#keepamericagreat

How the Bottom 50% in the USA have fared over the last 30 years

fredgraph (3)

Thanks to the SOTU, this chart from the St Louis Fed (FRED) gives us a great read across on how the Bottom 50%’s fortunes have fared over time.

Since the series began, FRED shows their aggregate wealth peaked in 2Q 1991 at $4.3 trillion. In Q1 2009, that net wealth plummetted 61% to $1.7 trillion. It sunk to a rock bottom of $300 billion in 2Q 2011, 93% down.

Under Obama, net worth for the Bottom 50% declined from $1.7 trillion in 1Q 2009 to $1.1 trillion, down 35% over his two terms. This might do some explaining as to why the “forgotten” wanted large scale change.

Under Trump, the latest net worth is back to $1.6 trillion. Still well off the highs of 3-decades ago, but one imagines if things keep improving out to November, then these people won’t want to risk their fortunes reversing again.

Of course, many will ponder the unfair wealth gap of the Top 1% at $34.5 trillion in the latest figures.

Democrats should be outraged that the ultra-wealthy have done much better under Obama with a 100% gain in net worth under his term vs the paltry 15.3% so far under Trump. Is this the real reason why Nancy Pelosi is so upset?

If you want to see how much members of Congress are worth please check out Roll Call. While some politicians come from inherited wealth, many on the public purse have managed to do pretty well on a paltry government salary.

Whose state of mind should be shredded? Fact checking Trump’s SOTU claims

Really? Nancy Pelosi defended her actions at the SOTU by saying she “shredded his state of mind!

We fact check Trump’s claims below beyond the unemployment figures we put forward yesterday.

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CLAIM: “In 8 years under the last administration, over 300,000 working-age people DROPPED OUT of the workforce. In just three years of my administration, 3.5 MILLION working-age people have JOINED the workforce.”

TRUE

During Obama’s two terms in office, the participation rate dropped from a high of 65.7% to 62.7% by the end. Since President Trump took office, the rate has grown from 62.8% to 63.2% which sums to c.3.7 million more people joining the workforce.

Source: BLS

——

CLAIM: “The median household income is now at the highest rate ever.”

TRUE

The U.S. Census has been tracking median household income since 1984. In 2018, the last year recorded by the U.S. Census Bureau, household median income was at $63,179, the highest number recorded.

Source: Census Bureau

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CLAIM: In the Democratic response, Michigan Governor Gretchen Whitmer said that more than 275 bipartisan bills sit on Senate Majority Leader Mitch McConnell’s desk.

TRUE

Source: Congress roll calls

——

CLAIM: “Under my administration, seven million Americans have come off food stamps and 10 million people have been lifted off of welfare.”

TRUE

“Food stamps” aka U.S Supplemental Nutrition Assistance Program (SNAP) data shows seven million less people than there were before President Trump took office. Medicaid and Children’s Health Insurance saw a roughly 4.7 million person decrease.

Source: SNAP

——

CLAIM: President Trump claimed that America has gained 12,000 new factories under his administration after losing 60,000 factories under the previous two administrations.

TRUE

The Bureau of Labor tracks manufacturing establishments every quarter. US had 398,837 factories at the start of Bush’s presidency in 2001 and 343,972 manufacturing establishments at the end of Obama’s presidency in 2017. That’s a drop of 54,865. The preliminary data for 2Q 2019, reveals 356,046 factories. +12,074 since 2017.

Source: BLS

——

CLAIM: “Thanks to our bold regulatory reduction campaign, the United States has become the number one producer of oil and natural gas in the world, by far.”

SLIGHTLY MISLEADING

According to the U.S. Energy Information Administration, the U.S. has been the #1 producer of oil and natural gas in the world since 2013 before Trump took office.

Source: USEIA

——

CLAIM: “Since my election, the net worth of the bottom half of wage earners has increased by 47 percent, three times faster than the increase for the top one percent.” 

TRUE

Federal Reserve Bank of St. Louis (FRED), the reports the net worth of the bottom half of the population was $1,070,183mn at the start of 2017. As of the third quarter of 2019, it was 1,668,034mn. That’s an increase of 55.86%, more than Trump quoted. The Top 1%, had $29,955,829mn. In 3Q 2019, it was $34,533,370mn, or 15.3%

Source: FRED Top 1% and Bottom 50%

——

CLAIM: “I have raised contributions from the other NATO members by more than $400 billion, and the number of allies meeting their minimum obligations has more than doubled.” 

TRUE

NATO Europe and Canada are expected to raise defense spending by a cumulative $400 billion US dollars by 2024 to meet the 2 percent of GDP obligations – though those obligations were agreed to in 2014.

Source: NATO

——

CLAIM: “Last year, our brave ICE officers arrested more than 120,000 criminal aliens charged with nearly 10,000 burglaries, 5,000 sexual assaults, 45,000 violent assaults and 2,000 murders.” 

TRUE

Source: ICE

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CLAIM: “As a result of our unprecedented efforts, illegal crossings are down 75 percent since May — dropping eight straight months in a row.”

TRUE

May, 2019 saw 144,116 apprehensions. Arrests have dropped every single month since that rime, reaching 40,620 in December, 2019. January data not released but apprehensions down 72%.

Source: CBP

——

CLAIM: “In the last three years, ICE has arrested over 5,000 wicked human traffickers.” 

TRUE

ICE has made 5,387 human trafficking arrests.

Source: ICE

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CLAIM: “We have now completed over 100 miles and will have over 500 miles fully completed by early next year.”

MOSTLY TRUE

Acting Homeland Security Secretary Chad Wolf announced the completion of the border wall’s 100th mile. 400-450 miles of wall would either be completed OR under construction by the end of 2020 — not 500.

Source: DHS

——

CLAIM: “Since 2016, the violent crime rate in America has fallen nearly 5 percent after rising each of the two years before President Trump took office.”

TRUE

Violent crime fell 4.5% between 2016 to 2018. Preliminary 2019 numbers show a further decrease.

Source: FBI

——

CLAIM: Trump claimed drug overdose deaths declined for the first time in nearly 30 years.

TRUE

2018 was the first time in nearly 20 years that the number of drug overdose deaths declined and only the second time in nearly the last 30 years.

Source: CDC

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CLAIM: “Three years ago, the barbarians of ISIS held over 20,000 square miles of territory in Iraq and Syria. Today, the ISIS territorial caliphate has been 100 percent destroyed.”

TRUE

In March 2019, U.S.-backed forces in Syria captured the Islamic State’s last physical territory. In 2016, the ISIS held about 37,530 sq miles in Iraq and Syria.

Source: The Wilson Center

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Judging by her actions, should we believe “there is no such thing as eternal animosity.”

She sure has a strange way of showing it.

The only truth Pelosi spoke was that she “didn’t need lessons in dignity from the president.” She has that base well and truly covered.

The only truth in Pelosi was her denial.

Predictable media headlines post SOTU

As expected, the mainstream media focused on the irrelevant. We post some of the main headlines published after the State Of The Union speech. At least Bill Maher got it. Babylon Bee as ever topped the satirical view. Pelosi suggested she ripped up the speech because the other options were much worse. Talk about feeding his base.

CNNznytMaherBsbyonDaily MailNEWSGuardianSMH

Trump trounces the party of raw onion, lemon and chilli mouthwash in SOTU

Trump smashed the State Of The Union speech. Utterly exposed the Trump Derangement Syndrome within the Democrat’s ranks.

Trump has a glass jaw. This is well known. He made his feelings well known to Speaker Nancy Pelosi in his 2020 SOTU address. He snubbed her handshake and set the tone. It was juvenile and unpresidential to refuse Pelosi’s gesture but Trump wanted the optics. She was shocked. Then again their mutual hate is no surprise to anyone, especially given the impeachment farce.

Before he spoke, Trump was greeted by chants of “4 more years!

The sound of Pelosi’s applause was quieter than a one-handed clap.

Pelosi or the Democrats couldn’t raise one round of applause for record unemployment for blacks, Hispanics, veterans or disabled people. So much for identity politics, they bleat incessantly about.

Trump awarded stage 4 lung cancer sufferer Rush Limbaugh with the Presidential Medal of Freedom. Not even Pelosi could extend any warmth for his achievements, let alone his ailment.

You have to hand it to Trump for rallying American greatness. As a media man, he knew exactly how to win the crowd with his special guests.

He spoke of an 8th grader who wants to join the newly created Space Force. His great-grandfather is the 100yo Tuskegee Airman, Brigadier General Charles McGee. Americans love their war heroes. It was a powerful moment.

Even awarding a child of a single mother of colour, Stephanie and Janiyah Davis, with an education freedom scholarship couldn’t bring Democrats to applaud them.

He also spoke of his repudiation of illegal aliens and sanctuary cities. He spoke of Rocky Jones who was shot 8 times and killed at a gas station. He was murdered by an illegal immigrant who was released by a sanctuary city. Trump said he wants to pass legislation to allow victims to sue sanctuary cities for suffering such losses. He also stamped his disgust of giving free healthcare to illegal aliens.

He spoke of drug price transparency and introducing record numbers of generic drugs to lower the cost of medicines. Healthcare is far from perfect but steps are being made.

One of the most powerful moments was the surprise visit of Sgt Williams who was reunited with his family after a long deployment. Chants of “USA” as they embraced was one to pull at the heartstrings of a nation that is proud of its military. Probably the most exceptional moment of the SOTU speech.

Whatever bluster or fact-checking that will inevitably surface in the hateful mainstream media, much of his achievements will ultimately be weighed by the electorate come November.

During all of this, the fact was most Democrats swished a mix of raw onion, lemon and chilli mouthwash. Too bitter to accept the realities of a president that has kept a lot of promises. Staring down at their smartphones as he rattled off KPIs on the economy and the number of companies who are setting up in America. The mainstream media will talk of the handshake snub but the SOTU will be what is remembered by Americans for making them feel proud again.

On the back of the Iowa Caucus farce and his inevitable acquittal from impeachment this week, his coronation looks ever more certain after tonight.

Nancy Pelosi couldn’t wait for it to be over. She ripped his speech up in front of the audience, a terrible look especially given her bitterness. It is hilarious to think on so many issues the Democrats couldn’t celebrate successes of their own citizens.

Trump 1 Democrats 0.

NB – he didn’t mention Iowa or impeachment once.

Obama vs Trump – Gallup Poll

Gallup has released the following poll which compares America at the end of the Obama-Biden second term to the Trump-Pence presidency to date.

Under Trump-Pence, the economy is better (+22 points), the country is more secure against terrorism (+18), the military is stronger (+15), the streets are safer (+9 points).

Race relations advanced 14 points, from 22% at the end of the Obama administration to 36% this month. Blacks and other minorities are recorded 9 points better off under Trump than Obama.

Decreased satisfaction vs Obama for the Trump team was as follows:

Abortion -7%

Immigration -6%

Environment -6%

All in all, the net satisfaction of the 27 categories saw the highest number since 2005.

As all politicians know, “it’s the economy, stupid!

The survey was conducted across 1,014 people. How representative of 330 million? What needs to be pointed out is that the survey is consistent in the number polled over the years. The numbers are so strong that some might question whether there was a large Republican bias.

If the poll is remotely accurate, the Democrats must question how they tackle the mood over the coming 10 months given the impeachment saga and a field of disjointed candidates.

Trump Derangement Syndrome heads to the Senate

Above is a headline from the Washington Post. Only that it is dated 20 Jan 2017. Yes, that’s right. 2017. Yes, Democrats still can’t accept that Hillary lost and have had a sole purpose to impeach him on something…anything since he was inaugurated.

There are zero surprises that Trump would be impeached by the House. There will be fewer surprises that the Senate will exonerate him.

The Democrats still cling to this notion that voters shouldn’t be allowed to decide for themselves. Democracy is too dangerous in the wrong hands. We always said mud wrestling with Trump was a bad idea.

The GOP will return serve in the same manner in the Senate as was done to them in the House by the Democrats and we will hear the mainstream media indulge in more Trump Derangement Syndrome quoting Democrats screeching at how unfair it all is.

In the process, Trump gets more free 24/7 TV broadcasts while Mike Bloomberg has to battle for air on the campaign trail talking about mass shootings under Trump.

There will be a million comments out on the impeachment subject but all FNF Media can say is “never disturb an enemy when (s)he’s making a mistake.”

Trump 2020. The Democrats are really do suffer from a mental disorder. Looking forward to WaPo’s unbiased coverage and fact checking department which should unite with CNN to tell Americans that President Trump is an evil man.

Biden’s vote-winning strategy

Always a useful show of character when one has to use ad hominem attacks – weight, fitness, age and intelligence to defend a position against an 83-yo. And no, Trump is no saint when it comes to hurling insults. Although the difference between Trump & Biden is that the former is well known for that persona from his reality TV days whereas the latter is trying to deny his bitterness which extends to challenging an octagenarian to a push-up contest.

Yet none of it really matters. The most revealing sign of Joe Biden’s campaign is that Barack Obama, the man who called him the “best vice president America has ever had” and bestowed upon him a Presidential Medal of Freedom, has said absolutely nothing to support him in his presidential campaign. Tells us all we need to know.

But it gets worse. Rasmussen Reports noted, “59% of Democrats say it’s important for their party to choose a woman or person of colour as their presidential or vice-presidential nominee, including 26% who feel it’s Very Important.

Now that Harris is out and Elizabeth Warren is taking, what will they do if a cantankerous old jock gets the nomination?

Impeachment hearings haven’t swung voters

Rasmussen Reports notes overnight that

Forty-five percent (45%) still believe the president will be reelected in 2020, basically unchanged in surveys over the past year. Twenty-six percent (26%) say he will be defeated by the Democratic nominee, but this finding has been trending down from 33% in late July to 28% two months ago.”

“…Meanwhile, 46% of voters think the House hearing should be expanded to look at the involvement of Biden and his son Hunter in Ukrainian political affairs. Forty-three percent (43%) disagree, while 11% are undecided.”

CM has often said the best way to destroy Trump is to starve him from media oxygen. Yet the mainstream networks and newspapers give him non-stop 24-7 coverage meaning that he gets all this free publicity on a loop. Feeding off the Trump Derangement Syndrome, the media publishes ever more hysteria over trivial matters (e.g. spelling mistakes on Twitter) that just turn the audiences off and makes them look stupid.

Donald Trump Jr’s new book #1 on NYT Best Sellers list

Donald Trump Jr. was quick to share the good news of hitting NYT’s #1 best sellers ranking, on Twitter.

“I dedicated #Triggered to the Deplorables and you guys made it #1… let’s do it again at the voting booth in November. You are the best!!! #MAGA”

Liberal heads must be exploding.