of wages and jobs is what americans will look at. you know, my attitude about the obama years, yeah, the economy did pretty well, but there s really only about the top 20% that saw gains in income and the other 80%, not much. i traveled around with donald trump and we went to places like michigan, ohio, pennsylvania, and people there were saying they didn t feel much of a recovery. well, i would say that i disagree with that. you know, if you look at the actual data on wages, the last year s wage gains were the biggest in the middle class on record that we have been keeping track of that. i get the feeling if you look at what donald trump s doing, you know, we just had the super bowl. barack obama saves us from depression, he s been the starting quarterback for seven years, and with 30 seconds left in the game, and they re way ahead, they bring in the backup. and he s going around saying i won the game! he didn t win the game.
americans saw their income grow by an astounding 275% according to the congressional budget office. the bottom fifth saw gains of only 14%. president obama mow notes income equality. the rich are getting richer and income for working americans gone down. charles krauthammer, why is this happening? it s happening because there is low economic growth. it s what kennedy said a rising tide lifts all boats. if you are obsessed with equality as they are in europe, what you end up is chronic unemployment. because the real engine of growth is low regulation, low taxation and you allow the golden goose, meaning the private economy to go ahead and to flourish. and when you overregulate and you overtax it, especially if you are doing it in the name of reducing inequality, you are going to get the opposite effect. you are going to get inqualities. in america we are never obsessed with how irish with the irish.
grow by an astounding 275% according to the congressional budget office. the bottom fifth saw gains of only 14%. president obama mow notes income equality. the rich are getting richer and income for working americans gone down. charles krauthammer, why is this happening? it s happening because there is low economic growth. it s what kennedy said a rising tide lifts all boats. if you are obsessed with equality as they are in europe, what you end up is chronic unemployment. because the real engine of growth is low regulation, low taxation and you allow the golden goose, meaning the private economy to go ahead and to flourish. and when you overregulate and you overtax it, especially if you are doing it in the name of reducing inequality, you are going to get the opposite effect. you are going to get inqualities. in america we are never obsessed with how irish with the irish.
and a company is investing in exploring what they can get out of asteroids. deep space industries says they hope to be able to mine asteroids for metals and other valuable resources by 2020. sounds cool. now here s your first look at how wall street will kick off the day. the dow opens at 13,712 after climbing 62 points yesterday. s&p and nasdaq saw gains. the nikkei shot down 222 while the hang seng fell 23. now on to wall street, where apple s earnings will be front and center today. after losing its shine in recent week, traders will be looking for any good news to offset any talks of dwindling iphone demand which could help the tech-heavy nasdaq, one index that hasn t joined the january rally. elsewhere on the earnings front, google was up after a better than expected fourth quarter report. also after hours, ibm beat earnings estimates thanks mostly to growth in emerging markets.
party. staying even in the senate and then president bush was hammered. republicans lost 30 seats in the house, 6 in the senate and more importantly control of the both houses were gone from the republicans. a couple things to note here. the 1998 election, of course, under president clinton marked the only time a sitting two-term president saw gains in the second midterm in the modern era. in addition, two-term presidents typically have a bad midterm and one not so bad. truman s party was much worse in 46 than it was in 50. reagan split decision after losing big in the house and gaining a senate seat, republicans lost seven senate seats in lost a bunch in 86 and the control but did better in the house. so, let s take a look at our next one. the two most recent examples of midterms. bill clinton s democrats lost 54 house seethes and 8 seats in