Our economy had the awe-uninspiring growth rate of 2% per year during ex-President Barack Obama’s (D) time in office. Now, the Census Bureau has reported that
- [r]eal median household incomes rose 1.8% to $61,372 between 2016 and 2017
- the overall poverty rate dropped 0.4 per centage points to 12.3%
- poverty rates for blacks and Hispanics fell to 21.2% and 18.3%, respectively, the lowest in more than 45 years
- the share of people earning less than $15,000 declining 0.3 per centage points
Obama didn’t build that. Those folks also think they’ve reached the point where they’ve made enough money.
On the other hand, Obama, his Progressive-Democrat cronies, and his regulators did create the very low economic baseline against which those per centages are being measured.