AND THEN THERE ARE THE FACTS: Hakeem Jeffrries, Meet the Best U.S. Economy in Decades

The Democrat’s leader in the House of Representatives must not get out much because a recent claim of his exposes a deep ignorance of what’s happening in the real world - Mark Tapscott's Copy Desk

Here’s the claim House Minority Leader Hakeem Jeffries made on X in a September 26 tweet: “Republican policies have tanked the economy. And the American people know it. Time for dramatic change.”

“IN FACT, the rate of inflation, real median income growth, and the poverty rate are all better under Trump and a Republican Congress than they were under Biden and a Democrat Congress. 

Here are the specifics:

• Average annual inflation during Trump’s second term (with Republicans controlling both the House and Senate) has been 2.9%, which is 41% below the 5.0% average under Biden and 55% below the 6.5% average under Biden while Democrats controlled both the House and Senate.
• Real median household income, which is published only on an annual basis, grew from $85,210 to $87,460 during the first year of Trump’s second term, or by 2.6%, which is 445% higher than the average annual growth rate of 0.5% under Biden and markedly better than the average annual decline of 1.3% under Biden and Congressional Democrats.
• The poverty rate, which is published only on an annual basis, was 10.2% during the first year of Trump’s second term, which is the lowest level ever recorded in U.S. history, 9% below the average annual rate of 11.2% under Biden, and 13% below the average annual rate of 11.6% under Biden and Congressional Democrats...