No one talks about wages increasing during the reign of failed former President Obama. Why? Because it was as you know, the slowest recovery in modern history.
Let's talk economic reality here Markle. Wages are really a "supply and demand" thing. When the supply is good, employers have their pick of workers, and workers will take anything they can get, and they will bid themselves down to get the job. Take less than they want, or truly need, because it's better than nothing.
The month that Obama was Inaugurated, the economy shed 800,000 jobs. By July, when the recession officially ended, the economy had lost 5 million jobs from the initial crash in October. People had lost their incomes, their medical insurance, and half the value of their homes. Millions went faced foreclosure and bankruptcy, and not just poor people, but people who were solidly middle class, lost everything.
People took whatever job they could find, for whatever money they could get, and companies took full advantage of these opportunities, cutting wages and benefits to employees, and using government benefits to subsidize minimum wage jobs.
When the unemployment rate got below 4%, and it was harder to find good workers, wages started to inch upward, and in the three years wages were rising once again, which is something that Trump immediately took credit for when he got into office, even thought his increases were lower than Obama's.
Trump waged a very good propaganda campaign about his "Best Economy Ever" but really all he did was take credit for Obama's entire second term, and try not to rock the boat too much. Every one of the indicators of economic strength declined under Trump - jobs created, wage increases, and the wealth gap.
The harsher truth that Republicans refuse to acknowledge is that is any fool can look good when the nation isn't facing a crisis or a war, but there is always a challenge to every Presidency which rattles the nation's economy, and it's how the government responds to that, which demonstrates the strength or weakness of that government's economic policies.
Clinton had the challenge of a new world economic order, in the wake of the collapse of the Soviet Union, and the splintering of the USSR. Clinton created an era of wealth and prosperity for the nation with a balanced budget, low unemployment, higher wages, and no wars. Unfortunately, the Republican Congress pushed through a slate of banking and securities deregulation, gutting banking regulations meant to prevent another Great Depression, and an impeached, lame duck Bill Clinton signed into law the legislation which lead to the downfall of the American economy.
W had 9/11. He cut taxes, ran up a deficit, and went to war. 7 years later the American banking system collapsed, nearly taking the world economic system down with it. That was Newt Gingerich's real Contract With America.
The impeachment of Bill Clinton had a LOT more to do with the most economically successful Democratic since WWII, than it did with illegal activities on the part of the Clinton Administration. There was only one indictment of a member of the Clinton Administration throughout the 8 years Clinton was in office.
Clinton raised taxes - and the unemployment rate went down, putting the lie to Gingerich's claims that it would kill jobs. Clinton raised the minimum wage - multiple times, and in each case the unemployment rate went down, and poverty went down, again putting the lie to Republican claims that minimum wage workers would be worse off.
Clinton was tough on illegal immigration - as was Obama, but instead of going after border jumpers, Clinton went after their employers, as did Obama. But Clinton's enforcement numbers make Obama's look pale in comparison. Both W and Trump immediately stopped prosecuting employers, and in both cases, illegal border crossing spiked immediately.
In 2019, Trump had the highest number of illegal crossing since 2001. Imagine that!
All the crap Republicans tell you about Democrats is lies. They're making it all up. Republicans are economic failures Reagan to Trump. Democrats keep saving you. Look at the 40 year numbers on unemployment, DOW, wages, poverty, wealth inequity.
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