From Bloomberg business news: “Ranking the Trump Economy
The president brags about U.S. prosperity. But conditions improved more under his predecessors. (Even Carter.)”
While tRump likes to brag (lie) about the economy —
The data says otherwise —
By compiling and ranking the annual improvement in these measures under each of the last seven presidents, an average economic-progress score can be assigned. The scoring gives equal weight to each measure to avoid confusion over valuations that anyone could consider arbitrary. By these measures, we reported two years ago, the economy under President Bill Clinton was No. 1. It still is, having strengthened the most during his years in office, 1993 to 2001. President Barack Obama, who took office in 2009 during the worst recession since the Great Depression, left in 2017 after the second-biggest improvement. President Ronald Reagan is No. 3 (1981-1989), followed by Presidents George H.W. Bush (1989-1993) and Jimmy Carter (1977-1981).
That leaves Trump and President George W. Bush, whose years in office ended in 2009 with the financial crisis that plunged the economy into its deepest decline in 80 years. While the No. 6 Trump economy shows no signs of replicating the disaster of the No. 7 Bush economy, he already lags Carter’s performance.
Obama handed tRump the second best economy since the 70’s and in just two short years tRump has managed to bring it down to the second worse. When the dem candidate wins the white house in 2020 and rights our economic ship again it will be the third time in a row the dem had to clean up the republican economic mess. All three of the republican losers espoused the same faulty logic — cut spending to support the workers while increasing benefits for the rich and the economy will take off. WRONG! (Reagan spent like a true Keynesian which all the other republicans since have refused to do which explains his coming in 3rd.)
Meanwhile, despite the data and facts republicans continue to do the same thing over and over expecting different results. It’s going from insane to batshit crazy.
It’s time for us to go full bore Green New Deal, no holds barred and all hands on deck.