AOC is Right; the Dow Jones does not Relate to the Economy of the Majority

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Trump continues to praise himself for the increasing numbers in the Stock Market. The facts reveal that policies began under President Obama’s administration are the reason the Dow is doing so well. However, the truth is that the Dow Jones numbers have nothing to do with the majority of Americans.

Wall Street is indicative of the success of the wealthy. We know that Trump and his failed party are the party of special interests, not the working class, and therefore it is no surprise that the market is strong.

So, what happens when consumers cannot afford to purchase every item sold at a retail outlet? Income inequality grows every day. When you and I find that our disposable income is in decline, what do you think will happen to the stock market?

The right-wing biased Washington Examiner attempted to discount Alexandria Ocasio-Cortez’ tweet.

“The Dow soars, wages don’t. Inequality in a nutshell.”

The Examiner attempted to follow Trump’s policy of lying about everything, claiming that wages are rising. If you make over one-million dollars a year, that is true, but income inequality continues to widen as wages are stagnant and the wealthy received gifts from Trump and his party which increase their personal wealth.

Here’s fact you will never see or hear on television news. When Trump took office in 2017, there were 545 billionaires and 10.1 million millionaires. Today, thanks to additional tax breaks for the wealthy and a dangerous and drastic reduction in the corporate tax rate, there are now 704 billionaires and 18.6 million millionaires. My wages and benefits have not increased; have yours?

“The Truth Lives Here”

Op-ed by James Turnage

SOURCE

Image courtesy of DonkeyHotey

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