. @VP Mike Pence & former VP @JoeBiden will be pitching economic records in Pennsylvania. It'll be interesting. But some of this isn't debatable. On personal income and GDP, PA is far better off under @realDonaldTrump.
It's just a fact. First, c/o GDP. peoplespunditdaily.com/news/economy/2…
It's just a fact. First, c/o GDP. peoplespunditdaily.com/news/economy/2…
@VP @JoeBiden @realDonaldTrump It's clear Pennsylvania wasn't suffering under @BarackObama/@JoeBiden due to the Great Recession. PA suffered B/C they were hostile to industries that make and are now making economic progress in the state. Real GDP in the state grew by just 1.7% in Q4 2016, 1.1% in 2016.
@VP @JoeBiden @realDonaldTrump @BarackObama Finance and insurance; retail trade; professional, scientific, and technical services were leading contributors in Q4 2016. Information services; professional, scientific, and technical services; and health care and social assistance were the leading contributors for the year.
@VP @JoeBiden @realDonaldTrump @BarackObama A decline in mining subtracted from U.S. economic growth, nationally, and in Pennsylvania.
By contrast, real GDP in the state of Pennsylvania rose 2.1% in 2018, up from just 1.1% in 2016. It came in at 2.9% in Q1 2019 vs. 1.7% in Q4 2016.
Why?
By contrast, real GDP in the state of Pennsylvania rose 2.1% in 2018, up from just 1.1% in 2016. It came in at 2.9% in Q1 2019 vs. 1.7% in Q4 2016.
Why?
@VP @JoeBiden @realDonaldTrump @BarackObama The difference between the Obama/Biden and Trump/Pence economies are clear. While both are predominantly service-driven, the former was all service and the latter saw a goods-producing resurgence. The latter has translated into higher wages and stronger economic growth.
@VP @JoeBiden @realDonaldTrump @BarackObama The same is true of income, spec. wages and salaries in the state of Pennsylvania.
Under the latter, the private sector grew while government sector shrunk 1.1%.
It's a difference in economic philosophies, not distance from the Great Recession.
peoplespunditdaily.com/news/economy/2…
Under the latter, the private sector grew while government sector shrunk 1.1%.
It's a difference in economic philosophies, not distance from the Great Recession.
peoplespunditdaily.com/news/economy/2…
@VP @JoeBiden @realDonaldTrump @BarackObama The Great Recession talking point -- which is really just an excuse for bad economic policy -- just doesn't hold up to scrutiny.
We see the same in the other leading states, starting in order of gains with West Virginia, Texas, and New Mexico.
We see the same in the other leading states, starting in order of gains with West Virginia, Texas, and New Mexico.
@VP @JoeBiden @realDonaldTrump @BarackObama One more point I'd like to add to this thread.
The claim "workers are being left behind" under Trump/Pence in Pennsylvania or elsewhere, is bogus. Juxtaposed to Obama/Biden, it's insulting.
Employee comp in the first 6 months of 2019 gained $150 billion more than all of 2016.
The claim "workers are being left behind" under Trump/Pence in Pennsylvania or elsewhere, is bogus. Juxtaposed to Obama/Biden, it's insulting.
Employee comp in the first 6 months of 2019 gained $150 billion more than all of 2016.
@VP @JoeBiden @realDonaldTrump @BarackObama Percentage gains in personal income, again, particularly wages and salaries, are higher for workers. Average hourly earnings have been solid, but even more-so for non-supervisor roles.
Also known as... average working Americans.
It's rhetoric vs. reality. That's the debate.
Also known as... average working Americans.
It's rhetoric vs. reality. That's the debate.
