Trump Using American Capitalism To Help The Poor https://media.townhall.com/townhall/reu/ha/2018/354/9fb9302d-b1c8-49d8-a5b7-a92129ce9611.png During Christmas week, Fox News invited me to discuss how President Donald Trump's achievements for black Americans are registering in awareness in these communities. Unfortunately, we didn't succeed in scheduling the interview. It's a subject of enormous importance not just because of what the president is doing to the benefit of low-income Americans, but also because of how he is doing it -- his approach to lifting up those not participating as they should in our prosperity. First and foremost, the American economy needed to grow. And we needed to make sure that all Americans participate and contribute. Hoover Institution's John Cochrane points out that the U.S. economy grew 3.5 percent annually from 1950 to 2000. Since 2000, it has barely choked out 2 percent per year on average. Cochrane notes that if the economy had grown 2 percent per year from 1950 to 2000, instead of 3.5 percent, average income in 2000 would have been $23,000 instead of $50,000. It appears that in 2018, because of the Trump tax cuts and deregulation, the U.S. economy will have its first year of 3 percent growth in over a decade. Black unemployment, 5.9 percent, and white unemployment, 3.4 percent, are at historic lows. And the gap between black and white unemployment has dramatically shrunk, showing that blacks are, in an unprecedented way, participating in the economic recovery. Looking at unemployment data from 1979 to 2016, the Federal Reserve Bank of San Francisco reports that during economic expansions, black unemployment averages 6.4 points higher than white unemployment. During economic contractions, black unemployment averages 6.9 points higher than white. ( Full story in Link below ) https://townhall.com/columnists/starparker/2019/01/02/trump-using-american-capitalism-to-help-the-poor-n2538320