WASHINGTON – U.S. Sen Chuck Grassley of Iowa released the following statement on the alleged booming U.S. economy and wage growth.
“For years, Washington talking heads said Americans should just get used to the ‘new normal’ of stagnant growth under former President Obama. They were wrong, and today’s economy proves it. Americans are back to work and wages are rising. Thanks to the Republican agenda, the American economy is booming again. Workers, employers and small business owners are all more optimistic than ever. This holiday season, Americans will have more money in their pockets, more financial security for their families and more hope for their futures. That’s something everyone should be able to celebrate.”
Grassley’s tweet about today’s economic report can be found here. Grassley recently wrote an op-ed on how tax cuts and reform legislation is working for Iowa.
Economic data provided by the White House to Grassley’s office can be found below.
Iowa has demonstrated strong economic growth during the past year, with steady job gains in manufacturing, a declining unemployment rate and impressive gains in median income.
- The Tax Cuts and Jobs Act is estimated to lead to a 7.1 percent increase in wage and salary income for Iowa’s average household and increase median wages by $4,128.
- The unemployment rate in Iowa has fallen one percentage point since the election of President Trump and is the second lowest unemployment rate in the United States at just 2.5 percent.
- Monthly initial claims for unemployment insurance in Iowa have fallen by nearly 14 percent since President Trump was elected and recently reached their lowest level since 1999.
- Real median household income in Iowa increased by 5.2 percent to reach $63,481—the highest level ever recorded.
- Over a half a million customers have seen utility rates slashed in Iowa as a direct result of the Tax Cuts and Jobs Act.
- Under President Trump, the percent of Iowans living below the poverty line decreased by 0.7 percentage points to 9.1 percent, reaching the lowest point since 2007.
- Manufacturing is Iowa’s fastest growing sector, with total manufacturing employment increasing by 6.2 percent since the election. Year-over-year job growth in Iowa manufacturing recently reached its fastest pace since 1998.
Obama the bullchitter – Hell he doesn’t even know where he was born – Had to have the Comey crooked aspect of the FBI make him up a false birth certificate. 9 computer overlays to get it perfect – and American citizens are supposed to gobble up this B.S. ?
That OLD geezer has more common sense and has seen the corruption of the democrats and their Anti American agenda since 9/11 some called New World Order – socialism – communism – U.N. agenda 21 – ALL call for destruction of AMERICA – Thank GOD for Donald Trump – just look in the bible and reference to the word TRUMPET !
Guess you democraps are forgetting the 800 BILLION dollar bailout that You Obammanites gave to the wall street bankers bailout. Only the rich and the liars gain under liberal socialism used by the demonrats.
VOTE MAGA !!
The liberals are so damn stupid campaigning for Obamacare or Affordable healthcare act ??? How the hell is that working for you the cost is out of control because of it !!!
God plus Trump is a majority !!
Vote JOBS
Not MOBS
Grassley used ti be a pretty fair Senator, but now the senile old geezer is spouting lies and BS. He has just become a partisan political hack and a Trump whore.
And, you specialize in unsubstantiated slander and childish name-calling. Do you expect to win adults over with that?
Who takes credit for the burgeoning deficit the Republican tax bill created. Way to kick the can up the road, Chuck.
Obama and his high crime family which includes Hillerey Clinton -Brennen-Clapper-Comey-Rosenfield-Ohr’s – Fusion GPS Mueller – and that crooked instigator of Fast and Furious Eric Holder – should ALL BE IN PRISON. Sure they are now there to take Trumps accomplishments but hiding in their thieving SWAMP when they HAD the POWER. The MSM were totally in bed with these crooks. All they wanted to do is LINE THEIR POCKETS. scum
TRUMP HAS REVERSED OBAMA’S STUPID REGULATIONS, CUT TAXES, BROUGHT STEEL BACK HOME REDID NAFTA, GIVING THE U.S. AN EVEN PLAYING FIELD IN TRADE OVERSEAS AND BROUGHT UNEMPLOYMENT TO A VERY LOW NUMBER. HE HAS CREATED SO MANY JOBS IT IS HARD TO FIND WORKERS. HE DID THIS AND SO MUCH MORE IN LESS THAN 2 YRS. WOULD LIKE TO HEAR FROM OBAMA SUPPORTERS WHAT OBAMA DID IN 8 YRS.
President Obama put this country back on the road that Trump has taken credit for without ruining the environment. The stock market TRIPLED on his watch. He helped enact regulations that would curb big banks from sending us down the road to recession while Donald J Trump has abandoned those rules saying big corporations and big banks need to be trusted to do the right thing. That is how the recession of 2008 came about in the first place. More people were able to have insurance due to the ACA. The biggest thing was that there was intelligence and humility in the White House rather than greed and arrogance.
Never has an ex president and his party done so much to unseat and cause such disruption to a sitting president. People may not have liked Obama but Bush and his party didn’t do half the crap that Trump deals with
Liberals are such idiots
Late 2008 Bush lost 80,000 jobs a month until a Dem came in to cure that mess you POS.
If this fool wants the credit now he better be honest enough to admit it was the Republicans who led us into a recession under Bush
The only fool here is you!
Conservatives (though many are not really conservative – they are white nationalists) believe in fantasy rather than fact. They believe nothing other than what they think and look at research as too much bother. Enlighten yourself my friend, do some research.
Didn’t take much to achieve more than King Obama. But according to mainstream media, he was the chosen one. He has convinced himself he saved the world. Go away, you are no longer president.