President Donald Trump didn’t wait long to react to Jay-Z when the rapper and entrepreneur appeared on the inaugural edition of the Van Jones Show on CNN.During the program,
which aired on the night of Saturday, Jan. 27, Jones asked Jay-Z whether it’s okay for Trump “to state terrible things but put cash in our pockets,” referring to Trump’s repeated assertion that unemployment for African-Americans has dropped to tape lows.Jay-Z reacted
in the negative, stating, “It’s not about loan at the end of the day. Loan does not equate to happiness. It doesn’t. That’s missing the whole point.”
He added, “You deal with individuals like human beings. That’s the main point. It returns to the entire thing– ‘treat me actually bad and pay me well.’ It’s not going to result in happiness, it’s going to result in, again, the same thing. Everyone’s going to be sick.”
RATE EVER TAPED!”Someone please inform Jay-Z that because of my policies, Black Unemployment has actually just been reported to be at the LOWEST RATE EVER TAPE-RECORDED!
January 28, 2018 Setting aside Trump’s non-sequitur– Jay-Z didn’t conflict that the African-American joblessness rate was the least expensive ever– we questioned whether Trump has a point that the decrease is “since of my policies.”
As we’ve noted, the unemployment rate for African-Americans is presently the most affordable because the figure was first computed in 1972. In December 2017, African-American joblessness fell to 6.8 percent. The previous record low was 7 percent in April 2000 and September 2017.
Nevertheless, as we likewise kept in mind, the African-American joblessness rate didn’t exactly turn on a penny as soon as Trump took office.Black joblessness peaked at 16.6 percent in April 2010, after a historic economic downturn and when Barack Obama was president. It then fell by more than half to 7.8 percent by the time Obama left workplace in January 2017. More to the point, as we have actually kept in mind in regard to presidents of both celebrations, presidents do not deserve either full credit or complete blame for the unemployment rate on their watch. The president is not all-powerful on economic matters. Broader aspects, from business cycle to modifications in innovation to demographic shifts, play major roles.Chris Lafakis, a director at Moody’s Analytics, said that while the
jury remains out on his long-lasting record, Trump does deserve some credit for overall financial growth on his watch.In the tweet, Lafakis said, Trump”is likely recommending that his policies have boosted the overall economy, which has actually assisted black individuals in addition to whites. This is the only thing I can believe of him describing, because he hasn’t undertaken any initiatives entirely developed to benefit blacks. “Gary Burtless, an economist with the Brookings Organization, agreed that he”can not think of any specific
policy under President Trump that has particularly helped African-American workers or task applicants.”Trump can “legally argue that his stewardship has actually added to, or at least not diminished, the good economic news of the past 12 months,”Burtless stated. Beyond that, any specific link to African-Americans ‘economic fortunes is speculative, he said.” Greater stock rates and better financier confidence may sustain higher financial investment in the United States and better job growth in the future
, assisting African-Americans as well as all other workers, however that remains to be seen,”he said.The White House told PolitiFact that although the decline started on Obama’s watch, Trump has actually kept the momentum going.Our ruling Trump said that” due to the fact that of my policies, Black Unemployment has actually simply been reported to be at the LOWEST RATE EVER TAPE-RECORDED!” While African-American unemployment rates are certainly at record lows, Trump’s ability to take credit is uncertain. The rate has fallen with ski-slope consistency since about 2010, 6 years prior to Trump took workplace. And economists have always been doubtful about the ability of presidents to take either credit or blame for conditions on their watch, since lots of other aspects play into economic outcomes. Trump has taken no specific actions intended at reducing the unemployment rate for African-Americans. We rank the declaration Half Real. Share the Information PolitiFact Rating: Half Real”Because of my policies, Black Joblessness has just been reported to be at the LOWEST RATE EVER TAPED!” a tweet Sunday, January 28, 2018