Democrats Feeling Blue After Seeing What Household Income is Doing Under Trump
Ever since President Trump was sworn into office, the left has been counting down the days until the 2018 midterm elections, believing this would be their golden opportunity to cruise on in and steal Congress right out from underneath Republicans.
After all, Trump got elected. There’s no way he’d do a good enough job in office to make folks want to vote for him or the GOP pretty much ever again, right?
In fact, thanks to many of Trump’s policies, the median household income in America has climbed three percent, which means the economy is becoming stronger by the day, an issue that’s near and dear to the hearts of a vast majority of Americans.
Median household income has been steadily increasing under Trump, rising from $59,471 in January 2017 to $61,483 last month, according to Sentier Research, which tracks income on a monthly basis using census data.Trending:
This also means that household income is now higher than it’s been in at least 50 years — after adjusting for inflation.
This is a sharp turnaround from the Obama years. Sentier data show that median household income was the same when President Obama left office as when he arrived. Under Obama, household incomes continued to fall steeply for two full years after the recession officially ended, and then took four years to make up that lost ground. Incomes then flatlined again, posting no overall gain between August 2015 and December 2016.Advertisement - story continues below
The latest IBD/TIPP Economic Optimism Index is 53.6. This index has been in positive territory (anything over 50 is optimistic) since Trump took office. The Quality of Life Index, meanwhile, hit a 14-year high in May and the Financial Stress Index is at an all-time low.
In other words, what the president is doing seems to be working and the American people are slowly but surely bouncing back after eight years of misery under the Obama administration.
This is great news for citizens and extremely good news for Republicans who might have been scared that their inability to fully remove Obamacare might have them booted out of office, as this could assuage some of the ill will many folks feel towards that debacle.
Let’s hope the good times continue to roll forward.