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New Data Reveals Trump Admin Was Even Worse Than Previously Thought

During Donald Trump’s four years in office, the United States recorded its lowest overall rate of GDP (Gross Domestic Product) growth since President Herbert Hoover’s administration during the Great Depression, according to a new report from Bloomberg’s Justin Fox.

Despite Trump’s constant bragging about how much “winning” the country would be doing, the GDP bottomed out at just 1.6 percent.

[Photo by DON EMMERT/AFP via Getty Images]
Trump was obsessed with the gross domestic product, going as far as telling a crowd at an October campaign rally, “Nobody’s ever seen a number like this!” And he was right, but not in the good way, because he’s never right in the good way.

Annual GPD numbers go back to 1929, and growth was negative-7.4 percent until Hoover left office in 1933. GDP growth reached a record high of 5.5. percent under John F. Kennedy, and prior to Trump the next-lowest rate was 1.8 percent under George W. Bush. The GDP grew by a rate of 2.1 percent under Trump’s predecessor, Barack Obama.

Trump’s historically low number continues a trend of the last 75 years in which both the GDP and job numbers have grown faster under Democratic presidents than Republican ones, with the notable exception of Ronald Reagan’s administration. While some have suggested that Democratic presidents have simply been luckier, others say it’s due to the fact that they tend to focus on broad-based economic growth policies, rather than just tax cuts. Noting that the comparison may seem unfair due to the COVID-19 pandemic, Fox tried adjusting the GDP numbers backward and forward by one quarter. He also averaged them with another key indicator — gross domestic income — and corrected them for population growth, but things didn’t get much better for Trump, who remained at or near the bottom of the pack.

Read Justin Fox’s full takedown here.



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