Thursday, July 09, 2020

OPINION_ Voters’ Choice: Growth or Stagnation

THE WALL STREET JOURNAL

OPINION   -  COMMENTARY

Voters’ Choice: Growth or Stagnation

Before the shutdown, the economy was booming. Credit Trump’s policies, not Obama and Biden’s.




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Wonder Land: Nancy Pelosi offers not a bailout but a bail-in, a nationalization of blue-state spending. Images: Getty Images Composite: Mark Kelly


By Phil Gramm and Mike Solon
July 8, 2020 1:10 pm ET

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The year began with a recovery that belied every negative cliché about the Trump tax cuts and regulatory reform. Tax cuts demagogued as giveaways to the rich were creating higher wages and bonuses for workers and producing the lowest unemployment rates on record for blacks, Hispanics, single women, the disabled and those with criminal records. Wages at the bottom were growing faster than at the top. The once-disappearing middle class was prospering and propagating again. According to the United Nations, the birthrate in the U.S. had started to rise for the first time in the 21st century. In short, the postwar prosperity...

READ MORE: https://www.wsj.com/articles/voters-choice-growth-or-stagnation-11594228240?mod=hp_opin_pos_2



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