Let's take a look at Trump's record for a moment. Trump’s record does not look as rosy as Obama's. Government debt and the trade deficit are climbing (while most economists don’t worry about the rising trade deficit, Trump made it a central part of his 2016 election campaign), and business investment is faltering as corporate leaders say they are wary of Trump’s trade war. The number of Americans lacking health insurance is also ticking up slightly.
1. Job gains. The U.S. economy typically added more than 250,000 jobs each month in 2014 and 227,000 a month in 2015. Trump has not been able to top that yet, but experts say job growth remains surprisingly robust, especially given how many baby boomers are retiring and how many business owners complain they can’t find any more workers.
2. Unemployment rate. The nation’s unemployment rate is at a half-century low, a source of pride for Trump. But many economists have pointed out that the rate has been falling steadily since 2011, making it difficult to see much difference after Trump took office.
3. Growth. After a painful 2009, the economy has been growing for a decade. In the early years of the recovery, growth was lackluster, but it started to pick up in 2014 and 2015. Trump told America he could do even better as president, but his record so far looks similar to Obama’s final few years in office. While his tax cut and deregulatory push boosted growth in 2018, that appears to be fading as business owners grow concerned about the trade war.
Now keep in mind this report came out before this coronavirus pandemic
4. Stock market. The Dow Jones industrial average was up 46 percent at this point in Obama’s presidency vs. 25 percent for Trump. Stocks soared under Obama, and he ended his White House tenure with one of the best gains of any president in modern history. Trump started out with a lot of love from Wall Street as well, especially with his tax cut, but stocks have moved sideways since he began his trade war.
5. Manufacturing. Trump campaigned heavily on reviving blue-collar industries and jobs. While service-sector jobs in health care, technology and hospitality rebounded quickly after the Great Recession, manufacturing did not. Trump’s tax cuts helped boost manufacturing in 2018 (blue-collar job growth hit the fastest pace since the early 1980s), but the president’s tariffs have since taken a toll, sending manufacturing into a “technical recession” in 2019.
HARRY, that happen on Trump's watch.
6. Federal debt. The national debt swelled under Obama as the federal government spent money trying to rebuild the economy after the Great Recession. At the end of Obama’s term, the annual deficit had declined considerably, but it has since jumped up again under Trump because of his tax cut and increased government spending.
7. Uninsured Americans. One of Obama’s key policy goals was to get more Americans health insurance. The number of people without health insurance fell noticeably during his tenure after the passage of the Affordable Care Act. Progress has since stalled under Trump, who attempted (unsuccessfully) to repeal Obamacare.
8. Business investment. Trump and his advisers said the goal of the GOP tax cuts was to encourage businesses to spend and invest more in new equipment and factories, which would then help boost the economy in years to come. While there was a slight bounce in business spending in early 2018, it has since plunged (even turning negative in the spring of 2019), largely because of the trade war.
HARRY, I have provided 8 points where Obama was batter for this country's wellbeing than The Trump Administration.
Now point out the Evil in the Barack Obama administration that you are talking about HARRY, can you do that?
Posted By: Dea. Ron Gray Sr.
Friday, May 8th 2020 at 1:35PM
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