Financial Times columnist expertly dissects Trump’s ‘best economy ever boast’

Financial Times columnist expertly dissects Trump’s ‘best economy ever boast’

President Donald Trump regularly boasts that the United States is experiencing the “best economy ever” — but a new opinion poll conducted by the Financial Times shows that most voters clearly don’t feel that way.

Even though the United States has a low unemployment rate and a record stock market, the poll shows most Americans don’t feel they’re getting ahead thanks to sluggish wage growth.

“Persistently slow wage growth appeared to be a main driver of discontent, with 36 percent of those who said they were worse off blaming their income levels,” the Financial Times reports. “Another 19 per cent pointed to personal or family debts as the reason they felt worse off.”

Writing on Twitter, Financial Times columnist Edward Luce argues that this poll should end Trump’s claims that he’s created the greatest economy in American history.

“Two thirds of Americans say they’re worse off or the same as when Trump took office,” he writes. “In reality, it’s greatest ever for asset owners… Everyone else is just surviving.”

Read more about the poll at this link.

#story_page_ below_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.