🧵 America is better off today than it was 4 years ago.
MAGA voters may cling to snake-oil myths about the "Trump Economy."
But the reality was quite different.
At the end of 2019—before Covid hit—Trump was leading the US economy toward collapse.
Here are 5 facts to prove it:
MAGA voters may cling to snake-oil myths about the "Trump Economy."
But the reality was quite different.
At the end of 2019—before Covid hit—Trump was leading the US economy toward collapse.
Here are 5 facts to prove it:
FACT ONE: Trump failed on jobs. And he failed badly.
Trump said his tax cuts for the rich would "supercharge" the economy.
But he created 15% fewer jobs in his first 3 years than Obama created in his final 3 years.
That's 1.5M fewer jobs.
🧾: (2/x) huffpost.com/entry/trump-ob…
Trump said his tax cuts for the rich would "supercharge" the economy.
But he created 15% fewer jobs in his first 3 years than Obama created in his final 3 years.
That's 1.5M fewer jobs.
🧾: (2/x) huffpost.com/entry/trump-ob…
FACT TWO: Trump failed on manufacturing.
His first 3 years in office—pre-Covid—were devastating for factory workers.
Manufacturing was in a recession for all of 2019.
75,000 manufacturing jobs were lost as a result of Trump's trade wars.
🧾: (3/x)wapo.st/3SoYhWE
His first 3 years in office—pre-Covid—were devastating for factory workers.
Manufacturing was in a recession for all of 2019.
75,000 manufacturing jobs were lost as a result of Trump's trade wars.
🧾: (3/x)wapo.st/3SoYhWE
FACT THREE: Trump failed farmers.
2019 was the worst year for U.S. farmers since the farm crisis of the 1980s.
Trump's socialist giveaways—$32B in 2019 alone—were soaked up mainly by big companies as hundreds of small farms went bankrupt.
🧾: (4/x)npr.org/2019/11/10/778…
2019 was the worst year for U.S. farmers since the farm crisis of the 1980s.
Trump's socialist giveaways—$32B in 2019 alone—were soaked up mainly by big companies as hundreds of small farms went bankrupt.
🧾: (4/x)npr.org/2019/11/10/778…
FACT FOUR: Trump failed on the debt.
Trump said his #MAGA policies would turn deficits into surpluses and eliminate the national debt.
By 2019, he was running trillion-dollar deficits, even as poverty soared in Red States.
Debt was⬆️ to $23T.
🧾: (5/x)cnbc.com/2020/01/17/the…
Trump said his #MAGA policies would turn deficits into surpluses and eliminate the national debt.
By 2019, he was running trillion-dollar deficits, even as poverty soared in Red States.
Debt was⬆️ to $23T.
🧾: (5/x)cnbc.com/2020/01/17/the…
FACT FIVE: The Trump recession started before Covid lockdowns even began.
Despite his deficit-busting tax cuts, Trump's mismanagement brought to an end the Obama-Biden recovery, which in 2019 became the longest US economic expansion in history.
🧾: (6/x)nytimes.com/2020/06/08/bus…
Despite his deficit-busting tax cuts, Trump's mismanagement brought to an end the Obama-Biden recovery, which in 2019 became the longest US economic expansion in history.
🧾: (6/x)nytimes.com/2020/06/08/bus…
If you're on #TikTok, find me there, too!
Please follow my brand new @thedailyedge account and share this video to spread a few essential facts amid all the #misinformation. (7/x) tiktok.com/t/ZPRctfWNg/
Please follow my brand new @thedailyedge account and share this video to spread a few essential facts amid all the #misinformation. (7/x) tiktok.com/t/ZPRctfWNg/
If you're on Insta, find me there too @thedailyedgeinsta.
❤️ this tweet for a follow back! (8/x)
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Are you on Threads?
Find me there too @thedailyedgeinsta.
❤️ this tweet for a follow-back! threads.net/@thedailyedgei…
Find me there too @thedailyedgeinsta.
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#MAGA voters claim the Trump economy only collapsed in 2020 because of Covid.
Reality: #Trump's gross economic mismanagement during his first 3 years in office had already severely weakened the US economy at the start of 2020.
🧾: unprecedented.ghost.io/archive/dont-b…
Reality: #Trump's gross economic mismanagement during his first 3 years in office had already severely weakened the US economy at the start of 2020.
🧾: unprecedented.ghost.io/archive/dont-b…
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