In Barack Obama’s two terms as President, Hispanic labor participation dropped each of his eight years. His poor economic policies and job-killing regulations made it difficult for everyone, but the Hispanic and African-American communities were hit the hardest.
The last 2.5 years under President Trump have shown a tremendous rebound for Hispanics. Last month, the jobless rate for Latinos dropped to 4.2%, the lowest it has ever been in the history of our nation. This is why it’s quite embarrassing for many Democrats in areas of high Hispanic population to denounce the President’s efforts. They’re not only looking like fools, but in some cases they’re looking like outright liars.
Representative Joaquin Castro said last month, “Wall Street doing well does not mean that a vast majority of Latino families are doing well.”
This may be true in the past, but in the current economy Latino families are doing very well. The argument made by many Democrats is that the jobs reports are not showing how poorly people are really doing because it relies on volume. Their claim is that the only jobs being created are low-paying jobs that do not benefit anyone, especially Hispanics. But as Alfredo Ortiz noted last month in The Hill, the numbers are generally very strong for Hispanics in both volume and wages.
Contrary to Democrats claiming this is a minimum wage economy, the jobs being created are good ones. Full time jobs continue to increase at the expense of unwanted part time ones. Hispanic household income is the highest it has ever been in the United States and growing about twice as fast as the national average. Wage growth among retail and low income workers, who are disproportionately Hispanic, has been above average under the leadership of Trump. Among the 7.5 million unfilled jobs across the nation, millions pay strong middle class wages of $50,000 or more.
Where Hispanics have especially flourished is in entrepreneurship. A recent report found entrepreneurship is at its highest level in recorded history, and it is being driven by Hispanics who are nearly one-third more likely to start a business than they were in 2013 and two-thirds more likely to start a business than whites today. A recent survey found the average revenue of businesses owned by Latinos increased by 27 percent last year thanks to tax cuts. Another recent report found nearly 90 percent of Hispanic entrepreneurs plan to expand their business this year versus two-thirds for other demographics. More than 50 percent of Hispanic entrepreneurs plan to hire this year versus 25 percent for everyone else.
Democrats are stuck with trying to use propaganda and invoking racism to justify keeping the Hispanic vote in their corner. But Hispanics, like most Americans, are driven by what is best for them and their families. They might not like the GOP based on past indoctrination into the “Republicans are racists” mindset, but they’re quickly realizing the policies and economic principles put in place by the Republicans when they had control of the House of Representatives and the President have benefited them and their families greatly.
If the presidential election comes down to the economy, as it usually does, then 2020 should be a landslide for the President.
The numbers don’t lie. Jobs are way up and Hispanics are making the greatest gains as a result. But Democrats say President Trump is a racist. Looking at jobs reports show he must be the worst racist ever.
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