In his State of the Union address earlier this month, Trump proclaimed the economy to be “the best it has ever been.” The rationale for that claim is a mystery. It’s not true by any measure, writes columnist hiltzikm.
cited by Bernstein, which is produced by MIT, shows that in a household in Los Angeles with two working adults and two children, each worker would have to earn $20.28 an hour, full-time, to cover the family’s typical living expenses of $84,352. That’s a stretch for almost anyone outside the fields of law, medicine or other top professions, the MIT survey indicates.
Meanwhile, the Trump administration has been moving to shoot holes in the economic safety net by pushing initiatives that wouldand thousands off Medicaid. Trump supports a lawsuit brought by Texas to invalidate the Affordable Care Act, which would end premium subsidies for as many as 10 million Americans and could leave those with pre-existing medical conditions without access to health coverage.
, manufacturing entered a recession late last year. Layoff announcements surged during 2019, especially in states such as Pennsylvania and Michigan that would be crucial for Trump’s reelection.
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