Sunday, July 25We Break the News

Tag: DONALD TRUMP LATEST UPDATES 2020

AMERICA: Trump’s “Blue Collar Boom:” Myth vs Reality.

AMERICA: Trump’s “Blue Collar Boom:” Myth vs Reality.

Business
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. The reality is very different than the fantasy which Trump delivered over the country’s airwave...
error: Content is protected !!