Democrat members of the House and Senate largely refused to celebrate the Trump administration’s economic successes for minority communities and women on Tuesday night during President Donald Trump’s State of the Union Address.
“From the instant I took office, I moved rapidly to revive the United States economy — slashing a record number of job-killing regulations, enacting historic and record-setting tax cuts, and fighting for fair and reciprocal trade agreements,” Trump said. “Our agenda is relentlessly pro-worker, pro-family, pro-growth, and, most of all, pro-American. We are advancing with unbridled optimism and lifting high our citizens of every race, color, religion, and creed.”
“Since my election, we have created 7 million new jobs — 5 million more than Government experts projected during the previous administration,” Trump continued. “The unemployment rate is the lowest in over half a century.”
Trump then rattled off his administration’s success for minority communities and for women.
“The unemployment rates for African-Americans, Hispanic-Americans, and Asian-Americans have reached the lowest levels in history,” Trump said. “African-American youth unemployment has reached an all-time low.”
“African-American poverty has declined to the lowest rate ever recorded,” Trump continued. “The unemployment rate for women reached the lowest level in almost 70 years — and last year, women filled 72 percent of all new jobs added. The veterans’ unemployment rate dropped to a record low.”
“Under the last administration, more than 10 million people were added to the food stamp rolls,” Trump later added. “Under my Administration, 7 million Americans have come off of food stamps, and 10 million people have been lifted off of welfare.
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— Ryan Saavedra (@RealSaavedra) February 5, 2020
Partial transcript from Trump’s State of the Union Address:
From the instant I took office, I moved rapidly to revive the United States economy — slashing a record number of job-killing regulations, enacting historic and record-setting tax cuts, and fighting for fair and reciprocal trade agreements. Our agenda is relentlessly pro-worker, pro-family, pro-growth, and, most of all, pro-American. We are advancing with unbridled optimism and lifting high our citizens of every race, color, religion, and creed.
Since my election, we have created 7 million new jobs — 5 million more than Government experts projected during the previous administration.
The unemployment rate is the lowest in over half a century.
Incredibly, the average unemployment rate under my Administration is lower than any administration in the history of our country. If we had not reversed the failed economic policies of the previous administration, the world would not now be witness to America’s great economic success.
The unemployment rates for African-Americans, Hispanic-Americans, and Asian-Americans have reached the lowest levels in history. African-American youth unemployment has reached an all-time low.
African-American poverty has declined to the lowest rate ever recorded.
The unemployment rate for women reached the lowest level in almost 70 years — and last year, women filled 72 percent of all new jobs added.
The veterans’ unemployment rate dropped to a record low.
The unemployment rate for disabled Americans has reached an all-time low.
Workers without a high school diploma have achieved the lowest unemployment rate recorded in United States history.
A record number of young Americans are now employed.
Under the last administration, more than 10 million people were added to the food stamp rolls. Under my Administration, 7 million Americans have come off of food stamps, and 10 million people have been lifted off of welfare.
In 8 years under the last administration, over 300,000 working-age people dropped out of the workforce. In just 3 years of my Administration, 3.5 million working-age people have joined the workforce.
Since my election, the net worth of the bottom half of wage-earners has increased by 47 percent — 3 times faster than the increase for the top 1 percent. After decades of flat and falling incomes, wages are rising fast — and, wonderfully, they are rising fastest for low-income workers, who have seen a 16 percent pay-increase since my election. This is a blue collar boom.
Real median household income is now at the highest level ever recorded!
Since my election, United States stock markets have soared 70 percent, adding more than $12 trillion to our Nation’s wealth, transcending anything anyone believed was possible — this, as other countries are not doing well. Consumer confidence has reached amazing new heights.
All of those millions of people with 401(k)s and pensions are doing far better than they have ever done before with increases of 60, 70, 80, 90, and even 100 percent.
This report has been updated to include additional information.