Why would America want to recreate the failed @realDonaldTrump economy?
In December 2017, #Trump claimed that his massive, deficit-busting tax giveaways for the rich and corporations would “skyrocket” the economy to 4%, 5%, even 6% GDP growth. (1/5)
In December 2017, #Trump claimed that his massive, deficit-busting tax giveaways for the rich and corporations would “skyrocket” the economy to 4%, 5%, even 6% GDP growth. (1/5)
In reality, the "Trump Economy" did not even reach 3% growth on an annual basis. Meanwhile, pre-#TrumpCrash the deficit had already skyrocketed—to $1+ trillion a year, with no end in sight. (2/5)
As for the debt Trump pledge to eliminate in 8 years: It soared to $24 trillion BEFORE the #TrumpCrash.
As for the autoworkers Trump promised his tax cuts would help: they saw 24,000 jobs disappear in the year BEFORE the crash. (3/5)
As for the autoworkers Trump promised his tax cuts would help: they saw 24,000 jobs disappear in the year BEFORE the crash. (3/5)
Despite Trump’s much-hyped tax cuts and snake-oil claims about job creation, the “Trump Economy” actually created 1.5 million fewer jobs during Trump’s first 36 months than Obama created in his final 36 months. (4/5)
In one especially troubling sign, non-farm job openings declined 14.1% between December 2018 and December 2019.
The "Trump Economy" was always a con. As I wrote in February, the US economy was slowing fast BEFORE the pandemic. (5/5) thedailyedge.substack.com/p/the-trump-bo…
The "Trump Economy" was always a con. As I wrote in February, the US economy was slowing fast BEFORE the pandemic. (5/5) thedailyedge.substack.com/p/the-trump-bo…
