As Speaker of the House, Congressman Paul Ryan (R-WI) is often quick to defend his party’s policies.
On Friday, he took to Twitter to praise Republican economic policies. It didn’t go quite as planned.
By measure after measure, the American economy is #BetterOffNow:
✔ Worker pay is rising at its highest rate in 10 years
✔ Record high #SmallBiz optimism
✔ Unemployment is near record low
✔ Money continues to come back from overseashttps://t.co/QL6iBLxF3m
— Paul Ryan (@SpeakerRyan) August 10, 2018
Possibly to deflect from a growing sea of social atrocities like family separation and Russian appeasement, Republicans frequently tout the so-called economic improvements happening under their leadership, championing the falling unemployment rate (a trend which began with President Barack Obama) and claiming, as Ryan did, that worker pay is rising. Their claims, however, tend to be misleading.
It wasn’t long before people on social media corrected Ryan.
They pointed out that, adjusted for inflation, wages are actually plateauing.
1. Inflation is rising at a level that wage gains r virtually zero.
2. Optimism does not pay bills
3. Employers having tougher time finding qualified workers.
4. $ coming back substantially being used for share buybacks
— Dave Agar (@Dave1Agar) August 10, 2018
U.S. workers' paychecks are worth less than they were a year ago, the Labor Department reported Friday, as modest wage gains have failed to keep pace with inflation.
— John Brase (@JohnJbrase) August 10, 2018
— Kay Dotson (@KayDotson6) August 10, 2018
What’s more, they came with receipts.
According to White House tweet, the economy and job market has been surging for the last 94 months. Since Trump has only been in the White House for 18 of those months, perhaps you should thank Obama. https://t.co/otpXiQ2xCk
— Unstoppable (@iamtgestorm) August 10, 2018
Your lying is nowhere near Trumpian levels but you are consistent. pic.twitter.com/ep002KeolN
— Jim Tilia (@DelawareBadger) August 10, 2018
What a surprise – wages are rising the most for top earners while the middle class remains flat. pic.twitter.com/4wuwQ37HZW
— Catherine Boerner (@catboerner) August 10, 2018
— mary carlson (@proudmaryc) August 10, 2018
And, for many, modest economic growth did nothing to negate other Republican policies.
However, our democracy is in the most danger since the Depression. Massive tax cuts for the rich give the illusion of a roaring economy, but y'all have fiddled while Trump burns down the country! #GOPBoughtandPaidFor
— StratFan57 (@stratfan57) August 10, 2018
Sir, if we are to believe you that’s good news. Actually The difference between our economy now and three years ago is very little. The difference between our moral stand is enormous. We have never encountered the political stance that you support. I am afraid and embarrassed.
— Paul Adams (@ppaul3) August 7, 2018
By measure after measure, the American economy is #GOPsOnlyTalkingPoint:
✔ The oceans are rising at their highest rate in history
✔ Record high #NeoNazi optimism
✔ Morale is near record low
✔ Money continues to illegally enrich our President
— Hugh Hoffner (@HoffToTheTouch) August 10, 2018
Republicans have undoubtedly taken steps on economic issues, but the direction in which those steps are taking the country remains debatable.