President #Trump is pitching his economic successes against Barack #Obama in the 2020 Economic Report released.
The report disputes the claim that Trump’s achievements are merely a result of inheriting an improving economy from Obama.
Obama’s presidency began just as the US was coming out of a deep recession in 2008. Given this timing, its natural the economy would improve under his presidency.
At the time, economists predicted that this economic expansion would naturally slow down around 2016. But in fact expansion accelerated under Trump.
Trump says this isn’t a coincidence. He credits the success to his tax cuts, cutting red tape for businesses, becoming less reliant on other countries for energy, and negotiating fairer trade deals with other nations.
The report says disadvantaged Americans have benefited more under Trump than under Obama. The wealth of the lower half has increased 15.2% under Trump vs 4.1% under Obama. Wages for the bottom 10% of earners has grown 4.9% under Trump vs 1.9% under Obama. For African Americans, wages have increased 3.8% under Trump vs 1.8% under Obama.
The report says, eliminating regulations on energy production and increasing production of shale and gas has saved an average family of four $2,500 annually .
Trump says, although the American economy is stronger than ever, his Administration’s work is not done yet.
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Life better under Trump!
Boy oh boy does it not feel like it. My future mother in law (a bankruptcy lawyer) said that we are about to go into a recession soon. This was said around Thanksgiving, so before this coronavirus fiasco. Maybe I'm just too low class to feel the effects of this "economic growth". That being said, economic growth is what he set out to do even if our debt is also higher so whether or not I can personally see the effects in my life, numbers don't mathematically lie.
Trump is a cunt. He's also a liar, a fraud, incompetent, misogynist prick. And a crook. He's got no business in politics except self-interest, nepotism and bragging rights. He's destroyed the environment, removed numerous protections for Americans.
Fuck Obama! POS divider in chief.
Germany's economy grew under Hitler, but at what cost.
You get the money, you can make you're way out of the poverty that you say plagues the people.
Obama suck ass n full bs
Obama 12% unemployment and 11 trillion added to the national debt. Democrats worship this stooge.
Trump and Reagan did their duty to America. The others were just career politicians who knew nothing about the economy.
Obama to Trump: 'What magic wand do you have to bring jobs back? ?
This says it all. Improvement.
Trump economy much better.