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Meanwhile… — 3 Comments

1. Real income growth of 3.7 % for Hispanic households in 2017 isn’t part of the Trump Economy. His policies hadn’t taken affect yet.

   Furthermore, income…like GDP and Corporate Earnings…is a lagging indicator. It “changes only after the economy has begun to follow a particular pattern or trend.”The numbers reflect Obama’s policies.

   To be fair, if you want to credit Trump for 2017, look at the stock market. That’s a leading indicator…it predicts future trends.

   To be fair, again…the linked article uses census data that also shows Asian Income falling 2.2% in 2017. If true, that’s not Trump’s fault.

2. Manju:

   From the link:

   …Hispanics…were among the biggest victims of the low-growth, high-regulation economy under President Obama.

   Last week, the Census Bureau announced new household income numbers, which showed that median income for Hispanic households grew by 3.7 percent, adjusted for inflation, last year. That’s more than double the increase seen by all households. More Hispanics moved into the upper-income brackets, and fewer remained in the lower ones. That’s welcome news as the nation celebrates Hispanic Heritage Month.

   Contrast this to the Obama economy. It took until 2015 for Hispanic household incomes to finally get back to their 2006 levels. For the population as a whole, household incomes remained flat between 2010 and 2014, as President Obama rolled out one job-killing policy after the next.

   In addition to rising incomes, there are more job opportunities than ever today for Hispanics. This month, the Labor Department announced that the Hispanic unemployment rate remained at a record low — below 5 percent for the fifth consecutive month. This is less than half the unemployment rate that Hispanics faced as recently as President Obama’s second term.

3. Neo, take a look at the underlying data that forms the basis of the partisan talking points you’re regurgitating.

   On page 2, you will see the 3.7% figure that the author of the opinion piece you link to uses to lead of his article. “Median income for Hispanic households grew by 3.7 percent, adjusted for inflation, last year;” he tells us. Now take a look at the lines above that figure. -2.2 and -0.2.

   If you are to be consistent, you would have to worry that real medium income for Asians and Blacks appears to be shrinking or stagnating under the “Trump” economy.

   I am here to tell you don’t worry. There is no reasonable way to blame Trump for those figures, for the totally banal econ 101 points I made above: his policies hadn’t taken effect yet and income data is a laggard to boot.

   You can thank me later. Thank you’s are laggards.

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