Cecilie1200
Diamond Member
You believe Trump is the only president to have "sustained" GDP growth of 3%...
Don't try to speak for me, snowflake - you'll only F* it up - as you did - and hurt yourself.
Here are 10 facts since Trump was elected that prove this is the best overall economy in more than 50 years:
- Employment: PBS News Hour confirmed that this is the best labor market since 1969 with low unemployment, more jobs and rising wages.
- GDP: Trump is the first president to have GDP consistently higher than 3%, President Barack Obama was only the president to fail to achieve one year of 3% GDP growth.
- Wages: The Washington Post even surrenders to the fact that Trump is the first president to improve wages in a generation where income is at an all-time high.
- Stock Market: CNN says the stock market has roared more than 40% since Trump’s election.
- Gas and Fuel Prices: Gas prices are low in most U.S. states that don't over-tax fuel with local and state taxes. Many states have $2.15 per gallon gasoline right now. Gas prices may fall this summer according to the latest news.
- Ethnic Employment Success: The employment success for all ethnicities is at record high. Obama had difficulty creating jobs and many people gave up looking for work.
- Manufacturing Jobs: Manufacturing jobs are back in the U.S. for the first time in a generation. Trump created 284,000 manufacturing jobs in 2018. Forbes implied that millions of manufacturing jobs were lost during Obama’s first 2 years in office. Some 1 in 6 were lost between January 2008 and March 2010 and Obama never got those jobs back.
- Taxes and Regulatory: Corporate taxes were cut from 35% to 21%. America moved from worst tax system up to one of the most competitive in the world under Trump’s first 2 years in office. Lower tax rates allow U.S. companies to spend more money, buy more assets, pay more employee benefits, buy stock back to put money on Main Street and into state coffers, and even help pay better dividends to seniors who live paycheck to paycheck.
- Nasdaq: The Nasdaq stock market value finally exceeded the 1999 prices under Trump. This implies that companies were stagnant for 18 years until Trump took office.
- Level the Playing Field: With a mixed bag of tax-code improvements, removal of red tape, new trade agreements, and competitive tariffs, the U.S. economy is more insulated from failure. Even the Federal Reserve is willing to lower rates if other countries harm the U.S. trading environment.
10 Reasons Trump Economy Is Best in 50 Years
1. The unemployment rate was 4.6% when Trump took office.
2. The fact is that GDP growth has not been substantially higher under Trump and in some cases has fallen short of Obama.
3. Part of the reason there has been wage growth is higher minimum wage increases in blue states and even in deep red Arkansas. Republicans have fought this tooth and nail. The growth has been uneven as the biggest increases have been at the upper end.
4. Wall Street and Main Street have nothing in common. What has been good for Wall Street has been bad for Main street.
5. Gas and fuel prices are lower due to coronavirus fears that could slow the economy.\
6. Again the unemployment rate was 4.6% when Trump took office. Neither Trump nor Obama have been responsible for it.
7. Manufacturing is in a recession thanks to Trump's trade wars.
8. The lower taxes have been used for stock buybacks and dividends which have benefitted the rich. Employees have seen very little of it.
9. Again Wall Street and Main Street have nothing in common.
10. Translation: Allowing big business to pollute the air and water and destroy wildlife habitats. Trump's trade wars have put manufacturing in a recession. Th3e Fed has lowered interest rates because of slowing economic growth and recession fears.
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Trump has put the manufacturing section in a recession. That is proven by the federal government's own data. The unemployment rate was 4.6% when Trump took office. That is another fact.
The Obama administration cooked the books on unemployment by avoiding mention of the millions of people who simply stopped looking for work and dropped out of the count. Third fact.