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Who prospers when the economy is strong?

Asked by Yellowdog (12216points) May 28th, 2018

I was in college in the Reagan years and again shortly after the Reagan years. Reagan was a conservative Republican with economic policies similar, though not identical, to the current administration.

I remember all the critics of Reagan saying that “The Rich are getting richer and the poor are getting poorer” and I sort of believed it and went along with it although I did not particularly see it myself But when I was in college again AFTER the Reagan years, my sociology professor showed me that EVERYONE prospered in the 1980s under Reagan.

We are seeing 4.1 percent economic growth under Trump whereas under Obama it never got much above 2.1 percent. Health Care reform is being stalled and obstructed by politicians, so some things aren’t getting better but most things are. The main optimism I see personally is that jobs are available again and people are hiring.

So, once again, I ask in my ignorance and stupidity, who is losing now, in this improving economy? Are the rich getting richer and the poor getting poorer? It doesn’t appear that is happening.

Nothing Trump has done has changed the Affordable Care Act thus far. So the health care debacle is not changed. But the economy is improving. Who is losing right now?

Does everyone prosper when the economy is strong? It seems they would, no matter what kind of administration is in office.

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