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Another Link in A Long Chain

South Carolina, March 6, 2020

Do you remember those strange TV commercials from Tom Steyer before he dropped out of the Democrat presidential race? You know, the ones that claimed he could “beat Trump on the economy”? Those were always good for a few laughs.

This morning, we added yet ANOTHER link to the long chain of evidence proving how well our economy is actually doing. Economists missed the mark big time last month. They guessed we’d see 175,000 new jobs in February but just a few hours ago, the U.S. Labor Department SMASHED those predictions with a report showing 273,000 new jobs, more than 50% higher than economists estimated. National unemployment was 3.5%, which is the lowest level in five decades, and wage growth over the last 12 months grew by 3%. All good news.

Critics are going to criticize and that’s fine. We can all agree there are elements of our economy that Congress and the President must continue to monitor closely, and that there will always be room for improvement.

However, anyone who tries to imply that the last three years haven’t resulted in major economic success for our nation is either (A) grossly misinformed, or (B) intentionally trying to mislead. I’m not sure which one of those describes Mr. Steyer and his consultants, but I do know I’m going to miss the unintended comedic value of his commercials.