- Apr 19, 2022
- Reaction score
NBC news and the Baltimore Sun are anti Trump sources. Your post is invalid.Trump did not build a prosperous economy. He inherited one.
WASHINGTON — President Donald Trump’s campaign speeches can careen into many topics, but his primary appeal continues to be that he built “the greatest economy that we've had in our history” before the COVID-19 pandemic and he can do it again. The latest NBC News/Wall Street Journal poll shows he has an edge with voters on that issue and the Trump economy is likely to be a big topic this week at the Republican convention.
But the real story of the Trump economy, and the president’s role in building it, is not so simple. If you compare key economic indicators from Barack Obama’s second term in office to the first three years of Trump’s time (that is, before the pandemic hit), the data show a continuation of trends, not a dramatic shift. It suggests Trump didn’t build something new; rather he inherited a pretty good situation.
The average quarterly economic growth under Trump, 2.5 percent, was almost exactly what it was under Obama in the second term, 2.4 percent.www.nbcnews.com
In the commentary about President Donald Trump’s economy Monday (“Baltimore businesswoman: I had high hopes for the Trump economy. It’s even better,” Sept. 2), the author seems clueless that the positive trends in jobs and economic growth all began in the first year of the presidency of Barack Obama when he turned around the disastrous legacy of fiscal irresponsibility and greed of the Bush administration.
The trends have been positive ever since, and all Mr. Trump has done is ride the wave of economic prosperity he inherited. Meanwhile, he has set in motion all of the elements of greed and self interest that have led to recessions in the past. He is destroying the economy with vengeful tariffs, slowed down solar clean energy with solar panel tariffs, eliminated science from the EPA, blocked the Clean Water Act, blocked the Clean Air Act and canceled emissions controls on power plants while promoting dirty coal over clean energy. He has conspired to lower the standards for higher fuel economy and lower emissions cars all while denying these causes of climate change. All of this while driving the public debt another trillion dollars higher.
President Donald Trump inherited a great economy from his predecessor Barack Obama, but is now destroying it and leading the economy toward recession.www.baltimoresun.com