by Terresa Monroe-Hamilton | January 7, 2018 3:58 pm
Under President Trump, the economy is on a tear. The stock market is at all-time highs and pegged to go even higher. It just surpassed 25,000 for the first time. Unemployment overall is at historic lows. But unemployment for black Americans is officially at its lowest point in years. So far, Trump has gotten very little credit for that, but he should. During Barack Obama’s years, black unemployment was horrendous and now that is being reversed. When Trump was campaigning, he asked African-Americans to support him. He said he would address stagnant wages, a high unemployment rate and an oppressive outlook for opportunities for them in the future. He’s keeping his word.
Sadly, only a small percentage of black voters voted for him in the election. But that doesn’t matter, Trump is still working to make their lives better. With jobs coming back to manufacturing and the energy sector, new opportunities and employment are all over the place. With the tax cuts, many businesses are now also expanding and that is helping the black community as well. Black voters should remember when Trump said, “What the hell do you have to lose?” Now, they have everything to gain.
On Friday, the Bureau of Labor Statistics report came out. It showed that the unemployment rate for black voters fell to 6.8 percent from last month’s 7.2 percent. Not since April of 2000 has their unemployment rate been that low. “The most recent data from the Bureau of Labor Statistics show that the economic policies adopted over the past 7 years have been effective in putting people back to work,” NAACP director of economic programs Marvin Owens, Jr. said. Excuse me? Those numbers are attributable to President Trump, not Barack Obama. Obama was responsible for no one having a job and welfare rolls exploding in this country. Get real already.
Marvin Owens, Jr. went on to say, “And while the current administration will undoubtedly try to take credit for these results, the truth is that the current administration inherited an overall economy that had been in 7 years of recovery.” You have got to be freaking kidding me. That’s so revisionist it’s insane. Obama and his Marxist policies almost killed this country and certainly tanked the economy. This guy is either a stone cold liar or delusional or both. Jack Prosobiec said, “Trump is so racist the black unemployment rate just hit the lowest point ever.” Eric Boling also touted the accomplishment, “Unemployment remains at 17 year low 4.1%. Black unemployment at a record low 6.8%. [email protected] famously said “What have you got to lose?” Another campaign promise being kept. #maga.”
Trump has cut taxes, nixed tons of strangling regulations and cut back on government programs. All of that creates growth. What Obama did put the federal government in control and the American people suffered for eight long years under his Marxist rule. Trump is helping America to begin recovering and embracing capitalism instead of socialism once again.
White House spokesman Raj Shah noted the obvious via Twitter: “The lowest in nearly 5 decades and a credit to @POTUS economic policies!!” Yes, it is. Not Obama’s. The Examiner noted that “the gap between black unemployment and white unemployment fell to the lowest level on record in December.” Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data. That is fantastic news and solely the accomplishment of President Trump. We still have a long way to go. The median black household income needs to come up substantially still and the black teenager unemployment rate sits at a whopping 22.9 percent. Trump’s working on it. That black teenager unemployment rate under Barack Obama was almost 50 percent. The unemployment rate for white teenagers is 12.3 percent.
Trump is not touting this accomplishment enough. Though the media keeps saying we have been in job recovery mode for seven years, that’s just not true. I watch this sector and it has truthfully not started to recover until Trump took the presidency. Having Donald Trump elected President was like a reprieve from a Marxist death sentence. What Trump is doing is working and will continue to do so. By the time it’s all said and done, Trump may indeed win the black vote after all.
At 6.8 percent, black unemployment reached the lowest rate on record in December pic.twitter.com/W3JluWp2tf
— Joseph Lawler (@josephlawler) January 5, 2018
The lowest in nearly 5 decades and a credit to @POTUS economic policies!! https://t.co/CvMQqrqd2M
— Raj Shah (@RajShah45) January 5, 2018
Unemployment remains at 17 year low 4.1%.
Black unemployment at a record low 6.8%.
[email protected] famously said “What have you got to lose?”
Another campaign promise being kept. #maga
— Eric Bolling???????? (@ericbolling) January 5, 2018
Lowest African American unemployment rate since 1972. A full percentage point lower than the end of Obama term and closest gap between black and white in history. But let's keep talking about Russia.
— Viking Fan (@hoopandharm23) January 5, 2018
Dear @TheDemocrats: The current black unemployment rate is the lowest on record.
Trump Wins. Dems Lose. America:
Works and Parties. ????????
— thebradfordfile™ (@thebradfordfile) January 6, 2018
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