This article originally appeared on Foxnews.com on May 5, 2019.
The new economic numbers are out, and the verdict is clear: The U.S. economy is on fire.
With their claims of economic Armageddon and a coming recession buried in a mass of positive data released by the government Friday, Democrats are desperately attempting to explain away economic reality by falsely claiming the Trump economy is benefiting only the rich.
As with their dire forecasts of economic doom, this claim is easily disproven. The “Trump boom” is benefitting Americans In every demographic group. The data tell the story.
Economists polled by The Wall Street Journal, had predicted that the U.S. economy would generate just 190,000 new jobs last month and a 3.8 percent unemployment rate. Those would have been very strong results and cause for optimism.
But, as has become the norm in the Trump economy, the April jobs report crushed these expectations as many economists simply seem unable to understand the impact of President Trump’s pro-growth policies.
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