2020 Democrats: The Economy Is Terrible (It’s Not)

With the 2020 presidential campaign on its way, Democratic candidates are trying to portray an economy that is in "crisis" and not working for everyone under President Donald Trump.

"The economy in America today is not working for working people," Sen. Kamala Harris (D., Calif.) said.

"When they declare victory at 4 percent unemployment, it is not good enough," Sen. Kirsten Gillibrand (D., N.Y.) declared.

"We have enormous crises in this country … in terms of millions of people living in poverty, in terms of a shrinking middle class," Sen. Bernie Sanders (I., Vt.) said.

"The middle-class squeeze is real," Sen. Elizabeth Warren (D., Mass.) said. "And millions of families can barely breathe."

"Clearly something is broken. Something is broken in our economy," former South Bend, Indiana mayor Pete Buttigieg (D.) said.

Despite the doom-and-gloom rhetoric, the economy has broken new records under Trump. The unemployment rate is at 3.8 percent, a 50-year low. Unemployment rates for African Americans and Hispanics have reached record lows under Trump. The labor force participation rate is at 63.2 percent. Consumer confidence reached an 18-year high in September and rebounded in February after a three-month decline.

In January, manufacturing jobs were growing at a rate 714 percent faster under Trump than under his predecessor President Barack Obama.

The latest job numbers show wages growing at a rate not seen in a decade, with most of the wage growth occurring in the lower half of wage earners.