African Americans and the Economy under Trump

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National Review

 

t has been six months since President Trump left the White House and Democrats are still race-baiting the former president and Republicans. Representative Byron Donalds (R., Fla.) was yet another target of Democrats’ wrath in this respect after he was denied entry into the Congressional Black Caucus because of his continued support for President Trump.

 

 

There are those who want you to believe, as President Biden said during the election, that Donald Trump was “one of the most racist presidents” ever and that the Republican Party is just as bad. Nothing could be further from the truth. Simply take a look at the economic record of the last four years.

Before COVID-19 severely impacted our social and economic lives, black Americans were seeing real benefits from lower taxes and lower regulation. The unemployment rate for blacks reached a record low of 5.2 percent and black labor-force participation reached 63.2 percent, the highest it had been since the 2008 recession.

The poverty rate for black Americans also reached record lows, while a total of 1 million lifted themselves out of poverty between 2016 and 2019. Over the same period, real median household income for black families rose over $4,000 after actually falling over the previous 14 years (2002–2016). With incomes rising so fast, it should not be surprising that black homeownership skyrocketed to 47 percent, another mark not reached since the 2008 recession.