Do you have statistics to back up this silly, partisan talking point? Or, would you prefer to ignore the global economic shutdown caused by COVID, and the Herculean efforts undertaken to bring the US economic engine back from the brink???
Let me help you out…
In
February 2020, the United States entered what was by far the largest recession since the Great Depression.
(This was under Trump, as seen by the date)
Nearly 22 million people lost their jobs, and real gross domestic product (GDP)
fell 9.2 percent.
(Again, this was the last year of the Trump Administration, when we ignored the warnings, then suggest drinking bleach and inserting ultraviolet lights into your system as a realistic course of medical treatment!)
Learning from mistakes made in prior recessions, Congress passed recovery legislation that prevented economic scarring and instead ensured a speedy and full recovery.
Thanks to bipartisan congressional efforts during the Trump administration and the Biden-Harris administration’s effort to continue the economic stimulus, the United States has more than fully recovered. In fact, economic growth has outpaced projections that were made before the COVID-19 pandemic.
In other words, the economy in 2024 is stronger than experts had predicted it would be in 2024 before COVID-19 even happened. And it is stronger now than it was projected to be by 2024 at the beginning of the Biden-Harris administration.
-/-/-/-
Hmmm, so Trump brought us the Great Recession, due to initially ignoring the Pandemic, because nothing bad could possibly be seriously discussed by him. Then, CONGRESS passed bipartisan packages to provide support for economic stability and growth.
Biden continued and increased these efforts to aid with the global inflation caused by the Pandemic, including providing millions without jobs the money needed to buy things and keep the economy from further collapse.
The result of COVID was a significant increase in prices (inflation) as many businesses saw an opportunity to pass along their increase in raw materials due to scarcity. That required economic activity to increase, so that production of goods could increase supply and better reflect demand, AND wages to increase to help cover the increased prices.
Was it successful? YES, of course it was!!!
Today, we have the best economy in the world, wages are the highest they’ve ever been, both nominally and in real terms, and the stock market is breaking records almost every day!
(Trump’s yardstick, not mine!)
So
, let’s roll out these statistics that prove you’re wrong, now…
View attachment 141505
As you can see, from April 21 to December 22, we did have higher inflation than wage growth, but
for the last TWO YEARS, REAL WAGES HAVE INCREASED, and the economy is even outpacing pre-COVID projections!
As you may not know, those same economists are now using Trump’s promises on migrant round ups, the closing of the border and the widespread use of tariffs to project up to a 9% CONTRACTION in the best U.S. economy in modern history and an increase in inflation!!!
That’ll fix what ails us, eh?! After all, who wants the best growth in the world, lower inflation, increases in real wages and a 50% increase in retirement savings over the last two years to continue during the next Trump years???
