Labor secretary: Strong job market, economy could disappear quickly under Democrats
Eugene Scalia says 'the economy we have right now is not an accident'
If a Democrat gets elected in 2020 and reverses President Trump's tax cuts, “we'll see a reversal in the fortunes of the job market,” U.S. Secretary of Labor Eugene Scalia said.
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Scalia joined FOX Business’ “Bulls & Bears” on Friday to discuss the recently released jobs report under the Trump administration and the plans of 2020 Democratic presidential candidates.
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“The economy we have right now is not an accident,” Scalia told FOX Business’ David Asman.
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“It's the result of a decision on taxes by the president,” he said. “It's a result of a decision on deregulation by the president."
The U.S. economy, in the midst of the longest expansion on record, is continuing a trend of slow-but-steady growth. The economy added 145,000 jobs in December, while the jobless rate held steady at 3.5 percent, the lowest rate since 1969.