Trump likes to brag about building the greatest economy ever. I thought I'd take a closer look at some economic stats to see how it really went..
Everyone in Teabagistan thinks Biden will drive up gasoline prices, I've probably heard 15 people say it. Now prices may go up under Biden but Trump didn't do anything special to lower them. They went up in Trump's first two years then came down to about the same level as Obama's last year.
Really, they have been falling for years. The president just doesn't have much to do with gas prices outside of driving them higher by starting a war in the middle east.
Stocks - Trump ran his mouth constantly about stock market levels but equity performance during his term doesn't stand out.
Here's the SP500. Can you pick out when Obama went into or left office? when Trump took over?
Coal
Saving coal was one of Trumps big campaign promises in 2016 but coal continues to tank. Natural gas and renewables are killing it. Trump was full of shit and most people knew it
National Debt
He blew our debt out with the tax cuts and a half-assed COVID response.
Inflation looks right in line with the past,
Another look equities. Not much difference between Obama Trumo
Trade Deficit
Trump was going to eliminate our debt with great trade deals and tariffs but our trade gap was flat until it widened with COVID.
He did try to turn our farmers into welfare queens by paying them for the Soybeans they couldn't sell to China.
Unemployment rate stayed on the Obama trajectory until Trump botched the COVID response.
Again, can you pick out when Obama went into or left office? when Trump took over?
So not spectacular, just more of the Obama years except for debt and trade deficit which got worse.
Then COVID and 300,000 dead and a wrecked economy,
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