In last week’s State of the Union address, President Trump gave a
rosy portrayal of the US economy. American workers, according to Trump,
have never had it so good.
“Wages,” he declared, “are rising
fast.” Household income, he claimed, “is the highest ever recorded.” The
results of Trump’s policies, since first taking office three years ago,
is a “blue-collar boom.” This coincides, according to Trump, with a 70
percent run-up in the stock market, “adding more than $12 trillion to
our nation’s wealth.” For the American ruling class, the massive profits
they are making on the stock market is the real criterion of economic
success, not the conditions of life for the working class.
reality is very different than the fantasy which Trump delivered over
the country’s airwave...