To the surprise of just about no one, the New York Post has endorsed Donald Trump for re-election to the presidency. And, to that end, it has published a lengthy editorial in today’s edition explaining why.
As noted above, this was fully expected. But the reasons detailed in the Post’s editorial are important reading, particularly for undecided voters.
I will put up just one section here, which deals with the economy…
Elections are always about the economy, but never more so than this year.
So a reminder: Until the necessary shutdown to fight the coronavirus, the unemployment rate stood at 3.5 percent, the lowest in a half-century. African-American unemployment was 6.8 percent, the lowest figure since 1972.
Adults out of the workforce for years found new prospects; for 17 months of Trump’s term, there were 1 million more job openings than people unemployed.
That drove up salaries. For the first time in a decade, wage growth exceeded 3 percent year-over-year. It also narrowed the wealth gap. Between 2016 and 2019, real median incomes rose the most, 9 percent, for those without a high-school diploma. Real median incomes declined 2.3 percent for those with a college degree, mostly because older workers retired, according to the Federal Reserve’s Survey of Consumer Finances.
How did President Trump do it? First, by trusting the free market. He championed lowering the corporate tax rate to a figure more in line with the rest of the industrialized world. He cut cumbersome regulations, particularly ones rammed through as President Obama was headed out the door. He streamlined the permitting process that would delay infrastructure projects by years, sometimes decades.
…but there is much much more worth reading and thinking about. I urge you in strongest terms to use the link I provided earlier (here it is again). Forget the politics, the charges that fly back and forth. Think about the performance -what Donald Trump actually accomplished over the past four years.
If you think Trump performed well, vote for him. If you think he did not, and/or that Joe Biden will outperform Trump, vote for Biden. Either way, be sure to vote.