"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
its all moot since blacks were impacted more by pandemic
NPR's analysis shows just how stark the impact has been on African-Americans and Latinos. Experts say the pandemic will go on — for everyone — unless we direct resources where they're most needed.
www.npr.org
NPR????????????
The Wuhan Red Death Hoax???????????
Can you be such a fool after this?
Democrats lie about everything….on what basis would any of their fabricated data be considered valid???
Here the prism through which every Democrat pronouncement should be viewed: First collusion, collusion, collusion, Russia, Russia, Russia, Obstruction, Obstruction, Obstruction. Racist, Racist, Racist, Impeach, Impeach, Impeach, Recession, Recession, Recession, Emoluments, 25th amendment, Stormy Daniels, lies about Charlottesville fine Nazis, Kurds, Ukraine, Quid Pro Quo, ‘lynching,’ the Kavanaugh hoax, the GAO charges, Lev Parnas, impeachment, coronavirus ‘hoax,’
General Flynn perjury trap, no evidence of voter fraud in the stolen election.....and “More than 50 former intelligence officials signed a letter casting doubt on the provenance of a New York Post story on the former vice president's son."
Don’t forget the Democrats told you that Trump was colluding with Russia…and that wasn’t true. They also told you that so was Naval Academy grad Carter Page and so was George Papadopoulos and so was General Michael Flynn, a three star general and former director of the Defense Intelligence Agency….and all of that was a lie. How stupid must one be to keep believing what they say?
...and, AOC lying about her near-death experience in the Capitol Riots.....when she wasn't even in the Capitol.
And that Biden voters as agents provocateur weren't behind the Capitol Riot.....and that Pelosi knew and refused to allow extra security. They lie about everything.......yet here you are, ready to swallow the next lie.
And that the Wuhan Red Death did not come from a Chinese Communist lab that got its funding via Dr. Fauci, and its purpose was to remove Trump….
FakeStories: Three years of Russian Collusion stories; altering documents at the DoJ and FBI to railroad political opponents; the state media burying the Hunter Biden Scandal what with Joe getting 10% of the bribes; stories about Kavanaugh rape parties, and Covington Catholic School; Carter Page working for Russia when he was actually working for the CIA….where were those ‘fact checkers’? The great lie that there was an ‘insurrection’ January 6th. The lie that it was Republicans who wanted to defund the police. The lie that Critical Race Theory wasn’t being taught.
What should you do when
they lied to you at least these 25 times already???????????
You swallowed every single one, didn't you.
