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[[File:Real Disposable Personal Income Per Capita.png|right|350px|thumb|Real Personal Income gains under President Trump beginning from the flat base of President Obama's last year in office. Personal income is now growing at a rate of 5.5%, real gains for the first time since the 1980s. ''Source: Federal Reserve Board'']]
[[File:Trump-wage-growth-1.jpg |right|300px|thumb|Wage growth among low income workers has been double that of high income workers under President Trump.<br>''Source: Bureau of labor Statistics'']]
'''MAGAnomics''' is the [[economic]] program of [[President Donald Trump]].
'''MAGAnomics''' is the [[economic]] program of [[President Donald Trump]].
==Background==
==Background==
[[File:Real Disposable Personal Income Per Capita.png|right|350px|thumb|Real Personal Income gains under President Trump beginning from the flat base of President Obama's last year in office. Personal income is now growing at a rate of 5.5%, real gains for the first time since the 1980s. ''Source: Federal Reserve Board'']]
The post-[[World War II]] [[Marshall Plan]] was set up to allow [[Europe]] and [[Asia]] to place tariffs on exported American industrial products. Those tariffs were used by the [[EU]] and [[Japan]] to rebuild their infrastructure after a devastating war. However, there was never a built in mechanism to end the tariffs. Additionally, the U.S. was carrying the cost of protecting the EU (via [[NATO]]) and Japan with the American military. The EU and Japan spent almost nothing on their own defense because the U.S. took over that role. But that military role, just like the tariffs, never ended. [[China]] since the late 1970s, and particularly since 2001,<ref>[https://townhall.com/columnists/johnandandyschlafly/2019/08/28/finally-a-president-stands-up-to-china-n2552287/ Finally, a President Stands Up to China!], John and Andy Schlafly. ''Townhall'', Aug 28, 2019.</ref> has piggybacked on that American generosity.
The post-[[World War II]] [[Marshall Plan]] was set up to allow [[Europe]] and [[Asia]] to place tariffs on exported American industrial products. Those tariffs were used by the [[EU]] and [[Japan]] to rebuild their infrastructure after a devastating war. However, there was never a built in mechanism to end the tariffs. Additionally, the U.S. was carrying the cost of protecting the EU (via [[NATO]]) and Japan with the American military. The EU and Japan spent almost nothing on their own defense because the U.S. took over that role. But that military role, just like the tariffs, never ended. [[China]] since the late 1970s, and particularly since 2001,<ref>[https://townhall.com/columnists/johnandandyschlafly/2019/08/28/finally-a-president-stands-up-to-china-n2552287/ Finally, a President Stands Up to China!], John and Andy Schlafly. ''Townhall'', Aug 28, 2019.</ref> has piggybacked on that American generosity.