LiberalsLIE
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- Sep 21, 2020
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The Fastest Recovery in History
America has added more than 11 million jobs since May—the quickest comeback on record. Here's how President Trump did it.
www.whitehouse.gov
11.4 million. That’s how many new jobs the U.S. economy has added since May—when experts were still predicting the unemployment rate would hit 20 percent and that American job losses would continue to mount for months to come.
Instead, President Trump has led what is on track to be the fastest economic recovery in American history, the Council of Economic Advisers says. During the past five months, more than half of all job losses from the pandemic have already been recovered.
NEW: America’s economic comeback breaks 70-year GDP record
That’s no accident. Following the Great Recession, the Obama-led “recovery” required over two years to achieve an unemployment rate of 8.4 percent. Under President Trump, Americans accomplished that goal in one month earlier this year.
Two big reasons explain the difference. The first is that President Trump’s pro-growth, pro-worker agenda makes our economy’s fundamentals stronger. In 2019, before Coronavirus swept the world, American incomes hit a record high while U.S. poverty rates hit a record low. Median incomes saw their biggest one-year jump ever.
When America is strong, it can withstand any global recession and bounce back quickly. President Trump cut taxes, fixed overregulation, replaced NAFTA, brought back manufacturing jobs, and held China and others accountable for breaking trade rules.
The second reason is that President Trump took targeted action to help American workers and families after the Coronavirus outbreak.
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Senile Pedophile Biden could never come near doing what Trump has done. A vote for Biden is a vote for poverty.