Harrop: Excuse the middle class for not joining Trump’s parade

A softening economy, scant progress on trade and tax cuts for wealthy have few feeling enthusiastic.

By Froma Harrop

Syndicated columnist

The American people have been ordered to celebrate the 10-year anniversary of the economic recovery. Note the lack of balloons, however, and that the marching bands have their feet up.

President Donald Trump, of course, is a brass section unto himself. He’s been trumpeting the “Trump economy,” even though nearly eight of those 10 years were under Barack Obama.

Consider this recent presidential tweet: “More people are working today in the United States, 158,000,000, than at any time in our Country’s history. That is a Big Deal!”

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

That is a good thing, but a big deal? No. First off, there are more people in the U.S. than ever before. More to the point, only 20,000 nonfarm payrolls were added last month. That prompted this sober headline from CNBC: “Job creation grinds to a near-halt in February.”

Stock investors have enjoyed a very nice run (as they did in the Obama years). But down in the trenches of blue-collar America, things aren’t nearly as hot. Factory workers are finding plenty of jobs, and their wages are creeping up. But solidly middle-class paychecks, once the pride of our manufacturing economy, have not returned.

The happy message clashes with reports that a record number of Americans died in 2017 from alcohol, drugs and suicide. These largely self-inflicted tragedies have been called “deaths of despair.”

Of course, it’s not only about money. The loss of strong families has left many troubled people bereft of help, love and solace when hopelessness takes over.

But add in threats to the government benefits important to working Americans, and you have major-league anxiety. Of special concern is the Affordable Care Act, which the Trump administration is doing its best to dismantle. For many families facing health crises, medical coverage is all that stands between making do and destitution.

Candidate Trump played the self-made billionaire, promising to do for struggling Americans what he did for himself. (Actually, his father gave him $413 million in today’s dollars.) Upon being elected, he continued to do for himself, while delivering daily pep talks to working folk.

His tax cut sent nearly all the benefits to the top incomes. The savings for the lower incomes were meager and designed to expire shortly.

It can’t be said that the tax cuts did nothing to goose the larger economy. They did, but that magic is about to expire. And by the way, it was all done with borrowed money.

The trade war spectacle has taken a bite out of the economy’s animal spirits. The marquee event is the battle with China. One hopes that Trump will succeed in stopping China’s very unfair trading practices: illegal government subsidies, biased regulations and theft of intellectual property.

But his announcement that China may guarantee purchases of U.S. soybeans sets off a long yawn. The Chinese were importing enormous shiploads of soybeans before Trump launched the trade war.

As a commodity trader told Bloomberg News, “The markets are a little tired of some of the ups and downs and the eight- or 12-hour news cycle of tweets.” Oh, yes, the trade deficit — a Trumpian obsession — is now the highest in 10 years.

Trump routinely deafened Twitter with his promise of 4 percent growth in the economy. The gross domestic product hasn’t even passed 3 percent for any year. Better times, meanwhile, are not yet to come.

Economists see the economy softening, and the manufacturing sector seems to know it. “SC businesses brace for eventual recession,” says a pessimistic headline in The (Charleston, South Carolina) Post and Courier.

When the downturn does come — and the exploding deficits start biting — Republicans will almost surely call for cuts in benefits that working people rely on. Mudville, be fair warned.

Follow Froma Harrop on Twitter @FromaHarrop. Email her at fharrop@gmail.com.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Opinion

toon
Editorial cartoons for Saturday, May 24

A sketchy look at the news of the day.… Continue reading

A Lakewood Middle School eighth-grader (right) consults with Herald Opinion Editor Jon Bauer about the opinion essay he was writing for a class assignment. (Kristina Courtnage Bowman / Lakewood School District)
Youth Forum: Just what are those kids thinking?

A sample of opinion essays written by Lakewood Middle School eighth-graders as a class assignment.

Comment: U.S. diabetes epidemic is far more than medical issue

Much of it has to do with ‘red-lining,’ creating boundaries based on race and economic status.

Comment: Many veterans came home, fighting a war with addiction

Abuse of alcohol and drugs is common among vets, but services are available to individuals and families.

Comment: State worker pay raises behind $10B in tax increases

Gov. Ferguson missed his chance to pare tax increases that will hurt residents and businesses.

Forum: The magic created behind branches of weeping mulberry tree

The mature trees offer a ‘Secret Garden’-like room favored by children, one I hope to return to someday.

Forum: Holding on to hope even as the images fade from view

Like fleeting after-images on our retinas, how do we cope with the longer-felt losses all around us?

toon
Editorial cartoons for Friday, May 23

A sketchy look at the news of the day.… Continue reading

A visitor takes in the view of Twin Lakes from a second floor unit at Housing Hope’s Twin Lakes Landing II Wednesday, Feb. 22, 2023, in Marysville, Washington. (Ryan Berry / The Herald)
Editorial: Housing Hope’s ‘Stone Soup’ recipe for community

With homelessness growing among seniors, an advocate calls for support of the nonprofit’s projects.

Schwab: Words, numbers mean what Trump and cadre say they mean

It’s best if you 86 past and present; they only keep you from accepting what’s happening around you.

Time for age, term limits for all politicians

I think we’re all getting weary about how old and decrepit our… Continue reading

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.