situation, you have real gdp growth, very low inflation. but for the bottom 10% of earners you have a 5.5 o 4% wage increase since becoming president. i hope he runs on that that s the right narrative. you re right i ll cede that to you he hasn t been able to make that promise. but threw there are others he has been coming in on which his base like. i appreciate the fact nay coughed and you didn t try to end the interview. there was a moment the other day where the president was doing an interview and his chief of staff started coughing. and well here is what happened. but at some pinpoint i hope they get it because it s a phenomenal 80s fantastic financial statement. it s a fantastic financial statement. and let s do that over. he is coughing in the middle of my answer. yeah, okay. i don t like that. your chief of staff. if you got to cough please leave the room. i ll come over here. just you just can t. just to change the shot.
because they got a big cut. it is now at barely 6%, which is the lowest since 1983. when you see those numbers, it s shocking. wait, individuals are paying all the taxes to subsidize a corporate tax cut? that s completely backwards. you and i have talked about this before. so what happened is that we brought the factories back home. we had a capital spending boom. the capital spending was expensed. so temporarily, corporate expenses are down, but what did we say back in the tax debate was happening, that wages would skyrocket. there s all kinds of charts that document that s what s going on. the bottom 10% of the income distribution is seeing wage growth of about 6.5%. it s spiked if you look at the chart. it s happening exactly the way we said by having a capital spending boom in a period of low unemployment that you get an increase in wages. that you say will continue and the fed says will not.
what happened is we went from 1% growth the new normal that would be disappointing forever, to 3% growth over the last two years with deregulation and tax cuts. very aggressive pro-business and pro-worker agenda. the results are there. income growth for the bottom 10% of the population at 6 1/2% since the president was elected we created 56,000 auto jobs in america. everything has lifted off and our view is it will continue. it is continuing because the policies are working. sandra: but then this would as your report details this would assume further deregulation, more tax cuts. the big difference i was mentioning was the fact that democrats control the house of representatives now. but just remember that the tax cuts that were passed, some of them expire at the end and the president wanted them to be permanent. we re assuming congress makes
and it s it doing it precisely because the policies are working the way economists think they should. factories have come back to america, we documented that is happening in the data. we said people would be hired more and so unemployment went down to historic lows for just about every category rate we said wages would grow a lot because the factories would be competing for workers and we see that as well. i promise not to filibuster but the bottom 10% of americans saw wage growth of 6.5%. bret: jpmorgan in their forecast for 2019 said significant u.s. economic outperformance is unlikely to persist through 2019 as the sugar rush of the fiscal stimulus wanes. a lot of people said we wouldn t have a sugar rush and now we are having a sugar rush but it s not a sugar rush. people should google it, it even
every year. he said the bottom 10% have to go. to have an enterprise grow, you have got to be able to fire people. when they passed this law protecting disabled people, fewer disabled people were hired. so, all these laws meant to protect workers, make it harder to fire them makes it harder for them to get hired. it hurts workers. bill: john stossel, everybody. when we come right lack, is it legal on attorney general holder and guantanamo bay. may walk ay from a wonyelp because of a situation. ugh, my sinuses. the congestion. it s your fault. naturally, blame the mucus. well, i can t breathe. did you try of course. blowing your nose? [ both ] and nothing came out. instead of blaming me, try new advil congestion relief. what you probably have is swelling due to nasal inflammation, not mucus. and this can help? it treats the real problem of your sinus symptoms, reducing swelling due to nasal inflammation.