Just who is the real blue-collar president?
One thing we learned from the debate in Cleveland last Tuesday, when Trump wasn't interrupting, is that Joe Biden makes up numbers on the fly. There was a lot of fibbing going on. Consider this exchange between the two candidates:
BIDEN: We handed (Trump) a booming economy. He blew it. He blew it.
TRUMP: It wasn't booming.
WALLACE: Sir, wait. Is it fair to say he blew it when ... there was record low unemployment before COVID?
BIDEN: Yeah. Yeah, because what he did, even before COVID, manufacturing went in the hole. Manufacturing went in the hole.
He went on to say that President Barack Obama created manufacturing jobs, but they fell under President Donald Trump.
The claim that Trump "blew it" when he became president is quite a claim given that the unemployment rate, the poverty rate, the interest rate and the inflation rate hit all-time lows in 2019, according to the Census Bureau and the Department of Labor. Employment, wages, median incomes and wealth hit an all-time high. Median households saw a $6,400 gain in real income in three years under Trump, compared with the approximately $4,000 increase made in eight years under Obama and Biden. As one who served as an economic adviser for Trump, I can say definitively that these were exactly the results from our tax cuts, deregulation efforts and pro-America energy policies. They worked like a charm.
One of our proudest results was the surge in blue-collar employment under Trump.
Here are the numbers for the eight years of Obama's presidency and the first three years under Trump (prepandemic):