But we weren't prosperous because of trump.
Let's check.....not that everyone doesn't already know that the truth is always the very opposite of anything you post.
"Call It the Critical Trump Theory: Free Enterprise Is a Miracle for Minorities
Now we come to the economic part of this story. Usually welfare and entitlement subsidies are at the center of discussions of black economic development, but it didn't work. Government dependency won out over black ownership. During the Trump years, though, a new model was put in place with great success.
In his National Review online article, my friend and Trump alumnus, Scott Turner, writes convincingly with facts about the success of African Americans under free enterprise policies. While Mr. Trump is often accused of being one of the most racist presidents, the facts are that black Americans experienced huge benefits from lower taxes and fewer regulations.
The unemployment rate, pre-pandemic, for blacks reached a record low of 5.2%. The poverty rate for black Americans hit record lows, while a total of 1 million lifted themselves out of poverty. Real median household income for black families rose above $4,000 dollars after falling over the previous 14 years. Black home ownership sky-rocketed.
Median weekly earnings grew 4.1% on average, higher than the 3.4% earnings growth for whites. Scott argues that the 2017 tax cut was crucial, as was the de-regulation of business and perhaps most important, the creation of nearly 9,000 opportunity zones, which attracted roughly $75 billion in capital for under-served communities.
That’s enough to create half a million jobs, lift another million persons out of poverty, by using a simple tool where capital gains of long-term investments were taxed at zero. These are important achievements by a Republican president and a Republican party who are always viciously attacked by the CRT, woke crowd. The wokes, though, are wrong.
And their woke economics of welfare and entitlement subsidies do African Americans over the long run a great disservice and great harm, with poor results. The same holds true for other minority groups. It’s no secret that Mr. Trump’s reelection attracted a big increase in African American voters and a whopping gain from Hispanics.
Give free enterprise a chance, and it will work economic miracles. Unfortunately, President Biden appears to be siding with the woke crowd."
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
www.nysun.com