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The Trump Boom Lifted Black Americans

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The Trump Boom Lifted Black Americans

The Wall Street Journal January 28, 2022
EconomicsOther

Before the pandemic, the economy grew in ways that mostly benefited low-income and middle-class households.

Joe Biden began his presidency with a promise to advance equity, which means favoring some races and ethnicities over others to shrink outcome disparities. Like many of his fellow liberal Democrats, Mr. Biden is tethered to the belief that black upward mobility won’t happen without coddling and special treatment from the government. Donald Trump’s record complicates such claims.

One of the most underreported stories of the Trump presidency is the extent to which black economic fortunes improved. The mainstream media presented Mr. Trump daily as a bigot whose policies would harm the interests of racial and ethnic minorities. Meantime, black economic advancement occurred to an extent unseen not only under Barack Obama but going back several generations—until the pandemic shutdowns brought progress to a halt.

Continue reading the entire piece here at The Wall Street Journal (paywall)

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Jason L. Riley is a senior fellow at the Manhattan Institute, a columnist at The Wall Street Journal, and a Fox News commentator. Based on his forthcoming book,“The Black Boom.”

Photo by RapidEye/iStock

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