- - Sunday, February 9, 2020

We were the first in our knowledge to use the term Blue Collar Boom to describe President Trump’s record-setting economic recovery, on this very page.

Mr. Trump’s record shows that he is making America great again, in part with the lowest unemployment since 1969, 50 years ago (during President Kennedy’s 1960s boom). That includes the lowest unemployment among African-Americans, Hispanic-Americans, and Asian-Americans in American history. With the lowest unemployment rate for women in 70 years as well, Mr. Trump is leading the most inclusive recovery in American history. 

Moreover, what Mr. Trump rightly called at Davos his “blue-collar boom” includes an all-time record in median family incomes at over $65,000. Indeed, rank-and-file workers have gotten the biggest pay raises in more than a decade, more than their bosses, with the bottom 25 percent of wage earners’ salaries rising 4.5 percent last year. 

Employed Americans have reached new records — nearly 150 million working people, with 1.85 million jobs added in 2019 (145,000 in December alone). Indeed, there are more unfilled job openings in America today than unemployed Americans. Since Mr. Trump was elected, more than 7 million jobs have been created, three-fourths of them going to women. 

With such spectacular job and wage growth, 7.7 million fewer families are receiving food stamps than when Mr. Trump became president. Unemployment insurance claims are also the lowest in 50 years.

The stock market has also boomed since Mr. Trump was elected in 2016, with all three major stock indices recently setting all-time records, the Dow, S&P 500 and NASDAQ.

This has resulted in part from the Trump/Republican tax reform passed in 2017, which Democratic presidential candidates are proposing to repeal. Say hello to renewed recession, and goodbye to your jobs and pay raises, if they get to make good on that, which would be the largest tax increase in American history. 

Such a tax increase would also crash the stock market, reversing Mr. Trump’s stock records. Say goodbye to your retirement savings as well.

Mr. Trump’s deregulation, particularly regarding energy, has made America energy independent for the first time in 75 years. Under Mr. Trump’s policies, America is now the world’s number one producer of oil and natural gas. 

Mr. Trump has also recently won historic trade deals, signing phase one of the China trade deal. And Congress finally approved the USMCA between the United States, Mexico and Canada to replace NAFTA. Next, Mr. Trump will be on to phase II with China, and also a new trade deal with the EU. And with Great Britain and new Prime Minister Boris Johnson just having finalized Brexit, we will negotiate a new trade deal with the U.K. 

Mr. Trump is also completing most of the southern border wall this year, with drastic reductions in illegal border crossings. The resulting decline in the supply of competing unskilled workers probably explains the sudden rise in wages for lower-income workers.

Additionally, the administration is straightening out the mess the federal government created by the Obama over-reach on the “Waters of the United States regulation.” Meanwhile, quietly and consistently, judicial appointments are restoring order to the much-neglected federal judiciary. 

After Mr. Trump’s celebratory State of the Union address Tuesday night, he was greeted on Wednesday with Senate acquittal on impeachment charges. House Democrats should have understood that their impeachment articles did not remotely reach the constitutional standard of treason, bribery, and high crimes and misdemeanors, as retired Harvard Law School professor and Democrat Alan Dershowitz explained. Funding went to Ukraine without any investigation of Hunter Biden after all. These are historical facts.

Indeed, the House impeachment articles do not even allege that Mr. Trump committed any crimes. Obstruction of Congress is not a crime, nor is “abuse of power.” As Mr. Dershowitz explained, maladministration or policy disagreements were explicitly rejected by the framers to justify removing a duly-elected president from office. Democrats are actually trying to shut down democracy, as Adam Schiff openly sought to rationalize.

Bottom line, 2020 is already shaping up to be a fundamental realignment election landslide, much like Ronald Reagan’s 1984 landslide over Walter Mondale, who ran promising to reverse Reagan’s historic tax cuts. Blue collar workers, once the backbone of the Democratic Party, now scorned by Democrats as deplorables, will gleefully switch to Republicans, proud to have them. 

African-Americans will begin their realignment back to the Republicans as well, the party that literally fought in the Civil War to free African-Americans from slavery. Not to mention Jim Crow segregation, and the Ku Klux Klan, further Democratic depredations. 

Indeed, Hispanics benefitting from jobs and soaring wages will also begin their realignment to Republican this year. Americans will look back to 2020 as the year that Mr. Trump finally brought Americans together, in the Republican Party. 

• Lewis K. Uhler is founder and chairman of the National Tax Limitation Committee and Foundation. Peter J. Ferrara is a senior policy adviser for the foundation and teaches economics at Kings College in New York.

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