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FJ spent the weekend making the campaign pitch to Black voters … accompanied by a giant pile of cash for Historically Black Colleges. The full frontal assault on what should be his core supporters speaks volumes. The most recent polling numbers I have seen indicated that Trump’s support among Black voters was about 20% and going up. It’s no surprise. The weaponization of the legal system against Trump is the causal factor mentioned by the talking heads. But there’s more than psychology at play. There is a stark economic case for Trump. In contrast to the MSM narrative of Trump-as-racist, the data show something very different …
Let’s look at real (inflation adjusted) wages:
Real median weekly wages of Black/African American full time employees (expressed in 1984 dollars)
BLS Data series LEU0252884600Q
Obama 1st inauguration 274
Trump inaugurated 279
Change +5
Trump inaugurated 279
Q1 2020 pre-pandemic 300
Change: +21
Biden inauguration 304
Total Change under Trump: +25
Biden inauguration 304
Today 293
Change since inauguration: -11
Change since prepandemic: -7
https://fred.stlouisfed.org/series/LEU0252884600Q
So, in Trump’s 3 pre-pandemic years, real median wages went up 5.1% overall and 7.5% for Blacks/African Americans … far better than in Obama’s 8 years.
And people are demonstrably worse off today than in 2019.
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Discussion (12)
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BHO didn’t really care. He provided it with his “fairness“ answer about tax collections. In general, progressives really don’t care about prosperity; they’d much rather have everyone living under Soviet conditions than have anyone get rich.
I would have said if perennially struggling Americans ever figure it out it would be curtains for the progressive movement, but maybe these changing votes are the first sign.
CONTRIBUTOR
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Fixed it for you. Remember, progressives believe in doing well by doing good - that is to say they prosper while everyone else suffers. Socialism is for looters and suckers.
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Aparatchiki are always OK.
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That actually reveals an important point - why aren’t they angry that Bernie has three homes and Nancy has a $20K freezer?
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And that's just "adjusted" for official inflation, right? I wonder what the numbers would be if "adjusted" for ACTUAL inflation?!?!?
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