. (See the first 14 minutes of his show below; those who are politically aware can start four minutes in). He said that the Establishment’s focus on corporate shareholders at the expense of the American people’s well being (e.g. ability to get married and raise a family) is killing the country. This is a policy, he says, that has been governing the US for the past few decades. It has produced family breakdown. Only the most financially comfortable can envisage marriage and a family. Meanwhile, the blight that affected cities like Newark and Detroit in the 1970s is now spreading to smaller cities and rural areas. There is a sharp increase in drug addiction and an inability for Americans to function properly. He says that Republicans must step up to the plate to redress this balance. He says it will lose them donors, but, if successful, they will be able to repair the frayed fabric of the nation:

It will take time to resolve America’s social problems, e.g. drug addiction and family breakdown, but, from this, it should be more apparent that the rot has been setting in over decades and is only now starting to be addressed. That said, as Tucker Carlson points out, more Republicans — because the Democrats are too far gone — must fully support President Trump’s agenda to Make America Great Again.

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