Trump-Era GDP Growth Was Worst Since Great Depression, Analysis Shows

[samsingh]

Source: Huffington Post

A key economic indicator that Donald Trump loved to boast about wasn’t so great during his time in office. Far from it.

The annualized real growth in America’s Gross Domestic Product during Trump’s administration was the worst since the Great Depression, according to updated and revised government data. And quarterly GDP data, which only dates back to Dwight Eisenhower’s presidency beginning in 1953, puts Trump dead last among the dozen presidents since then, according to Bloomberg

The economy clearly took a hit from the coronavirus pandemic during Trump’s final year in office. But previous presidents also faced formidable troubles and the GDP fared better. GDP grew 1.8% during George W. Bush’s presidency, roiled by 9/11 and the financial industry’s subprime mortgage debacle. It increased 2.1% during Barack Obama’s term, which featured the Great Recession. Trump notched a last-place 1.6% increase.

The Commerce Department’s Bureau of Economic Analysis has four quarters of data for each year only going back to Eisenhower’s term.

Read more: https://www.huffpost.com/entry/donald-trump-gdp-growth-great-depression-data_n_610893ede4b0e882ab6206c4

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Trump is a failure at just about everything. His lies make some deluded people believe nonsense. Trump is a grifter period. He produces nothing of substance and is a parasite stealing other peoples work.

[empedocles]

1. This needs to be a campaign ad for next year.

[Steelrolled]

2. Silly.

[LetMyPeopleVote]

3. Economic growth during Trump's presidency was the worst of any administration since Hoover

Link to tweet

[PatSeg]

6. Oh thanks

I love seeing it in a graph, much more impactful.

[bucolic_frolic]

4. Trump gave all the money to wealthy people so the rest of us couldn't spend .nt

[Champp]

5. Republicans screw up everything they touch

losers

[Johnny2X2X]

7. He also had the worst jobs record since Herbert Hoover

He was a total and complete disaster economically. Worst on jobs, worst on the economy.

[WHITT]

8. Amazing

that publications such as 'Barron's' and 'Business Week' and others have documented that the economy(GDP) is stronger, the stock markets are stronger, employment is higher, unemployment is lower, and wages are higher, during Dem administrations versus Repub administrations.

Not to mention that subsequent Dem administrations have repeatedly had to cleanup devastating Repub economic messes.

Yet, election after election, Repubs vote against their own interests.

[ffr]

9. The QOP kill everything they touch.

Their minority needs to be put out to pasture for good.

[Mawspam2]

10. Plus, TFG said if he wasn't re-elected...

...the stock market would crash and and all 401ks would fail.

As of now, Dow 35,002. Down slightly from recent all-time high of 35,192 set three days ago.

Eff that guy.

[Warpy]

11. Shoving money at the richest does NOTHING for the economy, who knew?

Of course, Republicans, addicted to doing the same things over and over again and expecting different outcomes, will blame Covid.

But that's not it. Covid slowed us down a bit, but not that much Republicans always fuck up the economy. Always.

[riversedge]

12. Good campaign ad and billboard