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Wednesday, January 24, 2018

The New Revisionism

The Democrats and the media have started to recover from the shock of the success of the tax cut law in generating major benefits for millions of average American workers.  We all have seen how literally millions of employees got large bonuses or higher wages as a direct result of the passage of the tax cuts.  Those bonuses began on the day the law was signed by President Trump.  As of now, between three and four million workers are getting bonuses of at least $1000.  Many others work for companies that raised pay, particularly for starting or low-level employees.  The tidal wave of raises has washed over the country and the while the media has not emphasized the phenomenon, they have had no choice but to report it.  Now, however, we are starting to see the excuses from the left wing about what the raises really are.  The new ploy is to say that the bonuses and raises are just the product of a tight labor market and that such a tight labor market is something for which president Obama deserves credit.  I've now seen four different articles that make this supposed "point". 

It's really sad that the Democrats and the media feel compelled to push a view that is so obviously at odds with the actual reality.  The law gets signed and within two days roughly 1.5 million workers get bonuses from multiple companies that credit the passage of the tax law as the reason for those bonuses.  That's the actual fact.  Now the "experts" are telling us on the mainstream media that despite what the companies say, the tax law and the raises were unrelated and the bonuses were just the inevitable result of things that Obama did years ago which had never before resulted in rising wages.  That's absurd.

I wonder if the "experts" who are pushing this political nonsense actually expect anyone to believe it.  I guess it is the same as the "experts" who credit Obama rather than Trump with the surge in the stock market which began the day after Trump won the election and continues until today. 

 

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