Donald Trump

Trump’s Economy Is Only 6th Out Of The Last 10 Presidential Terms

Donald Trump claims to have created the “greatest economy ever,” but the truth is that his economy is only sixth out of the last ten presidential terms.

Axios compiled the data for annual GDP growth for the last ten presidential terms and found:

Unlike other presidents, Trump inherited a steady economy that’s since entered the longest stretch of growth in history. Interest rates remain low. Growth picked up in the wake of the 2017 tax cuts, but now the pace has moderated.

….

Some aspects of the Trump economy, like wage growth and business investment, pale in comparison to other periods. While solid, “this is not a gangbusters economy,” Nathan Sheets, who’s held roles at the Treasury Department and the Federal Reserve, tells Axios.

Here is the graph:

Trump’s first term ranks sixths out of the last ten presidential terms. Reagan and Bill Clinton both had economies that annually ranged 3%-4% in GDP growth. George W. Bush’s second term is the low mark with 0.5% growth. The other presidencies fall somewhere in a 2%-3% middle.

Trump’s Obama coattails economy is not as good as the one that George W. Bush inherited from Bill Clinton in his first term. Out of the last ten presidential terms, Trump is below average.

The history of the George W. Bush presidency is an instructive lesson for where the Trump economy is likely to go if he wins a second term. Bush has signed a massive top-heavy tax cut for the wealthy, which along with a bubble economy set the stage for the great recession that followed.

Trump’s claim that he created the greatest economy in history is false. Trump is living off of Obama’s scraps, and his claim of economy greatness is completely false.

For more discussion about this story join our Rachel Maddow and MSNBC group.

Follow Jason Easley on Facebook

Recent Posts

New Poll Finds Most Americans Think Trump Shouldn’t Be Allowed To Run

Trump is precariously close to having two out of every three Americans believing that he…

5 hours ago

Trump Is Being Advised By 4 Lawyers Who Could Be Facing Their Own Charges

Donald Trump is being drawn to the lawyers who enable his worst instincts and is…

6 hours ago

Democrats Keep America Humming As Biden Signs Bill To Keep Government Open Through Mid-December

After the House passed a government funding continuing resolution earlier on Friday, President Biden signed…

7 hours ago

Jamie Raskin Calls Ginni Thomas’s 1/6 Committee Testimony Deranged

Rep. Jamie Raskin (D-MD) described Ginni Thomas's testimony before the 1/6 Committee as deranged.

9 hours ago

Biden Humiliates Trump By Telling Putin America Will Not Be Intimidated

President Biden stood up to Putin in a way that Trump never could after Russia's…

9 hours ago

Putin Puppets Connected As Tucker Carlson Pressured For Clemency For Roger Stone

Tucker Carlson mounted a pressure campaign, including meeting with Jared Kushner to get clemency for…

11 hours ago