Here’s part of an unemployment chart from the Federal Reserve which includes a few years before Donald Trump’s inauguration and a couple of years after, stopping before Covid-19 hit us. Can anyone point out when Donald Trump showed up and made America great?
And here’s one of GDP, a few years before Trump and a couple of years after. Can you pick out when Trump’s policies took over?
This one might be tricky. It’s the labor force participation rate. You might think you can see the turning point where Trump took over and stopped the fall, but you might be wrong.
You can see these charts and more at the Federal Reserve Economic Data website.
For all of Trump’s deal breaking and tariffs, he kept the economy improving at about the same rate it was improving during the Obama administration.
I’m not saying Trump’s good economy was all Obama’s doing. Trump kept it going for longer than most of us said he could. But he did so by taking reckless chances, antagonizing our trading partners, increasing our deficit with no end in sight, and sacrificing our credibility. All that for the same rate of improvement that was happening before.
With all the Donald Trump’s reckless policies, even without Covid-19, something bad was bound to happen.