{"id":308158,"date":"2019-05-03T16:15:00","date_gmt":"2019-05-03T20:15:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=308158"},"modified":"2019-05-06T16:04:50","modified_gmt":"2019-05-06T20:04:50","slug":"08-trump-did-it-the-american-economy-is-the-envy-of-the-world","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2019\/05\/03\/08-trump-did-it-the-american-economy-is-the-envy-of-the-world\/","title":{"rendered":"Trump Did It! The American Economy Is the Envy of the World"},"content":{"rendered":"

RUSH: Let\u2019s talk about this unbelievable United States economy, which Donald Trump said he was going to make happen. Well, no president can make it happen. What a president does is get the government out of the way. What a president does is get regulations out of the way. What a president does is get taxes out of the way. And that unleashes the natural yearning and competitive spirit, the innovation, the creativity of the American people, and it is paying off because the American people are the U.S. economy engaging in commerce.<\/p>\n

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The United States is now the envy of the world. And make no mistake about it, for all the Ilhan Omars and all of the Rashida Tlaibs and all of the Democrats who are trying to make hay out of what a problem in the world the United States is and how the United States is to blame for Venezuela, the United States is to blame for whatever, the United States is the envy of the world.<\/p>\n

Unemployment is the lowest it has been since 1969<\/a> — that is 49 years — at 3.6%. This report is so good that the Drive-Bys can\u2019t spin it. It was funny. CNN tried in a couple of ways earlier today to spin it, but their hearts were not in it. Not even they could pull this off. A number of other Drive-By Media operations have been trying to.<\/p>\n

Let me tell you how good this is. And in a way, this is going to be a bit of a messaging challenge. The last time the unemployment rate was this low, most Americans had not been born. Do you remember the story we had earlier this week — it might have been late last week — from a Millennial complaining that they had never known and do not know prosperity?<\/a><\/p>\n

While they\u2019re living in the midst of it, they do not know it, they think. “We don\u2019t know what prosperity is. We keep hearing about these great roaring economies of the past, but we weren\u2019t even born.”<\/p>\n

And they\u2019re living in it! They are smack dab in the middle of it but that\u2019s not what they think because they\u2019re being lied to by Ilhan Omar and the rest of the Democrat Party, the Democrat National Committee presidential nominees and the Drive-By Media. But this is inescapable now. This is a hell of a stat.<\/p>\n

The last time the unemployment rate was this low, most Americans were not even born: 3.6%. That\u2019s as low as it has been since December 1969. Mr. Snerdley, what was December 1969? (interruption) Well, no, no… (interruption) Well, yeah, Nixon came into office, but it no, that … (interruption) No, December 1969… (interruption) “Oh, What a Night.” No. December 1969 is shortly after LBJ\u2019s Great Society picked up, and all of this expansion of government. Note the last time it was this low, was right before the government\u2019s massive welfare state was created.<\/p>\n

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I was 18 years old in December 1960 on the verge of turning 19. What this means is that anybody born younger than 49 years and four months ago has not been alive long enough to see an unemployment rate this low. But that doesn\u2019t even get anywhere near describing this, and what an unemployment rate of 3.6% means. Do you know what the hourly wage has hit? It\u2019s $27.77, is the average hourly wage in the U.S. economy.<\/p>\n

Meanwhile, the Democrats are running around demanding a minimum wage of $15, and yet in the private sector where there aren\u2019t any Democrat (to speak of) massive wage controls, the wage per hour is also at an all-time high. The stock market is going crazy<\/a>, as you might expect. We have 263,000 new jobs in America and… Folks, this is remarkable. You know, every day we get some snippet of economic news that blows the doors off all previous records.<\/p>\n

But it\u2019s just a little snippet, and the snippets do not have individually a lot of penetrating power, talking about the American mind. This 3.6% unemployment essentially means that everybody seeking a job has one, and they\u2019re getting record high wages. Everything the Democrat Party says was not possible, is happening. Everything they said after the Trump tax cuts, as part of their campaign in the midterms back last October and November — everything they were warning about — has turned out to be a giant dud.<\/p>\n

So all you leftists out there screaming and demanding for government-mandated $15-per-hour wages? The free market is almost doubling it! Every single Democrat presidential candidate has trashed this economy and has offered policies that will turn all of these numbers around and negative. They have nowhere to go on the economy. It is so good, they can\u2019t even say they have ways to make it better, which is what JFK did in 1960 coming out of the economic boom of the Eisenhower years.<\/p>\n

JFK was talking about (summarized), “It\u2019s time to pass the torch to a new generation. It\u2019s going great; we think we can do even better.”\u00a0 This is so good that there isn\u2019t a Democrat alive who wants it to be this good!\u00a0 That\u2019s the bottom line, if you really want to drill down and get to the truth. They are not happy, and they\u2019re gonna be doing their best to scrub this news away from the Drive-By Media.\u00a0 The Drive-Bys are gonna report it today, but they are not gonna make the issue of it that they would if it were happening under, say, an Obama or a Clinton.<\/p>\n

They\u2019re gonna bury it.<\/p>\n

And it won\u2019t be long before Barr and his supposed contempt of Congress… By the way, do you know that William Barr cannot be held in contempt of Congress?\u00a0 He can\u2019t be… (interruption) What do you mean, you don\u2019t know that? (interruption) Well, you know, why?\u00a0 He wasn\u2019t subpoenaed.\u00a0 He volunteered to appear!\u00a0 He volunteered.\u00a0 He said, “Yeah, I\u2019ll show up here for the Senate and the House,” two weeks ago, after the report. “I\u2019ll show up.”<\/p>\n

They didn\u2019t subpoena him.\u00a0 They can\u2019t hold him in contempt.\u00a0 He volunteered to show up and said, “After that show I saw in the House on Tuesday, there\u2019s no way that I\u2019m going to the Senate. Screw you guys,” or vice versa, the show he saw in the Senate.\u00a0 I\u2019m getting ahead of myself.\u00a0 They can\u2019t cite him for contempt — and Pelosi calling him a liar? This stuff… Get ready for all of this to finally start boomeranging.<\/p>\n

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But how did this economy happen, folks?\u00a0 How did it happen? It happened because Donald Trump was elected president, and there aren\u2019t any two ways about this.\u00a0 The events, the policies, changes, the innovations, whatever you want to call them that have taken place here to create the atmosphere, the circumstances for this economy to explode are the direct result of the presidential election in 2016.\u00a0 Had Hillary Clinton been elected, we wouldn\u2019t be talking about this economy this way.<\/p>\n

We would still be talking about an economic decline and how the Democrats are the people to manage that, and you\u2019d be told to lower your expectations. “Yeah, 1% economic growth? That\u2019s about right, because that\u2019s about fair, because the rest of the world isn\u2019t the growing, and it\u2019s not fair that we grow so much faster. So this is fair, this is equitable, this is equal,” we would be hearing, and you would be told and you\u2019d be giving counsel how to adjust to the new era where the United States economy is no longer going to be the envy of the world.<\/p>\n

“It\u2019s not going to be the leading economy of the world, because those days are over and we never should have experienced them in the first place.”\u00a0 That\u2019s what you would be hearing right now if Hillary Clinton had won. (chuckles) You\u2019d be so depressed that the economic news would long ago have ceased to be (sigh) a thing you pay attention to.\u00a0 Donald Trump pushed a bunch of recalcitrant Republicans to pass his tax reform bill, and you remember all of the apocalyptic predictions that emanated from that.<\/p>\n

And not a single one of those predictions, including what happened to the blue states and all that who were supposedly targeted, came true. Economists are admitting that those predictions fell flat.\u00a0 This has been an ongoing, massive cutting of regulations that has not been getting a lot of news, but these are regulations that stifle innovation, stifle entrepreneurism and stifle creativity. And they have slowly and surely been swept away, erased, and gotten rid of.\u00a0 Trump is also winning the war on the trade deficit.<\/p>\n

The trade deals that Trump has made are starting to redound to our benefit.\u00a0 So that age-old political question, “Are you better off than you were four years ago?” You are; everyone everywhere is.\u00a0 There are no two ways about it.\u00a0 It\u2019s simply stunning, and it is validating.\u00a0 It\u2019s validating to all of us who know that if a little conservatism is applied to the United States economy and our culture and society — and a bunch of leftist impulses are kept at bay — that this economy can continue to grow and knows no bound.<\/p>\n

We conservatives instinctively know this because of our instinctive trust in and belief in the American people, the people who make this country work — the people the Democrat Party thinks are incompetent and incapable of living on their own and of going through life making the correct decisions with their own money and how they live their lives in general.\u00a0 The Democrats do not trust them.\u00a0 The real truth is, the Democrat Party knows full well this is what happens when you combine market economics with freedom and limited government and getting it out of the way.<\/p>\n

They know this is what happens, which is why they universally, consistently oppose policies that lead to days and circumstances like this.\u00a0 Larry Kudlow, one of Trump\u2019s economic advisers, was on Stuart Varney today, the Fox Business Channel. He drilled down into some of the really high points of the jobs report today.\u00a0 The largest percent of growth in jobs is in blue-collar<\/a>, hard-hat, middle-class jobs.\u00a0 And that\u2019s, he said, where most of the wage growth is, the $27.77-an-hour wage now in America.\u00a0 This is an average number, of course.<\/p>\n

These are the people that the Democrat Party decided to politically throw overboard back in December 2011 and, instead, make a party comprised of every minority group they can find or create or make and then combine all those people into one gigantic party of victims in need.\u00a0 It was November 2011; Thomas B. Edsall<\/a> writes a piece detailing the Obama administration campaign theory, and that is to jettison “white, working-class voters,” which included unionized blue-collar and hard-hat middle-class workers. They have experienced a majority of the job growth.\u00a0 In that regard, let\u2019s the grab into the number 3.<\/p>\n

I want to just remind you of a little history.\u00a0 June 1st, 2016, PBS.\u00a0 A special: “Questions for Obama,”<\/a> a town hall event in Elkhart, Indiana.\u00a0 During the Q&A with the members of the public who were there, a Carrier air-conditioning employee stood up and said (paraphrased), “O blessed Obama, I\u2019m representing the steelworkers union, Local 1999.\u00a0 I\u2019m trying to find out: What do we have left?\u00a0 All of our jobs are leaving Indianapolis.\u00a0 I see that you\u2019re doing a lot of things, but in Indianapolis, there\u2019s nothing there for us.\u00a0 I mean, what\u2019s next?\u00a0 What can we looked forward to in the future as far as jobs, employment, whatever? Because all of our jobs have left or are in the process of leaving, sir.”<\/p>\n

OBAMA: Some of those jobs of the past are just not gonna come back, and when somebody says — like the person you just mentioned who I\u2019m not gonna advertise for — that he\u2019s gonna bring all these jobs back? Well, how exactly are you gonna do that? What are you gonna do? There\u2019s no answer to it. He just says, \u201cWell, I\u2019m gonna negotiate a better deal.\u201d (sputtering) Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn\u2019t have an answer.<\/p>\n