Posted: 09/13/16 13:03
by Dave Mindeman
Here is something to ponder....
The incomes of typical Americans rose in 2015 by 5.2 percent, the first significant boost to middle-class pay since the end of the Great Recession and the fastest increase ever recorded by the federal government, the Census Bureau reported on Tuesday morning.
You are going to get two completely different takes on that from any Republican or any Democrat. A Democrat will say this is proof that our economy is headed in the right direction. Republicans will either ignore it or simply state it is not true.
The problem with economic numbers is that you can almost always talk about these numbers with opposite arguments. You can make them say whatever you want them to say.
Donald Trump has made trashing the economy the focus of his campaign. After all you can't make America great AGAIN, if it already is great.
And, when you get right down to it, there are always enough people, in good times and in bad, who are dissatisfied with their economic lot.... negative aspersions will resonate with them. And there will always be enough to make a significant counter argument.
Donald Trump is pretty much wrong about everything regarding the economy. But it doesn't matter. He has managed to get a megaphone to reach out to anyone who is behind in this economy.
It is OK to do that. They need a voice. But they need a voice who won't distort the reality as well.
I would venture to say that if Donald Trump gets elected, the new spin on the economy will be that everything is fine - no changes will be needed - the magic force of him taking charge will suddenly make all of those numbers make perfect sense.
Those people who have been left behind will lose their "voice". Once Donald Trump is elected it will be back to the business of the 1% - business as usual.