Joe Biden has been fact checked on a statement he made last night claiming that the economy, under Trump, is not working for everyone, specifically not for the poor and the middle class.
He claims the middle class is getting “crushed.”
How true is that? Not very true at all! Blue collar wages are rising faster than any other group.
They saw a 3.1% increase just in the last year.
In 8 years of Bush, real wages rose by $400, and under eight years of Obama, the gains were only $1,043. By comparison, in under three years, real wages rose by $5,000.
In addition, the unemployment rate is the lowest it’s been in 50 years and the economy keeps churning out new jobs on a regular basis.
There you have it, exactly the kind of success President Trump promised you if he was elected.
Vice President Joe Biden said Thursday that middle class Americans were not benefiting under President Donald Trump’s booming economy.
“I don’t think they really like the economy,” Biden said when asked at the PBS/Politico Democrat presidential debate about the difficulty of running for president in a strong economy.
Biden said the middle class was getting “killed” and “crushed” by the Trump economy.
“The idea that we’re growing, we’re not growing, the very wealthy are growing,” he claimed. “Ordinary people are not growing. They are not happy with where they are and that’s why we must change this presidency now.”
Verdict: False.
According to statistics revealed by Sentier Research, the median or average-income family has seen their annual income grow by about $5,000 since Trump took office.
Under eight years of George W. Bush, income gains only increased $400, and under eight years of Obama, the gains were only $1,043.
Working-class Americans are also experiencing wage gains under Trump’s economy for the first time in a decade, and most Americans got a tax cut as a result of Trump’s tax reform.
