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Trump built the world's most prosperous economy.

the other mike

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Before the China virus invaded our shores.
Before the China Virus invaded our shores, we built the world’s most prosperous economy.
  • America gained 7 million new jobs – more than three times government experts’ projections.
  • Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
  • The unemployment rate reached 3.5 percent, the lowest in a half-century.
  • Achieved 40 months in a row with more job openings than job-hirings.
  • More Americans reported being employed than ever before – nearly 160 million.
  • Jobless claims hit a nearly 50-year low.
  • The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
  • Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.
Delivered a future of greater promise and opportunity for citizens of all backgrounds.
  • Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.
  • Unemployment for women hit its lowest rate in nearly 70 years.
  • Lifted nearly 7 million people off of food stamps.
  • Poverty rates for African Americans and Hispanic Americans reached record lows.
  • Income inequality fell for two straight years, and by the largest amount in over a decade.
  • The bottom 50 percent of American households saw a 40 percent increase in net worth.
  • Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.
  • African American homeownership increased from 41.7 percent to 46.4 percent.
Brought jobs, factories, and industries back to the USA.
  • Created more than 1.2 million manufacturing and construction jobs.
  • Put in place policies to bring back supply chains from overseas.
  • Small business optimism broke a 35-year old record in 2018.
Hit record stock market numbers and record 401ks.
  • The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.
  • The S&P 500 and NASDAQ have repeatedly notched record highs.
Rebuilding and investing in rural America.
  • Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.
  • Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.
Achieved a record-setting economic comeback by rejecting blanket lockdowns.
  • An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.
  • During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.
  • Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.
  • Jobs have been recovered 23 times faster than the previous administration’s recovery.
  • Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.
  • Under the previous administration, it took 49 months for the unemployment rate to fall from 10 percent to under 7 percent compared to just 3 months for the Trump Administration.
  • Since April, the Hispanic unemployment rate has fallen by 9.6 percent, Asian-American unemployment by 8.6 percent, and Black American unemployment by 6.8 percent.
  • 80 percent of small businesses are now open, up from just 53 percent in April.
  • Small business confidence hit a new high.
  • Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006.
  • Manufacturing optimism nearly doubled.
  • Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
  • Home prices hit an all-time record high.
  • The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy.
  • Business confidence is higher in America than in any other G7 or European Union country.
  • Stabilized America’s financial markets with the establishment of a number of Treasury Department supported facilities at the Federal Reserve.
Tax Relief for the Middle Class

Passed $3.2 trillion in historic tax relief and reformed the tax code.
  • Signed the Tax Cuts and Jobs Act – the largest tax reform package in history.
  • More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to the tax cuts.
  • A typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.
  • Doubled the standard deduction – making the first $24,000 earned by a married couple completely tax-free.
  • Doubled the child tax credit.
  • Virtually eliminated the unfair Estate Tax, or Death Tax.
  • Cut the business tax rate from 35 percent – the highest in the developed world – all the way down to 21 percent.
  • Small businesses can now deduct 20 percent of their business income.
  • Businesses can now deduct 100 percent of the cost of their capital investments in the year the investment is made.
  • Since the passage of tax cuts, the share of total wealth held by the bottom half of households has increased, while the share held by the top 1 percent has decreased.
  • Over 400 companies have announced bonuses, wage increases, new hires, or new investments in the United States.
  • Over $1.5 trillion was repatriated into the United States from overseas.
  • Lower investment cost and higher capital returns led to faster growth in the middle class, real wages, and international competitiveness.
Jobs and investments are pouring into Opportunity Zones.
  • Created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.
  • Opportunity Zone designations have increased property values within them by 1.1 percent, creating an estimated $11 billion in wealth for the nearly half of Opportunity Zone residents who own their own home.
  • Opportunity Zones have attracted $75 billion in funds and driven $52 billion of new investment in economically distressed communities, creating at least 500,000 new jobs.
  • Approximately 1 million Americans will be lifted from poverty as a result of these new investments.
  • Private equity investments into businesses in Opportunity Zones were nearly 30 percent higher than investments into businesses in similar areas that were not designated Opportunity Zones.
 

Mac1958

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Appropriately started in the Satire section.
 
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the other mike

the other mike

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Toro

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In the first three years of Trump, GDP grew 2.5% p.a.

In the last three years of Obama, GDP grew 2.4% p.a.

Trump's first three years are amongst the lowest growth rates for a President for his first three years in office.

 

Indeependent

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In the first three years of Trump, GDP grew 2.5% p.a.

In the last three years of Obama, GDP grew 2.4% p.a.

Trump's first three years are amongst the lowest growth rates for a President for his first three years in office.

Obama's first year in office saw 750,000 people a month losing their jobs.
After that, the economy had nowhere to go but up.
But why get picky when you're next Dark Skinned President takes over after her boss is disposed of.
 
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the other mike

the other mike

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frigidweirdo

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Before the China virus invaded our shores.
Before the China Virus invaded our shores, we built the world’s most prosperous economy.
  • America gained 7 million new jobs – more than three times government experts’ projections.
  • Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration.
  • The unemployment rate reached 3.5 percent, the lowest in a half-century.
  • Achieved 40 months in a row with more job openings than job-hirings.
  • More Americans reported being employed than ever before – nearly 160 million.
  • Jobless claims hit a nearly 50-year low.
  • The number of people claiming unemployment insurance as a share of the population hit its lowest on record.
  • Incomes rose in every single metro area in the United States for the first time in nearly 3 decades.
Delivered a future of greater promise and opportunity for citizens of all backgrounds.
  • Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows.
  • Unemployment for women hit its lowest rate in nearly 70 years.
  • Lifted nearly 7 million people off of food stamps.
  • Poverty rates for African Americans and Hispanic Americans reached record lows.
  • Income inequality fell for two straight years, and by the largest amount in over a decade.
  • The bottom 50 percent of American households saw a 40 percent increase in net worth.
  • Wages rose fastest for low-income and blue collar workers – a 16 percent pay increase.
  • African American homeownership increased from 41.7 percent to 46.4 percent.
Brought jobs, factories, and industries back to the USA.
  • Created more than 1.2 million manufacturing and construction jobs.
  • Put in place policies to bring back supply chains from overseas.
  • Small business optimism broke a 35-year old record in 2018.
Hit record stock market numbers and record 401ks.
  • The DOW closed above 20,000 for the first time in 2017 and topped 30,000 in 2020.
  • The S&P 500 and NASDAQ have repeatedly notched record highs.
Rebuilding and investing in rural America.
  • Signed an Executive Order on Modernizing the Regulatory Framework for Agricultural Biotechnology Products, which is bringing innovative new technologies to market in American farming and agriculture.
  • Strengthened America’s rural economy by investing over $1.3 billion through the Agriculture Department’s ReConnect Program to bring high-speed broadband infrastructure to rural America.
Achieved a record-setting economic comeback by rejecting blanket lockdowns.
  • An October 2020 Gallup survey found 56 percent of Americans said they were better off during a pandemic than four years prior.
  • During the third quarter of 2020, the economy grew at a rate of 33.1 percent – the most rapid GDP growth ever recorded.
  • Since coronavirus lockdowns ended, the economy has added back over 12 million jobs, more than half the jobs lost.
  • Jobs have been recovered 23 times faster than the previous administration’s recovery.
  • Unemployment fell to 6.7 percent in December, from a pandemic peak of 14.7 percent in April – beating expectations of well over 10 percent unemployment through the end of 2020.
  • Under the previous administration, it took 49 months for the unemployment rate to fall from 10 percent to under 7 percent compared to just 3 months for the Trump Administration.
  • Since April, the Hispanic unemployment rate has fallen by 9.6 percent, Asian-American unemployment by 8.6 percent, and Black American unemployment by 6.8 percent.
  • 80 percent of small businesses are now open, up from just 53 percent in April.
  • Small business confidence hit a new high.
  • Homebuilder confidence reached an all-time high, and home sales hit their highest reading since December 2006.
  • Manufacturing optimism nearly doubled.
  • Household net worth rose $7.4 trillion in Q2 2020 to $112 trillion, an all-time high.
  • Home prices hit an all-time record high.
  • The United States rejected crippling lockdowns that crush the economy and inflict countless public health harms and instead safely reopened its economy.
  • Business confidence is higher in America than in any other G7 or European Union country.
  • Stabilized America’s financial markets with the establishment of a number of Treasury Department supported facilities at the Federal Reserve.
Tax Relief for the Middle Class

Passed $3.2 trillion in historic tax relief and reformed the tax code.
  • Signed the Tax Cuts and Jobs Act – the largest tax reform package in history.
  • More than 6 million American workers received wage increases, bonuses, and increased benefits thanks to the tax cuts.
  • A typical family of four earning $75,000 received an income tax cut of more than $2,000 – slashing their tax bill in half.
  • Doubled the standard deduction – making the first $24,000 earned by a married couple completely tax-free.
  • Doubled the child tax credit.
  • Virtually eliminated the unfair Estate Tax, or Death Tax.
  • Cut the business tax rate from 35 percent – the highest in the developed world – all the way down to 21 percent.
  • Small businesses can now deduct 20 percent of their business income.
  • Businesses can now deduct 100 percent of the cost of their capital investments in the year the investment is made.
  • Since the passage of tax cuts, the share of total wealth held by the bottom half of households has increased, while the share held by the top 1 percent has decreased.
  • Over 400 companies have announced bonuses, wage increases, new hires, or new investments in the United States.
  • Over $1.5 trillion was repatriated into the United States from overseas.
  • Lower investment cost and higher capital returns led to faster growth in the middle class, real wages, and international competitiveness.
Jobs and investments are pouring into Opportunity Zones.
  • Created nearly 9,000 Opportunity Zones where capital gains on long-term investments are taxed at zero.
  • Opportunity Zone designations have increased property values within them by 1.1 percent, creating an estimated $11 billion in wealth for the nearly half of Opportunity Zone residents who own their own home.
  • Opportunity Zones have attracted $75 billion in funds and driven $52 billion of new investment in economically distressed communities, creating at least 500,000 new jobs.
  • Approximately 1 million Americans will be lifted from poverty as a result of these new investments.
  • Private equity investments into businesses in Opportunity Zones were nearly 30 percent higher than investments into businesses in similar areas that were not designated Opportunity Zones.

Let's pretend the economy was rubbish until the day he took office, and then it was amazing
 

Dr Grump

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Obama's first year in office saw 750,000 people a month losing their jobs.
After that, the economy had nowhere to go but up.
But why get picky when you're next Dark Skinned President takes over after her boss is disposed of.
Here, let me educate you. You're welcome.
Edit: Should also mention that the GFC started just as he came into office as that pertinent fact isn't mentioned in the link.

 
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the other mike

the other mike

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I remember the clock being suspended under Clinton. This is what happens when you have a mortgage system that almost collapsed and start two wars of choice.
To be fair, Clinton was riding the tech wave boom for most of his two terms, and the high GDP allowed for the deficit to keep the debt level at around $5 trillion.
 
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the other mike

the other mike

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I find US debt, just unbelievable.
Most average people have absolutely no clue how much a trillion dollars is. I always whip this out for people to get a nice perspective on it.......

That's why in the MSM, you'll always here "Republicans won't vote to raise the debt ceiling", but you never ever hear that the debt is nearly $30 trillion.

It's about $10 trillion more than the GDP, and includes about $7 trillion we owe to other countries.....namely Japan, China, some EU countries, OPEC countries....maybe part of the plot to keep the dollar above water.
 
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Indeependent

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Here, let me educate you. You're welcome.
Edit: Should also mention that the GFC started just as he came into office as that pertinent fact isn't mentioned in the link.

Yeah...I'm going to believe a report released by the same government that lied about how great GW's economy was.
You are one dumb person.
 

Dr Grump

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Most average people have absolutely no clue how much a trillion dollars is. I always whip this out for people to get a nice perspective on it.......

That's why in the MSM, you'll always here "Republicans won't vote to raise the debt ceiling", but you never ever hear that the debt is nearly $30 trillion.

It's about $10 trillion more than the GDP, and includes about $7 trillion we owe to other countries.....namely Japan, China, some EU countries, OPEC countries....maybe part of the plot to keep the dollar above water.
Possibly. According to the clock, total debt is $84 trillion. What's in a number? heh..As for Republicans raising the ceiling, they don't seem to mind doing it when they have the purse strings.
 
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the other mike

the other mike

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Possibly. According to the clock, total debt is $84 trillion. What's in a number? heh..As for Republicans raising the ceiling, they don't seem to mind doing it when they have the purse strings.
Trump had the trade deficit with China spinning down ....to about $200 billion and now it's back up to $340 billion already --less than a year.
 

Indeependent

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So there was now GFC? Um, okay...
Our lending institutions are giving every applicant a 1 million dollar loan despite their income.
The crash will come.,
 

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